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How do companies like this get funding?
Selling a product that doesn't work.
- iwwr 16y agoThe same way companies selling "wireless antistatic bracelets" get funding.
- junklight 16y ago"magic" devices to make you healthier/perform better/more wonderful have quite a long history of making money so with the right person probably is a great investment and there is a whole world of people investing in this, that and the other outside of the valley.
- DrewV 16y agoThey did $35m in sales last year: http://www.cnbc.com/id/40842683/CNBC_s_Sports_Product_Of_The_Year_Power_Balance http://www.cnbc.com/id/40842683/CNBC_s_Sports_Product_Of_The... Whether you like their product or not, they've created something consumers want to buy.
- fondue 16y agoYears ago all of my older relatives and in-laws were wearing copper bracelets because they did something 'magnetic' or 'electric' to help their arthritis. It was no use trying to convince them otherwise. :(