Think you have a hot startup idea? Write it down and you could net a little funding.Bang Ventures from New York is offering $15,000 U.S. for startup CEOs to get their ideas off the ground. "You Be The VC" Candidates start by submitting applications outlining their plans for a new internet startup. These will be judged by handpicked professionals in the startup field to guarantee unbiased results and ensure that funding goes to best idea seen in the public's eye. There are no limits as to the number of ideas that CEO's can submit, just as long as they are in by the deadline of December 2007.
Voting begins March 2008, with the $15,000 prize money, temporary relocation expenses to Cambridge, MA, and living expenses being handed out upon final vote submissions. Winners of the "You Be The VC" campaign will also be able to utilize Bang Venture's support network, resources and materials.
[via killerstartups]
Reader Comments (Page 1 of 1)
9-27-2007 @ 12:40AM
Sam said...
Um, gee, how many developers can I hire with $15,000?
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9-27-2007 @ 4:12PM
Ian Smith said...
I can't see this tracking many high quality founders. But then again, American Idol wasn't that high quality the first season as no one knew what it was. Still, if someone has a great idea and only needs $15,000 to launch it I suspect they could raise that, launch without it, or take out a loan before this type of thing would be worth the effort and distraction.
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