As per the latest Shark Tank Update, Umaro has a net worth of $70 Million USD. Umaro generates $5 million in revenue annually. Mark Cuban invested $1 million in Umaro Bacon for a 7% stake in the company. In addition to Cuban's investment, Umaro raised over $12 million more from outside funding.Jun 24, 2023. As of 2023, Umaro Shark Tank is estimated to have a net worth of approximately $75 million. The company demonstrates robust financial performance with an annual revenue of $7 million.Nov 2, 2023.
Last offer was worst than the previous offer. Last offer was: 500k credit 12.5 percent interest and 5 percent non diluted shares. Some minutes before mr. Wonderful said that he expects his 10 percent shares will be diluted to 1 or 2 percent when the company will finally reach 50 million revenue. This means that 10 percent of dilutable shares, is actually worth 2 percent. Way less than the 5 percent non-diluted shares. In short, the last deal was worst than the previous offer. If you ask me, both offers were bad. He should have gone for more cash for the 10 percent, say 1 million to skip an extra funding round. Launching a food product in retail space is insanely expensive.
Yea and Kevin said he wouldn't do anything else, but it's amazing what can happen as people (sharks and Hector) just keep pushing the cart up the hill, they do eventually get over! Hope this business continues to thrive and do well!
@@ZanderMunk534 because Lori don't have many channel for distribution shipping Lori can help in retail, but the product itself is 90% about shipping, while Kevin does in shipping business a lot.
@@aimlessdrive8723 you clearly haven't seen any episode.. couldn't be further from the truth... he is the least emotional person on Shark Tank when it comes to making deals..
@@MediaBusterFrankly, Kevin is one of my favorite Sharks. He seems ruthless at times but the guy has class and has helped many entrepreneurs get deals when all the other sharks were out.
@@chambersstreetproductions true but as a shark they don't need to beg like that... if entrepreneurs think they are good choice they will take them.. Mark said the same thing in one episode where two guys have bussiness of sharpening knives.. all sharks went to the hallway and started begging....mark said sharks should have some level of dignity 🥲🥲that's true
*OH PLEASE!* YOU sound feeble. It happens in business everyday, just because a tv producer hires you for a show labeled sjark tank doesn't make you god. *GET SERIOUS!* @sravankumar7880
Ya for sure. I was thinking she came in at 25% so that they could get him to go down to 25% honestly. Not that she couldn’t do it but Kevin has those connections, though Lori was pulling a mark.
She actually did believe in them. She said they didn’t need a shark, just a loan but not give up equity. But yes she didn’t want to see Kevin get 30% of their business.
@@abc13570they just saw Mark as a better fit and he also is giving double the money. Lori would have sky-rocketed them too. Not to the same extent as Mark but still would boost them ridiculously.
Mark is much better with these types of deals I feel. I have no doubt Lorri would be great. But mark is a billionaire who understands building companies rather than product based marketing Which Lorri offers
Its not a matter of the whole "go women" thing its just that Mark offered a million off the bat, no hesitation. They even countered lower and still got him to agree
Yet she waited to take a huge chunk out of their company after telling them they don't need an investor. Making herself sound like the good person in this. Lmao okay there.
@niftysin Bean dip de la Rosa de Los Estados Unidos! I love beans! They are a very good food. I also like to sweep the floor! Sometimes I like to pack lunch for my niño! Thank you for listening to my story!
@@niftysin MEATY KOK WHIPPED OUT AT YOGA CLASS. WOMAN WHIPS OUT A HUGE KOK AFTER SHOWING HER BULGE TO THE YOGA TEACHER! HUGE MEATY KOK BULGE SEEN on LIVE TV
I love the seaweed idea I think thats really good, it is known for how fast it grows right and the nutrients and in ocean I think is more efficient than land, brilliant....
I would like to see Mark let other sharks in on deals with him to round and broaden their exposure as well. For instance a lot of times we may hear Barbara, Damon or Robert indicate that they are not familiar with a space and they bow out. It’d be nice if they got into areas they are not as familiar with by partnering with Lori, Kevin or Mark on more deals.
I think those fish chics missed out. They gave up all the vallue of Chef Wonderful for an extra 5% equity, and the only way to justify that is if Lori provides at least more than 5% less value than Chef Wonderful and I didn't hear any reasons to justify a claim like that.
