Ed-Tech Start-Ups Pitch Venture Capitalists in Business Competition
Educause held its first business competition. Leaders of 10 education-technology start-ups had eight minutes each to pitch their business plans in front of an audience, get grilled by a panel of venture capitalists, and then face a popular vote online. The big prize: marketing help from Educause and Google.
The grand prize went to a Delaware company called USEED, which helps colleges run unusual fund-raising campaigns that take a page from Kickstarter, the popular crowd-funding site where strangers are asked to vote en masse to support projects.
USEED has been around for only a few months, and so far its only client is the University of Delaware, which most of the company’s founders attended. At Delaware, several student groups used the service to post information about their projects and a button where users could contribute money. It’s an alternative to simply asking alumni to donate to a main college fund that the institution can spend on whatever it wants.