Douglas Engle
Woodinville, WA (USA)
Role(s):
Founder/Owner/Principal
Great Vibes LLC
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Startup
Location:
Seattle
Industry:
Other
Year Founded:
2014
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
HERO or ZERO ?
1. What it is – NeckWave’s methodological vibration reduces risk of Beauty Salon Stroke Syndrome by creating posterior blood circulation down the neck and provides relaxing comfort. NeckWave can also be used in a bathtub or spa to quietly relax.
2. Problem – Eliminates neck pain and medical risks in the shampoo bowl; helps reduce stress while in a bathtub or spa; and reduces risks of health complications.
3. Function – Enhances posterior neck blood circulation with many applications.
4. It is unique – nothing else like it to improve blood circulation and provide a relaxing neck massage.
5. It is patented – Yes!
6. Market Size – U.S. 250M+ installed “tubs” plus 15M new units annually = $21 Billion
7. Competition – very limited substitutes; folded towel, molded foam pad, and nothing to enhance neck circulation
8. Appeals to ages 30-60 (likely 90% of demand)
9. Broad mass appeal – every home with a bathtub; spas; salons; high-end hotels; national builders/custom homes; day spas; etc.
10. People want it – Trials/survey feedback is “Yes!” pending formal market research
11. Reasonable price – initial market feedback says “Yes!”
$129 Retail; $79 Wholesale; $20 + freight cost (without volume)
After years of getting the design correct, we are in the final phase for manufacturing. The electronics package has been designed and is now being fitted into the "pad" CAD drawings. We need Angel money for the manufacturing molds and preparation of initial shampoo bowl sales to prove the concept beyond our 100% successful trials. We are ready to reach out to major bathtub and spa manufacturers upon completion of the three prototypes by year-end 2017.
Preliminary financial models suggest strong cash and equity growth within the first five years. We need to sort out your investment objectives to develop a match as this opportunity is mostly about the amount of fuel $$$, markets to enter, and timeline ahead of us. We have international patent attorneys and international logistics people at the ready. North America... Europe... Asia with rapid growth possible from core products plus new associated products waiting in the wings.
Ride the NeckWave and see your money grow!!!