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Mark Cuban and John Paul Dejoria are on the judging panel - will a brand get an investment?
June 30, 2015
By: Marie Redding
Senior Editor
The first-ever, and first-of-its-kind event – Beauty Pitch – will take place on Sunday, July 12th at the Professional Beauty Association’s (PBA) Business Forum during Cosmoprof North America (CPNA) in Las Vegas. Beauty Pitch is an innovative competition that gives beauty entrepreneurs the chance to gain exposure while competing for a possible investment that could catapult their brands to the next level. During the event on July 12th, the competition’s five finalists (shown in the slideshow above) will present live to an esteemed judging panel. “We are overwhelmed with the success of the first annual Beauty Pitch. There were so many qualified and diverse submissions showcasing the creativity of our industry, which made the judging very difficult, but rewarding. Each one of the companies chosen put their best into their respective presentations. We can’t wait to have the final five share their entrepreneurial spirit…” commented Steve Sleeper, executive director, PBA. Mark Cuban is one of the “Prizes” One winner will receive a prize that’s priceless – a one-year mentorship from Mark Cuban. The same company, or another, may also get funding from a reputable private equity firm. Three participating investor groups, TSG Consumer Group; North Castle; and CircleUp, will review all the applicants. Cuban is the owner of the Dallas Mavericks, and star of Shark Tank, ABC’s reality television show about real-life entrepreneurs. Cuban will listen to the finalists’ presentations, then provide direct feedback and advice. Cuban was at CPNA 2014, giving the keynote address at PBA’s Business Forum. “I’m thrilled to return to CPNA and PBA Beauty Week as I have a vested interest in building my industry knowledge to further support the three beauty brands I currently own and mentoring one winning brand from the Beauty Pitch to success,” said Cuban. Beauty industry icon John Paul Dejoria, CEO/co-founder of John Paul Mitchell Systems and co-founder of Patron Tequila and Spirits will join Cuban in the critiques at Beauty Pitch, for his first year participating at CPNA. Two additional panelists will also be on hand to provide constructive criticism to the Beauty Pitch finalists – Melissa Goldstein, beauty & lifestyle director, Martha Stewart Living/Weddings; and Neil Parmar, journalist, INC. The five finalists were chosen on May 15th when ten semi-finalists were evaluated based on proof of concept, presentation, business health and uniqueness. The initial judging panel included: Scott J. Buchanan, Scott J Salon & Spa; Katie Fitzgerald, CircleUp; John Heffner, The Drybar; Harlan Kirschner, The Kirschner Group; Diane Miles, TSG Consumer Partners; Daniela Ciocan, Cosmoprof North America; Charu Siri, Wall Street Journal / CNN; and Steve Sleeper, PBA. Meeting the Requirements to Participate in Beauty Pitch The annual Beauty Pitch competition isn’t open to every small start-up company. Applicants had to prove they are ready to take their companies to the next level by meeting certain criteria. Here’s what it took to make it through the first rounds:
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