I am of the belief that pitch competitions and startup battles are bad for entrepreneurship. Starting a company is not about winning a pitch competition it’s about building a meaningful business that adds value to your customers.
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IMHO: Pitch competitions are in a category of things that look like progress but aren't.
What is it good for? They’re lots of work, they’re time consuming, and if you need money or advice it’s better to just directly contact people for that.
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There is some upside: 1) Awareness (just by competing) 2) Practice (forces you to explain your business well) 3) Fun (if you're into competing) 4) Inspiring (can be a morale builder) 5) Validation (some customers/investors put stake in them) All worse than customer traction.
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Agree totally.
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