Politics. On Point.

Demo Day is normally done in the presence of wealthy Venture Capitalists (VCs) where entrepreneurs pitch (or demonstrate) their product or service idea in hopes of receiving funding (and recognition) to take their business idea to the next level.   On Tuesday, in the first ever Demo Day, entrepreneurs pitched their ideas to the president of the United States. President Obama with Demo Day entrepreneurs.  Photos/CD Brown. The event brought together minority and women-owned businesses, a demographic that often faces more barriers receiving funding. A study revealed that fewer than 3 percent of venture capital-backed companies have a woman as their CEO, while yet another study revealed that fewer than 1 percent have an African American founder.  "We’ve got to make sure that everybody is getting a fair shot", said President Obama, "not leave more than half the team on the bench." The president has received commitments from nearly 50 businesses t...

Presidential candidate Mitt Romney is taking President Obama's "You didn't build your business" remark to heart. Today, the Romney camp announced their 'Built By Us' merchandise collection. The collection is in response to the president speaking at a firehouse in Roanoke, VA where he said successful businesses owners didn't create their success by themselves. "Somewhere along the line someone gave you some help...   Someone created this unbelievable American system that allowed you to thrive." Mitt Romney's 'Built By Us' merchandise collection. Republicans took one line from the president's speech - "You didn't build it" (heard at the 1:45 mark in the video) - and used it to add fuel to their  already boiling over culdron of misstated texts and misunderstandings of the president's policies. From the Romney web site: "Mitt Romney understands success is not the result of government, it is the r...