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News and Information Article
Pitching Across America(TM) Launches, FundingPosts Third Annual Largest
Venture Capital Competition Ever
NEW YORK, June 1 // -- FundingPost
(http://www.FundingPost.com/) proudly announced the start of its third
annual Pitching Across America(TM) competition today, sponsored by PR
Newswire. FundingPost, which has been introducing entrepreneurs to
investors for over 5 years, established the competition in 2004. In the
past two years, more than 200 Venture Capital Funds and Angel Investors
have participated as judges, voting on over 700 business summaries from
emerging companies nationwide. They have been the largest Venture Capital
competitions ever organized. The Pitching Across America competition not
only showcases emerging companies to investors, but helps Venture Capital
and Angel Investors quickly identify worthwhile investment opportunities.
Many of the judges request additional information and meetings with the
participating companies. FundingPost expects to duplicate its success from
previous Pitching Across America events again this year.
The emerging companies executive summaries will be evaluated on a
scale of 1 to 10. Judging criteria consisted of several key points
including: the professionalism of the written summary, current stage of
development (customers, revenue), competitive advantage and need in the
marketplace, feasibility for success, and whether the company is
"VentureWorthy(TM)."
"We are proud to be sponsoring Pitching Across America again this year.
The level of interest from both the Venture and Angel communities and the
entrepreneurs who participated in Pitching Across America(TM) in previous
years has been tremendous," said Joe Rubin, Director, FundingPost.
"Everyone who participates really sees the value in the competition. We
expect to find another 50 compelling companies this year."
The 2005 National Winner of Pitching Across America was CFN Services,
Inc., a Virginia-based telecommunications infrastructure services company.
The 2004 National Winner of Pitching Across America was Remote Play, Inc.,
a provider of innovative RFID-Command & Control and RFID-Distance
Estimation wireless technology. Both the 2004 and 2005 winners have raised
capital since the competition. The Pitching Across America competition has
also received praise from its investors/judges. Of the 2004 competition,
Bill Funcannon, Partner, OVP Venture Partners, said, "FundingPosts latest
Pitching Across America event was stellar. As a judge representing the
top-tier fund in the Pacific Northwest, I was impressed by the 50 companies
selected from a list of more than 400 entries. The start-ups chosen for the
final round represented a real balance of companies between earlier- and
later-stage investing. There is a natural mix of winners from industry
segments based on market opportunities, and a balance between risk and
reward for venture capitalists and entrepreneurs alike."
"The FundingPost competition provided an efficient vehicle in which a
busy VC could quickly evaluate many investment opportunities," said Daniel
Penberthy, Rand Capital. "Much has been said about entrepreneurs always
having their elevator speech ready. Well, this is the elevator of today
and entrepreneurs need to be able to summarize their business opportunity
in a few paragraphs instead of minutes, if they are to be successful in
todays fundraising environment."
ABOUT FUNDINGPOST:
FundingPost is an entrepreneur and investor network reaching more than
80,000 executives and 6,000 Venture Capital and Angel Investors across the
nation each month.
For over five years, FundingPost has worked with thousands of Angel and
Venture Capital Investors and Entrepreneurs. FundingPost has hosted over
5,000 CEOs and 600 Venture Funds at events in 15 cities nationwide, as well
as providing a quarterly Dealflow magazine and a deal-exchange Website that
has, on average, seen an introduction of an Investor to an Entrepreneur
every business day since its inception. FundingPosts mission is to reach
investors and entrepreneurs in every medium possible -- both online and
offline, and it is experiencing strong growth as the venture capital
markets continue to improve worldwide. For more information:
http://www.FundingPost.com
ABOUT PR NEWSWIRE:
Now in its 51st year, PR Newswire Association LLC
(http://www.prnewswire.com) provides electronic distribution, targeting,
measurement, translation and broadcast services on behalf of some 40,000
corporate, government, association, labour, non-profit, and other customers
worldwide. Using PR Newswire, these organizations reach a variety of
critical audiences including the news media, the investment community,
government decision-makers, and the general public with their
up-to-the-minute, full-text news developments.
Established in 1954, PR Newswire has offices in 11 countries and
routinely sends its customers news to outlets in 135 countries and in 30
languages. Utilizing the latest in communications technology, PR Newswire
content is considered a mainstay among news reporters, investors and
individuals who seek breaking news from the source.
PR Newswires leading services include Disclose, ProfNet Experts(SM),
eWatch(TM), MEDIAtlas(TM), NewsPrompt(TM), Search Engine Visibility (SEV)
and MultiVu(TM). PR Newswire is a subsidiary of United Business Media plc
of London.
Contact:
Aren Cohen
FundingPost
(800) 461-5509
press@FundingPost.com
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