Fergus Creese is keen on convincing the Sharks that his app idea is a world first. Mr. Creese is seeking an investment of $300,000 in return for a 25% equity stake in his company, valuing his business at $1.2 million. ‘Find My Future’ connects high school students to career advice based on answering in-app questionnaires but Steve gives him a lesson in Lean Startups…
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Fire your sound engineer please
This episode taught me alone
Bro, people won't pay for this. However, I'll help you improvise. Give this service for free and build a student database. Then use courses to monetize and categorize the data and sell it to companies.
He’s lying. 200,000 to build an app is simply not true
I can build an app like that for less than 200$
I hope his dad got his cows back
Dude really should have atleast ironed his clothes before pitching a 1.2m business that doesn't exist.
which company did naomi say at beginning?
They love smiling
Thought his last name was Cheese 🧀 at first glance
There is literally next to zero clients who would buy this. In the schools where I live, they have counselors specifically for job prospects for students and you can be sure the school is not about to just let them go because that would be against their union deals to do so by replacing them with an app. That's also not considering students are the worst clientele for this sort of app if we are to assume schools are out of the picture. They have no money for it and most can find the information online anyway.
most careers last approx 7 years only
Hrm. I suspect the 200k actually is an accurate number, but he asked for the wrong thing. If he went to a software development company and asked for a full production ready setup that included backend, student-app, administator-app, and a workflow for the experts who build the question systems, plus add in house testing, I could easily see that hitting 200k or more. So probably not knowing what he needs as opposed to someone ripping him off.
A prototype of an app copied from existing ones but done poorer, in terms of user interface, starting from color schemes, layouts, functionality 😂
this guy is now successful and used the program with my school last week. haters proved wrong
Actually that comment gags me 5 really powerful people. No your 5 people of many many with money.
The cowardly entrance expectedly blush because stomach maternally thaw into a silent toilet. unequaled, mysterious clipper
Steve talks the most yet hes the most broke one there
His name sounds like a skyrim npc lmao
At least these guys smile unlike the dragons on dragons den xD
Aussie Mark Cuban, Kevin O'leary, etc…funny stuff
aus shark tank full of bs
The moment they claim that they are the "World's first" or "World's best" – you know they are most likely going to flunk