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Also, Jon Burgstone came in second place for the HBS business plan competition with his idea for SupplierMarket and then started and sold the company for over a
by henryl 17y ago
Also, Jon Burgstone came in second place for the HBS business plan competition with his idea for SupplierMarket and then started and sold the company for over a billion dollars within a year. Now, he and his former co-founder offer a special (and larger) cash prize to other 2nd place participants of the same contest.
- manbearpig 17y agoGood point. Business plan competitions are good indicators of who can succeed in cashing out during dot-com bubbles. Essentially, you presenting a business to group of clueless individuals. If they buy your pitch, you are more likely to be able to either con a clueless internet-bubble company's board into buying your company or fool collectively clueless merchant investors into buying into your IPO.