How Fast Can Swimply Owner Talk In Order To Get A Deal? | Shark Tank US | Shark Tank Global
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- Опубліковано 29 вер 2024
- Bunim Laskin is seeking $300,000 for 5% of his Airbnb for swimming pools, Swimply.
From Season 11 Episode 15
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How Fast Can Swimply Owner Talk In Order To Get A Deal? | Shark Tank US | Shark Tank Global
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The guy in the pool just playing around during the entire pitch is a whole mood. 😂
Seems that the guy has paid 100 for a hour
no it's not
@@tmoney0212 I’m sorry you don’t know what happiness is but I hope you find it some day
@@ManateeMaiden I'm sorry you assume someone's whole life being with one comment, hope you find commen sense one day
@@tmoney0212 if you don’t know what the guy in the pool is experiencing, then I feel bad for you. Maybe that’s a better way I could say it. Also, it’s common* sense.
This company actually blew up. It's now in multiple countries. They do seven digits a month in revenue now. And one couple in Oregon made revenue of $177,000 in less than two years renting out their pool.
wow
Some hosts even have coolers out and let you take drinks and ice cream cones from it. Good for families, little ones love getting those surprises.
Barbara should give everyone who watches this show hope they can make it big. The amount of times she is out of a deal simply because she “doesn’t understand” is mind boggling.
Ya like how do you not understand how great of an idea this. The amount of people I know who would beg to have a pool would do this.
she needs to be replaced with someone who's more willing to invest
FAXS
@@jessecashadid7880 fr she’s out in every episode I watched. 🤣🤣🤣🤣
It’s not that she doesn’t understand the idea. It’s that she doesn’t understand how to make herself money with it, a very fair issue to have.
When this guy was talking I had to check my youtube video settings to make sure it wasn't set on 2x speed. I don't think I ever heard someone talk that fast in normal conversation.
I watched this and I had not picked up on the idea that he was talking fast until the sharks mentioned it .. I must be adult ADD
Now, Swimply operates in the US, Australia, and Canada with 70 full-time employees. Swimply makes an estimated 10 million annually, and the company is worth $30 million.
If I ever pitched an idea, I would start off by saying..
“Barbara.. your out!! No deal!!”
Lori: I fly over and see empty pools. I think there is a need and you have something here. And for those reasons, I'm out.
Barbra: It's also a game of money. And for that reason, I'm out.
This is wild to me that no one wanted to discuss an offer. I wasn't bothered by his fast talking at all and found it quite weird that the sharks really honed in on it at lot. Well besides Barbara who looks for any reason under the sun to be out, he could walk out with a stain on his shirt and she'd be like I just don't like that stain on your shirt so I'm out. Lol but ya I feel like this idea could be huge and given a direction and some fine tuning it sounds like an incredible idea.
I just stopped typing to look it up, and it appears to be doing 7 figures a month currently. So ya I don't understand why they didn't jump on this.
He couldn't develop a website/app/delivery mechanism after multiple failed attempts. He had net a whole $42k while absorbing multi-million dollars of investment without showing much... And he wanted 300K for 5%. Can you really not understand why they didn't jump on this?
@@pyro3rg Not even look at how he would talk with the sharks dude can’t even stop talking to listen to what the sharks say.
@@nofacemechanic2328 To me it sounded like he had too much caffeine.
I honestly feel like u gotta talk fast to answer all the questions they fire simultaneously
@@pyro3rg You look at the idea and invest in that first and foremost, something like developing an app/website is always something you can fix, that's a terrible reason not to invest and not even one that the sharks mentioned. They were against this guy from the beginning and it was a mistake for sure, Swimply's net worth is at 160 Million in 2023. This is a perfect example of getting hung up on numbers without stopping to see the vision.
For a millionaire in his 50s Robert is adorable
They way he tries to speak 😂
he's so into Cuban maybe because they share things in common
I think this is a great idea! In seattle it doesn’t make sense to have a pool year round but in the summer some would die for a pool! This is genius!
