Miami has been constructed into a world tech-hub. A lot so, that this week marks Miami’s first ever Tech Week. To kick off Miami Tech Week, 305 Ventures, a Miami-based enterprise capitalist firm, hosted Miami Tech Week Founders’ Demo Day, a “Shark Tank” type occasion on Tuesday at Island Gardens.
In the course of the occasion, startups had the chance to pitch their concepts within the hope that the panel of enterprise capitalist judges would make investments. Judges included Jake Paul, social media influencer turned boxer and founding father of Anti Fund, together with a number of different judges with backgrounds in funding funds and startups.
“We began a yr again with these occasions. It was initially speculated to be one thing for us to satisfy among the startups within the ecosystem extra quickly,” mentioned Zaid Rahman, a founding father of 305 Ventures. “It’s turned out to be an enormous success.”
The 305 Ventures founders are Zaid Rahman, founder and CEO of Flexbase, a bank card for building firms; Michael Melikian, former president & CEO Of Mel-Pharm Inc, a medical retail retailer in California and Joey Levy, founding father of Simplebet, a sports activities micro-betting service.
305 Ventures focuses on creating alternatives for connection and investing in startups by occasions like Demo Day. The corporate focuses on startups on the “pre-seed stage” and the “seed stage,” when the concept is new and nonetheless being examined. In return, 305 Ventures will get an fairness stake within the startup.
Jonathan Bierig is the founding father of considered one of these startups that 305 Ventures invested in a number of months in the past.
“We’ve actually used that cash and their connections to develop our community,” mentioned Bierig, founding father of Final Odds, a fantasy sports activities betting service.
Following Demo Day, visitors loved an after occasion of networking with free drinks, meals, music and hearth dancers.
“Being a younger startup founder, I’m solely 21-years-old, it’s actually key for me to introduce myself to lots of people within the trade,” Bierig mentioned.
305 Ventures’ website lists 65 corporations they’ve invested in, starting from monetary tech to NFTs to well being tech providers.
In line with an article by Refresh Miami, 305 Ventures invests between $25,000 and $100,000 in every agency, with the purpose of attracting extra younger tech entrepreneurs to Miami.
“So many individuals are transferring to Miami and Miami is turning into the brand new tech hub of the nation,” mentioned Valentina Pope, an occasion coordinator at 305 Ventures and a senior broadcast journalism main on the College of Miami. “Numerous my colleagues that I work with say it reminds them of how San Francisco was to start with of its early stage, rising as one of many prime tech hubs within the nation.”
Naila Charnia, a freshman majoring in accounting and finance, weighed in on the significance of tech startups in Miami.
“Tech startups are actually vital as a result of they present that individuals are prepared to extend their productiveness and their creativity to resolve issues that in any other case haven’t been solved earlier than,” Charnia mentioned. “Particularly with know-how, it’s such a quickly rising a part of society that having startups devoted to fixing issues with know-how makes issues very environment friendly.”
College students can have interaction with 305 Ventures by e-mail at firstname.lastname@example.org or discover them on Twitter @305Venture and on Instagram @jointhe305.