Australian web site StartupSmart has ranked the We Media PitchIt! Challenge among the world’s top 10 startup challenges. Wow – and thanks! We’re humbled to be listed among some truly ambitious challenges conducted by IBM, MIT, SXSW and others. Here’s the full list.
One thing the Aussies liked, and we do too, is that the PitchIt prize does not require commercial winners give up any equity. But we do ask for something back from the winners – they’ve got to “pay it forward” by sharing what they learn with founders who follow in their footsteps. We think that’s a fair bargain with real value on both sides.