Shark Tank US | Brothers Pitch Pips & Bounce To Reconnect With Their Inner Children
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- Опубліковано 12 січ 2024
- Eugene and Michael Jung are seeking $500k for a 10% stake in their company Pips & Bounce
From Season 11 Episode 13
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Shark Tank US | Brothers Pitch Pips & Bounce To Reconnect With Their Inner Children
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Guy in the blue starting to rethink his life
Kevin: Breaking down the business model and explaining how it's not going to work with a 7% Net Margin
Lori: "This just put me to sleep!"
Also Lori: "I agree with Kevin. I'm out."
Despite all of the "constructive" feedback, I admire the fact these entrepreneurs took it on the chin and walked out smiling.
They didn’t… one guy looked gutted… was shaking his head as though it was a disaster… then his friend started saying how they have had lots of rejections and his partner almost rolled his eyes… that is not happy
Jesus loves you, God Bless✝️
@@thevalkyrie8his brother
A $5 million valuation with just 1 million per year in sales and only a 7% profit margin is ridiculous!
The real problem they did not prove the franchise model yet, the valuation was for that not the $1 million corporate business. Plus they already estimate they'll need $1 million to build out a showroom pre revenue for signing on franchisees and at a 7% margin it'll take decades or many stores to make back their money. $100k revenue estimated from each location that's $7k profit; that will take 150 stores to make back that $1 million or a 150 years for 1 store.
@@shamw39Really, you sure that's right? No wonder Mr wonderful was agast.
Why u spoil the video
They need some wall nets
They should have built out 4 locations at $250,000 a piece and talked to someone before coming on.
A million dollars to build out their 2nd store is ridiculous!
But it's their flagship store/ training location...😅🤣😂
TTTTTTTRRRRRRRAAAAIIINING
it's RAIN ing negative money
"We talkin about practice..!"
How can you hate ping pong lmao Daymond becomes more unlikeable every episode
Because Daymond SAID, "I Hate Ping Pong"!! That Is How !! Ehhh?
Dude just hates life at this point. He needs to see someone and stop making everyone depressed on TV
He's so fake he doesn't have a personality at this point
He's never been likable.
he's very punchable
LMAO KEVIN "you're really nice guys, i hate this a lot."
Kevin is the most financially savvy shark. Mark has taken way more risks and earned more money.
Mark still lost lot of money, majority of his business failed to success and only few of them survived.
That's why Mark and Barbara are close friend in real life, he admits Barbara's instict is real sharp.
@@Mikael2492 with some of his recent interviews I don't think a majority of his businesses have 'failed to succeed' per say, I think he's just in it for the long haul with many of them and they haven't gotten him a positive return on his capital yet. But I could be totally wrong lol
Savvy is the nice way of putting it. He takes advantage of poor people for profit. He doesn't have much to offer besides the idiots that follow him, which is a reality whether I like it or not lol!
@@summonedfistJust like most rich people, their wealth is mostly liquid and not capital. They all have a net worth of millions or billions, but that is all in figurative wealth of what stuff *"should be worth*" and not actual cash in the bank. That's not to say they don't have tons of cash, just that their total worth is mostly speculation compared to in the moment wealth. Assets have value, but selling them takes time and a buyer may not always be there.
@@LunchMeatTrumpyou mean their wealth is mostly capital and not liquid
Kevin is the ultimate honest savage
Kevin's business acumen is top notch
This has been around in London for years! The place is litterally called bounce (maybe why they couldn't get the bounce name). It does really well, great atmosphere!
It's a glorified sports bar with ping pong table. They should just buy a bunch of Dave & Buster's
Mark with those cat-like reflexes!
hes leo the lion
"If we tapped out every time someone said no to us - every bank, every investor, every accountant who said 'No' to us - we wouldn't be here."
That right there is the problem.
Their mindset is correct. I was told I wouldn't make it in the industry I'm in, for example. I'm now on my third promotion.
The point is that you can't let someone not believing in you, stop you. Your success is dependant on your hard work and good ideas.
I personally think this IS a good idea, they just haven't made enough mistakes yet.
They were all correct in saying that they weren't ready to franchise. Their business wasn't that successful yet
@@austingeorge6659 there is a reason a business gets "NO" from a bank, an investor, or an accountant. The right approach is to learn the reason behind getting NOs and improve the business. Ignoring the "No" sayers just for the sake of it or for being too arrogant to learn from others will get a business nowhere.
"Okay, think about this in this way, ping pong has been around for-
Kevin : "So, how much money have you put in this thing?" 👽👽
The guy in the blue shirt is like dam I put all my money in this 💩
I’m not an expert in any of the fields related to this episode and even I have no doubt this is way too early!
Way too early? It’s existed in a much better way than these idiots since 2010. AceBounce in Chicago, Spin elsewhere…
@@omram566 ya it’s early for this company. Just cause it worked for other places doesn’t the timing is right for them
500K for 10 percent ROFL like 70K profit is worth 5 mill valuation. Nutters.
Wow wow wow, yall do a lunch upload on a Saturday? We love it here
pitching ping pong to a tennis legend is a tough sell
Doper Sharapova?
@@tyrellcobb4665that ruling is stupid.
Finally new episode 🎉
In front of sharks you need to be prepared to the "no´s", isn´t worth insist, it´s necessary listen and learn so get the oportunities.
Ha ha , he said I’m out , then they both smiled at the same time ?
Just good advice! I mean they are like 2-3 years of good profit margins with 3 locations away from franchising. The only issue. Business otherwise seems pretty good. Setup cost too high also perhaps.
YES!!!!!👍 LETS GOOOOO!!!
