Shark Tank US | Will The Sharks Accept Do Amore's Proposal?
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- Опубліковано 28 кві 2023
- Krish Himmatramka is seeking $600k for a 6% stake in his company Do Amore.
From Season 13 Episode 16
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Shark Tank US | Will The Sharks Accept Do Amore's Proposal?
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“You gave Lori a better fake diamond, and for that reason I’m out” -Barbara
I don't blame her! That's insulting.
I don't blame her I'd be insulted
Actually, I think that was a good strategy to give Lori the better ring, because Barbara was going to be out no matter what. 😂
Lol lab created diamonds aren’t fake. In fact their composition is made up of the same as natural grown diamonds. The only difference is how they’re grown. Lab created saves more lives as well.
Barbara ... like cars on proposals😂
Bro this guy legit had me so anxious and nervous, he refused the deals, countered, legit did everything he could. This was somehow hard to watch but it ended up good
Same here! Got me upset to the point I said I hope he doesn't get a deal and learn a valuavble lesson! 3% is petty!
@@Twiiisted84 3% is absolutely not petty. At his initial evaluation that's 300k. He more than halved his initial evaluation to make that deal.
Yeah Kevin’s deal seemed fair..
@@Twiiisted84 😊s
@@Twiiisted84 you’re not much of a math guy are you
He gave Barbara the cheap ring cause he knew she was already out 😂
lol
Imagine giving rich people trash and trying to sell..... shows you have 0 business
@@GamerTodayand you play fortnite
😂
😂😂😂😂😂😂
"None of my husband's have ever bought me an engagement ring, and for that reason I'm out" - Barbara
I give him a 10 for humanitarian effort. He`s doing good.
Humanitarian usually means a lot of money to invest. This dude with from 18k to 11 million in sales. What a lad.
Meh…If the humanitarian effort is only offered to increase customer acquisition & business profits….is his heart really in the right place?
He’s helping people…but it’s not like it’s his only goal, just like Mr Beast isn’t just giving away cars and houses for the hell of it. It’s for views.
@@BlkSpice Well he's doing great and people are getting more help the better he does. That's a good thing.
to grudy this
I think you can have a good heart by having a good mission AND make a profitable business as well and there’s no problem with that. It’s a win-win! If Mr. Beast didn’t have the business of UA-cam and other businesses he couldn’t do all the good he does. He’d honestly probably be making median salary without UA-cam and couldn’t do 100th of what he does with UA-cam. He certainly didn’t have to use his UA-cam funds to do giveaways either. He could be retired with a mansion by now. What’s wrong with doing good AND making money?
"I don't have an engagement ring and for that reason I'm out" like what 😂😂 Barbara really be finding the most ridiculous reasons to be out ong
its not rlly that ridiculous? it means she has no interest/ expertise in diamonds, hence she wont be able to value add as a shark to his company.
Barbara is so pompous
😂😂
Sometimes it's wild when sharks say those things. If they're not a personal user of the product they'll be out. I remember a girl who came in with a fake flower business with good sales. And they were so out of touch with the fact that most people don't appreciate a 50$ flower arrangement that will be worthless in a few days. A shark asked lori and Barbara if they'd be happy with it, and they Said they prefer real flowers. And they judged the business based on that.
that’s not at all what she said. she doesn’t have the expertise in the industry so what would she add??
His answer to Mark's questions should have been. That's grat if other companies can do what we are doing, that means more communities will be getting access to clean water faster"
Yeah but these sharks clearly don’t give two fcks about the cause.
youd think sharks would care about clean water!@@BarkaDog
Grat?
That's still not a good answer. The charity work & ethics is the ONLY thing that separates Do Amore from other jewelry companies. If the other guys start doing it, Do Amore will lose their novelty & they'll be crushed by the competition
Should have doubled down to call them out. Diamond mines have long paid workers garbage pay and reaped thousands fold benefits. The job can be done better. A lot better.
He has a great business. Had every reason to push the shark to the limit. Glad he got it done in the end.
It's not just the 3% he was willing to lose a deal on. He was already doubling equity offer to %12 from the original 6
The valuation he was asking for was stupid though, its 25x his last year profit. Kevin was right. Also anyone can copy his business model easily.
@Smood47 not anyone can do it. People wouldnt buy it if it was run by mega corporations. The only people who can do it are truly good people with good intentions like mr beast. But it's hard for a person with ethics and morals to make it to 11 million in sales without harming anyone or being unethical
@@mohamedhussein2780 Don't bring Mr beast into it... Anyone can copy him.. I don't even know what it was is it a charity or a business... There's cheaps of charity's that bring water to these communities as well as big business's to donate to them because ( I don't know about America but in Australia if you donate to charitys you get a tax write off)
“I wanted a Volkswagen, and for that reason I’m out” -Barbara
I used to walk down the park. I'm out - barbera
Barbara looking for the most ridiculous reasons just to be out 😂
"You inhaled the same air that I did and for that reason I'm out" - Barbara, probably
Actually to summarize, what she meant was she doesn't feel passionate about the industry. Not a jewelry person.
