{"id":25095,"date":"2017-01-23T17:33:29","date_gmt":"2017-01-23T22:33:29","guid":{"rendered":"https:\/\/www.wework.com\/creator\/?p=25095"},"modified":"2020-04-03T15:44:08","modified_gmt":"2020-04-03T19:44:08","slug":"demo-day-wework-gives-600000-14-startups","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/community-stories\/member-spotlight\/demo-day-wework-gives-600000-14-startups","title":{"rendered":"At L.A.’s Demo Day, WeWork gives $600,000 to 14 startups"},"content":{"rendered":"\n

\u201cA life-changing experience\u201d is how one WeWork member described it. A \u201chuge deal for my startup,\u201d is how a second member put it, while the woman standing next to her replied that it would be \u201cso incredible for our company.\u201d<\/p>\n\n\n\n

They were among the 14 winners at WeWork Demo Day, held last weekend all over Los Angeles. They had competed against 45 startups that have memberships at various locations around the city.<\/p>\n\n\n\n

\u201cI was blown away,\u201d said Bill Lennon, CEO of SportsPay<\/a>. The company makes it easier for youth sports organizations to collect money. \u201cGetting exposure is one of the most valuable things for an early-stage company, and that was all I was hoping to get out of this. Not only did we get great exposure, but a really nice prize. It’s validation we can share as we grow our business.\u201d<\/p>\n\n\n\n

In total, WeWork founders Adam Neumann and Miguel McKelvey gave out more than $600,000 to these companies. The grand prize winner was Daquan Oliver, who blew the judges away when he described his nonprofit company\u2019s<\/a> focus: providing mentorship for low-income middle and high school students. The WeWork Promenade<\/a> member\u2019s focus on breaking the cycle of poverty also seemed to touch Neumann and McKelvey.<\/p>\n\n\n\n

\"At<\/figure>\n\n\n\n

\u201cThis award was originally supposed to be $100,000,\u201d said Neumann before a packed crowd at the Globe Theatre at Universal Studios Hollywood. \u201cBut why don\u2019t we round it up to $180,000?\u201d<\/p>\n\n\n\n

Oliver said he was shocked when he realized he won the grand prize.<\/p>\n\n\n\n

“I remember thinking, ‘Wow, this is only January!’ and knowing that with this opportunity, the team and I were going to really crush it this year,” he said.<\/p>\n\n\n\n

The event is considered a beta test for other similar events in the future, said Neumann, including another Demo Day to be held in L.A. later in the year.<\/p>\n\n\n\n

The event started two days earlier, when nine different WeWork buildings\u2014Gas Tower, Fine Arts, Hollywood, La Brea, Culver City, Santa Monica, Pasadena, Promenade, and Playa Vista\u2014all hosted a Demo Day competition at exactly the same time.<\/p>\n\n\n\n

Coordinating this was a massive undertaking, making sure that all 45 presenters were prepped on the process: a five-minute presentation, followed by five minutes of questions from the judges.<\/p>\n\n\n\n

\"At<\/figure>\n\n\n\n

For many of the presenters, it was their first time pitching their business in front of an audience. One of those was Justin Jia, a member at WeWork Gas Tower<\/a>.<\/p>\n\n\n\n

\u201cI think all of us were nervous,\u201d said Jia, founder of a new dating app called Blur<\/a>. \u201cHow do you explain everything about your company? And how do you do it in just five minutes?\u201d<\/p>\n\n\n\n

A panel of judges at each building selected a winner to advance to the finals. At Gas Tower it was Rachel D. Wilson of Lady Rebranded<\/a>, a company that helps and empowers women-owned business.<\/p>\n\n\n\n

\u201cWhen you showcase your life’s work and your passion in front of people you don’t know, it can be scary,\u201d said Wilson. \u201cYou’re really vulnerable. But the reception and feedback I received was incredible. I knew that the work that I’m doing really matters and that other people support me in making it happen.\u201d<\/p>\n\n\n\n

\"At<\/figure>\n\n\n\n

The votes at each building were often by a razor-thin margin. The judges at Gas Tower also chose a second member to move onto the finals: Mel Keedle of a nonprofit for children with incarcerated family members called POPS the Club<\/a>.<\/p>\n\n\n\n

\u201cAs a small nonprofit still getting our name out there and trying to raise awareness for the young people we serve, this event was huge,\u201d said Keedle. \u201cTo be given the opportunity to share the stories to a wider audience was amazing.\u201d<\/p>\n\n\n\n

Lennon and Wilson were among nine members who won $25,000 for their businesses. Other winners included Sam Marley of the photo-sharing platform Blurr<\/a>, Rachel Lincoln Sarnoff of a nonprofit fighting plastic pollution called 5 Gyres<\/a>, Sandy Peacock of a nonprofit aiding people in transitional housing called Back on My Feet<\/a>, Danielle Nagel of the clothing company Dazey L.A.<\/a>, Marchelle Sellers of a platform to simplify charitable donations called Charity on Top<\/a>, Aric Ohana of the ride-sharing platform Envoy<\/a>, and Dane Scarborough, creator of a high-tech tape measure called QuickDraw<\/a>.<\/p>\n\n\n\n

\"At<\/figure>\n\n\n\n

\u201cThe prize money is greatly appreciated,\u201d said Scarborough, \u201cbut the real impact on my business is the inspiration from this event to look for opportunities where we, as a company, can have a greater positive impact on the world.\u201d<\/p>\n\n\n\n

Besides Keedle, winning a $50,000 prize were John Smelzer of the sports app ScoreStream<\/a>, Jill Bigelow of the new mothers\u2019 products company Pelv-Ice<\/a>, and Erica Buxton of the children\u2019s emotional learning platform EQtainment<\/a>.<\/p>\n\n\n\n

\u201cWe always have a list of things we’d like to do but don’t have the budget to implement,\u201d said Buxton. \u201cIt is going to allow us to make some new updates to our app to improve the user experience, which should create faster growth and possibly hire an additional team member.\u201d<\/p>\n\n\n\n

Gathered together on the stage at Universal Studios, the winners said they were all blown away by the scope of the event.<\/p>\n\n\n\n

\u201cI had no idea whatsoever how large the competition was going to be,\u201d said Wilson. \u201cI was in complete awe of how big the closing event was! I’ve never seen anything like this before. It really inspired me to continue to create my life’s work and showed me that my big ideas can become big realities.\u201d<\/p>\n\n\n\n

\"At<\/figure>\n\n\n\n

Photos: Lauren Kallen<\/a>, Katelyn Perry<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cA life-changing experience\u201d is how one WeWork member described it. A \u201chuge deal for my startup,\u201d is how a second member put it, while the woman standing next to her replied that it would be \u201cso incredible for our company.\u201d They were among the 14 winners at WeWork Demo Day, held last weekend all over […]<\/p>\n","protected":false},"author":895,"featured_media":25111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[43903,43911],"tags":[],"class_list":["post-25095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community-stories","category-member-spotlight"],"acf":[],"yoast_head":"\nWeWork Demo Day For Startups | Ideas by We<\/title>\n<meta name=\"description\" content=\"We spoke with the winners of WeWork Demo Day, held last weekend all over Los Angeles. 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