The pitch
What walked into the Den
Summary Scanner was a mobile app that condensed long passages of text into short, readable summaries, pitched by York University economics student Kevin Chau.
His season 12 ask was modest: $20,000 for a 10 percent stake, which valued the app at $200,000.
After the show
What happened next
Chau left with a piece of Dragons' Den history. York University's own news site reports he took $60,000, three times what he asked, in exchange for a combined 30 percent split evenly among all six Dragons, described as the first time a single entrepreneur closed with every Dragon at once.
The venture looks defunct now.
Our read
The Hub verdict
The math is the story here: a student asked $20,000 for 10 percent and left with $60,000 for 30 percent, split evenly across all six Dragons and billed as the first time one entrepreneur closed with every Dragon at once. Three times the cash for three times the equity is a panel telling a founder he had priced himself far too low. The app itself did not outlast the moment. Its domain now points at a for-sale listing, which is the ordinary ending for a single-feature student app once the attention passes.
A first: all six Dragons in for $60,000 and 30 percent
Worth knowing: A domain now up for sale suggests the app has wound down.
