Eterneva Has Mark and Daymond Riled Up - Shark Tank
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- Опубліковано 29 вер 2024
- When Adelle Archer and Garrett Ozar reveal that they've already raised a round of capital, the Sharks -- particularly Mark and Daymond -- suddenly change their tune on their diamonds-from-ashes business. They think Eterneva is now limited by that valuation, and it's possible they're just here for the publicity. From 'Episode 3,' season 11, episode 3 of Shark Tank. Watch Shark Tank SUNDAY 9|8c on ABC, streaming, on demand, and Hulu.
Jeff Bezos: Hi my name is Jeff Bezos the Ceo and founder of Amazon and today I am seeking $5 for 99.9% of my company Amazon.
Barbara: I'm out
her instincts never served her wrong
Jan Rosas lmfao🤣💀💀
I didn't see this season but barbara isn't there
Omar Farique only comment to make me lol, thank you
Barbara cant even afford Amazon prime
I’m sweating at the thought of Mark Cuban, Gordon Ramsay, and Simon Cowell being in the same room together
My money is on Ramsay if a fight breaks out.
Jeff Bezos, Elon Musk, Bill Gates, Marc Cuban less gooo
Oh and Barbara for fun
Add Jon taffer from bar rescue and it would be crazyyyyyyy
Is "Simon Cowl" Simon Cowell's masked, superhero alter ego?
Mark is the best investor I have come across, he presents himself so clearly that no one crosses his line, although he seems lenient he isn't.
Also, he always congratulates entrepreneurs who get a good deal, whether from him or someone else.
Last time someone talked about the over usage of drugs in the US on this show. Mark absolutely lost his shit. At that moment I know he is earning dollars at the expense of human life.
Unless you are a mavs fan. As a long mavs fan. I’m nba he sucks 🙁☹️ & that hurts
@@daweeb69 Are you pro war on drugs or something like that?
@@djmaster1995 i don’t think he’s trying to say that, but the pharmaceutical field is a joke.. they profit and kill off the ill and it’s sad, mark and the rest of these sharks invest into the field. A doctor came in presenting an alternative to antibiotics and they all lost their shit and completely discredited a life long doctor.
their mental math is really impresive
Yeah I agree dude, getting quick percentages like that ain’t easy.
Maybe it’s just the editing
@@TariqNavabiGaming yeah each pitch varies but its about 90 min edited down
@@darkorse9752 Ugh. Always one of you. Where do you think you are ? This is a comment section on youtube...
In real time each good pitch takes anywhere from 45 to 90 mins so they have time
Mark: you guys aren’t here to do a deal.
Twenty seconds later
Mark: lets do it! I knew you guys were smart.
That’s not a contradiction. Even if they didn’t want a deal, they’re still smart lol
@@ZombiieNation No, what it means is that Mark ultimately did a deal with them despite calling them out originally.
@@tigera6 because it’s gonna make him money
@@tigera6 Remember that the deals can also be called off once the homework is being done outside of the show. So Mark called them out, they held their bluff. But only the truth will be known after the homework is done.
@@ZombiieNation The point was Mark called them smart because they made the deal and by saying 'I knew you guys were smart' basically meant 'I knew you would accept my offer', which is a contradiction to what he originally said.
I can't believe they got Mark down from 15 to 9%. He's usually the fastest one to revoke
Because he made them happy by not giving up their valuation it’s still 6% for 600k making them worth 10mill they couldn’t go under. But each of the cofounders giving 1% + 1% in advisory makes his equity 9% while on paper not ripping off the other investors. And he got a good deal out of it because he made them give up their personal shares
So the thing is that if a company is too successful and have a high valuation then it’s true they don’t need the sharks and could be doing this for free advertisement but could also be that they do want the connections and the sharks don’t wanna force up that much money. The sharks love having smaller businesses that haven’t sold much so that they can take a bigger piece of the pie due to the situation
I agree they want to be able to have a bigger stake in the company because they know that the small company will grow and they will make a lot of money off of it
@@fancygal444 that's the point , you make it seem like it's a bad thing.
