They could’ve just given some bs answer like “we were desperate for the cash so we took a low valuation”, but instead they went with the only wrong answer of “we value them more than you”.
Exactly , so amateurish to be honest ... Or they could have spoke about each of the mentors at startmate , stated each and every network those mentors bring and said , they have a successful network of investors so each one brings something different , since there is 6 of those people it commands 6x the value (maybe not as harsh) but there abouts ... In all fairness startmates network is good so they could have focused on that in detail to state the differences in value proposed ... All us entrepreneurs find it difficult to challenge when clear numbers are presented ... It might not have got them the investment but atleast it wouldn't have looked as blatant .... Essentially what they did was wrong anyway so the best you can ask for is to get out not looking like a total con man .... 6 times the value only after a few weeks is a rort no matter how you look at it ...
I was sitting here thinking a good answer would've been...."they made an offer at that time of our business and we accepted, and if an offer is made here that sounds right for us we could accept as well, what do you think"
Exactly what came to my mind immediately. How could they not just say, "Their investment was at an earlier date and their investment allowed us to re-evaluate our evaluation of our business to what it is now that we're asking of you sharks." or something along those lines. Also, Shark Tank Aus is so cringe, the Sharks seem to be so far up their own asses 99% of the time it hurts to watch. Like how for some reason these Sharks think that shares never fluctuate in value. At the end of the video Janine says something about how can it be valued at X then weeks later be valued at 600% higher. Shits cringe.
Ya I thought that was so weird? How are YOU up their pitching with a guy that nearly owns half and the angel just One, owns like 15% alone, lol he is SHORT-changing himself!
Really upsets me that they only gave their tech cofounder 3%. That's insulting considering he actually built the fucking platform and they're just the idea guys
@Ego Master The other guys wouldn't be able to put anything in if he hadn't built it. Doesn't make sense from a business perspective either. You tend to get further diluted as you go so how is 3% suppose to keep him motivated now, let alone when he gets diluted to 0.3%?
@Ego Master They literally are gonna have to pay out the ass to replace him if he leaves. That's why the sharks made it a point to ask if the tech guy was still on board. You ever try to work with someone else's code? It can be a fucking nightmare sometimes. It takes time and engineers are expensive. You're view is why a lot of tech companies founded by non tech people go belly up. There's no respect for the work that goes into making the platform.
@Ego Master "Working with others code isn't that much of a nightmare"..Famous last words. This rarely applies to startups, even the most simplest ones a lot of times. It may be more difficult since it seems the app was built by 1 (possibly underpaid) guy with no peer developer reviews during the coding process.
@@ibendover4817 But the gaming industry has shown us how easy it is to just screw over your original team and replace them with cheaper ppl who don't know their way around the already existing code...😂
@Ego Master "It's a job'. No it isn't. It's entrepreneurship. A job is a 9-5 career with standard risk-less outcome. This is a life risk. It's a time and money (by sacrificing his time instead on something else) investment that he will have to live with for the rest of his life. 3% for someone that has built the business, for a software that may be worth $50k-$200k (that's how much software engineers are valued per year) is a huge middle finger to the tech partner's work and risk that he's put into. The whole startup is based on his work. The idea is utterly useless if the implementation sucks.
@trey blanton I can't speak for the american ones but here in europe the uploader does get revenue from uploading it, whilst its free for the people who download it... On my site you can also just give in what university you go to and you can see the uploads made for your specifik uni and even specific course.
@trey blanton Because in order to see other peoples notes you have to upload your own notes. I don’t remember quite well how it worked, but I believe that in order to see the notes for one class you had to upload something like notes for three classes, so you always have new notes being uploaded.
They know the value of (other people's) hard work, seriously they're essentially the middle men between the lazy student paying to cheat off the smart kid in class
At first I thought it was a great idea because I love to make notes, than I realised that if I want to learn a subject I wouldn't want to read something a student have produced, because students are obviously still learning, and I'd rather learn from materials produced by teachers and people with real experience in the subject, plus it's very easy to find content for free on the internet.
Do you think they would have a better chance at if they'd become some sort of competitor to sites like skillshare? As in, people that are part of the industry giving classes, notes and material for a price (basically only courses).
This would be additional to that. You would still have your textbooks and in-class learning and mentoring but notes can provide a valuable supplemental piece of information.
some teachers are kind of as*holes and someone that already took the course know what they want, thats the major advantage in my point of view. The majority of the university is learning to pass tests, not just knowledge of a discipline but also knowledge on what the teachers want. Where I studied we really depend on each other to understand things because a lot of teachers didnt explain us anything, even some of then didnt even teach, they just took tests every class of whatever they send us to study. It wasnt law school it was an engineering degree so wasnt easy study and learn everything by our selfs alone. Other students explanations are a real advantage.
