The Galant Challenge
***In response to UVA’s COVID-19 directive, we are canceling the 2020 Galant Challenge, but will be back bigger and better in 2021.***
The Galant Challenge connects ventures from the UVA community with potential investors. This exciting event has successfully funded ventures with more than $2 million in capital, in just the past few years alone.
2019 Galant Challenge
The 2019 Galant Challenge will take place April 25, 2019, from 6:30 p.m. to 8:30 p.m., at the McIntire School of Commerce, Rouss & Robertson Halls, Room 120, on the Grounds of the University of Virginia. If selected, you must be able to be in Charlottesville April 25 to participate.
How to Apply
The Challenge is open to ventures founded by any current UVA student, UVA graduate, or individual currently affiliated with UVA. The deadline for submissions is 11:59 p.m., April 2, 2019, EST.Submit Entry
How It Works
- Each entry should include a descriptive 10-slide PowerPoint presentation (a proven format is Guy Kawasaki’s 10-20-30 approach) and a one-minute “elevator pitch” video clip (cellphone footage works well).
- Submissions should include information about the team, the opportunity, the market, the product/service and what is compelling about it, the progress to date, the next steps, and “the ask” (i.e., the capital that the venture is hoping to raise at this point in time, and what would be done with that capital). Garage Technology Venture’s Resources for Entrepreneurs can be a helpful source for additional insights about how to get started.
- Submissions must be made by 11:59 p.m., April 2, 2019, EST. Submit entry here.
Advance in the Challenge
- If our advisory team decides your venture is a fit for investor consideration, you will be selected to present on stage to the panel of judges and investors at the April 25 event. Finalists will be notified by Friday, April 12, 2019.
- Chosen ventures will meet with the judges/investors before the event at a mutually convenient time to explain their concepts—without the 10-minute constraints of the on-stage event.
- At the event, each venture will give a 10-minute pitch presentation, followed immediately by a Q&A session with the judges/investors.
- As with similar events (e.g., the television show “Shark Tank”), any interest voiced during the event will be followed by and conditioned upon due diligence, and more detailed discussions between the ventures and the investors.
- If selected to advance in the challenge, you must be able to be in Charlottesville April 25 to participate.
2019 Galant Challenge Showcase Judges and Investors
Mark Galant (McIntire '80)
Mark Galant, with a 35-year career on Wall Street, is the Founder of GAIN Capital Group/FOREX.com, an industry-leading online trading firm. He served as CEO at GAIN from its beginning in 1999 until 2007. Galant continued as Chairman until December 2010, when the firm went public on the New York Stock Exchange. He followed GAIN with the founding of Tydall Trading, a high-frequency algorithmic trading firm, trading over $10 billion a day. He currently is CEO of Tydall Holdings, a currency trading, real estate development, and startup investment firm.
Jim Cheng (Darden '87, Georgetown University Law Center '02)
Jim Cheng is a successful entrepreneur and venture capitalist. He founded, led, and successfully exited an IT services firm that he grew from five people to 550 people in nine years, and has started and led additional ventures since. He served as the Secretary of Commerce and Trade for the Commonwealth of Virginia for four years, contributing significantly to economic development, job creation, tourism, film, industry regulation and safety, housing, and a number of other commerce-related fields. He is currently Of Counsel at the law firm of Lee and Hayes and is working with several private equity and angel investment firms. He also teaches at the UVA School of Engineering and Applied Science and is Co-Chairman of the Board of CAV Angels.
Pat Hull has spent a lifetime creating, launching, and guiding successful companies and investments. In 1998, Hull revolutionized the transportation industry when he founded GetLoaded.com, the first online freight-matching service for long-haul truckers. Currently, Hull is serving as CEO of Encrypted Sensors, a cybersecurity encryption system, as well as CEO and Founder of Kloch, a network security platform. Hull also serves on the boards of several companies across multiple industries.
Hull has successfully led two of his companies through public acquisitions. In 2008, after leading GetLoaded.com to national prominence, Hull sold the company to Roper Technologies (NYSE: ROP), a diversified company, for approximately $80 million. In 2002, he founded FreightCheck, a freight bill factoring service that he later sold to Bibby Financial Services.
Hull is a speaker, author, blogger, and Forbes.com contributor. He holds a B.S. in Building Construction and an M.S. in Construction Management from Virginia Tech in Blacksburg, VA.
For more than three decades, Brian Rogers has been a leader in and to successful businesses, first as an employee, then as an executive, and for the past 20 years as a business owner and entrepreneur. Rogers began his career working for entrepreneurs at Ernst & Young. His 25-year career in industry has included stints at companies in the real estate, healthcare, and insurance sectors. In April 2017, Rogers closed on the sale of ArmadaGlobal, a business he co-founded in 2005 with Keith Sullivan, a long-time business partner and friend.
He is currently Co-Managing Partner of Elliott Sidewalk Communities, a real estate development firm. Elliott Sidewalk specializes in redevelopment of college towns. He is also Co-Owner of Gamberdella, a bridal business in Baltimore that has been in his family for over 40 years.
A Maryland native, Rogers graduated from the McIntire School of Commerce at the University of Virginia, where he played lacrosse. He also earned an M.B.A. from Loyola University in Baltimore. He resides in Baltimore with his wife, Lisa. They have four daughters. Rogers leverages his experience in business to catalyze a number of socially oriented enterprises.
*A complete list of judges and investors is to come.