Lori has value too. as for FishFixe , google it . . . you'll find . . . "How is fish fixe doing after Shark Tank? Fish Fixe is still in business and appears to be thriving, with a robust website and a routinely updated social media presence." "Fish Fixe is worth an estimated $1.8 million." -- which is more than their valuation of $1.3M
Their issues were solely shipping related. They were extremely competent entrepreneurs and business women who knew the field. Every Shark can help with shipping and shes got a huge brand too. Theyll be just as good in the long-run. Its a good and pretty brilliant concept and business run by knowledgeable people, those tend to work out in the end regardless imo.
Fish Fixe made a very stupid decision. A 5% difference honestly based on girl power 😬😮, not saving the 5%. They would have been drastically more successful in Chef Wonderful’s ecosphere. Absolutely zero doubt.
the first pitch….Lori didn’t believe in them in the first place…….and yet they still chose her……sometimes u choose those who believe in you even for a higher stake being given to them cos they will provide all the help they can get to make it successful…..
How a protype without sales is worth 25 million, if people at first is going to prefer the cheaper real thing! 🤔 I value that company generously at a 1000000 at best...
If you get a research grant, you do not personally get it. You and a small team write the proposal. Some get funded. Most don't. Then the institute you work for gets the money while they pay you a salary. For 5 million, you can expect to get 30ish person years of research. So if the project runs for 2 years, 15 researchers would work on it full time. Probably one of the ideas she got, while working on this project, was to use the protein for food purposes.
First of all, SHE didn't get all that money, her institution or lab did. Second, she did both--the fuel (as promised) and then in addition, the protein extraction for food. And that's pretty freaking cool.
Love when people realize that it’s better to sign up with a partner that likes you for the business and the entrepreneurship, rather than « you guys are women and I like that »
"We're two division 1 athletes". And I scored 6 touchdowns in a single game at Polk High. What the hell is there point? You're two FORMER division 1 athletes. Focus on what you have going on now now what you were YEARS ago.
Since you likely never played a sport passed the YMCA, I could see why you wouldn’t understand how that kind of commitment to being a top competitor while maintaining a fantastic academic learning curve, Does your ignorance know no bounds?
As per the latest Shark Tank Update, Umaro has a net worth of $70 Million USD. Umaro generates $5 million in revenue annually. Mark Cuban invested $1 million in Umaro Bacon for a 7% stake in the company. In addition to Cuban's investment, Umaro raised over $12 million more from outside funding.Jun 24, 2023.
As of 2023, Umaro Shark Tank is estimated to have a net worth of approximately $75 million. The company demonstrates robust financial performance with an annual revenue of $7 million.Nov 2, 2023.
He got deluded like crazy after they raised another 12 million
@@justinc3271 Yep
@@justinc3271 "diluted". "Deluded" means one who is under delusion.
Man that last deal was amazing. Like the way how all the sharks came in to make that deal a bit humane 😅💯
Last offer was worst than the previous offer.
Last offer was: 500k credit 12.5 percent interest and 5 percent non diluted shares.
Some minutes before mr. Wonderful said that he expects his 10 percent shares will be diluted to 1 or 2 percent when the company will finally reach 50 million revenue. This means that 10 percent of dilutable shares, is actually worth 2 percent. Way less than the 5 percent non-diluted shares.
In short, the last deal was worst than the previous offer. If you ask me, both offers were bad. He should have gone for more cash for the 10 percent, say 1 million to skip an extra funding round. Launching a food product in retail space is insanely expensive.
So happy that hector got a deal, he seems like a such a nice person makes me want to look for his products
Yea and Kevin said he wouldn't do anything else, but it's amazing what can happen as people (sharks and Hector) just keep pushing the cart up the hill, they do eventually get over! Hope this business continues to thrive and do well!
@@mathprodigy I think Kevin was impressed by the craftiness of Hector's counter offer.
I think Kevin would've done it better for this kind of business (Fish Fexe)
I agree.
Why?
Greed sometimes fail like kevin
@@ZanderMunk534 because Lori don't have many channel for distribution shipping Lori can help in retail, but the product itself is 90% about shipping, while Kevin does in shipping business a lot.
@@ZanderMunk534the chef wonderful platform, he’s a foodie
Kevin always handle it like professional when getting outbid ❤
@@aimlessdrive8723 you clearly haven't seen any episode.. couldn't be further from the truth... he is the least emotional person on Shark Tank when it comes to making deals..
@@aimlessdrive8723he’s the only guy to make offers on these businesses. I’ll let him throw “tantrums”.
@@MediaBusterFrankly, Kevin is one of my favorite Sharks. He seems ruthless at times but the guy has class and has helped many entrepreneurs get deals when all the other sharks were out.
