Hofstra Law students Seema Rambaran 3L and Reza Yassi 3L, along with eight other finalists, will compete on April 20 for three top prizes valued at $70,000 in the 2018 Hofstra-Digital Remedy Venture Challenge.
The annual entrepreneurship competition, now in its sixth year, is administered by the Hofstra University Center for Entrepreneurship and was made possible through a donation by Hofstra Trustee Mike Seiman, CEO of Digital Remedy.
The finalists were selected by a panel of judges, including Seiman, during the semifinal round of the annual business plan pitch-a-thon, held three weeks ago at the Hofstra University Center for Entrepreneurship’s business incubator, IdeaHUb. The final round will be held at Hofstra’s Lawrence Herbert School of Communication and can be viewed via Livestream.
Seema’s business idea, a tech startup called Lawdio, provides audio recordings of law school cases. “With Lawdio, for a small fee students can download individual cases to listen to or they can subscribe monthly and download a number of audio cases,” she says. “The goal of this service is to make preparing for class an activity that students can do anytime, anywhere, not just when they can sit and focus on words on a page. We are a tech-savvy, on-the-go generation. Preparing for class should be brought up to speed.”
Reza’s business idea, an online platform called Attornneed, connects law firms and legal organizations with law students through virtual internships. “Attornneed aims to bridge the gap between legal employers and law students,” he says. “It makes law students more practice-ready while providing a meaningful interaction between the two parties. It also provides a more relaxed and comfortable environment when the parties eventually come together for an interview because there have been significant interactions between the parties prior to the meeting.”
Both students credit mentors at IdeaHUb and Hofstra Law with helping them develop their business proposals.
“The support from the mentors and folks at the IdeaHUb has really pushed me to think about how my service can work and the steps I need to take to make it a reality,” says Seema. “I cannot say thank you enough to Aaron Foss, Stacey Sikes and Sharon Goldsmith for their useful input and thought-provoking questions, not to mention the other avenues to think about that Dean Monticciolo and Professor Yaroshefsky have also provided me with. As students, we are fortunate to have people and institutions that can help us not just in our academic endeavors but also in our recreational and entrepreneurial activities.”
“Of course, every good business is developed around a problem that needs solving,” says Reza. “However, I would not have been able to come up with a solution if I did not have the mentors within the school who helped me develop my idea. There were many legal intricacies that I had to figure out before even considering this idea, and having access to professors like Theo Liebmann, Jennifer Gundlach and Mark Lesko was critical to my success.”