It's not a ridiculous reason, it's just a long winded story to state her reason
@Kelvin Chui even If she was a jewelry person she'd still find a excuse to be out
-Why give a reason at all,,,,Just say Hey I,am out.
@@auggie803 they all give a reason tho
@@blznft9513 Barbara: “I love jewelry, and would buy all the rings off your website. For that reason, I’m out”.
When Barbara is in the chair there are always 4 sharks 😂
He's already cash flow positive it's not a desperate moment it's an improvement. And he's already getting publicity from going on TV he's smart
Ohhh. Maybe that’s why he didn’t do Kevin deal. He don’t really need it too bad to pay back double
@@applebottomjeans204 triple
*gives barbra the cheapest ring*
Barb was out either way, this guy already knew 😂
Yup
This is such a smart business because I imagine it's quite overwhelming for people to choose the right ring seller and the right ring, so having the charitable and ethical sourcing aspects makes the first choice easy and then the website lays everything out to help make the other choice easier. Lab diamonds too.
Its an easy to copy business. Any major jewelry company can find a charity to attach their name to. Plus he has to charge alot higher prices for his rings to make up for the lost. Nice small niche market for him.
@@namhuy1216 Tbh what business *isn't* easy to copy these days, I feel like I see comments like this on every Shark Tank video lol
Not necessarily agreeing or disagreeing, just noticing that seemingly every single business is easy to copy, therefore trying to stand-out is almost impossible or detrimental.
@@jakebowen6856Meaning that the business must have Intellectual Property Licensing or patent at the first place.
Did you get it, grasshopper?
@@honor9lite1337 Please don't patronize me lol
@@namhuy1216 yeah but nobody will believe it not pay for it, it s a lot of work to give real info on where the money went who they helped and where, big companies would for 1 not tax themselves 20% and even if they did charities it would be something bs people see through
For once I honestly believe that Mr wonderful would have been a best partner
Mr Wonderful could never be the best partnet in a company with humanitarian mision
Humanitarian mission = tax dodging business, you cannot change my mind
@@ErPaSt well, at least is a good way jajaja
@@ErPaStwho cares when you can change the world for the better
@@thegodpotato132 just because they can, doesn't mean they do. I'm skeptical about so called charitable businesses
6:46 Mark: here u go Barb😅🤣
😂😂
I thought Kevin’s deal was actually really good (better than losing an additional 8% equity on a Shark who outright said they don’t have experience with this type of business). 100 dollars per transaction/sale until 1.8 million is recouped (3 x 600k) would give them 180k transactions/sales to pay Mr. wonderful. And with inflation going the way it is, as well as the sheer cost of jewelry, 100 dollars is almost negligible. If I were the business owner, I’d have retained more of my company.
You have no idea what you are talking about. Lol. He could have just gone to a bank then and got 600k for under 10% interest
@@BG1435q bank doesnt get u customers in the wedding sector kevin has so many companies in the wedding industry what u waffling on about
These types of companies are concerning to me. One of the problems of a lot of these “clean water” initiatives is that once the wells are built, there is no one in these local communities with the knowledge or skills to maintenance them, and they quickly fall into disrepair. I wish the sharks would have dug a bit more into the logistics of the charity portion of this business. Are they hiring and training locals to maintain the wells? Are they providing regular maintenance other ways? What is the ongoing, compounding cost to keep so many wells functional around the world?
same with the solar panels we send. they dont even know how to set them up so if something goes wrong, good luck !
I'm Haitian and I'm happy that this entrepreneur want to help us i will buy from this
What a salesman! Negotiated to the very end and almost lost out but made the right move as time expired.
His energy and business are awesome!
One of the best if not the best presentation I’ve seen in a while
Barbra: And what did you give Lori? 😂😂
There are two primary reasons why this deal happened. One, because the entrepreneur was impressive. Second, there was a social intent complimenting the business. Deals like these are likely to encourage other entrepreneurs to think on similar lines and take the road less travelled...🎉
Not necessarily, especially when the social aspect is actually crippling the company's profitability.
he does 11m in revenue and mr wonderful is saying his 10m valuation is insane? lol
6:00 " i've never even bought jewelry"
- Barbara, said while wearing the biggest diamond earings I've ever seen
I believe he still folded even though he got a deal Mr. Wonderful was the shark you would actually want to go with he literally knows and runs that space unlike any other shark I believe he would of helped them and opened more doors for them
I believe he didn't want to go with him because of the humanitarian mision of the company
Just out of principle I wouldn't accept an offer that high. They keep doing it and making high offers because a lot of entrepreneurs are simps and have no backbone. I'll gladly keep what success I already had going and forfeit any potential growth with Kevin just to show a little backbone. People out here would blow him in the back of the studio to increase their net worth.. pathetic.