MEATY KOK WHIPPED OUT AT YOGA CLASS. WOMAN WHIPS OUT A HUGE KOK AFTER SHOWING HER BULGE TO THE YOGA TEACHER
@@TruthorfibENORMOUS MEATY VEINY GIRTHY BLACK HOGG BULGE SEEN THRU BASEBALL PANTS
Mark is probably my favorite. I love how he also congratulates them
HUGE MEATY MEXICAN KOK FORCED INTO A BOWL OF SALSA
He is my favorite too omg
He can sometimes be too smug imo
*"You stole all the puns during your presentation, I don't like people that are 'shellfish' so for that reason, I'm out"*
I love Robert. He's such a hype man. 😂
I love how all the sharks helped Tia Lupita guy negotiate.
Lori tried to pull the women card on them and still lost to mark 😂😂lol so satisfying
Exaclt lol. She always tries that but people think she’s innocent
@@getTheSchmackis she
What’s wrong w that? Sounds like she’s basically like every other business person 🤔
@@chambersstreetproductions true but as a shark they don't need to beg like that... if entrepreneurs think they are good choice they will take them.. Mark said the same thing in one episode where two guys have bussiness of sharpening knives.. all sharks went to the hallway and started begging....mark said sharks should have some level of dignity 🥲🥲that's true
*OH PLEASE!* YOU sound feeble. It happens in business everyday, just because a tv producer hires you for a show labeled sjark tank doesn't make you god. *GET SERIOUS!* @sravankumar7880
Robert will always be my favorite shark. The guy is intelligent straight shooter, but you can also tell he has a kind heart.
I think 1st entrepreneurs chose the wrong partner all for the sake of 5%…this is in 100% Kevin’s wheelhouse.
Ya for sure. I was thinking she came in at 25% so that they could get him to go down to 25% honestly.
Not that she couldn’t do it but Kevin has those connections, though Lori was pulling a mark.
@@justinstevenson2061😊
Wrong? They’re worth 3.2 million in less than a year, lori is the greatest shark in there
When Robert spat out the fake bacon 12:15 🥓 😂😂
Haven't seen a bigger gentleman that Kevin after losing a deal. Seems to happen to often, I feel bad for him 😔
yeah for all his "sharkness", he is really a good sport in tank
I feel bad for the individuals that were persuaded by his backing of FTX when not long ago, he was vehemently against it.
He is only human and also allowed to make mistakes. @@KarmaticEvolution
Don’t feel too bad , I’m pretty sure he’s gonna be fine either way !!!
he just knows the equity he wants. he usually won't lower the equity any more than he's comfortable with even if it means losing the deal
Interesting how all the sharks helped the tortilla guy negotiate his deal with Kevin
Barbara is always out😂😂😂. The other time she’s not out, she’s either looking for small deals to seal or looking to partner with other sharks (shyyyy)
I’m so happy Lori came in and saved them from the wrath of Kevin cause 30% is just his greed talking.
Lori's offer was significantly worse than giving up 5%.
Kevin is great
5 percent. He offers better marketing than lorri. Lorri is better with products as she does QVC.
Lol, lori didnt believe in them she just couldnt stamd to see kevin get 30% lol
And then took 25 as though she was an angel 😂
@@mia-mia27 they offered it lol
She actually did believe in them. She said they didn’t need a shark, just a loan but not give up equity. But yes she didn’t want to see Kevin get 30% of their business.
Barbara called. She said she’s out
Lori was so upset when the seaweed company picked marks offer 18:56
deserving for pulling silly woman card, the founders saw through her BS
@@abc13570they just saw Mark as a better fit and he also is giving double the money. Lori would have sky-rocketed them too. Not to the same extent as Mark but still would boost them ridiculously.
Mark is much better with these types of deals I feel. I have no doubt Lorri would be great. But mark is a billionaire who understands building companies rather than product based marketing Which Lorri offers
Mr Wonderful: I won't get out of bed for 5%
Also Mr Wonderful: accepts deal for 5%
Non-dillutable though. If you’ve ever invested in stocks you’d know how gold that is
@@Truthorfib what non-dilutable mean?
@@haroina391 if the company raises more money his share won't be reduced but others will be
@@haroina391 It always be 5% even after rounds of funding
6:50 that "Hhhyyyeahhhhhhh" was so funny! She's like "damn, I didnt want you baldie" LOL
They named a sauce after him lol, I don’t think they hate him.
They just know it's gonna be a long fight and they have to fight against him and his royalties haha. It was an intentional joke.
