00:00Welcome to The Elevator.
00:03Hi, I'm Jasmine, CEO of Parent Co.
00:05While childproofing my home, I experienced firsthand the problems that come with these traditional outlet plugs you see here.
00:11They still aren't in standard use today and have been for over 30 years.
00:16Why? It's time for innovation.
00:18We have done just that with our outlet cover.
00:20It's patented, made in America, installed in under 30 seconds, and the plugs pivot in and out.
00:25We are seeking $200,000 on a $4 million safe note.
00:29In 2022, Walmart wanted our products in 100 stores on end caps.
00:34We weren't able to capitalize.
00:36Our profit margins are great, over 70% direct-to-consumer and over 50% wholesale.
00:42She did a great pitch.
00:44And when you say Walmart, that's a big opportunity.
00:48I think she said she had Walmart before, but she wasn't able to capitalize on it.
00:53So we'll have to see where it really is.
00:55Yeah, it's also, I mean, that product, how big can that really be?
01:01I love that you're bringing your vision to life after 20 years, so congratulations.
01:07For me, it's too early because you don't have any sales.
01:12So for that reason, I'm unfortunately going to pass.
01:16Good luck.
01:18Although I didn't get a deal, this is still a success because it really gave me the validation I need.
01:25Attention, Jasmine. Your presence has been requested back in the boardroom.
01:30Oh my goodness.
01:34Welcome back, Jasmine.
01:35Hello.
01:36We were so impressed with your pitch and most importantly, your perseverance.
01:41Although you did not get an investment today, on behalf of Amazon, we want to gift you $10,000 cash to support you and the growth of your business.
01:52Appreciate that. Thank you guys so much. Sorry to get emotional.
01:55We believe in you.
01:56Thank you so much.
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