For those who are unaware. Mark Cuban has a pharmacy in Tx that offers people like me, stricken w severe cancer, a low cost avenue to get our chemotherapy medication. Although I didn't win my war against the disease and will succumb to it, I am so deeply thankful an individual like this is out there helping the desperate sufferers Mark deserves more recognition for the work he quietly does ! Thanks Mark❤
Yeah even if it's a "Premium product" they're selling it at over 5x what it cost to make. They could drop the price by 2-3 dollars and still claim it's premium (Because it would still be more expensive than a bottle lol) and still make a bunch of money.
@@CovenantArmada Well, there are a lot of stuff that have ridiculous price markups where people are still willing to pay money for. 5x is actually not a lot considering that businesses have lots of cost to cover.
One thing I think is severely limiting this product is it’s lack of versatility while I can use ketchup on a burger or sandwich I can also use it on fries chicken nuggets ect this product essentially takes a working concept and limits it.
They had no idea how seasonal their business is. It’s basically a summer-only product. Without understanding that, they probably created inventory and forecasting challenges
That makes sense. Such a stupid idea. Most condiments are shelf stable anyways with the amount of sugar, salt and acid. Not to mention preservatives too.
@@lostasadorespr every person on tv are satanic and has joined satanic forces for the coming of the antichrist,you can get rich if you join them very easy
Such a terrible product, I mean sauce does more then just add taste. It can make the texture of food seem juicer and less dry. Good luck doing that with dehydrated sauce.
@@theintrospective255 Just because its a good idea doesn't mean anyone needs it. He's saying that from a business standpoint. A roomba for example, Nobody needs a roomba. You have a broom, or a mop, just like you have regular ketchup,
Update: *The deal with Alex never closed.* The company website and social media accounts have been dormant since 2019. They are no longer on Facebook. Their homepage says, “Coming soon to a grocery store near you.” *It appears this business is on its way out.*
The funny thing is here in Germany there was a tv show in which someone who had a background in the food industry (development of sauces, instant noodles and all that) was challenged to recreate common food products. In one episode he had to recreate this exact kind of thing: ketchup slices. When presented with the slices he had to laugh because he originally developed them like a few years ago. Why no one ever heard of sauce slices before? They were usually used for microwave burgers. I wouldn’t call microwave burgers a rich people thing and most definitely not a premium product 😅
If its not cheaper than what people pay for with the bottles, then its not a replacement. This item is destined to fail unless they can get their price lower than how much bottles cost. If they can do that without sacrificing taste and quality then I can see restaurants and fast food places buying it simply because it would be cheaper to ship.
@@moemoe-jb2fw you can literally look it up and see they went out of business…You do realize businesses fail all the time, doesn’t mean the owners will go homeless. You must not be using your brain because your reply was pretty embarrassing.
No surprise to hear that they are out of business. They opted for an offer that was giving away 3x more equity than Kevin's offer. Not only that, but they actually made fun of Kevin's offer. What is wrong with these people?
I agree with you both. Kevin's offer was way better - way less equity, and the royalty was only 10 cents which wouldn't have hurt the cash flow. No one ever even counters Kevin.
Such a niche product. Even camping or picnicking or whatever you can simply get smaller bottles and the whole mess free/soggy buns is such a minuscule problem compared to what you lose in texture and taste of sauce. This would only be good for toddlers.
Most people use sauce to “help” a dry burger or sandwich- I get that; but, the concept of this may be similar to that of a starburst. Think how watery your mouth gets when you eat one of those or a fruit rollup and neither have water in them. Now, consider the same affect while eating a burger due to this slice of sauce 🤷🏻♀️ I’d absolutely buy it to try it, but imo- Barbara was right that the price point for 8 sandwiches is steep vs buying a whole bottle of sauce that can last for months. Although they use quality ingredients, you can purchase a bottle of sugar-free organic ketchup for the same price and it will last longer.
I honestly feel like when Kevin really believes in a company he offers simple equity deals but when he sees a huge risk he offers royalties it’s a loan shark move but it’s to protect his money
A not needed product. I am surprised that any of the sharks wanted in on this deal. Alex must have seen the error of his ways and the deal didn't close.
