SAN FRANCISCO, March
26 - Platinum Concepts, Inc., formed in 1999 and dedicated
to bringing products of superior quality to market, generated
$600,000 in FY2000. Revenue came exclusively from sales of
MouseDriverT, a patented computer mouse shaped like the head
of a driver golf club.
MouseDriver functions as a standard PC (PS/2)
computer mouse and retails for $29.95. It is available online,
via toll-free number (1-888-209-5120) and at more than 750
retail outlets nationwide, including Brookstone, Golf America
and The PGA Tour Shops.
In addition to generating higher than expected
revenue after funding the company on credit cards for a year,
Platinum Concepts has established MouseDriver brand as smart,
approachable and sincere. Founders John Lusk and Kyle Harrison
have chronicled their successes and failures in bringing MouseDriver
to market in The MouseDriver Insider, a free membership-by-request
newsletter that has attracted hundreds of entrepreneurs, CEOs,
venture capitalists and bankers, as well as professors and
students at top business schools including Wharton, Babson,
and Cornell.
"The process of starting a business and bringing
a novelty gift item to market has been an incredible challenge,
and we've relied on the support of our Insider members to
keep us motivated during the hard times and focused during
the good times," said Kyle Harrison, president, Platinum Concepts,
Inc. "There are so many misconceptions about what it really
takes to start a business. Our goal is to present a realistic
view and hopefully motivate others to take the risks necessary
to launch a company on their own."
The MouseDriver Insider lessons are presented
periodically in a candid, humorous e-mail, with newsletter
titles such as "Distribution is Key" and "Tradeshows: A Painful
Experience." All newsletters can be accessed at
www.mousedriverchronicles.com/newsletter; the site also features
an interactive Insider discussion board, a detailed history
of the product idea and company formation, and a zip-code
based store finder that helps visitors locate retail outlets
where they can buy MouseDriver.
Lusk and Harrison have also taken The MouseDriver
Insider on the road, sharing their lessons learned in presentations
to graduate business students at Wharton, Cornell, Columbia,
USC and Pepperdine.
|