University of Michigan Students Pitch Us Their Startups | $5000 Prize Money (#396)

Introduction

The University of Michigan hosted an exciting pitch competition, reminiscent of a Shark Tank episode, where students showcased their entrepreneurial talents. Shaan Puri and Sam Parr were impressed by the caliber of ideas presented, noting that the students' pitches surpassed their expectations. Shaan shared his personal connection to such competitions, revealing how winning one at his university set him on the path to entrepreneurship 1.

This is the greatest thing I've ever seen. I thought this was going to be stupid. These guys Area so much better than anything we've ever done with this. They are so talented.

--- Sam Parr

The competition featured five companies, each given two minutes to pitch and five minutes for Q&A, with a $5,000 prize awaiting the winner 2.

   

Judging Criteria

Judging the competition required Shaan and Sam to weigh various factors, including the potential impact and originality of the ideas. They debated between two standout pitches, Seafare and Internet Activism, each offering unique value propositions. Sam admired Internet Activism's mission-driven approach, while Shaan saw potential in Seafare's innovative solution for the shipping industry 3.

If we put it into Internet activism, it's going to save lives. And honestly, he was of the bunch, he was the most missionary.

--- Shaan Puri

Ultimately, the decision hinged on whether to support a nonprofit with a proven track record or a startup with promising potential 4.