That sounds so nasty 🤢 Basically it's like when I leave ketchup or mustard on my plate and forget to wash it so it dries. And for that "delicacy" they charge 10x the price.
You’re taking the cheapest part of a sandwich, the condiments, and you’re making it the most expensive part. A giant bottle of store brand organic ketchup is like $3. That’s enough for like 100 burgers. Or I can spend $6 for enough ketchup for 8 burgers. That’s literally 25 times more expensive. And ketchup has so much sugar it’s fine out in the heat all day once opened. Too often people don’t realize that most of the country can’t afford to spend 25 times more money for some convenience.
You could just buy regular ketchup, squeeze it out on a pan, put it out in the sun or an oven on very low heat, and when it dries cut it into sandwich sized squares and wrap it in saran wrap. I don't know why, since the product sounds nasty, but if it's something you crave that's a way to get it for cheap.
Team doesnt know anything otherwise they would have found something better to sell.. probably that woman was driving it with her emotional attachment to ketchup
I wouldn't be surprised if the packaging is one of the highest expenses. 8 slices are $6, but maybe they could do 25 slices for $7 or 100 slices for $8. It would be foolish to do 1 slice for $5. My point is, you have to figure out what quantity is the most cost effective for the customer at a reasonable price per unit and per purchase.
Great idea, but I'd only be in if it serves the masses and not just the premium market because it just costs too much, for me personally, I LOVE IT WHEN MY MAYO, KETCHUP, BBQ SAUCE or whatever the case may be, is drizzling down my burger or sandwich, there's nothing I dislike more than a dry burger or sandwich. 🤔
Barbera: I have a very important reason why your business is not investable. The packets you offer are square and I think most people would prefer round..so I'm out.
This has been done by a restaurant before, they call it ketchup leather (see Buzzfeed's Tasty The Best Burger I've Ever Tasted episode) and it's just tomato ketchup dehydrated. Some people have dehydrators and ketchup is cheap. The prize is just 😒
Too pricey for an 8 slices only. I'm surprised they got 3M valuation. And after learning the deal never closed, I though Mark could get it out there and make more aggresive strategies.
This is literally the *worst* idea for a sandwich. Sauces and other viscus condiments add moisture and lubrication to a sandwich. They're an integral part of what makes a sandwich great. It's no surprise they went out of business because this is genuinely awful unless you're just trying to add the flavor in addition to a traditional sauce. Otherwise you've just created the driest sandwich in the desert.
I agree with Lori. It's ridiculous that they spent 500k on this already and haven't sold a single unit. I mean, the competition is a tub of ketchup. I wouldn't even buy this ahead of the ketchup
Many starting entrepreneurs failed to understand, and therefore failed to calculate, the cost of the problem. You can’t possibly hope people will buy your product if the price is bigger than the cost of the problem. The entrepreneurs in the vidz tried to circumvent by saying that it’s a “premium product”, well you can actually calculate the cost of “premium need” too, there several method you can learn for free scattered in the internet
This is such a terrible idea. On the surface it's interesting, but some things in society just can't be evolved and condiments are one of them because people are SO particular with how they eat it. Some people like it on top of their food, others like it separate. Not even to mention this is only applicable to burgers and not fries and other foods. Asking the world to view ketchup differently is so unrealistic. They should've started small and opened a restaurant where this is an item that comes with burgers. And if there's success, then open up more restaurants.
$5.99 for 8 slices is, excuse my language, fuc**ing nuts. People flip their sh** for paying a dollar more for their milk and eggs. No one is going to pay $6 for basically an 8 use bottle of ketchup.
For those who are unaware. Mark Cuban has a pharmacy in Tx that offers people like me, stricken w severe cancer, a low cost avenue to get our chemotherapy medication.
Although I didn't win my war against the disease and will succumb to it, I am so deeply thankful an individual like this is out there helping the desperate sufferers
Mark deserves more recognition for the work he quietly does !
