HUNTINGTON, New York, April 2
BY: Andrew Wroblewski
Ever have the urge to jump into a shark tank?
No, not one willed with the man-eating variety, but of that of the idea-funding.
Pitch Night is coming back to the Huntington LaunchPad tech incubator on April 29.
“Essentially, Pitch Night is a way for me to see what’s out there in terms of new startups and early-stage companies,” Andrew Hazen, LaunchPad CEO, said. “Anyone with an idea looking for an investment or a strategic partnership is welcome.”
Inspired by ABC’s reality competition television series “Shark Tank,” Pitch Night at the LaunchPad sees a handful of startups and early-stage companies pitch their ideas to a sea of Long Island’s leading angel investors. The April Pitch Night is scheduled to include Hazen and representatives from BDS Capital Management, RSL Ventures and KPMG.
The end-goal is to have an idea heard and potentially to secure some funding to back it, Hazen said. Those backing their ideas receive seven minutes to present to the panel of 3-5 judges and then respond to a two-to-four minute long question-and-answer segment.
Offers can range from $50,000-$70,000 through LaunchPad, or even $2-3 million through the Long Island Angel Network, for which Hazen serves as a vice chair.
“There’s also the educational side to pitching,” Hazen said. “Most people just don’t pitch well and this experience helps them to practice and get feedback.”
Registration beforehand is required.
As of press time on Monday, seven of the eight slots available for startups or companies interested in pitching had been filled. For more information on how to register a startup or company visit http://www.eventbrite.com/e/pitch-night-tickets-16148702203.
Audience members are also permitted – Hazen said there are typically 20-75 people in the crowd – for a registration cost of $10. Doors are set to open at 6 p.m. on April 29, and the program is expected to conclude by 8 p.m.
Pitch Night is sponsored by Carter, DeLuca, Farrell & Schmidt LLP, TriNet, Oppenheimer and WebAir.
For those who can’t make this month’s Pitch Night, another is scheduled for May 13, also at the Huntington LaunchPad, located on Main Street in the village.
Originally published: Long Islander News: Half Hollow Hills
(Thursday, April 2, 2015; A10)