Tonight s Goals. Meet the People here to help you. Explain the Competition About Our Benefactor: Chris Burch

Transcription

1 Welcome!

2 Tonight s Goals Explain the Competition About Our Benefactor: Chris Burch Meet the People here to help you Answer Questions Meet Other Participant / Start Building Teams Pizza!

3 Chris Burch 76 Eagle s Eye Apparel Founded while IC Student. Sold for $60M Tory Burch Founder & CEO Now valued at over $1B Founder: C-Wonder, Poppin, Monika Chiang Investor: Jawbone, Power Mat, Voss Water, 5 Below, Skull Candy, others

4 Coaches Tom Schryver (mobile) Brad Treat (mobile)

5 Coaches Heather Lane (Purity) Office Hours: 3-6pm Thursdays Robert Ellis

6 Marketing & Logistics Megan Harrison

7 Competition Format 12 Finalists Everyone invited to present at Semifinals! 3 Tracks (subject to change) Sustainability High growth International Business Business idea pitch: 4 minutes Presentation 4 minutes Q&A Semifinals judging panel to narrow field to finalists Final judging by distinguished panel

8 Fall Timeline September October November Generating great ideas Qualify ideas Forming teams Refine ideas Gather data Build and practice pitches Semi-finals Finalists refine & incorporate feedback Finals

9 Prizes Track 1 Track 2 Track 3 1 st Place $1,000 2 nd Place $750 3 rd Place $500 4 th Place $250 1 st Place $1,000 2 nd Place $750 3 rd Place $500 4 th Place $250 1 st Place $1,000 2 nd Place $750 3 rd Place $500 4 th Place $250

10 Rules: Who can Participate? Open to all current Ithaca College students No entry fee An idea can be submitted by an individual or a team, but all team members must be current Ithaca College students Only one entry per team A person can only be on one team

11 Rules - Events Weekly events are optional, but attendance is highly encouraged (Free pizza!) All finalists to be selected from the preliminary rounds November 7 th & 8 th, so you must be present at that round One-on-One Practice and Coaching required for all finalists to participate in the Final Round

12 Rules - Presentations 4 minute presentation of your idea 4 minutes of questions from judges A/V, Powerpoint allowed, but not required Business formal attire for Finals Not all team members required to speak during presentation

13 Sessions Topics 1. Program intro 2. How do you brainstorm? 3. How do you narrow the field & qualify an idea? 4. How to validate an idea with data and customers? 5. How do you state your idea succinctly and structure a pitch? 6. How do you identify key weak points to address & address them? 7. How do you pitch an idea? 8. How do you refine your pitch after getting feedback?

14 Where to Go for Info

15 Spring Events & Classes Ithaca College Business Plan Competition Big event Bigger prizes Investors invited to attend MGMT Practical Entrepreneurship Write You Business Plan Create and Deliver Your Investor Presentation Meet Experienced Entrepreneurs Launch! New York State Business Plan Competition

16 Companies Launched from the Ithaca College Business Idea Competition

17 $5,000 CenterState CEO Student Business Idea

18 $2,500 at NY State Business Plan Comp $60,000 Angel Investors Term Sheet

19 What If I Don t Have an Idea? Look around you in a different way Keep an open mind Team up! Attend these events

20 What Makes A Good Pitch? What do you do? In language my mother would understand Why is this business better? So know your competitors Why will this business be successful? What problem are you solving? How big is the opportunity? How do you solve the problem better than any other company?

21 Questions?

22 Open Mic Have an idea and need team members? Want to join a team? Want to ask what the group thinks of an idea?