- Power Pitch1 day ago
A start-up allows consignment store junkies to buy and sell quality secondhand clothing with a tap on a smartphone.
James Reinhart, founder and CEO of re-commerce start-up ThredUP says, "Our mission has been to inspire a new generation of consumers to think secondhand first."
Reinhart had 60 seconds to pitch his start-up, ThredUP, to a CNBC "Power Pitch" panel with Eurie Kim, principal of Forerunner Ventures; Sapna Shah, angel investor and retail expert; and Alicia Syrett, founder and CEO of Pantegrion Capital. Watch the video to find out if they were in or call it a dud!
Think secondhand first
While living in a tiny Cambridge apartment, Reinhart experienced a common problem: He lacked the space to store clothing he no longer wanted.
His vision for ThredUP materialized. He saw busy moms with unwanted clothing and used kid's clothes as an ideal target and launched his online start-up, ThredUP, in 2009.
And to help out those moms on the go, the ThredUP model caters to busy customers. "We send you a prepaid bag. You fill it and leave it on your doorstep. We pick it up right at your house," Reinhart said.
Consignment with class
- Joanna Weinstein at Power Pitch1 day ago
Time for the marijuana industry to get a makeover, says Josh Gordon, founder and CEO of e-commerce start-up The Bureau.
He's weeding out tie-dye and leaf graphics for chic new designs. The 27-year-old said he has high hopes to "raise the standards for the [marijuana] industry," and nix the black-market feel.
"Whether we're talking about a grandmother dealing with [the] side effects of chemotherapy, or a modern professional that consumes recreationally, they deserve to be treated like the high-value consumer they are," said Gordon.
Watch this entrepreneur pitch his pot packaging to a panel with Troy Dayton, CEO of ArcView Group, a firm that connects investors to pot start-ups, David Dinenberg, founder and CEO of KindBanking, and Wendy Robbins, producer and director of "The Marijuana Show." Will the panel be in or nip his start-up in the bud?
Growing up, Gordon spent winters at his family home in Colorado, where the cannabis industry has gone more mainstream.
- Joanna Weinstein at Power Pitch8 days ago
Attention hot sauce enthusiasts. Entrepreneur Casey Elsass has an announcement: "I love you Sriracha, but spicy honey is the next big thing."
At 28, Casey Elsass quit his administrative job at the Metropolitan Opera in New York to co-found condiment start-up MixedMade in Brooklyn with his good friend Morgen Newman. Their first product is Bees Knees Spicy Honey, made from just honey and chili pepper.
Watch co-founder Elsass make his pitch for the sweet and spicy condiment in just 60 seconds to a "Power Pitch" panel with Alexander Smalls, executive chef at The Cecil, Rohan Oza, founder and CEO of Idea Merchants Capital, and Richard Demb, Abe's Market co-founder. Will the panel call it the "bee's knees," or will MixedMade get stung?
Sugar & Spice
Elsass said brand named condiments are chock full of low-quality ingredients. "Food and life should be unexpected and unboring," he said.
- Erin Barry at Power Pitch22 days ago
Entrepreneur Devaraj Southworth says he wants to let the good times flow—with a twist.
"Pull out your Thirstie app, the red wine is at your door in under an hour," pitched Southworth. His start-up, Thirstie, lets customers order wine, beer and spirits through its mobile app and website. Southworth had 60 seconds to take a shot at the "Power Pitch" panel of Jennifer Baum of Bullfrog & Baum, Ellie Wheeler of Greycroft Partners and Lee Schrager of Southern Wine & Spirits. CNBC's Mandy Drury hosted the segment. Will the panel toast to his big idea? Watch the video to find out!
After meeting through their college alumni network, Southworth and his co-founder Max Razmakhin knew they wanted to build a business together, but they didn't know what. Then an opportunity drafted itself. The friends attended several events where they needed alcohol within the hour, but nobody knew of any nearby delivery options.
"We both realized how great it would be if we could just press a button and have alcohol delivered to our doors," Razmakhin told CNBC. The pair observed that they had tapped into a universal pain point.
- Erin Barry at Power Pitch29 days ago
Healthy snacking may sound like an oxymoron, but it's the mission of Guatam Gupta's start-up NatureBox.
"We make snacking more convenient, better for you, and delicious," Gupta said.
The founder had 60 seconds to pitch his idea to the "Power Pitch" panel with Clara Sieg, Revolution Ventures partner; Naval Ravikant, AngelList co-founder; and Nick Marsh, Chop't CEO and FirstMark Capital partner. Will the panel bite? Watch the video above to find out.
Throughout his childhood, Gupta struggled with his weight. In his senior year of high school he decided to take control of his eating habits, and by graduation he lost 70 pounds.
