This prize is presented by Rep Matters in partnership with FACE, Groupe 3737, and Tribe Network.
The $100k Black Entrepreneurship Investment Prize is an investment from up to 10 angel investors. Our default terms are based on an industry-standard SAFE agreement (for reference, please see this standard SAFE agreement). The winning startup will sign the SAFE agreement with each of the investors individually. The investors are willing to create a voting trust, if and when the SAFE agreement converts to equity.
Think these terms shouldn’t apply to you? Need a tweak? We can discuss that. While we adopt industry standard agreements for the sake of simplicity, the judges are willing to discuss alternate terms proposed by shortlisted Startups during their meeting on Friday, July 14.
The $100k Black Entrepreneurship Investment Prize is open to any Black-led startup in attendance. For the purposes of this prize, we define a Black-led startup as a startup with the most senior member of the executive team being a Black leader.
There’s no application process, no form to fill out, and no video to prepare. You just need to register, get onsite, and be ready to wow our Black Entrepreneurship Investor Judges with a superb pitch that makes the cut.
Startups have until 5PM on Thursday, July 13th—the second day of Startupfest—to deliver their pitch. They can do so in the language of their choice, but please be aware that since Startupfest attracts investors from across the country and around the world, many of them only speak English.
How do I pitch?
Your goal over the first two days is to get at least one of the judges to shortlist your Startup:
- Judges will be roaming the Tent Village and can be found at the $100K Black Entrepreneurship prize tent. Be sure to visit the Village so you connect with as many judges as possible—after all, it just takes one judge for you to make the shortlist.
- Our judges are wearing an Investor Judge badge and a green lanyard to make them easy to identify and pitch everywhere onsite. You probably want to avoid doing it in a bathroom, but everywhere else is fair game!
What happens next?
On Friday, July 14th–the final day of Startupfest—the Judges are based exclusively in the Tent Village listening to additional pitches and calling back shortlisted Startups for a Q&A meeting.
By 4PM the Investor Judges will have selected the winner to be announced during the closing ceremonies.