Rolodoc. Mark Cuban on the worst 'Shark Tank' pitch 2019-07-28

Rolodoc Rating: 7,9/10 56 reviews

Rolodoc

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Given that Advanced Micro Devices only made minimal earnings in the last twelve months, we'll focus on revenue to gauge its business development. For that, I am glad. The Amini brothers' pitch is a mobile health app called Rolodoc, which is meant to be a secure social media platform that allows physicians to upload and display their medical records. Rolodoc allows for secure email between patient, physicians, and other medical professionals, allowing a sort of mobile instant messaging between healthcare and patients. You didn't tell us at all about how you were going to get there. The show received a nomination for a Producers Guild Award in 2013. Looking to make communication between patients and doctors an easy, intuitive and secure process is the entrepreneurial idea that has catapulted Drs.

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Watch Shark Tank Season 5 Episode 01 Lynnae's Gourmet, Pickles, Postcard on the Run, Rolodoc, Sweet Ballz Online

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Lori asks if the point of the application is to serve as a way to email the doctor, and points out that the doctor could possibly be flooded with emails and personal messages. Over the years of their experience, they have realized that communication in medicine is not actually like 21st century technology. In fact; at this point they had only achieved a few sign-ups. O'Leary was the most intrigued of the Sharks, but pulled out of a deal when the brothers couldn't explain how the service could make money. Anyways, BedJet retains their own website and has successfully launched their Bedjet product, and evidently the BedJet has done so well that they have now introduced a V2. Mark and Lori have a hell-of-a-time getting into bed, joking the entire time and lightening the otherwise usually-tense atmosphere of the Shark Tank. After all; a lack of users means that the platform is not going to earn anything.

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Rolodoc Now After Shark Tank

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However, if all of the panel members opt out, the entrepreneur leaves empty-handed. Investor Kevin O'Leary explained that when he's on the road and a health concern arises, he sends an email to his doctor, who then responds with advice and possibly a specialist recommendation. Lori says that she sees Rolodoc as a liability nightmare, and there is a lot of risk in the communication, and is the first Shark to fold out of the deal. Albert says that he is trying to bring social media to medicine, which elicits another reaction from Mark, and Robert steps in to say that there is no need to bring doctors into social media when they are already there. Again, Mark Aramli explains that there is no other device in the world that will make the bed feel like the sheets came out of the dryer in three minutes. Archived from on November 20, 2014. While he might like it hot, she might like it cool, but fortunately, the Bedjet has a dual-zone capability.

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RoloDoc App Review, Updates & Show Results

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Indeed, the share price is up a whopping 600% in that time. Albert left and Richard Amini. Albert says that firms would want to advertise, but potentially existing social networks are not safe. The remote control pairs with the intelligent smartphone app, and you can even program the Bedjet to wake you up in the morning with a blast of cold air. The Amini brothers couldn't explain how physicians could use social media on their platform, despite selling the idea as a social media communication platform for doctors and their patients. Mark Aramli then continues on, saying that the product has to be sold in the same location as bedrooms.

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Rolodoc Now After Shark Tank

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ZocDoc, a searchable database for finding doctors, launched in 2007 and now has over 5 million users. While the idea and technology behind RoloDoc is rather unique and could potentially serve as a useful service for the medical industry it became clear quite quickly that the idea and technology was all that the two brothers had. Cuban didn't envision the social aspect of RoloDoc being a success, but more importantly couldn't get the brothers to answer how they would convince physicians to join. Archived from on October 7, 2014. They couldn't explain how they would convince physicians to sign up for the platform. They left the room without a deal. The healthcare professional receives a message, and can communicate at their convenience.

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Rolodoc: What Happened To Medical Directory Doctors After Shark Tank?

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RoloDoc is a directory of physicians and medical professionals for patients that allows for effective communication and rapid exchange of ideas. However, the pitch fell apart since he does not know if Mark is spending too much time with mattress salespeople, or if he is spending time developing the product. Unsourced material may be challenged and removed. In a Shark Tank first, a deal was made for a different business than the one the entrepreneur entered the tank to pitch. Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. This logo probably didn't help.

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Mark Cuban on the worst 'Shark Tank' pitch

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This is a lesson in how not to pitch your business to investors. None of the sharks are going to invest, and Robert and Albert Amini leave Shark Tank without an investment in Rolodoc. Archived from on October 15, 2014. He is still a majority owner and you are pathetic. Archived from on October 18, 2012. First Lady appeared in a segment promoting Veteran's Small Business Week and JoiningForces.

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Mark Cuban Called Rolodoc The Worst 'Shark Tank' Pitch Ever

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The new terminals should help propel U. Legendary fund manager Li Lu who Charlie Munger backed once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. The idea was to present a directory of doctors and medical professionals for patients. In 2015, a companion spin-off series called premiered, which follows up on some of the businesses that have appeared on the show. Lori asks about the mattress manufacturers, while Barb poses another question — Lori says that if she is not answered, then she will exit the deal. Albert says that they are trying to bring social media into healthcare, to which Kevin asks where the social side of the application is. Rolodoc is an app designed by two Arizona doctors who happened to be brothers, Drs.

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