I've been a US shark tank and Dragons Den CA and UK follower since the beginning. I must say, the Aussie version is an absolute joke. Steve especially, with "where ya from mate". They are not sharks, more like mice. Should be called Broke Mice Tank, because they got no money.
@@-MikeyK- you do know he's worth more than hundred million dollars right? The ladies are...mheee tho. Still in their 8 figures. I wonder if he steve just wants to support "aussi" entrepreneurs if u know what i mean😉
@Barney Stinson There's "non-materialistic" and then there's "entirely clueless". Example: when this goofball's equally "Dope" (a noun and/or verb misused as an adjective) and "Relaxt" (not a word at all) dimwit of a father gets lost on his way home and/or forgets how to breathe (he has *_no idea_* what is in a contract wihch he presumably signed? Is this man for real...?!), I can only assume that juvenile Dad Mk II will have "No Worries" (incorrect capitalisation) while he skateboards his way into starvation, hm? The pair of them have absolutely no concept of how to prioritise cold, harsh reality over 'cool' but hardly essential leisure pursuits, and to be honest I can hardly blame Naomi for quite evidently wanting to have her (no doubt very expert) lawyers pull the infamous mystery-shrouded contract to pieces and rewrite it... and probably in her favour, too. Then again, since she appears to be keeping the daft father-son duo in stock (and probably food, too), one can hardly expect her to do it for free... no matter how "Dope" either of them may or may not be. Sheesh.
The catch is that she didn't agree to partner with him. She put him under her debt, so he has to pay interest. The Red Woman (I know her name, but no one in these comment sections ever seem to use it) took advantage of another poor bloke and he thinks he's getting a deal.
Being able to invent doesnt mean they will be any good at business, only takes a couple of fast talking lawyers making it sound like the best deal he could ever wish for and with no other backing he took the deal so his invention was patented, pity its this grill company thats got the patents though, he was well and truely shafted, at least with a dragon he might get a better deal.
Unfortunately corporations take advantage of this kind of lack of business savvy. They were probably like, “hey! Give us this and we will handle all the distribution and all the complicated stuff and you just sit back and collect money! You don’t want to have to deal with all the stress, right? Trust us”
addy bishop He let them have the patent. He doesn’t own anything except the Australian distribution rights. This is his own fault for not getting legal and business advice first. It’s too stupid for words.
What we ALL just witnessed was a guy coming to the realization that he got swindled. And then be completely oblivious to the fact that he is getting swindled again....
Well uh. In the words of the great statesman George W... "You fool me once... uh... hehe... you fool me... you fool me once, we don't get fooled again!"
@@SgtJoeSmith They have business issues so they try to get on the show to get investment and most importantly advice and mentorship from 5 very successful business people. I don’t really agree with businesses and stuff, I think they put profits over human lives but this show is really entertaining
@Hi person reading this he did say he needs the money just to manufacture enough boards for australia alone. so she has zero risk in giving a loan and if the lawyer succeeds(paid by the enterpreneur) then she converts to equity on top of it all
I actually know these boys personally, I won't go into detail but Naomi lead them on for a year, and then changed her mind and never gave them anything. Pretty lame
@@Coryw133 She was probably hoping they could renegotiate the horrific deal they had already made prior to coming in, they kinda screwed themselves and then came in hoping to get an investment for a compromised product...
@@booognish This was a number of years ago, so my memory may be skewed, but I do recall she regularly made contact, with no intent of changing the contract, there were delays and then she disappeared. When his NDA agreement with the studios expired, he uploaded the story to all social medias in which it was constantly being reported/deleted.
I love the way the video clip will replay a scene 3 times. It really helps me remember what was said the first time. They should up it to 12 times. Makes the show way more enjoyable to watch with connnnnnnnstant repetition. Repetition. Repetition. Repetition. Repetition.
They got so rinsed by that company. I mean he could try in court to argue prior artwork and want of understanding, I think any reasonable judge would see that he was hoodwinked here and should grant him his IP back. Also if he is named on the patent the company has basically indicated he is the inventor already. Take it back dude. You'll have a fight on your hands and it may get bloody but you should at least try because you were proactively cheated.
dericofdorking many will take on a winnable case (I think this would be) on a no win no fee basis. Many lawyers do this now because IP law is big bucks.
