Top 5 Most Inspiring Entrepreneurs | Shark Tank AUS
00:00 On The Go
13:34 Hummingbird
23:58 Bistro Morgan
37:07 Double Chuck Drill
45:59 NadiX
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products:
Shark Tank US Products Collection:
#SharkTank #Top4 #Compilation
I think bill and john actually got a gig, I’m seeing double chuck drills but im not too sure since they’re called screwdrills. But its the exact function they patented.
Edit: THEY DID IT, The double chuck drill is by john and bill and they got it with WORX, that is crazy honestly seeing it feels very familiar so I think my dad has/had one, crazy how small the world can be at times
There are two chuck drills already, but you need two hands to turn it. Bill and John’s invention is the two chuck drill that can turn with one hand. It just uses a lever you can pull with your thumb.
Nice
Anyone with a business sense able to explains Janine’s logic around not wanting to invest in “blue skies” or future outcomes. It’s 100% a factor in her decision to invest yet she doesn’t want to acknowledge it or pay for it.
It’s more because most people’s projections are based on where they want to be than where they’re actually going to be in the upcoming years. Blue skies is like saying “well if everything goes according to plan” which in business things very rarely do.
The Google definition puts it best, Blue sky is an additional premium paid for goodwill, or the potential to make more money by adding services or products. When buying a business you should pay for the value of the business and not for “blue sky.” Valuing a business is part science, part art and part trust.
A lot of the people on this show have ideas that can make them millions. They prove that someone like me can become rich. But I’m very unproductive and lazy, and for that reason, I’m out.
For that reason, I am out 💔😂✋
Grade A+ comment
i agree with iwasim, for the same reason I am also out ..
Thank you for the laugh❤
Comment of the year
17 year old Morgan: making $55000 in his first week of business.
Me, a 17 year old: watching Morgan making $55000 in his first week of business.
💔😂😂✋
@Sara’ ElAmri and free marketing they get through this show
me at 34 lol
🤣🤣🤣🤣🤣🤣🤣
Me at 100.
Imagine that kid accepted the 42% because he’s just not used these negotiations. She probably would’ve felt bad cuz she would’ve been expecting a counter offer Lol
Her? No.
Respect to the sharks for helping bill and john. Made me feel very good seeing them get help.
I love how the other sharks called out Janine for her bs with Morgan.
@Itz Chara true she could have defended against the objection better
@K B but to be fair i dont think the girl was explaining very well how the sensors work/can tell the positioning 😅 might be wrong but yea
@Ankit Bhatt Well he’s a self proclaimed tech expert but I’ve seen plenty of episodes where Steve doesn’t understand basic technology that’s already understood on a consumer level so his understand of tech isn’t as advanced as he likes to believe, he did make millions by having an advanced understanding of tech once upon a time but he’s clearly been left behind since then.
@K B Steve understands technology and he had valid points/questions. It was a shame that the girl entered shark tank saying she was compared to elon musk and then later on failed to answer steve’s questions.
The donut dude is amazing. What an incredible kid!!! WOW I’m tearing up at how much hard work he’s put into his business.
he didn’t need them, his net worth is now $200 Million
@Sapelu OMG. 💀😂😂😭
@Emir K For the hardwork he has put into building the company, I would say he did the right thing. His business is growing at a pretty good rate as it is, which may be slow for some people but tell me how many people can say they sold 55K worth of product in 8 days when obviously there are other big donut companies out there.
The fact that I’ve heard of the cupcake one and have seen their ads all the way in Canada shows how successful he was without the scam of the Sharks. He’s so lucky he held firm.
damn, good for him! I wonder if the shark actually helped him?
Although Steve seems a little bit savage, he is actually a kind person with a warm heart.
These sharks are nice people. Nicer than dragons of UK. Not that the dragons are not nice people. But these sharks help the pitchers in negotiating. Fantastic
I beg to differ … the UK sharks aren’t nice people at all xD
Indeed they are still humans
yep
Ii
That kid is a monster, he’s got a great business, i would never have given anything over 25%, and it’s great he had the balls to just walk away from that deal, because that was still ridiculous.
Sure, she would have kicked off his business real fast to get real big, but he can do it slower and own far more, and with some coaching he’ll do better than he’ll do on his own, and she’d basically do good to still invest soon after this, for less equity.
The old gents, well, get that patent everywhere, license the double chuck design to the bigger companies, get rich sleeping.
That’s how it should go, i have no idea why this is not in every dyi store.
The time construction workers would save over a year, it’s nuts. I really think that, and then there’s ease, which is worth a lot to be honest.
The woman in the end is nuts with her evaluation, but i do think this could be a big deal worldwide.
She has not sold anywhere near enough to get the evaluation, but she will grow.
I love Steve’s questions at the end. Is there a gyrometer of some kind inside each sensor in the pants? How are the sensors positioned to ensure consistency about where they end up relative to posturally significant musculoskeletal landmarks? I know TV show editing does people dirty, so I’m sure she knows the tech better than she’s made to look like she does — but it is still concerning that it seems she couldn’t give a clear straightforward rundown of how the system works from end to end. Postural physics are more complex than people realize. If you nail exact placement of sensors over anatomical landmarks and also nail perfect sensor precision, then that will do a lot, but I’m not convinced the former is realistically possible with clothing/without placement for each use by someone trained in anatomy.
