DreamIt Demo Day 2010: And the winner for best company is…
DreamIt Partner Steve Welch introduces Mind Snacks
This was no ordinary graduation.
Their summer over, the 14 companies incubated in DreamIt Ventures no longer have the luxury of seed money, free office space and daily mentorship and must now strike out on their own. Despite the celebratory nature of Demo Day, the work of the 2010 Dreamit Ventures graduates has only just begun (read more about each company in our three-part Demo Day Preview series).
But first, each company was given seven minutes to present its business models, team and funding needs to a packed house of investors, entrepreneurs, lawyers and others with the hopes of netting investment, more customers or advisers. Each company then fielded a small number of questions before handing the microphone over to the company next in line, making the presentations move like DreamIt itself: quickly and efficiently .
A chart detailing which DreamIt companies are at revenue (click to enlarge)
If there is a theme to DreamIt’s class of 2010, it’s the use of social media to add transparency to industries that badly need it. Giveloop adds accountability to donations, Vozeeme helps truckers fulfill inventory through an open bidding process and Easel uses the web to connect tutors to students, to name a few.
But with 14 companies, it can be tough to keep track of all of the presentations. So, as per tradition, Technically Philly has a few awards to hand out. After the jump, see who had the face the toughest crowd, which company necessitated ”your mom” jokes and, of course, our pick for best company.
Over the past two days, we’ve previewed five of the fourteen DreamIt companies in detail as a preview to the incubator’s Demo Day event on August 11th.
