A Richmond startup company that helps freelancers set aside the right amount of their income for taxes won $500,000 in a business pitch competition this week in New York.
Painless1099 was one of six emerging companies that won $500,000 prizes in the competition, hosted by 43North, an organization that runs a business incubator in Buffalo, N.Y.
Painless1099 and 10 other finalists pitched their business plans to a group of judges in Buffalo this week. Four other companies received $250,000 awards, while one received a grand prize of $1 million.
The company was founded earlier this year by local entrepreneurs Justin Kausler, ACe Callwood and Matt Russo.