1 00:00:00,000 --> 00:00:01,040 2 00:00:01,040 --> 00:00:03,320 SPEAKER: Next up are recent college grads 3 00:00:03,320 --> 00:00:06,416 who believe they have a better way to stay recharged. 4 00:00:06,416 --> 00:00:14,175 5 00:00:14,175 --> 00:00:16,550 BILL SHUAN: Sharks, my name is Bill Shuan, the co-founder 6 00:00:16,550 --> 00:00:17,520 and CEO of Amber. 7 00:00:17,520 --> 00:00:19,020 KYLE BYRD: And my name is Kyle Byrd. 8 00:00:19,020 --> 00:00:21,390 I'm head of product and a co-founder at Amber. 9 00:00:21,390 --> 00:00:24,860 BILL SHUAN: Sharks, today, we are raising $200,000 in exchange 10 00:00:24,860 --> 00:00:26,455 for 20% stake within Amber. 11 00:00:26,455 --> 00:00:27,830 KYLE BYRD: Sharks, how many times 12 00:00:27,830 --> 00:00:30,500 have you been at an airport and had your phone tragically 13 00:00:30,500 --> 00:00:31,255 die in your arms? 14 00:00:31,255 --> 00:00:32,920 You know our pain all too well. 15 00:00:32,920 --> 00:00:34,670 The fact is, we didn't want to walk around 16 00:00:34,670 --> 00:00:36,170 with charters in our pockets or give 17 00:00:36,170 --> 00:00:37,587 our phones to bartenders to charge 18 00:00:37,587 --> 00:00:39,060 our phones in a public space. 19 00:00:39,060 --> 00:00:41,530 We saw a problem, and we came up with a solution. 20 00:00:41,530 --> 00:00:44,030 BILL SHUAN: Sharks, Amber is a mobile phone charging station 21 00:00:44,030 --> 00:00:45,830 that is completely free to use. 22 00:00:45,830 --> 00:00:48,080 We secure your device in one of our seven compartments 23 00:00:48,080 --> 00:00:50,640 using biometric scanning, namely fingerprint scanning. 24 00:00:50,640 --> 00:00:52,800 We made it super, super simple. 25 00:00:52,800 --> 00:00:54,350 Let's show you how it works. 26 00:00:54,350 --> 00:00:58,160 Simply walk up, scan their fingerprint, 27 00:00:58,160 --> 00:01:00,710 choose one of the available compartments, 28 00:01:00,710 --> 00:01:02,300 and whenever they're done, they simply 29 00:01:02,300 --> 00:01:05,910 re-scan their finger and one of the doors will unlock. 30 00:01:05,910 --> 00:01:07,800 KYLE BYRD: We realized that Amber wasn't just 31 00:01:07,800 --> 00:01:09,330 a free, secure way for people to charge 32 00:01:09,330 --> 00:01:11,280 their phones in a public space, but could also 33 00:01:11,280 --> 00:01:13,940 drive revenue for venues by keeping people around longer 34 00:01:13,940 --> 00:01:15,940 and heightening the overall customer experience. 35 00:01:15,940 --> 00:01:19,120 We want to put Amber in bars, restaurants, gyms, 36 00:01:19,120 --> 00:01:21,540 movie theaters, arenas, really anywhere, 37 00:01:21,540 --> 00:01:22,773 the list goes on and on. 38 00:01:22,773 --> 00:01:24,940 BILL SHUAN: Sharks, by securing an investment today, 39 00:01:24,940 --> 00:01:27,360 we can make our first big push into seeing Amber at venue 40 00:01:27,360 --> 00:01:28,630 across the nation. 41 00:01:28,630 --> 00:01:31,350 Now, who wants to secure a deal with Amber? 42 00:01:31,350 --> 00:01:34,170 MARK CUBAN: So is the product shipping? 43 00:01:34,170 --> 00:01:35,695 BILL SHUAN: So we are pre-revenue. 44 00:01:35,695 --> 00:01:37,570 KEVIN O'LEARY: I love that word, pre-revenue. 45 00:01:37,570 --> 00:01:39,730 KYLE BYRD: We just graduated a few weeks ago from college. 46 00:01:39,730 --> 00:01:40,450 MARK CUBAN: Where did you go to school? 47 00:01:40,450 --> 00:01:42,130 KYLE BYRD: James Madison University in Virginia. 48 00:01:42,130 --> 00:01:43,570 ROBERT HERJAVEC: Bill, walk me through the premise. 