If you had to make your decision on just the information provided in the pitch and on
Question:
If you had to make your decision on just the information provided in the pitch and on the company’s website, would you fund this company? Why or why not?
Business Idea: Create a bike that teaches kids how to ride without training wheels in a safe, enjoyable, and confidence-
building manner.
Pitch: To teach their kids how to ride a bike, most parents choose pedaled bikes with training wheels. While training wheels may seem to be the easiest approach, they do not teach kids balance or proper bicycle steering. A bike with training wheels may even be dangerous because it can tip over if a child turns a corner too quickly or rides on uneven ground. In addition, by not teaching balance, when the training wheels come off a child has yet to learn the most important part of riding a bike.
Step by Step Answer:
Entrepreneurship Successfully Launching New Ventures
ISBN: 9781292255330
6th Global Edition
Authors: R. Duane Ireland, Bruce R. Barringer