pivotalplays

pivotalplays

×  

Follow This Show

If you liked this show, you should follow pivotalplays.

Pivotal Player: Derek Pacqué of CoatChex

  Broadcast in Business

Call in to speak with the host

Sometimes the best business ideas come from bad personal experiences.  When Derek Pacqué was a senior at Indiana University, he had his $300 coat stolen at a nightclub, which did not have a viable coat check area.

He quickly realized that most bars and nightclubs don’t have coat check services, and decided to fill this need by launching a company that provides collapsible coat check kiosks. Pacqué‘s new company, called Hoosier Coat Check, initially charged $2 to $3 per coat and paid 10 and 30 percent of its revenue to the venues. In the first six months, the company earned $50,000.

Fast-forward to three years later, and Pacqué rebranded the company as CoatChex, which also offers a mobile app that uses QR codes as an alternative to the all-too-easy-to lose coat check tickets.

Following is an exclusive podcast with Derek.

Tags:
CoatChex
Derek Pacque
Pivotal Plays
Coat Check Business
Shark Tank
h:256903
s:5132897
archived

Comments

 comments