And that's not why they struggled to get a deal , they had other investors who have a large stake in the company and A shark is a multi-million dollar or billion dollar entrepreneur with business experience, has the power of TV and knows most top level executives and can get you in deals a regular schmoe would have to pay expensive fees and do some knocks on doors and cold calling every day just to set up a meeting with those same executives , so a shark is worth their weight because they know what they bring to the table , that's why people go on the show and not a bank . Unless you have a proveable working concept that is revolutionary idea in the tech space , then you can and may get a $1M at 4% valuation , because at that point , any seasoned investor , will put up a spread sheet to see why you value your company at $25M because that's alot of money , which will prompt them to ask you do you know your numbers? Who and how are you selling these to? What's the cost of manufacturing, shipping,price point? And if they don't know all of these and even miss one then that valuation falls a part on live TV with millions of people including potential investors viewing the plusses and negatives of their valuation and business model.
@@S400-i6c stfu acting like u know ur shit
@@rudystraight1750 but I do that's why your upset , you haven't refuted anything I've said with facts.
barbra is out.
no seriously she's out. she didn't come in today.
Super Android genius 🤣
LMAO
The Barb joke is like 5 years too stale by now...
For those reasons...I’m OUT
I dont get it. Did she quit or something?
It's lunch time and for that reason im out.
It’s potty time and for that reason I’m out.
--Barbra
It's nap time and for that reason I'm out
Yet they did a deal with Mark...so they were looking for a deal.
That was the sharks playing hard ball also. Investors don’t like paying what others paid if they bring more to the table
They're always looking for a deal. The exposure is the back up plan.
Spoilers!
Not necessarily. Deals made in the tank mean nothing. See if they actually follow through.
@@MrTiton536 Alright so this is pretty interesting to me because I seem to see a range of responses the more of these clips I see.
1 - Entrepreneur comes in with a very early business or a struggling one. They're desperate for the money, and cook that into the valuation. The sharks mention: "You can't say your company is worth 'what you need'. Your company is currently worth X by the numbers. That's what it's worth. What you're saying to us is: "I need this amount to make this possible, so my company is valued at this amount" which is not right." At this point, the message of the shark is clear: "Your company is worth what it's worth whether I invest or not. If I invest, the future can certainly look different, but don't think your company today is worth what the future possibility is. And certainly don't expect me to pay in at a level reflecting what you think the future will be compared to what the numbers are today. My price into your company today must be what your company is worth today." - fairly clear it would seem.
2 - Entrepreneur has a well established business with good revenue and are not necessarily desperate for the money. They don't ask for an astronomical amount because if they don't get a deal, it's not a horrible outcome for them. They also don't see the need to give a large portion of the company away, so they don't ask for an amount of money that would reflect a large portion of their company. Long story short, this entrepreneur comes in with a successful business that could benefit from a dragon, but doesn't desperately need a dragon, and they offer a fair deal by valuation standards.
When the dragons see this, their tone tends to shift. They never say: "Well I mean, I'd like to take more of your business but based on what you're company's worth today, if I were to take that percentage more, I'd have to give you a lot more money." (the mirror of what they'd tell the struggling entrepreneur). They don't tell the successful entrepreneur: "I'm going to pay you what your company is worth today and together we're going to do great things in the future." Instead they tell the successful entrepreneur: "Yeah your company might be worth this today but don't worry about all that. Think about what I can do for you in the future. I'm going to make this big. Trust me. You want me involved. The percentage I'm asking for now might not seem fair, but I'm valuing what I'm going to do for you in the future and I want a chunk that's worth my time."
So my issue with this should be consistency. If the Dragon (or Shark) is willing to tell one entrepreneur: "It should only cost me what your company is worth today to get involved today, and what we do in the future is up to us, but I don't pay for the future today." then they shouldn't be asking another entrepreneur to 'pay more today' to get them involved because 'the future is going to be so great once I'm in." They should be willing to say: "Your company is worth this, so that's what it'll cost me to get involved. I'll pay the price, I'm in, and if I make this work in the future for us, we both benefit greatly."
