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BBVA Open Talent Acceleration: speed pitching sessions in Empire Startups Summit

11/11/2014 04:23

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Welcome to the Empire Startups Summit! During this two day event our participants will face speed pitching sessions with investors, while attending to interesting panels about fundraising, new innovation trends, and much more. At the end of the Summit, one of the startups will get a seed investment for at least $10,000. Let’s cross our fingers for our winners to be selected!

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Today our winners took part in the Empire Startups Summit! A two days event aimed to connect early-stage investors with startups. Participants attended to a variety of panels alternating with speed pitching sessions with investors.

At the end of the day, five of the seventeen startups were selected to compete in the semifinals. Tomorrow is the last day of the competition, when the investors will vote which one of the startups will receive a seed investment. A minimum of $10,000!!!

Our winners going over their presentations for the demo competition.

The day started with Jon Zanoff, one of the organizers of Empire Startups Summit. He welcomed the participants and highlighted the importance of supporting the tech community. 

They keynote presentation was given by Kelly Lovell, founder of My Effect, one of the youngest and most powerful women in tech. Her speech talked about first impressions and how we should be able to adapt our elevator pitch for the target audience. “It’s important to get to know the person you are talking to, so you can adjust your pitch and make it more interesting,” she said. According to her, the theory of the 3P’s: Passion, Perseverance and Persistence, is highly effective. 

Kelly Lovell giving the keynote.

Several panels talked about fundraising:

•    Benjamin Sun (High Peaks Venture Partners), María Gotsch (Innovation Lab), David Rose (Gust) and Weston Gaddy (Bain Capital) discussed how NY culture is shaping the startups that are coming to the city.

•    Dave Teten, venture capitalist at ff Venture Capital, discussed VC’s best practices in sourcing investments and how that should inform your fundraising strategy.

•    To conclude, Ryan Feit (Seed Invest), Alejandro Cremades (Onevest), and Luan Cox (Crowdnetic) talked about online platforms that help to achieve the fundraising goals.

“With the online platforms, you can spend less time looking for fundraising and more time working on your business,” said Ryan Feit.

The last panel was fascinating! Catriona Stuart (The New York Times), Binna Kim (Cognito) and Reza Chwdhury (AlleyWatch) addressed the best way for startups to pitch the press and get published into the media. Everyone agreed that being honest, building relationships with journalists, and knowing how to tell your story are key aspects to succeed.

“People need to think holistically about their PR strategy,” said Catriona Stuart. 

Today’s semifinalists were:

•    Sworkit: A fitness app.
•    Triton Research:  Data collector for public hedge fund investors on private companies.
•    Anchor: Voice location-based & PIN authentication.

And two of our winners!!!

•    Clause Match: An app to simplify legal contracts.
•    Socure: Using social proof to reduce fraud.

Sunil Madhu, Co-Founder & CEO of Socure; and Evgeny Likhoded, Co-Founder & CEO of ClauseMatch.

We wish the best of luck to them! The winner of the $10,000 seed investment will be announced tomorrow and we can’t wait to find out what happens!!! Stay tuned to our social media for updates!

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All NY Crash Acceleration Week

Day 1:

Learning best ones

Stop Endeavor

Day 2:

Keys NY Startup Scene

Video: How fundraising process us

Day 3

Challenging rewarding

David S Rose give us the recipe for the perfect pitching deck

Day 4

StartupBus Accelerate

Idea behind StartupBus

Día 5

Empire Startup Summit, Part I