Thomas Alsum that’s one way of looking at it. The other is that he was actively misled and manipulated. This happens. And most judges if it’s clear and provable this is the case and today it usually is because we have email paper trails for pretty much everything today. So it really depends. If you’re right then yeah suck it up. But there are many vampires and trolls out there who steal things and judges have legal instruments at their disposals to overturn many of these things. If he was legitimately conned and the other party was wilfully acting in bad faith. Then he deserves some justice. But yeah it might be a case that he signed and didn’t give a crap. In which case you’re right expensive lesson. Basic fraud on the other hand is a different case altogether.
Matthew Olsen I’ll have to rewatch the video to remind myself it’s been a while. I think the guy was maybe naive for sure. But that doesn’t mean the company wasn’t predatory and manipulative. In which case there may be a case that they were lying by omission or misrepresenting their offer.
Surfer movie or not, there is an amazing irony in a goofy surfer named after a land locked state that is the home of one of the most straight laced religious groups in the US.
If the contract is too one sided and he wasn't represented by an attorney, he could probably get the contract dissolved. What a dummy for signing that contract and not understanding it.
this thing looks pretty fun to ride, but I wouldn't want bindings. looks like they would ad a huge risk multiplier without adding very much capability.
this woman in the red dress makes some dodgy deals. They didn't even negotiate the level of interest they would have to pay her. She sees the weakness in people and uses it against them!
Am I the only one who feels his social media presence is extremely low as far as followers for a corporation? Side note, I’ve never seen it here in the US but it’ll be interesting to see if it takes off.
Not at all, it is a very small social media following. I hope to see the 2wheelboard in the UK because I'd definitely purchase one. Where I live our pavements/side-walks are very uneven, so skateboarding can be a little more difficult. I recently purchased a skateboard to make it possible for me to hold/grab onto the rear handles of my partners electric wheelchair, in order to 'save my back' whilst walking. Unfortunately I'm not able to use the skateboard because I have to start from a very slow speed which results in the board stopping at even the smallest imperfection in the pavement surface. The 2wheelboard's two wheels would effortlessly traverse the pavement surface (including block pavement, tiles and pebbled concrete/tarmac).
sirplantain if you can’t get this I know there are a few all terrain wheels made for skateboards that are relatively popular out here. (Can’t speak for what’s available out there but should be able to order from amazon or some larger online retailers). There’s two basic kinds that could really help you out. One looks like a regular skateboard wheel (generally slightly larger though) but made from a much softer polyurethane so it absorbs the shock of changing surfaces. The other looks like the kind of tires you would see on a remote control truck or a construction vehicle. It uses the same principle of car tires and has pockets of air and are made of very flexible rubbery materials. (Looks a lot like what they put on this two wheeler) I’m not an expert but these are types I’ve had friends try out. I’d give them a try on your own to get used to them a little because they don’t ride quite the same. Tend to be bouncier so they aren’t made for certain tricks but would be great for your purposes and should be pretty easy to put on your existing board. Sorry this is a little long but I hope that might help! There are some UA-cam videos trying some so you can see what I’m talking about. Good luck :D
@@addybishop308 No worries about the length of the reply mate, I appreciate your response :) I'll have a look into replacing the wheels on my skateboard with the type of wheel/tyre you suggested. I'll let you know how I get on. Thanks again!
@@sirplantain you can get them at totallyboard in the UK sold by a compamy called grilled. The boards in this vid aren't made buy this guy anymore he went bust.
Why do people think they can show up selling a business that relies on a patented product without actual ownership of the underlying patent? It’s always such a cringe moment when they reveal they aren’t the patent holders.
yep, and want 20-20% of his company. I`m a brit and much prefer the Aussy version, the sharks are so much nicer, more moral, willing to help, not so up themselves and fun.
He thought a $10 royalty per board would make him a multi millionaire, because 30 million skateboards sell per year and this guy got caught licking his lips thinking “hey if we can sell that much I’m rich!”
@WESYM Credit cards are for personal credit. A business bank loan has different rules and differ according to the type of business venture. Service businesses can be granted loans easier than product businesses, which need past sales and growth.
Steve @5:51: "I so wish you'd came and seen me before you signed that contract." Cut back two months and we see the entrepreneur on the phone. "Hello, Steve? My name's Demitrias Rejtano and I'd like to talk with you about a contract I'm about to..." Click. "Hello? Hello?"
