WINR Games

Jeremy Zuckerman, from Toronto (originally from Montreal), asked for $500,000 for 5% of WINR Games, the developer of a mobile gaming app called Big Time that lets users win cash prizes playing free games, using a "free to win" model funded by advertising. The app includes 15 free games, has had over 75,000 downloads, and averaged 5,000 daily players in its most recent week; the company earns two to three cents per daily active user through banner, video and interstitial ads, and Zuckerman said 100,000 daily active users would generate about $2,000 a day to fund a weekly $10,000 prize pool.

Michele Romanow went out, saying the mobile gaming business is a hit-driven, one-off business that makes her uncomfortable investing. Michael Wekerle went out citing his experience in the gaming industry as a tough business. Manjit Minhas went out saying she could not see how to monetize the idea and was not impressed. Jim Treliving went out over the high valuation for what he called a risky investment. Joe Mimran also went out, saying the valuation was too high. No deal was made.

We haven’t confirmed whether WINR Games is still operating.