Hey, I want to tell you something that's gonna completely totally knock your
socks off. Oh, this is the Daily Overpass, my name is Eric, I make apps. Today, I want
to talk about the greatest app idea in the world.
Okay, let me start by thanking you for taking this time to meet with me today. But to be honest with you,
after I tell you what I'm about to tell you, I think you're gonna be the one thanking
me. So, what I want to discuss with you today is a business opportunity.
I think it's gonna make both of us really, really wealthy. But first, I mean
before I talk about it any further, I'm gonna need you to sign this
document here. It's called a Non-Disclosure Agreement. Basically,
what it says is that everything we talk about- oh, you know what, it is okay.
Yeah, I'm just gonna need you to sign that before I can say anything further.
Oh yeah. No, no, don't worry. No chair, dude. Dude, once I tell you what I'm about to
tell, you're gonna understand why we need this in place. No, don't worry
about that . So, cool. Alright. Good. Cool. Alright. Great, thank you!
So, get ready. Your life is about to change. So, the other
day, I'm in the airport and I see these little kiosks things all over the place,
saying rate your experience. There's like buttons- like happy face, sad face,
medium face, all this kind of stuff. And these things are all over the
airport. Then I start thinking, what they're starting to ask our
opinions everywhere now, because there's so much stuff we need. Ratings and
reviews everywhere, even if I go to a shop there's no review, so I don't know
if anything is good or bad or whatever. And every time I buy something on
Amazon, every time I buy something online, every time I download an app, every time
I do anything, they're asking me what do you think of it.
Rate your experience. So, last night, I'm in the shower and I'm thinking,
if only there was a way to do that in real life. So, you meet
people all the time. You pass them on the street, you see them in a
shop and don't know if they're a good guy or a bad guy unless
you've actually got to know them, which takes a long time. so I'm thinking, stay
with me here. What if there was a way to rate normal people in real life.
I thought, how could we do something like that and then I thought
BAM! That's an app idea! Then the more I thought about it, I thought this could
be huge. So first thing I did was, I checked to see if that app idea already
exists. I checked on the App Store, I checked on Google Play, I spent
five- ten minutes checking, and I couldn't find anything like this out there.
Then I went and asked all my friends. I asked at least
five of my friends, what do you think of this idea? And they all said, yeah, it's
good. I think, five out of five that's 100% approval rating.
I'm 100%. I mean this is huge. Yeah, and that the more I
started thinking about it, I went back and I started sketching down some ideas.
I thought, what should I name? We need a name, right? So, I thought Rater. Rater
is nice and short. R-a-t-e-r. But then I thought, nobody calls it
just a name. You got to misspell it somehow. You know, like Google has the
two O's and all this stuff. I thought it's said of the two O's will have two
T's, right? Yeah? No? This is- I mean this just comes to me. I'm-
I don't know what it was. I'm just- these ideas flowing through me
There are higher powers at work here. So I went and I sketched down an
idea. I sketched down what the app would look like. Boom! So, let's say you're
walking down the street and you helped an old lady across the street and you
say, "Excuse me, old lady, could you please leave me a review." and she'll go, "Yes, Sonny."
And she'll go, BAM! And she'll give me five stars. Or let's say, there's a guy
who's being kind of an a**hole and he steps on your foot and you go, "Hey,
give me your phone." He takes it out and he opens up the radar app and I go
BAM! One star. Then you're meeting
other people like you go into a job interview, or you're going on a date and I
say, "Hey, what kind of person are you?" Just take the phone out saying it's 3.5
rating. But one guy was really a jerk or whatever, and then later-
and then you know it becomes rating for real life. You can use it
with your kids. If your kids are acting out. one star for today, five stars today
you did really well on that play or whatever. I'm just thinking this
is huge. But I'm not a technical person.
I don't understand how all the technical stuff does all that kind of stuff.
I've always been more of a visionary. I'm a big-picture-kind-of-guy, so I need
someone like you. This is the reason why it has to meet with you.
And this is one of the reasons why I chose you
to share this idea with. So, you know, you seem like a pretty
decent person. I think- so, I was thinking about it and I
was thinking what would a normal person give as a percentage of a
company. 10%? 15%? I thought, no. You know what, may be generous here. So, my
proposal to you here is that if you build this application for me, and
I handle all the business types of stuff, we're basically a partnership.
I will give you 20% of the business. What? Why 20 percent? Hey, 80 percent might
seem like a lot, but I mean you gotta understand it was my idea. I mean it was
if it was your idea, you'd be getting 80%. That's just the way it is.
So, what do you think? You in? Sorry, what is it? What does that mean? Wouldn't
monetize? Oh, how much money- how will it make money? Oh, okay. See, I'm
not sure. This is one of those technical things I'm gonna need you to handle. So,
as my technical partner, as my lead technical guy, I'm gonna need
you to come up with the solutions for that. But there's a few things. I don't
want to have ads in this is application. No ads and I don't like those
purchase things and the app must be free, but other than that I don't mind. How you
make money from it? How we make money from it? You just come up with some
different solutions. But to be honest with you, I mean when Google sees this
they're gonna buy it. It just hands down. There's no way. Target
market? Oh, that's the beauty of this. The target market of this is everyone.
Everyone who has a smartphone, they're our target market. We don't even
need to segment it. It's just- I mean everyone, once you see
your friends have it, you're gonna download it. It's
brilliant. I can't get over myself sometimes. Marketing?
I don't think we need a marketing budget. This is the beauty of this.
This thing is gonna market itself. Like I said, once you see your
friends have it, you're gonna download it too. I mean, don't worry
about the marketing side of things, that's the bit that I'm gonna
take care of, the marketing. Just worry about the technical, you know all
the code and stuff like that, that you like to do. Go to your computer
and do all that kind of stuff. I'll handle all that kind of stuff.
iPhone or Android? I would say I definitely go iPhone. All five of
my friends, they all have iPhones. I'm sure there are people out
there with androids, but you know we could do that after. Let's
do iPhone. Let's focus on iPhone and then later on if there's time, we'll do
Android. Yeah, I think that would be good. You're gonna have to charge me? No. No. No.
You didn't understand. I'm gonna give you 20% of this company. So,
this is easily gonna make 10 million. I mean, if we try to be
really conservative about it, this thing will easily make 10 million dollars.
So 20 percent. What's 20 percent of 10 million? That's two million dollars.
Are you saying this thing can't be built with two million dollars? I mean, come on.
Really? Sorry, you're not interested? you're not interested?
Well, I'm surprised. I was not expecting that.
Wow! Okay, alright. Well, I guess everyone has to have their-
everybody has to make mistakes in life. I mean- I can't see turning
down two million dollars. Oh man, well I just look- I just hope you're not gonna
regret this later. You know, when you see-
when we see all the press, when you see me on the cover of the
newspapers and all that kind of stuff, I hope you're not dumb. I hope
you're not kicking yourself. But, um, no, I guess everybody's got their own
things. So you know, it's cool. I guess- well you know- hey
good luck to you. Whatever you end up doing. I'm sorry you cannot make
this journey with me. But anyway, it's been nice nice meeting with you.
I'll talk to you, guys, tomorrow.