#117 Lotus: Hardware Hail Mary

The Pitch

Josh Muccio

Investing, Technology, Entrepreneurship, Business

4.6 • 1.5K Ratings

🗓️ 6 September 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Despite a decade in engineering at Apple, Dhaval Patel didn’t have any smart technology in his home. So he designed a ring that converts every home into a smart home – using old technology found in your typical TV remote. But hardware startups are extremely difficult to get off the ground and many VC’s avoid investing in them altogether. Can Dhaval convince our investors that his 10 prototype rings will turn into a 10 billion dollar business? To learn more about Dhaval and the investors featured on this episode, check out the Lotus show page at pitch.show/117. If you want to go deeper on each company featured on the show, subscribe to our newsletter The Pitch Insider. Enjoying the podcast? Use this link to text a friend! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	It's notoriously, well, hard.
0:08.0	It's expensive to get started, you've got to build all these prototypes, it takes longer
0:12.7	than you think to get to market, and when it's time to scale, well that's hard too.
0:18.5	A lot of investors flat out won't invest in hardware, which is why we've been hesitant
0:24.0	to bring those companies on the show.
0:26.5	But then I met DeVal.
0:28.9	A founder who wants to turn every home into a smart home, without using any smart tech,
0:35.6	making it so easy even great grandpa can do it.
0:39.3	It's the moonshot hardware company I've been looking for.
0:43.2	Hey Alexa, will DeVal get money on this pitch?
0:47.4	Sorry Josh, you will have to listen to find out.
0:51.5	Alexa, you're worth less.
0:53.8	I'm Josh Muccio and this is the pitch, where relaunchpreneurs pitch real investors
0:58.8	for real money.
0:59.8	Hi, I'm Paige Fendordi, founding partner by ingenious ventures and welcome to San Diego.
1:06.2	Hey, I'm Neil Bloom, managing partner at Ainoa Capital.
1:08.8	Hi, I'm Elizabeth Yen, general partner at Hustlefund, I'm Mark Phillips, founder of 11 Tribe
1:13.8	Centres.
1:14.8	Hi, I'm Charles Hudson, managing partner precursor ventures.
1:22.2	The pitch for Lotus is coming up after this.
1:25.7	And if you want to watch the video of this pitch, go to pitch.show slash YouTube.
1:30.8	New episodes premiere on YouTube, Wednesdays at 7pm Eastern.
	...

Transcript will be available on the free plan in -569 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Josh Muccio, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Josh Muccio and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.