Steve Baxter Shut Down & Asked To Leave Show
When new businesses go onto Shark Tank to pitch their company it typically goes one of two ways.
However, because of beautician turned-planner Shaun Pulfrey, the game has changed completely.
In a recent episode Stephen Baxter who is turning into a figure in the place he calls home got into a bidding war with fellow shark Janine Allis.
Apparently the feud stemmed from a previous episode where the two undercut each others deals ultimately leading to owning less of the companies they made deals on.
Baxter shot back with the defense that he invests in companies that put value back into the community, something he believes very firmly in and has made quite the name for himself doing. This seems to come from Baxter’s unique beginnings.
He’s invested his own energy and cash to cultivate the start-up scene with his River City Labs co-working space. He is helping a chosen few new companies with guidance and seed financing, in addition to he has the notoriety of a tech business visionary who has left from some enormous arrangements, the greatest being the $373 million offer of PIPE systems.
Despite the fact that we were somewhat tight for time with this meeting, Steve managed to share a considerable measure of within story behind his first achievement, SEnet, an ISP began in the late 1990s, and afterward PIPE organizes, a player in the fiber systems industry in Australia.
The meeting covers his more youthful days leaving school early and afterward joining the armed force, were he reveled his interest with tech, for this situation “armed force toys”, and afterward later PCs when he started learns at college.
Steve clarifies how he began his ISP from a leased house with six phone lines (back in the dial-up days) and developed it to the 7th biggest ISP in Australia at the time. His organization was procured by Ozemail just before the website bust of the mid 2000s.
Steve at that point required some investment off, got himself a pontoon and went angling. He was gone from business for just about a year, prior to he was baited back in to accomplice on PIPE Networks, an organization that diminished transfer speed costs by associating frequently contending organizations together to share transmission capacity.
Eventaually PIPE Networks coasted on the stock exchange to help support the take off of link framework, bringing about a $14 million capitalisation. Steve later left the organization’s everyday tasks to work at Google in California, where he went on for a year, prior coming back to Australia to help settle the $373 offer of PIPE Networks.
Today Steve is the author of the not-for-profit co-working space, River City Labs, a vast office space where new businesses can lease a table office, share assets and interface with comparable business visionaries in Brisbane.
In case you’re searching for a major multi-million dollar example of overcoming adversity, this is a meeting to tune in to. On account of Steve for sharing and please leave any inquiries you have as remarks to this post.