HomeUSAAlleyCorp Announces $1M Pitch Competition For Underrepresented Founders

AlleyCorp Announces $1M Pitch Competition For Underrepresented Founders

AlleyCorp, a New York-based venture capital firm, announced its inaugural pitch competition, Peerless, to support and elevate early-stage founders.

In partnership with Management Leadership for Tomorrow (MLT), a national nonprofit focused on enhancing opportunities for high-achieving individuals from underrepresented communities, Black, Latine, and Native American, the competition will aim to support early-stage founders from backgrounds that have been historically underfunded.

The grand prize winner will receive an investment of $1 million via an uncapped convertible note at a 20% discount, in addition to support from a network of partners that include Harlem Capital, BBGV, VamosVentures, Human Ventures, AWS Startups, and New York City Economic Development Corporation’s Venture Access Alliance. The winner will also receive talent recruitment support as they scale, ongoing mentorship and coaching, access to industry networking events, and membership to Tech:NYC.

Submissions open today and can be accessed at peerlesspitch.com. In the coming weeks, selected nominees will be invited to engage in virtual pitch and networking events throughout the spring, with the final pitch and winner named this summer.

Founded by serial entrepreneur Kevin Ryan, AlleyCorp is a venture capital firm that incubates and invests in transformative companies across dedicated verticals for Diversified Technology, Healthcare, Robotics, and Social Impact. Companies incubated by the AlleyCorp team include MongoDB (NASDAQ: MDB), Gilt Groupe, Business Insider, Zola, Nomad Health, Pearl Health, and Transcend Therapeutics. In addition to founding companies, AlleyCorp actively invests across pre-seed, seed, and Series A. For more information, please visit .

Launched in 2002, Management Leadership for Tomorrow (MLT) is a national nonprofit that enables individuals from underrepresented communities—Black, Latine, and Native American—to realize their full potential.

VCWire

19/03/2024