In case anyone is worried about her business, there is a happy ending. From a podcast in November 2020 she says: "I went on [Shark Tank] and sales went through the roof." "[Since the episode...] Now, we are 300 times bigger than we were. Now, we've got a freeze-dryer. We are at capacity, at full capacity. The next freeze-dryer arrives at the end of this month, so that's another million dollars for a freeze-dryer..." Was worried about her so had to know since she seems said everything was on the line. She seems so sweet and genuinely passionate. Was anyone else worried for her?
Dont get me wrong, I’m definitely not in the right wage range to buy her product. But I would, for a fact! Animals are so important to owners now and for the same of feeding them the right things for $50 your saving thousands of dollars on vet bills from crappy food!
Steve is right about products that people can barely afford or whose quality they don't really care about. But people often treat their dogs like family members, and just like when parents buy education and healthcare for their children, it's quality over being the cheapest that matters.
i agree i spend premium fund for good quality stuff for my dogs. not just which one is cheaper. Steve's view is too dismissive, not pragmatic and for lack of better word ignorant to the market tbh
YES. Like my dad would spend hundreds on quality cat food because the cheaper brands are so full of fillers, they'll just land your pets in the vet years down the line.
Then why didnt they invest? You invest in someone if they know the product since that is everything.....she is a failure, they all said no and werent even close to investing.
I'm from the US and obviously watch shark tank Australia, but they drive me crazy because they shoot down so many good pitches. The US show invests so much more.
Sarah Anderson it may appear that way but the American Shark Tank has a big issue where a lot of the companies that make a deal on the show don’t actually end up getting a real deal once they get to the board room to write up the contract. I think the Australian sharks simply don’t have quite as much money while still being incredibly wealthy so they are more careful with their investments.
@@108willl That's the truth. Not many of the deals actually end up going through. The difference between the 'shark tanks' and 'dragons den' is that the tanks are clearly geared more towards pure entertainment. A lot of jovial music, sob stories etc That kind of stuff doesn't happen in dragons den. There is no "nice" dragon there. There's characters on both of the tanks.
As a former petstore manager I can say that no matter how much money people have, a lot of pet owners spend a big chunk on their pets. My store was in a lower income area and people would still buy the best food because they cares so much
I feed my dog butternut costs me at least 100£ a month but I know for a fact that on average there's is less then a tea spoon of undigested matter on the backend
I agree and I have a bachelor of Business. It helps cement my learning and gives it context. It also makes me excited when I realise I can understand what they are talking about lol.
Steve- I dont like that you know more than me, so I'm out. Naomi- psh you know I dont have money to invest. Jenine- Ima just nod like I understand, but I'm still out. Andrew- Im getting too old for this. Glen- I am the only one who understands this business, but sadly I'm out.
I understand why the Sharks were out, it’s very early and a lot depends on the manufacturing. Her valuation was also a bit high. Had she waited another year, she may have come out with a deal.
She wasted all that money on the production facility that she couldn’t even produce large scale from. Had she just found a contract manufacturer she would have saved a lot of money with the ability to scale easily
I wonder if the Sharks now know the mistake they made not investing in Diana Scott and her Frontier Pets dog food ! Big mistake I use it every day and I am on a tight budget but it is good for my dog !
Hahaha! Steve can be such a child sometimes! I just caught a glimpse of what it would be like to be married to him. He seriously needs to be "okay" when someone doesn't agree with his point of view. It's alright to agree to disagree Steve... And not her so hot under the collar 😂😂😂
Yeah but I mean there's a part of show-off for TV going on I think.. He's definitely entertaining and I would be disappointed if he acted in a more chill way like I'm sure he usually does aside from TV.
Robert Kiyosaki says he analyses a 100 deal to find one good deal and if he doesn't find it, he start the 100 count over. Once you start investing into businesses, you'll automatically become careful with your own money. This is their own money not them making sure viewers see high flying transactions.
