A local entrepreneur says she’s getting calls from across the nation after her appearance on CBC’s Dragon’s Den.
Julieta Miranda, and her business partner Josh Kalhofer, owners of Kid Drop Inc. made their way to Toronto last spring to pitch their company to the Dragon’s Den.
The show aired on Thursday where viewers watched Miranda ask the Dragons for half a million dollars in exchange for 10 per cent of the company.
“It was six months in the waiting, and now it’s finally out in the open,” said Miranda at the watch party held at Startup YMM.
“Kid Drop has a long journey ahead of it.”
Miranda and Kalhofer’s company was the third pitch of four in the 10th episode of Season 18 of the hit show. Miranda explained to the panel of six investors her business model, growth, challenges, and recent successes.
“What you have done is nothing short of miraculous,” said Dragon Investor, Arlene Dickinson.
“You are a role model to other single moms, and you are an inspiration. Having said that, whoever gave you the $5 million valuation makes it really hard to even have a conversation.”
Miranda’s heartfelt pitch opened the hearts of the Dragons, but they did not open their wallets. One by one the Dragons turned down the opportunity to invest in Kid Drop.
Miranda and Kalhofer returned from Toronto empty-handed.
The episode may have kicked off a new chapter for Kid Drop, however. Since the show aired, the phones at Kid Drop have been ringing off the hook with offers from Canadian investors, people interested in buying a franchise, and potential business partners.
“This is a very special time for our amazing team,” said Miranda.
