They were smart, the Shark's desperation was so obvious. They were practically drooling. Being mostly silent was the right choice. Let them make the offers, and accept or decline them. When you do accept, then add your contingency. Never seen someone sell the Sharks so effectively.
I think those sharks were trying to bottom feed trying to take 33.3%, I wouldn't of given them more then 15% Naomi was getting very angry cause they didn't take her offer straight away
@@TM-un8dk If I had a good business idea, "Shark Tank" or any other tv show is the last place I would take it. You sound bitter and full of yourself. What have you invented? What business do you run? Did you make a deal with the sharks? Lmao, Shut up
I think that's because they had a great leverage, their product. Naomi was very very interested in it so she lowered her offer. Any other product wouldn't have got so much attention
@@aniketbanginwar For sure. With subjectivity and their crazy low earnings for their evaluation, I did not think they would leave with a deal. One of the more exciting pitches :)
Yeah if shark tank really isn't staged, these guys negotiated better than anyone I've ever seen on the show. Probably walked in saying "We'll get em at 1.25"
"I'm getting Pissy" if a grown man or woman told me this during our first meeting I think I'd immediately say "You know what? Not interested in your offer. Have a nice day" She is going to be hell to work with.
@@ZeranZeran you my friend are sadly mistaken. You have never been in business and probably will never be. You get that riled up on someone saying they’re pissy? Lmaoooo mate, business partners say and do a whole lot worse. Don’t let your feelings get in the way of making money……
Wow, the deal they got was SO much better than the original deals offered - and all it took was 15 minutes of holding their ground. Really great work!!
Dude, they were actually phenomenal. They came in with an awful evaluation but managed keep their foot in the company pretty well. I think they did exactly what they wanted to do
They’ll go nowhere. Right back to where they came . They have the most ignorant attitudes and immediately I couldn’t stand the way they disrespected the sharks . They are extremely young and immature. They’re lazy. I don’t blame the sharks for not wanting to budge. Frankly there’s a light on ,but no one appeared to be home . Real cards. Go fish !
Naomi literally went from about to cry talking about they didn't come for a deal to ah you guys are geniuses good job on taking my deal. I knew you had it in ya
He didnt really say "they know their shit" some people have a vision tho and he could tell he had that. Whether its a good deal or not is a different story, but some peoples ambition can make miracles happen so u cant discount that.
I don't think he said it was ridiculous. He didn't get the valuation because it's a tech company. And he isn't in the tech business. But he knows tech companies tends to have these wonky valuations. I think it totally tracks logically.
The Evaluation is BS, since they do not have the Sales to Justify. 250K is no little about of money, so if you want someone to really Invest and take the "High Risk - High Reward" approach to invest in your Unproven and Theoretically Good Potential business, you cannot be Serious offering 7%.
@@agenttyson007 right but any investment is a risk, it is their decision to make the investment. While agree it should be raised to about 15% for stakes but 33.3% is ridiculous. They are all experts, so they know a good business when they see one. So to come out and say they want 33.3% is a rip off because they already know the businesses potential- hence why they were adamant about making a deal
@@Maveraxus2.0 You have to look at the Totality of the Investment, and what an Investor has to consider and look for. This is a very high risk, and based on their projections the investor wouldn't see a ROI for at least 3-4 years, IF all goes well. At this early of a stage of the business why would any sensible Investor do this, it not a "Holy Grail" product or all of them would have jumped on.
@@agenttyson007 all of them did want to jump on it, they just didn’t like having a low cut. Now renegotiating terms of % after promises are kept and revenue has increased is entirely acceptable, kinda like the deal they settled on. But if you know your products worth and have done all the research to validate it’s worth then why immediately settle for investors high percentage? If it was me, I would settled for 15-16% with options of renegotiation after consist revenue numbers and overall customer base. Especially considering yeah, it’s only cards- but it’s a new way to change the existing card process which history proves to always be progressive and worth the finance. Just look at cellphones, computers, gaming, online shopping. To make something so simple into a market for online cards (because ets face it, Americans are lazy when it comes to shopping) could b a big turn of profit
@@agenttyson007 think of it in another way using a different example. Dogecoin. Completely weird idea. 3 months ago it was worth 1/10th of a cent. Meaning if you invested $1,000 you would have a crap return. But- now it has increased to 56 cents a share. Meaning anyone who invested in it 3 months ago and kept it in there- now have big bills. Even though the idea of dogecoin didn’t seem to be worth anything due to its foolish nature- but with the public, it was such a hit to a point where it raised its share exponentially. This card business is kind of the same.
This is one of the best shark tank negotiations ever, this guy held his ground like none other and the sharks got a bit salty before the deal was struck.... hes one of the only people in shark tank history to ever negotiate that kind of contingency, Naomi has to work for him and bring him 50k customers for the extra 5% equity!
That's how you handle someone that isn't seeing eye-to-eye with you. Notice how little Patrick actually spoke during negotiations. He said just enough to keep them on the hook. He stood his ground while keeping the negotiations moving. Well done
I love seeing these greedy sharks (particularly Janine) get told "no". They're so not used to it, and yet I think they secretly love it somehow. Some kind of kinky business BDSM shit lol
It's "greedy" not to be willing to pay 125x total sales? Are you out of your fucking mind? For 3.75 million I can start my own card business and crush them like the cockroaches they are
It's not kinky XD Its invariably better.. If your entire partnership is based on mutual respect by getting compromise, you already made good partners. Plus, actively facing a challenge meant they know their stuff.. and thaaaaaaats more important between an investor and the management. Proof that you know your stuff and how to negotiate.
