Scan.Me on Shark Tank
QR Code App - Episode 507 - Week 4 - 10/11/2013
You might not exactly know what a QR Code (Quick Response Code) is just yet, but chances are very good you have already seen them popping up on just about everything imaginable. A QR Code is a two-dimensional barcode that smartphones can read and redirect you to a website, further information on a product or make a purchase right on the spot.
Implementing the QR Code's into our daily lives is still in its infancy as the advertising world is just now beginning to grasp what's possible by creating your own QR Codes. There are lots of sites on the Internet where you can make a QR Code for your Business but only Scan.Me has what it takes to get on the Shark Tank Show.
Scan.Me (talk about the perfect domain name) not to be confused with ScanMe.com, was first conceived by Garrett Gee when he made an educated guess the iPhone 2 would come with a built-in camera. Gee first envisioned making the Top 10 List of New Apps for the iPhone which comes with a lot of free publicity online, but first needed to develop a "Must Have App" on the cutting edge of the smartphone technology.
Garrett Gee's first experience with the QR Code Technology all started when he got his first smartphone for Christmas back in 2009. Seeing a square QR Code Box with this funny looking image for the first time, Gee scanned it with his smartphone and retrieved additional information in a short amount of time. It was a neat experience, but Garrett quickly envisioned a much more streamlined process using and generating the quick response code within a new App.
Garrett who was studying at Brigham Young University at the time took this idea and started a new partnership with classmates Kirk Ouimet and Ben Turley after securing the Scan.Me domain name. Desperately needing the capital it would require making the Scan.Me App, the trio pitched the idea over a dozen times to a few big time investors including Google Ventures which successfully raised $1.5 million in funding. From what I can tell by some dated news, Scan.Me has been downloaded at least 25 million times and most likely much higher by this time.
Why would you want to create your own Free QR Code from Scan.Me? For starters, if you're currently handing out business cards and don't have a QR Code printed on them, it's most likely already costing you money.
The simple fact this funny looking code is on your business cards, yellow page display ads or almost any other form of advertising, is enough getting folk's curiosity up and scanning their smartphones and getting additional information fast.
Bringing Scan.Me into the Shark Tank with these impressive numbers and the success the QR Code App has already had, will definitely make for another great episode, but does it have what it takes to get a deal with the Sharks? If we were back in the late 90's when Internet Success was measured in "eyeballs", then Scan.Me would already be worth a large fortune.
But times have changed and unless you have a solid plan to "make money" at some point, it's kind of hard to keep paying the bills with investors money. From what I can tell, they do have a strategy to monetize the QR Code App in the future, but at this time it's still 100% Free to create as many codes as you'd like. This strategy has been successfully used in the past with the most recent Internet Company Twitter that is finally going public with a billion dollar valuation.
Tonight's Main Featured Update on episode 507 is coincidentally the Mission Belt with No Holes that was seen on Shark Tank Season 4. What connects the Mission Belt and Scan.Me together beside both from Utah is the fact ScanMe's Blog has an article with The Mission Belt's Label proudly displaying a QR Code generated from the Scan.Me App.
Generate Your Free QR Code With The Scan.Me App Today!