events

BROKER BATTLE RULES EXPLAINED

How will the Broker Battle at deBanked CONNECT MIAMI work?

Round 1
Each of the 6 contestants goes individually in front of the 4 judges for a span of about 3 minutes. They begin with a very brief opening pitch and then the judges ask them questions. Each contestant can choose from 1 of 3 pre-defined scenarios so that they, the judges, and audience have a basic framework to work with. The MC will announce which scenario the contestant has chosen before the contestant goes so that the audience is aware.

Scoring
Judges will rank each contestant from a score of 1-10. 1 being the lowest, 10 the highest. After all six contestants have gone, the totals of each candidate will be tallied up. For example, if someone received a score of 6,8,5,and 9, their total score is 28. The contestants with the top 2 combined scores go to the final round. If there is a tie for the top 2 spots, the audience will decide the winner by crowd noise/enthusiasm.

Championship Round
Both contestants are on the stage at the same time in front of the 4 judges. They will be given the same scenario, which will be revealed and announced on stage right before they go. They will each individually begin with a very brief opening pitch whereby they will then field questions from not only the judges but also be given the opportunity to give rebuttals to their competitor’s statements.

Scoring
Each of the 4 judges will pick their favorite. If it is tied 2-2, the audience will decide the winner by crowd noise/enthusiasm.

Prize
The winner gets a $5,000 grand prize and the designation of Top Broker.

The Broker Battle is the final event at deBanked CONNECT MIAMI on Thursday. It starts at 5:10pm. While there will be cameras, it will not be livestreamed. Anyone hoping to see it will need to have a ticket. Please review this post I made in regards to the disclosure of any perceived conflicts of interest. None of the contestants paid to enter. As someone who has worked professionally with 200+ companies in the industry over the span of 18 years, I am unable to play favorites even if I wanted to. I have no idea what will happen but I will be MCing it. This will be a good clean fight!

deBanked CONNECT San Diego Reviewed

deBanked CONNECT marked its return to San Diego at the Wyndham Bayside Hotel directly across from the waterfront on N Harbor Drive, a prime location accompanied by many museums, restaurants, and a calming view of North San Diego Bay. The timing of the event paired perfectly with the Miramar Air Show, Hispanic Heritage Weekend, Adams Avenue Street Fair and other festivities taking place that weekend.

deBanked’s Chief Editor, Sean Murray opened the event by noting that California’s Commercial Financing Disclosure Bill thankfully didn’t cause the world to end. He also highlighted that California is the industry’s third-largest market, following Miami and New York. To his surprise, many attendees were experiencing a deBanked event for the first time.

Justin Thompson, CRO at National Funding, said that prior to deBanked’s expansion to the locale in 2018/2019 that most of the events there had to do with merchant processing, SBA loans, or equipment financing and that the 2019 show set the tone for more events to be brought out to the Southern California.

“It was great, I think it was appropriate to have something out here on the West Coast – probably in terms of the count of brokers is more on the East Coast –there’s also some pretty large brokers on the West Coast and I think it was real good opportunity to have everybody here on the West Coast that maybe couldn’t have gone to the East Coast to do stuff,” said Thompson. “There’s some new faces and some new opportunities to meet the people and build new relationships.”

deBanked CONNECT San Diego showcased tech demos from Ocrolus, Onxy IQ, and Dragin. Guest speaker Tye Hanna, CEO of Titan Asset Management, touched on what MCA portfolios are worth and how to value them. And Brock Blake, CEO of Lendio, drew in a large crowd discussing tech platforms that have entered the lending space and the necessity of innovation.

The panels began with the ‘Legal and Regulatory Developments’ with David Austin, Marshall Goldberg, and Scott Pearson and concluded with ‘Navigating the New Normal’ featuring Patrick Manning, Benjamin Flowers, Josh Jones, and Shelley Shivers.

At the end, attendees gathered on the outdoor terrace to unwind and continue the networking. The sunset met guests exactly as it began, a beautiful way to conclude the day. deBanked CONNECT Miami was also announced and set to be for January 11, 2024.

deBanked CONNECT San Diego 2023 Photos

We’ve got the deBanked CONNECT San Diego photos HERE!!!

And while you’re at it, now’s your chance to take advantage of early bird pricing to deBanked CONNECT MIAMI 2024 as it returns to Miami Beach this January! It’s baccckkkkk.