Is GeoOrbital The Future Of Biking? | Shark Tank US | Shark Tank Global
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- Опубліковано 27 лип 2022
- Michael Burtov and Dakota Decker are seeking $500,000 for a 5% stake in their business, GeoOrbital, which produces an innovative wheel that turns a regular bike into an electric bike.
From Season 9 Episode 7
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Is GeoOrbital The Future Of Biking? | Shark Tank US | Shark Tank Global
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No one, absolutely no one:
Sacca in every episode: "I invested in Uber"
He has all the traits of a trademark narcissist.
Which wasn't profitable for 15 years!
Chris Sacca's jealously of Mark Cuban is so palpable. Homeboy has to take shots at him every chance he gets.
bro it’s called joking
theyre actually friends. it was friendly banter
Bruh... they are friends. Ever hear of friendly banter? Oh wait... you actually need friends for that. 😂
@@jugjivanYou can be friends, have banter and still be insanely jealous of another. All is possible.
I don't love Chris Sacca, but frankly, I usually applaud him for knocking Cuban down a peg. Cuban gets on his high horse, acts like he's the smartest guy God ever created, never lets people talk...it gets exhausting, frankly. I don't like Mark, haven't in years.
The entire point of selling just the wheel is, so that it can be affordable.. But what they did is exactly opposite..
Yeah you could literally just buy an electrict bike that cost 950$ or less
Exactly what I was saying. I was hyped until they said the price. If that wheel were cheaper than a bike I'd buy it tomorrow.
@@69yourmom25x not really.
@@jasjfl If it's not cheaper than the bike you would buy instead, you shouldn't buy a bike instead. An ebike under 1k probably isn't worth buying.
@@patpat8727 nope. My son has been using one for years already.
Mark, understandably, is so protective when it comes to the Mavericks. That is definitely his soft spot and quickest way to upset him lol
the chris vs mark angle seems forced.,but maybe they actually hate each other lol
@@RADIO1990 Chris is lame that’s why
@@RADIO1990 I think it's just for entertainment
He was getting trolled about something he owns that is worth that other dude's net worth, so I agree with him
4:12 Mark’s face says “So you’ve chosen death” 😂
Fr 😂😂😂
And Kevin moving his to see mark reaction is gold
@@emperfectalphabet8987facts!! That was 7 seconds of brilliant tv.
When it’s a good product Barbara is out right away, when it’s bad she’s the last one in.
Make no mistake, this product is by no means bad, but the price point is ridiculous
This is funny 😆
Guess that’s a positive of it being her money huh? Lol
Yes, if Barbara would have been around when some caveman invented the original wheel, she would have been out, let alone this one!
No, that’s not true
I really wanted someone to ask where the $950 price comes from. That’s insane. If it were less than an electric bike, this would’ve been a great company.
If you want quality, you'll pay. I paid $1000 for my bike wheels, and they aren't electric. They're Italian.
Yeah it's weird they didn't show them asking the cost to produce and what their profit margins are.
Bafang is the most sought after electric bike conversion kit. In the same wattage, the 500W 48V BBS02 Mid Drive Motor Kit costs 500$ + 400$ for a 48V battery. And it takes roughly 1-2h to install (so, the idea it to keep it permanently affixed). Their product can me mounted/dismounted in 60 sec and it looks like it includes a battery (probably a 48V too). So, for 1000$ it's a good price. That thing might even store energy every time you use the break. That's a good product but the sharks had no idea about the electric bike conversion kit market.
Electric bikes cost thousands and thousands of dollars. I am not sure what his comment was you can get one for 500 dollars which is not at all true. You can find them sub 1000 dollars but they are terrible.
Is it less than an electric bike. They are usually over 2000.
When barbara has a legitamete reason for getting out, you know it’s a bad product
Sounds like she always had some reasons
Not gonna lie. The product was a fantastic idea. The price point was just way too high. And it's too difficult for their company to compete at their price point.
I don't think it's a bad product at all. It's a really coop concept and the fact that it isn't a bike, it's a bike product, in my opinion makes it pretty revolutionary.
It's not failed but targeted for rich consumer, same with Apple's wheel ( meme product ). The problem is Apple already has name in industry while this company is a startup.
