Jeremy Pease (BS ‘13) and Stiliyan Lazarov (BS ’10, MS ’13), both from the Seidenberg School, and Robert Caucci (BBA/BS ’11) from the Lubin School of Business, placed first in the New Business Concepts category at this year’s Pace Pitch Contest held on the downtown campus on April 11.
Drawn together by their common experience as resident advisers, the three students became aware of the complexities involved in operating a student residence hall and decided to take on the challenge of streamlining the various processes involved. As a result, Reslutions was born.
Web-based applications to handle activities like guest management, mail distribution and room transfer requests have already been developed and tested in “real time” in the dormitories on Pace’s downtown campus and have proved successful.
Aware that their idea was good and one that other academic institutions and possibly residential and commercial properties might like to adopt, the Reslution team decided to enter “The Pace Pitch Contest” in the hope of gaining exposure to potential investors and using the prize of $3,000 as seed money for their venture. After many required submissions dating back to last November, Jeremy, Stiliyan and Rob found themselves among the three finalists. On the evening of April 11, Rob Caucci, representing the team, delivered the winning three-minute pitch and captured the prize.
Jeremy Pease summed up the team’s reaction by saying “Within 45 minutes of our presentation, we had a validating roar from our users, and a validating vote of confidence from a panel of esteemed investors and startup gurus. The feeling one gets from so many different groups identifying with the value we’re trying to create is indescribable.”