Sold 900 in 1 week since the show airedThey only had like 1000 sales when he went on the air. Clearly it was a niche market. The guy had the best sales pitch (all profit margin, wants to be the next pet rock, etc) low investment (only $10,000). Just having him involved is worth the investment alone...if Cuban drives 3000 sales, he covers his investment. And there's a potential that there's a home run in there to. 10k for any of those guys is like me buying a powerball ticket.I'm going to buy my wife one as a joke b/c we were making fun of how awful it is.That dude (and Cuban) is a genius for exploiting that opportunity
I was watching it thinking to myself, "People pay $10 for one of those?"
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Shark Tank on ABC (3 Viewers)
- Thread starter Red Eyed and Blue
- Start date
Ned
Footballguy
I love the board, even though I want to punch Kevin in the face.
Dragons
Delusions of Grandeur
Cuban is an #######. He basically stole the wine balloon company and made the guy feel good about a measly $400k. Kevin looked like a saint in comparison and I probably would have taken his offer (or walked out, the Shark Tank can't be the last option for these people).That QVC chick is a bit raw. Her arguments in the final segment didn't even make sense with the offer she made.
Dr. Awesome
Footballguy
Wine guy was eaten alive. I felt bad for him. Cuban annihilated him. That was painful. He lost 200k in a matter of minutes? Kevin was right. Mr. Wonderful is still my favorite. He is completely and totally upfront with who he is and what he's about.
Really dislike the QVC chick. I like Barbara's balance but would be okay if she gets replaced. But QVC girl is no bueno. The whole check in my hand gimmick seemed so incredibly forced.
Still one of my favorite shows on tv.
Really dislike the QVC chick. I like Barbara's balance but would be okay if she gets replaced. But QVC girl is no bueno. The whole check in my hand gimmick seemed so incredibly forced.
Still one of my favorite shows on tv.
TLEF316
Footballguy
I'm a big Cuban fan, but that wine guy thing left a really bad taste in my mouth.
It's his own fault (Its called "The Shark Tank" for God's sake) but he got bullied really badly.
That's a multi-million dollar idea. He should have known that going in and it should have been obvious once Cuban started acting like he did.
It really was painful.
It's his own fault (Its called "The Shark Tank" for God's sake) but he got bullied really badly.
That's a multi-million dollar idea. He should have known that going in and it should have been obvious once Cuban started acting like he did.
It really was painful.
identikit
Footballguy
After he got undercut to 400k wineguy should have walked.THe exposure from the show would have brought out a better deal.
what's stopping him from changing his mind after the show? there is no way that saying "i'll take the deal" is legally binding. kevin even made the mention when qvc chick cut a check earlier that "it was a shark tank first" and "she didn't even do her due diligence".that wine guy seemed way too smart to get worked over like that. the qvc chick didn't even have a reason that it went from 500 to 400. i still don't understand why he didn't even put up a fight for the 500.
On his website he is saying he didn't make the deal in the end. Wineballoon.com
Dragons
Delusions of Grandeur
Good for him.
mr roboto
Footballguy
Wasn't this guy on another show like 6 months ago? I swear he was on either Shark Tank or some inventors show.
Dragons
Delusions of Grandeur
His website says, "As seen on Shark Tank, 20/20 and Food Network."
Zegras11
Footballguy
Not when they show how a deal has done every show from past shows.There has to be some kind of out for both sides. Just not enough info in that short of time.
From the end credits:'Any on-camera deal is contingent upon appropriate due diligence and the signing of a binding written agreement between the entrepreneur and sharks.'Would be interesting to see if this is the first time this has happened. Be good to see some more follow up on 'where are they now'
i love the show, and i guess there's no way around that happening, but it does make the whole negotiation process worthless. i wouldn't be surprised if it's weeks before they sign that agreement. weeks in which the entrepreneur can realize that he is getting molested, or the shark and them can re-work the deal to look nothing like what we saw on tv.oh well. still an entertaining show.
bshell27
Footballguy
I hated this guy for selling his patented idea so quickly and thought the sharks ripped him off, but he showed he was not the guy to partner with. Even the final decision showed he was not cut out for business. There was definitely blood in the water and kudos for the sharks for picking up on it. This guy deserved it IMO. Too bad he wasn't more business saavy.
ha...he should have asked her for 100% of the company. why would she want to remain in business with him after he screwed her around like that?
although i'm sure that a large % of the deals happen, and probably pretty close to for what we see, i guess they are simply making a deal on the show for the right to negotiate.
