News Summary

• Pitch fests happen almost every week somewhere in the US.
• They happen in primary schools, high schools, institutions of higher learning, incubators and accelerators.
• I have participated on both sides of the check, as both pitcher and catcher (judge) and have always found the format wanting.
• The whole notion of writing a business plan v a business model canvas has been called into question given the reality that no battle plan survives the first shot.
• I think it is time to rethink these events, and, it seems, so do some investors who are moving towards data-driven investing.