How do companies like this get funding?(powerbalance.com)
powerbalance.com
How do companies like this get funding?
http://www.powerbalance.com/australia/ca
Selling a product that doesn't work.
3 comments
They did $35m in sales last year:
http://www.cnbc.com/id/40842683/CNBC_s_Sports_Product_Of_The...
Whether you like their product or not, they've created something consumers want to buy.
Whether you like their product or not, they've created something consumers want to buy.
Years ago all of my older relatives and in-laws were wearing copper bracelets because they did something 'magnetic' or 'electric' to help their arthritis. It was no use trying to convince them otherwise. :(
"magic" devices to make you healthier/perform better/more wonderful have quite a long history of making money so with the right person probably is a great investment and there is a whole world of people investing in this, that and the other outside of the valley.
The same way companies selling "wireless antistatic bracelets" get funding.