The last company to present yesterday at TechCrunch50 was picked by the audience from the more than 100 additional companies vying for attention in our DemoPit. Every attendee got three TC50 poker chips that they could give to a DemoPit company each day, and the one with the most chips at the end of the conference became our 52nd finalist. This year’s winner was Iamnews, a crowdsourced newsroom with ambitions to one day take on AP and Reuters.

Iamnews is a news assignment hub for blogs and news Websites. It is a tool for crowdsourcing news. A blog or any Web publisher can use it to solicit submissions from citizen journalists—videos, photos, links, Twitters, notes, or full articles The Web publisher then takes all the submissions and pulls together the best ones to create a post or article..