Or the son was just a bit nervous and anxious and therefore had trouble regulating his breath? He seems like an active kid, I think he was just nervous.
Modern day artists/musicians hear over and over again "DO NOT SIGN A CONTRACT!! until you had a good lawyer read it over" but it seems inventors don't get this advice as often
Many forms of art and music have very low overhead. For music, you need an instrument (or several instruments). Once the "product" is made, replicating it is super cheap and easy. Inventing a device requires sculping, modeling, testing (to the point of failure), making new models and molds, etc. Every failure costs money. Every subsequent attempt costs money. With music and art, as long as you don't sell the instruments, you can try and try and try again. So inventors get desperate for a cash influx and sell away rights.
@@---cr8nw the real expensive parts of making music are studio time (if you don't have your own) and marketing/promotion. and then there's travel costs if you're a touring/live musician. idk if replicating a successful song is easy, but I don't think it's the best idea. If you're the type of artists that makes the same song over and over again, your fans could lose interest. let's say you make 5 songs and want to test and see which one could be a hit, you're going to be promoting 5 songs, and if you're very lucky, 1 of them will make a ROI. each of those unsuccessful songs costs money. saying that it doesn't costs more because you still have the instruments is like saying the inventor isn't spending more, because he keeps using the same hammer and screwdriver.
I'm not saying selling away rights are always a bad idea, but you should always have an attorney look over that contract, so that you don't end up in a situation where you're trying to sell something that isn't yours to sell anymore.
I'm glad Naomi offered her help because it seems like this guy just didn't know how ruthless the business world could be and put his faith and trust blindly into that US company and he got a terrible deal in return. Hopefully Naomi helps him sort it all out and get on a good track
Music Producer: So Boss...you want me to make a soothing calm background music while the sharks make the deals? Executive Director: Have you ever seen the movie 300?
Yep. All they have to say is "no, thanks." Or, even worse, they'll see the market trends and sales data and figure out that there's no more money to be made and sell him his rights back.
The guy at the end literally always sais "i'm out" I swear to god he could just be like "I forgot to brush my teeth this morning, and for that reason i'm out"
And by Her too, the one that never invests or brings any offers in any good businesses. this must have been one the producers said to her you never make a deal or offer so the next guy is gonna get a deal from you or we bring in a shark that Does invest and brings offers in good ideas sometimes instead of letting everyone think you don't have any money that's why you're Always out. And Sure, karma came hard for her 😂
Jesus, he doesn't own the patent???!!!! There is a reason why we went to law school and not all of us are mercenary shysters. My clients are ordinary, little guys like this man. He needed an i.p./corporate barrister there in Australia to go sit in that American boardroom, read that crappy contract and tell him not to sign it. I would even have waived the application and filing fees just to get his name on the patent. And it would have been registered with WIPO. Worldwide. Smh
Commercials and Market Advertising for a "New Sport" isnt gonna be cheap. Dont think there would ever be a return on investment if it did turn into an equity deal. He has one big loan to fill. 😮
I think Steve is building his own database on where everyone is from.
i thought i was the only one noticing how every single time he asks where they are from
Can you imagine Peter Jones asking where everyones from then saying "Cool Mate"
I've been a US shark tank and Dragons Den CA and UK follower since the beginning. I must say, the Aussie version is an absolute joke. Steve especially, with "where ya from mate". They are not sharks, more like mice. Should be called Broke Mice Tank, because they got no money.
Thats how he made his money
@@-MikeyK- you do know he's worth more than hundred million dollars right? The ladies are...mheee tho. Still in their 8 figures. I wonder if he steve just wants to support "aussi" entrepreneurs if u know what i mean😉
He was tricked by a US contractor to name his son Utah
Underrated comment
Thay called him long neck
Dallis McClintok Classic Aussie stitch up
Maybe he named him after Johnny Utah.
And this got 666 likes too
His kid is learning so much about how not to do business.
That's why he is gonna be a non-materialistic skater and a Dude that is Relaxt and Dope so he has No Worries when his dad screws it all up for them 😂
@Barney Stinson
There's "non-materialistic" and then there's "entirely clueless". Example: when this goofball's equally "Dope" (a noun and/or verb misused as an adjective) and "Relaxt" (not a word at all) dimwit of a father gets lost on his way home and/or forgets how to breathe (he has *_no idea_* what is in a contract wihch he presumably signed? Is this man for real...?!), I can only assume that juvenile Dad Mk II will have "No Worries" (incorrect capitalisation) while he skateboards his way into starvation, hm?
