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Q. Why do people come to pitch? A. Because everyone is doing it. No, just kidding. Well, people come to pitch at conferences to find investors, but before that materializes, pitching is a great way to fine tune one's business model from all the feedback received and there are often all sorts of business development opportunities that surface from folks with complementary business models. They get exposure on the website of the event producer for indexing in search engines. Pitching is essential to satisfy the standard question asked by investors doing due diligence: "Which events have you pitched at?" People who pitch can possibly win a title. Winning First Place always brings good PR value and injects energy into the team.
Pitchers get real feedback from real investors whom they may otherwise never reach
est member, a 44-year old Canadian who had a few nice exits from previous businesses and is now a philanthropic donor and super angel Q. How much money have you given to the investor. When I told him that I was so busy winners of ICO pitch contests? Is that the over the past two weeks since the Kyiv edimost of any conference organizers? tion and didn't get a change to ask members of A. 100 BTC in Kyiv (Sept 19) - 58 BTC out of BIC to chip in again for the prize money pool, that is my money he offered to put up $100,000 and take the to$100,000 in Gibraltar (Oct 31) kens in the top 3 winners at the pitch competi$250,000 in Davos (Nov 14) tion, which was coming up in two days. We have a guaranteed $100,000 investment pool prize for each of the next 16 editions from December until June 2018. But as each edition approaches, more and more of the 110 members of BIC decide to participate as judges and thus chip in 5-10 BTC each.
Now, what is interesting is that if you take 100 BTC + the $100,000 in BTC on the day it was sent to me and you take the $250,000 when it was sent to me and the $100,000 for each of the next two editions as we close 2017, well... you actually get $1.5 million at today's BTC value.
The reason that we did the first prize in BTC and the next two in USD is because I tried to see how the media and potential presenters react when I promote the final figure of the investment prize in BTC or in USD. A/B testing is a best practice.
So, from this point of view, d10e is no longer just a conference for finding out the latest about blockchain and ICOs, but a facilitator of investments and a PR machine for the top Pitchers can possibly win 1/3 of the investthree winners of each edition who now adverment pool prize provided by members of the tise that they have these well-known crypto Blockchain Investors Consortium (BIC) at each Actually, for the Gibraltar edition, I didn't have funds and individuals as part of their shortof our events since September, our 9th edition time to chase after investors like I did for the tail backers. This is a great stamp of approvsince 2014. Kyiv edition, so I advertised no cash prize and al and validation in the eyes of crypto retail instill had 100 apply just like when I advertised vestors. Pitchers can hopefully befriend and win the 100 BTC. hearts (and wallets) of the judges and other inQ. What does it feel like to give that monvestors at the conference and down the road At the Saturday night dinner (in Gibraltar on ey to the people who pitch? What sorts of secure an even bigger investment from them. Oct 28) for BIC's members, I met the newthings do they say to you? 13
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Published on Dec 28, 2017