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

Darren Smith was impressing the Sharks, until he forgot to mention which continent he'll be opperating on!
Company Website: www.rent.com.au/resume
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: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #SteveBaxter #Insulting

[@SharkTankAustralia]

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[@acewins06]

Na

[@4U5513alldaWAY]

And for that reason, I'm out.

[@HiHi-ek1dd]

Hi

[@ihizz87]

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

[@telestic2645]

@The V0iD dumbass

[@estrellajuanadimas891]

Right... n he seems really confused or ignorant of his own product .

[@maryfiaola3686]

lol

[@invertedname3099]

To be fair....making a Craigslist ad to get someone takes time

[@MrFlutsh]

@@invertedname3099 and you have to understand how to use this "internet" thing

[@TheProphegy]

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

[@Akh608]

That was brilliant!!!

[@CeeTee469]

🤣🤣

[@mitoliso]

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

[@gagan77100]

They investors not judges.

[@MrJamberee]

It’s a goofy business. More like a shopping discount membership. Renters have to pay... this is nuts.

[@rktmtkljelrdkbn1852]

@Dougie at least they are much better position then u

[@TyrziR6S]

fr lol only the american sharks make investments that big seems like the aussie’s just don’t wanna take a chance and i feel like they make offers that are just insulting like they really try to screw the businesses lol

[@rosco3]

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...

[@fionabirhane5066]

iky i felt soo sorry for the guy

[@vKross]

man, you should see how they treated the woman that makes a 400k rev and is a actress, only working part time, I have NEVER seen them that mean, and it was such a disgusting way, it was worse than the US one to me.

[@CEEEEEEEEENA]

Word 😂😂

[@mike_majora]

Ikr? Just before I watched this, I was thinking "Wow, the AUS sharks are waaaay nicer than the ones in the US" 😂

[@ella-bella1125]

Kevin would destroy him

[@toddkobelljr.2004]

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

[@pocketman5510]

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

[@pauljones4763]

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

[@Tyshkevich]

Happens all the time in the US version. Mark I think one time offered 30 million for a dating app LOL.

[@mayaparamita2254]

He wont get as much/ maybe have some of his existing customers left because of the way he said he's gonna leave Aussie market& that he's gonna accept doctor more and leave out truck drivers. Aussie ppl are generally very respectful.

[@Kugelschrei]

Any VC does that on a monthly basis

[@Showmetheevidence-]

They would... if it made sense. This clown is miles off anything being a real business.

[@Locutus]

Dany, Mark didn't offer $30m. He asked if someone offered $30m would they take it. He was speaking hypothetically. I think it was Coffee Meets Bagel.

[@AweShadySome]

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

[@carpii]

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

[@rico851]

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

[@JayStayLoaaded909]

*Property rental scheme

[@aadamtx]

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.

[@revampedyt]

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

[@MrJamberee]

He needs to be tossed into a real shark tank. He’s a clown.

[@jeffreychapple5705]

I doubt it would even work here in America, so we are out too.

[@Zishe_Singer]

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

[@thebastardgift]

They would be investing in air.

[@FightEvilcom]

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

[@TheBoundBowman]

It's very steep, right?

[@deren48]

think he was looking for the drunk tank

[@offclan2141]

I finally agree with the sharks 🙄

[@sesu5604]

I'm sure your opinion matters to them 🤣

[@powelladventures4069]

If you find yourself consistently disagreeing with this collection of highly successful group...you may need to re-evaluate your perspective, if you are interested in financial success of course.

[@CrustedPork]

@@powelladventures4069 I would agree if this wasn't television. Things here aren't what I would call very true to real life and some of the people showing up are literally there just to bolster the shows numbers. People seem to always think it's publicity for the people pitching but forget that this is TV, the weirder, more harsh, idiotic things that show up help the network probably a lot more. Not to mention that a lot of times they just throw offers out to literally cut peoples balls and be bottom feeders because they "offer so much" yet most companies invested in by sharks fail. Odd how that happens. I would say disagreeing with highly successful people isn't always the smartest idea but it depends in what context you are viewing those people in.

[@powelladventures4069]

@@CrustedPork that's fair

[@badger5079]

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

[@evahavili1022]

badger5079 he’s just speaking Australian

[@paudelamarianaoancea3761]

true

[@markusdammasch9108]

He also had a few whiskies in the planning stage of his shark tank pitch...

[@SleeplessSwan7]

Naomi's dramatic reactions were priceless

[@CalopsitaVanderbilt1911]

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

[@stephaniewhite9526]

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

[@psychachu]

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

[@jhowell0387]

Yeah. I'd love if someone could explain that one. I laughed when he said it haha

[@russoswerve7856]

Steve Baxter is from Toowoomba and he doesn’t really like country people or people from rural sort of areas. He grew up around them and doesn’t like ANYONE from the country unless they’ve been living in the city for ten years

[@duncanclan6186]

That’s wrong ! He’s from Queensland ! He was being snarky and classy at same time by saying : There was one thing I liked about you. Youre from Queensland.( where he’s from) That implies the rest was garbage which was everything lol 😂

[@duncanclan6186]

@@jhowell0387 hes from Queensland So the implication was the one thing he liked is he was from his hometown The rest (everything) was shite

[@cheesyboicapree8110]

@@jhowell0387 he's saying the ONLY thing he likes about the pitch is where he's from. It's a roast

[@GirlycarDawn]

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

[@jazldazl9193]

Where do they find these people? Study Australian history

[@nath-wp7xp]

U WOT M8 what a shocker. The yanks think they know everything. Bloody seppos.