The pair of them have absolutely no concept of how to prioritise cold, harsh reality over 'cool' but hardly essential leisure pursuits, and to be honest I can hardly blame Naomi for quite evidently wanting to have her (no doubt very expert) lawyers pull the infamous mystery-shrouded contract to pieces and rewrite it... and probably in her favour, too. Then again, since she appears to be keeping the daft father-son duo in stock (and probably food, too), one can hardly expect her to do it for free... no matter how "Dope" either of them may or may not be. Sheesh.
@@NellSmith too much going on right here
They are not being sold or produced anymore ..... after all that hype !!!
@@possiblystupid2603 your "callback" or "name" if you like, would tend to confirm that !!!
The Sharks here in Australia are so nice. The show should be called DolphinTank
Eames Ho
Kangaroos pouch?
Dolphins are a**holes
Bob 1 that was a magnificent pun
Dolphin Bank
Dolphins are rapists
I don't understand why anyone would like to be a business partner with anyone that says:
- What does the contract say?
- I don't know.
Or at least have it with you in a meeting to bring in a partner.
to rinse them of all they can like the US contractor did
They can't do nothing without him
The catch is that she didn't agree to partner with him. She put him under her debt, so he has to pay interest. The Red Woman (I know her name, but no one in these comment sections ever seem to use it) took advantage of another poor bloke and he thinks he's getting a deal.
Seriously! He doesn't even own the patent.
Steve every episode ‘gday mate where are you from mate
Response: any part of australia
Steve: cool I’m out
Haha
🤣 pretty much!!
If it’s closer to Queens he’ll invest
Actually 😂😂
He is the Australian Jenny
I’m unclear how someone is smart enough to create a product and then literally gives it away to someone.
I hope others watch and learn what not to do.
Being able to invent doesnt mean they will be any good at business, only takes a couple of fast talking lawyers making it sound like the best deal he could ever wish for and with no other backing he took the deal so his invention was patented, pity its this grill company thats got the patents though, he was well and truely shafted, at least with a dragon he might get a better deal.
He gave away his business for peanuts. He is screwed.
was he high on australian weed when he gave away his invention for a 10$ royalty per sale of the board
Unfortunately corporations take advantage of this kind of lack of business savvy. They were probably like, “hey! Give us this and we will handle all the distribution and all the complicated stuff and you just sit back and collect money! You don’t want to have to deal with all the stress, right? Trust us”
addy bishop He let them have the patent. He doesn’t own anything except the Australian distribution rights. This is his own fault for not getting legal and business advice first. It’s too stupid for words.
What we ALL just witnessed was a guy coming to the realization that he got swindled.
And then be completely oblivious to the fact that he is getting swindled again....
I saw that too, the litterel moment of realisation was caught in camera perfectly, poor fucker.....
@@EZ-D-FIANT X 3
🤣
Well uh. In the words of the great statesman George W... "You fool me once... uh... hehe... you fool me... you fool me once, we don't get fooled again!"
@@raymondf2570 "come on man, you know.. the thing.."
I have hairy legs, legs that turn bad dude in the cornpop was blonde in the sun!!
He’s a surfer. He probably named his kid Utah after Johnny Utah (Keanu Reeves) in Point Break.
Good call man! Hahaha so true ☺️👍
@@CastIronNest skaters do that aswell it just feels natural
Utah! Make it two!
@anonymous R.I.P.
@anonymous
Keanu Reeves is legit the worst actor going. Patrick Swazi’s character Bodi Zeffer was sooo much cooler then Keanu’s in Point Break.
ALWAYS get an attorney before signing a contract. This is really sad. Great idea bad paperwork.
It’s beyond sad. He gave away his business and patent for virtually nothing. Very foolish.
Or actually read it...
He's an inventor not a business man
That's #1 reason businesses fail. They have a great product or service but don't know how to market it. And don't understand business.
Hey usually are. And that’s how they get got.
@@SgtJoeSmith And then that's why they ask the Business people on Shark Tank for help
@@coastaku1954 cause everyone with a business or idea gets to go on shark tank. right?
