Nova Flo for introduction is purchased and utilized in the United States Of America, Canada, Mexico
also in the far east. Nova Flo is a non electrical magnetically operational device that senses water levels
in the bath or basin area. The water will shut off automatically to prevent flood damage and water
usage overuse. With proper install this mechanism is a secondary type of insurance policy.
There is a reset encoded within the device. This system is proven and reliable the mechanism is
invisible. Non battery operational. The Nova Flo system has been modified for easy install. The system
is green and saves money due to water wastage. …show more content…
In fact it takes far less time to accumulate a expensive
water debt from faulty plumbing and even forgetfulness than it would take extra or double the time to
pay the incurred debt. Landlords and various types of property management is using this tool Nova Flo
to save everyone time,money and energy.
The Pros of Angel Investing in terms of Nova Flo
The beginning source is knowing and understanding that angel investing from benefactors is a huge
help under normal circumstances to most new inventors or business owners. Nova Flo was a new
business at the time when the owner/ inventor went on a reality television show to receive business
ideas and to attempt to interview and attain a secure investment to finance the invention.
Nova Flo did indeed interview with five venture capitalists. The owner was in the need of investors in
exchange for equity into the Nova Flo business. James Barnham asked for 150 lbs for Nova Flo in
return was propositioned otherwise. Firs year revenues were 25,000 units sold, year 2 75,000 units sold
and by year 3 150,000 units sold. The company was lucrative and had a net worth totaling …show more content…
New market sort of speak least no none competitors. Several offers were made and advice
was given from the Dragons private or angel investing It seemed more so that London State University
was helpful investing into Nova Flo. There were a substantiated gain or providing monetary options for
Nova Flo from grants. Contests where the product was marketed precisely to assist with production.
The Cons of Angel Investing in terms of Nova Flo
London State University owned 10% of the company with 4% of retail price of product for future
sales over 100,000. The dragons wanted a higher percentage of ownership in the company. London
State University already had attained 10%in addition to additional royalties previously named. London
State University would have sold their percentage of ownership to an investor. The percentage cost to
regain the 10% would be willing to pay for a low percentage of ownership within the company.
To take the Nova Flo product to the market using the investment monies and business strategy
included would be detrimentally a large sacrifice to James Barnham. With the dragons assistance