Pool Safety Tech Made to Save Lives | Elevator Pitch S12 EP6 - video Dailymotion

Entrepreneur

Hear from Sam Weitzman, founder of PoolScout, a pool safety system that can distinguish between toddlers, adults and pets and send real-time alerts before they reach the water.  On every episode of Entrepreneur Elevator Pitch, contestants looking to make their mark on the business world must prove that they have what it takes in 60 seconds or less. If their pitch captures our board of investors' hearts and minds, life-changing money is sure to follow. But if they lock up, stumble or bring investors a been-there-done-that idea, it's game over.  This episode features an entrepreneur who experienced every parent's worst nightmare: a near-death experience with their child. The situation inspired Sam Weitzman to develop a safety device and software platform and investors to throw out some of the biggest dollar figures ever seen on Elevator Pitch.

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00:01Going up.

00:02Drowning is the number one cause of accidental death for toddlers,

00:05with nearly 1,000 children tragically drowning each year in the U.S. alone.

00:09PoolScout is an AI-driven pool monitoring technology

00:12using a new or existing camera along with a PoolScout app.

00:15We are seeking a $500,000 investment for 10% stake in the company

00:19to scale sales and launch the new PoolScout gateway

00:22which connects existing cameras to the PoolScout service.

00:26I heard a lot of things that I liked in that pitch.

00:28I'm not sold on how it actually works.

00:31It's a security camera.

00:32Apps for your pool.

00:33But guys, think about it.

00:35Most pools, if you have toddlers, you put a fence around them.

00:38I wouldn't risk waiting for this to monitor my kids.

00:41But I don't think he's worried about the fence.

00:42He's worried about the people that potentially could fall into the pool

00:45and alerting people.

00:46So there has to be some level of...

00:47That's what I'm saying.

00:48You put a fence for kids around the pool so they can get in there.

00:50But people can get through the fence.

00:51They can jump over the fence.

00:52They can go through the fence.

00:53They can lean on the fence.

00:54Kids, kids, kids.

00:55How about this?

00:56How about we decide whether we want to let him answer these questions?

00:59Okay, good idea.

01:00Okay, fine.

01:01Approved.

01:02Sam, I love what you're doing.

01:03I think your pitch was great.

01:05I think you've got a great business.

01:07But unfortunately, it's outside of my wheelhouse,

01:09especially given the hardware.

01:10So unfortunately, I'm going to pass.

01:12That was quick.

01:15I think this is a pretty cool idea.

01:17I believe enough in it that I'd be willing to put in the whole $500,000.

01:21But I would want 15% of the company.

01:24I would match his offer and do $500,000 for 15%.

01:27Oh, whoa.

01:29Out of nowhere.

01:30Guys.

01:39It's a hard choice.

01:41Yes, Mark.

01:42There we go.

01:43Somebody's got to reach it.

01:44He was driving around.

01:45Does this matter anymore?

01:47Pull him out.

01:48This is going to be great for Pool Scout.

01:50I think we're going to be able to achieve our dreams

01:52in terms of being able to get the product out to as many customers as possible.

01:56Hopefully, we can make a big splash together.

Pool Safety Tech Made to Save Lives | Elevator Pitch S12 EP6

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