WUFT News

Partender startup wins GAIN 2013 Fast Pitch competition

By on April 11th, 2013
Nikhil Kundra

Vonecia Carswell / WUFT News

Nikhil Kundra, founder and CEO of Partender, pitches his company to judges. He was the winner of the "GAIN 2013 Fast Pitch" competition.

After an intense nine rounds of pitching his company to CEOs, Nikhil Kundra, founder of Partender, won the fourth annual “GAIN 2013 Fast Pitch” competition Thursday night.

The Gainesville Area Innovation Network hosted the event at the Hampton Inn, 101 SE First Ave.

“Partender is a business-to-business software as a service solution that reduces the time it takes bar managers and owners to do inventory from a frustrating five to six hours to 15 minutes or less,” Kundra said.

He will receive $3,000 in legal fees from Gainesville startup lawyer John Montague and a spot in the Florida Venture Forum Early Stage Conference.

Dressed in Tampa Bay Rays attire, Lee May, executive director of GAIN, began the baseball-themed event with a blow of a whistle. Participants had two minutes to pitch their ideas and then three minutes to get feedback from every set of “catchers” or judges at the nine tables.

“The pitch you start out with will be a whole different pitch then what you started off with,” May said.

The judges asked questions such as “What’s your market size?” and “What separates you from similar businesses?”

Kundra said the amount of information they wanted in two minutes was stressful and a little unrealistic, but he said he understood why they were doing it.

“It gets you thinking,” he said.

May gave participants a chance to loosen up after each few rounds and asked trivia questions, awarding prizes such as a Babe Ruth commemorative baseball and a “Trouble With the Curve” DVD.

As time ticked down, hands flailed about as participants scrambled to fine-tune their pitch.

“Drop your pens! No more pitching,” May shouted.

The game was over nearly two hours later at the end of the ninth round or “inning.”

Kundra held the bat, passed off from last year’s winner, Study Edge Co-founder Richard Melgarejo. It was decorated with signatures from all the previous winners.

“Winning was awesome,” Kundra said. “But the ability to practice pitching and meet new people was a refresher.”

As a judge and former pitcher, Melgarejo empathized with Kundra.

“The biggest thing pitchers are going to get from this is feedback. A score is a score. You don’t really improve from that.”


This entry was posted in Business and tagged , , , . Bookmark the permalink.
 

More Stories in Business

Charlie’s Snow Shack serves Hawaiian shaved ice out of a stationary food truck in northwest Gainesville. The food truck expanded from initially offering 18 flavors when it opened in 2012 to its current 32. Scott St. Lifer / WUFT News

Inexpensive Business Model Provides Success for Local Food Trucks

Off The Griddle is one of the food trucks in Gainesville that provide alternative dining options. Michael Musoke, owner of Off The Griddle, said the trucks cost between $20,000 to $100,000, which is less than it would to open and maintain a restaurant.


Florida Innovation Hub, located in downtown Gainesville. (photo by Samuel Navarro).

Gainesville Strives To Become Florida’s Technology Hub

Florida’s tax-friendly laws and Gainesville’s status as a college town makes it an attractive location for tech companies.


Kristen Hadeed, founder of Student Maid, and Rich Blaser, co-founder of Infinite Energy, explain how Josh impacted the start-up community in Gainesville. They were part of a group of young entrepreneurs in Gainesville who met monthly to discuss their work.

Memorial Held for Gainesville Entrepreneur

A memorial for Josh Greenberg, the co-founder of music streaming service Grooveshark, was held Friday evening at the Phillips Center. He was found dead in his home July 19.


Gainesville Regional Airport.

City Commission Passes Ordinance To Regulate Uber

In an effort to even the scales, the Gainesville City Commission voted Thursday afternoon to regulate app-based transportation services like Uber. The ordinance will hold them to standards similar to those of traditional taxi drivers.


Donni Young works behind the counter at Pearl Country Store and Barbecue. She said this summer is the best the Micanopy convenience store and restaurant has seen in her three years as manager of it. Photo by Nicole Gomez

Local Businesses Prepare To Fight Anticipated Summer Slump

As summer rolls around and students leave north central Florida, local businesses make plans to fight the economic slump. This year, however, has been better than previous ones.


Thank you for your support

WUFT depends on the support of our community — people like you — to help us continue to provide quality programming to North Central Florida.
Become a Sustainer
I want to support FM 89.1/NPR
I want to support Florida's 5/PBS
Donate a Vehicle
Underwriting Payments