Last night, Gangplank Chandler hosted a second annual Extreme Pitch Startup Event. It featured ten local companies that participated in their Roadmap to Launch program. The room was filled with local talent, a group of esteemed panelists, and delicious food compliments of Chow Locally. The event began with each presentor being given four minutes of stage time to pitch their startup. Live audience interaction was facilitated through Facebook, #ExtremePitch on Twitter, and a digital “Sucks” / “Rocks” meter via text message. After each company had a chance to present, the event took a 30-minute break to enjoy dinner, and give the panelists time to discuss the presentations. After the break, True Points, Plexus Controls, and Audio Excursions were announced as the three finalists.
The three finalists were then allotted seven minutes each to respond to panelist and audience questions. During that time, clarification were made on each company’s product, mission, business plan execution, and monetization strategies. To formalize a winner, each audience member was given three tickets and instructed to cast their votes with the company or companies of their choice. After much excitement and anticipation, the votes were tallied, and Plexus Controls was announced the Extreme Pitch 2012 Winner!
Plexus Controls struggled through the presentation with cluttered slides and an unclear message, however, it was their marketability and previous sales that stood out in the end. Plexus Controls pitched on developing and manufacturing wireless devices to limit energy waste in residential and commercial buildings. In simple terms, they are looking to fully engineer a “smarthome” to manage energy efficiency. Their current product line consists of automated blind controls that regulate shade. They have sold around 200 units to date. As stated in their presentation, windows are to blame for up to 50% of Heat & A/C energy output. Beginning with shade control automation, they wish to emerge as a leading company with a full product line to perform complete residential and commercial energy management modifications.
As identified by a few of the panelists, Plexus Controls has a great opportunity in the current marketplace, a chance to catch the wave of energy efficient / eco-friendly initiatives, and will be looked at favorably from the eyes of potential investors.
Unfortunately, we could not locate a web site for Plexus Controls to link to for more information. Come on guys, my grandma has a web site!