auug
DealA mobile app and hardware product that allows you to play musical instruments
Pitched by Joshua Young
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The Shark Tank Australia pitch
- A$50K
- Asked for
- 5%
- Offered equity
- A$1M
- Sought valuation
- A$50K
- Deal amount
- 10%
- Deal equity
- A$500K
- Deal valuation
Joshua Young brought auug into the Shark Tank Australia in season 2, episode 8, pitching a mobile app and hardware product that allows you to play musical instruments.
They asked the sharks for A$50K for 5% of the company. That valued the business at A$1M.
auug reached a recorded on-air agreement with Andrew Banks at A$50K for 10%. This records the accepted terms, not confirmation that funding was completed.
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