Strumstick Com News Today

They could get the financials in there. great pitch. this is our first elevator pitch thats been accompanied by music. ♪ >> im one of the 88%. you got me. you have one customer, but lets see what the investors think. lets start with you. how was his pitch? did he include everything? >> his pitch was good. he talked about the 88% of people who would love to play an instrument. quantify the market size, and further i would need more information on customer acquisition. how are you going reach th...

You finger one string and strum all three. it sounds great right from the beginning. and theres no wrong notes. ♪ >> weve sold 65,000 strum sticks in -- since weve started making this instrument. and weve sold in music stores, gift stores, and catalog stores. its great for families, great for kids. in fact, its so easy -- ♪ >> even adults can play. 88 people in the u.s. wish they could play a musical instrument, thats from a gallup poll. the strum stick is a perfect instrument for that vast ...

Most used to, is revenue sharing. you actually get something back if you choose to invests in a company. >> okay. how do you do that? theres a web site? >> its called pro-funder.com. there arent a lot because of regulatory reasons. they only deal with incorporated businesses. second, come up with your idea. i have an ecodry cleaner, i want to go to five locations. you want to write up your fundraising pitch to put on the web site. one of the big things you have to sort out is a term sheet. and b...

We were talking about youve got experience, others others. if im going to invest with you and meet with you, i want to meet with you, as well. strum stick is good, youre good. id take the meeting. >> and i suppose you would, too? >> i would take the meeting even based on the fact that he sold 65,000 units. that means theres traction on the business. >> or based on the fact that he sarajevoinat -- that he serenad you with his hitch. >> nice to meet you. >> nice to meet you, too. >> if you would l...

The low end, $100, on the site. at the high end, they give guidance on compliance. one of the advantages is theyve got templates for term sheets. entrepreneurs go term sheets, no clue. there are examples that you can use. >> this is such an interesting idea. we talk so much on the show about getting friends and family to invest. but what this does, it creates a way to do it that makes sense. and its -- formal and legal and it does a good job. >> profunder.com. >> thank you very much, bruce, appr...

You go and fulfill the orders. this thing called negative working capital which is, you know, obviously in 2010 really, really important with all of the banks still for small businesses as tight as they are, and it also helps with regular cash flow management. do you have a hard time keeping track of all of the business cards you receive? i know i have them all over the bottom of my purse and in my wallet. so i need this web site of the week. captureng.com can help you keep track of easy to lo...