By submitting your interest in submitting your idea, I hereby agree to
the TERMS AND CONDITIONS and agree to receive marketing communications
in the form of but not limited to email, sms, and mms.
Whether it’s because they can’t find a team OR find a team that screws them financially OR find a team who simply can’t deliver – all of these outcomes are not only common, but probable and the result is a flop.
Here's some stuffSit on your idea and take it to the grave with you
Someone else will execute on your dream before you
Your life will never change if you play it safe
Potential will be missed as you might be holding onto the next big tech company
And the list goes on and on1 Column
to pitch their idea
This is your chance to share your vision in a 5-minute private pitch with Project 10K leadership where you will get an immediate response regarding next steps.
If you hear YES during the pitchathon, the next step is Due-Diligence where we will dig into you, your idea, the market you are entering, and your business model.
The moment we have been waiting for has arrived because after we complete due-diligence, we will make a decision on next steps and we hope it’s Co-Foundership!
Within 60-90 days from the start of your Cohort, we will launch your MVC (Minimal Viable Company) which will be able to onboard users and begin to generate cash-flow.
The Validation Challenge will require $30k-$60k of startup capital which is where you have the opportunity to use Booyah Fund, the most dynamic crowd-funding platform on the market.
We will mutually agree on KPI’s (Key Performance Indicators) that MUST be hit within 90-days of launch so that we can leverage this data to raise capital or reinvest for scale.
The journey to build, scale, and sell is a lonely process UNTIL NOW because TOGETHER we will weather the lows and celebrate the highs as we go for an EXIT with your tech idea.
We don’t sign NDA’s on ideas only because we are pitched 100’s of ideas a week. AND we will never launch a company without a Co-Founder so the IDEA person is ALWAYS protected for that reason alone. We even have scenarios where people come with their ideas and they DON’T want to Co-Found the company and we STILL give them equity.Your idea is 100% safe with us and we hope you understand our perspective since we literally hear pitches every 30-minutes of every day.
We have 4 specific areas that we focus on in order to reach the point of saying YES to an entrepreneur looking for co-foundership.
We will shed some light on one of the greatest distinctions to date for Project 10K which are the 8 non-negotiable characteristics of a Co-Founder.
1. Expert on the problem they are solvin
2. Relevant relationship capital that is eager to help
3. Strong business intuition and acumen
4.Stable emotional resilience
5. All-in mentality with skin in the game
6. Clarity of the problem and solution
7. Unwavering self-confidence and self-esteem
8. Ability to sell
We strive to find the right people with the right ideas which are defined as technologically viable within a realistic time-frame, that also solve a significant enough problem in the world, and have the potential to become a personal or business utility.
There are two extremes in the market.
Red Ocean – Highly Competitive
Blue Ocean – Zero Competition
Both are extremely suboptimal which is why we look for a Pink Ocean solution where your target market knows they have an inefficiency but simply can’t find a solution.
Pink Oceans are the easiest to scale in which is optimal for an early stage tech idea.
Right Business Model
One of the many benefits of the Validation Challenge is that it will positively force us to generate revenue quickly so we look for ideas that have strong business models that are attainable in a short time frame and ideally recurring so we can begin to build financial momentum.
We have created an entirely new category for entrepreneurs.
Prior to Project 10K napkins were considered valueless, useless, and there was nowhere to remotely share a dream on a piece of paper.
The reason we charge nominal fees to pitch and for due diligence is so that you have skin in the game and you take this experience seriously because WE REALLY DO!
The amount of time and human resources we invest into the Pitchathon and Due Diligence far exceeds the small investment you will make (meaning we lose money each time we do this) but we don’t want to lose time which is why we have you make a small investment so you are keen to go all-in and really show up prepared for a pitch that has the potential to change your entire life forever.
Every company has the exact same deal structure which is 50% equity owned by YOU and 50% equity owned by Project 10K. Remember, you have an idea on a piece of paper right now – 50% of something is WAYYYYYY more than 100% of an idea on a piece of paper. Let’s DO this!