In recent years, Crown Heights has experienced a flourishing of entrepreneurial growth and innovation. Young members of the community have spread their wings, bringing new and exciting businesses to the world.
Last week, five young entrepreneurs had the chance to pitch their startups before a panel of seasoned business leaders and VCs. The event, Fund It, was a project of Crown Heights Young Entrepreneurs. Some  men and women gathered in United Lubavitcher Yeshiva’s hall for the event,
According to Rabbi Yehoshua Werde, Director of CHYE, "We are making this event to generate opportunity in our community by giving participants the funds and guidance needed to succeed, create a forum for the public to hear the wisdom and insight of these investors, and advocate for entrepreneurship as a career path that our community can follow."
Team leaders from startups ParQ, Chabad CRM, TheGoodapp and Courseloads each had a chance to go over their pitch deck with investors David Schottenstein, Zalmi Duchman,Shmuel Gniwisch, Daniel Wolfson, Eli Nash and John Ason.
Schottenstein, one half of the investment firm Surfside Angels, was impressed by this year’s offerings.
“I had a chance to take part last year,” Schottenstein said, “and I wanted a chance to return to help share some of my experience as a source of help and inspiration.”
“I’m glad I did,” Schottenstein continued. “This year, the pitches were above and beyond what we had previous seen in terms of originality and innovation.”
Tensions ran high as the entrepreneurs rushed to share their ideas against the ticking clock. During a communal voting period, with votes coming in neck and neck, ultimately Chabad CRM, a customer relationship management tool, proved to be the crowd favorite, scoring a $500 dollar cash prize for their Business along with a Bicycle sponsored by Brooklyn Bike Shop.
Founder Leib Ezagui credits “a thirst for hard work and success” as the motivating factor behind his startup’s growth. After finding out about Fund It on Facebook, he was able to hone his pitch for the big event.
His advice to future entrepreneurs, “Be aggressive and passionate about your idea. People, even investors, will tell you to change your product and friends and family might try to put your idea down. Listen and learn from everyone but if you feel strongly about something, stick to it!”
Sponsors for Fund It were:
- LTB Business Summit https://ltbsummit.com/
- “Brands” Better Clothing store
- Mendy Glick Accountant http://getyourtaxreturns.com/
- Brooklyn Sports Shop http://chcycles.com/
- Essel Eyewear http://www.esseleyewear.com/
- Abba Realty http://abbarealestate.com/
For additional information about Fund It and other projects of CHYE: CHYE.info