@Christian Dinkelborg Great point
And even more importantly… how the hell do you wash these? I mean thats kind of an important factor with a sports wear product unless you want them to become literal sweat-pants.
I just don’t think the cabling, sensors etc will withstand water over a long period of time, let alone a washing machine, even if the system is initially water protected.
@Freeza 2G she said “machine learning” and “99% accuracy”, anyone who worked or has an idea about machine learning can tell you that 99% accuracy on a complex system like this is rubish, my current idea is that the data they used is extremely biased
@Freeza 2G Your reasoning is sound from a general design standpoint, but unfortunately not sound from an anatomical standpoint. Anatomy and resultant biomechanics vary extremely widely among individuals of even the same clothing sizes, or even more finely divided clothing sizes. That’s why proper palpation training and postural assessment training in manual medicine fields (physical therapy being the better example, personally I was a medical massage therapist for some time among other medical geekery lol) takes months and months of practice under supervision before being able to do it consistently in an independent way. It takes a lot of nuance to develop the sort of x-ray-vision-imagination needed to look at a body and know exactly where the person’s significant anatomical landmarks are.
If we were to set up a study, even if we stipulated that we’re comparing within a group of people who all wear the same clothing sizes _and_ have the same body fat percentage over the same total amount of musculoskeletal mass, we’d still end up with many different relative positions of various joints even within such a carefully pared down group.
I just don’t think it’s realistically possible for a clothing item like this to be as universally applicable for form-training as it wants to be, though I love the notion in the abstract. It may yield some improvement in general compared to not using any sort of sensor feedback, but I doubt it’d be enough to justify the investment for most individuals. That said, this last part is certainly speculative and data could prove me wrong on the overall benefit for sure. I’m just confident from my studies and experience that the sheer scale of human divergence in musculoskeletal anatomy would prevent consistent sensor location without greater customizability and the involvement of a trained eye in determining placement on each individual.
@Jean I got an Elizabeth Holmes vibe from her. Especially when her voice lowered when she started her pitch to the sharks lol
“This is fun.” I would invest more than that 17 year old is asking just to get in… Kid’s got it.
yeah but I think the asking price also considers the publicity and experience that comes with the sharks
Morgan is just one amazing young man.
That double chuck drill is amazing. I wonder why I haven’t seen any in the stores. They should definitely be in Bunnings. You can buy it online through Amazon Australia though. It would make life a lot easier for a carpenter or a builder.
Its patented ahah, they wint let it sell unless its them!
And they had a patented product. Omg it showed the difference between generations. One makes donuts and thinks they worth more than one who pays 2.3 millions and has patented product.I would back the old people if I would have influence ober the rights major manufacturers.
How much wood could a woodchuck chuck if he had a double chucked drill?
@Fity Bux As he said in the video, the Worx drill requires 2 hands. He should just try to sell his patents to Worx for them to add the auto changing feature.
Thing actually sucks in practice, impact with a bit rack is the way
The On the Go deal ended up falling through but they’re now a multi million dollar company so they’re still super successful
@DingisMcGee Yeah, they did. But mostly because their entire clientelle were public sports events organisers. Which is kind of a bummer when most public sports events are banned globally for almost two years.
They’ve filed for bankruptcy, actually.
So yeah, nah.
@Filip Schneider i assume that pandemic really hit hard businesses today. What could be the projected valuation after this pandemic of OntheGO business?
50:43 Steve face when Janine was doing her complex yoga moves cracked me up! “Doesn’t that hurt?” 😂
When he said iron Man was his customer it took me a second to realize he was talking about the sports company
When he said iron Man was his customer it took me until reading this comment to realize he was talking about the sports company
I didn’t realize that company existed…
The first young man was a cute kid and actually very smart. I’m glad he didn’t let bullies stop him from his goals. God bless!
@Callum Thomas
I agree. This is how I have always felt. It’s like when someone needs an organ and someone else donates said organ, and the person receiving it, rather than thanking the donor, says,” thank you God.” Like… gimme my organ back lmao.
But it’s not really that deep, you know? I, too, overthink everything, so I get it. When I was in middle school I disliked having to reference God every day when we did that thing (it’s an American thing, for which we stand, one nation, under God). I also hated when people would say,” bless you.”
Overtime, I realized these are just things people say that don’t hold much meaning.
@Communist Shoplifting
Also, your first comment was why people were mad mostly. Saying that you hope someone fails is kinda rude. Even if I hate someone, I still wish them to better themselves.
Idk if you saw it but another comment said he failed or something, so you’re probably happy, lol.
@Communist Shoplifting
I disagree. I get what you’re saying, though. Nothing wrong with incompatibility. Don’t think you’d be friends? That’s all fine and well. I’ve had great people that just don’t work for me, personally. That doesn’t take away their greatness.
@Communist Shoplifting company collapsed, 6.2m owing, assets are being sold. This deal never passed due diligence and a later deal with Wesfarmers seems to have been mostly smoke + mirrors.
@Crypto Wizard for real? i just watched this guy and being in sales and sales training all my life my spidey senses went wild. he came across very inauthentic and as terrence said, arrogant. he didnt striked me personally as arrogant or full of himself but scammy.