‘Uncoachable’ Business Duo Hold the Keys to MASSIVE Market Potential | Shark Tank
Вставка
- Опубліковано 3 гру 2020
- Hani and Meray Yassa pitched their baby showering highchair Charli Chair, asking for $200,000 for 5% equity in the business.
Company Website: charlichair.com.au
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #Uncoachable #FirstToMarket - Розваги
the video editor that does the dramatic music must love his job. he goes a little overboard sometimes
REALLY????? IT DOESN’T SEEM OVERBOARD TO ME!!!! 🤬🤬🤬🤬🤬😡😡😡😡😡🤬🤬🤬🤬🤬!!!!!!
@@bash547 you must be their editor then lol. compared to other shark tanks or dragons den the aussie version always has the most dramatic sound effects
Needs to keep the audience engaged
What is this heresy?! You can't go overboard with dramatic music
some great stuff
Naomi: I’m very confused...how did I get here? For that reason I’m out
this is it
Do you know that neither Naomi OR Steve ever followed through on a single investment this entire series?
😆
She’s just there to promote herself. She has no money.
@@vondahe that's bullshit
Steve happens to be brilliant. He knows it’s a good business and wants them to succeed
So glad he spoke out when they were going to decline that offer
No he is a shark he noticed they have no business experience and don’t even know how to calculate profit.
Dude honestly took advantage of them
No he is a shark he noticed they have no business experience and don’t even know how to calculate profit.
Dude honestly took advantage of them
He is brilliant. Everyone sitting their is brilliant. Only one of them men here has even decent motives and its Steve. Watch the episodes where any ma and pa, or small town small scale person brings in an idea like this and doesnt know what they are doing on the business side. They these peoples business. They are making currently around $39 margin and thats just for local delivery. They invented and patented a product that another company is "selling" to them before they can sell. They should be looking for a loan to make their own facility to produce to design themselves or to license it out as they said.
@@lizzy7369 Very poor take from someone that doesn't know how successful the product has been since the shark helped them.
Janine is at her most passive aggressive on this episode.
Because 4 million valuation is absurd
@@prateek1703 that’s fair I’m this but man I dislike her more and more I watch she just seems awful.
@@reaperrose5261 is it absurd though? The baby market is amazingly big, they have the only patent on it and profit margins are really high per unit as well
Frankly most of them are being passive aggressive
@@midas6753 it's a chair, nothing more. it won't be difficult to come up with a different design to bypass the patent. and the price is just ridiculous, just look at the material. they should sell this thing for the price they are paying the manufacturer.
Pretty sure I heard...
1. He put just under $200k into this business.
2. She is the sole owner of the business.
3. He's the back bone and does all the work.
Equality😏
God forbid they get divorced, the business would crumble.
That is the power of married woman. Good trend to see woman leading the way.
@@koushikvadhula6349I would hate to be lead by you if that’s what you consider good leadership.
@@rtususian they’ll never divorce, they’re arab
Naomi: Your ask is all I have in my bank account and for that reason, I'M OUT
Lol
fr
Lol jaloes much!
“Do babies like being showered like this? Or do they feel like they’re being strapped in and hosed down” 😂
Let me just ask some babies
Yeah mate, these babies haven't gotten back to me with their Google or Yelp Reviews just yet, so I guess they love it! LOL
My 7 month old loves being in baths and pools but hates going to splash pads or being in a shower, its pretty easy to tell what a baby likes and doesnt like
Spoke like a true Sigma
@@ChronicNewb 😂😂😂
Wow, John actually managed to get 50% of a company which initially offered 5% equity. Now that's some wild negotiation skills.
I know. I feel terrible often when I watch this show, and I see the customers give up so much out of desperation.
@@beakt 50% of something is better than 100% of nothing.
@@afriendofafriend5766 I don't think you understand what's happening in this show. He owned 100% of his company, and gave away 50% of it for $100,000. He walked in there wanting to keep 95% of it and get $200,000. So your little aphorism has no relevance.
@@beakt Don't feel terrible...they had no idea what they were doing.
They needed a business partner to launch their business.
