Crowd-sourced, collaborative venture capitalist firm VenCorps, in conjunction with Kauffman Foundation, is currently running PitchU, an online elevator pitch competition that gives away US$5000 cash to the best video pitch every month.
Contestants basically upload a two-minute elevator pitch video to YouTube – they’ll get feedback from VenCorps‘ panel of judges, as well as members of the startup community. Monthly winners walk away with the cash without any catch – no equity is expected. The best-of-the-best will be invited to the VenCorps community for a chance at winning a further US$25,000 investment.
VenCorps will also be travelling across the United States to promote PitchU and offer entrepreneurs the chance to pitch for their competition in person through its partnership with Startup Weekend. You can check them out in New York, Boston, Tampa, Las Vegas, Chicago, and Los Angeles.