FireBot update 03/06/2018
A Big Thank You
It has only been 7 days on StartEngine and the response has been fantastic. Our fundraising is progressing along at an amazing rate. Dollars are adding up, thank you again for all the trust in have in FireBot.
Your early support has enabled us to start development of our commercial product. We are setting up the final parameters of our commercial product. We will post pictures of design mock-ups for you to view progress.
If you haven’t invested yet, invest what is comfortable one share, or many all are greatly appreciated. If you have, be sure to pass the word about FireBot to friend.
Attracting Investors to get the job done. (Our product to market)
We have sent FireBot alerts for investment to friends, family and fans to help get us to our funding goal. They will add to our early totals.
Through our StartEngine site we have also been contacted this past week by two large fundraising groups and given the chance to present the FireBot story and possibly raise additional capital via their angel and venture capital members:
|Commercialization Center for Innovative Technologies (CCIT)|
675 US Highway One
North Brunswick, NJ 08902
Presentation: Monday March 5th, 2018 at 4:00 PM
Better Methods Raising Angel Capital
|Angel Venture Fair|
140 S Broad St
Philadelphia, PA 19102
Presentation: May 4th 2018
Seeing Into The Future
We feel we have a similar product with the same potential as the Nest Thermostat (bought by Google for 3.2 billion dollars) and, just recently, the Ring Door Bell (purchased by Amazon for 1 billion dollars).
Even with this strategy in mind, we believe FireBot has a huge potential to succeed on it's own. There is a market of over 100 million kitchens in the US alone. If we are good enough to place FireBot in just 30% of those kitchens, that would translate to estimated 5 Billion dollars in sales. That would also suffice.
Our main goals for FireBot are as follows:
- A commercial-ready product when funding reaches $65k
- A UL-300A rating with $35k - $75k additional funding ($100k - $140k total)
- A dividend *at least* equal to your investment paid when FireBot sells its 10,000th unit
Please follow the link to FireBot on Start Engine: https://www.startengine.com/firebot. We would love to have every one of you on board with us for this exciting journey.