That's literally the most emotional story ever (not to mention the guy has narrated it so peacefully without making extra fuss), which I bet has left most of us in tears like Mr Wonderful
@@usmanshahid2219 Someone can go in there and be like "Hi Barbara" Then Barb would be like "I don't like the way you said that to me, and for that reason I'm out". She's petty.
Whether they were helping him or their fellow shark depends on your evaluation of the resulting deal. He entered valuing his company at 3 million dollars (10 percent at 300k) and ended up selling it at a value of 735k (95 percent for 700k). He came down more than 70 percent on his valuation. Of course, he now has to do nothing and reduced his risk.
9:48 I love how both Mark and Kevin is full on board trying to explain the outcome of Lori's deal to make sure this guy understands what he's getting into. I especially love Kevin's explanation about the royalties here. Just two nice experienced blokes trying to help out a new entrepreneur.
He believed in the valuation but the investor didn’t. Think of it this way - Lori valued the company at a $1M, and he accepted it and sold the company. Immediately after, he bought 5% for the 300k. Lori already recovered almost half her investment
His brain works faster than he can talk lol, he definitely rambles. Smart to retain 5% though, even though he probably could’ve worked Lori back up to $800,000. Kudos to him
Doesn't really matter. He sold a company which was loosing money year over year for 700k and still maintained 5% equity + 3% royalties, what else would you need? He's made for life.
He did the right thing selling it .. because he couldn't manage his way out of a paper bag ..but the product is cool ..lori could turn it into a great business
That's why he's there. He doesn't have the business expertise to think on the fly like that. I also think he had no idea that a full buyout would even be on the table.
Then Lori probably would have countered with 800k, he would have made an extra 100k. But in the end it doesn't really make that much of a difference if the business becomes worth multi-millions.
@@pauldavis5665 or Lori could have left and he is left with a company making loses year by year. It's not uncommon for that to happen either on Shark Tank.
Mark Cuban: Best presentation ever WOW *Gives the best and emotional story about his late father * Barbra: You’re not a great communicator, all over the place, I’m out.. WHAT?? Get that witch out of those seats RIGHT NOW
@@Akpar11And Lori would have said Nope, I’m out. Then he would be screwed because they clearly had no idea what they were doing & nearly ran the business into the ground.
I usually roll my eyes at how everybody on here has some emotional story and then starts crying. But this time, I was the one that started crying. Sheesh what a moving story about his Dad. I'm glad that he held on to some of the company.
This is rare but I really love this product!! Can’t believe the sharks went out. Probably cuz sales declined but it just needs some better marketing and nurturing! Great story❤
What nobody seems to understand is that the shaving cream intended to be used with the brush is soap. It's slick. The chemical stuff thay comes out of a can is dry. The brush needs to be wet to have any benefit, which is to add water to the foam/soap.
@@corierayvonssidenigga7508 Even so, he got out of a failing business, its best to take the passive income and the big check now instead of going up against a big industry with very little knowledge.
I think they are missing the real opportunity - licensing the technology to the giants already in the business who could use the better application method.
I went to the website , I think Lori need to renew the website and start marketing campaign coz still a lot of people have never hear about this awesome product
So now the Company is worth 6M+ , So now his 5% is worth the 300k difference in the deal. Thats awesome, and from now on that 5% has a chance at being ALOT more than the ~300k left on the table. + The royalty paycheck. This was a great negotiation even though he was quick to accept and not counter Loris 700K.
When Barbara was born, she looked up to the doctor and said, " I'm out"
😂
You got that right...don't know why she is on shark tank?!
Brilliant!👍
LMFAO
🐐 comment
That's literally the most emotional story ever (not to mention the guy has narrated it so peacefully without making extra fuss), which I bet has left most of us in tears like Mr Wonderful
100% agree
I second that 100% agree!
"I want people to express their emotions in a non-emotional way. I am very smart and definitely not a dumbass". Get a grip, dude
Mike is a P I M P , congrats brother
nah, boohoo 😂 everyone has a sad story lol. at the end of the day they only want moneyq
Finally, an emotional speech without all the extra crying and pauses. That's how it should be done.
This the first comment I'm reading before watching the whole thing and I'm already excited
Cause he’s a Man.
