MEET THE SHARKS
WITH a combined wealth of nearly $1 billion, these are the people who will decide who to back and the inventions to bring to the market:
ALLIS founded Boost Juice while on maternity leave. Fifteen years on, Boost has more than 400 stores. Her Retail Zoo banner also operates Salsa’s Fresh Mex Grills, Cibo Express and Hatch.
AFTER stints as an actor and restaurant owner, Banks excelled in human resources. He co-founded Morgan & Banks, which went public 10 years later and drew in revenue of $800 million a year, then merged with TMP/Monster.com. He is a shareholder in more than 10 businesses.
BAXTER left school at 15, joined the army and became an apprentice engineer. Eight years later, he invested every cent in start-up internet service provider SE Net. When that sold he launched PIPE Networks, which then sold for a whopping $370 million. Baxter runs River City Labs, Right Pedal Studios and StartupAUS.
NOT content with struggling as a rookie realtor, McGrath founded McGrath Estate Agents in his lounge room in 1988. It made him a millionaire, with 62 offices in Australia. He’s published five books and is a board director of the billion-dollar REA Group.
WITH a small amount of capital and the help of a neighbour, Simson founded experience gift retailer Red Balloon in 2001. The site sold 300 vouchers in its first year. Now it sells that number every couple of hours.