Shark Tank Pitch Recap
In Season 10 Episode 20, D’ontra Hughes appeared on Shark Tank seeking $500,000 for 3.5% for his virtual ATM app, Spare.
Here’s a quick recap before we dive into the Spare Shark Tank update.
- : He wishes D’ontra they best. He’s not going to beat him up over the valuation this time.
Out
- : It’s a smart idea but she doesn’t think she’s the best partner for D’ontra.
Out
- : She can’t relate to the business so she too wouldn’t be the best partner.
Out
- : He thinks that this is going to be a logistics challenge.
Out
- : He loves the idea but 3.5% is a large enough equity stake.
Out
- D’ontra makes a counter offer of 5%, but Mark wants 15%.
- D’ontra makes another counter offer that includes advisory shares.
Counter Offer: $500K for a 12% equity stake + 3% advisory shares.
Episode Info
| Season 10 Episode 20 |
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| Episode Number | |
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| Network | |
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| Air Date | April 21, 2019 |
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Pitch Info
| Business Pitch | virtual atm network and mobile app |
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| Entrepreneur/Founder | D’ontra Hughes |
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| Asked For | $500,000 for 3.5% |
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| Deal | $500,000 for 12% + advisory shares |
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| Shark | Mark Cuban |
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Business Info
| Business Status | In Business |
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| Estimated Valuation | |
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| Website | — |
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I want to know how it’s going!
I suggest you do a study on Kenya’s mpesa launched way before spare and see how 30 million plus Kenyans are now using it for mobile transactions of USD 12 billion every month. Hire me I can help with that big time.
Hello Ben, send your resume to: admin@gotspare.com; someone on our team will reach out.
SPARE has grow to just over 32 states, serving 1.2M users monthly and has just over 75,000 locations.
You should look into dealing with AABB wallet or exchange