I agree
You said it first but I thought it first
What's wrong with crying and pausing if it's emotional?
She said he’s not a clear communicator?
That story narration was pretty clear. Straight to the point.
Now you know why the Barbara meme came to be.
They cut out like 90% of the pitches to condense them; he probably was all over the place
@@usmanshahid2219 Someone can go in there and be like "Hi Barbara" Then Barb would be like "I don't like the way you said that to me, and for that reason I'm out". She's petty.
Because she didn't do better
Grandma has dementia
The fact that Mark and Kevin were helping him negotiate says a lot. Also, first time I see Kevin in tears.
There’s a couple episodes i’ve seen where he tears up
Kronos golf club had Mr Wonderful wiping away tears
Whether they were helping him or their fellow shark depends on your evaluation of the resulting deal. He entered valuing his company at 3 million dollars (10 percent at 300k) and ended up selling it at a value of 735k (95 percent for 700k). He came down more than 70 percent on his valuation. Of course, he now has to do nothing and reduced his risk.
@@FiftyFiverr He kept losing money so makes sense
9:48 I love how both Mark and Kevin is full on board trying to explain the outcome of Lori's deal to make sure this guy understands what he's getting into. I especially love Kevin's explanation about the royalties here. Just two nice experienced blokes trying to help out a new entrepreneur.
He entered the den looking to sell 10% for 300k, left buying 5% for 300k. Safe to say he was a believer in his valuation.
Very true
Wow, that took me a minute to fully understand😂😂😂
It’s “the tank” brother… I love u Brit’s, but across the pond it’s “the tank”
Forget the 3% net sales?
He believed in the valuation but the investor didn’t. Think of it this way - Lori valued the company at a $1M, and he accepted it and sold the company. Immediately after, he bought 5% for the 300k. Lori already recovered almost half her investment
-Hello Sharks!
-Barbara: Im out.
😂😂😂
"Let me interrupt you right there, I'm out."
Namitha Thapar
😢😢😢
You are missing the absolute nonsensical explanation why she is out. "Hello Sharks"; "But today is a Tuesday for this reason I am out".
"I love your story, it was very touching, your father was definitely very proud of you; and for these reasons I am out" - Barb
Quite literally, by far, one of the GREATEST & most well-prepared presentations of this show!!! GREAT JOB!!!
Agreed, this was one of my favorite pitches!
my pitches? who are you? are u mark cuban?@@SharkTankGlobal
@@SaiKumar-qs9ly probably just the social media intern lol
@@SaiKumar-qs9ly nah why would a billionaire be out here replying to comments for minimum wage😂
I love Mark Cuban, he gives unbiased advice
No he doesn't, Kevin O'Leary does.
@@TingTingalingyNo he doesn’t, Mark Cuban does.
@@redarrowplayz4538you're riding the nark sausage... so tacky.
@@TingTingalingycould say the same about you with Kevin
No one can beat Ashneer Grover 😅
His brain works faster than he can talk lol, he definitely rambles. Smart to retain 5% though, even though he probably could’ve worked Lori back up to $800,000. Kudos to him
I woulda worked her to 8 and took 775 lol
That is exactly what i thought immediately... =]
Exactly, I can't believe he didn't counter! He definitely left $100k on the table.
Doesn't really matter. He sold a company which was loosing money year over year for 700k and still maintained 5% equity + 3% royalties, what else would you need? He's made for life.
@@usmantariq7997the extra 100k
Wow, I've never seen Mr. Wonderful shed a tear before.
I was not expecting that either haha
Who
@@MiArcangelKevin
@@MiArcangel baldie
He's done it before. You just haven't watched enough Shark Tank. 😉
I have heard a lot of emotional stories over the year on reality shows but this here felt like the only genuine one, is the best and hits me the most
Same!! I teared up like Mr. wonderful
Kevin might love his money but he’s a compassionate, sweet man. I love when he tears up because it shows his humane side.❤️
Eh, he has emotions, but he’s a shark. In his past, he’s sold duds to other companies for billions.
♋️
@@johnathant6735those companies would do the same to you. Eat or get swallowed.
I love Kevin!
The company is now worth $6 million and doing really well.
