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00:00:00 – 00:05:53
Ryan Naylor, founder of Esso Watches, pitches his silicone watches infused with negative ion technology, seeking a $35,000 investment for 20% of his company. He claims these watches counteract the effects of positive ions from electronic devices, purportedly restoring natural energy balance as evidenced by a balance test demonstration. Despite earning $120,000 in sales from a $10,000 investment, the product faces heavy skepticism from investors. Mark, a panelist, labels it a potential scam reliant on the placebo effect. Concerns over the lack of independent scientific validation, legal liability, and unoriginal designs lead all investors to withdraw their interest, citing issues with credibility and the absence of medical endorsements.
00:00:00
In this part of the video, Ryan Naylor introduces himself as the founder of Esso Watches, a company that produces silicone watches infused with negative ion technology. He is seeking an investment of $35,000 for 20% of his company. Ryan explains that the watches counteract the effects of positive ions emitted by electronic devices, which he claims put unnatural pressure on our bodies. By wearing the watches, he says people can restore their natural energy balance.
To demonstrate the effectiveness, Ryan conducts a balance test with a participant, showing that wearing the watch seems to improve balance. He then gifts watches to the panel members. Mark, a panelist, expresses skepticism, calling it a scam and attributing any perceived benefits to the placebo effect. Despite this skepticism, Ryan shares that the company has made $120,000 in sales from a $10,000 investment, with $70,000 in profit. He explains the process of infusing negative ions into the silicone used in the watch bands.
00:03:00
In this part of the video, a product pitch is being evaluated critically by potential investors. The product claims to have neutralizing effects on positive ions but lacks independent laboratory testing to back these claims. One investor expresses concern about the liability of selling such a product without scientific validation. Another investor points out that some of the watch designs are unoriginal, which leads to accusations of dishonesty. Despite one investor acknowledging the persistence and resilience of the presenter, all the investors ultimately decide to withdraw their interest, citing reasons such as lack of credibility, potential legal issues, and the absence of medical endorsement.