Year 5s enter the Shark Tank

Year 5s enter the Shark Tank

“I will offer 10 percent of my company for $3000. This values my company at $30K,” stated Harrison Galdwin. Juliette Budin-Slabe said, “I have done my due diligence to make sure this is a product that people would really desire.” And Zach Kaplan asked, “So ‘Sharks’, who wants to join in and revolutionize the supermarket industry?” 

A group of Year Five students demonstrated that they have the knowledge and skills, passion and drive to become promising entrepreneurs. Following application, six students were accepted to be part of the Term Four Enrichment Program centered around business, finance and marketing, and modeled on the reality TV show ‘Shark Tank’. 

When forming the initial business ideas our young entrepreneurs were highly imaginative, curious and innovative. They engaged in critical thought when diagnosing whether their product could be actualised in the real world. They developed their plan to turn their vision into reality, carefully calculating analytics and risks. The young entrepreneurs pitched their ideas to four venture capitalists, or ‘Sharks’, with the intention of gaining investment in their companies. Ideas ranged from Jasmine Leigh’s ‘Bundle of Joy’, a crochet kit fully equipped with needle, yarn and detailed instructions, to Noam Reti-Waks’ ‘Spectacular Shelves’, a fabric shelving system that is easily assembled and attached to tent walls.

Our young entrepreneurs entered the ‘Shark Tank’ and faced the ‘Sharks’ - 

Brandon Efron and Sam Vilshansky: KDS alumni and co-founders of the rapidly growing business, Blitz Bar, Melbourne's first self-serve açai bowl experience. 

Bernie Sharrad: Business owner who has appeared on Shark Tank with his product, Caphat, an award winning skin protection product. 

Dr Megan Sebben: Program Manager at CSIRO’s Kick-Start Program, and presenter and judge of the series Australia ByDesign Innovations where she stands as a catalyst for innovation in science and business. 

The ‘Sharks’ were tempted to bite…

Juliette Budin-Slabe’s Business Venture: Trolley Phone Holder:

Brandon Efron and Sam Vilshansky exchanged for 25K for 25% equity

Harrison Galdwin’s Business Venture: Shuffle Star:

Bernie Sharrad exchanged for 10K for 30% equity

Zach Kaplan’s Business Venture: Automatic Scanner:

Megan Sebben exchanged for 15K for 17% equity

Bernie Sharrad exchanged for 15K for 17% equity

Jasmine Leigh’s Business Venture: A Bundle of Joy:

Megan Sebben exchanged for 5K for 5% equity

Bernie Sharrad exchanged for 5K for 5% equity

Brandon Efron and Sam Vilshansky exchanged for 5K for 5% equity

Noam Reti-Wak’s Business Venture: Spectacular Shelves:

Megan Sebben exchanged for 40K for 24% equity

Bernie Sharrad exchanged for 40K for 24% equity

Congratulations to all students for successfully reeling in ‘Sharks’ to invest in their venture.