How This Entrepreneur Secured $200,OOO Investment for an App Transforming Mental Health One Breath at a Time

How This Entrepreneur Secured $200,OOO Investment for an App Transforming Mental Health One Breath at a Time

Entrepreneur Elevator Pitch This is the show in which contestants are given 60 seconds to pitch their businesses. Our investors are watching and, if they like what they hear they open the doors. The entrepreneur then steps into the boardroom to seal the deal. If they don’t like what they hear the entrepreneur is sent back.

Elevator Pitches

It’s exciting, it’s intense. In this ongoing article series we celebrate entrepreneurs who walk out with a win. We also share their tips for pitching to success.

What are your strengths and weaknesses?

Hello, my name is Max, and I am the CEO and co-founder of Breathwrk. Our mission is to make mental health accessible to everyone, at any time and anywhere. The award-winning Breathwrk app, which is available in your smartphone, can help you improve anxiety, focus, energy, sleep, and focus. Over 27,000 subscribers have signed up and there are over 200k active users each month. Breathwrk has also created a huge online community with more than 3.5 million followers on its social channels. We have over a billion views of all our content.

Related: Max’s winning pitch is shown here

How did you prepare?

I prepared for the 60 second pitch because I knew that if I made it to the boardroom, I would be able to answer any questions the investors might have. We have raised capital before for the business and have been asked the most difficult questions. We have never pitched in under 60 seconds! It was fun to prepare for the time constraints.

What did you expect to happen? What was it that surprised you?

I saw the show as an opportunity for growth, so I didn’t obsess about the outcome. It was fun to try something new and introduce the brand to more people.

Why do you think they opened them?

They understood the company’s mission and value, and they appreciated the gains we made.

Related: Here’s the Difference between a pitch that nets $100,000 and one that nets $0:

How did negotiations go? Would you change anything?
Negotiations went much better than expected. We received little resistance to valuation and Marc Randolph invested $200k.

What are you going to do with your investment?

We intend to continue to improve our product in order to improve the lives of people around the world.

What did it mean for you to walk out of the door with a win?

It was a significant moment for me, considering that I was suffering from extreme depression and anxiety just three years ago. I couldn’t have imagined that I would make it this far back then.

Related: Watch the Pitch that Results in Life-Changing Investments and a Lot Of Tears

What advice would you give to someone who is considering applying to be on a future episode of The Simpsons?

Prepare for the 60 second pitch, but most importantly, have fun and love the company you are running.

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