Personally I wouldn’t use this service, the effort of personally writing a card plus the words is what makes its sentimental, you can copy grandma’s words but you can’t copy grandma’s handwriting.
True, but at the same time, it doesn't mean you have to use it for every single service. You could use this service when you can't find a card for an occasion and need to have something written down. I think it's a pretty neat idea.
handwritings can actually be categorized to only a handfull. If they're doing it right, there's a good chance they have a font that looks almost the same as your grandma's.
I wish they do an episode in which they show how things shaped up after the deal say 6 months to a year down the line. I really want to know how many of these business really make it! And how much of a contribution does a shark actually make towards its success.
It would be interesting but I think it would ruin the show. A lot of the "deals" they make fall through at various stages. Fpr most of these business they only gain the publicity from going on the show
I’d say like half of them don’t go through at least. You have to think, these guys are putting up 6 figures on almost every deal and they’ve only seen the pitch. They’re taking peoples word for their numbers, etc. If they just took the deals and payed the checks on the spot they’d be terrible investors and lose a shitload of money.
Shark Tank is so refreshing compared to Dragons Den. There’s a lightness about it. Dragons Den is usually a bunch of business people absolutely laying in to some nervous wreck of an entrepreneur.
Not to mention that not every single one of them sweats that profusely out of nerves. They have to have some hot lights on them to give it that appearance
After seeing how Naomi acts, I wouldn't want to work with her. She never actually invested in a single deal the entire time shark tank was on air in Australia. She basically just took up space on the show because she damn sure wasn't entertaining or knowledgeable.
I guess you didn't finish the episode given SHE IS THE ONE THAT INVESTED. Now, that said, I wouldn't have worked with her after her acting that way but WTF dude?
@@ross-carlson And I guess you don't understand how the show actually works. AFTER the show, there are more negotiations and "due diligence". Yes, she occasionally made offers during the taping, BUT NEVER followed through afterwards and actually invested with one single company. Educate yourself before you comment.
@@marcgarrett5427 Honestly, Marc, I couldn't imagine being in partnership with such a confrontational and opinionated commenter. I don't think I'd ever be right again talking to you, so I'm out.
This is such an amazing business! They definitely sold on me. I just purchased 3 cards from them to be delivered to Japan, Germany and Vietnam. I am someone who wants to send letters to my friends but too bothersome to buy a card, buy and envelope, and go to the post office to deliver it especially since the post office is quite a commute and I don’t owe a car. EXCELLENT EXCELLENT product! Plus the price is such a STEAL too!! $8 CAD for one card (this varies) but that’s crazy! there is so much work involved sending a card with the cost and time involved, which is way more than 8$!
"And that's that's exactly right, Steve. We have been around since breakfast and still haven't even started marketing" That phrase probably changed the entire dynamic of the dealings happening right there
I think they were brilliant, not demanding. They stood their ground and talked a shark who rarely even THINKS about making deals from a firm 33.3% down to 20% contingent on her delivering what she said she could deliver. That was outstanding lmao well played indeed
@@jhoughjr1 you don't see the value but it is worth it for people with loved ones in other countries, ex: the child has emigrated to Sweden and the mother is in Tunisia and she's unwell; in addition to meeting her herself the card can be seen as a gesture of love as well. the product targets your emotions
@@dhruvakhera5011 You say that like they invented greetings cards when they've literally been around since the time of cavemen 💀 Personalized gift card companies have been around long before you were even born. The 'tech' he was most likely talking about was the custom fonts to look like hand writing rather than machine made buts that's literally one of the easiest things to do, there's already a million fonts and it's just as easy to make one look like actual handwriting, add some imperfection so it doesn't look robotic... Literally nothing innovative with this 'new' product.
@@infiniteshay8660 I'm guessing that excusing 4 centuries of crusading/murdering "in the name of Jesus" is probably using it in vain.... Saying it seems like pissing in the wind after that history lmao
Never seen Sharks being played like that. Naomi was so angry an offended for some reason, and at the end it was like their doing her a favor. If it was the American version, the sharks would have send them home with no offer after 5 minutes.
These boys were impressive with how they stuck to their guns. They were bullied or pressured into a deal and Naomi promised them 20k more customers than they expected without her. Well done.
You give them a fair % and then they devalue you further, I've seen it happen all the time you can see them trying to get 33.3% from 7%, they would of been trying to get 50% from 20%, there not fair, they are bottom feeders compared to the US shark which are alot more fair even Kevin's Royalty deal would of been better for them he would of only wanted to take 5% and Cuban has more money then god so he would of said 15% done deal
google.com Print On Demand Market Cap u will have to search for it but after you found you can watch out for personalized Print on demand, i would say its a good for the small entrepreneur ok but 10 % ist pretty a fair deal 15% its like closed to robbing out but 20% is just Criminal. but hey 250k^^^^^^^^^^^^ OMG its real hard suffer to see how deep some kinda people going down for that Bills its so poor. Educate Yourself. I would highly recommend to everyone who wants to be an entrepreneur to read Rich Dad, Poor Dad understand what money is and how do you use it. Than do your Business makes a 100% more realistic to succeed. And dont get robbed like this here.
This is a great example of knowing your worth. I think they came in with a valuation and an equity stake that was pretty aggressive (almost foolishly so) but I like that they knew what part of the business they were willing to part with and that they baked an incentive in for the shark. Well done, boys.
I can't believe anyone still invested in that at a valuation anywhere near a million, let alone four! Thirty thousand in sales so far means your business isn't worth anything close to that.
Naomi "The final offer" "I'm not speaking again" Moments later Naomi "You know you want me as a partner" & makes a deal. 🤔 I thought you said you were not going to speak again. Guess not.
