Nice article at the Rapid Growth site profiling campus entrepreneur and Grand Valley State University student Joe Pohlen. According to the article by Angela Harris,
He eagerly participated in the first-ever Elevator Pitch Competition sponsored by the Collegiate Entrepreneurs Organization.
Pohlen pitched the idea of purchasing residential single homes and renting them out to college students in front of 13,000 people in attendance, including the founders of Jimmy Johns, Ubid.com, and Overstock.com. He had 90 seconds to pitch the idea, similar to getting in the elevator with someone important and having that brief time to plead your case.
The performance impressed the judges. Pohlen took fourth place and $1,000. At the time, he had already established Valley Properties LLC and owned one house. So he invested the winnings in the real estate business. Today, he owns and rents a total of seven houses.
Sam Zell, aka The Grave Dancer, started buying and managing homes in Ann Arbor while he was a student and went on to become the greatest real estate investor in America (not some PR stuntman like Trump). Heres a bit of info on the Grave Dancer.