I love swimply! Used it 3xs this last summer
I didn’t even realize he was talking fast until they said something. It was fine by my ears
The MVP of this pitch is the dude in the pool.
When I lived in California we had a nice pool. Put so much money into keeping the pool up. Hardly swam in it. This is a wonderful idea. Cause swimming in a public pool that has so much chlorine in it to kill all the bacteria and viruses is dangerous for your health.
I can see the market for this, but two liabilities come to mind:
Drowning: who’s in charge of the pool when a family books and someone doesn’t watch their kids
The family can try to sue the owners and the company if they don’t have insurance or a liability form
Out of control parties:
We’ve all heard about kids signing up for accounts claiming their adults and doing whatever they want, so when a group of teenagers inevitably hear about this they’ll book some random person’s pool, claim it’s only for two or and instead invite everyone they can
Again the owner of the pool and the company has liability for whatever happens during the booking time and if people decide to stay later, then it’s at the owners expense
Guy in the pool was hilarious 😂👀😁
Barbara: "You talk too fast, and for that reason, Im out"
The projections are insane and he is definitely not someone you can work with, but I love this idea. I wouldn't have anyone in my house, but I definitely would use someone else's pool. That sounds awesome
Bro sitting in the pool, alone with the sharks, after the guy pitching walks out alone 😂
The greatest part about having your own private pool is that you don’t have to share it with random strangers and their filth. Theres a reason the 76/80 said no.
😂😂😂 this guys speaks so fast you need to be keen
This was actually a good idea and similar to people who rent out their yards for dogs to run around in off leash!
Idea is great! Like I have a pool my family hardly uses it in the summer bc me and my brother got older. However, his pitch really wasn’t great. He talked WAYYYY too fast, cut people off, like if anyone was considering a deal he wouldn’t stop talking so it was easier for them to back out. Like he was talking so fast I couldn’t process half of what he was saying. He was trying to get every piece of info out that he could instead of focusing on what’s most important. He also seemed too desperate and age has nothing to do with it.
😂He’s the oldest looking 22 yr old I have ever seen.😂
Turns out his potential and reality were nearly aligned! Good for him 👌🏻
Dude didn’t stop talking, let alone talking fast. That was his problem. Stop talking for a minute and listen, then respond. I get he’s trying to make a deal but dude just shut up for a second that’s why they all got out 💀
He actually made it today date he has done 285 million in revenu
That fast talk is exhausting
lol he talked super fast. He was so nervous
YIKES ! Slow down Swimpy dude ! A bit TOO MUCH caffeine !
Crazy how the sharks didn’t jump all over this.
Company worth 30 million now. Should have done it
He speaks too fast
Should get into rap
The Sharks got this wrong. Swimply is a big company now.
Don't pop speed before a pitch...
Huh, I didn't know the guy who does all those "Side effects might include..." disclaimers at the ends of commercials was into app development.
Intro makes Barbra look like Mr.Burns lol
Want to win over Mark? Tell him you did door to door sales, raised the money yourself, and/or are from Texas. Have all three? Let’s do a deal
dude is making bank now
The business is now worth $30 million 😀
Welp he was right. Company is worth $30M now
I see Airbnb aquiring this sooner or later. This has massive potential. From swimming pools, to tennis courts, to training halls, etc.
Sadly Airbnb would just muscle there way in. With a "Pool Only" button. If they bought his company id respect them for that.
You're right, former Airbnb co-founder, Nate, invested in the company shortly after it aired, they are one of the biggest success stories that sharks missed valued at about $30mill YTD
Whole time I was watching, I was wondering how they don't see the potential, then again the guy talks wayyy to fast
@@jaybali1742 It is worth more now, but valuation alone doesn't say anything. How much profit is there to be made is the main issue and I'm sure their Airbnb comparison wasn't just random, because Airbnb hosts have now ran into trouble with lawmaking that finally caught up, basically disabusing owners of their cow-milking game by introducing a number of restrictions and limitations in urban, suburgan and peri-urban areas of large cities, where you would expect the highest traffic for this specific business.
