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Vidhub wins Laurier Entrepreneurship Competition and $5,000
Last week on February 26th, 6 startup teams presented to a panel of judges in the hopes of walking away with some amazing prizing. Congratulations to the top 3 teams:
1st place – Vidhub: $5,000 and $3,000 worth of video services from George Briggs
2nd place – Marmanbee: $2,000
3rd place – Teknically: $1,000
The winning startup, Vidhub, is an online collaboration tool for video editing that is currently in private beta testing. The idea is to let videographers, designers, and marketing people spend less time emailing and conference-calling, and more time on actually getting the video project done. I had a chance to have a quick Q&A with Vidhub co-founder, Shubhagata Sengupta. Shubhagata is a communications student at Laurier, so I guess I shouldn’t have been surprised at how fun it was chatting with him. Keep scrolling to see what he had to stay about the competition, the future, and the startup life!
Q: What made you want to participate in LEC?
A: After seeing the amazing pitches for the past two years, we felt that we wanted to be a part of the competition. We felt that LEC was an amazing opportunity to gain validation, exposure and feedback not only from an amazing panel of judges, but also from our peers and other entrepreneurs.
Q: How do you get yourself ready for big pitches/presentations like this?
A: Practice makes perfect. Seriously. Right after the second stage, we were continually working on tweaking and improving our pitch and presentation. Through reading week, it was trying to have as many different people listening as possible – for more practice, but also for feedback from a variety of audiences. After lots and lots of practicing (right up to the hour before the event), the pitch was clear as day in my head. I don’t think I’ve ever practiced for a pitch as much as I did for this one, haha.
Q: What do you think you’ll be using your winnings for?
A: We’ve all agreed that we’ll be using this money only to grow the company. Anything from server costs, to marketing expenses, and maybe even a well deserved team dinner. It’s been too many nights of cold pizza and no sleep to forget about that last part!
Q: What tips would you give a student who is interested in entrepreneurship?
A: Entrepreneurship isn’t a process, but rather a continuous way of life. You need to live, breathe, sleep, and dream entrepreneurship for it to yield the results you want – it’s not just a side job. But, as much as it is hard work, it’s also very rewarding and good fun. Find an idea you’re passionate about and a team you enjoy being with – the rest will follow.
Congrats to the Vidhub co-founders and thank you for chatting with me! All the best to you and the rest of the LEC teams in the future.