Demo days from startup accelerators tend to have a formula. One by one, the CEO of each “accelerated” startup runs onstage to thumping music—or in the case of one CEO at the Techstars NYC Demo Day on Friday, the theme song from The Lion King—to enthusiastically deliver a PowerPoint pitch to a dark theater packed with investors, press, and hangers-on.
At best, a startup demo day is a showcase of new and exciting startups. At worst, it’s a collage of meaningless big numbers, naive promises to change the world, and cheesy sales pitches. In any case, it is a performance, meant to keep energy high and investors intrigued.