"I've Seen Some Worse Ideas... But Not Many" | Shark Tank AUS 

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I want 2.5 million dollars but I can't figure out PowerPoint or pay someone to do it for me.

Lmao. “Oh did I not say I was out? I’m out. Thanks for coming.”

The moment he said '2.5 Million', I already knew judges were out.

Wow, this is the first time I've seen the AUS sharks actually that harsh. That makes me imagine how he would be treated in the us/uk...

"What I really liked about the pitch is that your from Queensland... I'm out." Man's really got burned.

ah yes a software entrepreneur who cant use powerpoint with $0 in the market. Seems like a good idea NOT

This guy didnt come for an investment, he came for publicity. It's rare for any Shark to invest a million dollars in any company

Am the only one who is hearing "Prpoerty rental scam" at the beginning when the presenter is introducing him?

In the US, any apartment or condo complex will run a credit check before renting to anyone. Granted, the potential renter could have excellent credit but could also be a terrible tenant (noisy, etc.), but it's still easy enough for the rental agent to check on the potentials in advance before signing the lease agreement.

7:21 - that drunken stagger tho. They found him a few hours later, snoring in a storage cupboard

This guy is in the wrong shark tank. And for that reason, Australia is out.

Him: I want $2.5 million Sharks: oh we’re out

Steve: "I'll give you something else to respond to..."

think he was looking for the drunk tank

He had a few whiskies before the presentation and is slurring his words.

7:17 "Enjoy your trip back up the range" - That's savage. If you know Toowoomba, you know what he's on about.

Bro the presenter said “property rental scam” at the start !!!

I want 2,5 M for 40 percent. But 40 percent of zero is zero.

I finally agree with the sharks 🙄

Naomi's dramatic reactions were priceless

What a blatant thief. Where do they find these people? Come on Australia you gave us Steve Irwin. You're better then this crap.

Seems like his model is backwards, in that he is marketing to the wrong side of the table in the rental market. He is charging consumers a monthly subscription fee of $16 for them to gain what is essentially premier status as tenants, along with ancillary shopping discounts, etc. Say I join, cough up the money, find a rent house, and sign a year lease. Why do I need to keep the subscription? I'd have to spend $320 each and every month just for the 5% discount to pay for itself. That's not enough incentive to keep it active. What he needs to do is retool the model. Have people shopping for a property pay a one-time fee to gain premier status (have background/credit check) and they are put in a database. Keep the shopping discounts for six months just as added benefits. They also gain access to properties that are exclusive to members. Then, market that database to property owners on a subscription basis. They pay to gain access to a desired tenant list. Each side pays a fee to gain access to the table.

He was totally deluded. Just this one pitch I would have forgiven Jenny for saying I'm Out !!

I guess this guy’s never heard of a landlord just asking for the number of your previous landlord for a reference. A solution in search of a problem

The best part of the pitch was that he came from Toowoomba...wow.

I think the concept is good, having a history would help landlords decide on tenants much easier. Doing background checks is a pain I imagine and using courts to chase problem tenants is alot of hassle. The concept is feasible tho I don't like how it's monetized. Actually I'm not 100% sure I understand how it works 😅 tenants and landlords pay monthly to either post or have access to tenant resumes? Might be better if an estate agent paid monthly to have access and landlords/tenants updated or accesses the documents as needed through them. It's more reliable if a business pays in, atleast that way you won't have to worry about subscriptions being cancelled every month as the landlord has found a long term tenant. The major flaw in this is that anyone could use the concept, you can patent software but anyone could make something similar.

In the U.S. there are three ways that rental tennants get accepted, three systems: 1. Name Racism - landlords look at names, email addresses, and judge them based on their prejudices 2. In Person Racism - landlords look at tenants in person and judge them based on their prejudics 3. Credit Report - landlards make potential tennants pay for their own credit checks plus a bit of profit, and judge them based on their geneological socioeconomical background, if they come from money, great tenant, if they are working class, bad tenant. 4. nothing else matters in the U.S.

"You come from Queensland. I'm out." What?! LMAO.

His whole business ain’t even worth 6.25 million let alone the US expansion of it that has made zero revenue

I love how they totally cut him off at the end with the editing omfg xD

Naomi was pretty brutal, Steve straight murdered him

This bloke gives inspiration to homeless people that they can become astronauts hahahha

Do Australians not have a credit score system similar to the US? Typically, rental collections and evictions will show up on a credit report. Now there are companies that specialize in rental collections and having a collection/eviction on your credit score can prevent you from getting other housing. I don’t understand his business model 🤷🏾‍♂️

Lol I'm a tenant. There's nothing I hate more than being gouged for fees on services that don't need to exist.

theres millions of discount cards and cashback cards everywhere. 5% at KOHLS is nothing groundbreaking. that said the service itself... as an everyday American I submit a rental application maybe once every 5 years? I can't imagine paying for this more than 1 week if it added any value. Also most property rentals have their own applications and don't require a resume. I just don't understand the need.

It wasn't a PowerPoint, you can see when he walks away there was only one slide on que

Dude's walking in like he's making the final trip on Death Row

Sharks: "You're an asshole" Entrepreneur: "Yeah"

He was funny. "G'day, can I have 2.5 mill?" "What for?" "Err, dunno...an idea?" If you are going to blag, why not try to blag a fortune? He looked like he had just wandered off the street into the studio!😁

He’s definitely not ‘onto something great’...rather ON something ! Guy is a joke.

