Competitions

27 Mar

According to a 2009 article in the NY Times, there were 50 universities and colleges across America hosting business plan competitions. “Corporations, nonprofits and government economic development offices,” also host business plan competitions. Some offer prize money and others don’t. The startup, WatchOut, gained considerable success after winning a competition with a non-monetary prize. The contest helped them secure a deal with an angel investor. According to Guy Kawasaki, an angel investor is any wealthy individual who can provide funding. An angel investor contrasts from professional and venture capitalist investors. There is always hope for making your dream business reality.

– John Hyland

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