Two young, creative students from Queensland University of Technology and the University of Queensland recently made a killing on Shark Tank with their innovative business idea involving a retro camera that they successfully launched on Kickstarter.
Shark Tank Australia has invested $500,000 in its distinctive digital camera, the Flashback ONE35, blends modern technology with retro looks.
Kelric Mullen and Mackenzie Salisbury met while at Cromwell College. On Kickstarter, their concept for the Flashback ONE35—a digital camera with a retro film camera design—gained momentum and raised about $800,000 from supporters.
The business is expected to achieve $15 million in sales in the coming year and has brought in more than $3 million since its introduction.
Shark Tank investor Maxine Horne especially liked the team’s vision and product. She saw the Flashback ONE35 attractive to newer generations drawn in by old events.
Working with Horne and using her experience to expand their company is something that excites them, the students said.
They also thanked their teachers and mentors, notably Jessie Lee Croghan, the high school business teacher who motivated them to pursue an entrepreneurial career.
Published Date 1-December-2024