Wow, this was brilliant! She showed her hand when she said she had the foundation and base to distribute this specific product. She further made a show by saying my final and I won’t speak again. . . Well done 👍🏼
Naomi said it was the last time she was doing an offer and talking at 10:36 yet not even a couple minutes after, she came back with another offer at 12:28 lol. I could see how itchy she was about this deal. I love it, this guys is called passion, on both sides, a perfect example of it. Both sides felt a bit uncomfortable to do the deal, that's how it should be, very nice negotiation, bravo to both founders and Naomi for the more reasonable offer and to all sharks for various input during the whole pitch. Nice episode in the shark tank. Greetings from Canada.
With this service, everybody wins. The senders, the receivers, the printers, the artists, and the business. This is such a phenomenal idea that can easily grow in scale. The investor got a good deal. 50,000 users is nothing.
How is that a good argument though? Many multi-million dollar businesses had zero startup capital from the creator - does that make their value zero? The money you personally put in means nothing to it’s valuation, it’s the current quality of the business and it’s projection.
@@goodkisser8591 because its still in the beginning stages. Its not a multi million dollar business when this was shown. Any start up COULD turn into a multi million dollar business. You invest in the company's situation right now, not in what it might do in ten years. Thats why so many of these people that come in with outrageous evaluations don't get investment deals done.
@@goodkisser8591 the creator doesn't necessarily have to have start up capital, they have already put in the sweat equity that could be transformed into a dollar figure. These guys are looking for the sharks capital, time and contacts while not wanting to give anything in return.
Sheldon Ferguson you’re still ignorant to how this works. If they invested and spent 20 million dollars of their own cash and were still at the same stage that’s no different to spending 0 dollars. The self investment is meaningless, only the growth it’s made and where the business is at.
@@goodkisser8591 exactly my point! This business hasn't made ANY money at this point, who knows where is going and these guys haven't put nearly as much as what their asking for making their evaluation ridiculous as I said in my original point!!! You call me ignorant and yet you can't grasp a simple point! I'm sorry I didn't spell it out clearly enough!
Absolutely superb negotiation by that ultra cool guy. His response to counter Naomi's assertion of her experience and the customers she could bring, was great under pressure 👍
I love how the sharks get mad when someone with an ACTUAL viable business idea don't let themselves get taken advantage of. They always try to take a HUGE % of promising ideas. Lol. Actually, if you look into some of the deals they've made, later they would try to tell the entrepreneurs the deal is going to change and they need a larger % lol. Shady
I can’t believe they didn’t mention how much of an asset their humanized font is. They could sell it to other companies! It could be a massively successful font if they marketed it to the right people. I’d love to have known more about how it was designed and what the patent actually said. He also said it was their *first* patent, implying more??
m999 yes but at the same time many companies start off good and then die out just like some companies start off bad and they turn into multimillion companies.
On the other hand,if the sales were 10X they would not need a shark and that is what I would have done if I were them.Who knows if they waited a couple of months they might have had the sales to finance every thing themselves.
Agreed with the previous replies but also just look at Kickstarter fails if you want to know what happens to companies who get too many customers and don't have the supply. I'm sure 50,000 is exactly what they wanted to grow but not overwhelm their business.
@kevin k Bruh, this comment is from 2-3 months ago. I'm not gonna rewatch the video to fact-check you/me. Don't reply to comments more than a week old if you actually want someone to respond to you reasonably.
In this case, Naomi's deal is quite good. If the deal held up, the business would expand quickly and their products extend further to saturate into the market. She understands that apple has the same idea with fonts and even though this was a few years back the trend is heading in this direction.
Spoiler: it didn't: www.news.com.au/finance/small-business/weve-got-a-great-relationship-with-naomi-cardly-founders-walk-away-from-250000-shark-tank-deal/news-story/24fa9d1c1838ead8bdd6f1a502dbf403
That last deal was actually great. Getting a business partner with more than a decade of experience in the same is a great opportunity for their business to grow even faster.
These guys were really smart ,they properly brought down the stakes the sharks were asking for initially to their target without settling for just anything and did bag a great deal These are truly business minded people
They are doing super well. The deal with Naomi never occurred, but they are delivering in 6 countries, and have clients like Berkshire Hathaway, Adobe, Toshiba, etc. This year, they are projecting sending 500,000 cards, 2million in profit. Not bad, you would have payed this investment in Shark Tank with 10% of the shares, just this year alone. The thing is, this sharks can make a much better deal with that same amount of money
Wow.. some of those "sharks" are just real assholes without proper methods of valuation or negotiating. I would've dropped her deal just on the premise of how rude she was treating them as a potential "partner", since she made it very apparent that she was bluffing with the customers.
Did you see what she did? She offered another 100k LOAN in return of 5% IF she brings 50k customers. This means in any case she got 15% for 150k (net worth 1 mil) which is worse than Steve's offer of 250k for 20% (net worth 1.25 mil)
If Naomi never delivers on her promises, why are we even watching? It makes great tv but the final outcome is just as important. Do they ever give updates??
They played this exactly how you should if you believe in what you are selling. They knew exactly how much money they wanted and went in offering a low equity because they knew the sharks would argue for more. No matter what the %, they always want more than what you ask
![[UA] NAVI проти G2 Esports | Blast Premier Fall Final](http://i.ytimg.com/vi/QWlIm4FGESQ/mqdefault.jpg)
They were smart, the Shark's desperation was so obvious. They were practically drooling. Being mostly silent was the right choice. Let them make the offers, and accept or decline them. When you do accept, then add your contingency. Never seen someone sell the Sharks so effectively.