$35 for notes? To think a college student has $20 for notes is a laugh. I’d email the teacher and say , hey I’m sick do you happen to have the PowerPoint for yesterday? OR ask a person the next day in class , friend or classmate. Bam free notes
@@Timthevapeman44 Taj on Draong's Den I find I can do without. He seems pretty bland. The same for me goes with Jenny. Deborah, I must admit I find to be a staple of the show. Her, Peter, Duncan in the old days... to me they really had their niche and their specialty. There is also something very camera-friendly about Deborah. In a show like this, there's a great value in a dragon willing to be more talkative. Personality and charm aside, there's nothing more dull than when a dragon says: "I like this, but it's not for me and I'm out." or just "I'm out." Now, it'll happen to everyone at some point, the sheer number of pitches they listen to and the editing, you won't get a novel from every dragon on every decision, but dragons (or sharks) who are willing to explain their decision more often than others will provide a little more value to the 'watcher'. I love hearing the 'explanation' from a dragon as they assess the situation and explain why they're making an offer they are, or why they're uninterested, the struggles they see down the line, and the reason they can't justify an investment. Whether it be: - Conflict of interest (dragon/shark is involved with a similar product in another company). - Numbers not adding up - De-motivating an Entrepreneur (when the amount of equity they'd have to ask for is just so high the entrepreneur would own a very small piece. The result of this is that the entrepreneur is likely to lose motivation for it, which they'd still have if they could make more of the upside etc). - Not being a natural fit (the dragon can invest the 'money' but isn't a 'natural' investor. Every dragon tends to specialize in something, or have their area of expertise, and a 'natural' fit comes when an entrepreneur needs help in an area a dragon is an expert in. Those are the ideal partnerships) - Market knowledge (When an investor can love the entrepreneur, but simply know 'so much' about the market that they just get this strong feeling the entrepreneur is not cut out for what's coming. There can be this feeling that based on how the industry works, they know what the entrepreneur would need to succeed, and they also know what they look for in those first few minutes of meeting the person. It's very possible they can get the impression this person is unprepared or unequipped for what they'd need to do to succeed. They also know what this person is up against and knows more about what this person will have to face than this person thinks they'll need to do. As such, they have to refuse getting involved because they don't want to step into a bad situation trying to 'save' it when they can enter a situation that is more likely to succeed or encounter less struggle, and they have a better chance of making a victory more 'complete' rather than turning an outright slaughter into a 'well we gave it our best!'.) All this to say, I think as viewers of the show, we really benefit from Dragons who are entertaining and inspiring, we have our favorites and they stick with us. We love certain dragons, and some will always irk us and get under our skin. Personality, engagement, whatever draws you to a dragon is really up to you. But as a general principle, I like when Dragons are willing to 'explain' their reasoning in more pitches than not. An example of a reasoning that leaves me dumbfounded can be represented in: "I love this. There's definitely a market for it, you're clearly very good, you know the industry, you've done a lot with a little, no debt, you're doing everything right and I wish you all the best. I also really see how I could help on this so I'm tempted. I really am. But I'm afraid on this one I'm going to be out." To me, there's not really much explanation there as to why the dragon wouldn't invest. If they felt they couldn't help, I could accept that. "You're doing everything great, and I'd be tempted to give you the money just to see what you do with it... I have no doubt I'd get a return, but that would just be me adding money without being what you 'really need' as a partner, so I'm going to be out on this one since other investors would be a much better fit for you." - I could totally get that. But to say everything is great and you could help, and you won't without saying what it is that has you deciding against it feels tougher on the viewer to get, when in a very next pitch your comment might be: "I like this. I'm going to make you an offer." All in all, Deborah is really known for being one of the more outspoken sharks and she does give the editors a lot to work with. Peter was the same, as was Duncan.
They could simply have said that being accepted in the accelerator program brought value to the business and growth opps and that their offer today could be negotiated
1) They should have said that at the time of their last investment, the valuation of their company was low because they were just beginning but now that they have customers and sales, their valuation is higher. That's how all companies start out. 2) The sharks should have attempted a counter of 300k for 20% if they thought the business model would provide them with the return they'd expect.
I was thinking the same myself. i've always liked Steve. He's quiet & assuming but he realy knows what he is talking about. Really happy that he handed their asses to them on a silver platter.
There's a different approach in entrepreneurship especially when concerning startups. There's (usually) the Hustler (CEO), the Hacker (CTO), and the Hipster (CMO/CDO).
At my university in Germany, students used to collectively share notes with each other via shared folders or wikis. Meanwhile in the USA, students are paying several hundreds of dollars for those types of notes? That’s wild if true
Maybe its just me but in my experience in college I had friends who also took notes and were more then willing to share and nobody was trying to get ahead of the other...
Nerd here. When are people going to understand that the very act of taking notes actually helps you remember stuff? Reading and deciphering other people's interpretation of the lecturer is going to take way longer than if they had actually gone to the class!
In the early 2000s I did work for a man who did this exact business in the US. After he made a million, professors found out and shut him down by claiming the class notes were their intellectual property. It worked, and his business was shut down.
I can't believe they did this. Even if it is IP, the site is just the facilitator, it's the IP owner selling it through the site !! Anything to prevent education from moving forward ...
There are lots of rules that make it to where the information shared in the classroom are reserved for the paying students." I agree with the intellectual property NOT being given out. It is actual information, and experience. No one should make easy money off someone else's work. There was a professor who had spent most of his adult life doing research and linking specific texts together in order to demonstrate how Literature piggy-backed off each other through the course of history. The difficulty to track down all the information, rare texts, multiple languages, the contextual originality and demonstrate that information in a coherent manner was impressive. Sorry, but I would consider it stealing if I had been in that man's shoes. Stealing my research and selling that information to another person WITHOUT MY permission is BS.
There are so many free equivalents online. I'm an Aerospace Engineering Master student and throughout my 4 years so far I've never typed out my notes. Pen and paper are so much more convenient.
A key part of memorization is processing the info and recording it in a way that you understand it best, so it can later be recalled from memory. There’s two reasons why I wouldn’t want someone else’s notes, right there. It’s no more helpful than cheating.
When Janine is smiling, it is either from the joy of the products she gets introduced to or the laugh of successful and intelligent businesswomen who foresees the future with a snap of her finger
The other investors very well may have been bringing that much more to the table, but you never tell arrogant people that you don't value them as much. Just a bad play. Should have anticipated that conversation and planned a better way to flesh it out.
