Early Stage East: 25 startups pitch at 15th year of regional showcase [VIDEO] - Technical.ly Philly

Business

Oct. 5, 2012 11:00 am

Early Stage East: 25 startups pitch at 15th year of regional showcase [VIDEO]

It wasn’t quite ABC’s “Shark Tank,” but it was as close as you could get without the cameras. Moderated by Shark Tank star and FUBU founder Daymond John, 25 companies pitched in front of a room of 120 investors, attorneys and accountants at Early Stage East‘s Club Pitch event at the Downtown Club in Washington […]
Early Stage East founder David Freschman (left) and FUBU founder Daymond John.

Early Stage East founder David Freschman (left) and FUBU founder Daymond John.

It wasn’t quite ABC’s “Shark Tank,” but it was as close as you could get without the cameras.

Moderated by Shark Tank star and FUBU founder Daymond John, 25 companies pitched in front of a room of 120 investors, attorneys and accountants at Early Stage East‘s Club Pitch event at the Downtown Club in Washington Square West yesterday. After the six-minute pitches, a panel of investors from firms like Next Stage Capital, Edison Ventures and Novitas Capital grilled the entrepreneurs. Sometimes even John joined in on the critiquing.

Many of the companies were based in Philly or its suburbs, or New York City, though some came from as far as Barcelona and Barbados.

Blackboard CEO Michael Chasen gives the Keynote Address inside the Downtown Club. Chasen pitched Blackboard at an early Club Pitch, and organizers call the company one of the event’s biggest successes.

Now in its 15th year, the annual Club Pitch aims to connect entrepreneurs with investors and service providers, like accounting and law firms, says Early Stage East organizer Patrick Foley. The event, held in Philly or Wilmington, Del., where Early Stage East is based, is sponsored by these firms. This year, law firms Pepper Hamilton and Morgan Lewis and accounting firm-to-startups Parente Beard were major sponsors.

Advertisement

The startups at the event were either recommended by one of the service providers or applied to the pitch, Foley says. Once the companies are chosen, Early Stage East team members coach the entrepreneurs through the pitching process.

While the handful of pitches we saw were pretty standard, there was one that stood out — for better or for worse (one of the investors on the panel said he was speechless). Check out the tail end of the singing pitch from Delaware-based Lorikeet Learning. The presenters hoped to demonstrate the power of their product by using it on the crowd.

-30-
BECOME A CONTRIBUTOR TO THE JOURNALISM FUND TO COMMENT
Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

14 digital performances you can still catch at 2019’s Fringe Festival

12 Philly resources for technologists and entrepreneurs of color

SPONSORED

Philly

7 biz resources we learned about at Super Meetup Philly 2019

Chesterbrook, PA

Deacom

Senior Software Developer

Apply Now

Philadelphia, PA

PromptWorks

Senior React Native Engineer

Apply Now

Philadelphia, PA

PromptWorks

Software Engineer

Apply Now

Philly’s Mini Maker Faire for local inventors and crafters returns this October

You’re invited to celebrate the Philly region’s Inc. 5000 honorees on Sept. 11

NET/WORK is coming back to the Philly ‘burbs on Oct. 10

SPONSORED

Philly

Paid family leave adds to the perks at Chariot Solutions

Philadelphia, PA

PromptWorks

Senior Software Engineer

Apply Now

Chesterrbrook, PA

Deacom

Software Quality Analyst

Apply Now

Philadelphia

Inspire

Manager, People Operations

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!