Instead the dragons (sharks) seem to arbitrage it hypocritically. When someone is desperate for the money and the dragons get the better deal, they are all about fairness and pure valuation. They don't want to overpay because the company's worth what it's worth. They don't value what the future could look like when paying today. They're very clear on that. However, if they're assessing a successful business and the price they 'should' pay is higher... they're very keen on saying: "Yeah well, I don't want to pay that price. Think about everything I can do for you in the future. I want this amount of the company, etc."
It's a very interesting conversation and I love bouncing thoughts and ideas of this stuff back and forth with people.
Thanks-!
Mark is a beast!
Even Mr. wonderful says that at the end lol
I feel Mark always try to ruin the deals for Kevin for some odd reasons. I believe Kevin is really well seasoned investor, and Mark knows that.
First time I see Mark with a Tie.
And for that reason I 'm out
Her first words: "I mean seriously guys.." I AM OUT! ..who talks like that to investors??
Why would she not talk like that? Not sure how you're imagining business folks
@@YeahBass3k ok, I watched the entire episode. I suppose contextually it was fine how she said it. But nobody with that much influence and power likes to be infantilized with such expressions. ..oh and btw, I am a business owner too.
I wish after the agreement on here they would let us know if the deal got finalized or any tweaks were made
Assuming this just recently occurred, it could take months for it to actually be finalized... But I am really curious myself...
L.C Marie I’m too loool . I just read this article that said “Mark Cuban-backed ‘cremation diamond’ company is a scam, experts say”
@@ThatGuy33121 for real!!???! I'm going to look that up RN, that's so crazy! LOL but entertaining!!!
L.C Marie it takes months for these to air... I’m sure the deal was either made or not within that period though... so who knows
Whatever the case is, you can learn alot from this show.
Mark: I'm not sure you're here to make a deal (but don't worry I'll pull one out from ya anyways!)
"We're willing to negotiate".
*Literally 5 seconds later*
"We'll only go up one percent lol"
In October 2019 a story came out on Page Six Style where a diamond and gem expert said that this company creating diamonds out of cremation asses is a scam, and a scam that’s been around for a very long time.
Ugh. In this video Mark said, I like the idea of taking one of my childs hairs and making it into jewelry.
Obviously theyre not making it 100% out of ashes.
I’m a year late, but I definitely took note of those AMAZING negotiating skills ✨
Everyone sleeps on Kevin but they don’t realize how smart he actually is. Follow him on his social media and he is very honest and straightforward.
so, by that logic, is "everyone" dumb because they dont know how smart kevin is, or is keven just not really that smart and everyone is right?
Barbara: you guys think too much , and for that reason iam out.
They just kept sticking to their valuation
Shark tank seriously should not allow companies simply coming on here for publicity....
Mo Karney
It’s hard to weed that out tho!
@@jojothe2nd607 They used to require that any company that came onto the Tank and ended up being in the broadcast give up 5% of their company. They waived it in the later seasons.
There's usually a lot of money discussed which piques more interests, sharks outrage "are you happy with this commercial" moments yields more interest and ratings, it's good for the show to include them because whatever drama occurs generates more views and clicks.
Barbara called shes out at the moment will be back soon
Mark is the only Shark to take big risk by going low shares
Alright so this is pretty interesting to me because I seem to see a range of responses the more of these clips I see.
1 - Entrepreneur comes in with a very early business or a struggling one. They're desperate for the money, and cook that into the valuation. The sharks mention: "You can't say your company is worth 'what you need'. Your company is currently worth X by the numbers. That's what it's worth. What you're saying to us is: "I need this amount to make this possible, so my company is valued at this amount" which is not right." At this point, the message of the shark is clear: "Your company is worth what it's worth whether I invest or not. If I invest, the future can certainly look different, but don't think your company today is worth what the future possibility is. And certainly don't expect me to pay in at a level reflecting what you think the future will be compared to what the numbers are today. My price into your company today must be what your company is worth today." - fairly clear it would seem.
