The Sharks Are Amazed When Ketchup Rolls Right Off Of Baobab's White Shirts | Shark Tank Global
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- Опубліковано 26 гру 2021
- Brandon Davenport and Marcellus Alexander are seeking $150,000 for a 10% stake of Baobob
From Season 11 Episode 4
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If they have a patent on the technology to resist the stains, they need to be focusing on licensing that technology to other companies rather than building a clothing brand.
*No they don't. I saw a video of similar thing years ago and it wasn't these guys I saw in that video.*
the pathent pending is on the collars xD they are never gonna get it... the argmentation is... "yeah we are the first ones to do it on polos", and the answer is "yeath, but it's been done for ages on shirts and t-shirts"... and the answer back is, "yeah but we are the first one to do it on polo"... creating a 3k loop per answer xD
@@Grekey. is English your first language ?
I agree, like dupont licensing teflon technology. But i'm sure they didn't come up with that kind of breakthrough with only 32 K
@@aivenjohnson875 with that name?
Barbara: "I am not even in this episode, but I love that Baobab sounds like Barbara, so therefore I am out."
My name is Shane and I’m stuck in 2010. For that reason I can’t find a new joke. I’m out
@@Kk-vo3yn your weak
@@MrSnoopaa your mom doesn’t think soo
@@Kk-vo3yn your mom joke NICE… ironically KK is stuck in 2010
@@JordanBanks. Lol, true Dat
At the end when they said they don't get how they didn't get an offer I literally laughed out loud. Business is more than an awesome pitch guys
Meanwhile, during the show, Mark asks a question trying to understand how the business works and they respond with “let’s not over complicate this” 💀😂
Product is the only thing that matters. They're just starting, how can you expect great sales so early? They can establish the business with proper guidance.
There's no point in investing thousands in a tremendously profitable business, they should help these budding guys instead.
He said that sentence because in the beginning everyone loved the product and suddenly when they hear sales they go like "It's nothing special". These are just excuses, if you want sales, don't talk bad about the product. If you love the product, why can't you invest and help them to kickstart?
@@_sayandas it’s pretty simple. They are looking to invest in a company with competent people running it, not just a product (they like almost every product on the show, btw). There obviously already very successful and not looking to run another company full time. The point of the show is to mentor and help talented entrepreneurs build there company and these guys were obviously lacking a whole lot of talent lmao. And this product wasn’t even that good😂
7:25
This is a great example of how things can turn from good to bad 😂
I can’t not believe he said “let’s not complicate this” when mark was trying to pry into questions about their business 😂
I guess that's where he lost him.
YES you are right .. just a good product high priced and pair of unprepared ducks 🦆 CAUSE THEY DONT KNOW HOW TO WORK ACTUALLY NOR HAVE THE DIGITAL KNOWLEDGE FOR IT .. they just depending on some basics and not selling even
that is how you lose a great offer...let's hope it a blessing in disguise
@@RicJamesProductions I mean a UA-camr did recently review this product (wasn't sponsored and he adored it). And this was filmed in the summer so I wonder their sales now 🤔
Exactly. Either they didn't know the answer or, and this is possibly worse, they didn't do their research on the sharks because I'm pretty sure Cuban would have been able to follow any techie answer they gave. Shot themselves in the foot here. Point blank.
"Let's not over-complicate this"
Mark was trying to help them and they just shut him down
thats what i thought, the left guy didnt know how to approach the sharks, if only the right guy doing the talking i am sure they could have get mark with them. mark was definitely interested in the product, but the person, they are hard to communicate with.
@HungryDaddy exactly!!!
That statement was the kiss of death, case closed.
They just wanted to be on UA-cam. 😂
Mark's whole energy changed.
This show will definitely get the advertising out there and hopefully increase their sales.
Not with that name and people
@@waflletoast11 yea the guy on the left was inadequate
well this happened with every shark tank company deal or no deal
Every one of my t-shirts has a stain. I'm a t-shirt and jeans person. They are limiting their base.
@waflletoast11 right? It's a dumb name
When he said “How bought a name people can pronounce let’s go with that” I lost it 😂
But he's absolutely right! I hate companies that blend words, or have a bizarre name.
@@opieutt9038 Yeah I've seen this episode a few times and I always forget how the name is pronounced
Name doesn't matter, people go for quality not name difficulty.
@@opieutt9038 you hate them until they get big and everyone knows the name.
@@DailyShit. Not really, I like cotton or wool, not synthetic weird material.
