40Billion.com plans to launch ‘American Idol’ of business plan competitions to create jobs
ATLANTA, Georgia – July 18, 2012 — Small business crowdfunding pioneer 40Billion.com (http://www.40billion.com), the leading professional crowdfunding and social networking platform, announced today that they are planning to launch Startup Superstar (http://www.startupsuperstar.com), a novel business plan competition that will help create jobs by supporting budding U.S. entrepreneurs.
“Startup Superstar is all about keeping the American Dream alive by helping small-business entrepreneurs access funding and resources, promoting new ideas, starting new companies, and building social networks for entrepreneurship and innovation,” stated Cornelius McNab, founder of 40Billion.com. “By helping aspiring entrepreneurs, we all will be winners in creating new jobs that our economy needs so desperately.”
The competition will feature from $25,000 to $100,000 in total prizes, funded by individual contributors and corporate sponsors. The more contributions and sponsorships that the company raises, the more prizes and winners there will be. Winners will be selected by a ‘crowd’ of judges made up of fans, investors, and sponsors.
Anyone can sponsor the competition and offer their support to aspiring entrepreneurs by going to either 40Billion ( http://www.40billion.com ) or Indiegogo ( http://www.indiegogo.com ) and searching for ‘Startup Superstar’ to see the sponsorship page. The company is offering rewards to both individual contributors and corporate sponsors. Individuals can make an online contribution of $25 or more and receive social media kudos or an exclusive ‘I am the American Dream’ T-shirt featuring the Startup Superstar logo. Corporate sponsorship levels start at $5,000 and offer coveted advertising packages and up to 500 votes for guest judges.
With over $70 million in raises facilitated so far, 40Billion.com is the social funding network for small businesses and startup entrepreneurs. 40Billion.com’s scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks – including friends, relatives, colleagues, customers, and other contacts – and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. In business since 2008, the company aims to address a $40 billion funding gap. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.