Local Startup Competition Adds Notable Committee Members



1ST50K, a recently launched startup competition is announcing that new members have been added to an already impressive group of successful entrepreneurs, investors, and business leaders that are committed to working with local entrepreneurs to make their ideas a reality. Tim Goodman is President of Benton Hill Investment Company in Cape Girardeau, Missouri and serves on the Board of Directors and Loan Committee for Capaha Bank. Prior to joining Benton Hill Investments he served as Chief Financial Officer for Health Services Corporation of America for 16 years. He is a Certified Public Accountant and earned a bachelor of business administration degree from Southeast Missouri State University. Tim and his wife Cathy live in Jackson, Missouri and have two children, Malerie and Spencer. Dwain Hahs is President of Stonehenge Investments in Jackson, Missouri. He is a former executive at Bausch & Lomb where he was President of International Businesses and Consumer Products, among other positions during his 31-year career. He is Chairman of the Foundation Board and adjunct instructor at Southeast Missouri State University, and serves on the Board of Jackson R2 Foundation. Dwain and his wife Susan live in Jackson, Missouri.

“One of the unique benefits of our competition is the opportunity for applicants to work with local, highly-qualified mentors and coaches”, said Jeff Maurer, cofounder of 1ST50K and Traverse Ventures, a new formative-stage venture fund supporting the competition. “Tim and Dwain have exceptional experience and insights to offer participants in the competition. Like the other committee members, they are committed to helping local entrepreneurs execute on their ideas and make them a success,” he added. The innovative competition, which began accepting applications on 1/1/2015 at, was modeled after and is supported by Arch Grants, a nationally recognized program operated in St. Louis, Missouri. The competition format for 1ST50K provides an unparalleled experience for participants. “Unlike traditional business plan competitions, 1ST50K focuses on providing helpful feedback so participants have the best opportunity to iterate their way to a successful pitch day,” said Dr. James Stapleton, co-founder of Codefi, and director of the competition. “We are extremely pleased by the number of applications we have already received,” he added. The deadline for initial application is April 17. For more details or to apply, go to