2 - Entrepreneur has a well established business with good revenue and are not necessarily desperate for the money. They don't ask for an astronomical amount because if they don't get a deal, it's not a horrible outcome for them. They also don't see the need to give a large portion of the company away, so they don't ask for an amount of money that would reflect a large portion of their company. Long story short, this entrepreneur comes in with a successful business that could benefit from a dragon, but doesn't desperately need a dragon, and they offer a fair deal by valuation standards.
When the dragons see this, their tone tends to shift. They never say: "Well I mean, I'd like to take more of your business but based on what you're company's worth today, if I were to take that percentage more, I'd have to give you a lot more money." (the mirror of what they'd tell the struggling entrepreneur). They don't tell the successful entrepreneur: "I'm going to pay you what your company is worth today and together we're going to do great things in the future." Instead they tell the successful entrepreneur: "Yeah your company might be worth this today but don't worry about all that. Think about what I can do for you in the future. I'm going to make this big. Trust me. You want me involved. The percentage I'm asking for now might not seem fair, but I'm valuing what I'm going to do for you in the future and I want a chunk that's worth my time."
So my issue with this should be consistency. If the Dragon (or Shark) is willing to tell one entrepreneur: "It should only cost me what your company is worth today to get involved today, and what we do in the future is up to us, but I don't pay for the future today." then they shouldn't be asking another entrepreneur to 'pay more today' to get them involved because 'the future is going to be so great once I'm in." They should be willing to say: "Your company is worth this, so that's what it'll cost me to get involved. I'll pay the price, I'm in, and if I make this work in the future for us, we both benefit greatly."
Instead the dragons (sharks) seem to arbitrage it hypocritically. When someone is desperate for the money and the dragons get the better deal, they are all about fairness and pure valuation. They don't want to overpay because the company's worth what it's worth. They don't value what the future could look like when paying today. They're very clear on that. However, if they're assessing a successful business and the price they 'should' pay is higher... they're very keen on saying: "Yeah well, I don't want to pay that price. Think about everything I can do for you in the future. I want this amount of the company, etc."
It's a very interesting conversation and I love bouncing thoughts and ideas of this stuff back and forth with people.
Thanks-!
They dont want a deal. Free commercial they got. Sharks are priceless as far as I'm concerned
Some of these businesses have some very high valuations and they don't need the sharks.
Sharks make a big deal someone fights over 1 or 2 percent but when asked to budge in the sellers favor, the sharks all of a sudden act like the cant sway that 1 or 2 percent.
"Let me jump in for a sec... ok I'm out!" Lolol
They walked the line, serious negotiation right there!
I wish they did a deal with kevin. It fits his portfolio.
They totally ignored Kevin. ha!
You're trying to negotiate a deal, that tells me you don't want a deal
"I have a horrible headache, so I'm out"
This product was a scam lol they weren't using the ashes. It was just selling jewels
Daymond: blah blah blah, I'm out
Entrepreneur: yea thanks great bye anyway Mark what do you say?
Truth be told I bet these two flaked on the deal afterwards.. they just wanted television exposure
OK IM GOING TO BUY MY OWN MACHINES IM OUT!!!!LMAOOO
Y’all like to make fun of Barbara, but Lori deadass just went out because “something doesn’t feel right”.
????
Why do they thank them for turning them down? How stupid.
These guys are as sharp are shark teeth’s.
The whole atmosphere just screams distraught n uncomfortable. Like how badly r they being squeezed by their previous investors??
Bow Hello Adele
Oh damn did they make any money during COVID
Jfc I was so sure they would walk out of there for just the publicity
I can't afford a baby, for that reason I'm pulling out.
Black Orfice what the fuck?
@@sunnyarmstrong5109 ._.
