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New Venture Creation: from Idea to Investment - iCentre

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Impossible?<br />

• “ConstructionBoots.com, is an e-commerce website that sells construction boots, on a b2c and<br />

a b2b basis. Our primary market consists of construction workers, with secondary markets<br />

including other individuals and companies in the construction trade. ConstructionBoots.com<br />

offers the highest quality products and drives traffic <strong>to</strong> the site by linking <strong>to</strong> other websites<br />

related <strong>to</strong> the construction industry. We believe that the cus<strong>to</strong>mer would find purchasing and<br />

direct delivery of construction boots easier through our website, rather than purchasing via<br />

traditional retail outlets.<br />

• We will require $5 million in two rounds of funding <strong>to</strong> reach break-even and the point where the<br />

company can support itself on our own revenues. We seek <strong>to</strong> raise $2 million in the first round<br />

of funding, with a first round valuation of $5 million. We have an industry insider CEO and will<br />

hire a CFO and Direc<strong>to</strong>r of Marketing with our first investment round.<br />

• We believe we will be the only pure e-commerce construction site and will face indirect<br />

competition <strong>from</strong> traditional brick and mortar B2B retailers who target the trade as well as<br />

traditional mass merchandisers. If all goes as planned, we would look <strong>to</strong> sell<br />

ConstructionBoots.com <strong>to</strong> an industry retailer who sells construction gear”<br />

WholeTree <strong>Venture</strong>s – where <strong>Idea</strong> meets Experience<br />

Source: www.digitaldetroit.org<br />

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