she1K takes C-shark Tank Season 2 ONLINE , spanning New York, Europe and Asia
World’s first “shark tank” style pitch to a room full of corporate executives goes online as large offline events are not permitted during the COVID pandemic
Backed by Enterprise Singapore and Partnering with the Singapore Economic Development Board
she1K, the world’s first global corporate executive angel network with 80% female representation stages the 2nd rendition of their one-of-akind “shark tank”-like pitch coined C-shark Tank where senior executives of large corporates can be a “shark” for a day in their personal capacity, not representing their corporation.
Why C-sharks?
Founded late 2018, she1K was created to address the gap of corporate executives, particularly women, engaging and investing in startups by providing a trusted and companion-style program to facilitate learning, syndicating deal flow and all the processing involved. she1K’s unique positioning is to harness the deep industry insights, corporate scaling experience and the connections that senior executives have built in their career. she1K takes the hassle off time-starved corporate executives by taking on most of the heavy lifting of due diligence, legal instrument and tracking of portfolio companies whilst providing executives the flexibility to be involved as much or as little as they can accommodate.
Open to both men and women, more than 30 corporate executives are expected to participate in Season 2 with the minimum upfront investment reduced to S$5000 per C-shark, which enters into a pool.
All C-sharks will walk away with a small stake in 2 startups (out of top 3), decided as a group.
“With the current COVID situation, we are still hopeful that there are executives who will continue to invest and empower innovation but we reduced the upfront commitment to be sensitive to the economic downturn nevertheless. We are excited that by going completely online and catering to two time zones, we will be able to onboard more C-sharks and more jury from diverse markets.” says Christina Teo, Chief Builder, she1K
Partnership with the Singapore Economic Development Board
she1K is partnering with the Singapore Economic Development Board for the first time to attract European startups to apply to the program. The EDB is the lead government agency in charge of Singapore’s economic strategy and is contributing a non-equity sum to the pool alongside the C-sharks. By hosting the program online in two time zones, investors and C-sharks from Europe are able to participate. Top 3 winners will be invited to EDB’s flagship Innovation Matching event to pitch to the innovation teams of well-known Singapore Brand names. The first edition of the innovation matching days in April and May 2020 had organisations like Singapore Airlines, CapitaLand, ST Engineering, Singapore Tourism Board, JTC and EDBI.
How does the program work?
Early stage startups – gender and industry agnostic – apply at bit.ly/applyCshark. Shortlisted startups will be invited to a screening call.
18 startups will be selected to pitch to 70 strong jury with a 70% female representation. The jury will then pick final 10 startups to pitch to C-sharks. More than 30 C-sharks will pick the TOP 3 and the group decides how much of the pool to allocate to these TOP 3 after an intensive war room discussion. C-sharks in season 1 have found the safe, companion-based investing program highly educational and a great vehicle for peer networking. Within 7 days, C-sharks could opt to top up further in any of the Top 3 startups.
At Season 1, the pool started with $230,000 and ended with $505,000 after more than half of the C-sharks topped up. Aside from cash, startups walked away with credits from Amazon, Hubspot, Zendesk and segment. Startups also took home valuable feedback from the jury and C-sharks which they would otherwise struggle to have access to. Final funding will be announced end July 2020. More information about the program can be found at Cshark.she1K.com
What will participating startups get?
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