Kevin is 💯 on the number.
why in the hell would you spend 1mio for a flagship as the second store
As old as they are, they seem like they’re still missing the point. They’re net profit and their evaluation of the business is completely absurd it’s not worth more than 150k in total. They’re still in a high risk area in the business until they can get beyond that their value will go up.
I saw an indoor pingpong space in NYC recently, which made me wonder how they are making money...and I really doubt they can sustain...
There are locations for Pickleball in Boston that's doing this, but it was also new and early, so we will see if it will work.
Kevin spot on ......
No no no no no .
Noooooo.
There its 6 times and u can't take it anymore😂😂😂😂
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The 1980's called - said you're 40 years too late.
Most dopest intro😂😂
Most dopest? Spoken like a true ghetto clown 🤡
Wherever Barba is; we all already know she's out.
It's a bar with a ping pong table that's it. Any bar can buy a 80$ ping pong table.
What’s for breakfast today, everyone?
Ya momma
If they had 10 stores on the west coast it might make sense to franchise. But one??
ping pong isn't popular in the USA, I see ping pong tables in some locations and most of the time they are empty...so are pool tables.
They really do like a Eugene and Michael. 😅😅😅😅
It's just a bar with ping pong tables. The liquor license I likely the most difficult thing about the operation.
there is a reason why they've gotten so many "no's" for an anwer
Classic Portland 😂
That was such a rude comment from Daymond I've lost what little respect I had left for him. "Now I hate ping pong players"
What a entitled douche
Have they heard of Spin?
Ouch.
7% is not much ey? If any factors change by a few % or a location is a few % less great.
Is that Sharapova?
Really thought Daymond was going to invest on this one
Lol
Daymond, whatever happened to you?
He’s the next Barbara
I dont think they understood what the sharks were saying. its not that they can't do it. its that its not investable because of how much they want. nice guys decent concept but valuation was a little nuts. in my unprofessional opinion of course
I remember those days when valuations are more reasonable...
bro barbara and daimon are always out whats the difference between them? color XD
I'm starting to hate Daymond more and more
lol did he say “ saving the world from clean energy policy “?
That's what I heard! 😮
Damon, you’re not an investor bro
Only make $70,000 on 1 million REALLY !!!!!!!!!!!! The ship is sunk before sailing !!!!!!!!!!!
From a Shark Tank investment perspective, they are truly too early as more than one Shark stated.
Try having an original thought.
Daymond doesn't invest in anything 99% of the time! Why is he there?
He's the Tolkien character of the Shark Tank 🦈
Diversity hired
☝️
Yep, that's why I said he's pretty much Tolkien from South Park on this show lol
Why business owners want to evaluate their business on some possible hallucination that they will make millions in the future if some magical fairy provides them with magical juice. Love Kenvin for being a savage.
Ming Wong Lee up here just throwing numbers around like he's a mathmatition.... Only got one restaurant talking about he needs a training center😂😂😂its called 😂😂the kitchen😂😂
That was a tough sell
daymond will never make another offer. mark my words
How the heck does a restaurant or bar with ping pong tables cost 1 million to build?
This is not a shark tank idea lol
Kevin is obviously right that a 7% net profit is too low to begin franchising. But it would have been nice to hear what percentage the entrpreneurs, as the franchisor company, would intend to charge the franchisee as an annual franchise fee (rather than have Kevin guess it would be 5-7%). Too high and it's unappealing to the franchisee. Too low and it's unappealing to the investors in front of them (who would be investing in the franchisor company). Either way, Kevin is right. Just would have been nice to hear them give the poor numbers upon which it would be based.
I like how they laughed at what the second guy said he used to do lol what a couple of clowns 🤡
They always want to franchise way too early. Should have 10 or 15 stores up and running before you even think about franchising
How is this gonna work anyway?🤔 Pool, maybe, darts, yeah sure. Like in a bar. But pingpong? If you dont know how to play it, you'll be sweating not because of playing them, but because of the constant picking up the ball on the floor, far from your table.
7% profit margin is awful. There isn't enough meat on the bone.
Their established location makes them $70,000, but they think new locations will make $100,000. Um...why?
Pip and investors made them bounce! Horrible idea! Building out the business and building is costly, and have a high risk and minimal return
They are doomed. What keeps a smart bar or restaurant owner from putting in a couple of ping pong tables? No moat. No IP. And 7% is horrible
5 more no's? Errrr yeah i'm done!
So basically, they have a table tennis business and just want to open another store.
Where's the uniqueness or the entrepreneurship in this "concept" ??
I had to go to a company "outing" to a similar place once. Talk about boring.
Delucial people.
7% is horrible
Dymond really thinks he’s funny
hnmm
I don’t like daymond
A couple of book smart individuals with NO common sense…💯👋🏽
Why are these "too early" entrepreneurs allowed to be on shark tank???? I will never understad it!
Not scalable
Whiff Waff
"How should we make our pitch?"
"As cringe as possible"
Overconfidence and stupidity at the same time from these dudes, Kevin is do right. They will be bankrupt soon
They drank too much
they think they can franchise out table tennis? that is so dumb
I agree with Daymon its crap !!
Ninth comment
What a load of bollox, these two are deluded.
They're always greedy
Did anyone notice how disrespectful the sharks are often towards Entrepreneurs get who have not figured it out yet? Doesn't matter if their valuation/idea/whatever sucks, the sharks should always be respectful. But because they have tons of money they treat some presenters as sh**
hehe, why do people like you dont get that the sharks have been standing like that and
received way worse feedback. its a tough world. deal with it. no handouts.
First
Child
crap
What's with the venom Daymond? Maybe time to retire...
Jesus loves you, God Bless✝️
Delusional
No thanks I don't see Chicken and pickles lasting long either. Just a fad.
Garbage idea. Boo 👎