@@jdrodrigues7 Yeah but Naomi LITERALLY invests like...1 time a season. She's a loser and shouldn't be on the show This deal was too good to pass up and they all passed it up but Naomi....man she makes the WORST excuses
@@badbadbeans6659 I don't think so. I think the motivation to be on the show is that they'll bring people directly to you with a product to invest it. Because as an investor it's hard to find small businesses and products to invest in but this shows cuts that out and gives the multiple to choose from in a day. Easy money for them if they make the right deals
this probably is ethically sourced but just want to put a warning out about these claims. Kmart says ethically sourced on their webpage but then on a different part says clothes manufactured in Bangladesh. I'm surprised Fair trading hasn't prosecuted them for fraud. Bangladesh is the biggest offender of Sweat Shops and child labour as well as extremely poor working conditions. Once such place collapsed killing many workers. So carefully check on claims of ethically sourcing
Most sharks here don't have the amount of money to risk it , Some have net worth 50 million AUD So 600K is a lot of money for them I bet she will get a deal in U.S shark tank
It's a nervous panic laugh. I still remember many years ago being forced by management to be at this party event thing, not at all comfortable in my skin there, and doing one. I can still hear it burst forth like I'd got a demon trying to get out, and I'm flushing with the embarrassment as I type this.
I love Steve's reaction to people like this when he thinks they are full of it. Lmao. Im from Cali in the US. But for some reason i love this shark tank better 🦈🌊
What I don’t understand is the people that come on the show that pitch a business that has already been done tons of times over. There are lots of dehydrated dog and cat food options, raw food options and farm to table options. She’s not really introducing anything new here at all. Just her take on it.
If people really love their pets, they need to look at the science involved in their food brands. Store food is HORRIBLE, and cuts our pets' livespan by 1/3-1/2. I wish I could afford to buy the really healthy stuff for mine, but I have to just make it myself. Spend about $20-30 a month. Not too bad for a 80 pound dog. AND he loves it.
One simply doesnt go to Shark Tank Australia and ask for a $600k investment.. Australian sharks are not as big as Americans. The Australian sharks will always make lame excuses to not invest that this scale
Im not sure what planet you come from but you would be mad if you think you can compare population of Australia 25 million to USA of 350 million. They dont invest because the market is to small and manufacturing of goods at 100% capacity would be able to supply and sell maybe 50 million dog owners per week and this will not work in Australia. Also its to expensive and it would add to $150 per week extra just to feed a dog.
@@coolercool3074 I did not refute the fact that Australia is a much smaller market. Simply the part that the Australian Sharks get put off as soon as they hear someone ask for reasonably big bucks. They simply do not have the depth in their pockets or the risk appetite. Andrew is the only Shark to pull off a $2.5M coffee deal as a very rare exception, while their average investments are in the $50-200k range.
Well it’s ultimately a question of percentages. If someone had a 40 million net worth, their investable assets are somewhere below that number. If someone pitches a chance to invest 400,000, it’s like a person with a net worth of 100 dollars spending a dollar, on the off chance it becomes 3-5 dollars in a few years. The vast majority of people will try to spend less on investments to ensure lower risk. With the rate of successful startups as it is, it’s hard to pull the trigger on giving someone more than most people make in a year without concrete proof of sales and a clear roadmap to profit.
They have and will make big investments, mostly where they split the deal between 2 or 3 sharks but they don't take chances on an unproven business at that high investment cost, its too much money to take a risk.
He is right, though. The MAJORITY of people won't pay that much for thier pets food. Some will laugh and buy cheap garbage for thier dogs, and others will say "I can start doing that myself". The rest are obviously wealthy, and can afford this overpriced dog food. I make my Dobermans food, cuz I want better for him, and I am cheap. 😂
@@asmrearthsounds yup, you made a point there. However, it's a niche product. The target market for this product is probably have different price sensitivity and point of view in assessing and making a purchase decision.
Completely disagree regarding the 'consumers will buy the cheapest product' argument. Look at any pet store and see that now more than half the food is premium price points. Even supermarkets stock this kind of thing in some stores. Google 'Ziwi Kiwi' which does well and is higher cost than her product.
$40.49 for 2.2lbs of dog food 😂 and she says it's not a niche market lmao. It would cost me roughly $150-$180 a day to feed my 3 dogs 🙄. I'm with Steve.
