Good People Update Month 9

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Good People Update Month 9

Our current venture development project is Good People Energy Technologies Inc.  We are re-posting their monthly status updates here to let Eat Drink Law blog subscribers follow along as we work on this venture.

The big news of May 2017 was our first real angel investor pitch to a local accredited investor known for his community engagement.  We had previously had an informal meeting with him about our plan for Good People in the early days and Ethan had been working on a pitch meeting since the beginning of the year.

We revised and customized our pitch deck, met into the evening to talk strategy, and then I had some last minute changes the night before the meeting.  We met up again before the meeting to synchronize and I think we went into it feeling ready.

From a presentation perspective, it went completely sideways.  We ended up pitching in an office where our laptops were impossible to present from and the whole vibe was different than we had expected.  I don’t think we handled it badly, just differently.  The investors questions showed interest and engagement, but we left completely unsure of what he really thought.  As of mid-June, we still don’t have a definitive answer.

We received some good news from our licensor that sample units may soon be available from them, which gives us some confidence that we can proceed with sales meetings even if our own supply issues are still a work in progress.  With that, we pulled the trigger on engaging a designer to help us with some initial branding.  We hope to have business cards and maybe even a revamped website in June.

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By | 2018-04-09T15:54:20+00:00 June 22nd, 2017|, |0 Comments

About the Author:

Devin Morgan is Founder & Food Geek at Eat Drink Law, a blog for craft food and beverage entrepreneurs and anyone who is passionate about innovation and growing small businesses. He started 3-Blazes to spread the word about the power of entrepreneurship and the importance of innovation at every level of business. He is the creator of 12 Things Every Business Should Do About Intellectual Property and Special Counsel at Hoffman Warnick LLC, where he handles trademark, patent, and other intellectual property matters for select clients.

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