It’s ALWAYS insulting when people come in and don’t let it be known, right off the bat they are FULL owners. ...but to then blatantly explain how another investor they have is clearly more valuable then a Shark to them... IT’S JUST INSANE !
When I heard their idea, I was like this is for me guys I will be rich I will sell my notes hahaha. I entered their website and guess what! only crappy notes are there.
@@taran6428 But what makes them purchasable ? u see students are cheating these days and have 0 integrity and stealing e-textbooks what make them not sell mine ?
@@taran6428 you wont sell any notes. You can get free help from many sites. Theres even discord servers specifically for teaching people for free, and theres servers for helping with homework for free
@@medotedo8410 Someone else will upload those same notes to Coursehero, or some other website, and now they'll be available for everyone, with no money going back to the creator. I agree, theres very little integrity.
The sharks are just too egotistical to acknowledge that an earlier investment with more risk is going to demand higher equity, not even to mention the vast opportunity provided by said investors that's not pure cash. Perhaps the sharks could match that value, but they mostly needed money rather than expecting the sharks to devote more than a couple of hours into this one of the many many investments.
The sharks are just too egotistical to acknowledge that an earlier investment with more risk is going to demand higher equity, not even to mention the vast opportunity provided by said investors that's not pure cash. Perhaps the sharks could match that value, but they mostly needed money rather than expecting the sharks to devote more than a couple of hours into this one of the many many investments.
You can absolutely value it at a different rate. 1. you may have under valued it in the first instance. 2. there is advantages to rounds of investment which includes greater percentages of the business for higher risk. In short, the sharks here were looking at previous valuations not future valuations and in a sense were trying to get yesterdays price. thats not how things work and they should know better. The young guys did seem under prepared on what they wanted and pitching but I am sure they will learn from the experience.
There was nothing wrong with that valuation as far as tech start-ups are concerned, once a big combinator picks up a stake in your company, the value automatically doubles or triples. Unfortunately these sharks are cheapos, so even these guys didn't expect an investment from them. Mark Cuban would have snatched this up in a jiffy. They even said they are going to US to get a few more rounds of investment, so most probably they just came onto the show for some publicity.
Oh man, people will be abusing that platform immediately. Using AI to scrape content from every course book sold, generate notes and uploading it to their platform.... and what tech can validate that any of these notes have any quality? Many people take notes, few take good notes that are written in a way for somebody else to interpret and consume.
I would never buy notes. If I have to read through someone else’s notes I don’t see how thats any easier than me having to read the textbook or watch a lecture as I’d have to do that anyway just to understand the notes.
Exactly what I was thinking the whole time. You could literally just youtube the topics. I used to do that all the time. It's like notes, but from an expert...
I think it provides a different perspective. I’ve gotten second hand text books and some have had sticky notes explaining what was already stated in the textbook in a more simpler way, less wordy. Some people learn from re worded or something worded multiple times (eg- needing a teacher to teach the material is a verbal version of this)
I can’t 😂 I struggle to differentiate the important info from the other. So I end up writing basically the whole textbook worth of notes that aren’t even all the most important info!
i mean most lectures are recorded online. and most people i know in my uni prefers to listen to the lecture recs instead of reading notes coz there might be mistakes, etc. and now we have to pay for unreliable student notes? and no one buys textbook anymore. Alumn of University of Auckland ,New Zealand here
1. If you attend a class X by professor Y all the questions in the exam will be based on the material of professor's Y presented in that course 2. So in ideal situation an end-user needs the exact notes, labeled notes on professor's Y course X. 3. Lectures are protected by the copyright so it would be professor's Y copyright infringement. If he had presented his ideas in a book published by a company, a publisher could come after you too. In case of notes from a unknown professor's course you could Google that for free more than 10 years ago so I think at the time of this show it was already available for free
Wow we actually had a web page just like that. It had everything, even previous test, not just notes. It is not necessary that kind of money to set it up but also nobody of the lazy students wanna pay for that. Everybody used our web, nobody gave us sh*t, we dump it 1 year and a half later and the people just bully us for the contents when it went down. We know the people thats studing in that uni now is still using our materials but only if it is free or if they can bully you into give them it for free. And yes, we were a bunch of nerds. Ah BTW teachers hated the page but they suspected of other people, never knew who we were.
Just go to the lectures and make your own notes; read some text books. Go to tutorials, revise, and target areas that are very likely to be in the finals. A system that works and saves you money on buying somebody else's notes, which might miss key points, or contain errors or outdated information. Just be a good student FFS!
I’ve never done that and my average mark is a distinction. I’ve learnt it’s a lot better to read notes that are extremely focused on what the student needs to know (my uni provides these, but I know most don’t) over and over again, than what it is to spend a lot of time reading the textbook, attending lectures etc. which have a lot more information, but much of it is not really that relevant. Even with a service like this, if the notes miss something or contain errors, that’s fine - just do your best. No student is expected to get 100% on tests / the exam and the fact that it will contain the vast majority of the information needed, will help most students a lot more than a thick textbook as it is just so much more focused on what the student must know for the subject.
Sharks really pressured them in a shady way. What if the company actually increased more than 6 times their sales since that point? They want to buy the small guys for small equities because that's "what's it's worth today", but when they have grown, they can't take the appreciation anymore? Don't understand how these two competent guys did not explain that their company objectively gained in value, or perhaps the editing is misleading and they cut it out. They should not be destabilized with these silly accusations if they actually have growth. Either they lie on their growth, either the show is deceptive in the final cut.
