21 Year Old Entrepreneur Develops New Currency For The Homeless | Dragons’ Den IRL
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- เผยแพร่เมื่อ 20 พ.ค. 2020
- Mark O’Meara is pitching 'Kara Ireland' - a homeless currency and a not for profit company where any income will be reinvested in the business. Mark O’Meara is seeking an investment of €15,000in return for a 25% equity stake, he makes it very clear that he'll keep a close eye on the potential risks of fraud...
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #Homeless #Fraud - บันเทิง
Amazing they all helped him and what a wonderful young man. I really hope he does well. 😊
I feed homeless, I just ask them if they would like Me to get them somthing. I will suggest pasty and orange juice or somthing and if they say yes I go buy it and give it to them. Why do I need a card?
WATCHING THE WATCHERS Because some people just give money and sadly that’s then used to buy alcohol or drugs, having a card/giving a card will ensure the money on it is spent on food, essential items as mentioned in the video.
The kid is not mine and I'M proud of him! If there are many more 21yr olds out there like him? We as a future species are going to be just fine!
@@kineticblues2766 ummmm....HUH?!
😂
I feed homeless all the time, I don't need a card to do so. I goes like this
Me - hey mate are you ok?
Homeless - Yes you?
Me - Yes not to bad, I can get you some food and drink.
Homless - That would be great thanks.
Me - How about I get you this drink and this food?
Homeless - That would be really good mate thanks.
What a wonderful compassionate kid. Makes me hopeful that there are more like him in the world.
The is a very admirable, clever young man. The only problem is, I've seen it myself, where some homeless people will get angry, even aggressive if you don't offer cash. It's a difficult one to solve.
Then they really aren't looking for help. They're looking for their next drug fix.
No they don't, who have you been talking to? Not all homeless are crack heads. I just go buy food and drink and offer it to them or I ask if I can get them somthing, I never give them money. I have had crack heads pretend to be homeless and give me the "Please I need to get a train to bla bla, just give me a pound" ruiteen and then get abusive when I say no.
@@Tyshkevich I have had crack heads pretend to be homeless and give me the "Please I need to get a train to bla bla, just give me a pound" ruiteen and then get abusive when I say no. With real homeless they are very grateful and thankful for the food and drink I give to them. I don't need a card.
@@WATCHINGTHEWATCHERS In fairness I don't think anyone here is saying all homeless people are crackheads and even if they were they need help too. Unfortunately, sometimes approaching strangers directly, homeless or not, even with the best of intentions can be taken the wrong way. Be kind but with caution, maybe.
The thing is we're heading towards a cashless society. So something like this will have to be brought out sooner or later.
WOW! Amazing! I’ve seen so many pitches get kicked to the curb because they were for charity & not a business on Dragons Den UK so it’s nice to see the Ireland version is a breath of fresh air!
Pretty simple way to make it commercial. Pay 12 euros for a 10 euro voucher. You're paying for the guarantee they can only use it to buy necessities with. Get government to issue fines for people who accept the currency for non-essentials like alcohol, and use those fines to fund NGO's and business costs such as printing.
Personally, I’d rather just give the person €12 cash. Save €2 being gobbled up by the company - for whatever they’re gonna use it for.
@@EarlSquirrelsonn You make it sound like you can't have one without the other. If you want to give a homeless person 12 euros you can give them 12. If you don't want to risk giving it to someone who is fake homeless beggar or some drug addict, you might prefer to support the homeless currency. Sure you're losing 2 euros to a company, but it gives a guarantee that you can only spend the currency on essentials, far less likely to be able to spend it on drugs or alcohol. Make it illegal and a fine for people who use the homeless currency for items that are non-essential, so it's higher risk for fake homeless beggars. Yeah, you have more money going to private companies, but that money will get taxed and that money can be used by government to support the homeless, like schemes to put food clothing and essentials on the street for them. It beats having a fake homeless beggar taking people's money and being selfish with it.
In Australia charities give out cards to be used at major supermarket chains but will not work for cigarettes or alcohol.
