Huntsville entrepreneur wins $750K in startup competition

Huntsville entrepreneur Ruth Young-Loaeza just came away with a $750,000 prize in a competition for startup businesses last week.

Young-Loaeza is the founder of Neet Sheets, and impressed the judges so much that she is receiving national attention.

Entrepreneur Ruth Young-Loaeza wins Halobama Pitch Competition

Young-Loaeza started Neet Sheets after making more than 20,000 beds during her 24 years as a housekeeper. She essentially invented a sheet that cuts bed-making time in half. In essence, the sheets have flaps that allow for ease of application and uniformity in fit, which element frees the user from having to move about the bed to ensure an even and smooth fit.

She came to Alabama through an accelerator program, decided to stay, and is now a nationally recognized business founder.

So how did she come away with $750,000? Well, she completed in the Halobama Pitch Competition in Tuscaloosa, and won first price, which was $250,000. But following the competition, judges Tim Draper and Innovate Alabama each decided to invest an additional $250,000 on top of the 250,000 prize money.

Watch her reaction to her win HERE.

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