Venture Capital Funds & Angel Investors to vote for the Top 50 Emerging Companies Nationwide
FundingPost launches its Second Annual Pitching Across America(TM), the largest Venture Capital competition ever
New York, NY (PRWEB) June 2, 2005 -- FundingPost (http://www.fundingpost.com/) proudly announced the start of
its second annual Pitching Across America(TM) competition. FundingPost, which
has been introducing entrepreneurs to investors for over 4 years, established
the competition last year in which 140 Venture Capital Funds and Angel Investors
participated as judges, voting on 400 business summaries from emerging companies
nationwide. It was the largest Venture Capital competition ever organized. The
Pitching Across America competition is significant because it helps Venture
Capital and Angel Investors quickly identify worthwhile investment
opportunities. In addition, the competition helps provide entrepreneurs with
useful feedback about the quality and professionalism of their pitch to
investors. FundingPost expects to duplicate its success from last year’s
Pitching Across America event again this year.
The emerging companies
will be evaluated on a scale of 1 to 10. Judging criteria consisted of several
key points including: the professionalism of the written summary, current stage
of development (customers, revenue), competitive advantage and need in the
marketplace, feasibility for success, and whether the company is
"VentureWorthy(TM)."
"We are thrilled to be running Pitching Across
America again this year. The response and the level of interest from both the
Venture and Angel community and the entrepreneurs who participated in Pitching
Across America(TM) last year was tremendous," said Joe Rubin, Director,
FundingPost, "Both the investors and entrepreneurs really saw the value in the
competition. We expect to find another 50 compelling opportunities this
year."
Pitching Across America received tremendous accolades from its
investors judges last year. "FundingPost's latest Pitching Across America event
was stellar," said Bill Funcannon, Partner, OVP Venture Partners. "As a judge
representing the top-tier fund in the Pacific Northwest, I was impressed by the
50 companies selected from a list of more than 400 entries. The start-ups chosen
for the final round represented real balance of companies between earlier- and
later- stage investing. There is a natural mix of winners from industry segments
based on market opportunities, and a balance between risk and reward for venture
capitalists and entrepreneurs alike."
"The FundingPost competition
provided an efficient vehicle in which a busy VC could quickly evaluate many
investment opportunities," said Daniel Penberthy, Rand Capital. "Much has been
said about entrepreneurs always having their 'elevator speech' ready. Well, this
is the 'elevator of today' and entrepreneurs need to be able to summarize their
business opportunity in a few paragraphs instead of minutes, if they are to be
successful in today's fundraising environment.”
About FundingPost
For
over four years FundingPost has worked with thousands of Angel and Venture
Capital Investors and Entrepreneurs. FundingPost has hosted over 5,000 CEOs and
600 Venture Funds at events in 15 cities nationwide, as well as providing a
quarterly Dealflow magazine and a deal-exchange Website that has, on average,
seen an introduction of an Investor to an Entrepreneur every business day since
its inception. FundingPost’s mission to reach investors and entrepreneurs in
every medium possible – both online and offline, and it is experiencing strong
growth as the venture capital markets continue to improve worldwide. For more
information: http://www.fundingpost.com.
Note to editors: Please
contact us at e-mail protected from spam bots for additional information or to
schedule interviews with FundingPost or any of the participants or judges of the
competition.
# # #
Source : http://www.prweb.com/releases/2005/6/prweb246976.htm