Vipstudent (formerly textbookexchange) already has notes as well as secondhand textbook. This isn’t new. I used textbook exchange back in 2007. There are competitors and it isn’t ‘blue ocean strategy’.
this is such a fantastic idea. i would have loved to put my notes online and help others and see how popular they would turn out to be. wlel thats nearly 20 years ago now
It is a good idea indeed, the young lads probably already know and if they don't they definitely did Not do their entrepreneur homework because there are already quite a few companies doing the exact same thing in the US and Europe; One of which was on Dragon's Den and got a deal with a few Dragons. Happy trails boys!
those two guys decided their equity split based on their height
"I can only reach about 12% of the shelves in our break room so..."
😂😂
Hahaha poor guy
Hahaha
Gold 🤣🤣🤣
Who clicked the vid thinking they were a haircut company and it showed before and after
💀☠️☠️💀😭😂🤣
I wish I could say I didn’t then “NEXUS NOTES” comes out and I’m like huh??? Lmao
Yes same!!!
I was intrigued and waiting for the haircuts the whole video
Thanks goodness I wasn’t the only one ha
They could’ve just given some bs answer like “we were desperate for the cash so we took a low valuation”, but instead they went with the only wrong answer of “we value them more than you”.
Exactly , so amateurish to be honest ... Or they could have spoke about each of the mentors at startmate , stated each and every network those mentors bring and said , they have a successful network of investors so each one brings something different , since there is 6 of those people it commands 6x the value (maybe not as harsh) but there abouts ... In all fairness startmates network is good so they could have focused on that in detail to state the differences in value proposed ... All us entrepreneurs find it difficult to challenge when clear numbers are presented ... It might not have got them the investment but atleast it wouldn't have looked as blatant .... Essentially what they did was wrong anyway so the best you can ask for is to get out not looking like a total con man .... 6 times the value only after a few weeks is a rort no matter how you look at it ...
Exactly my thought.
I was sitting here thinking a good answer would've been...."they made an offer at that time of our business and we accepted, and if an offer is made here that sounds right for us we could accept as well, what do you think"
Or that they weren’t as large of a company before
it sounded like "they're our bros, dude, we like them more than you, that's all."
should have just said the previous investor bought in at an earlier date with much higher risk...
Exactly what came to my mind immediately. How could they not just say, "Their investment was at an earlier date and their investment allowed us to re-evaluate our evaluation of our business to what it is now that we're asking of you sharks." or something along those lines.
Also, Shark Tank Aus is so cringe, the Sharks seem to be so far up their own asses 99% of the time it hurts to watch. Like how for some reason these Sharks think that shares never fluctuate in value. At the end of the video Janine says something about how can it be valued at X then weeks later be valued at 600% higher. Shits cringe.
@@tylerdavisson355
Also how scripted it is.
Every rejection starts with "I love what you guys are doing - it's impressive what you've done - etc etc"
Exactly. And they also provide office space for 3 months in Australia and 2 months in silicon valley in addition to the 50k. It not a 670k valuation.
@@MaksKCS Or Naomi usually says that she "will definitely be a customer BUT.....& for that reason, I'm out"
Exactly right, the way they put it was just so offensive. Just say it was early on and the valuation seemed fair at the time
Lmao they edited the short guy in the thumbnail to make him fit on screen
Lmao.
😂😂
🤣🤣🤣
Wtf 😂 Lol
Lolll
That’s funny! The guy in the left is about a foot taller then the guy on the right but the title card evens them out 😂
And the guy on the left has slept with over 50 women, while his shorter business partner on the right is still a virgin.
@@Mogamishu left guy also had his face smashed for being a docuhe.
4'9 vs 5'
Also the right guy endured a lot of humiliation,pain,rejection and insults which makes him stronger than the guy in the left.
But the guy on the right has a moustache which makes up for being a foot shorter.
There is soo many websites that provide a similar service at way less commission
It is a congested market, however this was filmed 5 years ago.
yes, this felt like something ive seen before, maybe in another Tank or a Den.
Can you name any??
@@ipllive8461 coursehero, quizlet and chegg are are some more.
@@JewTube001 Thanks ❤
The angels (investors) have more equity than the short guy
Right I thought that was hilarious lmao
Ya I thought that was so weird? How are YOU up their pitching with a guy that nearly owns half and the angel just One, owns like 15% alone, lol he is SHORT-changing himself!
it's because the angel investors are taller than the short guy. So they get more equity.
Really upsets me that they only gave their tech cofounder 3%. That's insulting considering he actually built the fucking platform and they're just the idea guys
@Ego Master The other guys wouldn't be able to put anything in if he hadn't built it. Doesn't make sense from a business perspective either. You tend to get further diluted as you go so how is 3% suppose to keep him motivated now, let alone when he gets diluted to 0.3%?
@Ego Master They literally are gonna have to pay out the ass to replace him if he leaves. That's why the sharks made it a point to ask if the tech guy was still on board. You ever try to work with someone else's code? It can be a fucking nightmare sometimes. It takes time and engineers are expensive. You're view is why a lot of tech companies founded by non tech people go belly up. There's no respect for the work that goes into making the platform.
@Ego Master "Working with others code isn't that much of a nightmare"..Famous last words.
This rarely applies to startups, even the most simplest ones a lot of times. It may be more difficult since it seems the app was built by 1 (possibly underpaid) guy with no peer developer reviews during the coding process.
@@ibendover4817 But the gaming industry has shown us how easy it is to just screw over your original team and replace them with cheaper ppl who don't know their way around the already existing code...😂
@Ego Master "It's a job'. No it isn't. It's entrepreneurship. A job is a 9-5 career with standard risk-less outcome.
This is a life risk. It's a time and money (by sacrificing his time instead on something else) investment that he will have to live with for the rest of his life. 3% for someone that has built the business, for a software that may be worth $50k-$200k (that's how much software engineers are valued per year) is a huge middle finger to the tech partner's work and risk that he's put into. The whole startup is based on his work. The idea is utterly useless if the implementation sucks.
