10 Contestants will be chosen from a larger group of Startup Applicants (no charge to register) by the Event Judging Committee (“Committee”) after the Applications have been reviewed.
Each Contestant will pitch for three minutes and will answer questions from the Committee (and from any possible audience members not affiliated with the Contestants).
Three Equity Funding Investments will be granted (these are cash investments for Equity, whether for company stock or LLC partnership units),... not notes or bonds.
1) $ 5,000 for 2% of company Equity
2) $ 3,000 for 2% of company Equity
3) $ 2,000 for 2% of company Equity
Cash amounts representing 1/3rd of the total Investment will be made at the date of completion of each of three milestones (the first being an executed investment agreement) which the Contestants will have proposed to the Committee and which the Committee will have agreed. Investment Agreement Term sheet template will be made available at apply.ventureproductsgroup.com well before the Event.
Venture Products Group is a New York metro-based organization which develops new products and business ventures.