[@GirlycarDawn]

@Ramsey Ludlow Ah, but you see I spelled it wrong on purpose to traumatize yous.

[@iiFLYpurplehaze]

@@GirlycarDawn And the seppo continues to prove us right.

[@GirlycarDawn]

@@iiFLYpurplehaze The inbreeding is stronk in this won.

[@bennyblanco9991]

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

[@techwiz81]

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

[@fyiaustralia9686]

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

[@eviemoody]

This show is pure gold

[@aeonjoey3d]

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.

[@TalatNoor557]

Lmao if you make enough for rent and don’t have bad credit you’re fine.

[@EaglesRback33]

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

[@smoothmicra]

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!😁

[@navzam5]

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

[@sunnykipdenny9097]

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

[@hezar5166]

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.

[@markjuarez6469]

Andrew also pointed out that he could go on and do the same thing at much less than the 2.5 million this person asked for.

[@arethanel9838]

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

[@djthornly]

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

[@jeffbeaudoin4544]

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

[@angusgibbins4954]

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

[@zachquintana4998]

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

[@kc8ppo]

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.

[@kategrover8297]

kc8ppo j

[@kategrover8297]

kc8ppo jj

[@MrJamberee]

Exactly. Renters aren’t interested in paying the fee forever. They sign a lease and they don’t need his service. And he will never get enough excellent renters to make any money. It’s a shopping discount club and it’s going nowhere.

[@MrJamberee]

Yellow Penguin The tenants are volunteering their rental history. They WANT to have it known. It’s not illegal for the tenant to release his info.

[@MrJamberee]

Yellow Penguin They don’t get to make up the rental history. They give the company the info needed to do the rental history inquiries, but they also sign a release that allows the company to share it with rental companies and landlords. The release is voluntary and makes everything legal.

[@DanWeecks]

Naomi was pretty brutal, Steve straight murdered him

[@Zombiefruit]

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

[@bienkee5278]

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

[@justinm1721]

john mcgrath has the best negotiating face lmfao

[@shugar8204]

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

[@Psykoticgodd]

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

[@greenones8754]

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

[@fahadahmed480]

6:25 Savage Steve

[@davem8775]

Are they all out yet?

[@_mvr_]

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

[@Teez_well]

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 🤷🏾‍♂️

[@alexturlais8558]

I think it also includes recommendations and noise complaints and stuff? But still, an unnecessary middle man

[@sangun123]

It’s not practical in america where you’re already going thru massive hurdles, why would I do this when I have to submit paystubs taxes credit

[@Patrick-go8ub]

Palpatine: origin story

[@lsdmolelekki]

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

[@KarrierBag]

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

[@pointinpolyhedron]

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

[@101marketplace4]

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.

[@samjohns2790]

6:38 Thanks 🥴

[@joealexander3123]

Is Kmart still in Australia??

[@tommydenato8863]

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

[@VanlifewithAlan]

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

[@tigesinaus]

Shredded.

[@steeplesheeple]

Anybody have any updates on the success of this guy?

[@ElChicleSeMePego]

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

[@mr_mickals5657]

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

[@peteschneider7369]

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

[@joeypoil9370]

...how much?

[@SM4616]

😱 @ 7:55, his earlobe looks like a glans

[@michaelr.7805]

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

[@nath-wp7xp]

Michael R. The shark who asked it is a Queenslander and he has a big thing for Queenslander entrepreneurs.

[@JewTube001]

steve is the chief entrepreneur of queensland and is involved with sponsoring start-ups in queensland.

[@Locutus]

I thought it was Toowoomba, but it wasn't very clear.

[@guest7386]

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

[@DK_Son]

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.

[@robmarrin6720]

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.

[@CeeTee469]

6:31 Steve 😂😂🤣

[@saramarija21]

HAHAHAHHA

[@dougwinter3478]

Free commercial. Well played

[@MrJamberee]

It’s a commercial for a business that is going nowhere. It’s a glorified shopping discount club that requires a fee.

[@Josh-bw4qi]

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

[@XiagraBalls]

He's still trying to work out how to use Powerpoint. Give him time.

[@davidelet3652]

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

[@ns0557212]

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

[@kikiu2619]

The idea is great.

[@noahollington9946]

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

[@MIARACING]

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

[@davidanthony7495]

Boy Oh Boy What A Shipwreck

[@BiancaVie]

Ok finally something I see in America. I used this to get my current apartment and it worked lol maybe where he lives it’s not a thing but in America we use this a lot lol

[@TheRealBizWiz]

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

[@brandonsmith2246]

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.

[@raw_riot_6917]

This was hilarious lol

[@Tommy-vt9fg]

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

[@ProjectShinkai]

How do you even get on shark tank.

[@bennyblanco9991]

Had to hit it back to the start just to double-check she didn't say "Property Rental Scam" 🙈🤣

[@nyanbinary1717]

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?

[@anitahardesty2163]

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.

[@emmaria_jaja4510]

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

[@wrightsrrt871]

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.

[@DiustheZ]

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.

[@Abhinav-fs7rp]

Shark Tank is the next QVC !!

[@LucyWonglondonbody2body]

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

[@aeonjoey3d]

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

[@mayaparamita2254]

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)

[@tehbobb08]

Only if you choose to be offended.

[@namnack]

I thought he said 'embezzlement card'..

[@Gothicpolar]

My dude even got his end speech cut off..

[@adamrandles4055]

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..... 🧐

[@df4196]

Good luck trying to take on Zillow rentals

[@eviemoody]

I just love how the video cut this clown off mid sentence at the end of the vid. Brilliant.