We have this in America called course hero and quizlet for free
This was filmed like 5 years ago...
@@shakemiz and quizlet has been out for like 7 or 8 years lol.
They barely have anything on it though. I got through my master's with Chegg. They had almost everything on it.
@trey blanton I can't speak for the american ones but here in europe the uploader does get revenue from uploading it, whilst its free for the people who download it... On my site you can also just give in what university you go to and you can see the uploads made for your specifik uni and even specific course.
@trey blanton Because in order to see other peoples notes you have to upload your own notes. I don’t remember quite well how it worked, but I believe that in order to see the notes for one class you had to upload something like notes for three classes, so you always have new notes being uploaded.
They know the value of (other people's) hard work, seriously they're essentially the middle men between the lazy student paying to cheat off the smart kid in class
Most businesses are just middle men
I like the current method where they directly pay the smart kids for cheating
Not only that, they really screwed the guy who literally built their site
They're actually the Uber of education, if it works then well done.
@@shannoncango2974 I would even say all business are middle men. Even from raw materials they need machines to farm it.
At first I thought it was a great idea because I love to make notes, than I realised that if I want to learn a subject I wouldn't want to read something a student have produced, because students are obviously still learning, and I'd rather learn from materials produced by teachers and people with real experience in the subject, plus it's very easy to find content for free on the internet.
Do you think they would have a better chance at if they'd become some sort of competitor to sites like skillshare? As in, people that are part of the industry giving classes, notes and material for a price (basically only courses).
This would be additional to that. You would still have your textbooks and in-class learning and mentoring but notes can provide a valuable supplemental piece of information.
some teachers are kind of as*holes and someone that already took the course know what they want, thats the major advantage in my point of view.
The majority of the university is learning to pass tests, not just knowledge of a discipline but also knowledge on what the teachers want.
Where I studied we really depend on each other to understand things because a lot of teachers didnt explain us anything, even some of then didnt even teach, they just took tests every class of whatever they send us to study.
It wasnt law school it was an engineering degree so wasnt easy study and learn everything by our selfs alone.
Other students explanations are a real advantage.
@@mapachem4828 so basically u were paying for THE TESTS not the course to learn 🤣
@@hybridgamer4105 Yes, thats true, we didnt agree with the teachers that did that and werent happy eighter. But we couldnt do anything about it.
$35 for notes? To think a college student has $20 for notes is a laugh. I’d email the teacher and say , hey I’m sick do you happen to have the PowerPoint for yesterday? OR ask a person the next day in class , friend or classmate. Bam free notes
Seriously. In college i was digging through the sofas in the dorms to afford a bag of cheetos from the vending machine
Idk. Some college stuff are expensive like tuition fees, books can be really expensive.
So essentially the trust fund babies with money to burn can easily spend on these notes and get an edge in class
I have the same thoughts but it seems like they said $35 was for the entire class not a day.
Especially with covid now... all the presentations are recorded, all powerpoints are available online. It's all there for you.
Janine: I'm 2 years younger than Barbara from Shark Tank US, for that reason I'm out.
Lol
Does anyone realise that everytime a pitch goes wrong, Janine will smile 😃
Once you watch enough of these, you start to smile/cringe at the same time as Janine/Steve
says nothing about anything, different people react differently to various things. A smile has many meanings, i dont think she was cheering.
Steve is a gem, Janine i can definitely do without. Same with Deborah and Taj on Dragon's Den.
@@Timthevapeman44 Taj on Draong's Den I find I can do without. He seems pretty bland. The same for me goes with Jenny. Deborah, I must admit I find to be a staple of the show. Her, Peter, Duncan in the old days... to me they really had their niche and their specialty. There is also something very camera-friendly about Deborah. In a show like this, there's a great value in a dragon willing to be more talkative. Personality and charm aside, there's nothing more dull than when a dragon says: "I like this, but it's not for me and I'm out." or just "I'm out." Now, it'll happen to everyone at some point, the sheer number of pitches they listen to and the editing, you won't get a novel from every dragon on every decision, but dragons (or sharks) who are willing to explain their decision more often than others will provide a little more value to the 'watcher'. I love hearing the 'explanation' from a dragon as they assess the situation and explain why they're making an offer they are, or why they're uninterested, the struggles they see down the line, and the reason they can't justify an investment.
Whether it be:
- Conflict of interest (dragon/shark is involved with a similar product in another company).
- Numbers not adding up
- De-motivating an Entrepreneur (when the amount of equity they'd have to ask for is just so high the entrepreneur would own a very small piece. The result of this is that the entrepreneur is likely to lose motivation for it, which they'd still have if they could make more of the upside etc).
- Not being a natural fit (the dragon can invest the 'money' but isn't a 'natural' investor. Every dragon tends to specialize in something, or have their area of expertise, and a 'natural' fit comes when an entrepreneur needs help in an area a dragon is an expert in. Those are the ideal partnerships)
- Market knowledge (When an investor can love the entrepreneur, but simply know 'so much' about the market that they just get this strong feeling the entrepreneur is not cut out for what's coming. There can be this feeling that based on how the industry works, they know what the entrepreneur would need to succeed, and they also know what they look for in those first few minutes of meeting the person. It's very possible they can get the impression this person is unprepared or unequipped for what they'd need to do to succeed. They also know what this person is up against and knows more about what this person will have to face than this person thinks they'll need to do. As such, they have to refuse getting involved because they don't want to step into a bad situation trying to 'save' it when they can enter a situation that is more likely to succeed or encounter less struggle, and they have a better chance of making a victory more 'complete' rather than turning an outright slaughter into a 'well we gave it our best!'.)