Thanks Mark❤
Stay strong bro 💙
You're brave
No shame in "losing" to this terrible disease
Any updates please? 😢
God bless you 🙏🏾
This price is just criminal 💀
Yeah even if it's a "Premium product" they're selling it at over 5x what it cost to make. They could drop the price by 2-3 dollars and still claim it's premium (Because it would still be more expensive than a bottle lol) and still make a bunch of money.
@@CovenantArmada Well, there are a lot of stuff that have ridiculous price markups where people are still willing to pay money for. 5x is actually not a lot considering that businesses have lots of cost to cover.
One thing I think is severely limiting this product is it’s lack of versatility while I can use ketchup on a burger or sandwich I can also use it on fries chicken nuggets ect this product essentially takes a working concept and limits it.
I think you can look at it like cheese. You have slices for burgers, and you have dips and sauces.
If you're wondering what happened after, the deal with Alex never closed. The company's out of business.
That's a bummer
Too bad 😢
They had no idea how seasonal their business is. It’s basically a summer-only product. Without understanding that, they probably created inventory and forecasting challenges
Shame, it's a good idea/product. I would be a customer, and I'm sure others will be too.
That makes sense. Such a stupid idea.
Most condiments are shelf stable anyways with the amount of sugar, salt and acid. Not to mention preservatives too.
Barbara's the smartest one here. Went out immediately.
i meaann she does that every single time so
She always goes out immediately
More like the outest one
Never thought I would hear those words used together in a sentence
He's being sarcastic guys ....
Imagine using these at a party and someone takes 2-3 slices because they want extra ketchup. That’s $4 worth of ketchup
Hahahahah, I like the way you think boy
2:31
8 slices = $6
1 slice = $0.75
So that guy that wanted 2-3 slices (2.5) just cost you about $1.88 not $4
and?
Well they were making the product themselves I am sure if the deal had closed they would have gotten the price down
😆🤣😆
"I don't believe in magic, so therefore I'm out." Sometimes Barbara outdoes the comment section herself
Can you grab me a slice of ketchup while your up.. 😂
They are all into magic, secret societies and the occult. That's were their riches come from.
@@lostasadorespr no more crack for you
@@lostasadorespr every person on tv are satanic and has joined satanic forces for the coming of the antichrist,you can get rich if you join them very easy
@@acrylicren9297 LMFAOOOOOOO
For 5.99, I would rather get a couple of pounds of tomatoes and make my own ketchup. Are you kidding me.
Lol 😂
W comment
Heinz Ketchup is looking too good right now.
🤣🤣
Premium sauce leather 🤣🤣🤣
Such a terrible product, I mean sauce does more then just add taste. It can make the texture of food seem juicer and less dry. Good luck doing that with dehydrated sauce.
Lol
Or just don’t cook your burger well done
Exactly what I thought
Such an amazing product. If your burgers are dry, you don't know how to cook burgers.
Stop eating dry garbage
"Nobody needs sliced ketchup." - Mark
😆 🤣 😂 😹 😆 🤣 😂 😹 😆 🤣
1:44 also Mark "that is a good idea."
@@theintrospective255 Just because its a good idea doesn't mean anyone needs it. He's saying that from a business standpoint. A roomba for example, Nobody needs a roomba. You have a broom, or a mop, just like you have regular ketchup,
Mustache guy’s facial expressions would have been enough for me to declare myself out
He looks very feminine
What else is he gonna wear hanging outside a kindergarten in a windowless van??!!
Update:
*The deal with Alex never closed.*
The company website and social media accounts have been dormant since 2019.
They are no longer on Facebook.
Their homepage says, “Coming soon to a grocery store near you.”
*It appears this business is on its way out.*
Saying it's a "premium" product is just a nice way of saying it's not for poor people.
Premium means ripoff in marketing. Nothing to do with poor/rich more to do with smart/stupid
The funny thing is here in Germany there was a tv show in which someone who had a background in the food industry (development of sauces, instant noodles and all that) was challenged to recreate common food products. In one episode he had to recreate this exact kind of thing: ketchup slices. When presented with the slices he had to laugh because he originally developed them like a few years ago. Why no one ever heard of sauce slices before? They were usually used for microwave burgers. I wouldn’t call microwave burgers a rich people thing and most definitely not a premium product 😅
If its not cheaper than what people pay for with the bottles, then its not a replacement. This item is destined to fail unless they can get their price lower than how much bottles cost.