So eye balling that 5% he kept is worth, 300,000. Way to nail the valuation
It's amazing he was able to hold his emotions in that entire time, truly inspirational!
If you make Kevin cry you know your storys heartwarming. This might be the most likeable guy ever in the tank
When he said he had his dad's ring on, that finally did it. Tears are rolling
Whew! You know it hits when Mr. Wonderful tears up.
Kevin saw 10 dollar bill ruined by the foam, that's why he was weeping
@@oknezakul2277🤣🤣🤣
Probably the best story ever - very touching
Barbara : thats why i m out
The one about the farmers was better
there's something about these stories of dad's who continue to look after their families long after they've left.
He did the right thing selling it .. because he couldn't manage his way out of a paper bag ..but the product is cool ..lori could turn it into a great business
Never in my life I would be SO proud of a complete stranger I watch on UA-cam. I'm rooting for him. Way to go, Mike!
What a great story, the best part about mark and Kevin is how much they still help even if there out
What a sweet guy I shed a tear when he had his dads ring on
Amazingly composed while sharing a difficult story, without taking the attention off his product. Las más ganas que le hechas lo mas te ayuda dios
You always learn something new whenever Mark speaks up. I never knew about Smuck Inusrance.
Mark is truly here to help the little guy.
Mark, is that you?
Man, he could’ve counter 900k. Hope the company is going strong and keeping his father's legacy alive.
That's why he's there. He doesn't have the business expertise to think on the fly like that. I also think he had no idea that a full buyout would even be on the table.
He could've but Lori was the only Shark left. He still got a good deal out of it!
Then Lori probably would have countered with 800k, he would have made an extra 100k. But in the end it doesn't really make that much of a difference if the business becomes worth multi-millions.
@@pauldavis5665 or Lori could have left and he is left with a company making loses year by year. It's not uncommon for that to happen either on Shark Tank.
This was one of the best pitch, deal negotiations and the overall backstory.
Barbara : A phenominal salesman is a large concern for me and for that reason i'm out! 🤯🤯
Hey @dusanthsritharan2610 - do you "fib" much in daily life, too? If above is a "joke" ... a large concern is ... joke sucks !!
Wow Lori! You are such an inspiration to all of us trying to bring our inventions to market. Thank you!
Barbara is very unlikable in this clip
And for that reason you are out
Yesss when he countered with the equity that made me hella happy
I Believe his Dad must be proud seeing his sons take the shot.
One of the most uplifting episodes I've seend, and I'm following this show for years. Well done!
Mark Cuban: Best presentation ever WOW
*Gives the best and emotional story about his late father *
Barbra: You’re not a great communicator, all over the place, I’m out..
WHAT?? Get that witch out of those seats RIGHT NOW
5:01 we are together in there, Mr Wonderful. It hit me too.
Best story ever! So heart warming and emotional
One of the few genuine people to step into the tank
Lori going to 700k is BRUTAL
Dude wanted to keep the 5% and since she was the only shark left, she had the leverage, He needed her, not the other way around.
he should have countered to 800k. but he dint
@@Akpar11And Lori would have said Nope, I’m out. Then he would be screwed because they clearly had no idea what they were doing & nearly ran the business into the ground.
Asf!
I would have counter at 850.. I mean it was only an extra 2%🤷🏾♂️
verrry
Barbara once again insults. Saying he's all over the place and can't communicate. On the contrary. He was direct, and communicated well.
Gotta give it to the dude he got the passion listening to him present I felt like I could run through the wall
Lori gave the most dry sorry to hearing someone passed away it was hilarious, only for dude to go into the most heartfelt story on this show
I swear mark calls everything the best presentation ever
I usually roll my eyes at how everybody on here has some emotional story and then starts crying. But this time, I was the one that started crying. Sheesh what a moving story about his Dad. I'm glad that he held on to some of the company.
A hug from Lori: Priceless.
Haha that's sweet
That boy was lying at the beginning when he said this is all you need...an it wasn't even enough to shave 1 cheek
This is rare but I really love this product!! Can’t believe the sharks went out. Probably cuz sales declined but it just needs some better marketing and nurturing! Great story❤
When was the last time you saw Barbara make any investment? She is known for going out.
