Grant Bruns and John Gorman are seeking $500,000 in return for a 20% equity stake in Ampan, a building product made from agricultural waste.
From Season 1 Episode 11
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Ampan Is A Perfect Product With A HORRIBLE Strategy! | Shark Tank AUS | Shark Tank Global
https://www.youtube.com/channel/UCREgA-BmOocJ9Is_bZV6aJQ
Great idea
Yet again shows how out of touch the sharks are. Just a bunch of rich bozos. HE PUT ALL HIS MONEY IN TO CREATE IT. He doesn’t have a way to create at scale to build a house or test demand. They are so damn ignorant it’s infuriating. Cut the man some slack. Any one of them could have taken a flier for 30%-40% and it would have been a drop in the bucket for them to help him get started. They had all the testing they needed to compare it to real particle board and show it did better than what was out there. There isn’t anything else they need to do. So ignorant and out of touch, what they said made no sense and they are expecting the impossible from him. Jack asses.
Using this instead of all the chipboard for furniture could be a game changer.
John’s terrific and needs a good partner to trust who will run with it and take this to new heights.
I wish him well
He should pitch it in the US. They will invest!
Don’t grow rice in America.
The pitch should have been the farmer only, along with proof of its usage, and they would have invested more than his ask.