I agree. She needs to scale it so she can produce more to lower the cost. The Hills Vet Science Diet is that price for about 3 kgs I think from Memory. My cats love it. My mother who has money buys it for them, there is no way I could afford it, but if I could I would. They love it. They aren't fussy eaters but they go ape over it. I mix it with other brands to last longer, as they'd eat a packet in one day. Ihave a continuous feeder for their dry food, and if there isn't enough of the vet science in the bowl, they stick their paws up to pull out more.
This was an easy deal for glen. Vertical integration, can sell out the her entire production capacity. Could have trial ran it in just a few stores to ensure the product is good. The ask was for 608k of which 500m was for equipment with multiple uses commercial uses, likely great liquation value if needed. Just lease the equipment back to her then put up the remaining 108m for 30% equity. Valuation works and debt is secured. Also Glen probably has access to cheap credit. Easy deal.
The cost of all the equipments are far too high for her to make a profit, in years to come she will still have to repay they bank for all the money they lent her. It might takes 2 generations for the business to make profit and take off properly. These sort of products are a long term profit makers. Not valuable.
Wow it’s baffling to me how wrong Steve was in this one. He let his personal emotions about the trend get in the way of his investors brain. AND he was wrong to come at her saying the market is 2.4 million since she then had to repeat that that was only for her business. Anybody who knows anything about business knows that obviously a single business will never take 100% of the market
What does this even mean Australia vs US? Are they going to fight or something? They have a timer on how long they get to make a decision? They have one golden card which rules out all the opposing sharks from making an offer? And how do we then determine the winner? Do we come back in 10 years to see their ROI? I'm really not understanding what you're suggesting here.
Seems like ok product, except freeze drying is extremely expensive, you just can't bring the costs down. It will be much cheaper to just buy actual raw food. Not to mention it's pretty much just as easy, it only takes a bit of space in fridge.
Steve's exasperated "oh Jesus Christ" is something I do at least twice a day while watching our overly-emotional, politically correct society. I feel his pain.
@@TheRealTanSeeker lol. The amazing part is their lack of self-awareness as they exhibit the very petulant, shallow mindset that created our cancel culture.
These Goldfish don't have any pockets, not an entrepreneur between them, simply out of work actors, repeating the same lines week in week out, I have watched my last performance , can't stand the boring repetition they blurt out every single time.
It's an ideal product if you're a survivalist, living off the grid, but seriously you buy anything has a 20 year shelf life it's not food it's a ration for after the nuclear war.
Australian Sharks were stupid in this episode. Pets especially dogs are getting adopted/purchased on an incline basis. And there are so many owners who treat their dog like their own child, spending thousands on beds, toys, grooming, medical and most importantly FOOD. I can easily pick 20 people out of my circle of friends who would buy this product just to let their dog lead a happier and healthier life.
- I was speaking in general. Seems like domestic animals isn’t part of your knowledge. Also, do not include me in your pathetic lack of friend circles. Perhaps join the sharks on being stupid and stay out.
"ORGANIC FRUIT AND VEGETABLES??? OMG!! All my life been eating inorganic ones!! Where can I buy this dog food??" - This was my shepard reaction, his name is Sam. Looks like he's has clever as this lady!
I presume she is freeze drying cooked pork and if not she just risked Andrew’s life. Two religions base their food rules on an ancient lack of understanding of trichinella.
I understand what Steve saying but we live in a world where people are starting to back pay more for premium food people think of their dogs as there are children and you have to remember we have things like Hermès bags which could go for over $100,000 because it’s perceive about you set a time to come by when they could get the same quality as far as leather in hand stitching for 500
He is right. She says the market is 2.2 billion dollars but then only targets the rich niche of it. At least, tell them what share do they take of the whole market?
People buy the cheapest they can get their hand on they don't care about quality that's why people buy meat from the supermarket and not from butchers also I been working in a supermarket for 5 years so I know.
You could use this food to feed people who are in starvation situations. Not suggesting that people eat "dog food" but its too bad that these great ingredients that take a lot of resources from the planet are not helping people.
Revenue is like your gross profit, it is the money you make before you take out your expenses, where Profit is the amount you have after all expenses come out
In case anyone is worried about her business, there is a happy ending. From a podcast in November 2020 she says:
"I went on [Shark Tank] and sales went through the roof."
