ED Magedson – Founder
Black Enterprise260 Madison Avenue New York, NY , New York USA
Black Enterprise Black Enterprise, Black Enterprise Elevator Pitch Contest,100 Urban Entrepreneurs / 100UE 2011 Black Enterprise Elevator Pitch Contest is a SCAM New York, NY New York
The 2011 Black Enterprise Elevator Pitch contest was a scam and winning enturepuernes/companies have yet recieve their $10,000 grand prize award. The contenst was held again in 2012 and 2013. Since the 2011 content, Black Enterprise has continued to operate the content and give winners cash prizes, while winners from the 2011 contest have yet to be paid.
Starting for the beginning, after winning the Grand Prize at the 2011 BE Entrepreneur Expo I was told reps from 100UE would be following up with me to explain how to claim my prize. Immediately after the event, a Black Enterprise rep told me that I would be receiving my funding within 30 days, they even gave me a tax form to complete the night of the event.
Inopportunely, we have also learned that this also as an adverse affect on future funding requests until we are able to transition our donation sources to U.S companies, organizations, and individuals. As a result, we ask that you please hold off on your second requests until we are able to sort things out. And for those of you who have already requested a second round of funding we will be asking you to revisit them in the near future.
As of right now, things are dead in the water; even the e-mail correspondence between people on the team has pretty well dried up. Which doesn't mean anything's permanent, but it's definitely frustrating. If you want, feel free to e-mail Magnus Greaves (email removed) and inquire with him, as he's much more involved in the actual financing aspects of the whole production than I am. Sorry I don't have more news for you, or certainly better news. But maybe drop Magnus a line and see if he's got any additional information.
At this point I simply hope that Black Enterprise does the right thing and honors the promise they've made. While $10,000 might not seem like alot of money to some, it's a TON of money for a small business. I worked hard to build my business, win the contest, and follow the rules...now I simply want Black Enterprise to do the same thing.
While some contestants and former winners may have had a different experience. I'm simply sharing my experience with the Black Enterprise Elevator Pitch Contest in hopes that I can bring enough attention to the situation to get a fair and timely resolution.
This report was posted on Ripoff Report on 08/08/2013 10:51 AM and is a permanent record located here: http://www.ripoffreport.com/reports/black-enterprise/new-york-ny-new-york-10016/black-enterprise-black-enterprise-black-enterprise-elevator-pitch-contest100-urban-entr-1074162. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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