A new online small business contest is giving entrepreneurs the opportunity to pitch their small business ideas to a group of investors with access to a total of $10 billion in funding.
The Perfect Pitch contest, hosted by PerfectBusiness – a California-based business networking firm – is open to entrepreneurs in any sector, who will have their proposals evaluated by a team of angel investors and venture capitalists. Organizers say that last year’s winner earned $500,000 in financing, and hundreds of other entrepreneurs also found business partners to help them raise money for their companies.
“The Perfect Pitch provides a rare chance for people without funds or connections to get their business or product innovation in front of more than 100 influential funders and executives,” says Dan Bliss, founder of the Perfect Pitch Competition and the PerfectBusiness Summit.
The contest will be open until August 26.
According to the New York Times, small business contests can be a helpful resource for entrepreneurs – even if they don’t win. Though the odds of winning the top prize are often very slim, the investors and potential customers who judge the competition can give valuable feedback that is an even bigger help to the company in the long run.
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