"I noticed that it was challenging to find snack choices I felt good about eating while I was on the go. So much of what's available in today's market offers convenience but little nutritional value," Gupta told CNBC.
- Erin Barry at Power Pitch1 mth ago
Breakfast may be the most important meal of the day, but for some it's that morning cup of joe they can't live without.
But Northeastern University sophomores Ali Kothari and Johnny Fayad may have found a new way to get that morning fix.
"We were constantly running late for our 8:00 a.m. classes and never had time to eat our breakfast and, more importantly, drink our coffee. So we thought why can't we eat our coffee?" Kothari said.
The co-founders had 60 seconds to pitch their java start-up New Grounds Food to a "Power Pitch" panel with Patrick Chung, founding partner of the Experiment Fund, Lauren Jupiter, managing partner with Accel Foods, and John Moore, co-founder of Nobletree. Will they convince the panel they have what it takes to win this frothy market? Watch the video above to find out!
Kothari and Fayad met in their early morning financial accounting class, which they both struggled to make on time.
- Joanna Weinstein at Power Pitch1 mth ago
One mom says she has the solution to that growing pile of kiddie art.
"The average child brings home 800 pieces of artwork by the end of the elementary school years. What do you do with it all?" asked Carolyn Lanzetta.
The answer avoids storage and overcrowded fridge doors. Instead Lanzetta co-founded Plum Print, a start-up transforming artwork into custom coffee-table books. And she told CNBC she's been profitable from Day One.
The founder had 60 seconds to paint her big picture to a panel with Rothenberg Ventures Partner Fran Hauser, Mommy Blogger Kristin Quinn and Pipeline Fellowship founder and CEO, Natalia Oberti Noguera. Will she draw the panel in? Click the video below to find out.
Trader turned art entrepreneur
Lanzetta spent the early days of her career trading on Wall Street, but told CNBC she always dreamed of running her own business.
- Joanna Weinstein at Power Pitch1 mth ago
Aamir Baig’s company puts a new business model on the table — luxury furniture at an affordable price. Baig cofounded e-commerce furniture start-up, Bryght, which he projects will hit $5 million in revenue by the end of this year.
“We’re like Warby Parker for furniture,” he told CNBC.
Baig had 60 seconds to pitch his “bryght” idea on a very well furnished panel with Judy George, owner of home branding and design firm Judy George International, Stephanie Palmeri, a principal at SoftTech VC, and Maxwell Ryan, founder of “Apartment Therapy.” Will Baig’s pitch floor the panel or will they dim out his idea? Watch the video to find out.
Back in 2006, Baig’s friend Andy Prochazka visited a trade show in China. While there, Prochazka noticed the disparity between manufacturer sale prices and retail prices. He found the gap particularly significant in the high-end furniture sector.
- Erin Barry at Power Pitch2 mths ago
Imagine walking down the grocery aisle, holding a small laser gadget and scanning an apple to see how much sugar it contains, how many calories it has, or even if it's ripe. It may sound like science fiction—but one start-up has created the app that makes it a reality. And the founders believe its potential is enormous.
"SCiO is the first molecular sensor that fits in the palm of your hand. It scans the molecular fingerprints of materials and sends instant relevant information to your smartphone," pitched Dror Sharon, co-founder of Consumer Physics, which is behind the SCiO.
Sharon had 60 seconds to make his pitch and convince a panel of experts, and you, his company has what it takes to become the next big thing. The panel included Clara Sieg, partner with Revolution Ventures, Stephanie Palmeri, principal at SoftTech VC and Mark Siegel, a managing director at Menlo Ventures. CNBC anchor Mandy Drury was the host.
Will the panel be intrigued? Watch the video to find out!
Pocket-sized molecular scanner
- Joanna Weinstein at Power Pitch2 mths ago
Eyeglass wearers unite. One recent MBA graduate is rebelling against the high cost—and high maintenance—of prescription eyewear.
"It's time for glasses to change," Konrad Billetz said.
Billetz founded start-up, Frameri, in July, with one mission: "No more changing frames every time your prescription changes or overpaying for glasses."
Billetz had 60 seconds to pitch his big vision to a panel with Maveron Partner David Wu; Cuurio Chief Marketing Officer Kelly Hoey; and University of Pennsylvania's E-Commerce Professor, David Bell.
Will the panel see his big idea clearly or be out on his new look? Watch the video above to find out.
Framing the business
Billetz started wearing bulky, corrective lenses at age 11—after a childhood friend accidentally shot him in the eye with a BB gun. Eventually, he got tired of wearing the same glasses every day but couldn't find a style he liked.
Now his e-commerce start-up, Frameri, offers interchangeable lenses and frames. Billetz hopes to make changing eyewear as easy as changing your outfit.
"We design glasses for actual glasses wearers," he told CNBC.