Nick Fotopoulos spot on observation
@@Trysonm not shit , he nailed it
I think those sharks were trying to bottom feed trying to take 33.3%, I wouldn't of given them more then 15%
Naomi was getting very angry cause they didn't take her offer straight away
couldn’t have said it better
@@WTC-1990 says someone who says "wouldn't of". Naomi was completely justified. 7% was fucking ridiculous.
"And I'm not going to speak again!" ......
"You know you want me as a partner..."
She's such a baby. "Let the children keep playing" moments later "I'm getting pissy" - I would refuse just based on her childish attitude.
@@ZeranZeran Which is why you're not and will never be there.
@@TM-un8dk If I had a good business idea, "Shark Tank" or any other tv show is the last place I would take it. You sound bitter and full of yourself. What have you invented? What business do you run? Did you make a deal with the sharks? Lmao, Shut up
Lol, that old red woman is such a woman
@@High_Priest_Jonko Compared to the babe in blue especially.
Never seen anyone lower the shark's evaluation as much as these boizz. Well played.
I think that's because they had a great leverage, their product. Naomi was very very interested in it so she lowered her offer. Any other product wouldn't have got so much attention
@@aniketbanginwar For sure. With subjectivity and their crazy low earnings for their evaluation, I did not think they would leave with a deal. One of the more exciting pitches :)
I looked up their website, they seem to have great tech. They knew what they had.
They went from a 3.57m valuation to a 1.25m valuation. Almost 3 times less then what they originally asked for. Good deal for both parties :)
Yeah if shark tank really isn't staged, these guys negotiated better than anyone I've ever seen on the show. Probably walked in saying "We'll get em at 1.25"
That crazy fit she threw was a dead give away she wanted it and wasn’t going to let them leave without having them 😂
"I'm getting Pissy"
if a grown man or woman told me this during our first meeting I think I'd immediately say "You know what? Not interested in your offer. Have a nice day"
She is going to be hell to work with.
shes so annoying
@@ZeranZeran you my friend are sadly mistaken. You have never been in business and probably will never be. You get that riled up on someone saying they’re pissy? Lmaoooo mate, business partners say and do a whole lot worse. Don’t let your feelings get in the way of making money……
@@ZeranZeran also if Patrick and Tom listened to you they wouldn’t have gotten their $250k and an extremely savvy partner
@@isaactaylor1833 Isaac is getting pissy!
I stand by what I said. She's a child, and so are you. What business do you run, champ? Shut da hell up
Wow, the deal they got was SO much better than the original deals offered - and all it took was 15 minutes of holding their ground. Really great work!!
Those 15 minutes to us must have felt like 4 hours for them
It was more than 15 mins, shark tank is often heavily edited
lol
these pitches are hours long. they're edited.
Naomi telling someone "you're not here to make a deal" is a pot calling the kettle black.😂😂
Why u got triple 6 in your name dawg
@@theboys1834 why you try to force your religious views on everyone?
@@theboys1834 plot twist 666 is not actually what most people think it is do some research
😅😅🤣🤣
@Parker Haynes that, and "I'm really pissy"
Dude, they were actually phenomenal. They came in with an awful evaluation but managed keep their foot in the company pretty well. I think they did exactly what they wanted to do
Totally second that mate
Yeah I agree completely
I hate that they dragged their feet, but they knew the shark took the bait and the fact that they stood their ground was amazing.
They’ll go nowhere. Guaranteed.
They’ll go nowhere. Right back to where they came . They have the most ignorant attitudes and immediately I couldn’t stand the way they disrespected the sharks . They are extremely young and immature. They’re lazy. I don’t blame the sharks for not wanting to budge. Frankly there’s a light on ,but no one appeared to be home . Real cards. Go fish !
Naomi literally went from about to cry talking about they didn't come for a deal to ah you guys are geniuses good job on taking my deal. I knew you had it in ya
This is the ONLY time I've seen her make an offer.
@@B_Bodziak I think she made one on the fairy doors and the donut gift things, if you haven’t seen those
Love how Glen says they know their shit after saying he's out because of the valuation being too ridiculous.
He didnt really say "they know their shit" some people have a vision tho and he could tell he had that. Whether its a good deal or not is a different story, but some peoples ambition can make miracles happen so u cant discount that.
Hypocrisy at its finest.
I don't think he said it was ridiculous. He didn't get the valuation because it's a tech company. And he isn't in the tech business. But he knows tech companies tends to have these wonky valuations. I think it totally tracks logically.
@@snitox Yes tech companies are hard to evaluate bc they're ultimately an app and can scale globally over night.
They always trash the business at first to try to lower the valuation.
I love how Steve admires their talk back and acknowledgement in their business potential! Total dad move
Sharks: “Give me most of your company rights!”
Them: “No”
Sharks: “How Dare you!”
The Evaluation is BS, since they do not have the Sales to Justify. 250K is no little about of money, so if you want someone to really Invest and take the "High Risk - High Reward" approach to invest in your Unproven and Theoretically Good Potential business, you cannot be Serious offering 7%.
@@agenttyson007 right but any investment is a risk, it is their decision to make the investment. While agree it should be raised to about 15% for stakes but 33.3% is ridiculous. They are all experts, so they know a good business when they see one. So to come out and say they want 33.3% is a rip off because they already know the businesses potential- hence why they were adamant about making a deal
@@Maveraxus2.0 You have to look at the Totality of the Investment, and what an Investor has to consider and look for. This is a very high risk, and based on their projections the investor wouldn't see a ROI for at least 3-4 years, IF all goes well. At this early of a stage of the business why would any sensible Investor do this, it not a "Holy Grail" product or all of them would have jumped on.
