Cutcaster selected as top 5 Start up in NYC by InSITE

We got some fantastic news this weekend. For the last month, we have been preparing for our presentation/pitch to InSITE. InSITE is an entrepreneurial mentorship program that brings together the best and brightest students from Columbia and NYU Business and Law schools to support New York entrepreneurs in the development of their businesses and pursuit of venture capital and angel investments. They select 5 NYC based startups to help each semester out of a large pool of candidates and we were selected as 1 of the 5. Gooo Cutcaster!!!

InSITE fellows meet with these companies over a three-month time period, providing consulting services that include:

* Overall Business Review
* Business Plan and Exec Summary Analysis
* Business Model Analysis
* Pitch/Presentation enhancement and Story Practice
* Management Review & Recommendations
* Strategic Analysis (timing, competition, and alternatives)
* Deal Analysis (including valuation potential)

We are really excited to be working with InSITE and Vikram, our team leader. It will be interesting to see these students take on the licensing world we are in and what business models are the best to pursue. We also get a chance to meet with Wilson Sonsini Goodrich & Rosati who have asked to set up a meeting between our two companies. At the end of the semester we get to pitch Cutcaster to a room full of Venture Capitalist and Angel Investors so it is very exciting. I can't wait to have InSITE on board and have to thank Molly Siems (she made the introduction), Hugh Dornbush and Kyusik Chung, who all three are on the InSITE board and really helped us along throughout the process..

I'll keep everyone updated on how it is going ;-)

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