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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.

Comments are closed.

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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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©2022 Morris County Chamber of Commerce  |  A 501(c)(6) nonprofit membership organization  |  Site Map
  • About
    • Chamber Team
    • Our Mission
    • About Our President
    • Morris Business Cabinet
    • Board of Directors
    • Ambassadors Council
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Business Development Forum
      • Business Strategy & Tactics Forum
      • Environmental & Sustainability Forum
      • Government Affairs
      • Health & Wellness Forum
      • Hispanic & Diversity Business Forum
      • Human Resources Committee
      • Not For Profit Roundtable >
        • 2021 NFP Excellence Award Honorees
        • Nonprofit Donations
        • Not For Profit Conference Scholarship App
      • Tech Talk Forum
      • Women in Business Program
      • Young Professionals Forum
    • Staff Forms - Internal Use Only
  • Membership
    • Join the Morris Chamber
    • Retail Restaurant Membership
    • Member Benefits
    • New Member Survey
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • Mobile App
    • Member to Member Deals
    • Healthcare Solutions
    • Member Marketing Opportunities
    • Enhance Your Directory Listing
    • Member Referral Bonus
    • Connect to Morris Job Bank
    • Grand Opening Support
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • COVID-19 Safety
    • Signature Events & Programs
    • Leaders in Business Nominations 2022
    • Golf Donations 2022
    • Submit an Event Idea
  • Directory
    • Searchable Business Directory
    • Nonprofit Organizations >
      • Not for Profit Spotlight
  • News & Info
    • Member Exchange Online Community
    • Chamber Magazines
    • Business Resources
    • Legal Resources >
      • Employment Law
      • Commercial Services
      • Business Representation
      • General Legal
    • News Around the Chamber >
      • Around the Chamber Archive
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • Discover Morris County
    • Morris County Board of Commissioners
  • Programs
    • Economic Development Corp.
    • EDC Business Counseling
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • Leadership Morris Program
      • Leadership Morris Alumni Council
      • Renew LMAA Membership
    • Executive Council Program
    • Women In Business >
      • Women in Business Mastermind
      • Women in Business Executive Round Table
      • Women in Golf Program
    • Morris Chamber Toastmasters
    • Entrepreneur Roundtable
    • Thrive Morris
    • Work-Based Learning Internship Program
  • MCTV
    • MCCC On-Demand
    • MCTV Let's Talk
    • Actionable Advice Video Library
    • Member Spotlights
  • Member Login