Shark Tank Season 1 Finale (Episode 10) Part 6 of 6

[popper504]

he kind of looks like pee herman

[demonhybrid13]

They think they did very good right now just because they hot more money. Bit at first they were butthurt about even giving them 50 percent. Nice change of tone. :P

[xKurogashi]

Wow, very good episode. Great negotiation skill, and I think they got a great deal. With each every dollar provides them more liquidity - allowing them to further leverage and expand their business. Good stuff.

[Metalshop242]

2 of these guys are canadians

[Chanelleml]

I like that some of you think you're smarter than this guys and have 0 experience in the business. ~ says the girl who still in university shhh i know

[affiliatexx]

@Chanelleml well for one degree's dont mean jackshit in business, Does your business teacher make xx mill a year? probably not, so what value can they teach you other then what some random joe blow wrote in a book? Nothing, they teach you how to work for the man and run a small time business, you only learn by doing it not just reading and hearing some guy who makes 60k a year chirp about it

[Chanelleml]

@affiliatexx .. I dont think u understood what I meant by my comment. For one, Im not in business, Im in actuary and that has nothing to do with what I said. Im just sayin that a lot of poeple here r saying that those guys r dumb when they obviously have a very successful business and knows there shit. Im not saying that "I" know better hell no, I just know enough to laugh at poeple thinking they know better. ~ Hopes that makes sense. Im french btw hard to expres my thought sometime

[Darth5Steel]

The guy on the right is Superman.

[akkifans]

@Darth5Steel

and the guy on the left is Batman

[Darth5Steel]

@akkifans Damn right.

[ChaoHX]

"WE" did pretty good. Credit to Brian. Awesome brains and experience in business + negotiating.

[UkrGaz]

if they wanted 150k for 10%, then 600k should be for 40%. But somebody has to benefit from this. Guys benefit from it with more cash, entrepreneurs benefit from this with higher percentage.

[sehoujay]

You came in looking for 150k @ 10% and walked out with 600k @ 50%. I think you did very bad, very very bad!

[96JUSTIN]

300k for 25%? lol or 750k for 50? wouldnt it be 600k for 50%?

[ManDime91]

@96JUSTIN Anyone who understands business knows that an even incremental increase in % wont be an even incremental increase in $.

[Sunkan86]

@96JUSTIN Lol! They obviously wanted the sharks to pay more to have more power within the company, and that power comes with at a steeper price ;-)

[raist173]

just so that everyone who says "did pretty good" was a mistake on their part knows... if you check recent dictionaries they have changed the grammatical rule to include the word good because the use of language has changed... as it always does over time.

[Sucker4Jessica]

They are smart! That's exactly what I would have said! They aren't stupid to give up management by relinquishing 50%

[guanzzou]

Proffessional hustlers

[poutintsev]

Those guys were so scary especially the one with the glasses. IQ must be 150 or something liek that.

[ekscholl]

WTF did they just buy for $600k?! I honestly don't see a tangible product here...

[upinflamezzz]

$600,000 should buy them some grammer lessons. It's pretty well, not good.

[teamcorporate24]

@upinflamezzz And perhaps it'd be enough to buy you some spelling lessons. It's spelled "grammar."

[WafflesHouse813]

Rofl, 3 degrees between the two of them, yet they " did pretty 'good' " xD

[Wafflesaurus]

@WafflesHouse813

Wafflespower!

[mchero88c]

the guy on the right seemed cool i wish he got to talk more... the guy on the left doing all the talking seemed like a total douchebag asshole ...i wouldn't want to be in business with him or even have a conversation with him

[mplays]

One of the best negotiations on the show.

[DarkReapersGrim]

"We went in asking for $150,000, we came out with $100,000-I'd say we did pretty good." Yea, but you went in willing to give out 10% of your business and ended up having to be equal partners with these two sharks by giving out half of your company. These guys needed $150,000 for 10%, I wouldn't have budged from that number.

[ef4doorvtec]

never sell my 50%. scripted

[ef4doorvtec]

never sell my 50%

[Roguelfy]

they never ask what the money is for. watch the british dragons den for how to invest.

these sharks are just bad.

[huyiy]

brian.. i made a business from ZERO to 50 to 100 million in 5 years.. BRIAN: oh shit.. DONE!