@@agenttyson007 all of them did want to jump on it, they just didn’t like having a low cut. Now renegotiating terms of % after promises are kept and revenue has increased is entirely acceptable, kinda like the deal they settled on. But if you know your products worth and have done all the research to validate it’s worth then why immediately settle for investors high percentage? If it was me, I would settled for 15-16% with options of renegotiation after consist revenue numbers and overall customer base. Especially considering yeah, it’s only cards- but it’s a new way to change the existing card process which history proves to always be progressive and worth the finance. Just look at cellphones, computers, gaming, online shopping. To make something so simple into a market for online cards (because ets face it, Americans are lazy when it comes to shopping) could b a big turn of profit
@@agenttyson007 think of it in another way using a different example. Dogecoin. Completely weird idea. 3 months ago it was worth 1/10th of a cent. Meaning if you invested $1,000 you would have a crap return. But- now it has increased to 56 cents a share. Meaning anyone who invested in it 3 months ago and kept it in there- now have big bills. Even though the idea of dogecoin didn’t seem to be worth anything due to its foolish nature- but with the public, it was such a hit to a point where it raised its share exponentially. This card business is kind of the same.
This is one of the best shark tank negotiations ever, this guy held his ground like none other and the sharks got a bit salty before the deal was struck.... hes one of the only people in shark tank history to ever negotiate that kind of contingency, Naomi has to work for him and bring him 50k customers for the extra 5% equity!
Kevin O’Leary would’ve ate his breakfast son🍳 🥞
That's how you handle someone that isn't seeing eye-to-eye with you. Notice how little Patrick actually spoke during negotiations. He said
just enough to keep them on the hook. He stood his ground while keeping the negotiations moving. Well done
so true
I love seeing these greedy sharks (particularly Janine) get told "no". They're so not used to it, and yet I think they secretly love it somehow. Some kind of kinky business BDSM shit lol
Exactly
Lol thats so true
Thats exactly what I was thinking lmao
It's "greedy" not to be willing to pay 125x total sales?
Are you out of your fucking mind?
For 3.75 million I can start my own card business and crush them like the cockroaches they are
It's not kinky XD Its invariably better.. If your entire partnership is based on mutual respect by getting compromise, you already made good partners. Plus, actively facing a challenge meant they know their stuff.. and thaaaaaaats more important between an investor and the management. Proof that you know your stuff and how to negotiate.
Personally I wouldn’t use this service, the effort of personally writing a card plus the words is what makes its sentimental, you can copy grandma’s words but you can’t copy grandma’s handwriting.
Completely agree!
True, but at the same time, it doesn't mean you have to use it for every single service. You could use this service when you can't find a card for an occasion and need to have something written down. I think it's a pretty neat idea.
I'd probably use since I don't like handwriting things
Corporate/business might, for sending customer list greetings
handwritings can actually be categorized to only a handfull. If they're doing it right, there's a good chance they have a font that looks almost the same as your grandma's.
I wish they do an episode in which they show how things shaped up after the deal say 6 months to a year down the line. I really want to know how many of these business really make it! And how much of a contribution does a shark actually make towards its success.
@@just_another_guy_life Thanks mate... Appreciate it.
It would be interesting but I think it would ruin the show. A lot of the "deals" they make fall through at various stages. Fpr most of these business they only gain the publicity from going on the show
I’d say like half of them don’t go through at least. You have to think, these guys are putting up 6 figures on almost every deal and they’ve only seen the pitch. They’re taking peoples word for their numbers, etc. If they just took the deals and payed the checks on the spot they’d be terrible investors and lose a shitload of money.
Yeah they have what's called a due diligence stage. Most deals drop around this stage
The US version does do that with the successful ones.
„We are from Melbourne“ - Steve: „Damn, I wanted to ask that“
Alexander 😂😂😂
😆😆😆
Shark Tank is so refreshing compared to Dragons Den.
There’s a lightness about it. Dragons Den is usually a bunch of business people absolutely laying in to some nervous wreck of an entrepreneur.
The US version of Shark Tank is even worse than Dragons' Den.
Not to mention that not every single one of them sweats that profusely out of nerves. They have to have some hot lights on them to give it that appearance
The difference between Britain and Australia
Nobody:
Naomi: this is my final offer and the LAST TIME IM GONNA SPEAK
also naomi: YOU KNOW YOU WANT ME 🤣
Then she made another offer😂
She is literally crying 🤣🤣
Women didn't walk as they talked.
Channel 101 she was so hurt 😭
@Blindi Well I hope you never have a daughter , or daughter in law . You must be either b d or d !
After seeing how Naomi acts, I wouldn't want to work with her. She never actually invested in a single deal the entire time shark tank was on air in Australia. She basically just took up space on the show because she damn sure wasn't entertaining or knowledgeable.
I guess you didn't finish the episode given SHE IS THE ONE THAT INVESTED. Now, that said, I wouldn't have worked with her after her acting that way but WTF dude?
@@ross-carlson And I guess you don't understand how the show actually works. AFTER the show, there are more negotiations and "due diligence". Yes, she occasionally made offers during the taping, BUT NEVER followed through afterwards and actually invested with one single company. Educate yourself before you comment.
@@marcgarrett5427 how can you expect people to be educated on a show that just randomly popped up in my recommendations lol
@@swisherrrrrr They could do the same as I did. Research online and educate themselves before replying
@@marcgarrett5427 Honestly, Marc, I couldn't imagine being in partnership with such a confrontational and opinionated commenter. I don't think I'd ever be right again talking to you, so I'm out.
“Young entrepreneurs”
These guys look like they are in their late thirties
Yeah !they are still very young considering the fact that they were referred to as young entrepreneurs and not young laborers.
