Live at The Launch Pad™ during LTB 2013

[Applause] entrepreneurship is all about taking the steps to be successful we're going to actually negotiate some hard deals and try to invest some money I'm asking for $100,000 for a 10% Equity stake my name is Joel Schwarz I'm the founder of and CEO of parlor I'm seeking $250,000 in exchange for a 5% Equity stake in my business I'm looking for 700 $1,000 for 35% of my company we have orders for 20,000 of these units to go into five states you're currently around 5 or 6 million in sales did you say this year we actually believe that we could reach to over a million users my principal Competitive Edge is my experience I did 10 years in commercial ambulance I basically built a product that I needed I don't think 100,000 can get you very far can I just ask the audience like how many people with the raise of hand would buy this for $30 to keep in the car on the 3 million you did last year break even did you lose a lot more than the money I need someone that really take me out to the market if someone comes out there and takes that market it's yours Seth and I will match Mark's offer you have PS yeah we have PS the 350 350,000 is is a little seems a little high my my previous applications that had over 6 million downloads last 115,000 invested was smart money so what are we I don't understand no 250 for 20% is the best I'll do I would offer another 100,000 for another 20% I give you 100,000 for 20% 50 25 25 I've done 400 companies over the years for which I raised $3 billion the challenge I'm having is the such a small percentage of the company what's your Competitive Edge over the minivan I'll give you an offer do you really need more Capital than that I'll give you $250,000 for 51% of the company I have retail stores it's a great idea I don't know about valuation so we have a great product new to the market because it's a category of its own do we have any offers from our investors do we have a deal you guys okay we have it [Applause] [Music]