New Venture Creation: from Idea to Investment - iCentre
New Venture Creation: from Idea to Investment - iCentre
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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