"[Since the episode...] Now, we are 300 times bigger than we were. Now, we've got a freeze-dryer. We are at capacity, at full capacity. The next freeze-dryer arrives at the end of this month, so that's another million dollars for a freeze-dryer..."
Was worried about her so had to know since she seems said everything was on the line. She seems so sweet and genuinely passionate. Was anyone else worried for her?
Absolutely! thank you for the update.
I have two big dogs. They have been on Frontier Pets a long time. Will keep them on it forever. Amazing food.
Thank you for the update! I wasn't worried but deffos a little sad for her - her presentation and facts were on point.
Yes. Thank you so much
Thank you!
Her attitude and representation of facts are absolutely commendable!
A genuinely good product.
@KSMI - Kerbal Saved My Insanity Absolutely!
Dont get me wrong, I’m definitely not in the right wage range to buy her product. But I would, for a fact! Animals are so important to owners now and for the same of feeding them the right things for $50 your saving thousands of dollars on vet bills from crappy food!
I do agree. Id buy it for my dog lol
Andrew never buys anything why is he even on the show
Steve is right about products that people can barely afford or whose quality they don't really care about. But people often treat their dogs like family members, and just like when parents buy education and healthcare for their children, it's quality over being the cheapest that matters.
i agree i spend premium fund for good quality stuff for my dogs. not just which one is cheaper. Steve's view is too dismissive, not pragmatic and for lack of better word ignorant to the market tbh
YES. Like my dad would spend hundreds on quality cat food because the cheaper brands are so full of fillers, they'll just land your pets in the vet years down the line.
Hey my Cat has better things then me and I have no problem with it. Her reactions and love back is all worth it.
She knows her product; her knowledge and confidence is just phenomenal.
Then why didnt they invest? You invest in someone if they know the product since that is everything.....she is a failure, they all said no and werent even close to investing.
No. I disagree with you mate. And you're right Kirk.
I live in the United States and prefer shark tank Australia 🇦🇺. Love this show.
I can only see the clips on UA-cam here in the USA. I watch every single one.
I'm from the US and obviously watch shark tank Australia, but they drive me crazy because they shoot down so many good pitches. The US show invests so much more.
Sarah Anderson it may appear that way but the American Shark Tank has a big issue where a lot of the companies that make a deal on the show don’t actually end up getting a real deal once they get to the board room to write up the contract. I think the Australian sharks simply don’t have quite as much money while still being incredibly wealthy so they are more careful with their investments.
@@108willl That's the truth. Not many of the deals actually end up going through. The difference between the 'shark tanks' and 'dragons den' is that the tanks are clearly geared more towards pure entertainment. A lot of jovial music, sob stories etc That kind of stuff doesn't happen in dragons den. There is no "nice" dragon there. There's characters on both of the tanks.
Aussie version pitches alot of bs products that are not businesses, or even uniquely proprietary...us version calls that crap out asap.
As a former petstore manager I can say that no matter how much money people have, a lot of pet owners spend a big chunk on their pets. My store was in a lower income area and people would still buy the best food because they cares so much
I love how this lady stood her ground with steve. Good on her
As usual, Steve can't get his point across so he becomes cranky Steve .
He can be such a dick
I feed my dog butternut costs me at least 100£ a month but I know for a fact that on average there's is less then a tea spoon of undigested matter on the backend
@@jerethgryphon4244 How large is your dog? Less than a teaspoon doesn't sound even remotely normal Jereth.
And then when people don't understand him he gets mad snd goes "okay I'm out, im out" 😂😂😂💀👌
@@jerethgryphon4244 100 a month?!? Wtf i pay 100 a week for my 2 dogs lmao. But idk i live in the US maybe its more expensive here lmao
I have learned so much from this show... this is called a reality show ....keep making these please....
It’s cancelled
Green Lion there’s talk that it might come back next year.
I agree and I have a bachelor of Business. It helps cement my learning and gives it context. It also makes me excited when I realise I can understand what they are talking about lol.
Same!
I AGREE!
This is a great show. Great cast. I love everything about it!
And for that reason.... I'm out.
