Forget the Pitch, Make a Tweet

[N]ow there's news Richard Branson is accepting "micropitches" via Twitter for new startup ideas.

It's all part of a new startup conference dubbed PerfectBusiness that the billionaire entrepreneur is helping to get going, and it's pretty simple. All you have to do is Tweet your business idea to @PerfectBusiness and add the hashtag #micropitch... which means your business idea has to be compressed down to just 111 characters to fit into the available space of a Tweet. Winners will get two tickets to the conference, airfare to L.A. included, and business coaching to turn the Tweet into a meaningful, complete company plan. There's even the chance Branson and team will choose your idea and get some VC funding on board.

(Thanks to Belmont alum Tyler Seymour, co-founder of Just Kidding Productions, for passing this along).