49 00:01:43,570 --> 00:01:44,680 You walk into a bar. 50 00:01:44,680 --> 00:01:45,100 BILL SHUAN: Sure. 51 00:01:45,100 --> 00:01:46,150 ROBERT HERJAVEC: I'm a bar owner. 52 00:01:46,150 --> 00:01:46,720 BILL SHUAN: You're a bar owner. 53 00:01:46,720 --> 00:01:48,130 ROBERT HERJAVEC: How much are you going to charge me? 54 00:01:48,130 --> 00:01:50,880 BILL SHUAN: So we will either charge you $2,000 outright 55 00:01:50,880 --> 00:01:53,573 for the unit, or you can lease it either on six, nine months. 56 00:01:53,573 --> 00:01:55,240 ROBERT HERJAVEC: So I buy it for $2,000. 57 00:01:55,240 --> 00:01:55,570 That's it. 58 00:01:55,570 --> 00:01:56,320 There's no more revenue. 59 00:01:56,320 --> 00:01:58,380 KYLE BYRD: Or you can get it right on your wall for $150 60 00:01:58,380 --> 00:01:58,900 right there. 61 00:01:58,900 --> 00:02:00,085 And it's a monthly $150. 62 00:02:00,085 --> 00:02:01,960 LORI GREINER: It's a convenience for the bar, 63 00:02:01,960 --> 00:02:04,290 but it's not something they have to have. 64 00:02:04,290 --> 00:02:05,280 KYLE BYRD: So actually right now, people 65 00:02:05,280 --> 00:02:06,750 are charging their phones in bars. 66 00:02:06,750 --> 00:02:07,750 They're giving them to bartenders, 67 00:02:07,750 --> 00:02:08,833 to waitresses and waiters. 68 00:02:08,833 --> 00:02:09,729 That's a liability. 69 00:02:09,729 --> 00:02:10,900 It's like, hey, can I get my phone. 70 00:02:10,900 --> 00:02:12,940 Will that waiter or waitress may have left, gotten off work, 71 00:02:12,940 --> 00:02:14,232 and now they have a lost phone. 72 00:02:14,232 --> 00:02:16,120 DAYMOND JOHN: Guys, you said a door locks. 73 00:02:16,120 --> 00:02:17,803 I didn't see a door lock. 74 00:02:17,803 --> 00:02:20,470 KYLE BYRD: So the locks in here is what we're using for testing. 75 00:02:20,470 --> 00:02:22,740 We're actually currently sourcing our locks 76 00:02:22,740 --> 00:02:23,650 through Master Lock. 77 00:02:23,650 --> 00:02:23,882 DAYMOND JOHN: OK. 78 00:02:23,882 --> 00:02:25,240 So there will be a door on there. 79 00:02:25,240 --> 00:02:25,830 KYLE BYRD: Yes. 80 00:02:25,830 --> 00:02:27,820 ROBERT HERJAVEC: Bill, have you tested the fingerprint scanner? 81 00:02:27,820 --> 00:02:28,090 BILL SHUAN: We have. 82 00:02:28,090 --> 00:02:29,880 We tested all on the back end, because I'm 83 00:02:29,880 --> 00:02:31,450 in the cybersecurity space. 84 00:02:31,450 --> 00:02:31,502 ROBERT HERJAVEC: Right. 85 00:02:31,502 --> 00:02:33,220 And here's what I know about fingerprint scanners. 86 00:02:33,220 --> 00:02:34,390 They can be very finicky. 87 00:02:34,390 --> 00:02:35,098 MARK CUBAN: Very. 88 00:02:35,098 --> 00:02:37,482 ROBERT HERJAVEC: Except for the very, very high end ones. 89 00:02:37,482 --> 00:02:39,315 With all due respect to you, the idea of you 90 00:02:39,315 --> 00:02:41,910 walking up once, putting your finger in there, 91 00:02:41,910 --> 00:02:45,280 and it recognizing you and the door coming down is ludicrous. 92 00:02:45,280 --> 00:02:47,500 We have a big Security Center. 93 00:02:47,500 --> 00:02:50,610 The fingerprint scanner that we pay for people to get into that 94 00:02:50,610 --> 00:02:54,150 center was, well, well over $50,000. 95 00:02:54,150 --> 00:02:55,840 There's no way for that price point 96 00:02:55,840 --> 00:02:57,030 you're going to buy a fingerprint scanner that's 97 00:02:57,030 --> 00:02:58,110 going to work that quickly. 