The reason this happened to Airbnb is because this model basically allowed non-commercial establishments (houses, apartments, etc) to become hotels with all the benefits and none of the hassles; that is: controlled environment, health regulations, safety and all the legislation that comes with running a hotel business.
AirBNB's brand is becoming more damaged by the year I don't think so. This may actually end up being more successful than that IMO because people are honestly gonna be a lot more willing to letting strangers in their pool than their home!
@@jaybali1742 I was able to follow how he talked
Now: Net Worth $160 Million
Revenue $29 Million
Profits $5 Million
Lifetime Revenue $70 Million
So the Sharks would not have even made their investment back yet.
@@roberthart1957 no. They wouldve made it back, and then some. 25x
Jew
@@keydos3133they literally would have made $250k so no they still would not have made their money back.
@@keydos3133 No, he wanted 300k for 5%. 5% of 5$ million in profit = $250,000. So, no, they wouldn't have made their money back. And certainly not 25x.
0:40 ,1:25, 2:12, 2:31, ,3:04, 3:39 , 3:54 , 4:53 , 5:25 , 5:40 , 6:11 , 6:21 , 9:32 guy in pool highlights
💀💀
lmaooo idk what to make of your comment😂
Thank you Kanye, very nice.
thank you
don't forget 4:47
Actually, I just looked it up. He has expanded, you can add other options like hot tubs, tennis courts and more. Can't believe the Sharks didn't see this potential. Amazing idea with endless opportunities.
I heard of it a long time ago before this....but yeah it's wonderful. I see lots of people on there renting pools. It's nice...cuz you can even do it for a party - pool party.
They see the potential. The issue is the valuation was too high.
@@taoliu3949 meaning the Sharks determining the potential valuation?
@@cindyarnold7860 Yes, that's how markets work. The buyer/seller has to come to agreement over what they feel the company/product is worth and make a transaction based upon that agreement. If either side feels like the valuation is unfair, a transaction will not happen.
@@taoliu3949 lmao it is worth 6 - 10 million dollars now
Swimply later said the Sharks declined his offer cuz this pitch took place at the start of the pandemic/lockdown. Swimply ended up skyrocketing during the pandemic when everything was shut and people turned to private pools.
So true I used swimply during pandemic!
How did it skyrocket when it's net worth is around 6-10 million? It's far far away from his 289 million projection
@@alex161 In a world where most new businesses fail, I'd say the growth it has experienced is akin to skyrocketing. It is apparently doing VERY well and the fact that his projection wasn't even remotely accurate doesn't change a thing.
I don't think the sharks wanted to work with him because he talked so fast
@@jeffreyjensen1748 Also.
Good for him, he didn’t get a deal but his business was a huge success afterwards.
Now worth $30,000,000
not worth 289 million dollars though! 😂😂
Are you in fantasy land aswell. Joke
Today it's 160
It’s now worth 180
Next year 230 and the other 270 and then it will be sold for a billion to google or aibnb or whatever
This is a genius idea. These sharks have so much money and have seen so much luxury that they take a swimming pool for granted. I’ve lived in apartments my whole life and always enjoyed swimming pools. My only options was the local city pool. There are hundreds and thousands of people like me. This will succeed.
this will never succeed, cuz the founder is delusional to think he will go from 600k to 200+ mil in 3 years....
@@DavidJones-pv8zz lol this is so stupid what you said, you do realise these are old episodes right? this company is now worth 160 million dollars
@@Account-br9kc good for him for beating the odds...i wouldnt have invested in it...too risky/low chance for success....there are 2 styles of investing. VC (venture capital) invests in high risk high reward, Private equity invests in stable low risk investments
correction, there are 10's of millions of people like you if not hundreds. People forget off all the apartment dwellers or all the people with no pool in there backyards. And even if you have a friend with a pool sometimes you dont want to bother them, so it might be easier to spend $300 and have a pool party with no hassle .