*Most important question here:* Where abouts is he from?

Steve enjoy your trip back up the range. PMSL 😂😂

6:33 I don't get what Queensland has to do with this, what's up with Thornborough?

They would be investing in air.

This show is pure gold

"What you're saying is ludicrous" "Um-Hmm" *THINKS TO HIMSELF* - "BE QUIET CHECKOUT CHICK" This guy is actually nuts 😂🤦🏻‍♂️😂

If doctors are having to use this appication, then I wouldn't be going to that doctor.

Palpatine: origin story

I wish everyone would just add where they are from in their pitch so this guy stops asking EVERYONE

Do they not rely on the credit scores in the US for renting?

I don't understand what individuals would purchase this, if you have money the renter will rent to you, if you dont have plenty of money and do get behind on bills your subscription is a constant reminder that you made mistakes. The only way he has sold any cards is because of the discount thing.

2.5 million....look at each other....you are on wrong show mate....we do not have that type of money....we usually invest 20 to 40k projects mate

The man doesn't realise they were all out 😂😂

I think naomi towards the end, really made everything quite clear and see through.

Andrew already said he was out the first. He said he could pay someone 500k to make it.

I've been renting my current place for 7 years and have no plans to move. You're gonna tell me I'll have paid well upwards of $1000 on top of that for some store discounts?

I thought she said "property management SCAM" not scheme in the first 5 seconds haha

Surely it's better to call it a discount card and remodel the business, 16 dollars a month for 5% discount in several store's and theoretically you can do it all through an app no physical membership card needed.

Free commercial. Well played

So you are meant to pay expensive subscription just to improve your chance to rent an house?

These are the best (worst) ones. Crazy $ value with 0 market penetration. Ok mate. I swear some of these people don't think about the deal they're offering. It's like going up to a homeless guy and expecting him to give you his shoes and blanket in return for your handful of bottle caps.

john mcgrath has the best negotiating face lmfao

Is Kmart still in Australia??

Why does he think that some "Card" will give his customers a better priority for renting? "Hi i have a weekly subscription to this company you've never heard of can i get a better deal on renting this house" Perhaps my netflix subscription will help me get priority on the next house i rent.

This show is interesting and fun,when you get someone who just had a dream last night about being on TV!haha!

Cannot find anything to do with rent resume online...

6:25 Savage Steve

Are they all out yet?

What's next!? Magic onions that cure venereal warts!?

Good luck trying to take on Zillow rentals

I forgot he was out too. I forgot he mentioned the 50 thousand dollars thing

What are these business owners thinking? Absolutely unbelievable to ask for that much money for a business that's not even started. Nothing makes sense and I dont trust that guy either. Something wasnt right.

"Enjoy ya trip back up the range" as if it's a 5hr long journey

I'm not a native english speaker, can anyone please tell me what Steve said at 7:17 "[...] up the range"?

"I'm just not set up for that" oh my God!!!!!

How do you even get on shark tank.

Anybody have any updates on the success of this guy?

Well I think the sharks encountered a barracuda on this one XD

Honestly at this point this is like the Idol auditions, just on TV because it's outrageous, no producer of this show expected this guy to get a deal, they put him on because the audience would get worked up. we're just puppetted by the producers getting this idiot in front of them

I have not seen a worse idea on this programme but then again I have not seen all that many!

That guy is a conman, this was an insane episode.

Aussies are very proud of their country (in a good way) :) I think he's saying that he's gonna leave Aussie out of it and say it's not a big enough market (irrelevantly if it's true or not), that way, for me, might be quite offensive? (This is my opinion based on my experience living in Aussie for 8 years)

Goldfish tank Australia is more accurate

Does anybody else get really inspired when you realise how stupid some people are and are making money running businesses and are on shark tank. Maybe I have a chance..... 🧐

6:31 Steve 😂😂🤣

6:38 Thanks 🥴

I learned a new word today: Indershtreee

2000 users I don't think they have 2000 CV's on there, I think there's 200 CV's, and 1,800 people using a discount card

Every time he spoke he raised an extra 100 red flags. As if woolies or coles agreed to that

And he blamed the sharks for‘being out of touch’

This was so funny. Like it kept progressively getting worse and worse and worse haha

-What you said is Ludacris -him: hum mmm 😂🙈💁‍♀️

It would be a good app if the landlord was insured against all losses from the renter using this service. What's to stop a dead beat tenant from signing up and screwing the landlord once they get in? NOTHING, I can see.

That was a horrible proposal. He basically just said give me $2.5 million for 40% of a company with no revenue or assets. What sort of investor would agree to that deal? They could just use their $2.5 million to start their own company and do the same thing, except in that case they would own 100% of it.

That's funny he never said he was out tell the end but if you play poker you can tell when he is cause he always puts his note book down when he has no interest in an idea. The smart thing is hes not quick to say hes out cause he might want to jump back in at some point. Very wise to not speak to quick when making big choices. Dont ever play poker though your to predictable and for sure will have an tell somewhere, all said with much respect.

The guy can barely string together a sentence 🤣

Can we please not add another barrier to entry for housing.

🤣🤣🤣 @ Andrews last remark. The bloke looking for investment.... Also 🤣🤣🤣🤣🤣

See the Australian sharks slamming is much more impactful since they are usally not that unmoody and it becomes more scary than the us who just appear like a buncho crows and not as impactful