@@SgtJoeSmith They have business issues so they try to get on the show to get investment and most importantly advice and mentorship from 5 very successful business people. I don’t really agree with businesses and stuff, I think they put profits over human lives but this show is really entertaining
Is no one gonna point out the fact that for once, the woman in red was the only one who made an offer!
@Hi person reading this he did say he needs the money just to manufacture enough boards for australia alone. so she has zero risk in giving a loan and if the lawyer succeeds(paid by the enterpreneur) then she converts to equity on top of it all
She actually makes really good offers when she does offer. She doesn’t usually rip off entrepreneurs
This is literally what I was looking for in the comments 😂
She's after the D
"They cant do anything without me" except rebrand and sell it in the US..because they have the patent.
Naomi actually did these guys a favor. Hope he gets the patent and contract sorted out.
shes definitely thinking outside er box.
Probably the one and only time she did a good offer on ST
I actually know these boys personally, I won't go into detail but Naomi lead them on for a year, and then changed her mind and never gave them anything. Pretty lame
@@Coryw133 She was probably hoping they could renegotiate the horrific deal they had already made prior to coming in, they kinda screwed themselves and then came in hoping to get an investment for a compromised product...
@@booognish This was a number of years ago, so my memory may be skewed, but I do recall she regularly made contact, with no intent of changing the contract, there were delays and then she disappeared.
When his NDA agreement with the studios expired, he uploaded the story to all social medias in which it was constantly being reported/deleted.
I love the way the video clip will replay a scene 3 times. It really helps me remember what was said the first time. They should up it to 12 times. Makes the show way more enjoyable to watch with connnnnnnnstant repetition. Repetition. Repetition. Repetition. Repetition.
Its edited that way to allow for commercial breaks when shown on TV. Whomever uploaded it to UA-cam was just too lazy to re-edit the original clip 😂
Agreed
Agreed
Agreed
Agreed
Agreed
Agreed
Agreed
Something something "repetition legitimizes" Adam Neely joke lol
Make sure you get ya fifth booster shot!
What a kind offer! The shark knew he was tricked but willing to rescue the business from falling is amazing! Hope also they win the legal battle!
To be honest that board looks like it is very well engineered and handles good.
Me too!!
They got so rinsed by that company. I mean he could try in court to argue prior artwork and want of understanding, I think any reasonable judge would see that he was hoodwinked here and should grant him his IP back. Also if he is named on the patent the company has basically indicated he is the inventor already. Take it back dude. You'll have a fight on your hands and it may get bloody but you should at least try because you were proactively cheated.
Lawyers are too expensive
It was his mistake to sign it without full understanding. He is an adult and learned an expensive lesson
dericofdorking many will take on a winnable case (I think this would be) on a no win no fee basis. Many lawyers do this now because IP law is big bucks.
Thomas Alsum that’s one way of looking at it. The other is that he was actively misled and manipulated. This happens. And most judges if it’s clear and provable this is the case and today it usually is because we have email paper trails for pretty much everything today. So it really depends. If you’re right then yeah suck it up. But there are many vampires and trolls out there who steal things and judges have legal instruments at their disposals to overturn many of these things. If he was legitimately conned and the other party was wilfully acting in bad faith. Then he deserves some justice. But yeah it might be a case that he signed and didn’t give a crap. In which case you’re right expensive lesson. Basic fraud on the other hand is a different case altogether.
Matthew Olsen I’ll have to rewatch the video to remind myself it’s been a while. I think the guy was maybe naive for sure. But that doesn’t mean the company wasn’t predatory and manipulative. In which case there may be a case that they were lying by omission or misrepresenting their offer.
No one is talking about how this kids name is Utah but he dresses like hes from new york in the early 2000s
How does somebody named Utah have to dress?
@@MrJamberee flannel no sleeves, trucker hat, staw in mouth jorts... the home made jorts though..
@@rhythemandpoetry with a bottle of mt dew and a fat dip lip
Why can't people dress like early 2000s?why can't you eat rice with chopstick? Dumbass
@@WhosThatPokemon2024 wooosh
It looks like naming his kid after a state wasn't his biggest mistake
He named him after a character in Point Break... that happened to share a name with a state
Surfer movie or not, there is an amazing irony in a goofy surfer named after a land locked state that is the home of one of the most straight laced religious groups in the US.