98 00:02:58,110 --> 00:02:58,990 Here's how it's going to work. 99 00:02:58,990 --> 00:02:59,650 Someone's going to come up. 100 00:02:59,650 --> 00:03:00,750 They're going to go once. 101 00:03:00,750 --> 00:03:01,917 They're going to go twice. 102 00:03:01,917 --> 00:03:03,250 They're going to go three times. 103 00:03:03,250 --> 00:03:04,770 MARK CUBAN: Then they're going to pull it off the wall. 104 00:03:04,770 --> 00:03:05,070 ROBERT HERJAVEC: Yeah. 105 00:03:05,070 --> 00:03:06,600 And they're going to say-- and this 106 00:03:06,600 --> 00:03:08,910 is before they've had something to drink. 107 00:03:08,910 --> 00:03:11,550 MARK CUBAN: Tell us how much you've invested, because you've 108 00:03:11,550 --> 00:03:12,850 got to build prototypes. 109 00:03:12,850 --> 00:03:16,010 BILL SHUAN: So on our college budgets, we are sitting-- 110 00:03:16,010 --> 00:03:17,577 I think we're right around $11,000. 111 00:03:17,577 --> 00:03:19,785 MARK CUBAN: And what does it cost you to make a unit? 112 00:03:19,785 --> 00:03:22,964 KYLE BYRD: Right now, we can make the unit for $1,000. 113 00:03:22,964 --> 00:03:24,730 KEVIN O'LEARY: $1,000? 114 00:03:24,730 --> 00:03:28,540 This is going to end so badly. 115 00:03:28,540 --> 00:03:30,230 MARK CUBAN: That is such a bad business. 116 00:03:30,230 --> 00:03:31,400 DAYMOND JOHN: What are you-- 117 00:03:31,400 --> 00:03:35,290 you're saying the cost of it to buy is $2,000. 118 00:03:35,290 --> 00:03:39,190 KYLE BYRD: It's $150 a month or $2,000 outright. 119 00:03:39,190 --> 00:03:41,190 DAYMOND JOHN: Why would a bar pay you $2,000? 120 00:03:41,190 --> 00:03:42,940 When you go to the airport, those guys who 121 00:03:42,940 --> 00:03:44,980 have the big chargers, they issue it for free 122 00:03:44,980 --> 00:03:46,730 because they want to do their advertising. 123 00:03:46,730 --> 00:03:49,540 Why wouldn't a bar put one of those free devices 124 00:03:49,540 --> 00:03:50,667 behind the bar? 125 00:03:50,667 --> 00:03:53,000 LORI GREINER: I mean, why does anybody really need this? 126 00:03:53,000 --> 00:03:55,550 I think there's so many personal charging devices. 127 00:03:55,550 --> 00:03:57,520 And actually, I'm in the space right now. 128 00:03:57,520 --> 00:04:01,420 We're creating something that is light years ahead of this. 129 00:04:01,420 --> 00:04:03,490 I'm out. 130 00:04:03,490 --> 00:04:05,210 MARK CUBAN: The cost is horrible, guys. 131 00:04:05,210 --> 00:04:07,490 I mean, you've got to get this down under $100. 132 00:04:07,490 --> 00:04:09,740 KYLE BYRD: And that's exactly what we're trying to do. 133 00:04:09,740 --> 00:04:11,350 MARK CUBAN: But you're so far away, right? 134 00:04:11,350 --> 00:04:13,700 And I feel bad because you put in a lot of blood, sweat, 135 00:04:13,700 --> 00:04:14,210 and tears. 136 00:04:14,210 --> 00:04:14,630 KEVIN O'LEARY: Wait, wait. 137 00:04:14,630 --> 00:04:15,463 No sweat, and tears. 138 00:04:15,463 --> 00:04:17,140 Just blood in the water. 139 00:04:17,140 --> 00:04:17,640 Blood. 140 00:04:17,640 --> 00:04:19,098 KYLE BYRD: We've actually had a lot 141 00:04:19,098 --> 00:04:20,785 of interest from festivals and say, 142 00:04:20,785 --> 00:04:22,160 larger scale venues, conventions. 143 00:04:22,160 --> 00:04:23,785 So we actually-- we developed a product 144 00:04:23,785 --> 00:04:26,540 like putting it on a stand and having say, 14 units. 145 00:04:26,540 --> 00:04:28,820 MARK CUBAN: Look, whenever you have a lot of people, 146 00:04:28,820 --> 00:04:30,403 one of the things you don't want to do 147 00:04:30,403 --> 00:04:33,550 is create a reason for them to congregate in one spot waiting 148 00:04:33,550 --> 00:04:34,430 for something. 