All this to say, I think as viewers of the show, we really benefit from Dragons who are entertaining and inspiring, we have our favorites and they stick with us. We love certain dragons, and some will always irk us and get under our skin. Personality, engagement, whatever draws you to a dragon is really up to you. But as a general principle, I like when Dragons are willing to 'explain' their reasoning in more pitches than not. An example of a reasoning that leaves me dumbfounded can be represented in:
"I love this. There's definitely a market for it, you're clearly very good, you know the industry, you've done a lot with a little, no debt, you're doing everything right and I wish you all the best. I also really see how I could help on this so I'm tempted. I really am. But I'm afraid on this one I'm going to be out."
To me, there's not really much explanation there as to why the dragon wouldn't invest. If they felt they couldn't help, I could accept that. "You're doing everything great, and I'd be tempted to give you the money just to see what you do with it... I have no doubt I'd get a return, but that would just be me adding money without being what you 'really need' as a partner, so I'm going to be out on this one since other investors would be a much better fit for you." - I could totally get that. But to say everything is great and you could help, and you won't without saying what it is that has you deciding against it feels tougher on the viewer to get, when in a very next pitch your comment might be: "I like this. I'm going to make you an offer."
All in all, Deborah is really known for being one of the more outspoken sharks and she does give the editors a lot to work with. Peter was the same, as was Duncan.
It's quite predatory. She smiles when she smells blood in the water.
They could simply have said that being accepted in the accelerator program brought value to the business and growth opps and that their offer today could be negotiated
Plus the free workspace and silicon valley roadshow.
The problem is it can't be negotiated because they have to get 300k
1) They should have said that at the time of their last investment, the valuation of their company was low because they were just beginning but now that they have customers and sales, their valuation is higher. That's how all companies start out.
2) The sharks should have attempted a counter of 300k for 20% if they thought the business model would provide them with the return they'd expect.
1) there was only 4 weeks difference. Their sales didnt increased dramatically.
@@SidPilwas about to say this lmao
He said it himself they are hustlers
I was thinking the same myself. i've always liked Steve. He's quiet & assuming but he realy knows what he is talking about. Really happy that he handed their asses to them on a silver platter.
There's a different approach in entrepreneurship especially when concerning startups. There's (usually) the Hustler (CEO), the Hacker (CTO), and the Hipster (CMO/CDO).
@@jcobbs4523 usually the CTO is better respected in a typical startup than in this ridiculous company
I LIVE FOR THESE SHARK TANK AUS UPLOADS!!! KEEP THEM COMING
Hahahaa
I don’t know anything about businesses but I’m addicted to shark tank😅
I was just wondering if you’ve learned anything about business yet?
@@wizcorn9958 not really but it’s interesting to watch, im sure if u have a good business brain u can learn a lot
@@wizcorn9958 not really but it’s interesting to watch, I’m sure if u have a business brain u can learn a lot
just get notes off your mates or do what you went to uni for....actually study and do your own notes lol
At my university in Germany, students used to collectively share notes with each other via shared folders or wikis. Meanwhile in the USA, students are paying several hundreds of dollars for those types of notes? That’s wild if true
I guess the closest thing to paying for notes we have is Chegg, but it’s not that expensive.
These fools out here trying to rip off the Sharks!! And that nexus logo looks very similar to Googles old Nexus Tablet design.
Just wait until LexisNexis sue them for passing off.
Maybe its just me but in my experience in college I had friends who also took notes and were more then willing to share and nobody was trying to get ahead of the other...
What else was expected from a self proclaimed hustler?
Nerd here. When are people going to understand that the very act of taking notes actually helps you remember stuff? Reading and deciphering other people's interpretation of the lecturer is going to take way longer than if they had actually gone to the class!
Youre talking about actually learning. This is for cramming before a test.
You don’t need to be a nerd to know that, just have common sense
Nerd 🤓
Excellent point…so true!!
In the early 2000s I did work for a man who did this exact business in the US. After he made a million, professors found out and shut him down by claiming the class notes were their intellectual property.
It worked, and his business was shut down.
I can't believe they did this. Even if it is IP, the site is just the facilitator, it's the IP owner selling it through the site !! Anything to prevent education from moving forward ...
There are lots of rules that make it to where the information shared in the classroom are reserved for the paying students." I agree with the intellectual property NOT being given out. It is actual information, and experience. No one should make easy money off someone else's work.
There was a professor who had spent most of his adult life doing research and linking specific texts together in order to demonstrate how Literature piggy-backed off each other through the course of history. The difficulty to track down all the information, rare texts, multiple languages, the contextual originality and demonstrate that information in a coherent manner was impressive.
Sorry, but I would consider it stealing if I had been in that man's shoes. Stealing my research and selling that information to another person WITHOUT MY permission is BS.
There are so many free equivalents online. I'm an Aerospace Engineering Master student and throughout my 4 years so far I've never typed out my notes. Pen and paper are so much more convenient.
i am never flying on a plane you designed with your 10 year old BIC on a little hello kitty notebook, mate.
@@doyourownresearch7297 That's alright, I now design interplanetary satellites for NASA ;). Cheers to you, mate.
A key part of memorization is processing the info and recording it in a way that you understand it best, so it can later be recalled from memory. There’s two reasons why I wouldn’t want someone else’s notes, right there. It’s no more helpful than cheating.
This guy looks like he could be Henry Cavill's little brother.