@@RomainDelmaire Funny, I'm re-reading this thread, and explaining to my son what I meant when people give away their business "out of desperation", because they're afraid their business will disappear. That's when I realized "A friend of a friend", when he said "50% of something" was referring to the business owner retaining his 50%, and the "100% of nothing" meant they could have walked away and kept it but the business might disappear. Anyway, I just thought I'd acknowledge that I misread his comment.
He owes Steve a beer
I reckon at least two or three
i LITERALLLLYYY fucking CHOKED when he said, after ALL that arguing, "50% is kind of a lot... would you accept 20%?" HAHAHAHA DUDE. if i were that shark, i would have cancelled my offer when he said that
Lol...but u not
@@denully he did ask for 20% rewatch where he first asked for 50
That’s why you will never be successful , let alone be a shark ahahhahah
and that's why your not a shark
'Adza'? Stick to being an internet clown.
Did anyone else..mainly mothers say to themselves "I could do the same shit with my kids High chair if I took the cover off?" 🤷♀️
yeah you could but that's how dozens of babies get dropped on their heads every year lol. not saying its GONNA happen but there's a reason they asked so much about safety, that's the key difference between just doing what you said, and this product. that's kinda how product specification works, or else everyone would drive go karts because fuck it technically it drives on a road and can go fast so might as well never invent cars
@@jebbush6657 no ... very true. Its not the safest option at all. But I mean for like 10 they can buy the little bath tubs too
Yes. not totally convinced on this concept. & nothing else similar on the Market?
•well,maybe that’s for a reason
@@jebbush6657 it has seat backles so yes it is safe
Stop having children. You're a clown.
And to think Ive been kneeling on a soft pad and bathing my children like a peasant 🤣
I bathed all 3 of mine in the kitchen sink...until they were too big to fit in it...
@@angelfromhellshawna Same, except I also got a plastic bathtub for babies that sits on the counter.
I could actually even see this having some sort of bar that you can attach toys to so that they are occupied while bathing
Hey, I even had a baby bath. Who showers a baby? These baby bathtubs are EVERYWHERE. How big was her baby for God's sake?
@@Liam.Walsh96 my son hated baths but loved showers sometimes its the kiddo
Johns negotiation skills 👏
Extortion and negging skills.
@@balla2828 at the end of the day, 50% of a big business is better than 100% of nothing and at the moment they’ve spent a lot and got close to nothing. They know they need a mentor
@@zaydevans2077 They are only 1 month into sales. I wouldn’t say they have “nothing”.
@@balla2828 They are still nothing. If it was everything it was made out to be, there would be people wanting and begging to buy it. They could have turned it down and taken their company to 1000 units. OR they could be smart (like they were) and go for 100,000 units. They needed a smart person to guide them
@@caseynathanson7911 Needing investment and a “smart person to guide them” doesn’t mean having to sell out a large chunk of your creation. It was taken through crooked tactics.
He looked her deep in her eyes and and got all serious and said "I can't wato to be working with YOU!“
Looking forward to working with you
🤣🤣🤣🤣🤣 I noticed that too he finna run them cheeks 💀💀💀
Bro he's about to lay some mad pipe. Lol. Hani better watch out. She is smoking hot. Hell I want her.
He was creepin' a bit... 😳
they should have counter at 49% to retain control. he would have taken it
That's what I was thinking.
Best comment
EXACTLY
I doubt he would have.
Even at 50% they’re still equal partners, majority stake is 51%. He still can’t make radical changes without approval from them unless they liquidate further equity in more funding rounds.
despite the tough conversation it looks like it worked out well for all involved. the business grew substantially and they now offer more versions of the chair and attachable pads. well done.
I would have put forward a counter of when John gets his money back, they can buy 5% of the equity back at the price he paid. That allows both sides to win.
Poor preparation.
I see that strategy on the UK Dragon's den regularly. Don't know why neither the people making pitches, nor the sharks, think of it on Shark Tank. It seemd to me to be a far more respectful approach than when the sharks, feeling it's risky, yet are still willing to offer all the money at 35-50%, only to have the person making the pitch go, 'yeahbut, could you do it for 15%?'
Buying it back makes no sense. Buying it at the same price makes utter ill logic.
@@moreevents4335 The dragons and sharks have made that exact offer before.
@@moreevents4335 They make deals like that on Dragon's Den UK. So either all those millionaires are idiots, or therer is a way to do it that makes sense.
