Apparently, elevator pitches take too long: Two Berkeley MBA students had a mere three slides and three minutes to make their mark in Babson's inaugural San Francisco Rocket Pitch competition on Oct. 1. Kevin Callaghan and Melissa Millan, both MBA 13, made good use of the (limited) time, shooting to first and second place, respectively, and besting 13 rivals from other Bay Area business schools.
Callaghan and his teammate, Inderpal Singh, won the top prize--$5,000 and the opportunity to meet with several venture capitalists--for their Coaster app, which allows users to buy drinks at a bar from their mobile device. No more pushing through crowds, waiting at the bar, or shouting your order to the bartender, notes Callaghan.
Millan took second place for Androgyny, a company that aims to offer premium button-down shirts for women who seek an androgynous look. “Queer women struggle to find clothing that both fits them properly and allows them to feel comfortable and confident,” Millan says. “I think the judges found it refreshing to hear a new idea, especially one outside of the technology sector.” The $3,000 second prize will allow Millan to move forward with producing a sample run. "I was also able to connect with people in the venture and apparel communities that have the potential to be fantastic business partners."