Chris Graebe from Boardroom Investing here.
This week I would like to invite you to an exclusive LIVE interview with the CEO of our most popular private company right now – Mr. Trung Pham of RYSE – 12pm ET this Wednesday, Sept 28. So please join us by REGISTERING HERE.
RYSE offers the first retrofit solution to motorize and automate installed window blinds and shades, all controlled by a smartphone app.
A little birdie has it that Trung will not only be talking about a new product launch, but also about the newest Big Box distributor that has signed with RYSE, which could be a TOTAL game-changer…
And that’s not it…he may even mention some of his most recent larger-scale installations since we last met with him!
If you would like to catch that previous interview with Trung from August 18th, we’ve pulled it from the archives below. What I especially liked in this INTERVIEW was when (at the 9:30 at minute mark) Trung shared how his product is a part of a white hot market for investors. I’m specifically talking about the Smart Home sector. Trung breaks down how big it is and how all the “big boy” investors like Amazon are scooping company’s like RYSE up.
To go back in history even a bit further, let’s revisit Trung’s 2018 pitch to the Dragon’s Den (Canadian version of Shark Tank).
Play by play, the unassuming Trung entered the Den asking for a whopping $400,000 for a measly 3.5% of his company. At the time his company was called AXIS – and its offering was a simple DIY product installed on a window frame with the ability to motorize existing window shades, controllable via smartphone or voice.
We’ve all seen how this unfolds…Usually the response is, “I’m too busy for this to be worth my time for such a small stake – I’m insulted…I’m out!” Or… “Where in the heck did you come up with that crazy valuation – I’m insulted…I’m out!”
But not this time.
Instead the Dragons began fighting each other over this opportunity – yes it was something like this…
It ended with Trung accepting a duo of Dragons for a total of 3.5% equity stake in his company… and at his full asking price.
Why did these investors fight this hard over a piddly 1.75% stake each? Because they understood the potential value of the Smart Home industry – one that is expected to grow from approximately $158 billion in 2018 to $262 billion by 2025 – that’s a lot of billions $$$!
Further, less than 8% of new window shade purchases are motorized due to high costs and lack of retrofits, leaving RYSE the opportunity to automate the other 92% of shades – and that’s a lot of shades!
Finally, it’s possible thoughts of Ring went through their heads…which was rejected on Shark Tank in 2013, and ended up selling to Amazon for $1.2 billion. And not to rub it in, but the show later invited Ring Founder, Jamine Siminoff, on as a Guest Shark…
So all this takes me to you…No, you won’t have to engage in a nasty pillow fight with Mark Cuban to own a piece of this company.
But you may want to simply tune in to our LIVE interview with Trung this Wednesday at 12pm ET. So please join us by REGISTERING HERE.
We look forward to hearing the latest updates from Trung as well as having you join us!
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