149 00:04:34,430 --> 00:04:36,290 All you're doing is creating more lines. 150 00:04:36,290 --> 00:04:37,670 And then the finger scanner. 151 00:04:37,670 --> 00:04:38,480 Someone was wet. 152 00:04:38,480 --> 00:04:39,740 Someone was grimy. 153 00:04:39,740 --> 00:04:40,730 You're at a festival. 154 00:04:40,730 --> 00:04:43,060 It's not going to be a clean environment. 155 00:04:43,060 --> 00:04:44,900 This is definitely not for me. 156 00:04:44,900 --> 00:04:46,032 I'm out. 157 00:04:46,032 --> 00:04:47,990 KEVIN O'LEARY: There's only one answer to this. 158 00:04:47,990 --> 00:04:51,040 I have to hire you both so I can fire you. 159 00:04:51,040 --> 00:04:52,490 This is so horrible. 160 00:04:52,490 --> 00:04:56,350 How do you think this has any chance of surviving and working? 161 00:04:56,350 --> 00:04:57,650 I hate this so much. 162 00:04:57,650 --> 00:04:58,370 It's incredible. 163 00:04:58,370 --> 00:05:00,162 It's one of the worst ideas I've ever seen. 164 00:05:00,162 --> 00:05:02,530 I'm out. 165 00:05:02,530 --> 00:05:05,090 DAYMOND JOHN: I have absolutely no interest in this business. 166 00:05:05,090 --> 00:05:05,590 I'm out. 167 00:05:05,590 --> 00:05:09,040 168 00:05:09,040 --> 00:05:10,653 BILL SHUAN: So we do have competition. 169 00:05:10,653 --> 00:05:11,320 There are a few. 170 00:05:11,320 --> 00:05:12,620 MARK CUBAN: Yeah, there's a lot of competitors. 171 00:05:12,620 --> 00:05:13,370 BILL SHUAN: Right. 172 00:05:13,370 --> 00:05:15,730 ROBERT HERJAVEC: Your biggest competitor is free. 173 00:05:15,730 --> 00:05:20,950 You've come out with an incredibly elegant solution 174 00:05:20,950 --> 00:05:23,860 to free. 175 00:05:23,860 --> 00:05:25,970 Look, I'm out. 176 00:05:25,970 --> 00:05:27,743 177 00:05:27,743 --> 00:05:28,910 MARK CUBAN: Good luck, guys. 178 00:05:28,910 --> 00:05:30,993 KYLE BYRD: Thank you guys very much for your time. 179 00:05:30,993 --> 00:05:33,457 180 00:05:33,457 --> 00:05:35,540 LORI GREINER: I think that was the shortest pitch. 181 00:05:35,540 --> 00:05:36,590 KEVIN O'LEARY: It's the worst pitch. 182 00:05:36,590 --> 00:05:36,880 That's why. 183 00:05:36,880 --> 00:05:37,730 DAYMOND JOHN: It's horrible. 184 00:05:37,730 --> 00:05:39,670 KEVIN O'LEARY: I thought you put your glass there, and fill it 185 00:05:39,670 --> 00:05:40,170 up. 186 00:05:40,170 --> 00:05:42,400 ROBERT HERJAVEC: Hey, he left his phone. 187 00:05:42,400 --> 00:05:43,940 BILL SHUAN: The cost was an issue. 188 00:05:43,940 --> 00:05:45,370 The security was an issue. 189 00:05:45,370 --> 00:05:46,460 I know it works. 190 00:05:46,460 --> 00:05:48,640 We've tested it a million times. 191 00:05:48,640 --> 00:05:51,110 I mean, I would probably go real Hershey back in the teeth. 192 00:05:51,110 --> 00:05:52,102 I mean, that's not-- 193 00:05:52,102 --> 00:05:53,060 KYLE BYRD: That's rude. 194 00:05:53,060 --> 00:05:54,200 BILL SHUAN: Dude, she want me to be honest. 195 00:05:54,200 --> 00:05:54,830 I'm being honest. 196 00:05:54,830 --> 00:05:55,413 KYLE BYRD: No. 197 00:05:55,413 --> 00:05:58,840 198 00:05:58,840 --> 00:06:00,400 KEVIN O'LEARY: Before you go, don't 199 00:06:00,400 --> 00:06:03,220 forget to subscribe to the Shark Tank YouTube channel 200 00:06:03,220 --> 00:06:06,400 and ring the notification bell to keep up with everything 201 00:06:06,400 --> 00:06:08,760 that's bubbling in the tank. 202 00:06:08,760 --> 00:06:28,000