Pitching the Oracle of Omaha

Anne VanderMey | Apr. 11, 2014 | Fortune

Warren Buffett

FORTUNE -- In front of a standing-room-only crowd at a Rice University auditorium Thursday night, business plan contestants set the scene: A would-be student entrepreneur walks into an elevator with Warren Buffett. They have 30 floors -- or 60 seconds -- to get him to invest in their company.

More than 40 student teams delivered elevator pitches to an imaginary Oracle of Omaha. But the crowd was real: Nearly 500 students, investors, and Texas business leaders crowded into the Houston business school auditorium. This micro-spiel showdown is a high-drama event at the university's annual business plan competition, which draws teams from all over the country to compete for $1.6 million over the course of three PowerPoint-filled days.

Best appeal to the hypochondriac in all of us: NanDio, University of Notre Dame

The plan: The team says it has a simple diagnostic test for the human papillomavirus, which it says is causing epidemic levels of oral cancer, according to the Centers for Disease Control and Prevention.

Read more at Fortune

 by Daily Domer Staff

Posted In: Features