@@mrbong123Idk...the point of the sharktank is to find someone to help scale your business. If he would've gotten Kevin then he could donate even more money to his cause...sacrificing that growth of his mission for a metaphorical backbone is not worth it to me tbh but eh.
On top of that Daniel took 12%/15% vs Kevin's 6% with a royalty that dies with the 1.8 million. So he lost even MORE of his company than he would have with Kevin.
@@crazychris1123 that's totally you're prerogative. I personally would choose to not be taken advantage by a rich sleazeball. The offer is insulting. By him even uttering it is disrespectful and shouldn't be given a shred of justification by you or anyone accepting or even entertaining an offer like that.
For a guy who's business embodies one of the most important decisions of ones life, he is rather indecisive.
The Thats Very Nice At The End Kinda Showed His True Side
he's done an amazing presentation, why are they treating him this way ?
🦈🦈🦈 he's in the tank with the sharks
it’s an intimidation scheme luckily most of these entrepreneurs aren’t bothered by it
It's about numbers not feelings
Millionaires is why. This is how they talk.
Honestly its successful because its lab grown, the clean water just gave it that push above the rest, genius marketing honestly
Good Indian guy I must admire for helping poor thnk brother
Music in shows always gets you into the show more. I'm sure when their recording this live there's no music right?
Not just anyone can do this because this man’s message is PERSONAL And UNIQUE to HIM.
Kevin would've been a way better partner. 6% plus small royalties which wouldn't have effected him with his margins. He is Mr wedding.
yeah, almost 1.800.000 is no biggie fr
Many businesses should follow this model for humanitarian help for the world. Just 5% of every company in the world could do miracles.
These people really don’t understand what they’re getting when partnering with a shark. He almost lost a big investment, money and knowledge wise, just because of 3%
The sharks are going to 100x their business anyways, I would almost take any offer if I was these entrepreneurs
Love u too
@@drpepper7801 I love you Dr Pepper
@@moose6790 was talking to Daniela
@@drpepper7801 damn I got rejected
Lab created: Secretly made of gravel, sand, and common rocks heated to 2K degrees Fahrenheit. Just like the impossible burger.
I'm totally agreeing with Barbara. Buying overpriced monopolized rocks that only cost a lot due to artificial scarcity, is ridiculous and people should be ashamed
But we're ashamed. 10k in the drain.
Thanks for this amazing information!! If you don't find a means of mult'iplying your mo'ney , you will wake up one day and real'ize that the money you tho-ught you had, had been exhau-sted. Inves-ting is a lad'der to cli'mb the finan-cial wall
Absolutely, my plan is to start trading Bitcoin full time, I will also need mentorship. Thanks
Stack more Bit'coin when the market dip👌
Wow am shocked someone menti-oned and recom_mended Ellis Gregory I thought am the only one tra'ding with him
Wo'w so nic'e, seeing people ta'lk about Ellis Gregory I ju'st ma'de my fi'rst with-drawal, tradi_ng with him.
All thanks to my aunty who intro-duced him to me.
@@antoniocruz6398Who's this profe-ssional eve'ryone's tal-king about, I always see his name at top comments on every You'Tube video I watched
Can't wait for them to work on Flint Michigan
Right!!! Why no one has tackled that huge water issue there though? Or maybe that issue was intentional. I am very shocked that somebody in the US doesn't have clean drinking water like it some 3rd world country.
lmfao
I really love this idea I’m actually obsessed
I love how barbara always gets mark to laugh. They need her back
11M in sales and 10M valuation is crazy? What how?
It is crazy the world is 3/4ths water, and people still can't get fresh, clean water, it's actually a damn shame.
Mr Wonderful was the best Shark. That’s his industry. Sometimes you got to pay a premium for the experience. He got a very rich Shark with less experience in that world… bridal industry.
I would take Kevin, honestly. He has a lot of contacts in the wedding business.
01:46
Kevin is trying so hard not to laugh
it would be nice to help Flint get fresh water instead cause at least we can see it, somewhere overseas we have no way of confirming this effort
Yeah, they never mention anything locally because operations would be more transparent and they probably wouldn't be able to get away with as many tax loopholes.