@@fredkarleni9910 its called a joke
So what if they're late thirties? young is until 65 then you become senior citizen.🤣😂
Rick that is a dumb analogy. If 15 is young what would someone double that age be considered? Still young?
30 is pretty young to be honest considering that the new average life spam will be 90-100 soon with advanced technology.
She didn’t even follow through with this investment lmao really sticking to the whole “ being Naomi” thing
@lucky m3x yeah how
It was actually the guys who pulled out of the investment not Naomi.
@@Sanyu-Tumusiime so the article said
They all knew 50k customers in 6 months is close to impossible. But she kept on that poker face for the sake of saving face.
It's first time I am seeing Naomi's made an investment 😂
likhit chand You still haven’t. The deal didn’t go through.
You just don't watch the show enough LOL
Hegs
@@drivearabia Why didn't the deal go through?
@@DrunkenGyarados most deals never go through. there can be all sorts of things that weren't mentioned or are incompatible between the parties
This is such an amazing business! They definitely sold on me. I just purchased 3 cards from them to be delivered to Japan, Germany and Vietnam. I am someone who wants to send letters to my friends but too bothersome to buy a card, buy and envelope, and go to the post office to deliver it especially since the post office is quite a commute and I don’t owe a car. EXCELLENT EXCELLENT product! Plus the price is such a STEAL too!! $8 CAD for one card (this varies) but that’s crazy! there is so much work involved sending a card with the cost and time involved, which is way more than 8$!
how did that go!
The sharks just mad at how they said no lmao like a bunch of stuck up children
403 FORBIDDEN they’re idiots there idea was good but your valuation is 💩
Because they grew up thinking they can buy anybody and anything with money
No because their valuation is shit
It’s the bloody evaluation. It’s bloody insane.
these are tactics to lowball the entrepreneurs. theyve got a good product with immense potential and they know it. well done to them
That was one of the most well-played pitches I’ve ever seen, great job fellas.
Naomi says she’s pissy and she feels they aren’t here to do a deal and for that reason I am out 😂
"And that's that's exactly right, Steve. We have been around since breakfast and still haven't even started marketing"
That phrase probably changed the entire dynamic of the dealings happening right there
One of the best negotiations. Gave the sharks a tough fight 💪 stood their ground
I think they were brilliant, not demanding. They stood their ground and talked a shark who rarely even THINKS about making deals from a firm 33.3% down to 20% contingent on her delivering what she said she could deliver. That was outstanding lmao well played indeed
Jenny: this isn’t dragons den and for that reason I’m out
You monster XD
Also Jenny, if it were Dragon’s Den: this is Dragon’s Den and for I’m reason I’m out
True
@@user-sf9gs2pg1b this joke had no promise and for that reason im out
what isThe differences between dragon den and shark tank?
It's not just a card, it's their sole technology that really worth a lot.
lol no not really.
@@jhoughjr1 you don't see the value but it is worth it for people with loved ones in other countries, ex: the child has emigrated to Sweden and the mother is in Tunisia and she's unwell; in addition to meeting her herself the card can be seen as a gesture of love as well. the product targets your emotions
@@dhruvakhera5011 You say that like they invented greetings cards when they've literally been around since the time of cavemen 💀 Personalized gift card companies have been around long before you were even born. The 'tech' he was most likely talking about was the custom fonts to look like hand writing rather than machine made buts that's literally one of the easiest things to do, there's already a million fonts and it's just as easy to make one look like actual handwriting, add some imperfection so it doesn't look robotic... Literally nothing innovative with this 'new' product.
@@DrakeOola ik i was just defending the company i wouldn't personally buy from them id just visit tunisia lol
@@dhruvakhera5011 the real problem is the tunisian in Sweden. He should go and move to tunisia permanently
Jesus that was intense. These guys had teased the sharks and came out with all their toes intact.
Don’t use the lords name in vain
@@theboys1834 Jesus forgives so I'm sure he doesn't mind. Especially considering his name is Yeshua.
@@infiniteshay8660 I'm guessing that excusing 4 centuries of crusading/murdering "in the name of Jesus" is probably using it in vain.... Saying it seems like pissing in the wind after that history lmao
@@THEedcbb3 I cant tell if you're agreeing with me or criticizing me.
@@infiniteshay8660 agreeing, strongly agreeing. Apologies if the wording was iffy
Never seen Sharks being played like that. Naomi was so angry an offended for some reason, and at the end it was like their doing her a favor. If it was the American version, the sharks would have send them home with no offer after 5 minutes.
"I'm really pissy." Shocker. lol
😂
These boys were impressive with how they stuck to their guns. They were bullied or pressured into a deal and Naomi promised them 20k more customers than they expected without her. Well done.
Sharks got tanked 🤣🤣🤣🤣☝🏾😉
The
These men have stood their ground and made the shark's drool all over their company.
How did they walk out that room with those huge balls they have?
I think $250k at 7% is crazy, I feel like $250 at 20% or so would be fair.
That's the thing! you start crazy, sharks counter crazy then they find the middle ground.
You give them a fair % and then they devalue you further, I've seen it happen all the time
you can see them trying to get 33.3% from 7%, they would of been trying to get 50% from 20%, there not fair, they are bottom feeders compared to the US shark which are alot more fair
even Kevin's Royalty deal would of been better for them he would of only wanted to take 5% and Cuban has more money then god so he would of said 15% done deal
they werent looking for 7%. Its called strategy boi
Higher you start, higher you end.
google.com Print On Demand Market Cap u will have to search for it but after you found you can watch out for personalized Print on demand, i would say its a good for the small entrepreneur ok but 10 % ist pretty a fair deal 15% its like closed to robbing out but 20% is just Criminal. but hey 250k^^^^^^^^^^^^ OMG its real hard suffer to see how deep some kinda people going down for that Bills its so poor. Educate Yourself. I would highly recommend to everyone who wants to be an entrepreneur to read Rich Dad, Poor Dad understand what money is and how do you use it. Than do your Business makes a 100% more realistic to succeed. And dont get robbed like this here.