[BigNacho]

The fake tan on the guy with the glasses in unbearable.

[aaa567ify]

I think the people running their own business coming into Shark Tank T.V. episode should just stick to their own game plan. It's pretty much about money (obviously and finance structure) the issue seems to be control %. A broken record to me. They say I'm out 9 times out of ten. One episode they were going to fire the man after he accepted the offer, that is if he chose to do so. 100% control. He walked away.

[ministertamar]

@aaa567ify i wouldve fired the guy also. he had an awesome product (edible cleaning solution) but didnt know how to market or make sound biz deals. He shouldve sold his company and went to the beach while those annual checks came in....like they told him. I wouldve done it. Im an inventor of things but i have no business sense at all.

[aaa567ify]

@ministertamar Thanks for the reply. I haven't seen the show in awhile until the other day. As much as I have seen it, the man on the right seems to be the best salesman, or making more friendly connections with the business inventors coming into the episodes. The episode you are replying to, that guy was a horrible communicator. He was like a deer stuck starring into headlights with each question. He will continue to make mistakes or get lucky.

[blognewb]

They ACTUALLY think that business is worth 1.2 MILLION$?!?! Yikes. They charge 5K per college. They would actually NEED to AT LEAST have 240 colleges sign up.

[Zakerneif]

@blognewb

and theres over 10 thousand colleges on the east coast alone

[Cannibalzz]

did this company do well after the show?

[stealthwolf1]

This is the most educated youtube crowd ive ever seen

[blognewb]

@stealthwolf1 600K in exchange for 50% equity is nothing different from their initial offer. They would not need that much overhead for the online business.

[stealthwolf1]

@blognewb Interesting... Why did you post that as a reply to my comment?

[blognewb]

@stealthwolf1 did i? excuse me

[EvolutionXEngine]

Man... i would cut my left ball for 600K... <----- Careful what you wish for... Huh? KICK IN THE NUTS *By you girl friend telling you to wash the F*&%en Dishes*

- Cutting your left ball? $600,000

-Black Guy: "You people are to smart for me...its complicated.. im out" PRICELESS

[evilsandwich2]

i'm sorry, but why did these geniuses need a calculator to figure out that 50% divided in half, is 25% ?

[satinsolstice]

@evilsandwich2 i highly doubt that's what they're calculating, lol. i think he had some formula to figure out that for $300K, he could offer 25% stake.

[Chanelleml]

@evilsandwich2 cause that's not the way to calculate it. he check what 300000 was worth when robert (i think thats his name) only wanted 50% but it had nothing to do with the cash he offered. the fact that it was half is just a coincidence (that makes him look dumb i know ahah)

[moh12345bso67]

@evilsandwich2 hes overwhelmed

[Gazooo29]

These guys were just greedy you have a offer for $600k and you still act like you company is worth more then $600k wow

[wirednotice]

@Gazooo29 are you seriously a dumbass? they know this market and their FUTURE return will far exceed the 600K they are getting now and that's why they don't want to give away such a huge portion of their business.

they know their company isnt worth 600K now you idiot. i cant believe i had to rage and explain that to you

[Gazooo29]

@wirednotice Fuck off asshole,you said it yourself FUTURE 10-15 years, this business could go bankrupt in 1 year but they had the chance at 600k cash and said no!!!. There's greedy and stupid by my guess your with the stupid crowd as you think the deal was cheap.

unless your Donald trump, don't bother thinking your an expert at business

[wirednotice]

@Gazooo29 How are they being greedy when they would rather take LESS cash for LESS equity? Did you not hear Brian say, "You would not entertain a lower number for the exact same evaluation?" They realize that their company will grow bigger in the future. Kevin and Robert knew that their business plan has a very good potential to be a huge success. And by the way, I am Donald Trump compared to your uneducated dumbass.

[michelo91]

im sure that the guy with the red tie if he were alone he had accepted the first offer he was impressed with all that money!

[s2t0r09]

They might have their fancy PHD's, but apparently "We did good.....I think we did really good" passes for good engrish.

[Pheen27]

@s2t0r09 I'm an idiot and I thought the very same thing when I heard that haha

[xpandergt]

With some entrepreneurs should do is offer at a max 49% with an OPTION to buy the 2% controlling interest at either a future date or upon certain financial sales goals being met.