If they can do that without sacrificing taste and quality then I can see restaurants and fast food places buying it simply because it would be cheaper to ship.
The Company's out of business. I guess nobody wanted to buy it for such a high price.
i would try at 3.99
@@God_0f_Death how do you know it’s out of business? Are the founders homeless? Does their family feel embarrassed ? This was a bad product
@@moemoe-jb2fw he just said it’s out of business, plenty of business fail and they go onto the next one chill out
@@moemoe-jb2fw you can literally look it up and see they went out of business…You do realize businesses fail all the time, doesn’t mean the owners will go homeless. You must not be using your brain because your reply was pretty embarrassing.
Most shocking comment, "I'm Emily's husband......"
Lol!
No surprise to hear that they are out of business. They opted for an offer that was giving away 3x more equity than Kevin's offer. Not only that, but they actually made fun of Kevin's offer. What is wrong with these people?
seriously! Everyone hears the word royalty and freaks out.. I thought it was a decent offer
And maybe Kevin or Mark wouldn't have backed out 😂
I agree with you both. Kevin's offer was way better - way less equity, and the royalty was only 10 cents which wouldn't have hurt the cash flow. No one ever even counters Kevin.
Those people just weren’t really about it. Kevins deal was the way that’s how you loose a great deal for no deal
@@MsJondde by
Yeah the royalty deal would’ve been great due to the fact that they never sold a bag and therefore wouldn’t owe him anything from previous sales.
"In my mind I have a lot of reason to be out, but this time I won't say them... I'm out" - Barbara
Why is he pretending he's straight? I- kjsakaskjaskjd
Hahahahahahhga
5,99 for 8 slices. Lol you can buy 3 bottles of ketchup for that price!
You can also get a free sachet of ketchup from a fastfood chain
Love the show ! Its my anti depressant! 😆 🤣 😂 😹 😆 🤣 😂 😹 😆 🤣 😂 😹Barbara's laugh cracks me up!
“A serious discount” well they are out of business now😂😂
Why u laughing tho? It's too bad for them
@@LifeIsCrazyAsShit it was such a stupid product
Imagine eating a juicy grilled burger and the ketchup is like the thick sticking dried up wad on the top of the ketchup nozzle. ....No thanks.
One of the reasons I like sauce is to add moisture.
Exactly, who wants a dry burger.
After Barbara called him stupid, Alex retracted the offer. On a serious note, the deal never closed
I love how Barbara, who is a billionaire, is complaining about how many sandwiches she gets out of her ketchup bottle versus a slice...
I'm pretty sure that is a sham marriage. That dude is ay with a capital G
That's exactly what I was thinking too 😂 thanks Chad!
If you went to one of his cookouts, I bet the hotdogs taste like 💩
They literally said it’s just dehydrated ketchup, then proceeded to say it’s not just ketchup it’s flavour 😂😂😂
Such a niche product. Even camping or picnicking or whatever you can simply get smaller bottles and the whole mess free/soggy buns is such a minuscule problem compared to what you lose in texture and taste of sauce. This would only be good for toddlers.
It's a product for first world problem
That was a super risky deal for those two entrepreneurs. I wonder how they will/did fare. That Barbara comment at the end - GOLD!!!
Never went through and they're out of business.
@@HorsesIC the deal between them never went through or the business itself?
@@J040PL7the deal didn't go through and the business failed, from what i read.
Most people use sauce to “help” a dry burger or sandwich- I get that; but, the concept of this may be similar to that of a starburst. Think how watery your mouth gets when you eat one of those or a fruit rollup and neither have water in them. Now, consider the same affect while eating a burger due to this slice of sauce 🤷🏻♀️
I’d absolutely buy it to try it, but imo- Barbara was right that the price point for 8 sandwiches is steep vs buying a whole bottle of sauce that can last for months. Although they use quality ingredients, you can purchase a bottle of sugar-free organic ketchup for the same price and it will last longer.
She's gonna dump that dude at some point.