I thought so too. I’ve actually been in an exact situation where I needed this. Went to the beach for a day (I live ab 45 minutes away) water was infested with jellyfish that day so I was stuck on the sand with my ex and we didn’t have money to rent a condo or something that would include a pool and we were stuck on google searching for public pools. If you can guess there was no luck whatsoever so we stayed dry that day. Sharks just can’t imagine facing that situation.
Poor guy would’ve made 100 million dollars… so bad the world shut down for 2 years immediately after this pitch lol
He raised 40million doller in funding from airbnb. Some of the people using this app make like 20k usd
He nuts!
@@saibadam In 2021, Swimply closed a $10 million Series A round in 2021 lead by Norwest Venture Partners.
@@shaikwajahathullahahmed1095 yep it was a mistake by the sharks
Speak for yourself. Where I lived only shut down for a couple months!
During the summer in the pandemic I googled rent a pool. Swimply came up. Easy to use and the host was great. Hopefully he’s been successful ever since.
Same!!
I heard of it a long time ago before this....but yeah it's wonderful. I see lots of people on there renting pools. It's nice...cuz you can even do it for a party - pool party.
Cap 🧢
uh.. yah! its like the TOP successful company the sharks rejected ever!
@@norwegiansmores811 top rejected? No that would be the Amazon home camera thing. The sharks were big dummies on that one
My guy was simping for Mark even when he was out and Robert was there still.
how many comments are you gonna leave on this video?
Mark is a tech guy first before he is an investor
@@theindivisible robert is much more tech guy than mark
Robert was going out no matter what
swimping*
Robert’s question about bathrooms was a very good one. That could be tricky
I certainly wouldn't rent a pool from someone who doesn't offer a bathroom. Imagine how many people have pee'd in that pool.
Include Port-a-potty option
I don't understand what's so "crazy" about this idea? People rent out their things all the time. Houses, Cars, Venues. This is a great idea! My girlfriends and I are always renting pools on swimply. We live in the Bay Area so affording a pool isn't possible for two college students.
You have more than one girlfriend
Wow thats crazy
We go to the pool in apartment complex, we don'tlive in. All free, we can go everyday if we like to.
They think everyone owns pools like them
@@sameerolail We did that once security came and called the cops. Didn't end well.
This episode was from 3 years ago lol. Not from today, so yes some stuff is out dated
I'm surprised none of the sharks mentioned/questioned the potential liability issues. That was literally my first concern when he was presenting the idea.
Wow true didn’t even think of that till I read yours
@@soccerboss7924 because in the industry everyone knows that liability can be placed on the users through a terms of use, and what cannot is covered by good insurance.
There is no liability to worry about… that’s what contracts and insurance are for. You can rent a car and crash, you can rent a house and it catches on fire. Liability isn’t the problem
My bet is they know that Uber, Airbnb,...platforms have already proven that Liability Ins. for sharing economy gigs is an actually thing that exists in real life.
I'm sure they did but it didn't make the TV show. These negotiations often go on for over an hour and the show has to cut it down to 10 minutes, so they have to pick the flashiest moments. But I agree the Sharks surely must have asked about that.
Swimply has raised $40M from Airbnb and Lime co-founders and is now looking to expand beyond pools to outdoor spaces in general.
Makes sense. 2 unprofitable businesses investing in another unprofitable business.
The definition of reinventing the wheel
The more $ raised, the less you own. Eventually you end up with nothing
Great I have a campsite to rent and would come on board if he offers those
@@MikeBarbarossa check out Hipcamp, it's basically Airbnb for campsites!
Barbara: “You talk fast and for that reason… I’m out”
I’ve used this app twice in the last 10 months and will most likely use it again this summer a couple of times. It is mind boggling to me what these sharks didn’t understand about this app. It’s an amazing app for anyone that want a to rent a pool for a few hours and isn’t rich enough to own one.
