We are looking for the right investor to bring our bee hive and other products to market. If you reside/operate in the United States, are passionate about saving honey bees, would prefer to be involved with the process and can commit at least $200,000 for a stake in the business then we would like to hear from you!**
Feel free to contact us at [email protected] or call us at 801.376.0664 with any questions you may have or to request an access key to view more detailed frequently asked questions. We look forward to speaking with you!
** To respect your time: If you are looking to invest but need sales history to help you make a decision then this opportunity is not for you. But thank you for considering us! We are seeking single/first-round seed funding to cover pre-production expenses.
If you have received an access key, enter it in the field below to view more detailed frequently asked questions regarding our funding needs. (You can request an access key by using one of the previously mentioned contact methods)
In reference to the "5 Ts of Investment" available at www.utahtechx.com, the following was assessed:
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Do you or your management team have previous entrepreneurial experience?
weak 1 2 3 4 5 6 7 8 9 10 strong -
Do you or your management team have significant experience in the marketplace?
weak 1 2 3 4 5 6 7 8 9 10 strong - Have you or your management team led a significant startup in the past?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you or your management team have significant relationships and advisors in the industry?
weak 1 2 3 4 5 6 7 8 9 10 strong - Have you or your management team proven its ability to effectively sell and market in previous roles?
weak 1 2 3 4 5 6 7 8 9 10 strong - Have you or your management team previously generated a large return/exit for previous investors?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have a cohesive leadership team and the major functions of the business covered?
weak 1 2 3 4 5 6 7 8 9 10 strong
As you can see we still need to build a strong team. We are looking for passionate, experienced individuals to fill key positions and are particularly interested in proactive investors that want to be involved, have a seat on our steering committee and help maximize our ROI.
- Has your target market successfully been identified?
weak 1 2 3 4 5 6 7 8 9 10 strong - Does your target market have a NEED for your offering? (Does it solve a significant problem?)
weak 1 2 3 4 5 6 7 8 9 10 strong - Is the end user in the target market well-researched?
weak 1 2 3 4 5 6 7 8 9 10 strong - Have you identified key competitors and their strengths and weaknesses?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have a working prototype?
weak 1 2 3 4 5 6 7 8 9 10 strong - Is more than 75% of your product complete?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have a comprehensive marketing plan?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have a defined, proven sales process that all sales reps use to deliver consistent results?
weak 1 2 3 4 5 6 7 8 9 10 strong - Are you generating leads for your sales team?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have a sales pipeline that will permit you to reach your sales targets for the next 6-9 months?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you collect and evaluate metrics for sales reps?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have a competitive Go-to-Market strategy?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have revenues / users?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have agreements / commitments from key partners (affiliates, suppliers, distribution channels?)
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have letters of commitment from other potential investors?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have financial systems in place?
weak 1 2 3 4 5 6 7 8 9 10 strong - Have you implemented financial controls?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have financial projections?
weak 1 2 3 4 5 6 7 8 9 10 strong - Are you profitable?
weak 1 2 3 4 5 6 7 8 9 10 strong
We are confident we have a solid product and once we have our key players in place our traction score will naturally improve.
- Is your competitive advantage sustainable?
weak 1 2 3 4 5 6 7 8 9 10 strong - Is your idea or technology protected?
weak 1 2 3 4 5 6 7 8 9 10 strong - Are there significant barriers to entry for the competition?
weak 1 2 3 4 5 6 7 8 9 10 strong - Has the technology been tested?
weak 1 2 3 4 5 6 78 9 10 strong - Is your product/service substantially different, unique, or better than the competition's or substitutes?
weak 1 2 3 4 5 strong
We are comfortable with our technology score and intend on improving our competitive advantage and removing barriers as we move forward.
- Does this round of funding take your company to profitability?
weak 1 2 3 4 5 6 7 8 9 10 strong - Is your company's pre-money valuation less than $4 million (less than $1.5 million for non-revenue)?
weak 1 2 3 4 5 6 7 8 9 10 strong - Are you raising less than $1M?
weak 1 2 3 4 5 strong - Have you received previous funding?
weak 1 2 3 4 5 6 7 8 9 10 strong - Are you offering at least 20%+ ownership?
weak 1 2 3 4 5 6 7 8 9 10 strong
- Is the market $1 billion or larger?
weak 1 2 3 4 5 6 7 8 9 10 strong - Is the market growing rapidly?
weak 1 2 3 4 5 6 7 8 9 10 strong - Does your company have high margins to ensure profitability?
weak 1 2 3 4 5 6 7 8 9 10 strong - Do you have a viable exit strategy?
weak 1 2 3 4 5 6 7 8 9 10 strong - Does your business require a low headcount?
weak 1 2 3 4 5 6 7 8 9 10 strong - Does your model show recurring revenue?
weak 1 2 3 4 5 6 7 8 9 10 strong - Does your plan show that your company will generate substantial revenues?
weak 1 2 3 4 5 6 7 8 9 10 strong