I agree with Sharks which they should focus on the bike instead the wheel. They could become the Tesla version of electric bike if Goddess of Fortune on their side.
It isn't a bad product tho.
The look on Mark's face when Sacca mentioned the Mavericks. 😆😂🤣
Barbara: I love this bike so much that I gave it a name. I named it bug. But I hate bugs. So for those reasons, I’m out.
Cuban vs. Sacca is the typical showcase of someone who built what they have become vs. someone who was born with all the tools necessary to get where he is now. Both paths are great, but you can see the personality differences.
Never looked much into sacca even through I am in the tech world and my co-founder was from Uber ... Did sacca come from wealth ?
What that person said ^
Yes
Sacca had $2m in debt at 20 something and earned it back
@@tobias3581 He didnt built anything, he was lucky
You can tell non of the sharks like Chris and neither do i
Same, he's just annoying to me.
The Mark vs Chris feuds are some of the best things on Shark Tank.
"That's the best comeback? That I don't have a basketball team."
Yes.. Actually it's a good one. A rich person comeback, and a good one. Lol
Even if the cost was halved, it would still be on par with electric bikes. Why would you ever buy it unless it was cheaper?
True, there are a ton of like 1k decent electric options and if you go up to 2 k you can already have full on mountain bike shredding trails
That's the thing to me, you HAVE to be cheaper than an electric bike. Otherwise it makes no sense.
Good question. I think many riders already have a 1-2thousand dollar bike and could add on and have a better pedaling bike than the typical e-bike. I have 2 e-bikes I love but they are tanks.
Yeh I think their main market are owners of multiple non-electric bikes that want the option to turn any of their bikes electric quickly and with ease.
I ride a bike for exercise so the cost would not matter.
the sharks have not thought about the impact these wheels could bring into the wheelchair industry
Genius
DUUUUUUDEEEE!!!!
Like this up!
Wheelchairs are already electric so I'm not sure what you're getting at here. Adding electric wheels to an electric wheelchair would just allow it to move at an unsafe speed.
@@gregbach9581 Well electric wheel chairs are pretty expensive so idk if it would be cheaper or not with the electric wheels.
Barbara, and Jenny from Dragons Den just need to do an episode together so no one gets a deal that day.
One overlooked problem- that works only for a 700c rim brake bike. Too many variations, 26" 29" 27.5 700c mtb and now many have disc brakes now . You'll need many different sizes and that's a problem
also different axle types
They put it on a coaster brake bike… that alone makes me nervous. The liability is insane.
4:24 Mark destroyed Sacca haha
It was the opposite don't be such a fanboy
@@yugainsingla7258 nah that was one of the best comebacks look at it’s clearly on his face
@@yugainsingla7258 Loel your guy got destroyed.
@@yugainsingla7258 sacca is a bum, mark quickly let that bottom feeder know his place. Hopefully another Uber comes around soon so sacca might have something to talk about again
@@joshuad1716 It was like a little Chihuahua barking at a Rottweiler.
I’m surprised no one asked if there’s a plan to reduce the cost of the motor. That wheel is money.
$1k to swap a wheel on a bike to make it electric when you can spend $500-$800 on a brand new electric bike. if they brought the price down to $400 - $500 it would be worth it.
In China, E-Bike is $200. So it should be about 200$ dollars to at least wiggle in with the giants.
Electric bikes cost $1200 and above. Also they haven't even started price point is figure at a later stage.
@@ungsethypagna515 Those are mediocre products, and it's going to be cheaper transporting parts within the country they're manufactured.
$200 is too low. $500 is a fair price considering the cost of the components (500 w motor, assembly parts).
This product has to be scaled immensely. That's the end goal. Margins won't be too high but they can surely sell a lot, and license their technology.
except you can put it on an existing bike you already have. Sacca is wrong, traditional bikes arent going anywhere; people love the physical element of biking and bike enthusiants love their bikes. Now you can have an electric option on your 2k+ bike, and can still use it for actual biking. instead of having a mediocre street bike and a mediocre electric bike.