His projections were insane that’s why, not to mention he kept interrupting them it wasn’t even the editing this time you can see by their reactions. You don’t want to invest in someone who won’t let you talk and ask questions initially
I checked out the app. Looks cool but $50 an hour for a pool rental is nuts. I'd rather go to an apartment pool for free and save money lmao
@@Mar-5016 Exactly. If you base your evaluation on only the projections, you are setting yourself for failure. Sharks hate it when entrepreneurs based their company evaluation solely on projections.
@@Oreomilkcookie 50$ an hour isn't that crazy when you have 12 people attending its dollars per person.
@@jokle01 True just not for me i hardly know 12 people, I could see organized pool parties becoming a thing now that you say that.
This company raised 40 million dollars. His vision is actually legit lol. Sharks under estimated him!
Yeah i really like his idea, works like Airbnb. Just need someone to help scale up
That says they're good in raising money, but are they good in making money from the actual app?
If 40 million dollar is attracted to the concept, it shows the sharks messed up…
@@joeysoloway2115 Theranos 😎
@@joeysoloway2115 not true doh. This type of business model needs to raise hundred million of dollars to make say a 10percent profit. Which is 10million for 100million raise. Where if the business fails, the 100million will be gone, and the investors dun get their money back. The risk is bigger than the reward. So if you are like this kind of investment, it’s really like a jackpot you will lose a lot until you hit a huge one.
I think this is a really good idea. An extra income to owners of the swimming pool and convenience to those who would like to have a swim at least once in a while.
Our just go buy you a pool from Amazon for those prices tbh
weird people swimming in my yard? no thank you.
terrible idea
@@lukemndrgn1 some people don’t got time to set up a pool and some people don’t got the space for a pool
@@risitas-po-polsku terrible idea?? What about Airbnb
Wierd people living in my house
What about Uber
Wierd people getting in my car
They all doing good it’s a decent idea
@@risitas-po-polsku Well. Airbnb and Uber made it. NOW IS A GREAT IDEA FOR EVERYONE!✅
He should have heard Robert out. Sometimes the sharks go into competition hearing the other offers. Mark probably would of came back around. But, I think Robert had an offer. Stop focusing on the man with the most money and his status and focus on who's willing to help.
Crazy how the Sharks missed out. He 4,000x'd his business during the pandemic because public pools and beaches all closed. He averages 20,000 bookings a month now
Holy F*******k. How much did he make based off that?
@@masudkhoa3861 💰💰💰💸💸💵💵
@@masudkhoa3861 it was around 40 million.
Seems legit lmfao
Pool business exploded during pandemic and prices doubled and tripled. He hit it the perfect time
Buddy chillin in the pool got me dead with his facial expressions☠️ 🤣🤣
👀
Fr lol, he is vibing
I was wondering if he was on to something😂
One of the biggest misses in Shark Tank history. It totally reminds me of Fredrick Smith's business school professor who gave him a "C" grade for coming up with FedEx. Swimply is an amazing concept that has skyrocketed and will continue to thrive. The sharks all missed out.
He's a smart guy with a lot going on, but seems... Distracted? That might have been their problem
I actually interviewed with him last year for a software role, they reached out almost immediately, "let's get you on the team" then stopped responding for 7 months.....
Not holding anything against him, startups are brutal, but probably stuff like that is what the sharks were worried about. He is(was) new to tech, for example, if he hired the wrong guy to build the stack, he might not literally be able to scale without dumping a few million re-writting it.... And he's already mentioned in this pitch re-doing the website three times.
He probably did this about 6-8 months too early.
Exactly! There was a time getting in a strangers car and having them take you somewhere was really weird! Or having a stranger bring you your food was bizarre! This is the next great idea, and I’m glad to see it’s taking off
They will always be more wealthy than Ben Shapiro. They don't have to work with every great idea when they dont like the person behind it.