6:38 - "I want big boobs one day but that's never gonna happen." I'm dying xD
What about those plastic surgeons on Botched? 🤔
I still think that deal was just too good for the shark, Legend has it that he went partying after this and still isn’t home.
I need Steve as my Mentor....love his way of thinking
People make such a mess on valuation. You can't sell a house on what the price might be in 10 years time
Wrong comparison. A house is not a business. As an another example, you can't sell your car for today's price as you would sell your real estate. Compare businesses with businesses.
Business are often even typically valued at future growth. Just dependd on the stage of the business is at. This business is in production but has not proven itself. But it does not need much more for the next big leg up.
Omg ...better u talk about what u know
If you were buying on what a business is currently then the seller would not be making any kind of profit. They’d be giving away future profits for the price of the money they currently have.
@@KirbyJ89 investors will only invest more if they can see future projections that make sense. If there is USP for the product or service, if proper IP secured. Also if there is a trend of turnover curving upwards. Or else they would always rely on CV to manage risks
Steve wingmaning here was fantastic. He saved that deal.
That thing doesn’t look safe. You have to take into consideration that inside a shower the tile or lining could be slick with the baby wash, conditioner from someone showering beforehand, or it isn’t level due to a tub/shower drain slope/bad renovation. Some babies may rock very hard in that chair and possibly throw it off balance. The parent could knock it over if they slip in the shower or bath, which is very common- imagine if the glass on the shower isn’t the right grade to avoid shattering. Baby products have to be approached from a “if you can think of an accident or possible safety risk it will happen” perspective.
i read some reviews and it seems flimsy n not so sturdy
I would assume on the legs they could definitely add a non slip rubber of some sort so the product does not move regardless of the flooring it put on. If not, it would be an easy addition and a shame if they overlooked that
We bought one of these. Great concept and use it all the time although a few problems. My baby has circle marks on her back from the holes. The chair doesn't adjust all the way up. Drill a few holes in a ikea/kmart high chair would work just as good
aww a few circle marks thats a shame!
I would probably place a towel under my little one to prevent the holes and also to keep them from being on what looks to be a slippery surface
They actually are selling a pad now. It should be included but its nice they created a pad.
@@MrOhtrueeee you clearly have no clue what being a parent is.
@@melissamcclain34 first two replies are so stupid, wheres the water going to seep through?
Do you want a bath chair that’s going to snap on the pressure and kill your baby? Fools😂
That’s why you use a plastic baby tub, and a sponge soft 🧽
Hi Ryan
Hi Ryan
Hi Ryan
Hi Ryan
Hi Ryan.
Why is the “sole director” not doing any negotiation? And why is the person who seems to be running the show not officially involved with the company whatsoever? Something not quite right here
Wait until the business is worth a couple of millions. This video will be exhibit A in a divorce showdown
@@yebo-gogo it's now worth over $10 million
@@MegustaGamingCorner some divorce lawyers are going to make a killing
She is pumping him!
@@MegustaGamingCorner where did you get this info from
John is a very clever businessman...very tough.he had them on the ropes they have to pay back 100k with interest and he gets half.he must be Irish
😂😂😂😂😂😂😂😂😂 I needed that laugh!! 👍
*jewish
Irish Jewish mafia
You see how red his neck was below the makeup? Definitely got some Irish in him
There was no alternative so John had all the chips...but kept his cool... dramatic suspense..
The couple behind this unique baby care product took part in Shark Tank Australia for more than just the financial investment and have subsequently built the company to a net worth of over $10 Million, with products stocked around the world.
One thing I've learnt from watching this show is you can't base evaluations of business based off potential, vision, it has to be based off what the numbers your business is generating, costs, sales, profits, it has to be based off hard evidence, data, numbers, facts, not potential, dreams, and goals you haven't achieved yet.
How about thins one
based on potential with low sales
ua-cam.com/video/zvtjWG12x_g/v-deo.html
It depends on the business. These sharks are also always trying to get the best deal for themselves, not one that’s fair for the business owners
Not true. Sharks sometime just use valuation as a reason to not invest; when they really had no interest in the product. If a Shark is really interested, they'll find a way to make the numbers work to make an offer.