😂😂😂
Edward Stone ahahaha
I wouldn't pull out of Lori tho🤔😂😂
This was like negotiating with parents about coming home at 11pm instead of 10:30pm..
Yea except those 30 minutes are the difference between you getting laid or not! So that extra bit is crucial. Haha
@money shifter "The baddies that like getting laid"? Everybody likes getting laid (if you're doing it right). Translation: You never could get laid so it's a moot point.
Look up what 1 percent of McDonald’s would bring you annually. Business is serious. You’re talking about a quarter of a cent sometimes, but the return of it over a ten year span is monumental. This is how you make 10 grand in your sleep.
🤣
Not really. Mark negotiated with them. If he'd been a parent, it would have been a case of "rules are rules." (At least that's what I tell my kids!)
Marc is a genius telling them they didn’t want to make a deal. He basically got them to try to prove him wrong at any cost.
It's called reverse psychology and is a really basic, childish trick. Till you get someone to reduce their valuation by 4 million dollars using that trick. 😉
I think they genuinely wanted a deal, but we’re blinded by the over evaluation from their previous investors.
@@starner00 which they still had during this pitch.
I actually think that they really were there mainly for the commercial. They would make a deal if they could without giving too much, but ultimately they mainly wanted a commercial. then at the end they gave just a little bit more than they had initially been planning, because, like I said, their main focus was on the commercial, but a commercial doesnt work if everyone is mad at you for abusing the tank. So they took a deal just so that the commercial would still work
Thats y he is billionaire
I'm here to represent Barbara, therefore, I'm out.
Lmao
Classic😂😂😂😂
Wahaahahah. Love this.
Stale joke...I’m out
Poor Kevin, that was kind of disrespectful. If you don't like his offer, say no.
This is edited you don't know what they said
it's scripted
@@HumanSagaVault no it’s not
Kevin always just wants money back quik doesnt care about the company. Equity is proof you care abou the company
@@evns7142 Because these are real companies and deals, moron.
Mark Cuban wearing a tie...why does it make me uncomfortable
because it makes him uncomfortable
Hahaha nice one man
Sagar M yes dude I knew something felt off
He looks great in a tie
Mark is the Savage shark even though sometimes he is low-key but Mark is the investor you want. His expertise and capital speaks volumes.
Barbra isn't in this one, and for that reason I'm out
You're SO original...............puke
@@tribzman3977 I'm out
ProjectMoses 😭
She's a nut. No one liked her
For that reason I’m in!
Everyone jokes about Barbara being out..but nobody mentions Barbara was the first Shark to make an offer on this show.
And for that reason she's out
Her one and only 😂
I am here to tell that after she made her first ever deal on the show, she said she's already out
@@19werewolf19 literally was going to reply that
Shocking. Mark hardly ever negotiates those kind of percentages. Normally, if he makes an offer, he'll let you counter, but in this type of circumstance, if he's calling you out, and has made a hard line deal, he'll usually back out of it. I feel like they got extremely lucky.
In this comment, you are using commas, far too often. I'm out.
@@Norsztec 😂😂
@@Norsztec let me butt in here.
I like your point about Mark, NE. It’s witty, intuitive, and studious. You’re a smart guy, good haircut and you have a great pitch. I love your product and your personality. But your profile picture is sideways, NE. And for that reason, I’m out.
@@Pickledfeet165 beautiful
Now you wont know why everyone liked this comment.
this made me lough hard...nice one
Jack Ford 😂
This joke is boring, she does invest many times
Thank god she wasn’t there. That ladies like a witch.
@Suraj Oruganti you mean thank you for your opinion but I'm out barbara.
Mark is a cold ass negotiator. I love the way his no BS attitude works and he stays cool at it still.
I haven’t even started watching the video and I know Barbara is out.
😆😂😂😂
Mark doesnt really care about the money. he likes the challenge this shows bring to him and also when he faces people as smart at this. this show is like a playground for this guy.
