Kim,
The day with the French Electric Motorcycle company was crazy in a good way! It turned out to be not one, but 3 companies that came to Florida to pitch their products that they want to manufacture in Florida.
I was one of 5 panelists invited to weigh in on the pitches. It was a company with an App, A Fruit Juice and the Motorcycle company. What a fun day. They pitched from 10am to noon and then we came back for Q&A in the afternoon.
After the pitches, we had a chance to give some comments and ask questions sort of like Shark Tank. Out of the 5 of us 2 worked for the county 1 worked for our local university and there were 2 of us from the private sector.
The other private sector guy's name is Stefan and he was being especially hard on our french guests about their numbers like Kevin O'Leary. He was hitting them with production costs, burn rates, customer acquisition costs, rates of repeat customers, sell through rates (fruit juice). He was tough and it came off as belittling to me. Especially with the language barrier. They had a translator but man was he tough.
Well, it became a bit of a battle between he and I. You probably couldn't imagine that, right?
I asked a lot of questions that promoted the strengths of the products and pointed to where the products could be better. I did this because I knew that if it was a good product that could be produced at the right price with a large enough market that the people in the room would do the heavy lifting in making their products market ready! We were in the Naples accelerator, that's what they do!
In the afternoon Stefan did a presentation. He turned out to be the only investor in the room. All of a sudden things started to make a lot of sense. At the conclusion of his talk about how important numbers are and presenting with energy there were no questions... He pointed at me and said, "any questions?" I said "uh, no." and proceeded to feel 2" tall.
When he concluded and the session broke up for Q&A I was stormed by people. The News Press, the French Entrepreneurs, the University and people from the accelerator... I only wanted to talk to Stefan because he is an investor who likes the technology sector... I need to mend fences.
The day was incredible. I caught Stefan, I knew my numbers, He was going paddle boarding on Friday... bottom line, we have lunch planned for next week. I was invited to the University to oversee some of the students' solar based products. I met with 2 international liaisons who want to discuss my international growth plans in Europe and South America for the Bay Glider.
If there was a dream day I could ever go back and live again... it would be the day before yesterday!