Fair play to Naomi for offering the deal. She's becoming my favourite shark, although I do like Andrew as well, top bloke.
Janine is trash
Steve is pretty good too
The Americans saw this guy coming from a mile away
the fact he doesnt even know what the contract says, it shows how easy it was to screw him out of his IP. What a bozo
so true but was seeing $$$$ after pulling figures out how many skate boards are sold in USA
Australian shark tank "mate you should hear everyone elses deal"
American shark tank "you allowed barbera to breath im out cause you're stupid"
That was extremely generous of Naomi. God bless her
Meet Steve.
Occupation: Full time flabbergasted. 😂
If the contract is too one sided and he wasn't represented by an attorney, he could probably get the contract dissolved. What a dummy for signing that contract and not understanding it.
As an American, I love this show. I wish our sharks were as concerned with jobs in the US...
this thing looks pretty fun to ride, but I wouldn't want bindings. looks like they would ad a huge risk multiplier without adding very much capability.
this woman in the red dress makes some dodgy deals. They didn't even negotiate the level of interest they would have to pay her. She sees the weakness in people and uses it against them!
Well did you see them sign a contract yet? Nope so he can easily back out
they sort out deals after even on normal deals they often back out
She pretty much gave him more debt on a product he doesn't own. That 10 dollar a board he gets will now go to her.
I think she wants to get to know him better. 😄
Hmm.. Sees the weakness ..takes advantage......kind of like.. A shark?
How unfortunate, he didnt think through about it prior to signing the contract,
Wanted the fast money
Am I the only one who feels his social media presence is extremely low as far as followers for a corporation?
Side note, I’ve never seen it here in the US but it’ll be interesting to see if it takes off.
Not at all, it is a very small social media following.
I hope to see the 2wheelboard in the UK because I'd definitely purchase one. Where I live our pavements/side-walks are very uneven, so skateboarding can be a little more difficult. I recently purchased a skateboard to make it possible for me to hold/grab onto the rear handles of my partners electric wheelchair, in order to 'save my back' whilst walking. Unfortunately I'm not able to use the skateboard because I have to start from a very slow speed which results in the board stopping at even the smallest imperfection in the pavement surface. The 2wheelboard's two wheels would effortlessly traverse the pavement surface (including block pavement, tiles and pebbled concrete/tarmac).
sirplantain if you can’t get this I know there are a few all terrain wheels made for skateboards that are relatively popular out here. (Can’t speak for what’s available out there but should be able to order from amazon or some larger online retailers). There’s two basic kinds that could really help you out. One looks like a regular skateboard wheel (generally slightly larger though) but made from a much softer polyurethane so it absorbs the shock of changing surfaces. The other looks like the kind of tires you would see on a remote control truck or a construction vehicle. It uses the same principle of car tires and has pockets of air and are made of very flexible rubbery materials. (Looks a lot like what they put on this two wheeler) I’m not an expert but these are types I’ve had friends try out. I’d give them a try on your own to get used to them a little because they don’t ride quite the same. Tend to be bouncier so they aren’t made for certain tricks but would be great for your purposes and should be pretty easy to put on your existing board.
Sorry this is a little long but I hope that might help! There are some UA-cam videos trying some so you can see what I’m talking about. Good luck :D
@@addybishop308 No worries about the length of the reply mate, I appreciate your response :) I'll have a look into replacing the wheels on my skateboard with the type of wheel/tyre you suggested. I'll let you know how I get on. Thanks again!
@@sirplantain you can get them at totallyboard in the UK sold by a compamy called grilled. The boards in this vid aren't made buy this guy anymore he went bust.
Theres a different version of this thats essentially the same except it doesnt have the snowboard boot holders
Am I the only one who can’t hear a thing what the dad is saying??? Is like he’s mumbling and eating up his words.
yes
This is probably the best thing Naomi ever did on the show. Hands down.
Why do people think they can show up selling a business that relies on a patented product without actual ownership of the underlying patent? It’s always such a cringe moment when they reveal they aren’t the patent holders.
There are bunch of business with owners not the parent holders.
If those started showing on shelves in the US. I'd definitely buy one. They look fun as hell!
Bruh if this was on UK dragons den they'd tear him apart
yep, and want 20-20% of his company. I`m a brit and much prefer the Aussy version, the sharks are so much nicer, more moral, willing to help, not so up themselves and fun.
