Surprised Kevin accepted the offer right away, he usually looks to make 3 times the return + equity! But it's a free 3% once he gets his money back, so he wins anyway. Kevin's deal did close and as of 2022, Blueland’s net worth is $10 million, so they are apparently doing well.
He knew there was blood in the water also he knows that if there’s an exit before he gets his royalty back then the acquiring company will buy out his royalties
seems like the deal closed and blueland is very successful now. Kevin's deal really was the best for them, Kevin recouped his money quick while they kept most of the equity
isnt that basically free money for 3% for kevin. i feel like its a blunder for the entrepreneurs just so they can still hold the deal and cashing out money. for their side, $270k feels like a loan with "interest" of $0.5 for every unit sold. i just dont see how this can be a good deal for them
It depends on your priorities. If they want to keep more equity and hold steady valuation, a royalty deal is better. And Kevin likes to recoup his capital ASAP, so he will try to maximize the sales. So it's a win win for both of them.
Mark has been on the wrong multiple times 😂 The best WRONG ever was when he told Jamie the creator of Doorbot aka RING that his company had to make $10M or $50M to invest, he didn’t see Doorbot could reach that so he went out. Years later Jamie sold it to Amazon for over $1B and returned to the tank as a guess shark and Mark didn’t like that bat all lol 😂
@@htvlogs80I heard ring had to raise more money from investors anyway for marketing, which would then lead Amazon to find out about it and acquire it for 1 billion. So while mark was wrong about it being non investable at that moment, he was right in that in order to be acquired for that much money, it needed a ton more money to be acquired for more money.
Entrepreneur: *mentions royalty.*
Kevin: I’m listening…
Marks face when he heard that final counter from them, realizing they weren’t just here for advertising
Love when Mark gets proven wrong
Ouiuuu
but they were though? getting a deal doesn't;t change that
@iode9999 Yeah, but they give him royalty, which is a serious decision to make .
@@iode9999he got a royaltie that guarantees he gets his money back +3%, its a win-win
Person: Mentions royalty
Kevin: hold on let them cook
Surprised Kevin accepted the offer right away, he usually looks to make 3 times the return + equity! But it's a free 3% once he gets his money back, so he wins anyway. Kevin's deal did close and as of 2022, Blueland’s net worth is $10 million, so they are apparently doing well.
He knew there was blood in the water also he knows that if there’s an exit before he gets his royalty back then the acquiring company will buy out his royalties
Not the best tbh but I assume he at least recoup what he invested in cash.
Hope you guys enjoyed the episode while eating
Perfect amount of time to eat my burrito for lunch.
I literally just sat in front of a plate of Memorial Day leftovers. I’m about to have a cheese overdose.
literally read this as i took the last bite of my sandwich ahahahah
🐱
How'd you know??
Smart decision offering that royalty to Kevin... They did a good job
seems like the deal closed and blueland is very successful now. Kevin's deal really was the best for them, Kevin recouped his money quick while they kept most of the equity
Mark can say all he wants, bottom line is she closed and closed with arguably the best shark. 👏🏻
5:01 Kevin was so intrigued. No one has ever offered him a royalty. I could watch this moment over and over again.
The way Mark was saying “Oohhh” like someone was talking dirty to him was so funny 😂
Someone sells their product well
Mark: You’re only here for the commercial im out
Kevin heard that Royalty and he's sold. :D
Been doing this in hospitals (lab) for years 😅😅
I'm gonna starve if I run out of new episodes
Mr wonderful greatest shark in history mark still 👑 tho all do
Mr Wonderful loved the deal
isnt that basically free money for 3% for kevin. i feel like its a blunder for the entrepreneurs just so they can still hold the deal and cashing out money. for their side, $270k feels like a loan with "interest" of $0.5 for every unit sold. i just dont see how this can be a good deal for them
Because he is a shark and get them sales?
It's not all about money, It's also about the experience and the potential that a shark can add to the business.
It depends on your priorities. If they want to keep more equity and hold steady valuation, a royalty deal is better. And Kevin likes to recoup his capital ASAP, so he will try to maximize the sales. So it's a win win for both of them.
Spoiler alert: barb would've been out
Where is my lunch gang at
Just finished eating jack in the box dad
@Brody Trimble - nowhere ... due to a lack of wanting to join you for lunch.
Chocolate chip Pancakes breakfast gang
for the first time mark was actually on the wrong
Mark has been on the wrong multiple times 😂 The best WRONG ever was when he told Jamie the creator of Doorbot aka RING that his company had to make $10M or $50M to invest, he didn’t see Doorbot could reach that so he went out. Years later Jamie sold it to Amazon for over $1B and returned to the tank as a guess shark and Mark didn’t like that bat all lol 😂
@@htvlogs80I heard ring had to raise more money from investors anyway for marketing, which would then lead Amazon to find out about it and acquire it for 1 billion. So while mark was wrong about it being non investable at that moment, he was right in that in order to be acquired for that much money, it needed a ton more money to be acquired for more money.
i think he hates aisan women becuz whenever he sees one he call them golden diger
@@htvlogs80 Wasn't he correct on that? Jamie had to get several other investors to get the funds, as Mark said.
It's all fun and games 'til your kid swallows that pellet.
Great advertising for them
That slim structure is sure from India, I just know it from the last woow.😂😂
I know that taking education in isl@m is haraam. Bangladeshi..... Don't share your opinion.....
mark is spot on. they are just here for the ads
Did they take back the deal
@@f687sNFM The deal closed; he is just a Mark fanboy in denial.
Mr. Wonderful, you wasting your time. Who come first, who the one get the billions ideas😉
Mark was right
Nope, Mark was wrong. The deal closed and Blueland is now worth 9 million.
we give u equaty and ur money back please take us ..lol why not xd
🇹🇹🤔⌚👔👞💼😌🥂Entrepreneurs are the real Presidents of a country.
Second comment
@Isaac Philip - are you as boring in daily life, as here on UA-cam?
first comment..first view
wow, put that on your wall next to your degree