TLEF316
Footballguy
I would be happy to teach her something the hard way....
Dr. Awesome
Footballguy
I read an interview a short while back going into some of the details. The sharks claim 1 in 5 to 1 in 3 deals actually go through after due diligence is done. Cuban claims he's had owners receive better offers before they finalize things if he doesn't finish the paperwork before airtime. And though it's been a very short time (what, 3 seasons?) Barbara has probably made the most money with Fubu close on her heels.
Zegras11
Footballguy
Cuban's Blog
I love that SharkTank is killing it ! Its doing incredibly well and viewership continues to go up. What’s been the most amazing and rewarding is the number of teenagers that watch, and even more incredibly, the number of kids that watch with their parents.
They dont Hulu it. They get together in front of the TV on Friday nights at 8pm EST , tune to ABC and watch and discuss the show. Try that in front of an IPad or Iphone. And not only do they watch as a family, they even tweet about it as well. #Sharktank continues to trend as all the Sharks tweet in real time. (And yes, we were the first tv show to do so when we started doing it last season )
As much fun as it is to brag about the show , that is not the point of this post. This post is to provide answers to the questions that I repetitively get about SharkTank. So here we go:
1. Yes it is our own money that we invest in the deals.
2. We know absolutely nothing other than the name of the entrepreneur when they walk into the Shark Tank. Which is exactly why you see us all start taking notes the minute they start talking and telling us what they are looking for.
3. We do not have access to computers. So we can not do a search or get any other information about the company or industry. Every thing we know or ask comes off the top of our heads.
4. We don’t get to see the tv packages that you see on the show until the show airs. I personally never watch any advance copies of the show. I see it for the first time when it airs on ABC. It makes the tweets more off the cuff.
5. The pitches that you see are just as we see them. The entrepreneurs don’t get any do overs. If they screw up , they screw up and the show must go on. Some have freaked out, and we try to calm them and get them back on track.
6. The pitches and the Q&A can go on for anywhere from 20 minutes for a deal everyone hates to more than an hour for a deal everyone is competing for. The producers then cut it down to what you see on air
7. The Sharks like each other away from Shark Tank, but when we are competing for deals, we are really competing. We get mad at each other. None of us like to lose deals to the others.
8. The pressure in the SharkTank is off the charts. The Sharks feel it. The entrepreneurs feel it and sometimes get caught up in it. That sometimes leads the entrepreneurs to “embellish” details of their business. This is why we do due diligence after the show. It can sometimes be very, very difficult for the entrepreneurs to not get caught up in trying to get a deal. Its our job to catch any mis statements when we do our drill downs after the show.
9. Yes Kevin is always exactly the way he is on the show.
10. We all absolutely love doing the show
I love that SharkTank is killing it ! Its doing incredibly well and viewership continues to go up. What’s been the most amazing and rewarding is the number of teenagers that watch, and even more incredibly, the number of kids that watch with their parents.
They dont Hulu it. They get together in front of the TV on Friday nights at 8pm EST , tune to ABC and watch and discuss the show. Try that in front of an IPad or Iphone. And not only do they watch as a family, they even tweet about it as well. #Sharktank continues to trend as all the Sharks tweet in real time. (And yes, we were the first tv show to do so when we started doing it last season )
As much fun as it is to brag about the show , that is not the point of this post. This post is to provide answers to the questions that I repetitively get about SharkTank. So here we go:
1. Yes it is our own money that we invest in the deals.
2. We know absolutely nothing other than the name of the entrepreneur when they walk into the Shark Tank. Which is exactly why you see us all start taking notes the minute they start talking and telling us what they are looking for.
3. We do not have access to computers. So we can not do a search or get any other information about the company or industry. Every thing we know or ask comes off the top of our heads.
4. We don’t get to see the tv packages that you see on the show until the show airs. I personally never watch any advance copies of the show. I see it for the first time when it airs on ABC. It makes the tweets more off the cuff.