Not all bikes are equal and not all ebikes are equal
You can easily get a 750 watt motor bike for almost $1000 and top speed usually is around 28 mph for most bikes with that wattage. Comes with a LED screen to tell you how fast your going and what gears you are shifting in. It's just a tire with a motor. People back in the days would use lawnmower motors to get around for under 50 bucks. The sharks were smart for not investing in a wheel for the price of a E-Bike.
Marks demonear completely changed after that comment was made, Chris Sacca stung him with that one ☝🏾 lmfao 🤣
I'm really interested in this product but that pricing hurts
tons of bad comments on Amazon
Sharks were right on with this one. My Jetson was $400 brand new. I've seen the price dip below $350 recently.
Jetsons suck tho. My friend bought one and 3 months later the battery takes longer to charge and doesn't seem to hold a charge it's like a cheap toy, not an actual transportation device
The look on Mark's face after the Dallas Mavericks comment lmao
Ayo the comment about the Mavs was out of pocket 😂😂
I was so on board until they said it cost nearly 1k for just a wheel
I was shocked, I though it was 9.50, not 950 😅
I think the truly absurd thing about this product is that it uses the friction of a wheel against a rim to transfer power. There’s so much loss between those surfaces and so much extra friction when not engaging the throttle. They could have at least added teeth or something to the wheel and rim to effectively make them geared, but regardless there are already so many all in one wheel swap kits already on the market that do the same thing with hub motors. Huge dud
i remember the old days where you will have bike light and it goes brighter depends on the speed of your bike.
if they could use that old technology to at least recharge the battery, it will be a blast
What he said
To be fair those little hub motors you toss in the back are more annoying and difficult to install than just slapping a new wheel on and calling it a day. But 950 dollars is absolutely absurd, idk how they were so successful on kickstarter. It shouldn't be more than 500 at the VERY most. If you really want people to be interested, a solid reasonable price is actually around 300 tbh
at what cost?
@Jocelyn The reason for that is the type of motor they use. BLDC motors provide low torque but high rpm. The loss in efficiency of using friction is compensated by the increase in efficiency of using a BLDC motor over a brushed DC motor. So I would say they are not too different in terms of efficiency and no BLDC motor cant be used with gears because of the way the motor works and forcibly using it with gears anyway will lower its efficiency.
I see a lot of value add that you can keep your road bike for exercises, races but slap on the electric when you want to cruise the city. You can essentially have 2 bikes on a road trip for the space of 1.2.
i swear when different sharks come on they are always going after mark for no reason
It's not for "no reason" tho. He earns what comes at him.
Chris: "this is gonna be shorter than the Mavs highlight reel"
Mark: "YOU are shorter than the highlight reel"
I think there's a market. For people that have a really nice bike (or bikes🤣) that have thought of going electric, but will always want to be able to go back to their regular bike.
The only issue I'd be worried about is axle width compatibly.
Theres already a better product out there for that, clips onto the back wheel.
Anybody who has a really nice bike is not going to want to put this piece of junk on it.
Yes I agree in that case there is a market. Maybe it's not large enough for the Sharks but they should sell some of these.
Cool concept, but they're charging way too much.
Barbara going full Basic Instinct on the tank.
Omg I love Mr wonderfuls face when sacca tries to burn Cuban and the mavs
Barbara: WHERE'S THE BRAKE!? *Proceeds to fly out the window* ...And for that reason, i'm out.
4:08 i love how mark turns his head slowly in anger with that comment lol!
I think they have a good product. May be cost out is required to trim the price. This happens with all new products.
I was also interested in the small bike, instead of the wheel. But reading other comments, the wheel might be great outside of bikes
Mark was ready to square up after Chris brought up that Dallas Mavericks playoff highlight reel!!! 🤣🤣🤣🤣🤣😭😭😭😭😭😭
Kevin and Barbara cycling tho 😇
Why am I addicted to this show?
Honestly same. I discovered it a few days ago and can't stop watching!
@@JosephineMarmalade wow just a few days ago?
