Sometimes I wonder if Kevin even remembers he's on camera 😂 It's like he absolutely does not care about the people running their business, just wants to structure a deal where he can squeeze every drop of juice out for himself. A deal like that would crush them
Honestly I think sometimes he does it for a few reasons 1. If he gets it, cool, it’s a huge win for him and all his deals always take off 2. He doesn’t actually believe in the business but he likes them and wants to give them something 3. He does it to get them a better deal from another shark knowing they’ll invest just to spite him.
The thing I've noticed with Kevin O'Leary, aka Mr. Wonderful. If he truly believes in the business and the entrepreneur, he won't ever offer a royalty deal; straight equity. Because he believes that they will deliver and is putting his trust in them. But for others he is unsure about, that's when he plays the royalty card.
@@oliverdeeley Who apart from Mr Leary says that he is Mr "Wonderful" ?. Now THAT is being brainwashed. A guy starts calling himself Mr Wonderful and because he's rich people start repeating it not even knowing what it means. Grow up.
@@ericlarson2775 Not being funny. But without investment a lot of these companies go under and owe money. I'd take the $2million and retire. Rather than risk having nothing
The worst offer was Barbara's offer to the Real Elf. He was making like $20,000 a year and she wanted to take 30%, loan him the money and make him give half his profits to charity.
@@jcm7910 She wanted like 30% plus her money paid back and wanted the guy to give half his profits away. When he only started with like 20k a year to begin with.
Hard to ever do $10, so i don't blame them for pushing the # way down. I'm surprised they didn't think to ratch it back. For example, $6-$8 initial royalty until initial 250k is returned, then cut that to $4 until 500k then $2 until 750k. While not every company gets a long term growth bump from the show, the show itself is worth about $500k-$1m worth of marketing exposure these days (in the height of it's existence, ~$1.5m exposure in terms of marketing dollars), so they could've likely escaped the heavier part of the royalty within 2-3 weeks of the airdate of the show. They derisk kevin with the 60 day turnover of his money. they derisk themselves by not being bankrupt by the royalty when it only cuts 33% and then 17% of their profits, assuming no customer acquisition costs drop (which it should given the marketing exposure at least some, plus the fact that these episodes then repeat air on ABC while in the last two seasons of their episode base and then cnbc and other streaming services thereafter).
There's a niche for this device, but it will probably end up becoming obsolete over the the long run. There's already certain headphones on the market that have voice-activated control and have the functionality to skip songs and whatnot.
I have this product, and while you make a good point about voice-activated control, believe it or not, having big tactile buttons just somehow works so much better to control my phone. Wind, outside noise, other people on the chair lift, etc always affects the performance of Siri, Alexa etc. that’s why I ultimately love this.
Im one of the founders in the video. We wanted to create a simple tool that solves a common problem. Voice activation can be difficult in various environments. Sometimes you just need a chubby button.
@@kitsomogale4945 they don't have to accept the offer but we can at least respect the fact that Kevin at least gave them the offer, unlike other sharks 1:39 😅
I absolutely hate these no context shark tank clips. Just don’t post them. If we can’t even see what the product and current company growth is in relation to sales, what’s the point?
Kinda sad I’ll say this but maybe it’s time to move on from Kevin. The whole purpose of this show was to promote entrepreneurship not structure deals to squeeze every drop of juice from them.
Nah, this is an ENTERTAINMENT show, the promo from appearing is insanely HUGE and FREE, and you don't have to take a deal. We need MORE sharks like Kevin.
Sometimes I wonder if Kevin even remembers he's on camera 😂 It's like he absolutely does not care about the people running their business, just wants to structure a deal where he can squeeze every drop of juice out for himself. A deal like that would crush them
Honestly I think sometimes he does it for a few reasons
1. If he gets it, cool, it’s a huge win for him and all his deals always take off
2. He doesn’t actually believe in the business but he likes them and wants to give them something
3. He does it to get them a better deal from another shark knowing they’ll invest just to spite him.
Im the guy in the video. There was no chance our business could afford that deal unfortunately
@@MichaelCherkezian How much is the business worth now then dude ?
The thing I've noticed with Kevin O'Leary, aka Mr. Wonderful. If he truly believes in the business and the entrepreneur, he won't ever offer a royalty deal; straight equity. Because he believes that they will deliver and is putting his trust in them. But for others he is unsure about, that's when he plays the royalty card.
@@oliverdeeley Who apart from Mr Leary says that he is Mr "Wonderful" ?.
Now THAT is being brainwashed.
A guy starts calling himself Mr Wonderful and because he's rich people start repeating it not even knowing what it means.
Grow up.
Kevin: “ I am not that greedy”.
Asks $10 royalty for every product sold.
Also him basically loaning them money and wanting multiple times back and he still keeps his share of the company afterwards
$10 off a $12 profit? He would’ve ran them into the ground
Sell a million units and that doesn't sound so bad?
Smarmy.