@@CaptureKing247 I noticed this too
Well aren't you clever 🙄 👍
The guy says "we need a mentor" but they are only offering 5% and for a steep price.
I feel like we missed some content because Janine starts off pretty upset with her questioning. I wonder how she got to that.
They’re all at least an hour long but condensed
She always gets agitated when business owners seek more than 100k AUSD :-D They're cheap sharks. Piranhas, really.
Uhm because the offer is too expensive for her dough to begin with
It’s that time of the month !
I mean, I don't blame her for getting sassy about a 4 million valuation for a company with zero justification for it. And showing up without knowing what your profit math looks like is REALLY bad. Yeah we definitely are missing pieces and I'm sure she got there more gradually but her critical tone is absolutely justified.
Love the couple. They seem to work really well together. They agreed to not take the deal then Steve spoke up and all it took was a head nod to communicate. Congratulations to them
I am not judging their private life, but their presentation and initial offer were terrible. Especially the husband, who kept interrupting the sharks and did not know what the profit was, was making the sharks go out, despite their very good and internationally patented product. They could have gotten a much better deal with a better valuation and presentation, so I do not think they did particularly well together in the pitch. They might improve in the future though, but it's really bad that they could have gotten a much better deal without having to give up half of the company.
How 😂
The husband payed the money, she is the sole owner, the husband is the back bone like whaaa
On top of that she looks so smuck an controlling.
I got the impression they felt under pressure (commercial? cameras?) to say yes. I wonder whether they actually signed on the dotted line in the end.
So glad they took the offer, and by the way taking a 50% percent hit showed me they had no arrogance.
I’d argue it was unwise.
Sure they gain a benefit from this. But they gave up 50% stake in their business. They no longer get to make decisions without the shark agreeing.
If they sell any more of their stock then the shark makes ALL the decisions for the company as the majority stakeholder
@@sorenkazaren4659 well they don’t really know what they’re doing.... can’t even evaluate their business lmfao they just happen to have a good product
@@caseyjamie818 True. But I’d still never give up half or more of my own company. I’d have held firm at 49% or made a deal that allowed for a minor equity buyback down the line.
@@sorenkazaren4659 better to have a smaller share of growing successful business than to completely own a stagnant or failed business... imo of course.
@@sorenkazaren4659 but I completely agree with you on the 49% and/or some type of buy back later down the road.
Steve's face and his tone had truth and sense oozing out
If they was actually smart they would’ve asked for 51% or for after the money was paid back to get the option to buy back some percentage at least one percent giving them 51% And be the majority shareholder of their own fucking product
Yes. But they have a great idea but don’t know much about business... that’s why they needed them. Simple nice people with great idea but no idea about business. That does not make them stupid.
Janine is so jealous cause John got a good deal. I think it also played well for John's position since everybody is out and have aired their frustrations on the valuation.
Honestly, these sharks are soooo much more civilized than the US ones. Mind you, they have good knowledge. But just not as compassionate nor kind (to the entrepreneur or each other)
This negotiation was so intense... and so beautiful! It was poetry in motion
Yes I felt this amazing feeling as I watching it. Pure poetry, Pure vision, Pure bliss. And then i farted...FAAAAARRRRRTTTTTTT
One of the best video seen on the internet yet. And that’s how you make free money. John hats off
The guys face when he gets the offer 😂
Steve got that one over the line. John owes him a beer or two.
13:07 LOVE the editing hahaha that sramatic build up is liquid gold
Imagine a 1+ year old in a tantrum. Arches back & forward hard & flips that so easily. Recall!
I do think its weirdly tall and bare-bones looking but a recall wouldnt happen unless it was common for it to be easily tipped over or it was the fault of the product. Parents themselves need to exercise their own discretion when using anything really
I came to the absolute conclusion... I need friends & business partners like Steve in my life yesterday onwards.
According to insider Growth the company's net worth is now over 10Mil
Wow!
Good that they understood the current valuation of their business without being cocky about it
IVE BEEN LOOKING FOR A PRODUCT LIKE THIS. Keep going. This is genius.
It's now a $10 million dollar business
Why come in with a 4MILL valuation when you are willing to make a deal valuing your business at 200K
If they came in with a 500K valuation lets say, they would've got a better deal and not lost 4 dragons
They pitched what they needed. Thats how.
