Roominate Q and A

What is the primary goal of Ruminate?

• To compete with traditional toy companies

• To create fun toys for all children

• To inspire the next generation of female engineers

• To become the leading toy brand in the market

What was the initial investment asked by Ruminate's founders?

• $1 million for 20% equity

• $750,000 for 15% equity

• $600,000 for 10% equity

• $500,000 for 5% equity

What unique feature does Ruminate offer in its toys?

• Action figures

• Video games

• Puzzles

• Wired building system

How did the founders of Ruminate meet?

• Through an online forum

• In an engineering class at Stanford

• At a startup incubator

• At a toy fair

What inspired one of the founders to start Ruminate?

• Playing with a Barbie doll

• Building with wooden blocks

• Receiving a saw instead of a Barbie

• Programming a computer

What is Ruminate's approach to play?

• Digital play with apps

• Competitive play with scores

• Open-ended play with inspiration

• Structured play with instructions

What was the sales figure for Ruminate in the year prior to the pitch?

• $850,000

• $5 million

• $1.7 million

• $540,000

Which two sharks decided to invest in Ruminate?

• Daymond John and Robert Herjavec

• Kevin O'Leary and Barbara Corcoran

• Mark Cuban and Lori Greiner

• Lori Greiner and Barbara Corcoran

What concern did one of the sharks have about Ruminate's packaging?

• It was too large

• It was too colorful

• It was not eco-friendly

• It didn't explicitly target girls

What contingency did Mark Cuban have for his investment?

• He must have final say in product design

• The product must be sold internationally within six months

• His daughters must be allowed to spend time with the founders

• Ruminate must turn a profit in one year