Hear from Kyle Schiedemeyer, founder of Birdie Bombs, grip-n-rip alcohol shots made for golfers.
It's the season 11 finale of Entrepreneur Elevator Pitch, and contestants are fired up for their final chance at winning life-changing money from our board of investors.
Watch as hopeful entrepreneurs step into our elevator and have just 60 seconds to pitch their big ideas. If our board of investors likes what they hear, the elevator doors open, and negotiations begin. But if the investors don't like what they hear, the elevator heads back to the ground floor, game over. "I'm not in the business of wasting time," says investor Rogers Healy, owner and CEO of Morrison Seger Venture Capital Partners.
It's the season 11 finale of Entrepreneur Elevator Pitch, and contestants are fired up for their final chance at winning life-changing money from our board of investors.
Watch as hopeful entrepreneurs step into our elevator and have just 60 seconds to pitch their big ideas. If our board of investors likes what they hear, the elevator doors open, and negotiations begin. But if the investors don't like what they hear, the elevator heads back to the ground floor, game over. "I'm not in the business of wasting time," says investor Rogers Healy, owner and CEO of Morrison Seger Venture Capital Partners.
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NewsTranscript
00:00Welcome to the elevator for Hey investors.
00:05My name is Kyle Schiedemeier and I'm the owner and founder of Birdie Bombs.
00:08I'm here today to bring the party to your portfolio, your investment portfolio.
00:11I'm asking for $300,000 for 10% stake in my company.
00:15Birdie Bombs gave today's goal for the plot twist.
00:17They did not know that they needed.
00:19We replaced their golf balls with delicious celebratory shots.
00:23So investors, are you ready to hit the links and grip it and rip it with Birdie Bombs?
00:28Let's tee off on this opportunity together.
00:31Did he just take a shot?
00:32He did.
00:33I hope so.
00:34I cannot wait to see what happens if he gets into the boardroom.
00:38What I didn't understand is, is he actually in market?
00:41Has he made any revenue?
00:42I hate golf.
00:43I'm not good at it.
00:44But if I was to play, this would give me a reason to actually continue playing.
00:47So, you know, what he's doing, I think, is bringing a different element of fun, you know, to hopefully get people on the course.
00:55Yeah, I think I'm interested.
00:57I would do $100,000, but I would want a 5% stake for that.
01:05And that's a $2 million post-money valuation.
01:10Okay.
01:12It's a great offer.
01:14I think I'd bring a different element where I think the stuff that you need help with right now is the intimate, you know, initial growth part.
01:20I think you're going to pitch this to people that are poking holes in it, and they're going to realize you have a full-time job.
01:25I would do something closer to $50,000, and I would probably do it at a half-a-million-dollar valuation.
01:31And I would like for my team at Morris & Seeger to help you with the marketing.
01:41Mark, as much as I would love the extra $50,000 in capital, I do find the value that Rogers and his connections bring to be just as valuable maybe as extra capital.
01:52Rogers, you got a deal.
01:54Oh, my gosh.
01:55Wow!
01:56All right. How about that?
01:58Good job, man. We'll hug it out.