|SEASON 4 EPISODE 1|
|Pitch||ticketless technology for checking services|
|Asked For||$200,000 for 10%|
What is CoatChex?
Computerized coat check system app called Coatchex allows you to check in any items with your cellphone. You will receive a text message on your cellphone as your receipt. The coat check attendant has a picture of your belongings and you for proper identification. Easy check out is the reverse.
Who Owns CoatChex?
Derek Pacque came from McLean, Virginia. He decided to further his education by attending Indiana University – Kelley School of Business and majored in Business Administration. Senior year of college Derek founded Coatchex. Derek graduated from college, moved to New York, and is now working with Coatchex and is CEO of Chexology.
A senior Indiana University student Derek Pacque found carrying around his winter coat when he was in bars or restaurants annoying. He wanted to correct this problem with a creative solution. He had an idea of improving an old-time notion of coat checking.
Coat checking was problematic with lost tickets and stolen coats so, Derek turned a liability into a safe and ticket free system. Derek needed help and someone to believe in him. He found a former professor, partnered with him, and launched a company called Coatchex.