@@olorin1710 I don't understand what Ben Shapiro has to do with this?
@@bradowen761 this guy sounds just like him
Not surprised this is doing well. Guys a jew. Lol
Just watching this 2023. I'm fixing up my pool to advertise with them. Brilliant idea and extra cash for me!!!! Love it!!!!
You guys are missing the point.
His idea is brilliant even the sharks agreed to that . The only two reasons why they weren't interested, was bc of his evaluation, they hated that .
And bc they felt overwhelmed and frustrated by him. That's why they named the episode "how fast can he talk to get himself a deal" if he came out humble soft spoken and a normal evaluation he probably would have gotten Mark cuban or Robert !
I hope though that bunims buss. Booms ! Bc he's my friend and I want to see him do well!
u got it
So after seeing this, I just hopped on the website and downloaded the app. This guy is a genius for creating this. Currently getting together a small group of friends to rent a pool for a couple hours this weekend with our kids.
Yeh right LMAO
🤣
@@WindRipples- look at the current status of the business buddy
Very cool 😎!!!
I did the same thing after seeing this ! LOL great marketing for him either way
His projections were a little off.
It's 2022 and Swimply's net worth is $10 million which is still pretty good
Probably didn’t predict Covid
@@bond5275 no one could. Nonetheless the fact he survived and grew despite covid is impressive
@@seeno1 honestly covid could have really helped them, can't go to a public pool? Rent one! Seems beneficial in some ways if they marketed well.
@@seeno1 I mean pandemics are inevitable with carnism.
@@Icex7 even so you can't predict them....
The guy in the pool is having the time of his life
fr i swear every shot they show of him is him just giving the “oh yeah i’m peeing in the pool” face 😂
😂😂😂
I think that dude is like some "famous" extra that's been in like every movie. edit - yep, Jesse heiman
that guy in the pool was the best part of the whole pitch!!!
😂
You can tell he wasn’t phased by the sharks not being interested. He knew he could do it on his own
Bro sounds like the lease and warranty details at the bottom of the commercial
He actually skyrocketed during the pandemic. It did him good better than bad. Good for him
I run my own pool company and I've thought about this exact type of thing before. Sharks dont see it but this is more than potential, its a freaking goldmine. This is a much more sanitary alternative to public pools; which are disgusting.
How does liability work though?
Some will hurt themselves/die in the pool.
I saw a story where people got electrocuted in a pool. In a context like that when it is not your pool how does that work?
@@DanRaidersWarriorsSharksGiants I would assume lawyers thought of that in the terms and conditions and most likely any liability is on the owners of the pool
This dude is smart. I don’t think the sharks saw his potential. He’s definitely on to something. I wish him the best.
He was fine till last shark he got nervous and talked over everyone...I got to look this up. Swimply
He could not communicate his potential. Intelligent but not great in presentation.
his company making 40 mil rn
bro don’t need them sharks 💯 he’s got vision and a plan
His valuation was not realsitic
3:54 The guy in the pool playing with his pool inflatables during the entire presentation is such a mood.
people are missing the point, theyre not saying its a bad idea, the guy just kinda had his head in the clouds about how fast he wanted to grow
I love his passion and vision. I’m glad he’s successful now. They don’t know what they missed out on…or maybe they do? Either way, good for him.
they probably just cringed at the prospect of working with this guy - he seems impossible
@@gss7278 stfu he’s not on anything he’s just overly nervous and trying to get his point across fast because he didn’t have much time to secure an investor.
Just used it for the 1st time....love it and can't wait to book more spots
In 2021, Swimply closed a $10 million Series A round in 2021 lead by Norwest Venture Partners.
*Eminem sweating in the corner*
Are we going to ignore the guy in the pool?
He looked in distress lol
Is he drowning??😂
nah fam he's just enjoying his time. its free real estate
He peed in the pool
I think Barbara has the hots for the guy in the pool.
