2013 BPC Elevator Pitch Winner

Summary

The Hot Seat is a heated, portable cushion stadium seat that solves the problem of cold, uncomfortable bleachers. With both a heated base and back support, it stands out from other seats on the market, which either lack heating or back support. It even includes a USB port to charge devices. Targeting the large market of outdoor stadiums, the creator aims to sell 2,000 units within three years, generating $120,000 in sales. A $19K investment is needed for development, manufacturing, and marketing, with a promised 3X return by year three. Don't let cold ruin your experience—get the Hot Seat!

Takeaways

• ❄️ It's a cold night at a football game, and the bleachers are making the user's seat uncomfortable.
• 🪑 The solution is the Hot Seat, a cushion stadium seat with a heated base and backrest.
• 🔥 Many cushion stadium seats exist, but they are either not heated or don't have back support.
• 🎯 The Hot Seat combines both heating and back support for comfort and convenience.
• 🔌 The Hot Seat includes a USB port to charge mobile devices while using the seat.
• 🏟️ According to worldstadiums.com, there are over 73 million outdoor stadium seats in America, representing a large market.
• 🤝 The creator plans to leverage NFL connections, amateur booster clubs, and the internet to sell 2,000 units by year three.
• 💰 The projected revenue from 2,000 units is $120,000 in sales by year three.
• 💸 The creator is seeking $19,000 for product development, manufacturing, and marketing.
• 📈 Investors are promised a 3X return by the third year, with the catchy slogan 'Don't let frost bite your buns.'

Q & A

What problem does the Hot Seat solve?

The Hot Seat addresses the discomfort of cold bleachers at outdoor events by providing a heated cushion with back support, making it more comfortable to sit for extended periods.

How is the Hot Seat different from other stadium cushions?

The Hot Seat is unique because it combines both a heated cushion and back support, unlike other cushions that either offer heating without back support or back support without heating.

What additional feature does the Hot Seat offer besides heating and support?

The Hot Seat also includes a USB port, allowing users to charge their mobile devices while using the seat.

How many outdoor stadium seats are available in the U.S. according to the script?

According to the script, there are over 73 million outdoor stadium seats in America.

What is the sales target for the Hot Seat by year three?

The sales target for the Hot Seat by year three is to sell 2,000 units.

What is the expected revenue from selling 2,000 units of the Hot Seat?

The expected revenue from selling 2,000 units is $120,000 by year three.

How does the creator of the Hot Seat plan to market the product?

The creator plans to use the internet, personal NFL connections, and amateur booster club organizations to market the Hot Seat.

How much funding is needed for the development, manufacturing, and marketing of the Hot Seat?

The creator is seeking $19,000 for the development, manufacturing, and marketing of the Hot Seat.

What return can investors expect from investing in the Hot Seat?

Investors can expect a 3X return on their investment by year three.

What is the catchy slogan mentioned at the end of the script?

The slogan is: 'Don't let frost bite your buns. Get the Hot Seat.'