MUNICH, Germany, 21 October – A total of 12 start-ups had been nominated to pitch at the TechCrunch Munich event, the first session of its kind in the Bavarian capital city. There were about 150 people in the audience, while 500 more were watching the  event online, via a live broadcast provided by Stream5, and following the event on Twitter (#TCM09).

valuescope co-founder and investor Siegfried Lautenbacher called upon the young entrepreneurs to pay more attention to their clients instead of focusing on support by governmental institutions.

Following the panel discussion, Mike Butcher from TechCrunch Europe called for the five most promising start-ups of the day.

valuescope was awarded with a third prize, and amongst the nominees the only company with a solid, subscription based business model (Freemium/long tail).

Overall Finsearch360°com (www.finsearch360.com) valuescope’s flagship solution for finance and technology professionals was widely received: “Extremely good presentation, very focused” and “quite a round story” to cite only two of the encouraging comments. The team also got positive feedback during the following get together, and our site attracted lots of new visitors.

We’d like to thank Sun as a venue host, in particular Sun4Startups represented by Christian Mueller for the organisation, and Mike Butcher for a straightforward moderation.

A summary of the event can be found on http://thenextweb.com/europe/2009/10/20/hot-techcrunch-munich-event