This Shark Tank pitch was unusually mellow; the exchange between entrepreneur and investor was clear and concise and i enjoyed watching all the way.
Here’s 5 things i picked from this entrepreneur’s ( Dave Vasen ) pitch presentation.
1) He transformed a personal need into a business (Bright Wheel).
2) He spotted an opportunity in an industry he had experience working in.
3) His personalty – He presented himself as someone competent ; someone the investors could easily work with , his passion for the business absolutely shone through.
4) He sold his business as a validated business idea , he had proven the business concept (click link to read more about proof of concept ) – He developed an App, got a good number of users on it and was showing a healthy growth rate. He had created value in the business and he sold this value with clarity to the investors.
For me, this pitch is a practical lesson on how to prove a business concept/idea…
Watch , enjoy and feel free to share your own lessons from this pitch presentation….