I love Andrew! That guy is down for anything! He ATE the dog food! 🤣 and it didn't even surprise me!
Steve finally met his match! 👌🏻😂
She was a great and intelligent woman. She had her stuff together better than anyone else I have seen
delusional regarding conducting BUSINESS.
Steve- I dont like that you know more than me, so I'm out.
Naomi- psh you know I dont have money to invest.
Jenine- Ima just nod like I understand, but I'm still out.
Andrew- Im getting too old for this.
Glen- I am the only one who understands this business, but sadly I'm out.
lmao
I understand why the Sharks were out, it’s very early and a lot depends on the manufacturing. Her valuation was also a bit high. Had she waited another year, she may have come out with a deal.
Her costs are enormous - she basically needs a cool Million just to stay afloat with that factory purchase.
She wasted all that money on the production facility that she couldn’t even produce large scale from. Had she just found a contract manufacturer she would have saved a lot of money with the ability to scale easily
Wow I don't think I've ever been rooting for someone on the show as much! I wish he'd suggested a bigger investment or loan to fund scaling.
Yes. When he said she was trying to sell him hope, I would have replied "I am hoping for you to invest to turn my hope into reality"
Sharks: "she knows everything about her business", I'm out :-$
They probably didn't like the fact that she inhereted some of the money
Janine's reaction shots always look like somebody just handed her a surprise kitten.
I think all shark tanks from all over the world, should exchange millionaires once in a while.
yes, would bring a different / fresh perspective to how and who they invest in perhaps.
All episodes are old. This show has finished man =/
@@kingdomperspectivesmindset5595 remember that their resources are based in the country the come from. That may not interest everyone.
They're already doing it in Shark Tank Mexico and Shark Tank Colombia
@@MarFutbolero damm right, I truely believe STColombia is the worst, they always want 40-100% hahahahaa, and rarely make investments
I wonder if the Sharks now know the mistake they made not investing in Diana Scott and her Frontier Pets dog food ! Big mistake I use it every day and I am on a tight budget but it is good for my dog !
"They will eat it and lick the bowl clean."
Andrew: "wow!"
Me: "They always do that."
He was honestly surprised!! 😮🎉
Hahaha! Steve can be such a child sometimes! I just caught a glimpse of what it would be like to be married to him. He seriously needs to be "okay" when someone doesn't agree with his point of view. It's alright to agree to disagree Steve... And not her so hot under the collar 😂😂😂
*get
Yeah but I mean there's a part of show-off for TV going on I think.. He's definitely entertaining and I would be disappointed if he acted in a more chill way like I'm sure he usually does aside from TV.
Naomi : I don't have money so I am out
Robert Kiyosaki says he analyses a 100 deal to find one good deal and if he doesn't find it, he start the 100 count over. Once you start investing into businesses, you'll automatically become careful with your own money. This is their own money not them making sure viewers see high flying transactions.
@@jdrodrigues7 Yeah but Naomi LITERALLY invests like...1 time a season.
She's a loser and shouldn't be on the show
This deal was too good to pass up and they all passed it up but Naomi....man she makes the WORST excuses
@@jdrodrigues7 dont they also get paid to be on the show??? I'm assuming, like a lot??
@@badbadbeans6659 I don't think so. I think the motivation to be on the show is that they'll bring people directly to you with a product to invest it. Because as an investor it's hard to find small businesses and products to invest in but this shows cuts that out and gives the multiple to choose from in a day. Easy money for them if they make the right deals
andrew also
We fed my golden retriever pedigree for 14 years, and she lived a long life, for that reason, I'm out
My dog started losing her hair after being on pedigree for about six months, I would like to make an offer
Glen.... Im out but thanks for the idea im off to implement it myself lol.
I'm wanting ethically sorced healthy dog foods for my pets. Im going to look at this
this probably is ethically sourced but just want to put a warning out about these claims. Kmart says ethically sourced on their webpage but then on a different part says clothes manufactured in Bangladesh. I'm surprised Fair trading hasn't prosecuted them for fraud. Bangladesh is the biggest offender of Sweat Shops and child labour as well as extremely poor working conditions. Once such place collapsed killing many workers. So carefully check on claims of ethically sourcing
What a lady!! I really admire her calm poise while answering questions with full conviction...
