Hi Bobbi
The elevator pitch is clear and strait to the point. I would want to see you and your face expressions in order to reflect the passion in the idea.
The venture pitch is clear and designed with investors in mind. I would want to know a little more about the technology. Is it GSM, RF, Bluetooth…etc.? I also like the fact that you thought of applying it into different markets. I like the idea but I have little experience in wearable technology. My fear is that other wearable technologies that include GSM such as the SAMSUNG bracelet can have your feature as an app. This will be a challenge to get people to buy your hardware for one feature even though they can by a product that can include several features at the same time.