Cornell University's 'Big Idea' business competition just announced that Cornell University Senior Matt Ackerson was the first-place winner for his Web site, Scrimple.com. After considering entries from 150 applicants, ten finalists were chosen to present three-minute synopses of their business ideas to a standing-room-only crowd in Statler Hall's Beck Center on April 11, 2008 during the annual Entrepreneurship @ Cornell Celebration.
Scrimple.com is a Web site that offers college students downloadable coupons for discounts at local businesses. The site caters to budget-conscious college students, who can print free coupons and redeem them in Ithaca stores or restaurants for discounts or free items. Participating businesses pay either for each coupon printed from the Web site or a fixed annual fee to win new customers.
In addition to Ackerson who serves as founder and CEO, Scrimple's management team includes Angeline Stuma '09, director of marketing for Scrimple; Natalia Avalos '07, director of sales for Scrimple; Sylvia Ng '08, assistant director of marketing for Scrimple; and Kerry Motelson '08, director of operations for Scrimple.
eClips had the opportunity to interview Ackerson about the challenges of being a student entrepreneur and discusses the background, funding and growth of Scrimple. Click on the video below to hear Ackerson discuss the importance of havingthe right people on board at the start...
To read more about Ackerson's win, click here to access the Cornell Chronicle article.