UmbiSling

Read the comprehension questions below.Watch Season 8, Episode 5.Listen for the answers.

1. Tara and Chaunstin Fung, a brother-sister team from Montreal, appear to have a solid knowledge-base in technology and design.How would you assess their entrepreneurial skills?
2. Have Tara and Chaunstin conducted market research?Tara speculates on market potential.Does she have a realistic view of market share?
3. After a personal investment of $500,000 and five years of development time, Tara and Chaunstin Fung are looking for help to launch the product.What is the danger of a "build it and they will come" mentality? Is cash flow a problem?
4. The UmbiSling's patented features are impressive; does the design warrant a price-tag of $50 to $90?
5. What measures for quality control exist along the value-supply chain for UmbiSling?
6. Tara and Chaunstin Fung are asking $300,000 for 20% of the business.What do the Dragons say about this valuation?
7. How would a business plan have assisted the Fungs in the design and launch of this product?

https://www.cbc.ca/dragonsden/pitches/umbisling

this is the link to watch video