As the Propeller Spins

How a Flying iPhone Secured Investors - The pitch that had the Sharks fighting for a chance to buy in.

Posted by Adele Scholl on 11/3/2015

Compared to today’s selections on the market, including a $1,800 USD X PlusOne, xCraft’s $300 alternative is revolutionary. The company’s key to success is its substitution of expensive components in a drone, such as gyroscopes, accelerometers, GPS and cameras. This allows the PhoneDrone’s projected retail price to decrease drastically. Most impressively, Claridge and Manning were able to secure an investment at three times what they requested, landing at a final valuation of $6 million. Check out the PhoneDrone in action above, and see the featured Shark Tank episode below.

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