Aussies aren't egotistical cunts that's why lol money doesn't make you better than others if you think that then you wouldn't fit in here
So true
@@zebmcgrath6682 stfu this is a business youre talking abt its all about money
He thought a $10 royalty per board would make him a multi millionaire, because 30 million skateboards sell per year and this guy got caught licking his lips thinking “hey if we can sell that much I’m rich!”
If he had gone to United States shark tank he would have left that room with his tail between his legs.
They would have ripped him to shreds.
He could have just gotten a bank loan and then not have to worry about giving up any of his company.
Unless you make decent money most banks refuse to give you even a $100 loan lmao
azmanntoz yes but think of the publicity he got from this and the expertise of a shark
he seriously needs a business partner
@WESYM Credit cards are for personal credit. A business bank loan has different rules and differ according to the type of business venture. Service businesses can be granted loans easier than product businesses, which need past sales and growth.
This is one of the coolest and most useful things I've seen on this show thus far.
He ain't a businessman if he doesn't understand wt he is getting into.. i hope everything gets sorted for him.
As a snowboarder and longboarder I would love to try that!!
How to lose your son's respect in 10 minutes
Im not gonna lie, i would buy this any day
Wait a sec, Naomi actually made a deal.
That isn’t supposed to happen
Need exceptions to prove the rule.
No rights to distribution in the USA and the USA owns the patents? Hopefully they can get some juice from this deal. Otherwise, he's effed.
Steve @5:51: "I so wish you'd came and seen me before you signed that contract." Cut back two months and we see the entrepreneur on the phone. "Hello, Steve? My name's Demitrias Rejtano and I'd like to talk with you about a contract I'm about to..." Click. "Hello? Hello?"
I been skating for 18 years, never seen something like this but i want one of these 2 wheel boards
Finally, a skateboard I can ollie
But seriously, the profit margin is $150, but the inventor is only getting $10/each? That was a terrible deal
I'm gonna order one make sure I get it from Australia
After like 50 videos this is the first time I've seen the red dress lady make an offer.
But was it a good idea to let the son speak of the things it can do when he was out of breathe
Or the son was just a bit nervous and anxious and therefore had trouble regulating his breath? He seems like an active kid, I think he was just nervous.
They literally gave away their business !!! 🤦♀️ I hope they make tons of money from something else!!
He's the concrete ninja!!!!
Rubber wheels and exposed wheels are a dumb combo
Modern day artists/musicians hear over and over again "DO NOT SIGN A CONTRACT!! until you had a good lawyer read it over" but it seems inventors don't get this advice as often
Many forms of art and music have very low overhead. For music, you need an instrument (or several instruments). Once the "product" is made, replicating it is super cheap and easy. Inventing a device requires sculping, modeling, testing (to the point of failure), making new models and molds, etc. Every failure costs money. Every subsequent attempt costs money. With music and art, as long as you don't sell the instruments, you can try and try and try again. So inventors get desperate for a cash influx and sell away rights.
@@---cr8nw the real expensive parts of making music are studio time (if you don't have your own) and marketing/promotion. and then there's travel costs if you're a touring/live musician.
idk if replicating a successful song is easy, but I don't think it's the best idea. If you're the type of artists that makes the same song over and over again, your fans could lose interest.
let's say you make 5 songs and want to test and see which one could be a hit, you're going to be promoting 5 songs, and if you're very lucky, 1 of them will make a ROI. each of those unsuccessful songs costs money. saying that it doesn't costs more because you still have the instruments is like saying the inventor isn't spending more, because he keeps using the same hammer and screwdriver.
I'm not saying selling away rights are always a bad idea, but you should always have an attorney look over that contract, so that you don't end up in a situation where you're trying to sell something that isn't yours to sell anymore.
I'm glad Naomi offered her help because it seems like this guy just didn't know how ruthless the business world could be and put his faith and trust blindly into that US company and he got a terrible deal in return. Hopefully Naomi helps him sort it all out and get on a good track
So basically a skate board for people who can’t skateboard
Can you take a skateboard on sand, snow, dirt, grass etc...? Oh you can’t? Oh so it’s not a skateboard for ppl who can’t skate 🤡
@@TheMrBMH lol relax
Steve is a great, he understand that Inventor doesn't know anything about business and explaining business term to him , really admirable
Can't wait for an update.
