The Cable Car Challenge is a business planning competition in Wellington.
I was an absent judge this year but was delighted to be at the final award ceremony tonight.
Congratulations to BIMCache who won, and launch next month in Vegas. BONZ and Life Inc were worthy runners up. All the finalists were impressive.
I had a number of thoughts as I watched the finalists.
- The standard of presentations and ability of the presenters to quickly convey their business has stepped up significantly from last year.
- The short business summaries had massively improved in some cases. When you are judging and have to read a stack of business plans, a well designed, concise and branded document is so much more digestible.
- The finalists were all non-trivial businesses and almost all global from day one. The new generation of business owners are truly global. That was cool to see.
- Even businesses that are fairly common in these sort of business planning competitions, like clothing brands, all had unique point of difference and business model, whether it be building and using a community in interesting ways, or extending the value proposition over the internet. I heard some great new ideas through this process.
Well done everyone. Wellington has become a hub of entrepreneurial activity. I was very proud.