This is a great example of knowing your worth. I think they came in with a valuation and an equity stake that was pretty aggressive (almost foolishly so) but I like that they knew what part of the business they were willing to part with and that they baked an incentive in for the shark.
Well done, boys.
They just wanted free advertisement. Now people know about it and the sales will ^^^^^.
they got a deal and advertisement from shark tank, gg
snJtiu Y. [Comment reposter] lmfao
@@johnnyfrankenstein0123 the deal didn't go through
These guys definitely did that evaluation that high so they could do what they did. Smart people, their confidence definitely helped too.
"Let's do a deal!"
*goes in for a kiss*
This is the first time I have ever seen the lady with the red dress make an offer... I almost choked on my water
Nobody:
Naomi: this is my final offer and the LAST TIME IM GONNA SPEAK
also naomi: YOU KNOW YOU WANT ME 🤣
I laughed hard when tom said 'you already got your greeting card' in the end. They really stood their ground.
This was honestly one of the most epic Shark Tank bits I've ever seen
I can't believe anyone still invested in that at a valuation anywhere near a million, let alone four! Thirty thousand in sales so far means your business isn't worth anything close to that.
Trick is the patented software to humanize the texts.
Silly but probably the most valuable part they have.
@@asdasd-ni8eg exactly. the patent is as valuable as the entire business in its own regard
They didn't invest in it at near 4 million though, the valuation of the end deal was $1.25 million
@@Jordan-ug7yk but it is a hard thing to value.
Im not suprised steve was interested but i am suprised they made a deal.
@@DrunkenGyarados Which is still completely over the top when you've made 9 grand in profit.
The red woman made a big mistake saying that was her final offer and the final time she'd speak and then both speaking and revising her offer.
Never did I ever believe I'd see the day where the lady in red makes a deal lmao. Great one!
Well the funding never happened
This was one of the most intense episodes i've ever seen
Why am I reading the comments in my head with an Australian accent
seen a lot of these... this was by far the most intense and they kept their composure SO well.. well done
Naomi
"The final offer"
"I'm not speaking again"
Moments later Naomi
"You know you want me as a partner" & makes a deal.
🤔 I thought you said you were not going to speak again. Guess not.
have you even known a female go mute when she had something to say
at least she actually made a deal this time
@@JewTube001 I think she's made a few deals
Wow, this was brilliant! She showed her hand when she said she had the foundation and base to distribute this specific product. She further made a show by saying my final and I won’t speak again. . . Well done 👍🏼
Naomi said it was the last time she was doing an offer and talking at 10:36 yet not even a couple minutes after, she came back with another offer at 12:28 lol. I could see how itchy she was about this deal. I love it, this guys is called passion, on both sides, a perfect example of it. Both sides felt a bit uncomfortable to do the deal, that's how it should be, very nice negotiation, bravo to both founders and Naomi for the more reasonable offer and to all sharks for various input during the whole pitch. Nice episode in the shark tank. Greetings from Canada.
that was by far the most entertaining one i seen yet
With this service, everybody wins. The senders, the receivers, the printers, the artists, and the business. This is such a phenomenal idea that can easily grow in scale. The investor got a good deal. 50,000 users is nothing.
It's rare to see the position these guys are in. Glad they stood strong
I just realized I can still be called young in 30's.
Well in games, I'm being called a kid.
The sharks egos are bruised af😂😂😂
Their egos really came out after encountering entrepreneurs that remained calm but still confident enough to reject their offers lmao
“We’re definitely here to -“
“No ur not!!”
Lol!!!
These guys are ridiculous, they're asking for 4 times what they've put in but don't want to give up any equity.
How is that a good argument though? Many multi-million dollar businesses had zero startup capital from the creator - does that make their value zero? The money you personally put in means nothing to it’s valuation, it’s the current quality of the business and it’s projection.
@@goodkisser8591 because its still in the beginning stages. Its not a multi million dollar business when this was shown. Any start up COULD turn into a multi million dollar business. You invest in the company's situation right now, not in what it might do in ten years. Thats why so many of these people that come in with outrageous evaluations don't get investment deals done.
@@goodkisser8591 the creator doesn't necessarily have to have start up capital, they have already put in the sweat equity that could be transformed into a dollar figure. These guys are looking for the sharks capital, time and contacts while not wanting to give anything in return.
Sheldon Ferguson you’re still ignorant to how this works. If they invested and spent 20 million dollars of their own cash and were still at the same stage that’s no different to spending 0 dollars. The self investment is meaningless, only the growth it’s made and where the business is at.
@@goodkisser8591 exactly my point! This business hasn't made ANY money at this point, who knows where is going and these guys haven't put nearly as much as what their asking for making their evaluation ridiculous as I said in my original point!!! You call me ignorant and yet you can't grasp a simple point! I'm sorry I didn't spell it out clearly enough!
She played right into their hands so well it’s actually hilarious
“I DIDN’T ASK YOU” from naomi. holy fuck i dropped my phone with laughter
7:45 I've never heard anyone use the word "pissy" used before😂
Absolutely superb negotiation by that ultra cool guy. His response to counter Naomi's assertion of her experience and the customers she could bring, was great under pressure 👍
watching from UM
This is the first time I've seen the Australia Sharks upset with each other. They banter all the time, but they did seem actual snarky. LoL
These are the most polite negotiations. Shark Tank US would have been something else.