Its not a matter of the whole "go women" thing its just that Mark offered a million off the bat, no hesitation. They even countered lower and still got him to agree
I loved Lorie because she sees the needs of these entrepreneurs. Kevin is greedy sorry for the word instead of helping a bit he always wants MONEY
Yet she waited to take a huge chunk out of their company after telling them they don't need an investor. Making herself sound like the good person in this. Lmao okay there.
MEATY KOK WHIPPED OUT AT YOGA CLASS. WOMAN WHIPS OUT A HUGE KOK AFTER SHOWING HER BULGE TO THE YOGA TEACHER
@@michaeldoran4367you’re mentally unwell.
Omg I love Tia Lupita Hot sauce especially wit my Chipotle bowl
Something happened between mark and Lorie. Mark always rejects working with her now.
I like how all of them were fixated on the sauce💀
barbara always like: im just sitting here so im out..😅😂😂😂😂
i like how mark always help them of they have a good deal or the sharks are too much hehehe the last one is super nice😊😊😊
We want a new season 🙏🏽
My name is LUPE. I like to clean the bathroom in the mall for FREE. I love beans. They are my favorite food
@@michaeldoran4367 I like apples, grass is green, soil is dry. Rain is nice, how's the air?
@niftysin Bean dip de la Rosa de Los Estados Unidos! I love beans! They are a very good food. I also like to sweep the floor! Sometimes I like to pack lunch for my niño! Thank you for listening to my story!
@@niftysin MEATY KOK WHIPPED OUT AT YOGA CLASS. WOMAN WHIPS OUT A HUGE KOK AFTER SHOWING HER BULGE TO THE YOGA TEACHER! HUGE MEATY KOK BULGE SEEN on LIVE TV
I'm so damn happy for hectorrr!!!!
Choosing Lori over Kevin for 5% was (likely) a major mistake. You get what you pay for 😂
24:38 Daymond is out, surprise surprise
I love the seaweed idea I think thats really good, it is known for how fast it grows right and the nutrients and in ocean I think is more efficient than land, brilliant....
Lori heart is always in everything
Gotta love how the sharks just jump outa the water at some deals and just completely annihilate the other ones lol
When Robert spits your food out just quit lmaooo 😭🤣
0:45 its because good sea food is expensive as hell
I would like to see Mark let other sharks in on deals with him to round and broaden their exposure as well. For instance a lot of times we may hear Barbara, Damon or Robert indicate that they are not familiar with a space and they bow out. It’d be nice if they got into areas they are not as familiar with by partnering with Lori, Kevin or Mark on more deals.
8:56 Lori is a savage, lol
If you clicked this and aren't sure if you want to watch it all, it has boxed fish, seaweed bacon and cactus chips. Now you're all in!
"that will unlock the ocean as our future source of protein" has this women never heard of fish?
fish hasnt heard of them smh
we already have overfishing problems and we can’t farm oceanwater fish
9:00 is a t3 Lori moment fs
Barbara's always out...
Allergic to being in!!!😅
"HAWWT! Its very very hot!" *sips water*
🤣🤣
« Everybody hates Kevins » 😂😂😂😂😂
17:33 me every time something sharky happens.
“I can’t let you give 30%” … *takes 25%*
"there is mister wonderful and then there's Lori.. " 🤣🤣🤣🤣🤣🤣
There is absolutely no plant based meat that taste like the meat. Idc how much ketchup you put on that impossible burger. It taste like dirt.
This is just perfect.
You know the only thing better than seaweed “bacon”?
Bacon.
Kevin is a straight savage on the last one , " My father passed away and im giving it my all ...."
OK 👍
rieososoa
roeososow
That crab cake got me drooling 😅
9:50 How did Lori believe in the company when she out from the start?
I think those fish chics missed out. They gave up all the vallue of Chef Wonderful for an extra 5% equity, and the only way to justify that is if Lori provides at least more than 5% less value than Chef Wonderful and I didn't hear any reasons to justify a claim like that.
Lori has value too.
as for FishFixe , google it . . . you'll find . . .
"How is fish fixe doing after Shark Tank?
Fish Fixe is still in business and appears to be thriving, with a robust website and a routinely updated social media presence."
"Fish Fixe is worth an estimated $1.8 million." -- which is more than their valuation of $1.3M
Their issues were solely shipping related. They were extremely competent entrepreneurs and business women who knew the field. Every Shark can help with shipping and shes got a huge brand too. Theyll be just as good in the long-run. Its a good and pretty brilliant concept and business run by knowledgeable people, those tend to work out in the end regardless imo.
