{"id":111,"date":"2020-11-07T02:32:03","date_gmt":"2020-11-07T02:32:03","guid":{"rendered":"http:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/student-entrepreneurs-swim-with-big-fish-in-the-dvc-piranha-pool-pitch-competition\/"},"modified":"2020-12-04T16:12:16","modified_gmt":"2020-12-04T16:12:16","slug":"student-entrepreneurs-swim-with-big-fish-in-the-dvc-piranha-pool-pitch-competition","status":"publish","type":"post","link":"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/student-entrepreneurs-swim-with-big-fish-in-the-dvc-piranha-pool-pitch-competition\/","title":{"rendered":"Student Entrepreneurs Swim with Big Fish in the DVC Piranha Pool Pitch Competition"},"content":{"rendered":"<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">Do you have an idea for a new product or business? Ever wondered how to fund your startup? Jump into DVC\u2019s Piranha Pool and find out!<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-115 alignright\" src=\"http:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Piranha-Pool-Final-Flyer-232x300.png\" alt=\"Piranha Pool Flyer\" width=\"232\" height=\"300\" srcset=\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Piranha-Pool-Final-Flyer-232x300.png 232w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Piranha-Pool-Final-Flyer.png 702w\" sizes=\"auto, (max-width: 232px) 100vw, 232px\" \/><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cThe DVC Piranha Pool Pitch Competition is similar to the popular TV program, \u2018Shark Tank.\u2019 Students present their idea for a new business or product to a group of judges,\u201d said DVC business administration professor, Charlie Shi.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">Shi urges students to pursue their passion. He feels that DVC can provide the tools and connections needed for entrepreneurial success.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-122 alignleft\" src=\"http:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Charlie-Shi-300x288.jpg\" alt=\"Charlie Shi\" width=\"218\" height=\"209\" srcset=\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Charlie-Shi-300x288.jpg 300w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Charlie-Shi.jpg 531w\" sizes=\"auto, (max-width: 218px) 100vw, 218px\" \/><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cDVC is a premiere innovation center in this region. We\u2019re creating an innovation and entrepreneurship ecosystem that includes business as well as many other academic programs,\u201d said Shi.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">The competition is made possible by funding from the DVC Entrepreneurship and Innovation Strong Workforce Grant through the California Community College Chancellor\u2019s Office.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-140 \" src=\"http:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Lo-Ann-pic-1-300x300.jpg\" alt=\"LoAnn Winkler\" width=\"218\" height=\"218\" srcset=\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Lo-Ann-pic-1-300x300.jpg 300w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Lo-Ann-pic-1-150x150.jpg 150w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Lo-Ann-pic-1.jpg 750w\" sizes=\"auto, (max-width: 218px) 100vw, 218px\" \/><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cA local intellectual property law firm, Antero, Tormey &amp; Petrin, has graciously provided additional funding and support. They have truly partnered with us to make this competition happen. They have also played an important part in the development of the \u2018Entrepreneur in You\u2019 video series,\u201d said LoAnn Winkler, business administration faculty for DVC.<\/span><\/p>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif;\">Who can participate in the competition?<\/span><\/h2>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cWe welcome students from across the college. All majors are able to come and bring their ideas. Our goal is to help our students bring their concepts and products to market,\u201d said Winkler.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">Interested students form teams of two to four people. They work together to develop a business idea.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-123 alignright\" src=\"http:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Mariam-Worsham-214x300.jpg\" alt=\"Mariam Worsham\" width=\"214\" height=\"300\" srcset=\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Mariam-Worsham-214x300.jpg 214w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Mariam-Worsham-730x1024.jpg 730w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Mariam-Worsham-768x1078.jpg 768w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/Mariam-Worsham.jpg 912w\" sizes=\"auto, (max-width: 214px) 100vw, 214px\" \/><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cThe new product or idea should be unique so it has a chance to succeed once it\u2019s out in the market. This is what is called a \u2018unique selling proposition,\u2019\u201d said Mariam Worsham, business administration professor for DVC.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">A number of resources and tools are available to support students as they prepare for the competition.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cCharlie Shi and our guest speakers offer workshops to help students take their concept and hone it into something that could be a possible business. Speaker topics mirror the business plan workbook that students use when creating their plan,\u201d said Winkler.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">Business owners and entrepreneurs serve as mentors to guide students as they prepare for the competition. DVC faculty also are available to work with teams to answer questions. There are also classes students can take that coincide with the competition:<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Arial, Helvetica, sans-serif;\">BUSMG 191 Small Business Management<\/span><\/li>\n<li><span style=\"font-family: Arial, Helvetica, sans-serif;\">BUSMG 192 Entrepreneurship and Venture Management<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif;\">How does the competition work?<\/span><\/h2>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">There are two parts to the competition. Students present an executive summary to the judges in the first round. Finalist teams are selected to advance to the next round. The finalists have one week to prepare for that round. During the second round, the finalists present their written business plans to the judges. This year\u2019s competition will be virtual due to COVID-19, but the experience will be similar to that of the 2019 competition.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cThe second round is judged by local entrepreneurs who have been successful in their startup businesses. They really try to give their opinions and help to those teams to make them successful,\u201d said Winkler.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">The winning team is selected and a cash award is provided. All teams are also recognized with a certificate to honor their efforts.<\/span><\/p>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif;\">Why should students participate?<\/span><\/h2>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">Participants have many opportunities to learn and grow throughout the experience.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cStudents develop knowledge, skills and abilities related to business entrepreneurship. They learn about marketing, finance, accounting, human resources and technology. They develop and practice written and oral presentation skills, leadership skills, teamwork, and more,\u201d said Shi.