A#3. Venture Pitch – MiloGLASS™ (improved)

REVIEW: Hi Milorad, as others have stated, I liked the way that you did your pitches like an actual presentation; however, I also agree that some of your slides are a bit text-heavy and they should probably be streamlined a bit. It is obvious that you have done your research, but generally the reason why consumer technological products (iPhones, iPads, Google Glass) have such high initial prices is to recoup the costs of R&D; they target early adopters who are generally willing to pay a premium for being the 'first of their friends' to own the product. As Jonathan stated, you have some very serious competitors with extremely deep pockets; if your product ever became a viable threat, they could quickly undercut you and run you out of business. RECOMMENDATION: I think it's a nice idea, but I wouldn't invest in it because you're going up against a large, powerful competitor that could sink your product very quickly.

Thanks for your valuable feedback. I did consider your suggestions, and overhauled the elevator and the pitch. Please revisit and post your valuable impressions. Thanks in advance. Regards.

Thanks for your valuable feedback. I did consider your suggestions, and overhauled the elevator and the pitch. Please revisit and post your valuable impressions. Thanks in advance. Regards.

Feedback: Hi Milorad, I think you chose a creative way to deliver your pitches. I appreciated that it felt like an actual presentation/pitch delivery. I believe its evident that you have done your research and are well knowledgeable in the field. You've also done an excellent job of making sure you've covered all your points that an investor would be looking for. As many people have pointed out some of my thoughts already, I'll avoid repetition. The only advice I would have to give is that on some of your slides they are quite text heavy and bit difficult to read through the video.

Feedback: Hi Milorad,This is a great idea! I agree with Jonathan that that advertising could present a challenge, but that with the right marketing you could be successful. As an investor, it would be helpful to see a prototype to understand how your product works, and what makes it worth the investment. Although it was interesting, and comprehensive, your venture pitch was on the longer side, I think going forward it would be helpful to keep things more concise and to speak directly to the audience. Overall - this is a great idea, and I wish you the best of luck going forward!!

Feedback: This is interesting and I can see you have done your research. I wonder if you offer anything unique that Google glass does not? I am also wondering (not knowing much about it) if your glasses will be compatible with apps for the Google glass. As I see the market in Android vs. Apple etc. for cell phones, I wonder if these glasses will be compatible with the software. Certainly one of the biggest reasons that Google glass is not everywhere is because of the price and I can see that you really understand that. Perhaps the price and compatibility and available apps would be good for the elevator pitch as well. Good luck!! Great idea.

FEEDBACK - Hi Milorad, I applaud you efforts. The biggest challenge I see with most products that sell for cheaper than popular brands is in the marketing and advertising. People tend to view “knock-offs” as lower quality (which isn’t alway true). If you could get reputable organization such as consumer reports to positively review your product then I think that will be a huge boost for your company. As an EVA, I would want to make sure that you can make a profit and stay competitive for years, and not just going to be a copycat company that might sell the occasional pair of glasses and eventually disappear. Good Luck!

FEEDBACK: This was a really interesting product, and as an EVA I could see that you are knowledgeable about your product. I do have to agree with a few of the other comments in regards to the format of the elevator pitch and then about the venture pitch, it is not appealing in terms of maintaining my interest as an investor, it just lacked a dynamic presentation, and I think that there are features about this product that could have really be used to sell an investor. I was curious too in regards to the comments that was made by a peer, about how this business would be prepared to compete and stand up against such market dynamos like google. Great job!

FEEDBACK: You did a great job of incorporating something specific from one of the learning resources of the week (wearable technology) into your venture pitch. Of course Google glass is something that is gaining a lot of traction right now, and if you are able to manufacture it and sell it for a fraction of the price, you will have a real winner. Time to market will be key though, you definitely want to be first or one of the first to take your product to market.

Review: As an EVA, I would want to see a prototype. I would also be concerned about your powerful competitors and the possibility that they may beat you to the punch and offer a competing product. After all, you are claiming that the only thing giving you an advantage in this market are the inflated prices of your competitors. I would need to know that they cannot easily drop their prices.