Am I the only one who kept getting so irritated when the guy in the white shirt kept talking over his partner 😅😭
LOL! this partnership will break soon
It disturbed me a whole lot. 🤦🤦🤦🤔😒🤨
Irritated to the core. Test was their downfall.
Soo irritating
He's probably what messed the Q&A up, didn't listen...too eager to speak and interrupt.
The shirt is amazing, and sells itself. However they dropped the ball in explaining the business side of this for an investor. I think they need to change their prices and target the large department stores which will allow bulk orders
They might have to change the cotton type to accomplish a sizable price decrease. Pima cotton is legit, and pricey for a reason.
nah, the stain repelling property can;t be demostrated in the racks of department stores, it's a social media product.
@@simonbutler377 i agree.. plus they've had sprays that do the same technology for years. Can literally coat anything with it, which is why he struggled to explain their process. Their pitch was cringy and their communication was awful. Nice shirts tho lol
every mf in the comment section suddenly a businessman
The game of the "thieves masters" (.)
They were right, they hit their target each of the next 6 quarters and crossed the million dollar mark just for the year 2021
they did? wooooo Amazing
A big part of that was the advertisement they got for being on Shark Tank
Cool
BECAUSE of Shark Tank, that's the ONLY reason why.
@@Moon_Presence only reason? The product is amazing too
They blew it....dudes needed to be prepared for questions and allow each other to speak.
Lmao the way Robert just got free intel from them about how they make their shirts for his own company then backing out
Basically lmao he's going to buttercloth and letting them know the tech and will make this brand nonexistent
I absolutely agree and you can't blame him, he is a shark after all lol. But those Buttercloth Icy Cotton Polos are game changing. They are pricey, but you can literally feel the cooling fibers when you wear them.
There are tons of companies that use cost their fabrics in some sort of formula during the manufacturing process to make them stain resistant. He’s just gonna go find their competitors, make an exclusive deal and take over that market.
Shark at its finest
It's not the krabby patty secret formula, this technology is been used for decades
Gotta love mark. He asks questions and wants to know everything about how they work
It’s all part of the script
Thanks John Shit
Yeah sometimes hes an idiot! Thats why the guys are there...thats the point.
Yea no sh**, he’s looking to invest…
China loves him a bit more
The fact that the person in the white shirt kept on interrupting his partner just shows how they didn't quite talk it through beforehand, but more wants to get things get done his way.
been looking for this comment. I felt bad for the other guy
Your average consumer is not going to pay $98 for a polo shirt.
The average consumer doesn’t have even 500 dollars in savings. They shouldn’t be buying iPhones, however they do
The guy in the white polo was talking over his partner. I can understand the anxiety that suddenly grips you in the tank of wanting to impress and close the sharks, but it looks like they had a plan and he just went off rails. He should have let his partner speak more because I was definitely more interested in the product when he did.
It's not about impressing. It's about the business.
Even the sharks were talking over the presenters.
@Markel Raya worry about the business. That is all they care about. That is how they will be impressed.
Bruh, the white polo guy was clearly doing the right thing because the other guy just asked Mark Cuban to shut up
@@mkhanman12345 Impressing = obtaining investor money. What is wrong with doing both? "Impressing" AND being all "about the business."
I believe Mark was in it for them to win it but they could not answer his question because they were not prepared. If you are going to come on a show like this make sure you are able to answer the top questions about your product. These sharks want to know how you think ahead of the game of everyone else if they are going to invest their time their money and their reputation. Be prepared
YES you are right .. just a good product high priced and pair of unprepared ducks 🦆 CAUSE THEY DONT KNOW HOW TO WORK ACTUALLY NOR HAVE THE DIGITAL KNOWLEDGE FOR IT .. they just depending on some basics and not selling even
This!! You have to know the inherent issues of your product.
It’s also a lot on the product. These sharks could easily hire consultants to team up with the entrepreneurs and help them up their game but the problem is that these polo shirts are very competitive in the market. There are a few below average pitching but get good deals on shark tank for example
Literally just needed to say how they get customer's attention, how they manage that relationship digitally, what digital marketing tools they use to convert to sale, how they nurture repeat sales. All they said was we use Facebook ads and sometimes Instagram. When a customer clicks do they buy from a landing page? Do they go to their website or amazon or shopify store? Do they follow up via email? Do they use fb data to re target ads for follow up sales...
Also, how durable is the stain repellant treatment? Can you wash with any detergent? Is there anything you can't wash with... Probably lots of this needs better communication to convert more sales
I can’t believe he said “let’s start with a name people can pronounce”… people say Swarovski and Louboutin all of the time!