If you bought him off a Walmart shelf lol
No offense to him, because he’s very cute, he just doesn’t really look *that* close to him hahha
The shorter guy looks like Danielle Radcliffe's older brother
When Janine is smiling, it is either from the joy of the products she gets introduced to or the laugh of successful and intelligent businesswomen who foresees the future with a snap of her finger
I could just go sit in college classes taking notes wherever the demand is high.
The other investors very well may have been bringing that much more to the table, but you never tell arrogant people that you don't value them as much. Just a bad play. Should have anticipated that conversation and planned a better way to flesh it out.
It’s ALWAYS insulting when people come in and don’t let it be known, right off the bat they are FULL owners.
...but to then blatantly explain how another investor they have is clearly more valuable then a Shark to them... IT’S JUST INSANE !
I feel like I’m the only one who goes to the App Store and looks for these products and never find them
I dont think they came for an investment just for promotion.
they come hand in hand, otherwise they can't really make any money.
The way ol girl was lookin at him at 0:33 😂😂😂😂
Whoever keeps those tanks clean in the hallway deserves an award. Never any algae.
It would be pretty cool but highly unpractical to use real sharkies
@@itallcollapses4857 Are they robots? Super realistic.
Those are digital screens. I’ve read that no great white shark has ever survived captivity. That’s why you never see them at aquariums.
@@Hmm-pn2xx Then explain the sharks with lasers in the Austin Powers movie or Jaws? Not only were they captive but trained as well.
@@ryansproviero you’re a funny dude, huh?
The “we’re hustlers” comment didn’t sit well. That opened the sharks eyes and ears.
“So it’s your valuation” partner just smiles at him like hey that’s pretty good
Naomi just loves when there is an easy out, doesnt she.
They could've just said that they were a smaller company back then with a lower valuation.
When I heard their idea, I was like this is for me guys I will be rich I will sell my notes hahaha.
I entered their website and guess what! only crappy notes are there.
So, good for you right? Means you’ll sell more notes if yours are so much better.
@@taran6428 But what makes them purchasable ? u see students are cheating these days and have 0 integrity and stealing e-textbooks what make them not sell mine ?
@@taran6428 you wont sell any notes. You can get free help from many sites. Theres even discord servers specifically for teaching people for free, and theres servers for helping with homework for free
@@medotedo8410 Someone else will upload those same notes to Coursehero, or some other website, and now they'll be available for everyone, with no money going back to the creator. I agree, theres very little integrity.
@@BanditLeader great to know can you provide me with some servers regrading mathematics and chemistry or engineering ?
"Accept now or I'm out in 10 seconds."
Wouldn't even consider it. Would tell him he's out.
Bro you'd never make it on the American version of shark tank lmao
@@ArenaTeams2024 Well that's because on the American version they don't always mean it. Just trying to pressure you in a bad deal.
I have nothing to add other than guy on the left looks like australian Clark Kent
That dude has some godly genetics
He’s like a male She Ra😭
Yeah, the mustache is the icing on the cake
The founder seemed genuinely confused why the sharks were pissed. He's not as savvy as he thinks
The sharks are just too egotistical to acknowledge that an earlier investment with more risk is going to demand higher equity, not even to mention the vast opportunity provided by said investors that's not pure cash. Perhaps the sharks could match that value, but they mostly needed money rather than expecting the sharks to devote more than a couple of hours into this one of the many many investments.
The sharks are just too egotistical to acknowledge that an earlier investment with more risk is going to demand higher equity, not even to mention the vast opportunity provided by said investors that's not pure cash. Perhaps the sharks could match that value, but they mostly needed money rather than expecting the sharks to devote more than a couple of hours into this one of the many many investments.
Why does the small guy look like he’s created a disguise for the show
He did
It’s surely the stash
You can absolutely value it at a different rate. 1. you may have under valued it in the first instance. 2. there is advantages to rounds of investment which includes greater percentages of the business for higher risk. In short, the sharks here were looking at previous valuations not future valuations and in a sense were trying to get yesterdays price. thats not how things work and they should know better. The young guys did seem under prepared on what they wanted and pitching but I am sure they will learn from the experience.
The guys did't even know their captable. Guess who needs some notes...
You
Capital
@@darkhorse888 Cap Table. It's a business term
😂
They probably lied about the numbers...
You can always ask a classmate for their notes they usually don't care
Shark tank Australia definitely seems like the step child of shark tank US
There was nothing wrong with that valuation as far as tech start-ups are concerned, once a big combinator picks up a stake in your company, the value automatically doubles or triples. Unfortunately these sharks are cheapos, so even these guys didn't expect an investment from them. Mark Cuban would have snatched this up in a jiffy. They even said they are going to US to get a few more rounds of investment, so most probably they just came onto the show for some publicity.
Is Andrew the commentator of the show 😄 he always recaps 😆 i love him
Yes basically. Just like Kevin is kind of the moderator of shark tank US. He always recaps and tries to nudge people towards making a decision.
The short one mouthing $hit was pure gold
How is their company different from quizlet beyond quizlet is free
Quizlet isn’t free though. For my uni course I had to buy a quizlet membership in order to access the good stuff. :(
Oh man, people will be abusing that platform immediately. Using AI to scrape content from every course book sold, generate notes and uploading it to their platform.... and what tech can validate that any of these notes have any quality? Many people take notes, few take good notes that are written in a way for somebody else to interpret and consume.
8:32 *thinking* duuuuude can you do that math that quickly in your head* *no mate no Effin’ clue*
I would never buy notes. If I have to read through someone else’s notes I don’t see how thats any easier than me having to read the textbook or watch a lecture as I’d have to do that anyway just to understand the notes.
Exactly what I was thinking the whole time. You could literally just youtube the topics. I used to do that all the time. It's like notes, but from an expert...
