How Shark Tank Is Changing Angel Investing

How Shark Tank Is Changing Angel Investing
Business
Like Us On Facebook
Like Us On Facebook

Want to get an angel investor to pony up money for your startup? Better be ready with a snappy pitch that can beat the competition. Thanks to the popularity of the ABC reality show Shark Tank, more and more entrepreneurs are finding that angel investors are open to hearing their pitch if they present it in a quick, contest-style format.

Sure, there are still plenty of angel connections happening from networking and pitching individual investors. But the opportunities to get in front of an angel without an introduction at a competition are growing.

How does pitching an angel panel work outside of Hollywood? Here’s a look at the setup for a couple of upcoming Shark Tank-style angel pitching non-televised events happening around the country:

Guppy Tank  This southern California competition is billed as “Shark Tank without the cameras and drama.” Candidates are encouraged to submit online applications and then the finalists will present their ideas to an investor panel on Oct. 25.

The angel team has $500,000 in funding that it will award in the form of equity investments and loans to between two and ten area startups. Sponsor Super G Funding, which operates the business-loan site BizCash, is facilitating the funding.

The angels who will judge haven’t been announced. Applications are being accepted through Oct.15, and this one’s only open to businesses based in the region that are already operating, but need capital to grow.

Shark Tank at FutureM- Also on Oct. 25, $100,000 is up for grabs at a Shark Tank-style pitch event at the FutureM (the M is for marketing) conference in Boston. Funding will be provided byBoston Seed Capital, Atlas Venture, Hubspot co-founder Dharmesh Shah and an anonymous investor.

Making the funding decisions are a shark panel including Katie Rae who manages TechStars’ Boston incubator program, another TechStars mentor, Mike Troiano, Atlas Vdenture’s Fred Destin, and Boston Seed’s Peter Blacklow. This one’s hosted by angel investor Dave Balter of the incubator BzzAgent.

These local versions of a Shark Tank pitch challenge may not have the cameras or offer the huge exposure of being on a national TV show, but they do offer some capital and exposure to a group of angels.

For some startups looking for growth capital, scoring at a local event may be the next best thing.

via Entrepreneur | Elite.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Julian Sonny

From the sandy beaches of Hawaii, to the streets of New York: Julian has seen it all. His lifetime of travels has given him a broad scope of knowledge and an eclectic taste unlike any other in the tri-state area. Julian has often been compared to cultural icon, The Rock, because of his unequivocal work ethic and warrior-like stature.

More In Business

News Sean Levinson

Even Tobacco Companies Are Telling Employees To Not Smoke Cigarettes

The second-largest cigarette maker in the country has finally caved to health concerns and will begin to prohibit smoking in its offices. The Washington Post reports that Reynolds American Inc., makers of Camel, Kool and Pall Mall cigarettes, will not allow the use of cigarettes, cigars or pipes in its hallways and elevators as of […]

News Kirsten Chen

Why Isn’t Personal Finance A Mandatory Class?

There I sat, feeling intelligent. It was the very first day of my summer internship with IBM. Careful to not make any face-palm faux pas, I wore a conservative black suit and brought my own pen and pad. I exerted effort to stifle my yawns, resisted the urge to check my phone and actually paid attention […]

Also On Elite

Food

KFC Korea Is Taking Its Infamous Double Down To A Whole New Level (Photo)

KFC is looking to take its heart attack-inducing Double Down sandwich to all new heights. And we’re not sure how we feel about it. Is it really necessary to create a Double Down with a burger patty sandwiched right in the middle?! KFC Korea is responsible for this monstrosity called the Zinger Double Down King. If you’re […]

Humor

No, That Photo Of A Menu From A London Brothel In 1912 Isn’t Real

The Internet has the short-term memory of a severely concussed 2-year-old, which means that it falls in love with things it fell in love with just months before. It’s like “50 First Dates” if Drew Barrymore watched fail compilations when she woke up every day. This picture was posted on Reddit in 2010. While it’s […]

World

There Was A Woman Who Slept With Nazis To Give Them STDs During WWII

A Czech community has chosen to honor the memory of a WWII-era nurse who had sex with injured Nazi soldiers in order to give them STDs. The woman, whose name has been lost to time, was assigned to care for German soldiers in the southern town of Trebon, just after Germany annexed Czechoslovakia. Legend has […]

World

Orca Whales Can Actually Learn How To Speak Dolphin By Living With Them

Scientists researching the vocal learning skills of orcas discovered that those living with dolphins actually learn to speak their language. Past studies have shown that whales are capable of speaking different dialects, learning to sound more like whales from other areas. Researchers hypothesized that orcas could probably even learn to speak like dolphins if they […]