Andy forreal cracks me up 😂. Always the first to try and taste something
I love Steve. His facial expressions crack me up! 😂
Imagine the day when dogs finally learn English and realise all the bickering that has to happen to get some slop in their bowl.
My dog knows a little English. ;) :)
good lord that laugh is something
4:51 Diana: Try not to show my nigga's
No one is looking!! 🙄
Most sharks here don't have the amount of money to risk it ,
Some have net worth 50 million AUD
So 600K is a lot of money for them
I bet she will get a deal in U.S shark tank
IDK I can't imagine there is that huge of a market for this dog food. Who has $150 a week to feed there dogs.
Steve has become my favorite shark 🦈 💙 ❤️
He really doesn't pretend 😒
He is genuine.
@0:40 I thought I had a stroke! That laugh came out of nowhere, I thought I fell asleep for a split second. Was that bad editing?😂😂
It's a nervous panic laugh. I still remember many years ago being forced by management to be at this party event thing, not at all comfortable in my skin there, and doing one. I can still hear it burst forth like I'd got a demon trying to get out, and I'm flushing with the embarrassment as I type this.
Barbara: this is the wrong shark tank and for that reason I’m out
15:35 aawwwww australian shepherd puppy. yeah, that's a ball of energy. :D
I love Steve's reaction to people like this when he thinks they are full of it. Lmao. Im from Cali in the US. But for some reason i love this shark tank better 🦈🌊
5 mins and 30 secs in. Andrew simply cannot contain his disbelief that Dianne has managed to get a DOG to do that. Awesome 👌 love this show
Knowledgeable and focussed entrepreneur. Kudos to vision and details into her business towards every corner.!
What I don’t understand is the people that come on the show that pitch a business that has already been done tons of times over. There are lots of dehydrated dog and cat food options, raw food options and farm to table options. She’s not really introducing anything new here at all. Just her take on it.
If people really love their pets, they need to look at the science involved in their food brands. Store food is HORRIBLE, and cuts our pets' livespan by 1/3-1/2. I wish I could afford to buy the really healthy stuff for mine, but I have to just make it myself. Spend about $20-30 a month. Not too bad for a 80 pound dog. AND he loves it.
One simply doesnt go to Shark Tank Australia and ask for a $600k investment.. Australian sharks are not as big as Americans.
The Australian sharks will always make lame excuses to not invest that this scale
Im not sure what planet you come from but you would be mad if you think you can compare population of Australia 25 million to USA of 350 million.
They dont invest because the market is to small and manufacturing of goods at 100% capacity would be able to supply and sell maybe 50 million dog owners per week and this will not work in Australia.
Also its to expensive and it would add to $150 per week extra just to feed a dog.
@@coolercool3074 I did not refute the fact that Australia is a much smaller market. Simply the part that the Australian Sharks get put off as soon as they hear someone ask for reasonably big bucks. They simply do not have the depth in their pockets or the risk appetite. Andrew is the only Shark to pull off a $2.5M coffee deal as a very rare exception, while their average investments are in the $50-200k range.
Well it’s ultimately a question of percentages. If someone had a 40 million net worth, their investable assets are somewhere below that number. If someone pitches a chance to invest 400,000, it’s like a person with a net worth of 100 dollars spending a dollar, on the off chance it becomes 3-5 dollars in a few years. The vast majority of people will try to spend less on investments to ensure lower risk. With the rate of successful startups as it is, it’s hard to pull the trigger on giving someone more than most people make in a year without concrete proof of sales and a clear roadmap to profit.
They have and will make big investments, mostly where they split the deal between 2 or 3 sharks but they don't take chances on an unproven business at that high investment cost, its too much money to take a risk.
Lolll
Love steves facial expressions 😂😂
Steve was so mad she didn’t show him the food lmao, he really wanted a bite 🤣
Her laugh scared me
That WOW after Steve's decision was awesome😆
Steve humiliates himself.. don't understand his point of view at all..
