Chris Tressiter from Perth pitches Punching Pro, a robot he's spent 14 years building, asking $200,000 for 20% equity. Investors like the demo but worry it's too early-stage and needs major work before it's market-ready.
$200,000 for 20% equity.
About 14 years.
Python.
Perth, WA.
Thank you very much, Chris.
Put it on the hardest setting.
Hi, my name is Chris Tressiter. I'm from Perth, wa, and I'm the owner and inventor of the Punching Pro. I'm here to ask you sharks today for a $200,000 investment for a 20% equity share. I've been working on the project for about 14 years. So would you like to see the robot in action? Yes.
Hell, yeah.
Whoa.
Oh, Jesus.
Oh, that's so cool. Basically, I'm using Python to control the robot at the moment.
So are you a software engineer?
No.
You've just learned Python to do this?
Yeah, that's right.
Impressive. I feel that you would need much more than $200,000, really, to get this to market in a really aesthetically pleasing way. Fortunately, it's too early stage for me. I'm out.
I just don't.
Have enough confidence sitting here today that there would be someone that would actually be able to operate the business to the level that it would need it. And I don't have any more time left to kind of step in and run a business like this. I'm out.
