no one is good at math here. if he sells 450k and the belts range from 45 to 100, he doesnt sell a single 100 dollar belt. No one asks that but mention a basic 4X multiple being obscure.
His valuation would have taken a shark 20 years to get their money back.. based on current value. Everything a company does in the future is pure speculation, they value a company on what its doing now to get an idea of when they will at least sea their investment back, if projected sales does not manifest as expected. Any investor sees a term of 3 tot max 5 years as a reasonable term to earn their money back. Therefore his valuation was ridiculous. 150000 against 40-50% was the better deal
imagine @06:19 if Narrator say this instead: "The sharks are interested in the business, but they hit a wall in the negotiation, because he is a Pig."
@dickmanly wrong.. investing is based of facts by knowing the profit..returns..and the value of company. Gambling means your guessing which means you have no clue. Numbers always have probability so if your dumb to a probability then your gambling but if your smart then your knowing. If Read robert kiyosaki books you'll know
Damien got it spot on; how does anyone know that`s his brand ? Louis Vuitton has a distinctive look and this guy just makes regular belt buckles that a big designer can copy in a second. This guy thinks he is unique but in reality, it is so easy to reproduce those because there is nothing unique. Ed Hardy is unique because nobody makes those designs, but this guy is nothing. He is a dud and anyone who pays $100 for a no-name belt is crazy.
Oh my GOD!!!! MY ROOMATE HAS A STORE AND HE FINDS BETTER BELT BUCKLERS..... WHOLESALE FOR $2.50 AND THE LEATHER BELTS FOR $2.50 !!!! AND IF SOMEBODY IS MAKING PROFIT SALLING THEIR OWN DESING BELT BUCKLES!!!! THIS PEOPLE WILL COME DUPLICATE THE BELTS AND BELT BUCKLERS AND WHOLESALE THEM FOR NEXT TO NOTHING !!! I AM GLAD THE SHARKS DID NOT MAKE A THE DEAL !!!!!
the sharks always make this mistake - they value the company wrong. if they asking to give 500K for 50% that's not saying the company is valued at 1m$ because they will have 50% from the company with the 500K and not 50% from the company without the money.
it's ridiculous that Kevin said I've got to own 112% for 500K from a company that will have 500K+the company itself.
the guy don't sell them percents and taking the money to his pocket, he's going to put the money into the company.
Comment removed
AndyinMTL 1 month ago
no one is good at math here. if he sells 450k and the belts range from 45 to 100, he doesnt sell a single 100 dollar belt. No one asks that but mention a basic 4X multiple being obscure.
anayar1234 3 months ago
@anayar1234 they are rounded numbers
TheWillyangus 4 weeks ago
their site is close!
thats bs!
AndyinMTL 3 months ago
Who's like to see those girl just wearing just the belts?
Charlesperalo 4 months ago 5
It's nice to see you upload a video where everyone isn't constantly having an epileptic seizure.
watchout8433 4 months ago
His valuation would have taken a shark 20 years to get their money back.. based on current value. Everything a company does in the future is pure speculation, they value a company on what its doing now to get an idea of when they will at least sea their investment back, if projected sales does not manifest as expected. Any investor sees a term of 3 tot max 5 years as a reasonable term to earn their money back. Therefore his valuation was ridiculous. 150000 against 40-50% was the better deal
mmeischa1 4 months ago
imagine @06:19 if Narrator say this instead: "The sharks are interested in the business, but they hit a wall in the negotiation, because he is a Pig."
RaymondXI 6 months ago 5
these sharks are thieves...
Demboledemi 6 months ago
brunette = hotter than blonde... but not by that much
MySirDave 6 months ago
@MySirDave yeah ur right bro! the brunette is stunning!
AndyinMTL 3 months ago
you will be lay sparkling with the belt on the pavement hahhaha
berlin45ers 7 months ago
O and every single belt is on sale its half price.
theyear2102 7 months ago
If he has sold in 12 countries why does his website look like shit?
theyear2102 7 months ago 3
@theyear2102 BINGO!
Ragtubecom 6 months ago
Investing is gambling.
dickmanly 8 months ago
@dickmanly wrong.. investing is based of facts by knowing the profit..returns..and the value of company. Gambling means your guessing which means you have no clue. Numbers always have probability so if your dumb to a probability then your gambling but if your smart then your knowing. If Read robert kiyosaki books you'll know
TheSchola3000 7 months ago
mark cuban and kevin harrington and mark cuban are the only non-douchey ones on the show, but mark cuban is a dick.
Noobssuckass300 9 months ago
wonder how many people get turned down by the sharks,but still go on to success?
RADIO1990 9 months ago
Wet my beak?
Skeeter62889 10 months ago
chicken nugget
Skeeter62889 10 months ago
Damien got it spot on; how does anyone know that`s his brand ? Louis Vuitton has a distinctive look and this guy just makes regular belt buckles that a big designer can copy in a second. This guy thinks he is unique but in reality, it is so easy to reproduce those because there is nothing unique. Ed Hardy is unique because nobody makes those designs, but this guy is nothing. He is a dud and anyone who pays $100 for a no-name belt is crazy.
ItalianRacer7 10 months ago
@ItalianRacer7
Amen to that!
frequentairbusflyer8 7 months ago
definately a pig.
lightupthesky1211 11 months ago
Kevin's the best
mrfrostynova 1 year ago
Oh my GOD!!!! MY ROOMATE HAS A STORE AND HE FINDS BETTER BELT BUCKLERS..... WHOLESALE FOR $2.50 AND THE LEATHER BELTS FOR $2.50 !!!! AND IF SOMEBODY IS MAKING PROFIT SALLING THEIR OWN DESING BELT BUCKLES!!!! THIS PEOPLE WILL COME DUPLICATE THE BELTS AND BELT BUCKLERS AND WHOLESALE THEM FOR NEXT TO NOTHING !!! I AM GLAD THE SHARKS DID NOT MAKE A THE DEAL !!!!!
JUANCHOBORI 1 year ago
I looked Washed Up Hollywood up after this. I really like their stuff ♥
Beloved1xXxX 1 year ago
lying pig rofl!
eafanboyssuck 1 year ago 15
@eafanboyssuck
but a talented lying pig
MrAntdaddy25 8 months ago
the sharks always make this mistake - they value the company wrong. if they asking to give 500K for 50% that's not saying the company is valued at 1m$ because they will have 50% from the company with the 500K and not 50% from the company without the money.
it's ridiculous that Kevin said I've got to own 112% for 500K from a company that will have 500K+the company itself.
the guy don't sell them percents and taking the money to his pocket, he's going to put the money into the company.
shirhh 1 year ago
Comment removed
toby1128 1 year ago
Comment removed
toby1128 1 year ago
wet my beak with LOL
arjun474 1 year ago
i hate that bald bastard that keeps calling him a pig
millsathn 1 year ago
The blonde is very hot
TheROCKandOrROLL 1 year ago
Thank you. Please upload more shark tank when you can! :)
medaa25 2 years ago 37