Agreed. His rant was so unnecessary and irrelevant
He is right, though. The MAJORITY of people won't pay that much for thier pets food. Some will laugh and buy cheap garbage for thier dogs, and others will say "I can start doing that myself". The rest are obviously wealthy, and can afford this overpriced dog food. I make my Dobermans food, cuz I want better for him, and I am cheap. 😂
@@asmrearthsounds yup, you made a point there. However, it's a niche product. The target market for this product is probably have different price sensitivity and point of view in assessing and making a purchase decision.
Completely disagree regarding the 'consumers will buy the cheapest product' argument. Look at any pet store and see that now more than half the food is premium price points. Even supermarkets stock this kind of thing in some stores. Google 'Ziwi Kiwi' which does well and is higher cost than her product.
$40.49 for 2.2lbs of dog food 😂 and she says it's not a niche market lmao. It would cost me roughly $150-$180 a day to feed my 3 dogs 🙄. I'm with Steve.
I agree. She needs to scale it so she can produce more to lower the cost. The Hills Vet Science Diet is that price for about 3 kgs I think from Memory. My cats love it. My mother who has money buys it for them, there is no way I could afford it, but if I could I would. They love it. They aren't fussy eaters but they go ape over it. I mix it with other brands to last longer, as they'd eat a packet in one day. Ihave a continuous feeder for their dry food, and if there isn't enough of the vet science in the bowl, they stick their paws up to pull out more.
This was an easy deal for glen. Vertical integration, can sell out the her entire production capacity. Could have trial ran it in just a few stores to ensure the product is good. The ask was for 608k of which 500m was for equipment with multiple uses commercial uses, likely great liquation value if needed. Just lease the equipment back to her then put up the remaining 108m for 30% equity. Valuation works and debt is secured. Also Glen probably has access to cheap credit. Easy deal.
Completely agreed. The irony is that now he probably stocks her food in his stores anyway, but doesn't get shit in terms of a cut
The cost of all the equipments are far too high for her to make a profit, in years to come she will still have to repay they bank for all the money they lent her. It might takes 2 generations for the business to make profit and take off properly. These sort of products are a long term profit makers. Not valuable.
Wow it’s baffling to me how wrong Steve was in this one. He let his personal emotions about the trend get in the way of his investors brain. AND he was wrong to come at her saying the market is 2.4 million since she then had to repeat that that was only for her business. Anybody who knows anything about business knows that obviously a single business will never take 100% of the market
Come to America where they refuse to enforce antitrust legislation.
I'm kidding, somewhat...
I would like to see a shake up shark tank Australia 🇦🇺 vs 🦈 tank us 🇺🇸
What does this even mean Australia vs US? Are they going to fight or something? They have a timer on how long they get to make a decision? They have one golden card which rules out all the opposing sharks from making an offer? And how do we then determine the winner? Do we come back in 10 years to see their ROI? I'm really not understanding what you're suggesting here.
Andrew reminds me a bit of Dudley Moore (from the original 'Arthur' movie) 🤔😄
14:17-14:33 that audio 👌🏽👌🏽
Seems like ok product, except freeze drying is extremely expensive, you just can't bring the costs down. It will be much cheaper to just buy actual raw food. Not to mention it's pretty much just as easy, it only takes a bit of space in fridge.
Steve's exasperated "oh Jesus Christ" is something I do at least twice a day while watching our overly-emotional, politically correct society. I feel his pain.
You must have a sad life.
@@alixtheprofessionalcatherd6850 such a baseless assumption. Grow up.
good for you. you sound sad. must be really sad if a youtube comment section is where you come to get your problems out lmao. take that somewhere else
You're upsetting the snowflakes already 😅
@@TheRealTanSeeker lol. The amazing part is their lack of self-awareness as they exhibit the very petulant, shallow mindset that created our cancel culture.
what a lovely and smart lady!
9:03 - Steve is such a meme
She was really good. Surprised no one took it
Yo
this is the problem not the food, but, the price is the draw back not many people can afford to buy this food
Why don't they get some Sharks with deep pockets? We know immediately when they ask for more than 500K these sharks will pass.
These Goldfish don't have any pockets, not an entrepreneur between them, simply out of work actors, repeating the same lines week in week out, I have watched my last performance , can't stand the boring repetition they blurt out every single time.
