How much would you be willing to invest for a 5% share in 360 View, a company that will allow motorsports enthusiasts to experience a race through a virtual reality interface? Or Freefall Industries, manufacturer of a non-surgically implanted chip to monitor individuals’ safety, blood chemistry and general health? Or, how about a share in Safety First, a company that is designing an automated quick-response system to rescue a home’s inhabitants in case of a fire?
On Thursday of last week, a panel of faculty “sharks” were invited to participate as investors while students in Mrs. Skahan’s Stock Market elective pitched their business plans. These small group presentations included SWOT analyses (“strengths, weaknesses, opportunities and threats”), projected costs and profits, slogans, logos and marketing plans, and ideas for how to expand upon the initial product offerings given anticipated growth of their companies.
Below are some examples from our student entrepreneurs’ business presentations:
After each pitch, faculty “sharks” had the opportunity to ask questions and either accept the offer, or attempt to negotiate a different one with the student entrepreneurs. Several “companies” left the Stock Market class Shark Tank with an offer for financial backing, and all gained the experience of pitching their ideas, problem-solving and answering questions on the spot from an audience hungry to invest in an innovative idea!