<\/span><\/p>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif;\">STUDENT SUCCESS<\/span><\/h2>\n<div id=\"attachment_117\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-117\" class=\"wp-image-117 size-medium\" src=\"http:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/2019-Winners-300x219.jpg\" alt=\"2019 Piranha Pool Winners\" width=\"300\" height=\"219\" srcset=\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/2019-Winners-300x219.jpg 300w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/2019-Winners-768x561.jpg 768w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/2019-Winners.jpg 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-117\" class=\"wp-caption-text\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">2019 Piranha Pool Winning Team &#8220;PalFit.&#8221; Team members from left to right: Rafael Grande, Mansu Kim and Brandon Samoranos<\/span><\/p><\/div>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\">PalFit<\/span><\/h2>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\">2019 Piranha Pool Winning Team<\/span><\/h2>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">During the 2019 Piranha Pool Competition, six teams entered the competition. The top four teams moved on to the final round. The winning team pitched an idea for a product called PalFit.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cPalFit is a matchmaking mobile app for fitness. It connects fitness partners and forms a community.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">PalFit allows fitness users to break out of the self-oriented cycle of workout. They can connect with a community of fitness users who help and coach each other,\u201d said Brandon Samoranos, one of the co-founders of PalFit.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">When developing the PalFit business plan, Samoranos focused on creating financial statements for the company.<\/span><\/p>\n<div id=\"attachment_119\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-119\" class=\"wp-image-119 size-medium\" src=\"http:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/DSC_0250-300x155.jpg\" alt=\"2019 Piranha Pool Competitors\" width=\"300\" height=\"155\" srcset=\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/DSC_0250-300x155.jpg 300w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/DSC_0250-1024x528.jpg 1024w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/DSC_0250-768x396.jpg 768w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/DSC_0250-1536x791.jpg 1536w, https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/11\/DSC_0250.jpg 1708w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-119\" class=\"wp-caption-text\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">2019 Piranha Pool Competitors<\/span><\/p><\/div>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">Samoranos\u2019 fellow co-founders, Mansu Kim and Rafael Grande, were involved with the company vision and product development.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cI mainly focused on developing the original vision, curating the overall idea and developing the strategy of PalFit,\u201d said Kim.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">Grande worked on curating the final product.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cI was in charge of developing a vision and structure for our company, managing the image and developing the overall business plan,\u201d said Grande.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">All three team members are majoring in business administration at DVC. They met through their membership in DVC\u2019s business club, Phi Beta Lambda.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cWe were doing \u2018elevator pitch\u2019 practices, pitching the idea to a random person in the crowd of over 60 people. That led to the formation of the team with the goal of entering the pitch competition,\u201d said Samoranos.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">The PalFit team attended workshops to prepare for the competition. They wrote a 20-page business plan and created a slide deck for the pitch in front of the judges. They knew they had worked hard to prepare, but they were still surprised to learn they had won the competition.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cThe other teams were definitely qualified and everyone gave it their all, so hearing we won filled us with excitement,\u201d said Samoranos.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">The team highly recommends other students participate in the competition.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\">\u201cThis opportunity allowed us to work in a team environment and pushed us to the limit. The learning curve from confronting the business plan, logic and data was tremendous. But it showed us that there is no limit to what we can do,\u201d said Samoranos.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you have an idea for a new product or business? Ever wondered how to fund your startup? Jump into DVC\u2019s Piranha Pool and find out! \u201cThe DVC Piranha Pool Pitch Competition is similar to the popular TV program, \u2018Shark Tank.\u2019 Students present their idea for a new business or product to a group of&#8230; <a class=\"read-more\" href=\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/student-entrepreneurs-swim-with-big-fish-in-the-dvc-piranha-pool-pitch-competition\/\">read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,1],"tags":[],"article_type":[],"class_list":["post-111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurship","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.3.1 (Yoast SEO v25.3.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Student Entrepreneurs Swim with Big Fish in the DVC Piranha Pool Pitch Competition - Winter-Spring 2021, Volume 3 \u2013 Issue 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/student-entrepreneurs-swim-with-big-fish-in-the-dvc-piranha-pool-pitch-competition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Student Entrepreneurs Swim with Big Fish in the DVC Piranha Pool Pitch Competition\" \/>\n<meta property=\"og:description\" content=\"Do you have an idea for a new product or business? Ever wondered how to fund your startup? Jump into DVC\u2019s Piranha Pool and find out! \u201cThe DVC Piranha Pool Pitch Competition is similar to the popular TV program, \u2018Shark Tank.\u2019 Students present their idea for a new business or product to a group of... read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/student-entrepreneurs-swim-with-big-fish-in-the-dvc-piranha-pool-pitch-competition\/\" \/>\n<meta property=\"og:site_name\" content=\"Winter-Spring 2021, Volume 3 \u2013 Issue 2\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-07T02:32:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-04T16:12:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/wp-content\/uploads\/sites\/7\/2020\/12\/Piranha_800.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"jfinetti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jfinetti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/student-entrepreneurs-swim-with-big-fish-in-the-dvc-piranha-pool-pitch-competition\/\",\"url\":\"https:\/\/dvc.mycareerfocus.org\/spring-2021-volume-3-issue-2\/student-entrepreneurs-swim-with-big-fish-in-the-dvc-piranha-pool-pitch-competition\/\",\"name\":\"Student Entrepreneurs Swim with Big Fish in the DVC Piranha Pool Pitch Competition - 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