Michigan Business Competitions. Brought to you by The Zell Lurie Institute for Entrepreneurial Studies The Entrepreneur Venture Capital Club and The Center for Venture Capital & Private Equity. Agenda. Opening/introductions Overview of the Business Plan Competition process
Brought to you by
The Zell Lurie Institute for Entrepreneurial Studies
The Entrepreneur Venture Capital Club
The Center for Venture Capital & Private Equity
Zell Lurie Institute
Entrepreneur Venture Capital Club
Center for Venture Capital & Private Equity
An example provided by Dr. Lawlor:
ConstructionBoots.com, is an e-commerce website that sells construction boots, on a b2c and a b2b basis.
Our primary market consists of construction workers, with secondary markets including other individuals and companies in the construction trade.
ConstructionBoots.com offers the highest quality products and drives traffic to the site by linking to other websites related to the construction industry.
We believe that the customer would find purchasing and direct delivery of construction boots easier through our website, rather than purchasing via traditional retail outlets.
We will require $5 million in two rounds of funding to reach break-even and the point where the company can support itself on our own revenues.
We seek to raise $2 million in the first round of funding, with a first round valuation of $5 million.
We have an industry insider CEO and will hire a CFO and Director of Marketing with our first investment round.
We believe we will be the only pure e-commerce construction site and will face indirect competition from traditional brick and mortar B2B retailers who target the trade as well as traditional mass merchandisers.
If all goes as planned, we would look to sell ConstructionBoots.com to an industry retailer who sells construction gear.