No kidding
it's like low risk/no risk gambling
That’s why he makes the show boring
@@billymanziel5666 yeah because he has no drama . and i am watching this show because of him, you can keep all the drama for yourself.
@@areaofeffect100
Yep. He's my favorite as well.
Wow, this was a GREAT negotiation video. It seemed like at any moment the deals could fall through, but both had winning hands: the company gets free advertisement and retains their shares and Mark is still a billionaire. However, Mark played it that if they didn't lower their ask, they just came in for ad space. So he got em just enough to get a solid deal. THIS was a sick video
I know that's what makes this show good
Mark been around Silicon Valley and knows what's up
Although i love mr Wonderful but his offers do get completely overlooked on some occasions. 🤣
facts. it’s because most people look for Mark and Lori, and use Kevin as the “safe haven”
I thought this would be Daymond and Mark tearing into someone for some reason. I was let down to say the least.
Clickbait
@@jamie150741 it's not clickbait you idiot. Nobody ever said they were arguing. I knew right from when I read the title it was gonna be about deals.
@@epichighslowsofhighschoolf3074 I agree with you...Click Bait...I’m out
@@epichighslowsofhighschoolf3074 Literally says the word "riled up" you dumbass. Research that word. This video was a clickbait. Daymond barely even said anything either
If you want to see Daymond and Mark rip into someone, watch the Simple Habit pitch.
They did not end the episode with "Congratulations" from Mark, for that reason I am out.
Kevin: I'll buy my own machines. I'm out. Simple as that. *Cheers from New Zealand*
Their first counter offer was from 5% to 6% what amazing negotiation
Mark has a HUGE EGO, and doesn’t even want to beg and plead with anyone on the tank which is more than understandable, but 99% of the time when Mark calls out an entrepreneur for something he doesn’t like while having a bad mood about it, he makes it clear that his out immediately after. He really really wanted this deal
Its probably his technique tbh, one method in his playbook. He is here to get good deals and if pretending to be a bad mood and pressurize them into making a deal better for Mark then he is doing it
@@Karma-hy6ki Yeah, normally he would have dropped out earlier on
They’re sharks. They know their value. They have businesses coming to them every single deal. I think he’d able to live without making one. The other entrepreneur’s though.. would give up having a billionaire as a partner. Just by having his name in your company brings the value up.
And rightfully so. He's a fuckin billionare
It was a great company, of course he would want in
Hi
I'm Barbra and for that reason I didn't even show up
this just proves my point that mark is the smartest guy in the room crazy how he played it very mentally he could of easily went out but he decided to stick in and challenge them till he gets what he wants just wow.
Why does the title say Daymond? lol Clearly Robert was more involved
Don't worry honey, we don't want all that hard work of yours to go unnoticed.
By the way they want 5% and was having a hard time going above 5%. I don’t think this deal went through. 😂😂😂 I wonder how much % they have in the company.
it did go through
That little twitch on Mark's face at 4:16. He knew they were gonna accept when he took the non-aggressive approach.
There was no twitch
@@garbygarb31 Smirk.
People don’t realize that most of the time when people “agree” to a deal like this, it falls apart during contract negotiations most of the time. Mark talks about it in an interview.
Well, they actually did end up signing in this case, and went on to do another series a round, so clearly they’re doing something right
I recall him saying 60% of the deals make it through.
When Kevin offered his deal, they didn’t even care lol. When Kevin said he was out, they were like “oh yeah, he offered a deal.” Lol
🤣
i felt bad for him XD
Daymond only wants losers or small start ups on the carpet, his comments, not the first time in that matter, are really just annoying.
I think its his excuse for simply not wanting to or having the money to invest in such a big business. When have we really seen Daymond put 600K into anything on the show? He usually makes a bunch of small investments. Riding this fake outrage allows him to get off from ever having to invest big money. I don't think any of them are really comfortable with those big investments, but he is always the one complaining the loudest.
