i just watched the episode that Alex appeared on. he's a very charismatic guy and I enjoyed listening to him here. I wanna try his drink one of these days when I find it. Hope the best for his business!
After shooting the episode, there are still so many details that have to be worked out. Alex just said that he wasn't comfortable with the deal and what they were asking for, so it fell through.
I'm confused... were they asking for more than what they agreed to on the show ($500k for 25%)? I get that contracts still need to be signed and there's SOME things that need hammering out after the show but are they actually allowed to change the main deal they agreed to? Because that sounds kind of iffy.
@@jessetaylor7951 Yes, the terms of the deal can change after the show is taped. You have to remember, these are live pitches. After filming is when the sharks get a better chance to look at the financials, and in this period, deals can change. This Forbes article further explains, “They attributed this to sharks pulling out of the agreement or changing the terms to ones that didn’t work for them. Others canceled deals after getting term sheets that included unappealing clauses. And occasionally the deals ended amicably.” So to answer your question, yes, the sharks can change the deal after they shake hands on the show. www.forbes.com/sites/emilycanal/2016/10/21/about-72-of-deals-that-happen-on-shark-tank-dont-turn-out-as-seen-on-tv/?sh=2315319d4ed1
I don’t think the company was valued as highly when they went on Shark Tank. Also, investors make bigger returns if they can get in early, when the valuation is lower.
i just watched the episode that Alex appeared on. he's a very charismatic guy and I enjoyed listening to him here. I wanna try his drink one of these days when I find it. Hope the best for his business!
That’s because the Sharks aren’t really early angel investors, they are more like traditional Venture Capitalist who are business people.
No info on why the deal fell through.
After shooting the episode, there are still so many details that have to be worked out. Alex just said that he wasn't comfortable with the deal and what they were asking for, so it fell through.
I'm confused... were they asking for more than what they agreed to on the show ($500k for 25%)? I get that contracts still need to be signed and there's SOME things that need hammering out after the show but are they actually allowed to change the main deal they agreed to? Because that sounds kind of iffy.
@@jessetaylor7951 Yes, the terms of the deal can change after the show is taped. You have to remember, these are live pitches. After filming is when the sharks get a better chance to look at the financials, and in this period, deals can change. This Forbes article further explains, “They attributed this to sharks pulling out of the agreement or changing the terms to ones that didn’t work for them. Others canceled deals after getting term sheets that included unappealing clauses. And occasionally the deals ended amicably.” So to answer your question, yes, the sharks can change the deal after they shake hands on the show.
www.forbes.com/sites/emilycanal/2016/10/21/about-72-of-deals-that-happen-on-shark-tank-dont-turn-out-as-seen-on-tv/?sh=2315319d4ed1
@@StartuptoStorefront Wow very interesting... and kind of bogus if you ask me!!! 🤔
@@jessetaylor7951 it's "reality TV"....so that any deals happen is somewhat impressive.
what happened to his juice? looks like he's pivoting to a nootropic shot
Indeed! Genius Boost is coming soon -> geniusjuice.com
Cool guy. Cool personality
It did not push throw...????? Coconut juice...??? I tot its already a 50 million company...???
I don’t think the company was valued as highly when they went on Shark Tank. Also, investors make bigger returns if they can get in early, when the valuation is lower.
@@StartuptoStorefront i was thinking its already done the deal.....
You tot?
the women were hot
hahaha