It’s 2016…who the hell knew how hard it would be to get money together for a project? Yes, the Assassin Kayak Paddle project is still waiting on funding. The revolutionary kayak paddle that will change the way paddle sportsmen utilize their paddles, is still in financial limbo. We are still $50,000 short of moving forward.
Money grows on trees…right?? The economy is growing…right? Paddle sports is growing…right? Then where is the money? Where are the investors?
The money is definitely out there! However finding the right investor is the difficult part. The Assassin Kayak Paddle project, as we know, will forever change the landscape of the paddle sports market. We know the patented “hook and teeth” blade design, and the raised graphics package are “badass.” We know the full versatility these paddles will deliver. When fully introduced to the paddle sports community, we will shock the market! We know this!
However, we have to find the right investor who believes in our project, and also knows this!
Again, finding the right investor is time consuming, and stressful. Not all investors are created equal. Herein lies the problem in our paddle sports market. Most investors are aligned with technology, communications, aerospace, software development and medical projects. That is where the biggest, and most observable, growth pattern is reflected. That’s where the big money goes.
Paddle sports? Say, what? Who invests in such a small market? Compared to all the other investable big market projects that are available, why bother with the small stuff? We are looking for that elusive niche investor. All I can say is….remember our Indiegogo campaign! 90% of those crowd funding projects were NOT sports related! Fortunately, there are investors who dabble in the sports market arena.
Identifying these sports investors, contacting them, establishing dialog, and eventually the “pitch” can be daunting. First, you have to be fairly sure they are “water sports” investors. Compared to, say…athletic and sports wear, motor sports, team sports, hunting, hiking and adrenaline sports, etc. Every investor has their specialty, or favorite sport to indulge. If anyone knows of one of these elusive “water sports” investors…please share!
We do have a couple “pokers in the fire,” At this point, I’d rather not identify the potential investors. Kind of jinxes the collaboration. We will continue searching for these elusive sports investors and performing our due diligence. As soon as we can lock someone down for the future, we will shout it out to the world!
Thanks for your continued support!
Paddle on my friends!