Yeah they almost seem to be enjoying the haggling
The US sharks would have told them to get the fuck out as soon as they asked for 125 times sales.
There is no offer you can give them that makes sense
Never trust the “this is my final offer” line
I love how the sharks get mad when someone with an ACTUAL viable business idea don't let themselves get taken advantage of. They always try to take a HUGE % of promising ideas. Lol. Actually, if you look into some of the deals they've made, later they would try to tell the entrepreneurs the deal is going to change and they need a larger % lol. Shady
I like how Naomi called them on their shit for not looking for a deal and using this show as a marketing tool.
You mean after she tried to steal their company? Deal didn't go through either they found a better investor after
@@midas6753 legit 30% for just a card company
Woooo he dug his heals in alright! She really wanted them though and she came down. Nicely negotiated!
I can’t believe they didn’t mention how much of an asset their humanized font is. They could sell it to other companies! It could be a massively successful font if they marketed it to the right people. I’d love to have known more about how it was designed and what the patent actually said. He also said it was their *first* patent, implying more??
We already have that software for free 😩 😩
dude wants 250k for %7 yet he sold +35k lol
Neenab Zamro hey if it 35k in sales with a month or two then that is actually very promising. Don’t be a hater
m999 yes but at the same time many companies start off good and then die out just like some companies start off bad and they turn into multimillion companies.
On the other hand,if the sales were 10X they would not need a shark and that is what I would have done if I were them.Who knows if they waited a couple of months they might have had the sales to finance every thing themselves.
@@Zico20 how is he a hater
Nothing last long... Even the business is on track for 2 years doesn't mean it isn't going to die out.. This is not potential business
"I'll bring you one million customers" "we'll only accept 50,00" 🙄
50k by the 6 month mark, dude. Did you miss that?
JGirDesu you clearly didn’t watch the video
@@hxhxhx91 clearly, you have alzheimers
Agreed with the previous replies but also just look at Kickstarter fails if you want to know what happens to companies who get too many customers and don't have the supply. I'm sure 50,000 is exactly what they wanted to grow but not overwhelm their business.
@kevin k Bruh, this comment is from 2-3 months ago. I'm not gonna rewatch the video to fact-check you/me. Don't reply to comments more than a week old if you actually want someone to respond to you reasonably.
In this case, Naomi's deal is quite good.
If the deal held up, the business would expand quickly and their products extend further to saturate into the market.
She understands that apple has the same idea with fonts and even though this was a few years back the trend is heading in this direction.
Spoiler: it didn't: www.news.com.au/finance/small-business/weve-got-a-great-relationship-with-naomi-cardly-founders-walk-away-from-250000-shark-tank-deal/news-story/24fa9d1c1838ead8bdd6f1a502dbf403
@@dancorwin9232 yeah that's a pity
They were most likely looking for free advertisement. Many people don't realize how many of the "deals" are not consummated.
They got an insane deal on this, although they were probably 1 step away from going bust. Great watch.
I wasn't expecting them to accept Naomi's offer after all the argument
Wow!! That was a struggle! Good on them for standing their ground and negotiating for what they believed they are worth!
That last deal was actually great. Getting a business partner with more than a decade of experience in the same is a great opportunity for their business to grow even faster.
These guys were really smart ,they properly brought down the stakes the sharks were asking for initially to their target without settling for just anything and did bag a great deal
These are truly business minded people
Naomi went firecracker here! She wanted the deal so bad! Nice to see her passionate about the product.
this is pretty much where Theodore Twombly works in “Her” 😭
I love how the sharks throw a tantrum when they get turned down. And say they aren’t trying to make a deal
"And Janine's out-"
Janine: "......Ah! I'm awake!"
This was one of the most satisfying Shark Tank deals I've ever seen; regardless of the product.
They are doing super well. The deal with Naomi never occurred, but they are delivering in 6 countries, and have clients like Berkshire Hathaway, Adobe, Toshiba, etc.
This year, they are projecting sending 500,000 cards, 2million in profit. Not bad, you would have payed this investment in Shark Tank with 10% of the shares, just this year alone. The thing is, this sharks can make a much better deal with that same amount of money
Wow.. some of those "sharks" are just real assholes without proper methods of valuation or negotiating. I would've dropped her deal just on the premise of how rude she was treating them as a potential "partner", since she made it very apparent that she was bluffing with the customers.
They switched roles. Half of this video is the sharks desperately pitching themselves to them. This was incredibly played
Did you see what she did? She offered another 100k LOAN in return of 5% IF she brings 50k customers. This means in any case she got 15% for 150k (net worth 1 mil) which is worse than Steve's offer of 250k for 20% (net worth 1.25 mil)
Could you please explain this to me better. I had to rewind that part like 8 times.
When the sharks argue with each other you know youve got something good 😂😂😂
1 MILLION CUSTOMERS!
"50 thousand?"
"glup, ok"
7:03 The way glen took a backfire is just smooth!
Austrailians are really funny. love these guys!
thanks
This confirms Australia is still 15 years behind the rest of the world. These websites have existed for ages!
Some of these sharks know something is really good an investable in. But they dont have much money so they are afraid to invest
Yah they could easily be broke tomorrow at least they know that
And for that reason they are out.
@Raj Sharma network doesn't mean they have 300 mil
@Raj Sharma that's mostly assets, not cash money.
If Naomi never delivers on her promises, why are we even watching? It makes great tv but the final outcome is just as important. Do they ever give updates??
They played this exactly how you should if you believe in what you are selling. They knew exactly how much money they wanted and went in offering a low equity because they knew the sharks would argue for more. No matter what the %, they always want more than what you ask