It seems like everybody has a startup these days. With so many companies vying for attention and investment, getting a meeting with a VC can be tough. To that end, startup discovery site Beta List has partnered with a well-known venture capital firm to give create a new opportunity for that all important face-to-face pitch.
BV Capital and its European counterpart eVenture Capital has previously made early-stage investments in companies like Groupon, Delicious, Sonos and Shopping.com. Now startups that submit themselves to Beta List have a chance to get a meeting with the firms.
One startup per week for the next four weeks will get a meeting. “We let the community decide which startups are the most promising,” explains Beta List founder Marc Köhlbrugge. Early adopters are being encouraged to support their favourite startup ideas, helping to decide which ones get to pitch. “The more buzz a startup creates, the higher the chances it gets picked. Metrics we look at include amount of retweets, click-throughs, pageviews and bookmarks.”
Whether or not you agree that contests like this that hinge on buzz are a good way for VCs to decide which companies they meet, there’s no denying that it’s a great opportunity for startups to pitch to a potential investor. Founders looking for early stage funding can apply by submitting their startup.