😆Lori was like "womp womp" after she heard Mark's offer
I honestly feel like when Kevin really believes in a company he offers simple equity deals but when he sees a huge risk he offers royalties it’s a loan shark move but it’s to protect his money
I just realized that's why they are called sharks
It's so funny watching how hopeful they are getting offers. Knowing now they are out of business.
That is why you should never have an expensive celebration when you get the promise of money or a loan.
Summary: they made Fruit Rollups in ketchup, mustard, and mayonnaise flavors 🤢
y-yum?
“I don’t really know why sales are so low” said Captain Creeperstache. “So far I mainly target customers in public parks from a windowless van”
"This is not just a slice of ketchup, this is flavour" ok bud
😆 🤣 😂
If anyone from USA started own business contact me
I need business partner
Barbara: I would like to believe in magic, but because I don't, I'm out
if someone brought my a slice of ketchup thhen proceeded to say "thats not just a slice of ketchup, thats flavor" id be out lmaoo
The guy looks like Jim Carrey when disguised in the cable guy.
It might be a little bit greedy to wanna make $500k on just their sales, but it’s only .10c a unit, that’s not hurting them in the slightest
If anyone from USA started own business contact me
I need business partner
A not needed product. I am surprised that any of the sharks wanted in on this deal. Alex must have seen the error of his ways and the deal didn't close.
💀 So if you have fries 🍟 You roll the slice over the fry? That’s an expensive fry now. 😂
When Alex talks , its like watching a Kyle and Peel episode
Prerevenue must be a fancy term for hobby.
That sounds so nasty 🤢
Basically it's like when I leave ketchup or mustard on my plate and forget to wash it so it dries. And for that "delicacy" they charge 10x the price.
😂
You’re taking the cheapest part of a sandwich, the condiments, and you’re making it the most expensive part. A giant bottle of store brand organic ketchup is like $3. That’s enough for like 100 burgers. Or I can spend $6 for enough ketchup for 8 burgers. That’s literally 25 times more expensive. And ketchup has so much sugar it’s fine out in the heat all day once opened. Too often people don’t realize that most of the country can’t afford to spend 25 times more money for some convenience.
Husband? Are you sure about that?
What you mean?
I actually think that it’s a pretty great idea if you could do it in restaurants .
No restaurant is going to pay more for ketchup unless they charge the customer more. Why would they do that?
Id rather dip my sandwiches in salt water than buy this for 5.99 😢
Imagine paying nearly the same amount for ketchup and meat.
You could just buy regular ketchup, squeeze it out on a pan, put it out in the sun or an oven on very low heat, and when it dries cut it into sandwich sized squares and wrap it in saran wrap. I don't know why, since the product sounds nasty, but if it's something you crave that's a way to get it for cheap.
“Womp womp” 😭😭😭
Perfect example of a terrible product but a great team that knows how to execute
Team doesnt know anything otherwise they would have found something better to sell.. probably that woman was driving it with her emotional attachment to ketchup
Nope. They dont know how to execute. The business went under.
Barbara out in under 5 minutes.... and then smirked off camera.... like new personal best guys
Perfect example of a solution to a nonexistent problem
I wouldn't be surprised if the packaging is one of the highest expenses.
8 slices are $6,
but maybe they could do 25 slices for $7
or 100 slices for $8.
It would be foolish to do 1 slice for $5.
My point is, you have to figure out what quantity is the most cost effective for the customer at a reasonable price per unit and per purchase.
Shark: buckle your seatbelts
Mustache guy: exacctly clipp clipp…woahh
6:01
Great idea, but I'd only be in if it serves the masses and not just the premium market because it just costs too much, for me personally, I LOVE IT WHEN MY MAYO, KETCHUP, BBQ SAUCE or whatever the case may be, is drizzling down my burger or sandwich, there's nothing I dislike more than a dry burger or sandwich. 🤔
Mark is definitely one of my favorite sharks!
Top 10 for me too
Yeah he’s a great scammer.
