GO
Loading...

Power Pitch

Power Pitch: Binishells Q&A

Binishells Profile

source: Binishells

Name/Title/Company:

Nicolo Bini, CEO & president of Binishells

What is the mission of your company?

Our mission is to re-think construction to make buildings safer, greener and more affordable.

Explain your business modelhow do you make money?

We are currently developing joint ventures by region with leading developers and builders around the world. We will license our technologies exclusively for the region to the joint venture.

There are significant advantages for all parties: We get to penetrate markets internationally and capture between 7-8 percent of project budgets. Our partners get to be the ones bringing the greenest, fastest and most affordable building systems on the market to their region and also, due to the efficiency of our systems, can improve their profits by as much as 50 percent. The region as a whole gets to benefit because our systems utilize local materials and labor, and create buildings that are less taxing on the environment.

Who do you compete with in this space and how are you different?

Our building systems are the fastest, greenest and most affordable ways of building permanent structures that meet international building codes. They have withstood all manner of natural disasters.

Our biggest competitor is traditional construction (eg. CMU blocks or mud brick). Prefabricated and modular building systems are our other competitors, but do not have the advantages we do in regards to cost, speed, environmental impact or strength. Other dome construction systems are slower, less environmental and more expensive than ours.

Where are your headquarters?

Los Angeles

Number of full-time employees?

6

Year Founded?

2009

Funds Raised?

$350,000 from friends and family.

Key Investors?

Actor David Arquette is an investor, and we have an A-list celebrity client for our first project.

Prior experience

I have 25 years of design, construction technology and architectural experience. Our VP of Research & Development has 50 years of experience in construction technology. Our VP of Marketing worked previously as the head of marketing for brands Nike, Levi's and WWF. Our legal counsel has 25 years of experience in international construction law.

Featured

Contact Power Pitch

Owning It: Small Business

The Power Pitch

  • CNBC's "Power Lunch" is giving CEOs a chance to make a 60 second "Power Pitch" aimed to convince a panel of experts that their start-up has what it takes to succeed.

Power Lunch

  • Jermichael Finley No. 88 of the Green Bay Packers stiff arms Terrell Suggs No. 55 of the Baltimore Ravens on October 13, 2013 in Baltimore, Maryland.

    An NFL player has a quandary—take a $10 million disability insurance payout, or continue playing football.

  • Former NFL players Jack Brewer of The Brewer Group CEO, and "Fast Money" trader Jon Najarian, discuss whether Green Bay Packers Jermichael Finley should collect $10 million tax free thanks to his disability policy.

  • CNBC's Dominic Chu breaks down which technology stocks are worth more than they were at the height of the dot-com boom.

Technology

Small Business