Yeah that was kinda offensive smh, especially because he was so polite talking about the meaning with them.
A catchy name does provide a good sales and the name wasn't... But yeah it was rude to put down the name without even hearing to the meaning and philosophy behind it
dont forget louis vuitton lol
@@MicahMatrix Man even the guy pronounced the name wrong. He called it Bao-BOB and then Bao-BAB. I still don't know what it is. Name sucks
Tough day at the office but it was (for me at least) pretty obvious that Mark was very interested, and I was shaking my head at the answer(s) they were giving him to his question, it was almost like digital marketing wasn't their specialty and were just trying to finesse their way around that explanation. Also, them talking over each other wasn't a good look, they needed to know who should answer which questions when asked.
When they said Facebook ads it was over lol
@@jlm1567 a lot of businesses advertise on Facebook, Instagram, and Google. Mark actually threw them a bone and it went over their head and spitted out word salad
@@morningsunshine0216 Facebook ads are dead my friend, hence the reference and shows the lack of digital marketing knowledge these clowns have.
@@jlm1567 what's the new trend in digital marketing?
@@ktrades2898 Sensory AR/VR Pansexual Stimulation
The pitch was not the problem. They needed to listen, interprete, and leverage the opportunities thrown at them via questions.
Agreed. I found the raised hands and let’s not overcomplicate response a bit defensive bordering on dismissive rather than assured.
Yeah, I wonder why they didn't answer the question? Cuban was just asking how they advertise
They got too caught up in the pitch and didn't realize what was being asked before was too late. Hopefully they realize and adjust
interpret*
The thing is they don't own the technology
This mean anyone can create the same business
Baobab is doing really good now. Props to these guys
@8:59 LOL! If only they didn't "Simplify" their marketing skills to Mark, they could have had the deal in the bag.... Anyone can say we have the skills, experience and tools to make it = just words/talk... instead of getting into the details on how they do it...
Barbara: I like Ketchup stains on my shirt, and for that reason I’m out.
Great product
Great presentation
I would say, even airing them on such a big show is enough for them to become successful
At $100 a piece I don't think so. They need to lower the cost.
@@hullie7529 yeah fuck buying a $100 polo shirt
@@stanvanillo9831 1200 for one polo. Okay, I am out.
@@artisticskillz01 mind you they're based out of New York so most customers around there are rich
@@kevinbyrnesjr.8378 most people in NY are not rich, you’re smoking crack.
Never give up keep pushing , you guys have a great product, you can tell when something is going to blow up
Usually/almost always, the title for these Shark Tank videos are summarize the highlights or most surprising/pleasing things that happen through the video duration to get viewers to watch them, so when I saw the title of this was just the Sharks being amazed by the product demo and not anything similar to the sharks clamoring to offer deals, I knew it was improbable that they actually got a deal because the only calm and pleasing thing throughout this video was when the Sharks liked the demo+
When he said “ taking our tools, knowledge, and experience to apply them to our company” I cried!! The only few words he said!!
what?
Mark Cuban wanted to know what specific "tools", "knowledge", and "experience". And they gave the most abstract answer. I knew they were done after they said that.
@@Bucky_88 oh okay, thanks for clarifying
Why cry
my only thought for him saying that was to not give out his strategies for free if theyre not getting a shark
"applying our knowledge and experience to our business" is really not an explanation at all, mark was right
Yup, that was a poor, vague response. It was obvious Mark was looking for something more specific
Yea they needed to prepare better with that specific topic unless they outsourced it...
atleast talk about your website or app, i was just waiting for them to spit out anything that had to do with sales and technology...
What I heard was buzz words buzz words buzz words
"How about a name people can pronounce? Let's go with that." Ha. Gottem!
The look on his face at 5:27 lol
Didn’t even listen to hit story about the name. Gottem? Wdym if a shark/dragon doesn’t even let him finish his sentence nothing will happen:
Shark: hello what is your product?
Person: it is-
Shark: tsk tsk can’t answer, how much is the cost:
Person: it costs-
Shark: tsk tsk can’t answer. I’m out.
@@sam00305 I know, the look on his face, the guy was speechless! O'Leary definitely gottem. That's what made it funny. The sharks can be ruthless.
¯\_(ツ)_/¯
That standing collar design with the insert. I have been seeing it around since 10yrs now.
They didn't have a proprietary material and even said that they are just selling their skills. Mark actually went along with it to test their digital marketing skills but they kept selling the shirts and material.
