I went tonight, and it was really cool.
"We are all familiar with death by PowerPoint (one bullet at a time). Pecha kucha aims to cure this by limiting PowerPoint presentation to 20 slides, 20 seconds per slide. A total experience of just 6 minutes, 40 seconds. The idea is to build compelling presentations around powerful images and simple messages. "
Old article on Wired, and here are 3 presentations done worldwide:
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