Forbes Partners with Ashton Kutcher and Guy Oseary of Sound Ventures, and Rough Draft Ventures (Powered by General Catalyst) for $500,000 Change The World Competition for Entrepreneurs
Competition to include $500,000 in prizes for entrepreneurs from around the world with disruptive and scalable business ideas
Four finalists will compete on stage at the fourth annual Forbes Under 30 Summit, Oct. 1-4 in Boston
BOSTON (August 9, 2017) – Forbes announced today that, for the second consecutive year, it is partnering with Ashton Kutcher and Guy Oseary, Founding Partners of Sound Ventures, as well as Boston-based Rough Draft Ventures (powered by General Catalyst), to host a $500,000 Global Change The World Competition for early stage entrepreneurs under the age of 30 who have disruptive and scalable business ideas. This competition will take place during the fourth annual Forbes Under 30 Summit, October 1-4 in Boston.
“We’re thrilled to be partnering with Sound Ventures and Rough Draft Ventures again to find the best entrepreneurs in the world,” said Forbesmagazine editor Randall Lane. “This competition sits at the very heart of the Forbes Under 30 Summit.”
“We love this competition because we believe so strongly in entrepreneurs who are looking to disrupt industries and make the world better, smarter and more efficient,” said Ashton Kutcher, Founding Partner of Sound Ventures.
“This partnership with Forbes and General Catalyst creates an important platform for change and innovation,” said Guy Oseary, Founding Partner of Sound Ventures.
“Rough Draft Ventures is thrilled to support game-changing Under 30 founders for the second consecutive year as part of the competition,” said Peter Boyce, II, principal at General Catalyst and co-founder of Rough Draft Ventures. “RDV’s venture fellows are excited to learn more about each of the ‘change the world’ solutions that will be submitted over the next few weeks, and we’re eager to meet the extraordinary founders behind the top startups this fall.”
Four finalists will pitch their companies on stage at the Forbes Under 30 Summit on Monday, October 2, to a panel of judges that will include Ashton Kutcher, Guy Oseary, Peter Boyce and Mike Perlis, Forbes Media CEO and Executive Chairman. One winner will be selected and announced on Monday, October 2. Rough Draft Ventures fellows will screen the business plan submissions.
About the Forbes Change The World Competition
Rough Draft Ventures (powered by General Catalyst) and Sound Ventures may each invest up to $100,000 towards the winning company, for a total of $200,000 for the top startup. Forbes will offer $300,000 in an in-kind media grant, bringing the total prize to $500,000.
Ashton Kutcher, Guy Oseary and Forbes have committed to a three-year partnership, from 2016 through 2018, to host competitions for entrepreneurs under the age of 30. Forbes hosted a similar competition during last year’s Forbes Under 30 Summit in Boston.
How to Apply for the Forbes Change The World Competition:
Submissions will be accepted August 9 – September 1. To qualify for the competition, one of the co-founders must be under the age of 30 (born after October 2, 1987).
To submit for the Forbes Change The World global competition, please visit: https://platform.younoodle.com/competition/forbes_under_30_summit_change_the_world_competition_2017
About the Forbes Under 30 Summit, Oct. 1-4, Boston
The Forbes Under 30 Summit, the definitive place to learn, network, collaborate, recruit and exchange ideas of the future, is expected to bring together more than 6,000 of the world’s top young entrepreneurs and game changers and 200 world-class speakers.
Speakers for the 2017 Forbes Under 30 Summit include Paul Tudor Jones, Founder, Co-Chairman, Chief Investment Officer and the controlling principal, Tudor Investment Corporation; Lilly Singh, YouTube Star; Tyler Oakley, YouTube Personality and The New York Times Bestselling Author; John Chambers, Executive Chairman of Cisco Systems; T.J. Miller, Actor and Comedian; Asia Kate Dillon, Actor and star of Showtime’s Billions; Sophia Amoruso, CEO & Co-Founder, Girlboss Media; Bozoma Saint John, Chief Brand Officer, Uber; Hikaru Nakamura, four- time U.S. Chess Champion; Ray Dalio, Founder, Co-Chief Investment Officer & Co-Chairman of Bridgewater Associates; Dr. Ruth Westheimer, Sex Therapist, Media Personality and Author; and Yasmin Green, Director of Research and Development for Jigsaw at Alphabet Inc., among many others.
There will be nine interconnected themed stages: Tech, Create, Capital, Impact, Discover, Wealth Advisor, Women@Forbes, Ideas and a Main stage. Forbes will also transform Boston’s City Hall Plaza into a central village where all attendees will be able to network, view demonstrations and performances and unwind at a pop-up beer garden.
For additional details on the 2017 Forbes Under 30 Summit in Boston, please visit https://www.forbes.com/forbes-live/event/under-30-boston. On Twitter, follow #Under30Summit.
Forbes Under 30 Franchise
Forbes’ Under 30 franchise is a global multichannel platform, which comprises 30 Under 30 lists featuring young global game changers published in print and online all over the world; live summits in the U.S., Asia and Israel; an Under 30 channel on Forbes.com; and a Forbes Under 30 app. To access Forbes magazine’s 2017 30 Under 30 list, please visit: http://www.forbes.com/30under30.
About Sound Ventures
Sound Ventures is an LA-based venture capital firm that invests in exceptional entrepreneurs. Since its founding in early 2015, Sound has invested in a wide range of technology companies—from enterprise to consumer, early stage to growth. Sound brings a unique and differentiated network to the venture community: artists, marketers, innovators and public sector thought-leaders. Our portfolio includes Gusto, Neighborly and Hooked, among others. For more information, visit http://www.sound-ventures.com/
About Rough Draft Ventures
Rough Draft Ventures (RDV) is General Catalyst’s student-focused program that backs founders at the university level. RDV is supporting and connecting the largest network of student entrepreneurs.
About General Catalyst
General Catalyst is a venture capital firm that makes early-stage and transformational investments. We back fearless entrepreneurs who are building market leading technology companies like Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, Gusto, The Honest Company, HubSpot, KAYAK, Oscar, Snap, Stripe, and Warby Parker. With offices in San Francisco, Palo Alto, New York City and Cambridge, MA, our portfolio companies benefit from a bicoastal network of talent, customers, and opportunity. For more: generalcatalyst.com.
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