I like men
@Marilla Shafer bruh the show is over 10 years old u missed out a lot
The engineering is great! Shure this guys can make it cheaper they look smart!
but then they cant be filthy rich, cmon now use ur brainz
@@MrPaxio bruh from that comment, you don't even understand the concept of reducing manufacturing costs. Cmon now use ur brainz and go fix your self-esteem issues(SMH)spreading toxicity everywhere like it's your mom's basement. LMAO
They didn't eventually do well on the market, this show aired a few years ago and they did great for a couple of years but their company has been silent for the last year or two and they have stopped selling, Amazon reviews are not too promising either.
This looks super familiar to an ad I saw where it was exactly the same with the wheel but you put a battery pack on top between the handlebars
Thank for uploading the pitch from 2011
Mr wonderful said you have 1 more shark left and pointed at Barbara. Right then and there they should've known that it was over and "she's out" . 😂😂😂
One of the best idea on here
“Effectively unchanged for 100 years” ok let’s just ignore decades of technological development
they still didn't change it. All they did was add another wheel to push the bigger wheel
Great attitude from these Innovators, their ideal may still lead to success if they can improve the price point.
Nope. They tanked.
Bro the way Cuban looked at sacca when he made that comment LOL
Lori's wigs are just perfect... 🤭👌😊
4:12 my reaction when someone cuts in front of me at the McDonald’s double drive thru
💎 of UA-cam videos with quality unseen before🌎
Mark is like, "You don't have a team do you"? The flex. LMAO
"the blind chasing the blind" LOL Sacca
Here in Canada electric bikes sell for 3k and up so I didn’t see the issue at with taking a good expensive non electric and being able to convert for town stuff for 1000 then switch back for mountain terrain
same in the EU. I think this is genious if they offered fat tires and different tire shapes.
so your still paying almost 3k, an expensive non electric bike cost about 2k and add 1k for the wheel and your point becomes invalid
I like the fact that you don't need a new, just take the wheel and go.
That was a good idea, I definitely would buy that accept 950 price range probably like $500 or less but if I were to invest into the company I would want 35%
Retrofitting what we already have would drastically increase our goal to decrease emissions. They should invest car tires that can do the same thing. Imagine a front wheel drive car where the back wheels are replaced with electric ones to help push the car from a stop. Now it's a hybrid, gas milage goes up, and there are literally tens of thousands of cars and even small trucks that could do this tomorrow if the product was there.
I dont think they would be able to sustain the power needed to push something so heavy.
These guys are engineers but not entrepreneurs who recognize the problem or business people who know how to position and sell their product.
Great idea man !
It's a good idea IF you have enough power
Is a great idea run with it
That's a great idea, you should go for it!
I'm addicted to this channel, not gonna lie lol
I'm surprised nobody asked how to charge that thing 🤔. When I had an electric bike I took the motor with me to charge in the apartment. I'm sure there's different options for different bikes but if I can't charge it inside I wouldn't be able to use it
This is a great product. I’m surprised nobody in the business or the sharks saw the licensing opportunity here. If these guys have patented this technology, the most clear play here is to sell their tires directly to large bike manufacturers or let them build their tech through licensing. Literally will save any bike manufacturer mountains of money in development costs, hours spent developing, and everything else. The worlds largest bike maker can become the worlds largest electric bike maker overnight.
$950 is way too much for a wheel, and you still have to have or buy a bike on top of it to use it with. If you buy a full electric bike its cheaper
@@darya7081 true, the price is the major pain point here, but with a licensing deal that’s not their problem. They just sell the rights to make the wheel to large bike makers, and than the bike makers work on actually making it and getting it made at a certain cost for themselves.
But I’ve learned since I made this comment that this tech already exists and there are much cheaper wheels that do the same or similar thing, so prob not that valuable lol
@@syednaqvi2740 it would be there problem. Duhhh..if they don't sell then what?
What technology is at play here? Hub motors? They have been around for decades. Spinning a wheel carrying the weight of a battery is nonsense. This whole thing is a joke.
"that's literally your only comeback?"
says the carcass that was just slayed for poking a giant
Pedal backwards to break, imagine going 20kmph and doing that in an emergency.😅
When Mark says “Good Luck” instead of congratulations you know you got a bad product
Bikes can sell for several thousand, especially name brands, so this would be an occasional upgrade for those consumers.
