Musi

Aaron Wojnowski and Christian Lunny, both 19 and from Winnipeg, Manitoba, asked for $125,000 for 15 percent of Musi, an iOS app that streams music content from YouTube and SoundCloud, letting users build playlists and play audio in the background with the screen locked, unlike watching directly on YouTube. Launched free on the App Store in 2013, Musi had about 750,000 downloads, was nearing its millionth user within three months, occasionally ranked in the top 1,000 free apps in the US App Store, had earned $30,000 in ad revenue with roughly $600 to $650 per day in profit and a daily growth rate of seven to eight percent, and ran on operating costs of about $25 a month for one server; it remained a side project alongside the founders' other jobs.

All four other Dragons made offers: Michael Wekerle offered $125,000 for a third of the company, Jim Treliving offered $125,000 for the requested 15 percent, Manjit Minhas offered $125,000 for 25 percent, and Michele Romanow offered $125,000 for 20 percent. The founders accepted Joe Mimran's offer of $125,000 for 15 percent equity, which also included a commitment of an additional $75,000 if needed and access to his private equity firm's digital investment expertise.

Musi is still operating and sells through its website.