They looked happy as the sharks went out. They were there just for the exposure.
They made a deal lol
lmao steve is like GOOOOOD YESSSSS!!!!
That's exactly the offer I would have put in. John is a capable guy.
The music had me on edge. Oh, the drama! And, yeah, glad they took the deal.
Comparing a chair to a computer? Lmao
Why not come in with a valuation at 1 billion if you can ‘see the potential’?
Given that the company is only one month old, they were not ready to be in Shark Tank which resulted in them accepting a deal that doesn’t favor them. I know they want to grow as a company. but they have to understand that even with the Sharks it doesn’t happen overnight.
The key thing for this deal was that John really liked the product.
This was framed as a business partnership less so than an investment which makes the deal more reasonable.
Nice deal ✌
Was like Steve cheered yes
Charlie chair is worth $10m+ now crazy
I mean like, they weren't wrong?
Wait this is genius and I genuinely could’ve used one when I was watching my niece
This show has been aired for years now, didn’t every entrepreneurs know exactly on how to calculate the business valuation already. And boy, this couple proved me wrong.
music was insane this episode lol loved it
"I want big boobs one day too, but that's never going to happen" LOL wasn't expecting that
Im so glad they took his offer
I would have also taken this deal but with a contingency of diluting the equity from 50% to let’s say 25-30% after the company reaches a certain valuation point (which can be discussed) so that we both win at the end of the day.
Good decision. Now they'll own 50% of a successful business, instead of 100% of nothing.
Hi Eric
Not the best deal, becaus it is a patented product with international patent, so i would tell him 50% of business but on international sales 20% or 25%.
Exactly
@@antvurena you have no clue what your talking about the sharks would of laughed at that and walked
So what!! They got to endure the business stress no matter they are Afterpay big giant or baby shower chair.
Plus from newborn to toddler, I wouldn't think it applies to toddler. Plus this is nothing for bath shower. Me out.
The Boost Juice gal has some wild attitude on her - wow! She is so condensending.
Bro my mans had the sweat on the side of the head good work camera man lol😂😂
Quick hand shake to the hub, long eye stare and smooch to the wife😅
In the famous words of mr.wonderful:”50% of millions is better than 100% of nothing”.
i mean to an extent thats true. its nice to have a dream and put it i action but if you want to make it a reality a bit of sacrifice is needed. i know they didnt want to sell 50% but on bright side if tis shark makes the product boom and sell tey benfit as well a wole lot more than if they did it alone.
I love Australia sharks .. they made me love Australia! They are soooooo sweeet!
Lol they're just normal people
That was tense!
Steve bats for John, first of many in Shark Tank👏👏
He never miss that kiss 😘 😎😎😎😎
"we worked too hard to give away 50%" OI U SOLD
They mean in terms of the idea, development and getting it off the ground + the money they have put in.
They stated they are a month into sales.
AUS shark tank is so much more chill and laidback than the US version, both the sharks and entrepreneurs. Love it.
" I want big boobs one day, but that's never going to happen" Clearly, you've never been to Miami or California.
Brand on their shirts etc. They know how to make very good use of free marketing opportunity. :)
I purchased a Charli Chair a couple of years ago, the concept is great and I love you idea however it still has alot to improve on. The fact that you have to spend $50 to get a foam insert to place in the chair so your baby doesn't end up with circular patches on their back from the holes really annoyed me esp after spending almost $200 on my black charli chair which is the bath tub edition.
Would love to get in contact with the company to give a feedback on how to improve from a mum who has been using the charli chair on 2 boys for the last 2.5 years.
Aussies are fun people to be with. I just heard about boobs in the middle of a pitch 😂
Am I missing something? Or wouldn’t the little countertop tubs be cheaper and easier to use? Like with the suspended fabric seat?
Or a kitchen sink with a handheld faucet.
On what earth they came up with 4million valuation
I would so buy that! I hated having to bend over the bath tub to give my babies a bath it literally kills my back!! But they were smart for taking that deal! Cause if not they would have just screwed themselves!
My wife said the same thing, id buy this thing asap!
Countertop bathtubs for babies. Much cheaper and would have saved your back. They've been available for decades.
