The 6th Annual Business Plan Competition
June 9, 2011:
The 6th Annual Business Plan Competition, hosted by the Entrepreneurship Society, was a big success! Students, faculty, family and friends came to watch four teams compete in the final competition, which was judged by Gary Kremen, founder of Match.com and Clean Power Finance; John Lee, Director of the Entrepreneur Services Group at Silicon Valley Bank; and Diane Toale, founder of California T-Shirt Company.
Richard Lee, a junior from South Korea, won first place and $1,000. We can't divulge too many details because his Internet company is still in "stealth" mode, but we can confirm that he is discussing series "A" financing with several local venture capital firms. Good luck, Richard!
Sara Simonsen and Joey Swink, two freshmen from Hawaii, won second place and $800. Their company, Digital Marine Dreams, will provide underwater photography services for marine based tourism. In third place were Pasquale Giannotta and Cody DeNoyelles. They won $600 with College Dropouts, a company that will rent appliances and entertainment "essentials" to college students. (Note: The judges unanimously agreed that that the name should be changed!)
Finally, Hotspot, an entertainment venue for 18-32 year olds proposed by Scott Haneberg and Estevan Marquez, earned fourth place and $400. Professor Leslie Williams, faculty advisor to the Entrepreneurship Society and Director of the Center for Entrepreneurship, said "the business plans and presentations were so thorough and well-done. The faculty and I are super proud of these students."