Bffr lori is the greatest shark there😭
I think it was more that Lori believed in their business more whereas chef wonderful seemed semi disinterested and difficult to work with.
It really bugs me on this show how everyone automatically assumes grain free = healthy, or low calorie = healthy
Yea. Theyre mostly nutrition ignorant, only know what information is "trending." More about buzzwords than health.
Why?
That’s so true
People get caught up in the equity when it seems that the right partner with the right experience is more critical
9:13 this face was so funny
First time i see a shark say: you have a deal hahaha normally is the company owner that says it 😂
Those first two women are STUNNING!
The bacon having less protein hurts it bad
Almost everyone i have met in life, doesnt like seafood. Its not that people dont know how to cook it, they just dont like it.
There’s a reason why God told the Israelites to avoid it from their kosher diet. Wise Jesus!
You know weird people.
Crazy how mark can tell that the company is gonna success it’s now worth 70 million
Didn’t McDonalds have seaweed in the Mctasty in the 90’s.
Mark is so rich that the other Sharks look poor in there
Lori tried manipulating tactics on bacon ladies ...
Barbara stop asking questions, u will still say "im out" 😂
Lmao Lori killed me 😂😂😂
Got to love Lorie!❤
Fish Fixe made a very stupid decision. A 5% difference honestly based on girl power 😬😮, not saving the 5%. They would have been drastically more successful in Chef Wonderful’s ecosphere. Absolutely zero doubt.
the first pitch….Lori didn’t believe in them in the first place…….and yet they still chose her……sometimes u choose those who believe in you even for a higher stake being given to them cos they will provide all the help they can get to make it successful…..
After the umaro deal Lori started golden tickets. She really wanted that deal
How a protype without sales is worth 25 million, if people at first is going to prefer the cheaper real thing! 🤔 I value that company generously at a 1000000 at best...
So she gets a $5 million grant for turning seaweed into fuel but she decided to go with protein instead?
The protein tastes better than fuel
If you get a research grant, you do not personally get it. You and a small team write the proposal. Some get funded. Most don't. Then the institute you work for gets the money while they pay you a salary. For 5 million, you can expect to get 30ish person years of research. So if the project runs for 2 years, 15 researchers would work on it full time.
Probably one of the ideas she got, while working on this project, was to use the protein for food purposes.
First of all, SHE didn't get all that money, her institution or lab did. Second, she did both--the fuel (as promised) and then in addition, the protein extraction for food. And that's pretty freaking cool.
17:47 the look of death
I touched my ears with my elbows
Prove it
also 10:00 LMFAOOOO
I get so tried of the buttering up they feel they have to do just because it's a woman pitching.
so the second pair invented Soylent Green?
Not really sure why the investment...it apparently doesnt even taste like bacon
I took one look at these two and I already knew who they wanted. I would have made up some BS excuse for being out, because I KNEW who they wanted.
Which one?
@@dontreadmyprofilepicture8131 Probably the 2nd pitch, they wanted Mark for sure.
Love when people realize that it’s better to sign up with a partner that likes you for the business and the entrepreneurship, rather than « you guys are women and I like that »
man the eye roll when she said she loves bacon I love bacon
Kayne loves Fish Sticks
They dont invest unless Kevin says its smart to do so , he invests in commoditys
Love how lori thought that badass women speach would work here
There's any episode where Barbara makes an offer?
already Mark Cuban
👍🏾👁️👁️👍🏾💰🏦🏀⛹🏼♂️
What are you all eating while watching this? Mine is a chicken salad hoagie with barbecue sauce from Wawa :)
Can someone explain why Umaro got offers? from Mark!?
"We're two division 1 athletes". And I scored 6 touchdowns in a single game at Polk High.
What the hell is there point? You're two FORMER division 1 athletes. Focus on what you have going on now now what you were YEARS ago.
div 1 is a pretty good accolade
Since you likely never played a sport passed the YMCA, I could see why you wouldn’t understand how that kind of commitment to being a top competitor while maintaining a fantastic academic learning curve, Does your ignorance know no bounds?
Lori saw him being too greedy I understand you make money you got money but man that's sometimes greed😢
Robert what do you really think of the bacon
Kenvin believed in it souch he wanted a third lol
lori tried to pull that gender bs and it backfired
3 badass women 😂… Lori thought she was bonding
They were like no scissor for you Lori
Umaro foods knew it wasn't about being a women, it was about business
Holy shrimp :)
I would have been out on that bacon one so fast.