5. The pitches that you see are just as we see them. The entrepreneurs don’t get any do overs. If they screw up , they screw up and the show must go on. Some have freaked out, and we try to calm them and get them back on track.
6. The pitches and the Q&A can go on for anywhere from 20 minutes for a deal everyone hates to more than an hour for a deal everyone is competing for. The producers then cut it down to what you see on air
7. The Sharks like each other away from Shark Tank, but when we are competing for deals, we are really competing. We get mad at each other. None of us like to lose deals to the others.
8. The pressure in the SharkTank is off the charts. The Sharks feel it. The entrepreneurs feel it and sometimes get caught up in it. That sometimes leads the entrepreneurs to “embellish” details of their business. This is why we do due diligence after the show. It can sometimes be very, very difficult for the entrepreneurs to not get caught up in trying to get a deal. Its our job to catch any mis statements when we do our drill downs after the show.
9. Yes Kevin is always exactly the way he is on the show.
10. We all absolutely love doing the show
Das Boot
Footballguy
Agreed, plus the sharks have treated many people equally badly on the show.
Pat Patriot
Footballguy
I dont think he was looking for a deal. Didnt seem like he wanted or needed one. I thought he might just be there for the free publicity. A free commercial for his retail clothing business.
Wyld Stallyns
Footballguy
Dr. Awesome
Footballguy
Iirc you give up 1% to even get on the show. I don't know if they enforce it but it's not totally free publicity.
Max Power
Footballguy
He sure was. I dont blame the guys for walking out on him. Cuban was spot on with his call.
LongDuckDong
Footballguy
Tough to tell what really happened with the TV edit, but seemed like he could have forced a valuation increase at 30% of the business. Not sure why he didn't.
mr roboto
Footballguy
The chick (what's her name) was right. Something to dislike about him. Maybe that dumb smile.
Max Power
Footballguy
so sure enough, I just ran out to the gas station to grab some beer and what do I see? Copa De Vino wine by the glass. I had to give it a try. The white Zin wasn't bad. 2.99 a glass though. The material seemed cheap too. Like if I left it in a backpack with a couple heavy things, I'd expect wine everywhere...'mr roboto said:
No. 16
Footballguy
He went on the show just to give a big "F U" to the sharks IMO.
Das Boot
Footballguy
I think he went on for the publicity - you can't beat it.
identikit
Footballguy
Both of these.
CrossEyed
Footballguy
Agreed. Guy seemed like a jerk. A successful jerk, but a jerk nonetheless.
The Kerminator
Footballguy
That's why they were there . . . nothing like free publicity.
CrossEyed
Footballguy
Horses Mouth
Footballguy
good show tonight. the lock guy was pretty savvy during the negotations. the private equity background certainly helped out. by offering cuban and mr. wonderful the power of the board to protect them in the next rounds was very impressive. thoughts?
Dragons
Delusions of Grandeur
I agree he did a great job working the deal. I also think he was smart with how he's looking at growing the business. He needs $500k to take it to the next step where he can then raise the next $600k to go profitable. Because they've taken the next step (and negotiated black & decker), that next $600k can be done for far less equity than this round. (I don't remember the guy's name who sits on the right who barely makes any offers)'s offer was twice the money for less than twice the equity, but was basically lumping both equity sales in at the current price. It's smart to split the two AND get Kevin on his team to help raise money the next round. You know he's going to be protecting his stake and selling that $600k for the lowest equity possible.ETA - my wife and I have a running joke on how (the guy on the far right) barely makes any deals. It almost seems like he's really frugal or he doesn't have a lot to invest, so it was nice seeing him blow the lock off his wallet with the $1m offer.
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Wingnut
Footballguy
Robert has made a few high dollar offers. He does a fair amount of deals, but not as many as the rest. He's lost deals for not budging on thr percentage he wants, and he almost never accepts counter offers.
The lock guy was awesome. I've never seen someone on this show that had pretty much every angle covered and knew how to talk to the sharks. Plus his product is friggin awesome.
The lock guy was awesome. I've never seen someone on this show that had pretty much every angle covered and knew how to talk to the sharks. Plus his product is friggin awesome.
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