Set against the backdrop of New York City, a place synonymous with bustling traffic and constant business chatter, this concept takes a unique twist: startup founders will present their ideas to an investor while riding in an SUV.
At the conclusion of each pitch, following traditional norms, the investor communicates their decision to the founder. They'll either express their interest in investing in the company or, conversely, provide reasons for their lack of interest.
Regardless of securing investment, founders retain eligibility for a monetary prize sponsored by an external entity. The investor exercising their discretion, select the recipient of this prize. Upon the completion of all pitches, the selected founder will be notified and subsequently picked up by the SUV to personally receive the financial award from the investor.
Getting an opportunity to sit face-to-face with seasoned investors allows entrepreneurs to showcase not only their business metrics but also who they are and the essence of their company. This personal interaction can significantly boost the likelihood of securing investment.
If the saying holds true that investors first back the individual and then the business, then The Blind Pitch offers the perfect setting for investors to connect with founders on a deeper, more personal level.
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