@@cwdoby lol thats not right daymon have made alot of big investment, he have invested 1.5 million dollars before. know your facts bruh
@@cwdoby He's said a lot that he only wants to invest in companies that actually need the help of a shark. He's rejected a few companies that were huge for coming on to the shark when they already have plenty of money. He just wants to help people that need the help, not the ones that are perfectly fine. It's reasonable and admirable.
I would never want to work with Daymond. He constant catchphrase is “I like decisiveness”. Nah, you like idiots who’d suck up to you.
There’s a reason why none of the “where are they now” ever features any of Daymond’s investments. Guy’s niche is in clothing and nothing else
@@MikhailKalashnikovMiG
Who tf where's fubu nowadays.
Don't see them in stores anymore either
I love how mark always snatches the deal from everybody
Mark always finds a way to do a deal..Always!! He has got a bigger vision than other sharks ..no Disrespect to other i love them all ,but yeah this guy !! No wonder he is a billionaire
jony das not really, Mark makes most of the deals so people forget about his losses/success. However, Lori always wins the biggest amongst them.
@@nicelysaid2665 Lori won big with scrub daddy. Cant think of anything else.
"i hate the fact that..." we screened you extensively, knowing exactly what your corporate structure was, just so that we could invite you on the show, clutch our pearls, and pretend to be outraged. i also find your rejection of my lowball offer as proof that you're not serious and you don't really want me on board.
Very well said
@@MisterFoxx You know this how? It's still fake drama either way. You're just shifting it from the Sharks to the producers. And it still doesn't address the whole lowballing and getting all aghast at being rejected.
@@alexshaykevich509 Because Mark Cuban has said before that they don't know anything about the companies and why should they know everything about them anyway? That's not how pitches in the real world work if investors already had a ton of info prior to the pitch. Otherwise, the million and billion dollar deals they passed on wouldn't have been passed on. Think about that. Only the producers know the pitches. You also don't have any proof that it's fake drama. Kinda like I don't have proof that it's not, but I do know they don't know about the companies before being pitched. The sharks are always lowballing people. They're sharks. And they're not aghast, they're just playing hardball. I can tell you don't watch this show often.
@Dan M7 True
@@MisterFoxx This is fake tv drama for views. Real pitches aren't take it or leave it propositions and, yes, investors actually look at as much of the financials as they possibly can. Why wouldn't they? Many of these deals don't actually take place after the cameras are turned off because the real info starts flowing and Cuban or any real business man won't sign a damn thing until he's had a team of lawyers and accountants go over the details. Even if the panel didn't know the details, you've just said the producers did, so they deliberately created this drama for ratings knowing the investors would have a problem with the structure of the company.
Barbara: I'm outie like a Saudi.
Barbara:For no reason and reason of that reason for no reason I am out.
This reminds me of the last episode of pretty little liars when the spencer’s twin said that she turned the ashes of his bf to a diamond, I definitely think they got the idea from there
Ok im gonna buy my own machine that makes this so Im out lmfao Kevin!! 3:40
Shut up, and take the deal, mark is a billionaire he's an amazing investor.
Alright so this is pretty interesting to me because I seem to see a range of responses the more of these clips I see.
1 - Entrepreneur comes in with a very early business or a struggling one. They're desperate for the money, and cook that into the valuation. The sharks mention: "You can't say your company is worth 'what you need'. Your company is currently worth X by the numbers. That's what it's worth. What you're saying to us is: "I need this amount to make this possible, so my company is valued at this amount" which is not right." At this point, the message of the shark is clear: "Your company is worth what it's worth whether I invest or not. If I invest, the future can certainly look different, but don't think your company today is worth what the future possibility is. And certainly don't expect me to pay in at a level reflecting what you think the future will be compared to what the numbers are today. My price into your company today must be what your company is worth today." - fairly clear it would seem.
2 - Entrepreneur has a well established business with good revenue and are not necessarily desperate for the money. They don't ask for an astronomical amount because if they don't get a deal, it's not a horrible outcome for them. They also don't see the need to give a large portion of the company away, so they don't ask for an amount of money that would reflect a large portion of their company. Long story short, this entrepreneur comes in with a successful business that could benefit from a dragon, but doesn't desperately need a dragon, and they offer a fair deal by valuation standards.