This is perfect for folks like myself who own multiple bicycles. Jim Rohn taught me to "Buy one and rent out the other" lol! ---all jokes aside, the GeoOrbital is perfect because I can swap out the tires on either bike---especially on a day that I'm cranking out miles. The price is steep but it's better than buying another bike. PLUS They resolved a global sustainability issue. Ever wonder what happens to bikes never sold or the ones nobody wants anymore?? I have. It's not a good look.
Yea but I just have bikes laying around and when the price is more than an electric bike I would rather just buy an whole electric bike because not everyone wants to spend 850 on a Bike tite
@@caden1456 yes but some people do. Thats the point you don't seem to get
@@NadiaSeesIt who in their right mind does if people did they wouldnt be out of business
Sustainability? Guarantee that thing breaks within one year of heavy riding
@@NadiaSeesIt yeah stupid people that want to show off how much money they can waste on a bike tire.
Barbara : I own a car and for the reason I’m out
Barbara literally went out with the bike saying "I'm out".
“Oh you don’t own a team” was literally the lamest thing he could have said there. Shutting up and laughing it off would’ve been way better 😂
Put my ebike together for 350 with a 1,000 watt motor
Kit .
950 is Hella steep but they are on to something .
Just seems like they are smoking something. Keep pushing fellaz
Must suck when you have one shark left and its Barbara,i would just walk out at that point and save everyone some time.
Haven't even seen the video yet but Chris Sokka is in it so I'm sure Uber will be mentioned.
This must have been right after The Toor presentation where Chris and Mark had that big argument.
*Barbara driving out of Sharktank* Barb "I'm out!"
1:49 u cannot miss this 😂😂😂🤣
Barbara: I love that bike & for that reason I'm out.. 3:34
Barbra “ that’s a really cool bike , for that reason I am out “
The price for a conversion bike kit ranges from $115.00 to $1600.
Buying a conversion kit is cheaper than buying a new electric bike.
Research shows:
They predict here in the US, electric bikes will become the largest market in the world within the next 10-15 years.
Where is your source?
@@Yayaloy9 source is *trust me bro*
Do you make a smaller wheel for a wagon or go cart
The wheel is very marketable, how many bikes are stolen? the entire system on a front wheel means you can take it off and carry it with you and leave the bike locked up like normal. Just make a nice case to carry it in, maybe with a shoulder and back straps.
That look from Mark.
Kevin: You have one shark left who's out before you even came here.
Mark was visibly shook 😂😂😂
Michael and Dakota, keep your heads up becasue this is something that could radically transform the electric bike industry. Just like Dakota remarked, ÿou guys are indeed on a roll.
They went out of business already.
No, lol. The entire physics of it tells me that I would be doing the environment more favour by investing in an actual electric bike, which is surprisingly way cheaper than this too.
There’s already competitors out there doing it for $600-$700 on Amazon which is still wayyyy too much
There's already competitors out there doing it for $300-$400 on Amazon which is still wayyy too much
This is kind of amazing if you think about it. You can turn a really comfy bike electric or any style of bike that they may no longer make. if the tires were that of mountain bikes then omg it would make electric mountain bikes way more affordable if you look up the cost. I actually kind of want one of these. I wish they offered fat tires and I would be all in with a trike.
It is way too expensive.
@@SilverSergeant I dont think so based on being an actual ebike consumer however, the fact that you can not buy one immediatly and have to wait forever, is where I do not find it fun. I hope they continue to do well and offer more size options IE I am interested in FAT tires. Sure you can find another kit to turn a large number of bikes electric but it requires a lot more work to configure
This is kinda not amazing if you think about it.
Barbara: "This bike looks like a bug to me and for that reason I'm out!"
I would pay $300 max for this. It’s a great idea
You don't make enough money then. Get back to work
Barbara "You didn't tell me beforehand how to use the brakes, and for that reason, I'm out"
I love both products
It's funny looking at Barbara biking
4:08 Where did that come from?
Lori, kept it simple. Need, solve, affordable
Any Update on The Company ?
I stopped watching once I knew Barbara was the last shark left because I already knew what her answer would be lol
4:05 😂
when the video is not over 8 mins, you already know they're not getting a deal
This is solving a problem that doesn’t exist.