Ready to Never Need a WiFi Password Again? | Elevator Pitch S11 EP6
Hear from Mario Soave, founder of CleverFi, which connects users to Wi-Fi automatically without the need for passwords.
The show is Entrepreneur Elevator Pitch, and it challenges contestants to pitch their company to our board of investors during a 60-second ride to the boardroom. If the investors like what they hear, the elevator doors open, and the negotiations begin. If they don't like what they hear, the elevator goes back to the ground floor, and the entrepreneurs leave empty-handed.
The show is Entrepreneur Elevator Pitch, and it challenges contestants to pitch their company to our board of investors during a 60-second ride to the boardroom. If the investors like what they hear, the elevator doors open, and the negotiations begin. If they don't like what they hear, the elevator goes back to the ground floor, and the entrepreneurs leave empty-handed.
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NewsTranscript
00:01Welcome to the elevator.
00:03My name is Mario Soave. I am the founder of Cleverify.
00:06We created a new solution that allows anyone to connect to Wi-Fi automatically and securely
00:13without having to ask for the password ever again.
00:15Fast forward, now Cleverify has launched, it's generating some revenue in the hospitality
00:20but we're also testing cafe, restaurant and even businesses.
00:23We're seeking for $200,000 for 4% of our company.
00:27Thank you and ciao.
00:31An interesting industry with so many different connected devices.
00:35Don't you have the Apple device where you basically share your password?
00:38I can just put my phone next to your phone and it just shares automatically.
00:41I liked his charm. I just felt like the charm was a, I have some revenue.
00:46Some revenue.
00:47Some revenue.
00:48Guys, I'd like some revenue too but how much is some?
00:51A vote is necessary.
00:52Let's do it.
00:54Approved.
00:55Approved.
00:56I think everyone starts somewhere so you've got to get into market, get market feedback,
01:00understand the pricing model.
01:01It's unfortunately too early for me so I'm going to pass.
01:06This is the type of company you start to build some track record and then all of a sudden
01:10a big company comes along.
01:12Because I don't know exactly which company would be the one that acquires you,
01:16I'm going to have to pass.
01:18Okay, thank you.
01:19This was such an interesting idea.
01:21It just wasn't quite at the point where I think we could pull the trigger
01:24to make a significant investment.
01:25But we think it's an idea that we want to support.
01:28So, on behalf of Amazon Business, we'd like to give you $10,000
01:34which we hope you will use to grow your business.
01:38Thank you so much. I am blessed of this grant.
01:42Thank you so much.
01:43You're very welcome.
01:44You never know what's going to happen in Entrepreneur Elevator Pitch.