I attended the 7th Annual Cupid’s Cup Business Competition and watched as 5 teams pitched their businesses. Reed Street Productions, a Zombie race event company (see the video of their pitch below) has booked over $3 million in revenue in less than 2 years. (It must be noted that Cupid’s Cup is a BUSINESS COMPETITION, not a BUSINESS PLAN COMPETITION — all competitors have operating firms — yes their revenues, development, profits, etc can vary widely)
Kevin Plank, Under Armour founder and CEO, underwrites the competition (it is named after the campus flower delivery service he created while an undergrad, walk on football player in College Park) and this year featured Maryland Governor Martin O’Malley, UMD President Loh, and some other great visitors. Past winners and participants such as My Fridge Rental, Crooked Monkey, and North Star Games were present. The real participation of alumni entrepreneurs appears to be one of the strengths of University of Maryland, the Smith School of Business, and the Dingman Center for Entrepreneurship.
Over 600 people were there as Reed Street Productions, the Zombie race company (Run for Your Life!), gave a great pitch — including astounding sales, cash flow, and strategy results and exciting multimedia. They took home the $17,500 first prize and also won the audience choice award. (watch their pitch below)