The guys could have got Mark but they were not answering straight re their digital skills - if they said we're still learning they'd had a better shot, instead it was all defensive and detracting answers 'that's the great thing about digital' etc which indicate it'd be difficult to get straight answers if working with
Agreed, I’ve found that being honest about when you’re not an expert in something and showing willingness to learn will get your farther in life than the “fake it till you make it” bs that people spew. Smart people see through that
*gotten Mark
Wishing these two brothas luck. Great product and vision
😂 he said let’s start with something someone can pronounce… sir all these major designer names nobody can correctly pronounce 😂
8:20 when she said “I will definitely be a customer” 😂 the guy had a confused look, like “we only have a men’s selection”
Probably get one for the Scrub Daddy guy lmao
At the end they were like “ I don’t know how we didn’t get a deal”. Hopefully they look back to what the sharks said to them including getting more sales. But hopefully being on the show will get them more sales.
For comments like this there should be a spoiler alert for those who aren’t done watching :/
They are doing 1 million annual profit so yeah big opportunity missed.
Blah blah blah
@@GabrielYYZ Don't go to the comments until you've watched the video then?
@Digby Dooright duh . If it’s polo it’s going to be pretty high .
It’s cool how Daymond and Mark react with positive body language when these two decent looking young men walk up. First impression goes a long way.
This was a great pitch, for a great product and I feel they should have gotten a deal, but I really feel for them. I think they will still do great .
“When your shirt fades, and goes from classy, to ashy.”
This sent me 😂 I was not expecting that
Wait - so they had “digital marketing experience”? I 100% agree with Mark here
The Shark Tank channel misspelling the company's name in the description is a testament to what Kevin was saying.
6:17
He got cut off so many times
Poor guy in the black polo couldn’t get a word out 😂
He got a chance to explain how digital sales were being done but he didn't explain
However when Mark asked him to explain how they do their digital marketing he said, "Let's not over complicate things". They had an opportunity but blew it.
Cool concept. Not certain who their target market is at a $98 price point. I would certainly buy it if it were half the price just to try it out.
Half is over 45 bucks. For a polo shirt. They'd need to get down to 30..thats absurd
I love polo shirts, I buy Hugo Boss polo shirts that run around the same price (if not more) and they are basic polos. These polos are badass, the only thing I don't like is the brand. But it literally is the perfect polo.
I see that shirt doing great in country club golf shops.
@@noelr1010 Name of the brand is not such a big issue. most brands got names in other languages that are difficult to pronounce.
Yes like 49.99 is more reasonable
@7:28 he lost Mark Cuban.... Mark is asking him to Overcomplicate It!!! Explain it!! the other guy and he just got cut off by his partner... bad ending to a good pitch
These guys should go with blankets sheets, sheers window covering and light shades etc.
The "stay flat collar" has been a staple of many men's dress shirts. Van Heussen, FUBU and other brands have it.
I could be wrong, but I think maybe the patent is for polo shirts to have stay flat collars, as opposed to the regular dress shirt
You're right, but not on polo shirts.
We know that but not Polo!
@@harryquinn3879 I still don't think they can't patent it. New polo brands come up every other day so they have to be a million percent sure that out of the million known and unknown brands that there is no one who does it.
the thing is that these guys are so small that they can't afford to go after copycats that rip off their 'patent', they simply cannot do it.
The fact they talk over one another while trying to pitch the sharks turned them all away
Keep going brothers you on the right road don’t give up they just helped air your brand congratulations 😂
Extremely proud of these guys. Well done.
Why? Because you guys are oOoga bOoga monkeys?
They should focus on fast food workers and companies like that etc. they would love to get uniforms like this for the workers
There is no way in hell any fast food company would give their workers $98 shirts, nor should they.
It's not the shirt they need, it's the shirt they deserve
Why would any fast food corporation buy premium uniforms for expendable minimum wage employees that are in an industry of high turn-over rates. If you aren't a high class restaurant, you'll go out of business for being stupid and buying these products. Besides, corporations don't care at all about their employees so pitching this stuff to them would NEVER work.
@@xlncy No it’s not, because cheap shirts work perfectly fine for fast food jobs.
@@arcanaz6583 People on social media love to overvalue the work done by fast food workers. It’s the easiest job there is, albeit boring. I’ve done it before. Most people leave when they start getting bored of it. Not in any realm would any fast food worker ever deserve a $98 shirt; that’s not because they’re not good enough for it, just because their work isn’t that important.
