Ever imagine running your own tech start-up company? Bang Ventures is making that dream a reality with its You Be The VC contest (www.youbethevc.com). Take one part "American Idol," one part "The Wisdom of Crowds," and one part business incubator -- add them up and you get one exciting competition, where your great idea might transform into the next Google or Facebook.
The prize? A complete launch pad for creating a successful start-up: investment capital, office space, programming/web development, legal, accounting and business strategy consultation, and marketing and sales support. Already, firms including Deloitte & Touche, one of the big four accounting firms, Vator.tv and Foley & Lardner, a prestigious law firm, have jumped onboard to lend their support to this innovative and dynamic effort.
This is an open call to people with great tech ideas to fill out the hassle-free application and profile at www.youbethevc.com and enter the chance to win their own start-up company. Here's how it works:
1. To enter, go to www.youbethevc.com, create a profile and fill out the application with your company idea. If you don't want to enter the contest but still want to be part of the entrepreneurial social network, you can still join as a member.
2. Proposals for companies in the "Web 2.0" space, including social networking, advanced search, Enterprise 2.0 and mobile applications companies, will be considered.
3. Expert judges will narrow the field, commenting, questioning and assigning new tasks. The top 20 finalists will film a video pitch jointly on broadcast television and online video, and the public will vote on which three companies will win.
4. The winners will spend next summer in Cambridge, Mass. with a team of expert consultants, advisors and programmers building their start-up company.
"We live in a culture of entrepreneurs, but so many great business ideas are overlooked because they don't have access to money and resources, as well as experienced advisors and the media," said Mark Modzelewski of Bang Ventures. "You Be The VC will create incredible opportunities by reinventing venture capital and reinvigorating the startup process by transforming great ideas into great companies."
"Having worked with many successful companies, from early stage ventures to blue-chip firms, our team is always energized by helping build businesses from the ground up," said Ed Moran, head of the venture capital practice at Deloitte & Touche. "We are thrilled to support the You Be The VC effort. It's an incredible way to tap the talents and ideas of great minds across the country and give them access to the expertise, funding and resources they need to succeed."
"As an early Internet entrepreneur. I know how difficult it can be to start a business and navigate the venture capital system," noted direct media marketing guru and WPP Partner Matt Straznitkas. "That's what makes You Be The VC so attractive -- this is a meritocracy where the best ideas win and get funded. Simple as that."
"Having sold and taken public dozens of companies, I know that there are a million great business ideas out there, but most never make it because they can't access the right expertise," said Gabor Garai, a partner and chair of the private equity and venture capital practice at Foley & Lardner. "In backing You Be The VC, we know that we are helping to foster not just clever ideas, but great new businesspeople who are supported by a team of seasoned experts."
More information about the contest, including rules and advice for entering, can be found at www.youbethevc.com.
About Bang Ventures
Bang Ventures is a New York-based investment firm with offices in Cambridge and is focused on early stage emerging technology companies.
Bang Ventures isn't a VC firm. We help smart and driven people co-found fantastic new companies, providing entrepreneurs with a roof over their heads, mentoring, a deep network of contacts, marketing support, professional services and other technical support....and yes, funding as well.
Launched in 2007, Bang Ventures gets into the projects at the inception phase, evaluating opportunities and empowering entrepreneurs to develop strong companies. The firm is currently focused on investing in North America and Eastern/Central Europe in sectors ranging from Web 2.0 to clean tech to medical devices.
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Venture Capital Pitch at AeA Venture Forumby ryanallis7,555 views
Attention anyone interested in venture capitalism with funds to invest; I don't mean pussies that wimp out as soon as things turn downwards I mean those who are prepared to risk big (and maybe lose big) to make big. I will go under soon unless I locate some new and daring backers. Contact me through hotmail - pcj23ca - or just google me; Pierre Johnson from pier23 California, Pier Johnson, or pier23ca, or pjohnson23.
pierre23ca 3 years ago
Best Wishes in this venture...I went to Engineering school with one of your judges Bob B. Hi Bob! Glad to hear of your many successes.
klremmel 4 years ago
I love this idea, I will be involved on the website for sure.
Sorry I can't turn off my filter on this: No big deal, but Mark you mispronounced orkut (3:03)
tylerwillis 4 years ago
What's cool to me is that I had Mark as a professor at RPI. I was one of the few CS and business majors he had.
This is a much better venue than Amazon offered. Amazon gave a small development window and pretty much picked sites that are already well established and use AWS to the max. I applied after coding my web app non-stop for a month and they didn't even visit my website.
My only qualms about this competition are that you have to move to Boston and they get 25% of your company.
leec85 4 years ago
Mark - Great idea...so many of us have great ideas and need a venue to be seen.
allieagostino 4 years ago
this looks sick.. good idea mark.
JordanToes 4 years ago