@@Nonegiven14582 That could be true but with only a $2 profit, I'm not sure they could invest enough back into the company to meet the demand
@@ericlarson2775 Not being funny. But without investment a lot of these companies go under and owe money. I'd take the $2million and retire. Rather than risk having nothing
Im the guy in the video. Exactly thats why we said no. :)
10 dollars was too much i am glad they decline it
who wouldnt? haha.. $12 profit and Kevin tried to take 10 LOL
@@NanaoNganba Sell a million units a year and I would take $2 profit
I’m the guy in the video! The offer was way too steep. What a fun time!
@@MichaelCherkezian bro i never thought you would replied but you are right the offer would have a massive impact keep it up 🥰
@@uddhavramgolam9743 Lol. Regardless, it was a lot of fun to be out there!
1:44 Barbara is becoming self-aware.
kevin was being overly greedy here
Their loss. I have used multiple Chubby Buttons remotes (versions 1 and 2) for YEARS and couldn't imagine life without it.
Might be the worst offer I've ever heard in Shark Tank history
Been here a while? What a colossal waste of time.
The worst offer was Barbara's offer to the Real Elf. He was making like $20,000 a year and she wanted to take 30%, loan him the money and make him give half his profits to charity.
@Everett01 not sure if u had typo or not also havent looked into that video yet but 20k a year isn't all that so asking 30 percent isn't to terrible
@@jcm7910 She wanted like 30% plus her money paid back and wanted the guy to give half his profits away. When he only started with like 20k a year to begin with.
Hard to ever do $10, so i don't blame them for pushing the # way down. I'm surprised they didn't think to ratch it back. For example, $6-$8 initial royalty until initial 250k is returned, then cut that to $4 until 500k then $2 until 750k. While not every company gets a long term growth bump from the show, the show itself is worth about $500k-$1m worth of marketing exposure these days (in the height of it's existence, ~$1.5m exposure in terms of marketing dollars), so they could've likely escaped the heavier part of the royalty within 2-3 weeks of the airdate of the show. They derisk kevin with the 60 day turnover of his money. they derisk themselves by not being bankrupt by the royalty when it only cuts 33% and then 17% of their profits, assuming no customer acquisition costs drop (which it should given the marketing exposure at least some, plus the fact that these episodes then repeat air on ABC while in the last two seasons of their episode base and then cnbc and other streaming services thereafter).
They might not be the numbers kind of guys or the pressure from been on tv might of gotten them
10 dollars wow thats massive royalty
There's a niche for this device, but it will probably end up becoming obsolete over the the long run. There's already certain headphones on the market that have voice-activated control and have the functionality to skip songs and whatnot.
Find better things to do with your time. Like pulling lint out of your pockets.
I have this product, and while you make a good point about voice-activated control, believe it or not, having big tactile buttons just somehow works so much better to control my phone. Wind, outside noise, other people on the chair lift, etc always affects the performance of Siri, Alexa etc. that’s why I ultimately love this.
Im one of the founders in the video. We wanted to create a simple tool that solves a common problem. Voice activation can be difficult in various environments. Sometimes you just need a chubby button.
Those saying Kevin's offer was greedy, how can he accept pitchers offer where it would take 278 years to get his money back!
Take more equity then.its greedy because of the percentage of profits it takez is too high, therefore too risky for the owners
@@kitsomogale4945 they don't have to accept the offer but we can at least respect the fact that Kevin at least gave them the offer, unlike other sharks 1:39 😅
Even mr.wonderful doesn't do these deals,10$ royalty on a 12$ margin
Is insane glad they didn't take it
Clickbait title. More like "would have bankrupted". The offers you turn down don't make you worse off.
I want every dollar back that you profit plus 110 percent of your company. I want your house, your kids and your wife. lol
Doing a deal with evil.
Savage kevin.
Sharky deal 😮😮😮😮
I absolutely hate these no context shark tank clips. Just don’t post them. If we can’t even see what the product and current company growth is in relation to sales, what’s the point?
Kevin FTX O'Leary
He was involved in a lot of scamy companies.
Lol he didn’t accept $3 per unit so they tried again at $1. Hellooooo and goodbye. Wake up dudes
If I was in Shark Tank and only had a offer from Kevin I would walk out, I don't like him or trust him.
Thank you sharks 😂
I am not that greedy - Kevin🙂
He didn’t even leave me a tip in his room he stayed in
$10 royalty on a $12 product. 😂
Thats 83% of their revenue gone, and that's before expenses, interest, taxes
Kinda sad I’ll say this but maybe it’s time to move on from Kevin. The whole purpose of this show was to promote entrepreneurship not structure deals to squeeze every drop of juice from them.
Nah, this is an ENTERTAINMENT show, the promo from appearing is insanely HUGE and FREE, and you don't have to take a deal. We need MORE sharks like Kevin.
But… what are they selling???
Hopefully boating safety lessons for kevin.
Thank goodness you didn’t take that deal
Im the guy in the video. We couldn’t consider those terms unfortunately.