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Click Here to submit an article for our blog. 
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.

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.
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Florham Park, NJ 07932 

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©2023 Morris County Chamber of Commerce  |  A 501(c)(6) nonprofit membership organization
  • JOIN
    • Become a Member
    • Premier Membership
    • Membership Inquiry
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • New Member Survey
  • About
    • Chamber Team
    • Our Mission
    • Our President
    • Board of Directors
    • Morris Business Cabinet
    • President's Circle
    • Ambassadors Council
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Business Development Forum
      • Business Strategy Exchange
      • Health & Wellness Forum
      • Human Resources Committee
      • Not For Profit Roundtable >
        • Nonprofit Donations
      • Real Estate Forum
      • Sustainability Forum
      • Tech Trends
      • Women in Business Program
      • Young Professionals Forum
      • Monthly Agenda Submission Form
    • Code of Conduct & COVID Policy
  • Membership
    • Member Benefits
    • Member to Member Deals
    • Member Exchange Online Community
    • Member Marketing Opportunities
    • Grand Opening Support
    • Conference Room Usage
    • Member Referral Bonus
    • Connect to Morris Job Bank
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • Signature Events & Programs
    • NFP Nominations 2023
    • Not For Profit Conference Scholarship App
    • Golf Committee Volunteers
    • Golf Donations 2023
    • Submit an Event Idea
  • Directory
    • Searchable Business Directory
    • Member Spotlights
    • Nonprofit Organizations >
      • Not for Profit Spotlight
    • Legal Resources >
      • Employment Law
      • Commercial Services
      • Business Representation
      • General Legal
    • Enhance Your Directory Listing
  • News & Info
    • Certificate of Origin
    • Business Resources
    • Chamber Magazines
    • News Around the Chamber >
      • Around the Chamber Archive
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • MCTV Let's Talk
    • Actionable Advice Video Library
  • Programs
    • Economic Development Corp
    • EDC Business Counseling
    • Public Policy Series
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • Leadership Morris Program
      • Leadership Morris Alumni Council
      • Renew LMAA Membership
    • Women In Business >
      • Women in Business Mastermind
      • Women in Business Executive Round Table
      • Women in Golf Program
    • Entrepreneur Round Table
    • Intern Morris >
      • Available Internships
      • Hiring An Intern?
      • Hire an MCVSD Intern
    • Thrive Morris
  • Member Portal