Next up on the shark tank: dry water. 😅
She looked great in Pirates of the Carrebian too.
every video i’ve watched for the last 3 days there has been a kevin offer with a royalty each time😂
They should put this product in military MREs. Only way I would eat this product
That's a really good idea. Sadly the cost is too high for even that
Condiments add much needed moisture (for lack of a better word) to an otherwise dry sandwich. I would probably try this only once and never again.
I guess we’re just making up problems to solve now.
This would have been perfect to sell at RV trade shows or in camping areas at music festivals
Barbara: I actually have a really good point here, and for that reason I'm out.
Me: hahaha lol there she goes agai....wait, a minute she's right.
Barbera:
I have a very important reason why your business is not investable. The packets you offer are square and I think most people would prefer round..so I'm out.
Barbara: I find this product absolutely amazing, and for those reasons am out!
They look exactly the same, only one has moustache.
I think they should sell that to the military for soldiers out in the field
Wonderful idea❤
This has been done by a restaurant before, they call it ketchup leather (see Buzzfeed's Tasty The Best Burger I've Ever Tasted episode) and it's just tomato ketchup dehydrated. Some people have dehydrators and ketchup is cheap. The prize is just 😒
Too pricey for an 8 slices only. I'm surprised they got 3M valuation. And after learning the deal never closed, I though Mark could get it out there and make more aggresive strategies.
oh man they got 300k from their family, they'll never see that money again.
This is a prime example of just because it hasnt been invented yet, doesnt mean you should lmao
Imagine putting a slice of dry ketchup in a burger...no thanks I enjoy the texture of bottled ketchup and I like dipping my food in sirracha sauce
I hear Barbara loves magic mushrooms. I want to pitch my mushrooms grow operation to her haha
This is literally the *worst* idea for a sandwich. Sauces and other viscus condiments add moisture and lubrication to a sandwich. They're an integral part of what makes a sandwich great. It's no surprise they went out of business because this is genuinely awful unless you're just trying to add the flavor in addition to a traditional sauce. Otherwise you've just created the driest sandwich in the desert.
Kevins like, "How will you, show me the monnay".
Cash FLOWWWWWWWWWW
Alex thinks he talks smart by copying Waren Buffet's quotes
This is a terrible idea, I add condiments for moisture & flavor. Not just flavor.
We use only the finest ingredients
People will realised how amazing the idea is during a zombie apocalypse
Bro we don’t put sauce on food solely for taste it’s a texture/temperature thing that also makes the sauce boss
Her husband would make a great mime
Kevin had really good offer, if you going to be multimillionaire company you would accept it.
Dried up sauce.. well that's gonna 1 super dry burger ain't it...
Barbara was so proud to be out . Uff
Barber oh barber, you are always "out"
I agree with Lori. It's ridiculous that they spent 500k on this already and haven't sold a single unit. I mean, the competition is a tub of ketchup. I wouldn't even buy this ahead of the ketchup
honestly this product will sell massive in Korea. 1mil sales? no prob in Korea man..
Imagine putting a fruit roll upon your burger
Many starting entrepreneurs failed to understand, and therefore failed to calculate, the cost of the problem. You can’t possibly hope people will buy your product if the price is bigger than the cost of the problem. The entrepreneurs in the vidz tried to circumvent by saying that it’s a “premium product”, well you can actually calculate the cost of “premium need” too, there several method you can learn for free scattered in the internet
Jelly ketchup?...........nope
This is such a terrible idea. On the surface it's interesting, but some things in society just can't be evolved and condiments are one of them because people are SO particular with how they eat it. Some people like it on top of their food, others like it separate. Not even to mention this is only applicable to burgers and not fries and other foods.
Asking the world to view ketchup differently is so unrealistic. They should've started small and opened a restaurant where this is an item that comes with burgers. And if there's success, then open up more restaurants.
Lol. I would never throw a slice of KETCHUP on a burger. I want that ketchup dripping off the burger all over my fries
Kevin 😂😂😂
Juat get extra ketchup everytime you order fast food 😆
Upload it again i havent seen it enough
" Best thing since sliced cheese?"
$5.99 for 8 slices is, excuse my language, fuc**ing nuts. People flip their sh** for paying a dollar more for their milk and eggs. No one is going to pay $6 for basically an 8 use bottle of ketchup.