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Scott
Pinizzotto continues to believe he's sitting on a
potential gold mine with his high-tech toilet seats that
rinse and warm people's bottoms.
"The next evolution of the toilet," Pinizzotto said of
the Swash, an upscale seat made by his San Francisco
startup, Brondell Inc. "We are trying to educate people
that there is a more hygienic and comfortable way to go
to the bathroom."
Introduced nearly a year ago, the Swash was designed to
transform a run-of-the-mill toilet into a bidet — a
device that cleanses with a spray of warm water,
relieving people from the hassles of toilet paper. The
Swash features heated seats, too, and its top-of-line
model also comes with a warm-air dryer and as a remote
controlled version.
Not cheap though, the Swash comes at a steep price with
$429 to $549, yet sales have risen by nearly 50 percent
every three months, said Pinizzotto, the company's
co-founder and CEO.
Although bidets are common in Europe and parts of Asia,
the high-tech toilets haven't made much of a splash in
the States.
Brondell is trying to change that with the help of a
$1.3 million investment led by Mark Cuban, who became a
billionaire near the peak of the dot-com boom in 1999
when he sold Broadcast.com Inc. to Yahoo Inc. Cuban,
best known as the owner of the Dallas Mavericks
basketball team, is an old friend of Brondell's other
co-founder, David Samuel. Cuban dived in after he ran
into Samuel in October and learned more about the Swash.
"I have always been interested in innovative and cutting
edge-technologies coupled with a large market
opportunity," he said in a statement.
Like Cuban, Samuel already is flush with money. Before
he turned 30, Samuel sold his Internet music service,
Spinner.com, to AOL for $320 million back in 1999. |
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