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 Kevin Smith

Empire: Facebook Is Now Worth More Than Coca-Cola, Bank Of America And AT&T

Facebook is worth a lot of money. In fact, Facebook is worth a lot more money than companies that have been around for decades. Quartz reports that Facebook is more valuable than, “Coca-Cola, Disney, Intel, Merck, AT&T, Citigroup, Bank of America and Amazon.com.” Just last week Facebook announced its Q2 2014 earnings and the social network […]

News Zoe Zorka

5 Reasons Not To Give Up On Apple, Despite Its Recent Stock Dip

With the Tuesday release of Apple’s so-so quarterly financial results, the Internet was quick to speculate that this might be the end of an era. Ever since Steve Jobs’ retirement and passing, many wondered whether or not Tim Cook would live up to the high innovation bar that Jobs had set. Since Cook took over […]

News Alexia LaFata

Eating Well: Restaurant Chain CEOs Are Getting Paid Insane Amounts

Some of the CEOs of your favorite food moguls, including Starbucks, McDonald’s, the Cheesecake Factory and Chipotle, make more money in half a day than their employees make in a whole year. A recent report by the Economy Policy Institute reveals the millions upon millions of dollars that dozens of CEOs make per year, with the Starbucks […]

News Rolling Stone

5 Shocking Similarities Between Higher Education And The Prison Industry

American universities do a fine job of selling themselves as pathways to opportunity and knowledge. But follow the traffic of money and policies through these academic institutions and you’ll often wind up at the barbed wire gates of Corrections Corporation of America (CCA) and GEO Group, the two largest private prison operators in the United […]

Also On Elite

World

Hiccups Are Really Annoying Unless Adorable Puppies Have Them (Video)

This video compilation of a bunch of small puppies is definitely cute by itself, but add some unstoppable hiccups and it reaches a whole new level of cute. Hiccuping is one of the more annoying mysteries of the universe, but these furry friends somehow make it look adorable. If you filmed a bunch of humans […]

Life

Why College Is About Finding Yourself, Not Your Prince Charming

Why are you going to college? For your MRS Degree? A friend once asked me this, and while most girls may laugh at the comment, or even agree, I found it to be out of line for several reasons. Going off to college expands your mind and paves the way to your future. While many of […]