With spring break just around the corner, most college students can hardly think of anything other than getting as far away from their college campus as possible.
However, that’s not the case for a team of four Texas MBA students, whose break begins just down the road from UT as they compete in the SXSW MBA Startup Competition.
“We’re really excited for SXSW,” says Dan Scellen, who along with teammates Joe Gosse, Ely Cohn, and Chase Machemehl will be representing McCombs in the competition to pitch their startup, Stereocast. “It will be a big stage for us,” he adds.
Stereocast is a platform that provides the ability to simultaneously share a live music performance at multiple locations, helping independent bands and venues by allowing them to expand their audience from the physical presence at the show.
“We blend the latest in low-cost, high-quality production technology into the workflow of the venue, then stream those shows live over the web to fans all over the world, who can watch it on their TVs, PCs, and tablets. It’s a disruptive way of consuming music, one that is at the forefront of many of the trends in consumers’ music and technology using habits. As the marginal value of another recorded song has eroded to zero, we believe we can connect the consumer and artist with a significant source of value,” says Dan.
The team’s journey to SXSW began right here in the business school, as the first round of the competition pitted four McCombs startups against each other to fight for the opportunity to represent UT at SXSW. Judging, which was done by Kevin Williams, John Doggett, and Rob Warren, was based on a video pitch and a 10-slide presentation.
After beating out their peers from McCombs, Stereocast will now join startups from other top MBA programs in the final round, where they will compete for up to $25,000 in cash prizes. The finals of the SXSW MBA Startup Competition will take place on March 9.
From all of us at McCombs, good luck, Stereocast!