Three Loudoun companies pitch at AOL’s Tech Buzz
Tech Buzz, which started in 2011, is a series of start-up presentations that allow company owners to pitch their ideas to investors while receiving feedback and guidance.
Mid-Atlantic Venture Association, a private capital investment association which attempts to connect innovative companies with private capital partners, suppliers and key advisers, hosted the event.
Julia Spicer, executive director of MAVA, began the proceedings by explaining that of the 200 applicants in the pool, 20 of which were chosen to pitch.
Each of the 20 companies was split into one of two groups and had four minutes to make their pitch.
Event organizers wanted to keep the program from going all evening, and a four minute time limit forced the startups to boil down their business quickly.
Eugene Evans, co-founder of GoPop.tv, one of the Loudoun companies that presented said, "Four minutes is nerve-racking for anybody."
The three Loudoun-based businesses pitching their companies at the event were Dulles-based ADR Software, Leesburg-based GoPop.tv and Ashburn-based Threat Quotient.
ADR software works by attempting to track labor and workforce efficiency within the construction industry.
GoPop.tv is an application that allows users to interact with friends about their favorite shows.
Threat Quotient is a cybersecurity company that hopes to detect and help diagnose the largest Internet security threats and the origin of those threats.
An investor panel made up of Gil Beyda, Randy Domolky, Brida Jedejan and Todd Klein, four industry professionals, venture capitalists and strategists gave quick feedback following the pitches.
Spicer asked each of the panel members to name the top company in three different categories.
ADR Software got one vote from the panel for the company with the largest addressable market.
Two votes were given to GoPop.tv for the company with the strongest collective team experience.
"I think it went well. The response I got was great," said Evans.
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