@@gamewithadam7235 They're over-complicating a simple issue within a complex set of issues. If people want to provide specific things they can donate directly to soup kitchens and shelters. Spending this money to encourage people to set up donations by direct debit makes far more sense than trying to change the habits and needs of someone who may be struggling with alcoholism etc.
Genuine guy. Genuine concept. Authenticity, transparency & integrity. That is what it is all about. Nothing but respect from me.
could make money placing advertisements on the ticket, with the target being the benefactor who bought the ticket in the first place. that way the face value is still honoured.
Advertising to specifically the homeless ?! A key target demographic for most businesses I’m sure
almost a good idea.. but it would be an ad that not many people would see..
@@damien7772 Not advertising to the homeless duh, advertising to the person that buys the ticket, to hand to the homeless person. Or advertising to the merchant that the homeless person ultimately hands the ticket to to redeem their goods or services.
@@frankzappaspussy7362 Yes but it would be enough to pay for the business profitability, whilst meaning that every dollar/pound that the generous person spends, ultimately goes to the benefit of the homeless person, rather than the company bottom line.
@@YTGhostCensorshipCanSuckMe i don't know who would want to pay for a tiny ad on an item that only one charitable person would ever see once and with no guarantee of that..
Outstanding young man!
Dragon's den Ireland is soft. They don't undercut or are rude like the bbc one. They always give nice advice and guidance and don't challenge each other
@Alan Cogan IDK maybe that's just the Americans. Maybe Irish people are chilled. All of the ones I've met were great.
Terms of helping the homeless you would appear with no soul if you were to try and steal from it. Dumbass
The Irish are charming people. Not so the English.
@@margkropf5541 i like the Irish.
@@moosesnWoop You do know that Dragon Den is filled with British and not Americans, right? Even from accent alone you can tell the day and night. Even thru currency. Even thru their talking about EU, UK, etc.
Exceptional young man, a credit to your country in Ireland
Amazing and well done-god bless you;)
Great young man! We need more like him.
Wow, this is the best episode of any shark Tank or Dragon Den ever!
The way it works in America with Food Stamps ....
You get $200 in Food Stamps and sell them on the street for 50 cents on the dollar ....
The buyers double Their food budget and You get $100 for drugs ....
I'm sure that will happen in Ireland also ....
Nice little chit chat for 3 mins at the end there after the pitch ended...
Awwww such a lovely episode ❤
I would couple the voucher system with an "account card" of sorts. It would utilise existing infrastructure and create accountability to lessen the incidence of fraud. The value of the voucher would be placed on the card and the card can be used via existing systems. In addition to this people could scan a QR on the back of the card and donate via their bank account or even purchase a voucher and add it remotely.
@velveteyes79 There are always ways to exploit things but we don't toss them aside for that reason. Accountability inhibits the amount someone can scam.
We still use credit cards every day even though they are exploitable. Naive is thinking we can either do away with everything that can be abused or make a system that can't be abused.
@@MissFoxification Their selling point is the belief it can't be abused, which is naive because it will immediately be abused (assuming it ever caught on at all). People claim they'd give more if it were just food etc but if that was true there is already a system to do that - just donate directly to the shelters and soup kitchens.
@@jessicataylor7174 It has far less chance of being abused. My point is that it can be made more secure. If someone's going to abuse it their ability to use the service will be revoked.
@velveteyes79 Typical youtube toxic trash. You can say anything about me, at least I am not as ignorant and hateful as you and I never will be.
@@MissFoxification If it can be revoked that's even more pointless. Instead of giving to someone in need my money goes to a company who just get to keep it. Why take what little choice these people have away from them? All they have is a few quid in their pocket and now we want to reduce its value and their choices even further? It's awful!
It's demeaning enough for someone to be living like that without having to explain to strangers that they need cash not vouchers because they can't get to the store they're valid at and need tampons now. Are the trains going to accept them? Phone credit? Enough shops to allow any kind of freedom of movement? If it's such a huge system they literally just re-invented money, if it's not a huge system they just restricted people who are already at their lowest even more. :(
Great going
Fantastic idea!
