{"id":31330,"date":"2019-01-07T10:29:18","date_gmt":"2019-01-07T15:29:18","guid":{"rendered":"https:\/\/www.wework.com\/creator\/creator\/?p=31330"},"modified":"2020-02-26T14:27:24","modified_gmt":"2020-02-26T19:27:24","slug":"with-1-million-on-the-line-entrepreneurs-make-their-60-seconds-count","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/community-stories\/member-spotlight\/with-1-million-on-the-line-entrepreneurs-make-their-60-seconds-count","title":{"rendered":"With $1 million on the line, entrepreneurs make their best pitch"},"content":{"rendered":"\n

They had only 60 seconds. Eight men and women in Shanghai, San Francisco, Jerusalem, S\u00e3o Paulo, Nashville, London, and Berlin had just one minute each to state their case and persuade the judges of the WeWork Creator awards\u2014a global competition for mission-driven entrepreneurs and nonprofits\u2014to help fund their big idea.<\/span><\/p>\n\n\n\n

Five finalists in the Business Venture category and three Nonprofit finalists moved on from those regional events to compete for over $1 million at the Global Finals, which will take place Wednesday, January 9, in Los Angeles. Ashton Kutcher, Forerunner Ventures<\/a> founder Kirsten Green, and entrepreneur and chairman of VaynerX<\/a> Gary Vaynerchuk are among the judges. <\/span><\/p>\n\n\n\n

Chloe Alpert began her pitch at the San Francisco regionals with a shocking statistic: The No. 1 cause of bankruptcy in the U.S. is medical debt. Alpert\u2019s investment in this issue was personal because her grandmother had been diagnosed with brain cancer several years ago. <\/span><\/p>\n\n\n\n

\u201cMy family had to decide whether to bankrupt the family by paying for a surgery that only <\/span>might<\/em><\/span><\/i> prolong her life,\u201d she says. <\/span><\/p>\n\n\n\n

\"\"
Stephanie Benedetto, founder of Queen of Raw, celebrates her win at the Creator Awards Nashville.<\/figcaption><\/figure>\n\n\n\n

Alpert soon discovered that there was slack in the medical system: Hospitals throw away some $765 billion in usable equipment and supplies each year. So she and her three co-founders built Medinas Health<\/a> to provide a platform for big hospitals looking to get rid of older\u2014but still functional\u2014equipment like X-ray machines, which can be sold to smaller institutions. Now the company, competing in the Business Venture category, is hoping Creator will help it expand its pilot program to more hospitals and enable it to create partnerships with medical facilities in developing countries.<\/span><\/p>\n\n\n\n

Stephanie Benedetto\u2019s pitch at the Nashville regionals was equally personal. Benedetto comes from a long line of fashion entrepreneurs: Her grandfather, who emigrated to New York City from Austria in 1896, was a master furrier, and her family has been in the garment industry for 100 years. So Benedetto has seen first-hand how much waste the industry produces by burning or throwing away excess fabric. Her company, Queen of Raw<\/a>, does for fabric what Medinas Health does for hospital equipment: It creates a marketplace for companies that have been discarding fabric and other raw materials to instead sell them to smaller businesses. <\/span><\/p>\n\n\n\n

Since winning in Nashville, the Business Venture finalist, which operates out of New York\u2019s <\/span>WeWork 349 5th Ave<\/span><\/a>, has benefited from proximity to a startup community. \u201cWe have found partnerships and arrangements through these networks that I\u2019d never thought of before,\u201d says Benedetto\u2014such as specialists who helped move the Queen of Raw platform onto the blockchain.<\/span><\/p>\n\n\n\n

\"\"
Ra\u00edzs cofounder Tom\u00e1s Abrah\u00e3o (right) stands with the other finalists at the Sao Paulo Creator Awards.<\/figcaption><\/figure>\n\n\n\n

