I am a team member with a company called X-factor Technologies.
We are a company that specializes in baseball specific technology that solves the #1 issue keeping 12yr old baseball players from becoming 13yr old baseball players...timing. Youth baseball and softball have over 25M participants between 6-12yrs old. When approaching high school the number shrinks to 500-700k, which is a fall off a cliff. We wanted to solve this problem to not only create better experiences for youth (baseball is losing viewership and fanfare) but also at progressive stages of competition in baseball, culminating at the Major Leagues. We utilize and created time domain metrics (objective) vs what our competitors use bat orientation metrics (subjective).
View: https://youtu.be/6RbrvFOmzxM
(this is a brief video demonstration)
We have proof of concept, a pitch deck and also a comprehensive business plan.
We have met with three major league teams for investment but all three want full exclusivity to the tech and do not want to bring it to market. We thought because this tech could potentially “save the game” and both me and the CEO are homegrown baseball guys (CEO was a professional scout for 20yrs and I have been a performance coach for professional players for over 6yrs), we thought MLB would jump all over this. We were mistaken.
My question is what suggestions does the community have on finding Venture Capitalist contacts? We are ready to start production but just lack funding and would love to exchange equity stake for investment. We have not been able to get in front of VC’s and we have tried almost everything. We tried licensure with our competitors, meetings with Microsoft, making our pitch deck and business model more robust etc.
Any help is appreciated! Thanks for reading our situation!
We are a company that specializes in baseball specific technology that solves the #1 issue keeping 12yr old baseball players from becoming 13yr old baseball players...timing. Youth baseball and softball have over 25M participants between 6-12yrs old. When approaching high school the number shrinks to 500-700k, which is a fall off a cliff. We wanted to solve this problem to not only create better experiences for youth (baseball is losing viewership and fanfare) but also at progressive stages of competition in baseball, culminating at the Major Leagues. We utilize and created time domain metrics (objective) vs what our competitors use bat orientation metrics (subjective).
(this is a brief video demonstration)
We have proof of concept, a pitch deck and also a comprehensive business plan.
We have met with three major league teams for investment but all three want full exclusivity to the tech and do not want to bring it to market. We thought because this tech could potentially “save the game” and both me and the CEO are homegrown baseball guys (CEO was a professional scout for 20yrs and I have been a performance coach for professional players for over 6yrs), we thought MLB would jump all over this. We were mistaken.
My question is what suggestions does the community have on finding Venture Capitalist contacts? We are ready to start production but just lack funding and would love to exchange equity stake for investment. We have not been able to get in front of VC’s and we have tried almost everything. We tried licensure with our competitors, meetings with Microsoft, making our pitch deck and business model more robust etc.
Any help is appreciated! Thanks for reading our situation!
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