The person pitching the card idea will likely get hired by a charity organization to come up with more ideas. If you want to donate to the homeless, then give a donation to a homeless shelter or volunteer at one every once in a while to help out. Most homeless people in my area do get a government handout from my taxes for food and can get things and clothes free or from second hand thrift stores. Personally I donate yearly to the Society for the Prevention of Cruelty to Animals (SPCA) because animals can't pull up their socks and get a job.
AMAZING !!!!
Awesome!!!!!
Today January 2021 I would like to see this panel and show return, the people need it and makes good tv.
I am so proud of this guy and his Smarts.. I live in the Philippines and see this on a day to day basis.. Basically we all do where ever we are! The world can be crawl, what I have done for years is not give money.. But buy actual food for the homeless kids and adults.. Its nice when you walk out of a restaurant or even a fast food place and hand them the food and drink.. Makes them feel special again.. I remember first coming to the Phils and was in McDonalds and kids came to the window where we was eaten and looking in on us as we eat.. It was so sad.. So I asked my partner to go and buy some curly fries and she took them out to them, there smiles was worth more than any wealth in this world.. They felt wealth like we do which is taken for granted!
Well done to the guy 👌🏻
What a top lad 👏
There will be hustlers that will redeem your cards for cash and take a nice cut on that. Or at least thats what i would do.
exactly what I was thinking
A very noble thing to do mate.
They all realized this was a great pr coup 😁
He's got a very kind look in his eyes.
His heart is in right but the concept is completely flawed. A homeless who wants to exchange the card for alcohol or drugs money will find a way. There will always be buyers who would be willing to buy those cards at lower value.
Put it on the blockchain, copy pasting fixed. Give the shops apps to verify the coin. Make the coupon some cents more expensive to pay for the verification
I like the idea and the concept but wouldn't drug dealers just accept these in lieu of cash and then redeem this ticket themselves instead of spending money on, say, food?
Like they can't resale it at a cheaper price and use cash for the good stuff
how many times did he say brilliant
Am i seeing and hearing correctly? Have i just witnessed a real life celtic angel?
If you want to give homeless people money then give them money. If you don't then don't. It's that simple. It's their business what they do with it after that. If anybody needs a drink, they need it more than you do.
I agree. Someone going into alcoholic detox needs a drink not a sandwich. If you only want to provide shelter and food donate directly to the organisations providing those. The judgement of homeless people and assumption we know what they need better than they do is part of the problem. Though well intended, these kind of schemes are demeaning.
@@jessicataylor7174 Yeah, I never even considered there could be actual physical addictions, good point. I just don't see how if he wants to take his two bucks to the gas station for cheap malt beverage so he can feel numb for a second, when his life is shambles worse than anybody--I mean if you are somebody in AA and you don't drink ok, I get it, but if you drinks yourself you're just entitled and inconsiderate.
Truth is there are homeless people who are down on their luck and can get back on their feet for sure, but there's also people that have issues and just aren't ever going to be functional in that way. We got to just you know, ought to let them set up their little communities with tents and gardens so they can at least be as self-sufficient as possible.
@@DrDeathpwnsu I totally agree! These people have so little in their lives including so little control but this scheme aims to remove what little they have. I find it heartbreaking, wasteful and just giving them an extra step to getting what they want/need. Honestly, I hate it! I give money so they have some power to choose. If I want them to have food or shelter I can give that specifically. These are ADULTS and in a really bad situation, I want them to have more not less!
It's demeaning enough they're in a situation where they might need to BEG for help. They shouldn't then need to assert why they need real money instead of 'fake money' because they can't get to the places that redeem them or the trains don't take them or they don't have the tampons they can use etc...it's demoralising to have to justify these things and they're pretty much the most demoralised anyone could be already.
