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00:00:00 – 00:09:59
Julia Rogers and Sarah Jaffe introduce their business, Hello Prenup, to the investors as a digital platform streamlining the creation of prenuptial agreements. The platform aims to make the process quicker, more affordable, and less taboo. Julia, a divorce attorney, and Sarah, a software engineer, partnered to address the need for a better prenup solution. The video also discusses the growth potential of prenuptial agreements for millennials and highlights successful negotiation skills in securing investment. Overall, the segments underscore the importance of seizing opportunities, hard work, successful partnerships, and determination for business growth and financial success.
00:00:00
In this part of the video, Julia Rogers and Sarah Jaffe present their business Hello Prenup to the sharks, seeking $150,000 in exchange for 10% equity. Hello Prenup is a digital platform that simplifies the process of creating prenuptial agreements, making it quicker, more affordable, and less taboo. Couples complete an online questionnaire, resolve any differences, and download their prenuptial agreement. Julia is a divorce attorney with experience in family law, while Sarah is a software engineer who saw the need for a better prenup solution. They partnered in March 2021 to create Hello Prenup.
00:03:00
In this segment of the video, a woman discusses developing a software platform for writing prenuptial agreements. The platform has had struggles but has made $20,000 in lifetime sales. She projects $4.1 million in revenue for the next year. Each prenup costs $599, with high customer acquisition costs being the main expense. An investor decides not to invest due to concerns about competition from lawyers and uncertainties about customer acquisition costs. The woman is encouraged to keep working on the business but the investor opts out.
00:06:00
In this segment of the video, the discussion shifts to the concept of prenuptial agreements and the entrepreneurial world. Prenups are highlighted as a practical tool for millennials who want a painless process to secure their financial future. The scene then transitions to a negotiation scenario involving a tech company seeking investment. The founders counteroffer for $150,000 for 25% equity, showcasing their negotiation skills. Eventually, an agreement is reached at $150,000 for 30% equity with the investor showing confidence in the founders. The segment wraps up with a successful deal being made, celebrating a successful partnership.
00:09:00
In this segment of the video, the speaker emphasizes the potential for significant financial success, attributing it to hard work and seizing opportunities. They mention a successful partnership forged over Zoom resulting in a deal with two prominent investors, highlighting their determination to scale their business further.