The Big One
A breakdown on the day’s biggest Inno story.
Kieran: Have you ever been watching an episode of "Shark Tank" and thought, I'd definitely invest in that company? Well, what if those were local companies pitching on your screen, and with a couple clicks you could send them some capital?
Enter Street Pitch, an event by Street Entrepreneurs that will bring together founders from D.C., Maryland and Virginia for its first-ever live competition.
Hosted by Brandon Andrews, the competition will feature seven entrepreneurs on the night of Nov. 27. They'll pitch to a panel of judges and investors, but here's the twist: Street Pitch will be streamed live, and viewers can invest directly in the startups via equity crowdfunding campaigns, product purchases or in-kind contributions.
"The people are the sharks and they’re voting with money," Street Entrepreneurs founder Juliana Cardona Mejia said.
The organization launched three years ago to supply entrepreneurship resources to people that are homeless or unemployed. It has since put 385 people through its 32-session, pay-what-you-can workshop program that covers design thinking, leadership, customer acquisition, business planning and access to capital.
The seven presenting entrepreneurs at Street Pitch were selected from among Street Entrepreneurs members, and their businesses range from catering and hot sauce to a gig platform for stylists.
You can check out more about the event, including how to participate, here.