All great companies start off with a pitch that captures people's imagination. Without it, entrepreneurs have a difficult time attracting talent, investors and, most importantly, customers.
That's why we at the MIT $100k Entrepreneurship Competition have launched YouPitch, an elevator pitch contest that's based entirely on YouTube and open to students from across the world.
The contest is the latest evolution of MIT's student-run $100k competition, an annual program that provides aspiring entrepreneurs with the resources, network and learning opportunities needed to start successful ventures. Since its founding in 1989, over 150 companies have been launched out of the MIT $100k, raising $1.3 billion in venture capital and generating over $16 billion in market value. Notable alumni include Akamai, a leader in web application and performance management with annual revenues of $1+ billion, Harmonix, creators of "Rock Band" and "Guitar Hero", as well as ZipCar, a leading car-sharing company.
To read the full, original article click on this link: Kourosh Kaghazian: YouPitch: 60-Second Startup Pitches From Students Around World
Author: Kourosh Kaghazian and Jue Wang