Rachel Corson and Joycleyn Mate were motivated by a similar desire to solve a personal problem. The duo created Afrocenchix<\/a>, the London Business Venture winner, with an eye toward bringing affordable, nontoxic hair care for black and mixed-race women to the UK. Their interest in the field is more than aesthetic: One of the chemicals typically found in the relaxers black women use on their hair has been linked to issues like fibroids, cancer, and respiratory problems. \u201cIt\u2019s not just about products for us,\u201d Corson says. \u201cIt\u2019s about health, well-being, and creating a legacy for our community.\u201d <\/span><\/p>\n\n\n\n

Other regional champions are united by a connection to the land and a desire to help their fellow citizens. Yoni Yefet Reich and Hudi Weinberg\u2019s nonprofit, Amutat Kaima<\/a>\u2014the Jerusalem Nonprofit winner\u2014helps Israeli teenagers who have left the school system find meaning, confidence, and stable work through farming. They hire these teens to help run small farms\u2014five so far, with four in Israel and one in Tanzania\u2014that sell their produce through a Community Supported Agriculture, or CSA, model. <\/span><\/p>\n\n\n\n

In S\u00e3o Paulo, Tom\u00e1s Abrah\u00e3o started Ra\u00edzs<\/a>, a platform that connects Brazilian consumers with organic farmers to make it easier for them to access local produce. Buying directly from farmers also means that they keep more of the purchase price. Abrah\u00e3o was inspired to start Ra\u00edzs, a Business Venture finalist, after teaching school in a <\/span>favela<\/em><\/span><\/i>, in a city he calls \u201cdisconnected.\u201d<\/span><\/p>\n\n\n\n

\"\"
Angel House founder Wang Fang was the big winner at Creator Shanghai.<\/figcaption><\/figure>\n\n\n\n

\u201cWhat is the point of our society as a whole,\u201d he asks, \u201cif we don\u2019t even look at each other?\u201d<\/span><\/p>\n\n\n\n

For some contestants, the WeWork Creator awards offered a critical avenue to connect with fellow entrepreneurs and potential investors. Ma Yiliang, whose fetal-health tracker Modoo<\/a> took the top honor in the Business Venture category at the Shanghai regional finals, noted that hearing the judges talk about his company\u2014just having them say its name\u2014was one of the best parts of the whole event. \u201cIt\u2019s a dream come true,\u201d he says. Queen of Raw\u2019s Benedetto appreciated the opportunity to get advice from the judges. \u201cAshton [Kutcher] gave me some great ideas for the future,\u201d she says.<\/span><\/p>\n\n\n\n

But the material benefits are nothing to sneeze at, either: Cemal Ezel, whose London Nonprofit winner Change Please<\/a> provides job training, housing, and employment to people experiencing homelessness, was also a Creator global finalist in 2017. That win netted Change Please a year\u2019s membership at London\u2019s <\/span>WeWork 15 Bishopgate<\/span><\/a>, which allowed them to channel the money they would have paid in renting office space to helping another 13 people get off the streets and become gainfully employed.<\/span><\/p>\n\n\n\n

That kind of cyclical thinking\u2014creative uses of resources of all kinds\u2014is what characterizes all of the global finalists, who recognize that the work they do is in service of and collaboration with something much larger than themselves. <\/span><\/p>\n\n\n\n

Wang Fang, who won the Nonprofit competition in Shanghai, knows she owes much to her daughter, Li Junru. After all, it was Li whose cerebral palsy inspired Fang to start Angel House<\/a>, a space where children with CP can receive what she describes as \u201cmedical care through acts of compassion and unity.\u201d <\/span><\/p>\n\n\n\n

\u201cI see my daughter as a creator also,\u201d she explains, \u201cbecause without her, Angel House would not exist.\u201d <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

WeWork Creator awards finalists hope to persuade a panel of judges to fund their big ideas<\/p>\n","protected":false},"author":912,"featured_media":31338,"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":[39218,39221],"class_list":["post-31330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community-stories","category-member-spotlight","tag-small-businesses","tag-entrepreneurs"],"acf":[],"yoast_head":"\nWith $1 million on the line, entrepreneurs make their best pitch<\/title>\n<meta name=\"description\" content=\"WeWork Creator awards finalists hope to persuade a panel of judges to fund their big ideas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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