Ray Scherr Business Plan Competition: The Wrap-Up

Last month, we finished up the Ray Scherr Business Plan Competition. The Ray Scherr Business Plan competition is put on with the help of SIFE, Cal Poly, and Ray Scherr, the founder of Guitar Center.  The cash pot was $10,000, divvied up among 3 winners. We were stoked to be among the finalists, and had a great time at the last pitch session.  I wish I’d taken pictures or video, but we were so amped we forgot to.  We ended up not making it to the last round, but I got to stick around and see who won.  The winners were as follows:

1st Place: Brian Riley and Andrew Ouellet with an anti-lock brake for bicycles. Brilliant use of mechanical power.

Community Winner: Santasti, with their excellent palate-cleansing beverage.  These guys gave an incredible pitch. Very inspiring. You can buy packs online now on their site.

3rd Place: Grindz, a chewing tobacco substitute.

A big thanks to Chris McCann and SIFE for their help in putting this competition together.  I got to meet some really cool people, and we had a lot of fun putting our prototype and pitch together.