There has been a 2.5 million investment so....
It's an ideal product if you're a survivalist, living off the grid, but seriously you buy anything has a 20 year shelf life it's not food it's a ration for after the nuclear war.
Jokes on them. This is where I buy my dog’s food 🤙
Where is she at now?
Love shark tank Australia!!
I love her vision
OMG, this lady has a "Family Guy" Lois' face! Everything matches, except her hair color! 😲
150 episodes in: has Steve EVER NOT been absolutely DISGUSTED by a person’s evaluation?? Jus curious 🤨
does anyone know which episode is where Andrew says "i make all the important decisions but my wife tells me what is important"
Australian Sharks were stupid in this episode. Pets especially dogs are getting adopted/purchased on an incline basis. And there are so many owners who treat their dog like their own child, spending thousands on beds, toys, grooming, medical and most importantly FOOD. I can easily pick 20 people out of my circle of friends who would buy this product just to let their dog lead a happier and healthier life.
- I was speaking in general. Seems like domestic animals isn’t part of your knowledge. Also, do not include me in your pathetic lack of friend circles. Perhaps join the sharks on being stupid and stay out.
I think Jeanine and Steve are the only sharks here the rest are all broke “l’m outs”
Andrew and Glenn are actually the richest and Naomi is the least rich on the show
You re an idiot, search before writing anywhere
@@bkirkbir it's a joke dummy.
She’s a good saleswoman
Expensive as helllllllllll
Some (don't ask me why) people will pay $14/4 oz. box of Keto crackers.
"ORGANIC FRUIT AND VEGETABLES??? OMG!! All my life been eating inorganic ones!! Where can I buy this dog food??" - This was my shepard reaction, his name is Sam. Looks like he's has clever as this lady!
They match their dog breeds quite well
Freeze dried pork? All I can think about is trichinella spiralis and Aujeszky's disease..
I presume she is freeze drying cooked pork and if not she just risked Andrew’s life. Two religions base their food rules on an ancient lack of understanding of trichinella.
@@peterd788 I hope it is pre-cooked.
I understand what Steve saying but we live in a world where people are starting to back pay more for premium food people think of their dogs as there are children and you have to remember we have things like Hermès bags which could go for over $100,000 because it’s perceive about you set a time to come by when they could get the same quality as far as leather in hand stitching for 500
anyone who thinks of their pets as there are children are mentally ill and needs help
Ethical? Haha good one
I still don't even know what companies these sharks started. So for that reason...
I'm in like Covid
I hope the dog-like the dog food.🥰🐶
The term "off the charts"......, not the best of terms to use when you want to get a money supply.
Also, what a wonderful lady!
Is it sad when some of our dogs eat better food than most humans?
Gotcha, but a good chunk of humanity eat trash by choice o_o so, there's that
“You have a dog”-Steve
He is right. She says the market is 2.2 billion dollars but then only targets the rich niche of it. At least, tell them what share do they take of the whole market?
Steve, I love you, crazy man.
People buy the cheapest they can get their hand on they don't care about quality that's why people buy meat from the supermarket and not from butchers also I been working in a supermarket for 5 years so I know.
Dianne had the last laugh. Frontier Pets is very successful today
This is not a new idea.
Petbarn been selling similar for years
Just here bc im bored at work :)
You could use this food to feed people who are in starvation situations. Not suggesting that people eat "dog food" but its too bad that these great ingredients that take a lot of resources from the planet are not helping people.
What's the difference between (profit vs revenue), pls?
Revenue is like your gross profit, it is the money you make before you take out your expenses, where Profit is the amount you have after all expenses come out
This is taking off. I'm buying her product.
steve was extremely rude to her.. you can tel she's very well educated and polite... there was no need for that
Steve: can
Her: yup
Steve: I
Her: absolutely
Steve: Share
her: Yup
Lady shut your traps for 1min will ya.
She has bull terriers!!!!! 🥰❤️Id totally buy from her!!!!
Steve Just say: "You're out." You can't know everything!
She reminds me of mom from Futurama
Andrew ate dog food to test the quality of the product and the starter that show how serious he is
So it's just freeze dried ingredients?