This Week in Startups Startup pitch competition! Jason invests $25K into one of four founders | E1703
Mar 21, 2023
In a thrilling pitch competition, four startup founders showcase their innovative ideas, each vying for a $25K investment. From revolutionizing crowdfunding with Fantastic Funding to monetizing AI prompts at Promptify, the pitches reveal exciting trends in the startup landscape. OpenSpot offers solutions for managing healthcare appointments, while Renegade Labs taps into the gaming world with drones. The event highlights not just the founders’ visions but also the value of community and support in entrepreneurship, promising a bright future for these emerging leaders.
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Accountability Fee
- Charge an accountability fee for programs, even if you refund it later.
- This significantly improves completion rates, as seen with Founder University's 97% completion.
Investment Strategy
- Launch invests small amounts initially with the goal of increasing ownership in successful companies over time.
- They aim for 10-20% ownership in winners, starting with a small check like $25,000.
Early Stage Investment Criteria
- Look for "builder founders" who can create their MVP without needing significant funding.
- Also look for early signs of traction, like waitlists, indicating customer demand.