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00:00:00 – 00:05:58
Max, the founder of Lumio, presents his portable and rechargeable lighting product seeking investment. He receives multiple offers from investors such as Robert, Damon, Mark, and Lori. The offers range from $250,000 to $750,000 with varying equity percentages and financial assistance. Ultimately, Max accepts Robert's offer, signaling investor interest in his innovative product.
00:00:00
In this segment of the video, Max, the founder of Lumio, presents his elegant lighting solution seeking $250,000 for 8% equity. The product offers beautiful lighting that is portable and rechargeable. The batteries last for eight hours and are rechargeable via micro USB in 3-4 hours. Investor Robert shows interest and values the company at $3.1 million. Another investor proposes a $500,000 investment for 16%, intending to help with finance and growth. Max receives multiple offers and positive feedback for his innovative product.
00:03:00
In this part of the video, investors make Max offers for his business. The offers include: Robert’s 10 for $250,000, Damon’s $750,000 for 20 plus $10 million credit, Mark’s $500,000 for 16, Lori’s $250,000 for 12 plus $250,000 credit, and a slightly modified offer from Robert for $350,000 for 10 percent equity. Max ultimately accepts Robert’s offer.