I'd be hard stretched to justify every purchase I make and embarrassed about some. It's degrading. They don't even have a home to live in or people to care if they're okay. They're so vulnerable, demoralised and stigmatised against it is awful to introduce a way they would be further pushed from society when we should be bringing them closer into it. It breaks my heart. I know the kid means well but these people claiming they'd give more if xyz on a survey are full of crap. This is the excuse they use and they won't give it up easily. If they wanted to do more they'd donate directly to shelters etc...they don't because they don't want to. I'd rather give money to a homeless drunk than someone wanting to control them any day!
Sorry for the rant...I've had a few beers but apparently that's fine because I have a home to live in and a fridge full of food! :( xx
@@jessicataylor7174 Bottom line, I think anyone trying to buy homeless people coupons is not doing it because they want to help. They're _willing_ to help, if they get to be judgy and hold something over the poor guys head. I got nothing but disdain for somebody who has the need to passively aggressive get one over on a guy missing teeth with holes in his shoes.
@@DrDeathpwnsu 100%
This is a good idea but it will be superseded real soon. Things are moving fast.
Nice
Great guy. Hope he went on to make a fortune for himself.
Pretty sure this won't work. The predators are too smart for this.
Kid has his heart in the right place and we need to keep throwing things at the wall to see what sticks. I'm not Irish but my city has too many homeless. I really want to see a realistic solution that actually works too.
Actually, i like the busker app idea better. At least the musicians in the subways are providing value for my hard-earned cash.
the Irish entrepreneurial spirit is alive and well as well as the Irish humanitarian spirit. Now spread some of that love to the rest of the world!
Subtitles please
He looks like david beckhams son
What a kid
Totally missed the business plan, it will be depended of donations.
No. People purchase these cards and give them to homeless.
@@KazimHasan321 the cards need to be printed, marketing, PR, promoting etc. Its not free. It will fail.
So... he's invented food stamps. Ok then.
anyone got this guys email?, i want to pass on an idea on how he could totally reinvent his product, but have near 0% chance of fruad
hey mate its actually myself, can you dm me on this? cheers
Barry
I’m struggling to understand through his very thick accent
They would get big tax cuts fot doing this that's why they're doing that xD
ive said it before you got to admire the young man and the business people , dealing with something that shouldnt exist in the first place . what is needed is a change of laws bringing back the death penalty for some crimes and stop wasting hundreds of millions of pounds year in year out housing , clothing and feeding child molesters and other sexual deviants and give the money to better causes theres no shortage of money its just going to the wrong place .
They're so drunk
Brother can you spare a dime?
Here, have this less good version of money that I paid someone else for.
booo poor comment
Lots of people don’t have change and when homeless people sit near shops they feel guilty. They don’t want to go to a cash machine. With this they can just buy some of these coupons at the checkout with their shopping.
@@jennifermae134 Or they could get a few quid cash back or they could donate to shelters by direct debit or they could ask what they want and buy them what they need. There is no need for a 'new currency'. I find it demeaning :(
@@jessicataylor7174 agreed 100% that this is demeaning and not the solution anybody needs.
Damn no comments? I guess I got here too early.
$0.50 for 100% of your 1st comment, after due diligence of course
Both of the above are offering in Australian dollars. I would pay in usd 0.65
I'll buy your whole comment for €1.00
@@mrdefaultynoob I guess it's yours!
Literally cannot understand the entrepreneur...
Get card for free.....,sell for half money value........buy smack.....simples!
Yeah, yeah, yeah, yeah listen closely..
Every effort made to help the downtrodden will suffer abuse. There is no perfect system. Let the cynics sit on their hands.
The effort is being made - and that's priceless. They'll get better in time and do more good than imagined.
Nice idea but to be honest I help homeless alot and simply ask them if they would like Me to get them food and drink or I go buy the stuff and offer it to them.
I get the idea but I feed homeless all the time, I don't need a card to do so. I goes like this
Me - hey mate are you ok?
Homeless - Yes you?
Me - Yes not to bad, I can get you some food and drink.
Homless - That would be great thanks.
Me - How about I get you this drink and this food?
Homeless - That would be really good mate thanks.
Then go get the food and drink and give it to them. Not hard.
He needs a form of crypto wallet to issue
What a lovely boy ..