Evaluating the Smart Tire Company's Pitch on Shark Tank

Evaluating the Smart Tire Company's Pitch on Shark Tank

Assessment

Interactive Video

Mathematics

6th - 10th Grade

Medium

Created by

Sophia Harris

Used 1+ times

FREE Resource

The Smart Tire Company, founded by Brian Yenni and Earl Cole, aims to revolutionize the tire industry with airless tires made from NASA's shape memory alloy technology. Despite the innovative concept, the company faces challenges in execution and market strategy. The pitch to investors highlights the potential environmental benefits and safety improvements of their product, but concerns about high costs and lack of a clear business plan lead to skepticism. The company has raised funds through crowdfunding and plans to start with bicycle tires before expanding to car tires.

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main problem with traditional rubber tires mentioned by the entrepreneurs?

They generate a lot of toxic waste.

They are not durable.

They are difficult to manufacture.

They are too expensive.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What material is used in the Smart Tire Company's airless tires?

Steel

Nitinol

Carbon Fiber

Aluminum

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary benefit of using nitinol in the tires?

It is easier to produce.

It is more environmentally friendly.

It is elastic like rubber but strong like titanium.

It is cheaper than rubber.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of agreement does the Smart Tire Company have with NASA?

A partnership agreement

A licensing agreement

A space act agreement

A joint venture

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What market segment is the Smart Tire Company initially targeting?

Aerospace

Bicycles and micro-mobility

Heavy machinery

Automobiles

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does the nitinol material cost per pound?

$150

$200

$100

$50

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated cost to produce one bicycle tire using nitinol?

$150-$200

$50

$100

$250-$300

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