@@Eidolon1andOnly not when you dont have room for all that lol my kitchen is way way to small for me to put even a baby bath tub on the count top so I have to kill my back in big bath no matter what
@@b_jean755 You don't have a dining room table? Or a dresser?
@@Eidolon1andOnly No I don't have a table my house is to small lol and a dresser? Why would I give my baby a bath on a dresser and get all my clothes and everything all wet like that makes no sense like newborn is one thing but when babies get older they start to play and make a mess with the water
I like John. I like his cadence also. He's always the only adult in the room. The others tend to be rude, and can't even come up with good suggestions or business proposals r counters.
I bought one i used it once unless you had the insert they get a mark on them from the holes
I got the inserts but the problem is, I live in an apartment that was built in like 60s and the showers are tiny, I can't fit the chair in which is stupid. I reckon the inserts should come with the chair as a package, not an extra $45.
The new model added a seatbelt and slightly different design def looks safer and better but I wish they added a suction cup (you know how you can like suction a shampoo holder to the tile)?...I wish they added a suction on the back of the plastic where the babies head would go to add more security so it doesnt like tip over backwards. If that makes sense? At 2:28 you see what Steve is testing? So you add a suction (option) to stick to the tile to prevent exactly what Steve is testing. In their promo video the chair is pushed up against the wall (the back of it is) to obviously add security but again that suction would be great. If you guys see this and add it, Ill gladly accept a check 😎😎🤣. Haha Im actually going to email them telling them this. Idk if its a good idea or not but still.
Edit-there are soooo many new born shower chairs from reputable brands for half the price. Did they say that they were the 1st to create something like this?
Steve is a brilliant mind reader.. i love steve a lot
Honestly it’s gross how much of people’s companies the sharks take. The Australian version of Shark Tank should actually be called Loan Shark Tank.
How do you 'elbow test' the water?
Did this deal go through? Also, is the company still going?
yes, it went through, and according to 'Smart Company Australia' the company it's doing great thanks to the awareness that John brings on board
McGrath is pretty much the only person here you can trust to always go through with the deal.
They have become quite successful. As for today 2021 the company net worth is over $10 Million
Good Job!
It's when newbies get greedy that they ruin their chances!!!
Very very few companies have an international patent. They cost about 1 million dollars and about a million a year to maintain. Why did not the sharks question that?
Sharks at Shark Tank are so nice and to be honest it seems to me more like a media show than serious business talks. Imagine if these two went to Dragons den? they would destroy them, Debroah would ask to show her the bullshit patent their talking about (it's almost impossible to get international patent so either they are lying or some fake lawyer company lied to them and it seems more like the latter).
Secondly, they are not even manufacturing the product, dragons den would laugh at that.
third they couldn't tell how much profit they made so far, imagine you talk like that on Dragons den? Peter jones would have punched them on the face (with words of course).
What would have made this even better is adjustable height where it can sit near floor level and babies can be seated safely in bath water as well
John is such a good negotiator
I think they should counter the offer with increase the value of the equity
250k for 50% is fair price for them
and should have agreement to exercise share buyback in future
this product is great, a bit unfair with that valuation
*Our maximum was 25%*
Accepts 50% for half the money. Talk about believing in your own product.
John was right, they have no business acumen
Well.. I don't think that they don't believe in their product. They just have no idea about how to run a business.
They believe in their product but don’t know what they are doing. They needed a shark to teach them how to proceed
@@Nayana-4S6NDR that’s right.
Does Australia not have the baby bathtubs that go on counter tops?
That was fucked up.
Granted they brought an absurd evaluation, he sort of stole 50 percent of their business through absolute pressure.
They try to treat these grown adults like children. Need an update on this business.
It's now worth over $10 million and is stocked across a bunch of countries
@@MegustaGamingCorner Nice. Happy for them.
It’s not a steal. They don’t know what they are doing and he made them milliners. Fast
@@MegustaGamingCorner good for them
@@Vera-dc7my Absolute pressure was imposed and absolute power was utilized. They were treated like children based on their clearly weaker position. Regardless of allegedly becoming millionaires later, these things still happened.
"I think they're dumb." - wow, I didn't know Andrew had that kind of savage level haha.
Pretty sure he said “done,” mate.
He said done.....
You know the company is doing well when they post the link to the business in the description lmao