SPIN Games & Activations

David Roberge, Olivier Roy and Gabriel Desbiens of Montreal, QC asked for $75,000 for 15 per cent of SPIN Sport and Innovation, a company that designs and builds life-sized games such as a giant foosball table and a giant pool table played with feet. The games are rented out for corporate and sporting events for about $2,050 per event, fully set up, and are also sold to the general market with growing international interest from countries including Turkey, Belgium, Mexico and the United States. Since starting in October of the previous year, the company had generated $180,000 in revenue, was cash flow positive, and expected to have about $100,000 in the bank by year end. The $75,000 was sought to fund sales efforts tied to international growth.

Jim Treliving suggested the founders focus on building a rental business rather than selling units but did not make an offer. Manjit Minhas went out citing low barriers to entry. Michael Wekerle offered $75,000 as a 7 per cent royalty for 7 years followed by a 7 per cent equity stake. Michele Romanow first offered $75,000 for 25 per cent, then revised her offer to $75,000 for 25 per cent with a 10 per cent royalty until she recouped her investment, after which her equity would drop to 15 per cent; the founders accepted this deal.

SPIN Games & Activations is still operating and sells through its website.