Next up are Savannah Cowley and Samuel Agboola of Flag, seeking $375,000 for five percent equity.
Flag offers free photo printing. According to their website, their service “uses laser-cutters to cut paper to fit your prints.” Up to 20 prints per month are offered for free and any size/shape photo can be printed—from squares to circles and even panoramas. Additional photos beyond the free 20 per month may be purchased. An option to put targeted ads on the backs of the prints is also available. The app is available in the app store for $9.99.
Kevin O’Leary questions why major photo services within the industry wouldn’t just use their model. They have raised $1.6 million. Visa, one of their customers, likes their branding. The technology is also not exclusive to them.
With an investment, they hope to insource production. They reveal, however, that they are currently raising more money, which concerns the sharks. Barbara Corcoran goes out, followed by O’Leary. Lori Greiner worries about the free offering and advertisers and goes out, as does Mark Cuban for seeing too many issues. After most of the sharks go out, however, they reveal that part of their model will be freemium. Guest shark Chris Sacca finds too many issues as well and goes out.
Social Media Reacts to Flag’s Appearance on “Shark Tank”
Flag photo went on #SharkTank without an Android app??
— JML (@PigEpidermis) April 15, 2017
#sharktank Flag is not a great idea. And Barbra doesn't trust them.
— Mike Kane (@michaeldkane) April 15, 2017
Whelp, that Flag pitch on #SharkTank went about how I imagined it would.
— dann berg (@dannberg) April 15, 2017
Wow, Flag is full of #FAIL – #SharkTank
— William Knowles (@c4i) April 15, 2017
#SharkTank Printing ads on the back of pix? Placed in a frame or photo album..ad forgotten…no ROI…phone book ads work better…
— TBC_Digital (@tbc_digital) April 15, 2017
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging business to six multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group. Venture capitalist Chris Sacca is also slated to appear as a guest shark this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $87 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Friday at 9 p.m. on ABC.
Would you use Flag? Sound off in the comments section below!