hi i'm david toledo and i'm caleb white
our company is power practical creators
of the power pot
we're seeking a 250 000 investment for 10 equity in our company we know that just
about everyone knows how to boil a pot
of water
and charge their phone but what if i
told you you could charge your phone
from a pot of boiling water
our first product is the power pot it
takes fire and water
and makes power with no moving parts
it's a great solution which we use to
generate portable
on-demand power because it works day
night rain or shine
the best part is it's super easy to use
and i'm going to show you how easy it is
to use
you simply take your power pot you add
water to the pot
you fire up your stove you take your
regulator cord you plug it into the back
and as you can see in a matter of
seconds you're making power wow
the power pot is an incredible
innovation that is a simple cooking
vessel that now doubles as a mini
renewable power plant
who wants to join our team and keep
charging pretty cool guys
can we see the packaging very cool yeah
yeah okay you don't need to put water in
it do you
you you do need to put water why so the
power pod is a thermal electric
generator
which means it takes a temperature
difference from the bomb of the pot
and whatever's inside what should be
water and turns it into
electricity with no moving parts as the
water heats up it becomes less efficient
in generating electricity
uh yes so as the temperature difference
decreases
it produces less power okay how long
would it power something
the power put outputs five watts or one
amp of current so that means
ninety percent of the usb devices will
charge just as quickly as at home
is there anything protected or anybody
can do this so we filed a pen in 2010
and it's been polished and it's still
pending
i can't even cook a hot dog in this
thing
like what's the game plan size-wise so
in terms of the typical use case for
someone that goes in
into the outdoors yeah that's a pot
that's pretty common
um we actually have larger style pots so
where have you been selling this set
so we initially launched our company on
a crowdfunding platform
which one kickstarter what did you raise
um we set out to raise 50 grand in 30
days and we raised 126.
um we pre-sold roughly a thousand units
what do you guys want to do with the
money
so we want to do three things we want to
sell more product we want to get into
more doors
which we need to hire a few more people
second thing we want to do is we're
doing some testing with some big box
stores and so we need to assist and sell
through with some point of sale
and then the third thing we want to do
is we want to continue to expand our
product line
you're asking for 250 000 for 10 you're
valuing the company at 2.5 million
dollars and you've sold
300 000 worth of goods this year what
other applications do you see for that
the emerging markets that's the market
that we see could be a huge
uh benefit on our side you mean like
third world application
we have power pots in uganda with a
non-profit
they're keeping track of them finding
out what people are using them for but
just their phones right just being able
to
that's what we thought it was going to
be it was going to be phones but that's
ends up not being the case what is the
case can you gun it because i have a
fire indoor
they want lights
what are you gonna do mark
the pot's boiling i know pot's boiling
and it's charging
guys i like what you're doing um
i like the social aspects of it i just
get the sense that you've got all the
pieces you need
we see tons of value in bringing someone
like you to the table so
closing a round with you means we
potentially will never have to raise
money again
ever since you guys are smart i'll offer
you 250k for
for 20
well mark um we have investors that have
already put money up to the table
we put a tremendous amount of value in
that we feel like that would not be
very no value in all the stuff you just
said that was so great about mark
is that what you're saying no no no i
just am saying they cut the value away
but a shark brings more than just
money and i think you made reference to
that well we we still see a lot of value
in bringing on mars you don't see that
much you only see 10
value there's many venture capital firms
out there there's only
one shark tank
so what if we did 12
equity for 250 000 plus another three
percent
of advisor options and offer a seat on
our board
[Music]
you got a deal yeah
wow if it's a good company it's a good
congratulations good job mr cuban we
appreciate it
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