Phil Davis, serial entrepreneur and creator of the patented world's smallest microwave, the i-Wave Cube, was offered the opportunity to test-market his new and innovative product during the 2009 holiday season on Amazon.com. However, Phil's company, iwave technologies LLC, did not have the capital with which to acquire a supply of the products for distribution on Amazon.
Ben worked with iwave technologies LLC to develop a strategy for sourcing the needed capital, identified likely sources of capital, and introduced the client to these sources. When one identified capital source expressed an interest in the opportunity, Ben assisted in documenting and closing the transaction.
The i-Wave Cube is now selling briskly on Amazon and plans are underway to source additional capital and to continue offering the product through Amazon and, progressively, more broadly.
A (holiday) client success!