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Center for Creative Economy's Personal Meeting Room - Shared screen with speaker view
Center for Creative Economy
00:54
Hi everyone! Thanks for being here. We’ll be starting soon!
Beryl Young
10:08
I can hear you!
Beryl Young
11:40
No
Beryl Young
12:11
Now they are there!
Beryl Young
13:06
Yep!
Cody Stevens
13:07
Yep
Center for Creative Economy
30:23
Hi everyone - Shelby here. As we go through the slides, feel free to drop questions in the chat and we’ll be sure to answer them.
QuQu
34:46
Is the competition a separate finance from the 100,000 investment?
Center for Creative Economy
35:45
Hey Qu! Thanks for the question - what $100K investment are you referring to?
QuQu
37:24
Maybe I missed something lol
Center for Creative Economy
38:03
Lol no worries. So with the pitch competition - 3 teams will split a pool of $50K.
Center for Creative Economy
38:32
3rd place gets $10K, 2nd place gets $15 and 1st place gets $25K
Beryl Young
40:17
This question is tripping me up a bit on the application … can you define a little more specifically what you’re looking for here? I’m a bit all over the map with the numbers. “What is the dollar value of the market opportunity for your product?”
Center for Creative Economy
41:47
Hi Beryl - great question! I’m going too bring that up in the Q&A, which we will get to shortly.
Beryl Young
41:59
Thank you!
QuQu
42:35
Ok got it! I know she mentioned you would have a year to use the 100,000
QuQu
42:48
That’s why I was a little confused lol
QuQu
43:16
Will the 895 need to be paid flat out ?
Center for Creative Economy
43:18
Ahhh yes, so if you are a winner, you have one year to pay back the loan at 0% interest
QuQu
43:47
Ok which is 25,000?
Center for Creative Economy
43:49
If you are unable too pay back the loan within the year, we will work with you on a payment plan
Keyra
43:57
Question here - what are the interest rates after that first year?
Center for Creative Economy
44:00
It will either be 25K, 15K, or 10K
QuQu
44:09
GOT YOU!
Center for Creative Economy
44:28
Hi Keyra - good question. I’m going to pass it on to the Q&A and let Margaret answer
QuQu
46:19
With the mentors , will they know our specific field ? How would the program help us in becoming an even better company? What will we really gain? I’m
QuQu
46:22
I’m
QuQu
46:31
Sorry came in a little late
Beryl Young
50:33
I have an online company teaching photography classes to moms. I’m just wavering between going to the really high market size with the revenue that feels most realistic based on my current business performance ;-) Being an online based business there’s a pretty wide range!
Beryl Young
51:00
But knowing I don’t have to get that number perfect helps.
QuQu
55:57
What if you need a civility with equipment that cost more than maybe what we could win? How could would be successful in funding the vision
QuQu
56:05
*facility
QuQu
57:22
Awesome! thank you!!!
QuQu
57:49
LOVE IT!!
QuQu
59:28
How many companies can be accepted in this program
QuQu
01:00:18
that’s so exciting
QuQu
01:01:31
eeek
Beryl Young
01:01:44
I’m excited to get my application submitted!
Beryl Young
01:02:00
I’m in the Washington DC area
Cody Stevens
01:02:38
Winston-Salem. I’m a designer and publisher of board games.
QuQu
01:02:41
I’m in Greensboro and my industry is music
Cody Stevens
01:02:49
I did start it already.
QuQu
01:03:20
I can hear you
Keyra
01:03:34
Hello - I'm Keyra from Puerto Rico! And I'm an innovator in the circular fashion industry.
QuQu
01:04:24
That’s where I’m at 😩
QuQu
01:05:18
I can see my business in Charlotte , Greensboro, Raleigh , Winston
Keyra
01:05:21
Yeah! You said it right.
QuQu
01:05:28
EVERYWHERE
Cody Stevens
01:05:32
Nope
QuQu
01:05:41
OH THE 895
QuQu
01:05:51
It will be due when if you make it?
QuQu
01:07:31
And we have the opportunity to pitch to other investors in the program as well?
QuQu
01:07:36
ok cool thank you!!
QuQu
01:08:58
Sorry if I’m asking questions you’ve answered
QuQu
01:09:07
yes ma’am!!
QuQu
01:09:19
😂😂
QuQu
01:09:47
loveee it
Cody Stevens
01:11:20
Thank you!
QuQu
01:11:29
Thank you guysss
Beryl Young
01:11:29
Thank you so much!
larry mickie
01:11:40
Thanks!!