I think it provides a different perspective. I’ve gotten second hand text books and some have had sticky notes explaining what was already stated in the textbook in a more simpler way, less wordy. Some people learn from re worded or something worded multiple times (eg- needing a teacher to teach the material is a verbal version of this)
this IS the best thing on youtube.
Got Dexter selling class notes here
What better way to learn?
Go to class, pay attention, and take your own notes!
I can’t 😂 I struggle to differentiate the important info from the other. So I end up writing basically the whole textbook worth of notes that aren’t even all the most important info!
i mean most lectures are recorded online. and most people i know in my uni prefers to listen to the lecture recs instead of reading notes coz there might be mistakes, etc.
and now we have to pay for unreliable student notes? and no one buys textbook anymore. Alumn of University of Auckland ,New Zealand here
1. If you attend a class X by professor Y all the questions in the exam will be based on the material of professor's Y presented in that course
2. So in ideal situation an end-user needs the exact notes, labeled notes on professor's Y course X.
3. Lectures are protected by the copyright so it would be professor's Y copyright infringement. If he had presented his ideas in a book published by a company, a publisher could come after you too.
In case of notes from a unknown professor's course you could Google that for free more than 10 years ago so I think at the time of this show it was already available for free
Steve pulling out the Lamy 2000, love it.
"Today just wasn't our day". So he still doesn't get it.
Wow we actually had a web page just like that.
It had everything, even previous test, not just notes.
It is not necessary that kind of money to set it up but also nobody of the lazy students wanna pay for that.
Everybody used our web, nobody gave us sh*t, we dump it 1 year and a half later and the people just bully us for the contents when it went down.
We know the people thats studing in that uni now is still using our materials but only if it is free or if they can bully you into give them it for free.
And yes, we were a bunch of nerds.
Ah BTW teachers hated the page but they suspected of other people, never knew who we were.
Just go to the lectures and make your own notes; read some text books. Go to tutorials, revise, and target areas that are very likely to be in the finals. A system that works and saves you money on buying somebody else's notes, which might miss key points, or contain errors or outdated information. Just be a good student FFS!
Well thats the point its made for people who miss a lecture but are about to go take a test so they need the notes
I’ve never done that and my average mark is a distinction. I’ve learnt it’s a lot better to read notes that are extremely focused on what the student needs to know (my uni provides these, but I know most don’t) over and over again, than what it is to spend a lot of time reading the textbook, attending lectures etc. which have a lot more information, but much of it is not really that relevant.
Even with a service like this, if the notes miss something or contain errors, that’s fine - just do your best. No student is expected to get 100% on tests / the exam and the fact that it will contain the vast majority of the information needed, will help most students a lot more than a thick textbook as it is just so much more focused on what the student must know for the subject.
The photoshop editor had some fun in the thumbnail didn’t he
For some reason I always confused John and Glenn
These two are what people think the difference between 6'0" and 5'11" is.
That same dude always gives valuations but when it's not something simple he can never do the math.
and as a HARVARD GRADUATE, YOU NEVER TRUST ANOTHER PERSONS NOTES!!!!!! One wrong word or one misunderstood cliff can cause you to fail
Left guy looks like entrepreneur Tom Brady 😭😭
guy on the right looks like he just grew his first moustache
All they had to say was they have less of the company to give out now which increases the price per share! Bam!! Easy and understandable response
Lmao that doesn't even make sense. The company isn't worth more of you have less of it.
Sharks really pressured them in a shady way. What if the company actually increased more than 6 times their sales since that point?
They want to buy the small guys for small equities because that's "what's it's worth today", but when they have grown, they can't take the appreciation anymore?
Don't understand how these two competent guys did not explain that their company objectively gained in value, or perhaps the editing is misleading and they cut it out. They should not be destabilized with these silly accusations if they actually have growth. Either they lie on their growth, either the show is deceptive in the final cut.
Lol. Got my 4 year degree in 2013 in Comp Sci and Bus Admin, never typed a single note.
They were really happy to get on TV to get exposure!!! 😉
at 7:00 the dudes partner says "shit" 😂
Damn. Dexter has changed career.
Lol, I see it
Those two guys had no idea what the sharks were talking about.. they don't get the math.. hahaha
The whole site design and looks like ripoff
Two fellas are not rude, Sharks are rude.. Honestly..
What they bring to the table 😂
Chips Are Big Gei
The headline confuses me
i looked away and looked back and thought the guy on the right was sitting down
The title made me think there was an actual haircut involved… 😅
Early bird gets the worm, if you come in late you come in at a higher valuation
Vipstudent (formerly textbookexchange) already has notes as well as secondhand textbook. This isn’t new. I used textbook exchange back in 2007. There are competitors and it isn’t ‘blue ocean strategy’.
The whole point of taking notes is to help memorize the subject. haha
Their mindset being, "money doesn't mean as much to the sharks because they're so rich" ya no
this is such a fantastic idea. i would have loved to put my notes online and help others and see how popular they would turn out to be. wlel thats nearly 20 years ago now
It is a good idea indeed, the young lads probably already know and if they don't they definitely did Not do their entrepreneur homework because there are already quite a few companies doing the exact same thing in the US and Europe; One of which was on Dragon's Den and got a deal with a few Dragons. Happy trails boys!
8:50 explains the title. Your welcome
Wow. It's absolutely amazing how much students are paying for education and the lengths they are going to.
That Richard guy was 10000% an intruder on Big Brother Australia I stg
On the thumbnail, i thought the guy on the right was on a wheelchair lol
I mean back in Uni, students all passed down note repos from 10 years back for free. So no idea why anyone would pay.
Trying to make $ by not going to school. Party and buy your way through. Professors do change and update classes. Cliff notes