KANSAS CITY, Mo., Feb. 6, 2013 (GLOBE NEWSWIRE) -- Early-stage technology accelerator and business incubator Think Big Partners has launched a new virtual demo day platform for both entrepreneurs and investors. The platform, known as PitchCastr, is not just another funding platform—it's a connection platform. PitchCastr incorporates science-based research, the flexibility to make deals anywhere at any time, a filtration process that weeds out companies outside the investor's area of interest and a standardized format that allows select entrepreneurs and investors to experience a live, virtual pitch from the comfort of their own home or office.
By establishing a PitchCastr profile, uploading a business plan and recording a seven to nine minute PitchCastr video pitch, entrepreneurs will use the virtual demo day platform to find investors that are interested in their idea. When a certain number of investors have expressed interest in the idea, that entrepreneur will be invited to hold a Live Demo Day, in which all potential investors will tune in via online video platform. The PitchCastr platform will eliminate first-time entrepreneur/investor meetings that not only take up too much time, but will also put an entrepreneur's idea in front of only those investors who are genuinely interested and able to invest.
Investors can log in to the PitchCastr platform, submit their pitch preferences and search a pre-screened selection of PitchCastr videos that they may be interested in funding. When interested, investors are invited to "Attend Demo Day" and can both watch a live feed of a pitch and partake in a question-and-answer session. The PitchCastr platform gathers insight about both a business plan and an entrepreneur, providing investors with a more robust view of potential opportunities. The virtual demo day addresses the issue of rising valuations in the middle of a capital raise.
"We created PitchCastr with the entrepreneur in mind," explains Herb Sih, co-founder and managing partner of Think Big Partners. "Between running a startup company and executing their plans at full speed, there is never enough time in the day to connect with investors, not to mention investors that are actually interested in your idea. PitchCastr is not only a simple way to get your idea out into the world, but will also be the best way to connect with investors who are interested in your idea and ready to fund it."
"In today's environment, investors are overwhelmed by entrepreneurs. There are too many business plans to look over and not enough time to go through them all," said Tyler Prochnow, co-founder of Think Big Partners. "PitchCastr will give investors insight into high quality investment opportunities from all over the world and allow them to focus only on those that are of interest to them. We created PitchCastr to establish an efficient marketplace for investors and entrepreneurs to find one another."
PitchCastr is operating as a free service during private beta. Startups, entrepreneurs and investors are invited to sign up and try PitchCastr for free during the month of February 2013. To learn more, visit www.pitchcastr.com.
About Think Big Partners
Think Big Partners is an early-stage startup accelerator and mentorship-based collaborative network located in Kansas City, Missouri. Think Big Partners has successfully launched or grown over 150 successful companies with its creation of coworking spaces (bizperc), entrepreneurial conferences (Think Big Kansas City and iKC), essential services, startup resources and funding (Think Big Ventures). To learn more about Think Big Partners, please visit www.thinkbigpartners.com.
Think Big Partners
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Source:Think Big Partners