Morris County Chamber of Commerce
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MCCC
       Blog

Pitch NJ – a “Shark Tank” for Teens

6/1/2019

 
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As sharks go, ours were more admiring than predatory.

Morris Tech Meetup, MCEDC and high-school-student-run Business Bootcamp hosted a pitch competition for aspiring entrepreneurs …. in their teen years. Start-up culture fits perfectly with Morris County’s youth culture – the excitement of presenting a creative idea with the courage to risk failure.  The pitch roster was whittled down to ten (10) teams of 2 – 4 students.

The Keynote Address

Ari Sorken, former CFO of Bai Brands, was both personable and generous with his time.  As a keynote speaker, he was informal and revealing about his company’s approach.  Bai decided they were aiming for the Conscious Authentic.  This was not an existing market segment.  Bai invented a market segment along with their brand.


Ari Soroken has been able to grow his hair now that he’s a Princeton millionaire. Ari taught that successful companies are bought, not sold.  A company should never be for sale. Bai formed a strong culture; one that snubbed its’ nose at the big soda companies.  Yet they were still was able to get distribution and to sell the company (to Dr. Pepper) for a record sum.

 The Competition

The competition format allowed 5 min to explain invention, the market size, the problem solved, and market differentiation.  Then 5 min for questions and feedback from the judges.

All contestants were confident, practiced and prepared.  Many entries had an emotional pull.  The biggest mistake made was being too technical – a common problem for inventors.

The Big Winner

Won $1000, the big check and a trophy.  Also, consulting services regarding their future in business.   Their time with Macrosoft’s executive leadership is a prize to be coveted.

Next year, MCECC will aim to get more sponsors so that 2nd and 3rd place winners can go home with a financial prize.

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    Please Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.

About Us   |   Become a Member​   |   Event Calendar   |   Member Directory   |   Member Login   |   Blog

​Morris County Chamber of Commerce
325 Columbia Turnpike - Suite 101
​​Florham Park, NJ 07932               (MAP)
973.539.3882
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Our Mission: The Morris County Chamber of Commerce collaboratively advances the interests of its members to champion a thriving business and community environment.

Our Vision: Creating member experiences that foster exceptional business success and quality of life.
  • About Us
    • Contact Us
    • Our Team
    • Our Mission
    • Morris Business Cabinet
    • Board of Directors
    • Forums & Committees >
      • Committee Chair and Vice Chair Application
      • Ambassadors Council
      • Business Development Forum
      • Entrepreneur Roundtable
      • Government Affairs
      • Health & Wellness Forum
      • Human Resource Committee
      • Not For Profit Roundtable >
        • 2019 NFP Nominations
      • Sustainability Forum
      • Tech Talk Forum
      • Women in Business Program
      • Young Professionals Forum
  • Member Benefits
    • Become a Member
    • The Value of Membership >
      • Grow Your Business
      • Brand Building >
        • NFP Small Business Spotlight
        • Social Media Ad
        • Newsletter Placement
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach
    • Member to Member Discounts
    • Job Bank
    • Grand Openings & Ribbon Cutting Ceremonies
  • Events
    • Chamber Event Calendar
    • Member Event Calendar
    • Orientation for Prospective Members
    • Speaker Application
  • Our Members
    • Member Login
    • Searchable Business Directory
    • Professional Services >
      • Accounting, Auditing and Related Services
      • Advertising, Marketing and Related Services
      • Aerospace & Defense
      • Attorneys and Legal Services
      • Architectural, Engineering and Surveying Services
      • Banking and Financial Services
      • Business Consulting and Professional Services
    • Retail, Restaurants, & Service Providers >
      • Arts & Entertainment
      • Auto / Trucks
      • Catering & Food Products
      • Child Care & Day Care
      • Cleaning Services
      • Contractors
      • Decorating & Organizing Services
      • Environmental Services & Recycling
      • Event Planning
      • Farm & Agriculture
      • Fitness & Wellness
      • Health Care
      • Home & Garden
      • Hotels & Conference Centers
      • Moving & Storage
      • Personal Development & Coaching
      • Pet Care
      • Photography & Video Services
      • Restaurants & Bars
      • Retail Stores
      • Salons, Spas & Barber Shops
      • Senior Care & Related Services
      • Shipping & Delivery
      • Travel & Leisure
    • Higher Education Partners
  • Media
    • Business Edge Magazine
    • Social Media
    • Blog
    • Submit a Blog Idea
  • Programs
    • Ask The Expert
    • Economic Development Corp.
    • Mentor Morris
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • 2019 Leadership Program
      • Leadership Morris Alumni Council