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The Pitch

#94 The Breaking Point

The Pitch

Josh Muccio

Technology, Business, Investing, Entrepreneurship

4.61.5K Ratings

🗓️ 5 August 2020

⏱️ 36 minutes

🧾️ Download transcript

Summary

When gyms closed at the start of the pandemic, Kevin Allen’s at-home fitness app, Row Vigor, went gangbusters. But there was a problem -- a few lines of code were preventing Kevin from cashing in. The investors present at Kevin's original pitch were Phil Nadel, Jillian Manus, Daniel Gulati and Charles Hudson. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

In March of this year, something happened at Kevin Allen's startup,

0:04.4

as the pandemic was gutting so many other companies,

0:07.6

his business took off.

0:09.9

But there was a catch.

0:12.0

It's like, oh my gosh, if I, if we had cash now,

0:16.0

you would see vigor everywhere.

0:18.8

I mean, everywhere, and we would be growing like crazy, that's not the case and so to be

0:25.7

stymied by such a small amount of cash of capital to be here at this point

0:31.2

you know and I can't leave it now.

0:35.0

I'm Josh Muccio, and you're listening to the pitch from Gimlet Media.

0:39.2

Today on the show, Kevin's dilemma, he needs to capitalize on this moment, but can he convince investors it's worth the risk in the middle of a pandemic?

0:49.0

Kevin appeared on our show once way back in 2017.

0:52.0

Let me tell you, a lot has happened since then. We'll catch up with

0:56.5

Kevin right after this.

1:01.6

This episode of the pitch is brought to you by American Express business.

1:07.0

A lot of you listening right now are small business owners or on the journey to become one.

1:12.0

Whether you own a local restaurant, a medical practice,

1:15.0

or a consulting firm that you run out of your spare bedroom,

1:18.0

take your business further with the Amex Business Gold Card,

1:22.0

now smarter and more flexible, packed with enhanced benefits to

1:25.5

help unlock more business value than ever before.

1:28.8

Like the ability to earn four times points that automatically adapt to your top two eligible spending categories every month,

...

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