SharkMeet was created by local partners and organizers as “a business pitch competition for entrepreneurs seeking to fund game changing products and apps with investments from venture capitalist ‘sharks'”. Kevin O’Leary, aka Mr. Wonderful, a staple ‘shark’ in ABC’s Emmy-award winning show, kicked things off with a short but powerful speech on business and entrepreneurship. He noted a staggering 97% of America’s employers are small businesses, and PAITgroup proudly falls into that group. If you’ve stopped by the blog to get some insight into Mr. Wonderful’s tips for start ups, you’re in luck! We noted his big three must-dos to get financed.
1. Pitch in 90 seconds or less. Making your pitch simple, fluid and understandable in a minute and a half was essential to getting investors on board
2. Articulate how YOU are the right person or team. What separates you from the competition and other similar business? Why should I select you?
3. Know your numbers. In 100%– yes, all– cases of investment, the party knew their numbers. Make sure you or someone on the team can answer any questions from potential investors honestly and knowledgeably.
After Mr. Wonderful’s wonderful insight (sorry for that one), he joined the rest of the panel–Rich Langdale of NCT Ventures and serial entrepreneurs Tanisha Robinson and Luke Westerman–for the main event. The entrepreneurs on hand–MedPAC, Weed Zinger, Enforcers Technologies,Inlightened, and Rekovo–all had 9 minutes to make their cases and partake in a Q & A from the panel.
After a successful SharkMeet, PAITgroup is looking forward to attending and contributing to other IT Martini’s functions to talk start up, business, and our bread and butter– Microsoft SharePoint.