If they had sold to Mark properly they would’ve walked out with a deal it’s sad to see they failed at that part
3:15 dude smiles then looks sad
0:40 - Amazing Chappelle's Show reference
I love when they all talk at the same time. So much content at once! Amazing!
In the last 2 months we’ve done 35 thousand…Kevin : “THATS NOTHING!! “ 😂
nothing to them yes. They are sharks, not dolphins or anchovies. 35k is like big for us anchovies but for them sharks? nah
@@jadentran9895 Stop all of that glazing and get up off your knees every once in a while.
I hope there is Shark Tank Philippines so other entrepreneurs can also make ways and have expert support in business and selling..May the tycoons in the Philippines convene to start Shark Tank Philippines..Shark Tank Episodes are very informative and talk are realistic
Felt the same thing. I watched 6 videos in a row and never saw a happy ending. All of them were declined by the sharks and still can't process it til now.
These shirts are coated with a water/liquid-repellent chemical (hydrophobic chemicals). This chemical/technology has been used for at least 15-20 years for coating fabric, boots, paper so that they don't get destroyed. You can buy it in spray form pretty cheaply. I came across it at least 15 years ago in form of spray coating for workmen's shoes. This is not new and certainly requires no research and development. In fact, there is some concern over the hazardous effects of these chemicals once they seep into the earth. Probably because of legal environmental issues big clothing manufacturers did not run with it.
You can see a demo here:
ua-cam.com/video/BvTkefJHfC0/v-deo.html
For the old timers, they've been around even longer, Scotchgard.
Thanks for sharing this info, there is always something new to learn
@@Me4king Scotchgard is REALLY bad for the environment.
Stuff that is a forever chemical we are only just becoming aware of. Plastics, coating, nano tubes, micro pellets. It's in everyone's body now.
@@holdenwinters68 Yep, just like what William said below. Unfortunately it's everywhere in basically anything that's been designed to be waterproof or nonstick.
The reason I believe they didn't get the deal with mark is it seems they lacked the expertise needed for the marketing field. I would have thought selling the patent for their technology would have made much more than the clothing company itself. I'm sure any of the sharks would have bid on on the patent.
It's not even their technology, though. Just they put it on a shirt and tried to sell it.
@@cakecheese2895 ? That's literally what I said. They are trying to sell a clothing brand. Not the technology itself.
@@LordErebus no you didn’t, you said they can patent, which they can’t…
@@erroneouse1929 Are you stupid? You can sell a patent. They should have sold the right for other people to use their technology.
@@LordErebus That's literally not what you said. You said they had a patent on the technology. They don't. That was what Cake Cheese was saying to you.
8:59 Yeah bro, that's called waiting your turn to speak instead of listening
“Let’s not over-complicate this”
Also them: picks a complicated name to pronounce for their clothing brand
I could feel Mark wanted to do this deal, but they just couldn't sell it to him !
That's quite literally what he said lol
I feel like digital marketing is a hit or miss... there is no special suace... you try the few options available (social media) with the standard digital marketing tricks & just fingers crossed it'll blow up & go viral of sorts.
The digital marketing playbook is already all out there free on the internet.
@@nic4633 I could feel you wanted to tell Subhajit Dam that Mark said this.
They weren't direct enough with their answers. They were really vague. They kept talking about digital marketing when all they were doing is running Facebook ads and overpaying most likely. Anyone can do that and can probably have a lower CAC.
Barbara: "Im in, and for that reason I'm out"😂
They should’ve came in looking for a way to either sell the product further or (more realistically) do a proprietary licensing deal to different manufactures.
The guy in the white shirt really needed to SHUT UP so his partner could talk.
All he has to do was this one bit and he failed 😅
LOL i have been using these 'stay flat collar' tricks for years now
Lol, i bought my shirt from zara back in 2017 even that shirt had flat collar thing so not new...
These are in every dress shirt i ever bought. Nothing proprietary about it.
Exactly, how could they be getting a patent on that?
The Guy in the black shirt would have sold it if the white shirt guy would just stop speaking for a second
These guy's are going no where fast..bc they shut out Mark trying to give them advice..LOL 😂😂
Sharks got what they needed to know , now they can apply it to their own brands😂
I have to wear polos for work every day. I will for sure check out this product. For me it’ll come down to how comfortable it is and if the collar stays down with minimal effort lol
100 dollars for polo shirt.. think again... comparing to 5 dollars cheap polo shirt
I checked you can get anti stain polos for much cheaper too from China,,, like 10 bucks 🥴
@@minifuzz2531 Count shipping and minimal amounts to buy
@@cope1945 it’s still less expensive compared to their $100 shirts
You can get the product for a way cheaper price.