When the dragons see this, their tone tends to shift. They never say: "Well I mean, I'd like to take more of your business but based on what you're company's worth today, if I were to take that percentage more, I'd have to give you a lot more money." (the mirror of what they'd tell the struggling entrepreneur). They don't tell the successful entrepreneur: "I'm going to pay you what your company is worth today and together we're going to do great things in the future." Instead they tell the successful entrepreneur: "Yeah your company might be worth this today but don't worry about all that. Think about what I can do for you in the future. I'm going to make this big. Trust me. You want me involved. The percentage I'm asking for now might not seem fair, but I'm valuing what I'm going to do for you in the future and I want a chunk that's worth my time."
So my issue with this should be consistency. If the Dragon (or Shark) is willing to tell one entrepreneur: "It should only cost me what your company is worth today to get involved today, and what we do in the future is up to us, but I don't pay for the future today." then they shouldn't be asking another entrepreneur to 'pay more today' to get them involved because 'the future is going to be so great once I'm in." They should be willing to say: "Your company is worth this, so that's what it'll cost me to get involved. I'll pay the price, I'm in, and if I make this work in the future for us, we both benefit greatly."
Instead the dragons (sharks) seem to arbitrage it hypocritically. When someone is desperate for the money and the dragons get the better deal, they are all about fairness and pure valuation. They don't want to overpay because the company's worth what it's worth. They don't value what the future could look like when paying today. They're very clear on that. However, if they're assessing a successful business and the price they 'should' pay is higher... they're very keen on saying: "Yeah well, I don't want to pay that price. Think about everything I can do for you in the future. I want this amount of the company, etc."
It's a very interesting conversation and I love bouncing thoughts and ideas of this stuff back and forth with people.
Thanks-!
I feel Laurie on this. this is sort of weird
Weird business which makes and will make a ton of money though.
mark always congratulates whoever gets a deal love that
No he doesn’t
That was some impressive negotiations. And I should know, my nickname is _The Negotiator._
Obi-Wan Kenobi General Kenobi.
Fauve Stan Hello there
The zoom in on his face at 2:10 is hilarious lol idk why
Even though Barbara is not there, she is still out of this deal
I hate ABC, but damn i love shark tank
2:10 - ” I also have an offer”
*intensifying Zoom in*
Robert is always the reasonable dude.
Gtfoh, can’t even do 15% or even 10%! U came to gold dig and use the platform, I would be out and kick them off the show.
Is she related to Justin Trudeau?
Barbara called, she said shes out.
Why does Mark always beat Mr. Wonderful on negotiations or let me pit it this way... why do most people always keep Mr. Womderful away for Marc Cuban?
Because let's be honest, Kevin is kind of a psychopath who only cares about how to make himself more money. His offers usually suck and I bet he isn't a very good business partner. There is a reason Mark is a billionaire.
Sharks take advantage of people with higher than normal asking percentages. So, even if they were there for a commercial exactly what a shark would do.
I’m so freakin annoyed UA-cam won’t recommend the good American version but only that Australia crap!! I have to manually search for find videos and they still won’t recommend me the USA version... FUCK UA-cam ALGORITHM
diamonds from ashes, has been a thing for quite some time now. there was a nice gentleman from the UK who had his queens ashes put into a diamond shaped heart and it became the official jewel of his estate. when he died he gave away all of his possessions except for that diamond heart with his queens ashes in them, he left instructions IN HIS WILL that he wanted the diamond smashed, melted down again mixed with his ashes as well so that him and his queens cashes would be bonded together for all eternity.
Nothing visible is eternal
@@gbelanger139 so is your mom
Everyone’s talking about Mark but Robert had some good points, even if they did piggyback off Mark’s
A lot of comments are copied from dragons den
They didn't negotiate with Kevin at all...
He was left out