AlleyCorp, a renowned New York-based venture capital firm, has unveiled its first-ever pitch competition, named Peerless, aimed at bolstering early-stage founders, particularly from historically marginalized communities such as Black, Latine, and Native American backgrounds.
Strategic Partnership with MLT
In collaboration with Management Leadership for Tomorrow (MLT), a national nonprofit dedicated to expanding opportunities for high-achieving individuals from underrepresented groups, AlleyCorp’s Peerless competition seeks to provide crucial support and resources to entrepreneurs facing systemic barriers to funding and support.
Generous Investment Prize and Support Network
The competition offers a remarkable grand prize of $1 million through an uncapped convertible note at a 20% discount, along with invaluable support from a network of esteemed partners, including Harlem Capital, BBGV, VamosVentures, Human Ventures, AWS Startups, and the New York City Economic Development Corporation’s Venture Access Alliance.
Additionally, the winner will benefit from talent recruitment assistance, ongoing mentorship, access to industry networking events, and membership to Tech:NYC.
Application Process and Timeline
Submissions for the Peerless competition are now open on peerlesspitch.com, welcoming early-stage founders to showcase their innovative ideas.
Over the following weeks, selected nominees will have the opportunity to participate in virtual pitch and networking events throughout the spring, culminating in the final pitch and winner announcement scheduled for this summer.
About AlleyCorp and MLT
Founded by serial entrepreneur Kevin Ryan, AlleyCorp is renowned for incubating and investing in transformative companies across various sectors, including Diversified Technology, Healthcare, Robotics, and Social Impact.
Notable companies incubated by AlleyCorp include MongoDB, Gilt Groupe, Business Insider, and Zola.
Meanwhile, Management Leadership for Tomorrow (MLT) has been empowering individuals from underrepresented communities since 2002, enabling them to achieve their full potential through mentorship and leadership development programs.
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