Wednesday, February 24, 2010
Equipois Takes TCA LA Fast Pitch
Equipois, the developer of a mechanical arm--based on Hollywood's Steadicam--for reducing the weight of tooling and other objects, took the top prize and was ranked in 1st place overall in Wednesday evening's Tech Coast Angels Fast Pitch. The annual Fast Pitch competition pitted 10 companies against each other in 90-second, elevator pitches to a panel of 10 judges. After each 90-second pitch, and a quick Q&A, judges at the event gave both a presentation score and fundability score to each company. In terms of presentations, Renovation Planners was ranked first for the presentation by founder Monica Higgins. For best investment opportunity, the presentation by Equipois' Eric Golden was ranked tops. Other companies ranked in overall ratings in the competition were Pressure Sentinel. a developer of automatic tire inflation devices and Vubiq, a developer of gigabit, low power radios for wireless devices. The top companies were whittled down from an initial 170 applications for the competition.