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Looking for startup capital to sell a wallet that also protects condoms
Posted by: Dirk Doebler on 7/18/2010 9:58:55 PM
Funding Needed:
Under $100k 		Category:
Fashion & Lifestyles 		Website :
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Location :
Missouri, USA 		Viewed : 313 times
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Description:
We are a new company seeking $10,000 in capital to design and sell a newly invented style of wallet. These wallets are aimed at younger men because they're designed to protect and conceal condoms and prevent a ring from forming on the leather. We are working with Chinese manufacturers on creating samples and getting quotes for mass production. We would be glad to send information to an interested investor. There is a definite need for this product and no other company currently offers a wallet with our features. Our concept testing surveys shows us that a majority of young college aged men would be interested in this product.
Once successful, we do want to branch out into other apparel.

We need funding for all the basic start up costs involved, including a patent attorney, the first production run, and advertisement.

After performing some market research, we see strong demand for our product and are confident this design will succeed and produce a steady stream of revenue once it covers startup costs after about a year. Even with our highly conservative estimates, it will become profitable early in the second year and produce a high return.

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