The note was a real tear jerker wow ! GREAT JOB
One of the best Shark Tanks ever and Lori has a very good eye for products!
Right decision for him part. Continue the legacy! Sucess for this entrepreneur!❤
Loved how he was mentioning David and Goliath. Great way to honor God and His kingdom by helping to be a light
one of the best feel good episodes. so glad he got some equity.
Very nice presentation. Clear and to the point.
the fact that kevin is crying😭
Holy crap this is one of the best pitch+deals I've seen on Shark Tank.
You can turn this into a movie 😢
This was the best product pitch, product itself, and story I’ve ever heard on Shark Tank
I have never seen Mr. wonderful cry or tear up on the show before.
Lol it has happen a bunch u just haven't watched enough lol
He tears up often lol. Mark is the only one who almost never does lol
What nobody seems to understand is that the shaving cream intended to be used with the brush is soap. It's slick. The chemical stuff thay comes out of a can is dry. The brush needs to be wet to have any benefit, which is to add water to the foam/soap.
Been waiting on this full pitch to drop!!
3% is a rip off. At least 12% royalty because the shaving cream might not hit but that removable brush will hit 💯
Exactly. That too on net sales.
This was on Canadian dragons den 10+ years ago, Robert and Kevin laughed it off 😅 .. different "inventor"
Barbara: your product is great and I love it, together we could make millions, and for that reason I’m out.
😂
what a presentation. Masterclass
I know he has a beautiful hearted family
Oh my goodness. I got chills from this story. I love it!
I want to believe Lori would have accepted $800,000 if he had made that offer.
Right, now after taxes he’s probably going to come out with 400,000
@@corierayvonssidenigga7508 Even so, he got out of a failing business, its best to take the passive income and the big check now instead of going up against a big industry with very little knowledge.
I think they are missing the real opportunity - licensing the technology to the giants already in the business who could use the better application method.
Wow. Probbaly the best 'story' behind a product ive ever heard, especially on shark tank.
I went to the website , I think Lori need to renew the website and start marketing campaign coz still a lot of people have never hear about this awesome product
I agree , their social media hasn't updated since Nov 2022
At least he got $700k out of it
@@KK-fw4zq it’s not about the 700 K he got ,
i believe it’s very good product and can make millions easy
From what I heard sadly Lori didn’t complete the deal
@@Harderanger ohhhh that’s sad
Barbara: "I don't shave, and I don't know anyone who shaves, so for those reasons, I'm out."
The post-death note hit like a damn truck. Easily one of the most raw and emotional moments from this show.
Just what I love about shark tank, these sharks aren’t competing, they’re there to help each other, it’s brilliant
Would have loved for him to say “and that’s dragons den!” 😂
People should also give Lori credit for being exactly the right person to do the deal with him and for her stepping up and going all in
amazing story and i’m so glad these two brothers are doing amazing now
May God bless Mike and his family. He was honest with no excuses.
Looks like they both made a good decision. Time will tell.
Goosebumps! when he brought up the note from his dad.
The guy is a great story teller
THIS....this is the best Pitch ever. There's no contest
He would be a great spokesperson for shark 🦈 tank 💪🏾🙏🏾
He hold his composure outstanding speech I love it!!!❤
Legacy Shave is worth 6M now.
“You’re a phenomenal salesmen but you suck at speaking, for that reason I’m out.”
- Barbara
Seeing Kevin cry made me "happy" somehow. See he's got a heart.
He should have said 850k with 5% royalty and she would have done it
Just bought one. Story like that’s gets my money.
I haven’t clean shaved since 2018 and I still want to buy this
Manscape though, right?
So now the Company is worth 6M+ , So now his 5% is worth the 300k difference in the deal. Thats awesome, and from now on that 5% has a chance at being ALOT more than the ~300k left on the table. + The royalty paycheck. This was a great negotiation even though he was quick to accept and not counter Loris 700K.
Most wholesome episode for sure
At this point I've lost count of how many times mark has said "best presentation ever"
That 5 % is more valuable then any dollars just for the sentimental value!
Mark and kevin helped him a lot
Absolutely one of my favorites.
Lori is a very clever n brilliant bussiness lady .
I know she took risk, but knowingly how profits she will be ..such a brilliant she is..