Speed Pitching this week. A bit you may not know…

• Posted by Steve Spencer

Article posted on Feb 05

Just a reminder to everyone that there will be another investor speed pitching event tomorrow.  For those that are not yet aware of what these are, just real quick:

It’s like speed dating, but between investors and local entrepreneurs.  You have 5 minutes each to pitch your idea to a table of investors.  Then you move on to the next table and pitch again. If you would like to participate head on over to Funding Universe to learn more.

For those that have heard me gush a bit about these in the past, I wanted to pull together a bit of info to make sure I was being entirely objective on these… so here’s to scoop:  Of the last 150 ideas pitched, 147 of them got at least one of the investors to request a followup meeting to learn more.  Additionally, I have spoken to a couple of different companies who have received funding through the event, and asked them to tell me the good, bad and even the ugly.  The only negative vibe I got back at all is that Funding Universe decides what ideas to include in the event based solely on reading the business plans, rather than hearing all of the presentations (I am guessing due to time constraints,) so make sure your plan reads well if you want to make it in!

I’ll be at the event again this week, so be sure to say hi!

• Posted in Events