FundingUniverse Speedpitching Events: Raise Money for Your Startup now has about 1,000 angel investors in virtually every state. The company, which I helped found in early 2005, is holding its 5th speedpitching event today in Sandy, Utah. It has held events in 6 or more states and has plans to continue to expand.

I\’ve attended several of these events representing the small fund we have at Provo Labs, as a potential investor.

The coaching and practice sessions have been extremely helpful. Imagine trying to get your entire business plan onto a 1-page summary that will be distributed. And then imagine being forced to tell your story in 4 minutes. That\’s what all the entrepreneurs learn how to do.

After the 4 minute pitch, the investors get 3 minutes for Q&A. Then you go to the next table and give your pitch again. You do this 5 times before lunch, and then 5 times after lunch.