Summary: Coffee from all around the world to your doorstep, for a few bucks a month! MistoBox was featured recently on Shark Tank and had a very successful pitch on the show. If you read any of the Shark Tank Blogs you know this was a product that generated a lot of buzz, especially among coffee enthusiasts. I am not a coffee drinker myself, but I was excited to speak because they are fellow Arizonians (did I make that word up?) their business is internet based, and they came out of their college entrepreneurial program with a viable, profitable business. How about them apples? "Choose a job you love, and you will never have to work a day in your life." ~ Confucious Connor Riley joined Shark Tank Podcast to cover all the bases. How the business started, why they chose coffee, what we missed in the tank, etc. Samantha was otherwise disposed, which is a bummer, but Connor was an excellent guest and shared many valuable nuggets for you the listening audience to chew on as well as FREE MISTOBOX COFFEE for a few lucky listeners. You can win by putting your email address in the box below or by "Liking" SHARK TANK PODCAST on Facebook. Well close it out in about two weeks. Also check back here for my review of MistoBox's gourmet artisan coffee. Jump IN! Session 30 is sponsored by: He is still one of the most downloaded podcast episodes on the show. Check out his session HERE! Enter email here to become a "Shark-In-Training" (Join our mailing list) Click here to send this post out as a Tweet>>>>>>>>>>>>>>>>> Click here to check out the Shark Tank Podcast Facebook Page! (Brand New!) Click here to subscribe on ITUNES Enjoy! Right Click Here to Download the MP3 In this episode you will hear: U Of A has an entrepreneurial program teaching students how to start successful businesses - Hallelujah! Connor's thoughts on whether this experience has given more value than an MBA degree - A MUST LISTEN! Shark Tank goes 'North Korea' on all contestants - No phones, no outside world connections. Connor discusses my "Costco theorem" (Hint: Buy it now because you may not see it again for a while) How MistoBox has disincentivized customers from going around them to their suppliers How MistoBox staves off competition from new entrants to the marketplace The formula that helps determine cost of customer acquisition - Business owners must understand this number Connor & Samantha calculate this metric every two weeks Connor talks about the Shark Tank effect & the next set (Shark Tank rerun) and how well they converted to coffee sales. Everyone wants to know, "What is it like working with Mark "The Shark" Cuban Why Niche Subscription companies can be much harder to exit than other tech startups Why mistakes are such a critical part of being successful & learning not to repeat them Kickstarter! What percentage of their backers were in their network? Where to look for mentors? Plus a whole lot more… Advice for entrepreneurs who haven't made it over the hump just yet: Find a mentor or mentors. Most successful entrepreneurs enjoy helping others get their feet wet. Items we talked about during the session: MistoBox SharkTankSuccess website KickStarter SharkTankBlog Cost Of Customer acquisition: Sum of marketing/sales/commercial costs expenditures divided by amount of new customers brought in over the same time period. Dollar Shave Club.com (great video, great company!, seriously watch this) Link to AZ news coverage of MistoBox (Local news is turrible, but still) Tech that Connor could not survive without: Asana Party online with MistoBox: Twitter Facebook Click here to subscribe to the podcast in iTunes and leave a review. Thank you for checking out the Shark Tank Podcast. Hopefully you get a feel for how much I love the show and sharing this medium with fellow fans. PLEASE HELP SPREAD THE WORD! (Seriously,