I'd be uncomfortable going to a strangers property to use their pool while the owner is peeking out the window watching you from time to time. On the other hand I'd be uncomfortable to invite strangers to my house and property not knowing anything about them. Then there is the risk of someone getting hurt and trying to sue you.
I feel that it could be hit or miss with the people renting pools. You would never know what kind of "pool Party" you would be hosting. It could be a drunken frat party,15 screaming kids, or someone just wanting to float and sunbathe. The bathroom situation could be a thing also if there was not a pool house with a bath. I would not want a bunch of wet kids tracking through the house.
People said the same thing about Airbnb and Uber. Look where things are now.
Yeah, in the end, those in need would rather feel uncomfortable than letting the bank seize their properties
@@sreyankanungo7368
People ARE uncomfortable with the idea of AirBnB and Uber - that's why we don't have 8 billion Uber drivers.
Barbara's mother during labour : ahhhhhhh!!
Barbara : I'm out..... 😂
Oh my goodness 😳
@@adedaremayowa1347 what happened 😅
@@bestrong3227 the comment tho! 🙂
@@adedaremayowa1347 😀😀😀 glad that you like it
Damn, one of the rare times the sharks collectively made a bad call. But who would have known! Kudos to this guy, he deserves it!
He would have gotten the deal if lets them speak because nobody wants to work with someone who doesn't listen.
@@intekhabahmad8762 He was only ignoring Robert because robert was so rude to him in the beginning. Honestly, it's a reasonable response to meeting someone and the first thing they say to you is, "Who thought this was a good idea?"
@@MultiPerson555 Also, he wanted Mark Cuban, not robert.
This guy is so sick about what really communication means!!! Would you ever make deals with a machine gun style partner????
Lol. It still doesnt represent who he is. Some people are not just good communicator but works the smartest
What is that supposed to mean?
@@yvesfrancisco7624 so he is a follower not a leader.
@@joynelbonet194 there are other methods to lead. Take a class or two and work in projects
@@nalina1701 Elaborate.
Crazy to me that none of them asked about safety parameters/liability. What happens if someone drowns in your pool while you’re renting it out to them?
My girlfriend is a nurse in an er in New Jersey and a couple weeks ago they had an 8 year old passed away due to drowning in one of these rented pools. Not sure if it was this exact service but it was the same rent out your pool concept. So yea...you’re 100% correct. Not sure if any action was taken against the rental service/pool owner
The actual meeting they have is like 30 to 1hr. I’m sure they must of mentioned it but it just didn’t air
They have a 1M insurance per occurrence just like Airbnb now.
Exactly, this is my concern. Isn't the pool owner responsible if someone drowned in their pool? It's a liability.
@@LV2UXO77 that’s where the company steps in because they will front for the insurance that most ppl can’t afford by working w insurance companies. Turo and Airbnb does the same
I think it's brilliant. I am all in for sharing of spaces and cutting down on creating new entities from the ground up. Share what we have, create new solutions and ideas. I love it! Keep going.
Some of y’all should look at swimply’s valuation and that he raised $40 million at the writing of this. Sharks missed out, but had they invested that time, it would have failed due to covid. He instead continued on a lower scale and then later got a better deal
however too im not sure what the operating expenses are, they could probably have shut down the website during that time and not have to bleed any money. cause they are just borrowing other peoples real infrastructure so it takes their risk out
Evaluation is nothing, it was meant to be worth 289 million by now, Raising money anyone can do.
@@jonathanm2690 yeah it's interesting how confident he felt about his 289 million dollar projection not knowing the world was about to shut down .... a 6 million dollar valuation when your profit is only 20k per year is just insane. I honestly don't blame the sharks for staying out of this one.
@@ricardosoca7380 No it's not, they are a tech company, 6 million is an average seed-stage valuation for tech companies, many of which have zero revenue at that point. Revenue does not matter when valuing early stage tech startups. Potential revenue in the future is all that matters.
