So, is your business pitch strong enough to capture the interest of a potential investor in two minutes or less? Up until this Friday, March 20th you can put it to the test in a contest sponsored by StartupNation, Toshiba and GoToMeeting. Your pitch first gets reviewed by popular vote on StartupNation (i.e., exposure to thousands of other small business owners). The 100 winners get whittled down to five by a panel of judges, and those top five winners get to meet (online, of course) with a panel of real investors. Prizes also include Toshiba laptops and GoToMeeting accounts.
Here are the details… get pitching!
Contestants interested in competing in the contest can submit a video pitch to http://www.startupnation.com/elevator-pitch-2009 up until March 20, 2009. Video submissions should be quick-hitting business plan pitches designed to entice investors (thirty seconds and 100-150 words). The top 100 contestants will be selected by popular vote and then judged by a panel of StartupNation judges as well as an outside panel of renowned angel and seed stage venture capital investors.
On April 7, the top five pitchers will be announced and invited to participate in a 60-minute, GoToMeeting-hosted online meeting with a panel of seed stage investors whose funds under management exceed $1 billion collectively.
“This is an extremely tough a time for entrepreneurs as financing has tightened up considerably in 2009. However, top investors are still on the hunt for outstanding business ideas. Our goal with the Elevator Pitch contest is to give these intrepid entrepreneurs constructive feedback on how to be more effective in pitching their opportunities to investors and to inspire others to prepare their own pitches so when their ‘someday chance’ comes, they’re ready for show time. After all, if you can’t communicate your business opportunity in a quick elevator ride, you’re not ready to raise money!” said Rich Sloan, co-founder and chief startupologist of StartupNation.com. Sloan has critiqued thousands of pitches on StartupNation Radio, a weekly, nationally syndicated call-in radio program that informs and entertains entrepreneurs.
To enter, contestants must submit video or audio up to two minutes in length to StartupNation.com by March 20, 2009. Contestants must be located in the U.S. and be 18 or older to participate.
Laura Leites, Assistant Editor, Smallbiztechnology.com