05:14 “Boo-byab right” no, “Bayo-Baab”, “waaat” proceeds with “Bayo-byab” 🤣🤣
“Name it something that’s easy to pronounce.” That’s a wild statement to make.
Mark: I'm a tech guy. Hit me with the details.
Co-founder: I'm gonna give you a response so vague even my non-tech grandma wouldn't buy.
4:48 Smooth way to ask the question so that he can do it himself with his other already owned company.
Aaaaand that ending interview perfectly explains why they didnt get a deal. They were literally told how they fell short. If you still think you’re perfect after that insight then you just arent listening
I hope they find there nitch ! this will be a blessing in disguise..
Congrats they will still make it after being on this show. What a win win
This sounds like a pretty cool idea. My polo shirt collars are not staying up, the microfiber "tag", and the stain resistant cloth are all pretty cool.
The way he leaned into the coffee 🎉
Man had a idea for cleaning glasses too like the inside of your jeans being the cloth lol !! But
His idea WAYYYY BETTER !!! Genius ! Lol
I am not a ketchup spiller of white shirts...and for that reason I'm not paying a hundred bucks for a polo.
It doesn’t shrink or fade. Also, no one is a ketchup spilled unless you’re a toddler . Shxt happens ! With this material it prevents all those main concerns!
@@sethhoward9300 not worth a c-note.
I’ve paid more than 100 for Ralph polos that didn’t do any of this 😂
And we care why
@@sethhoward9300 bullshit
I can’t believe how gentle the sharks are compared to the dragons 🤣 This would be a massive slap in the face to the dragons 😭
The dragons?
@@loulou391 Yeah, I am also here wondering what that is.
@@Gauoobin sounds interesting though right lol
@@Gauoobin i searched it up. It's called dragons den. Read on Wikipedia
@@loulou391 Dragon's Den, it's the UK version but it was out before
"lets no overcomplicate this" proceeds to explain nothing related to the question
8:59 "Our experience behind the digital side". They keep saying that but when Mark ask them to explain how they doin the digital side, the guy said "lets not overcomplicate things". We get that you're good at it, what Mark wants is how and prove that you are good what you said you good at.
i like how damon looks when they walk in. i kinda picture him being like "ahh yes some fellow fashionable black gentlemen, welcome"
Honestly Those guys got this business in the bag. they don't need a a rich investor to be successful because they have something that 90% of the people on the show that don't get a sharks help, and that is an amazing product. I hope they achieve their dreams and i wish them all the luck.
Regardless, they still got a huge amount of exposure from being on shark tank they making it forsure
That’s the thing tho, they explained in the video that they are not the only ones that sell this type of polo. Nothing is stopping a different competitor from selling a similar shirt. Their business valuation is only based on what they believe they can project for sales in the end of the year. 90% of that sales isn’t solely because of the product, it’s the “Digital Marketing”. That is mainly the company’s asset, it’s their ability to create and market with their media and so-on background. It’s not about the shirt, they are asking to invest in them, not the shirt.
@@jerikosuratos and they've proven to be business liabilities. They couldn't give them an answer that wasn't vague. "How can you show us that your sales will reach your valuation" "we will take what we know and apply it here"
Jeriko Suratos who else sell this polo? I haven’t seen anything like this before
@@christopherfrost3333i’ve seen a t-shirt just like this
Seems like a great polo. I hope they do well
This would be gold in the restaurant industry
85k in sales does not equal a 1.5 million dollar company. Thats how you didn't get a deal and what you have to process.
Everyone wanting an update: They are currently doing $1 million in annual revenue
Hasn't it been like 3 years.
I feel they were to focused on the product itself and didn't focus enough on how to scale the business, cut costs , and increase revenue. Ultimately that's what you're pitching to investors and I feel like that's what Mark Cuban was trying to get out of them. When you create a product like the shirt you know it's great and let the product sell itself, explain a few key features, the innovation of it, and move on to how your going to get it in everyone's closet by the end of the next 2 years. The sharks know it's an investment everyone is seeking and I always feel it's in the business side and numbers where people fall short.
“Let’s not over complicate this” -famous last words
The bottom line was Mark wanted to know who they were going to target. If they could've said "we started targeting X by doing Y and it's resulted in Z", he would have made an offer.
This is literally one of the best inventions I've seen
When he said” let’s not complicate things” over questions, I now get why his partner would let him talk.