I hate it when someone offers their business with the frill of humanitarian aid or donations. they camouflage behind it. in my opinion it should be done separately so that the impression is not like a scam.
Mr. Wonderful is the show. By the way I'm from also Houston texas too
Kevin has the wedding industry on lock. What a mistake to go with the food guy for more than double the equity
Barbara: “Nobody’s ever proposed to me. My husband won me in a raffle. So I’m out.”
"I'm already married, and don't need a ring so for those reasons I'm out"- Barbara
I'm always skeptical about these do-gooder businesses. Usually you wait a few years and go to those places where they're supposed to be doing good and it's mostly just for show or at best a mixed bag
I couldn’t understand why he had to keep thinking when he had a better offer.
I think if Kevin has an existing wedding business, he should have picked Kevin as his partner. The valuation would be what he had in mind, but he needs to pay Kevin for partnering up with his wedding business.
Don't contestants realize that the televised deals are still tentative? The real number crunching and legal scrutiny comes in the backrooms afterward. I would advise any contestant who frets about a couple percentage points in equity to just take the deal. The shark may be more lenient off camera.
He wasnt here for a deal, he was here for exposure.
he literally got a deal..
my man here smoking the lab diamonds before commenting
I love Barbaras philosophy about wedding and engement rings...they are a waste of money and you could have a nice car or something else..also I look at the women today and all the rings look the same a symbol of commitment and love shouldnt be 2k-25k ..its in your heart and values ...buy something you need or some nice trips to make memories...I have a friend who got a cubic zirconia 2 carat size..no one cares and it looks like all the others
Great comment😊
-Rings are just to small to be really noticed & as a result they all kind of look alike.
Well Daniel will be donating 3% ro something the guy is passionate about so it's a win win.
His story could be a movie
Good one..
Dude said "that's nice" to Daniel's 3% donation to the water project, which showed he cares zero about that part.
I liked Kevins deal better. He is in this space and his portfolio has a lot of businesses that would help him.
“I got a pair of Skies and a Beatle VW Car and for that reason I’m out”
- Barbara, C
I was almost rooting for this guy to not get the deal
Definitely invest in anyone from India. Smart n hard working, great life values
Nice presentation
How about a Water Well in Flint, Michigan....
they still have bad water?! //.
@@alterartgn But Obama said it was fine.
What a great Idea. Wish I had thought of it
Good cause loved the guy
When Daniel realises lab grown diamonds selling price drops quicker than mr wonderful a hair.
if they are under one carat, yes
Indians love bargaining...so in the end it may be stressful for others but that guys was having fun ;)
Mr. Wonderful is the Grinch of economics.
I'm single always have been single no1 wants me coz I'm crazy and i always go out, and for that reason "I'm out" - barbara
Donating the 3% to the deal just offsets the deal by 3% which works out well.
“Ethically sourced diamonds” are blood diamonds and are in no way ethically sourced
Barbara: "I only wear blood diamonds... I`m out!!!"
he was about to lose daniel as well, so close
Barbra was furious she has a dollar store ring 🤣🤣🤔😭
1:24 Indian map is not correctly shown....
@UA-cam..
I like this guy!
Never argue with Lord Cuban.
When they said it's not bad you must be scared
It's such a nothing product any company could claim to do this. And it gives me real vibes of that company that promised to plant trees for every sale and then shocker never did.
pornhub did plant trees🤣🤣
Who else was screaming at the screen"take the OFFER!!"
“Nobody ever gave me an engagement ring.” We can tell.
One thing sharks needs to learn fro do amore is once u have good cause the money flows no matter who will jump in. Thats the reason 18k sales went to 11 million. Do u see gods invisible hand
Barbara: you have made a pitch, I'm out
How to be a NRI dude on Shark Tank US 101
- Come to the show with a product which is wayyy cheaper in India or Asia than US
- Come up with a story of how your parents moved to US with 5 dollars in their pocket.
- Come up with an equally BS story about providing drinking water to even a country like India.
10K USD for a lab grown diamond ? Seriously dude?
Who else watches these and says out loud "take the deal!!"? 😂
He made less than 100k with 8 million in sales. Smart business.
Barbara acting cute here for reacting for 3400 dollars ring
An Indian guy who doesn't know what an Indian map looks like
You can tell that his internal max when he walked in was 10%, because he thought Kevin was the last shark and he wanted to give his best offer before he walked away. But then Daniel jumped back in. Daniel was able to squeeze an extra 5% out of him in the heat of the moment. Another victim in the shark tank.
The only ring company I'd buy from
Beautiful! ❤
Kevin O'Leary is a badass money making machine