Music Producer: So Boss...you want me to make a soothing calm background music while the sharks make the deals?
Executive Director: Have you ever seen the movie 300?
😂😂
They shafted him hard on the patent,should of been more cautious.
That final shark is one amazing bastard. Warmed hearted.
ALWAYS READ YOUR CONTRACTS!
Always understand your contracts or get some one who does 🧐☯️
That was a beautiful deal, offered by Naomi. What a woman!
did he really say he wanted to rewrite the contract when he starts talking with other countries? He signed those rights way
Yep. All they have to say is "no, thanks." Or, even worse, they'll see the market trends and sales data and figure out that there's no more money to be made and sell him his rights back.
The USA lawyers own this guy by the balls I bet he accepted their contract without looking at it as fast as he accepted her deal
Heck I wanna buy one! I’m a skateboarder and a snowboarder this would be fricken awesome to ride around!
Lol they own the distribution rights and patent in the US. Wtf!
Thats the "Concrete Ninja".
5:49- me when the teacher asks me a question
My kids would LOVE this.
I think it’s a great idea.
Shame he signed off on the patent 🙈!
Oh man.
I’d love to see things get really good for him.
The guy at the end literally always sais "i'm out" I swear to god he could just be like "I forgot to brush my teeth this morning, and for that reason i'm out"
7:15 unbelievable! who in their right mind would want to invest in a guy like that?
And by Her too, the one that never invests or brings any offers in any good businesses. this must have been one the producers said to her you never make a deal or offer so the next guy is gonna get a deal from you or we bring in a shark that Does invest and brings offers in good ideas sometimes instead of letting everyone think you don't have any money that's why you're Always out. And Sure, karma came hard for her 😂
He’s to business-dumb to try to screw her out of anything.
Very cool product from its appearance to its purpose.
Grilled sells these starting for $349 usd... $10 royalty sounds bad
If it takes off... 10$ a board for not doing any work what so ever....
@@curtisbaker4325 It hasnt taken off though. Whatsoever.
4:37 HEADSLAP* no no no..... i cant believe what i just heard. light a candle in church for this man.
This looks like quite a cool little toy.
I love naomi she genuinely cares
Shit I thought of this years ago when I was a kid..damn so many things I've thought of ..just everyone beat me to it lol
This is nothing else...but rather less...than a snakeboard... really...
it didnt go anywhere, their website is currently for sale
Lol did anyone else hear Naomi say “congratulations gorgeous” 😂 so I guess you got to be hot to get the queen of not investing to invest
Personal taste is a thing, of course, but: the only way to make that bloke "hot" would be to barbecue him... :D
Nell Smith I didn’t say I thought he was hot.... she clearly thinks he’s hot.
Jesus, he doesn't own the patent???!!!! There is a reason why we went to law school and not all of us are mercenary shysters. My clients are ordinary, little guys like this man. He needed an i.p./corporate barrister there in Australia to go sit in that American boardroom, read that crappy contract and tell him not to sign it. I would even have waived the application and filing fees just to get his name on the patent. And it would have been registered with WIPO. Worldwide. Smh
Put a motor on it , then I'll buy one.
I love your videos!
I feel so bad for this dad, his sons just watching like darn
Steve:hey mate were ya from 😂😂😂😂 always
Lol a onewheel has half the wheels but infinitely more going for it
Where can I buy one? They look like a lot of fun.
The way Australians upspeak at the end of every sentence is maddening.
Naomi really has a crush on this guy with his fatherly goofish but surprisingly buff demeanor
Commercials and Market Advertising for a "New Sport" isnt gonna be cheap. Dont think there would ever be a return on investment if it did turn into an equity deal.
He has one big loan to fill. 😮
Remember the one time Naomi actually made an offer? When we least thought she would. She actually showed heart.
He went for the get rich quick scheme i think & regrets it now 😅
Make it a 10% royalty on all gross sales then you can say that is worth while.
Wait how does he give away his invention
The manufacturer owns the patent not him through the contract he signed.
do they even sell these anymore? i can’t find it
Never sign a contract. Contracts are never a positive.
False
Very false.
False x3
Any person that says this I never wanna do business with. They're the ones that will always bring out a bad situation
This guy is one of the best concretors ! As well as inventor !