Seed funding was meant to enable innovators to build and prove out their solution in the marketplace, but with the increasing size of seed rounds (often $1.5M or more), investor’s expectations have also swelled. What was an exceedingly difficult task in the past has only gotten more challenging, and startup founders need to work harder to distinguish their business from a multitude of other promising companies.
We are excited to announce our weekly Twitter pitch competition aimed at helping startup entrepreneurs from all over the world to promote their ideas.
The competition will run weekly until June, and we will pick and announce the winner every week on Friday at noon Pacific Standard Time. The winner will get a $50 cash prize (minus any transfer fees). All entries made before 10AM PST on Friday will be included in the current week, and any entries after that time will be batched with the following week’s pitches.
The format for submitting your pitch is simple. First, articulate your idea. If you wish, you can also write why your idea is important. Second, mention Beta Boom using @gobetaboom. Third, add #startup #pitch as hashtags. Here is an example:
A mobile-based marketplace for universities and large institutions, so people can sell and trade their used stuff with people they trust rather than creepy, unreliable strangers.
@gobetaboom #startup #pitch
We also encourage you to apply to our summer startup accelerator program that will be taking place in the beautiful Salt Lake City area. More information below.