@@parker5548
No, it's not. You're stupid. I could say that my startup computer business will be worth 2.13 trillion dollars because that's what Microsoft is worth.
So, should I value my company at that price? Obviously not because there's no revenue, there's no engagement, there's not even any interest, etc.
When someone projects a certain amount of revenue for two, three years in the future, do you know what they base those figures on? PAST SALES.
I don't understand how this is crazy... my friends and I did this a few times and it's great!! We even rented a pool that came with a very nice grill and fire pit. This is a perfect idea for 4th of July parties, birthday pool parties, or just to chill at a pool on a very hot day.
If a Shark had invested on the list terms of this deal, it would currently be one of the highest paper rates of return of any Shark Tank deal. It’s like they totally ignored Airbnb, and compared this to a cupcake mail order biz. But Shark Tank has never been at market for tech deals. People still raise at $6M pre with half a prototype and a PowerPoint deck. 😂
Feel like only Mark is the only one who can really afford it to invest. Everyone else just has a good network=net worth and are not willing to invest their own money. All these guys are pre Web 2.0 ppl so they don’t have the same vision
a 6 million dollar valuation when you're only making 20k profit per year is really a crazy valuation. Maybe if he has valued it at 1 million dollars or something even remotely more reasonable they would've gone for it. I think also this was right when the world started to shut down for Covid.
@@ricardosoca7380 No it isn't bud, learn how tech startups work
@@parker5548 yeah WeWork was supposedly a tech company too... everyone likes to claim they're a tech company
@@ricardosoca7380 who mentioned wework? You’re simply clueless. Thinking 20k profit has any bearing whatsoever in an early stage startup’s valuation…. Lol. Truly clueless
He's a genius, this will be worth millions. Can't believe they turned this one down.
Took him a ton of money and 3 tries and can't even get the website working yet. What kind of genius or problem solver is that? The idea is good, but I don't think he is the right guy for it.
@@TheTttooom What that tells me is that he is persistent and has a strong drive to run this business.
Fail until you succeed
@@TheTttooom So you’re saying he’s experienced failures … never heard of any genius or successful person doing that
Valuation is ridiculous they can't even make a deal with him at that valuation... Second he talks faster than Eminem on crack. Talking at an appropriate speed is important. Nobody will like to listen to a rap God for a business pitch because their brains going to kick into overdrive trying to crunch the numbers while guy is reading 700 words per minute. Great idea, wrong person.. If his valuation was at least 1/4 of that or even less they would probably consider Makin some kind of offer. Also he was very rude. Never be rude to the people you trying to ask money and advice from. That just tells them you don't respect what they have to say.
I have actually looked at this app on the last 2 years, it's a great idea. Sharks missing out. This gives me ring doorbell vibes, sharks passing on a winner
I think the swimming pool idea has value and potential but the guy he needed to set realist goals and he talk way too fast 💨
@@blazecobblestone3774 Exactly. He had two big issues. His evaluation and his projections. In business, projections don't mean a whole lot because things can change in an instant. His evaluation was nuts, 6 mil eval based on projections? Sharks will smell BS instantly because they hate that.
@@oliverdeeley thxs for inform me more
His numbers are off. He told them that current year they would make $20,000 year after they will break even then the next next year they will make $15 million their profit. Doesn’t sound right at all
It worked, they messed up.
Hey I love swimply! Me and my kids use it all the time!
Right now we aren’t making anything but in three years we’ll be netting $286 million.
dang!!
Barb: "I never met anyone faster, and I just don't get it so for ALL of those reasons I'm out" 😑
I’ve watched Shark Tank for years and I’ve always struggled with the investors being such a$$holes to these entrepreneurs with dreams just like they had when they started. I’m so glad to know this guy has grown and is doing awesome because I think his business is genius..
"I think Jesse's peeing in the pool right now" 😂😂😂
I’m legit using this app next month for a pool party!
I actually used swimply before and it was great!!!