Alexis Ohanian is on the hunt for America's next bold entrepreneur -- and he wants to hear your pitch.
The Reddit and Initialized Capital co-founder is teaming up with 1850 Brand Coffee to invite aspiring entrepreneurs to pitch their own enterprising ideas for the chance to be mentored by Ohanian himself and potentially take home the grand prize of $18,500 to fuel their pioneering passion.
Ohanian was on hand at the #1850BoldContest kick-off event on Tuesday evening in New York City, offering tips to aspiring entrepreneurs and revealing what he looks for in a founder that he is considering backing financially.
Ohanian even offered his top tips for entrepreneurs to AOL Finance:
Ohanian stressed that anyone heading into business needs to be resilient, relentless and compelling.
"One of the things that I think is entrepreneurship at its best, is that fact that if you can show that you have the skills for or are capable of doing the thing that you say you're going to do, and that you thought about the market and there's a real opportunity there," the tech titan said during a Facebook Live Q&A session. "And you can be compelling, and you can show that you've demonstrated this kind of relentlessness in the past and an ability to execute, really deliver."
The 1850 Brand Coffee contest began on July 24 and will be open through August 28. Interested entrepreneurs can enter the contest by submitting a 60-second video via Instagram or Twitter using #1850BoldContest.
Ohanian and the 1850 team will select three finalists this fall. Finalists will present their pitches to Ohanian, a group of sponsor representatives and a panel of judges. The finalists' pitches will be filmed and shared on social media, so viewers will have their opportunity to weigh in on who they feel deserves the grand prize of $18,500. The grand prize winner will be selected in December.