Gravity Powered Golf Putting Ramp by Matt Dyor (Matt)


This is a small, electricity-free putting ramp perfect for the office. In rooms with short carpet, no felt is needed, and it is a subtle, silent, and speedy device to practice putting in the office. Felt can be used for hard floor

This invention was created on 06-24-2017 as part of the Golf Open Challenge challenge.
Rate this Idea
         
Average Rating
Average Rating 5.00 with 6 ratings
Feedback
Share Feedback with Inventor
Projected Invention Sales Price

$20,000.00

First Year Margin
($15.00 price/unit - $5.00 cost/unit) * 2000 first year units = $20,000.00
Execution Plan

Check out the commercial site at www.PuttMate.com.

I will send a free PuttMate.com to anybody who makes a bona fide offer to invest $50 in the current investment round.


Benefits of Gravity Powered Putting Ramp

  1. Speed: because the putting ramp returns the golf ball directly and immediately to the putting zone, it is possible to get 15 quality putts in a minute, as compared to 6 putts per minute from an electric putting device.
  2. Silence: no noise. Electric putting devices are noisy when they pop the golf ball back to the golfer. The gravity powered golf ramp is perfectly silent.
  3. Subtlety: having a green felt with a power cable is not the right fit for every office. If you have low profile carpet at your office, you can just tuck the ramp in a corner and keep it available for your next conference call. You can have one at your putting green for the start of your warm up.
  4. Savings: the most affordable ramp on the market, because it has no moving parts and limited fabrication complexity.



Activities to Sell Invention

  1. Build prototype with 3-d print (complete)
  2. Test prototype internally and reprint as necessary (complete)
  3. Once we have a solution that we like, file a provisional patent application (complete)
  4. Conduct customer validation with 10-20 target customers (scheduled for Wednesday June 28)
  5. Sell the invention to a golf retailer (eg-ProGolf) or golf club manufacturer for $20k (target September 2018)


Business Opportunity for Acquirer (why will ProGolf/Topgolf buy)

  1. Cost to manufacture: $5
  2. Price of sale: $15
  3. Probability for active golfer to purchase: 33% (based on surveys)
  4. Sales Model:
  • Bottoms Up for Progolf: Assume the have 20,000 store visits a year among their 5 stores, at at a 33% sales probability, that is 6,600 sales for a margin of 66,000, minus the cost of the invention at 20,000 => $46,000 profit in year one.
  • Bottoms Up for Topgolf: Reported 13 million annual visitors, assume a 3% sales probability, 390,000 units.
  • Top Down: 24 million active golfers worldwide. Assume a .1% sales rate, and that is 24,000 units.


Initial Prototype Video: https://www.youtube.com/watch?v=hMg2SrnFDCs

One of our prototypes:

Provisional patent application available for review upon request.


Share This Prototype:

Share on Twitter Share on LinkedIn Share on Facebook

Hypothetical Investors


Round #2: Second Round Pre: $5,000.00 + Raise: $5,000.00 = Post: $10,000.00
Total Committed
$0.00

Round #1: Build a 3D Prototype, File Provisional Patent Application, Validate with Customers Pre: $2,000.00 + Raise: $500.00 = Post: $2,500.00
Tobias $50.00 (1.0 % of invention, current: $100.00, projected: $200.00)
Brian $50.00 (1.0 % of invention, current: $100.00, projected: $200.00)
ejsalisbury $25.00 (0.5 % of invention, current: $50.00, projected: $100.00)
harderdt $10.00 (0.2 % of invention, current: $20.00, projected: $40.00)
mark $10.00 (0.2 % of invention, current: $20.00, projected: $40.00)
Total Committed
$145.00

Want to Invest?

The inventor is evaluating whether to raise money at some point in the future using a Hypothetical Investment Round (HIR). This is not a request for investment from the public, but a request for feedback about whether to consider opening an actual investment round in the future.

Amount Being Raised
$5,000.00

Pre-Money Valuation
$5,000.00

Post-Money Valuation
$10,000.00

Investment Round Title
Second Round

Goals for this Round

Scale validation sales to prove (and improve) market demand.



Commit 100% of Round
$5,000.00
By clicking the button above, you are indicating you might like to invest up to $5,000.00 at a pre-money valuation of $5,000.00 and a post-money valuation of $10,000.00, which would represent 50.00 % ownership of Invention. At the projected sales price of $20,000.00, you would get $10,000.00. No actual offer for investment is being made or accepted by you or the Inventor.

Custom Amount


Commit 1% of Round
$50.00
By clicking the button above, you are indicating you might like to invest up to $50.00 at a pre-money valuation of $5,000.00 and a post-money valuation of $10,000.00, which would represent 0.50 % ownership of Invention. At the projected sales price of $20,000.00, you would get $100.00. No actual offer for investment is being made or accepted by you or the Inventor.