[littleripper333]

man they are good negotiators they got 600 000 out of them good job.

[twadsy]

For once in my life i feel sorry for the dragons. 600k down the drain.  C'mon kevin, you're from bloody Ivey.

[vwslaw]

I still like the British and Canadian versions for Dragon's Den.

And the original Japanese version of this show.

[shayorshayorshayor]

look robert let out his power when he did the stare talk at 1:40 - 1:51 and also at 2:10 ...and all of sudden DONE!

[kevn101]

i wonder if this ended up being successful... It would be a real big shame if they didn't make it far... But you have to remember they get two really big business guys to make this a huge business and those 2 guys are extremely well educated

Anyone know what happened after the deal????

[daveygravey123456]

@kevn101 its failed

[kevn101]

@daveygravey123456 Yeah i didn't think it was going to get far.. it just didn't seem like a multimillion dollar business

[aas8]

@daveygravey123456 really? they now have 60 schools, some big one's too like Michigan State -- Im thinking this company is doing well --

[aas8]

@kevn101 Well not sure if the Shark's made the deal during due diligence, but if you go to their website, they now have 60 schools which is double what they had on the show and a more streamlined compliance management team -- not to mention a patent on the mobile app for compliance, which eliminates much of the potential competition -- im sure also besides the shark's they have been able to get funding from venture capitalists by now as well.

[dboyd1089]

hahahaha this guys got balls to battle with two of the best dragons. yes i said dragons because they are on the dragons den which is 1000x better than sharks tank.

[GreenFenril]

Score one for the Canadian Dragons!

Yes it's hard to sell 1/2 your company, but ffs you have an investment guru and a technology titan (Kevin and Robert respectively) in this deal. This will go very far

[antzinn79]

the dude with the red tie looks like got the superman clothes underneath, ha ha ha !!

[mowii702]

@antzinn79 hahahaha u right



[Omerat1485]

I'm liking the fanfare/accomplishment theme song at 2:25 - very appropriate

[InfernalHawkPSN]

Don't even think about it, TAKE THE OFFER !!!!

[diochris31]

bravo

[thatPUNKdude]

yeah! robert and kevin...representing Canada :D

[TheBlueRose2008]

@thatPUNKdude Yayyyy! :D

[Rikashk]

kevin is fucking halarioussss

[shirhh]

watch episode 2 that not on youtube: megavideo com /?v=4MJVOGQ9

[Bombur86]

I am sure they could have gotten to 750.

[TheHockeyCentral]

@Bombur86 I agree. I mean Robert was drooling for these guys. He immediately saw what a cash cow this could be.

[leviterande]

damn... what is the music at the end

[JackMacyntire]

Best show on Earth.

[millsathn]

they will be whiping their ass with 50's soon

[ibreakkidslegs]

great episode!!!

[Weeble989]

this show is tight

[Hkhan23]

they are 600 thousand dollars richer and we are stuck here commenting about it

[StickyickyX]

@Hkhan23 Dumbass, these deals have to go through extensive due diligence. And it never happened, just like all the other supposed funded deals. Check their website or the website of any other company that was on this show. None of these Sharks are ever listed on the board or management team.

[Hkhan23]

@StickyickyX if you have the time to go and check out to see if they are listed on the websites then you are the fucking dumbass with too much time on your hands.. dumbass

[StickyickyX]

@Hkhan23 It takes a minute at the max. Obviously it takes you twenty times longer but you did ride the short yellow bus to school so I understand.

[applesauceman]

@Hkhan23 [ ] they are $600,000 richer

[ ] you have a clue

[abhinavc]

Amazing.. With each new "increased" offer, the sharks were actually reducing the pre-money valuation of the company.

The guys realized that. But I guess, the shark's experience / acumen has a value of its own and the guys were smart enough to see it in the end.

[TheROCKandOrROLL]

@abhinavc

Four intelligent people running the company should definately make it a success.

[ccrazy100]

Hey one of these guys is in my class - didn't know he was on Shark Tank until now! Good for him!! What a smart guy!

[IuseAudi]

I had this same damn idea 5 years ago. This is bullshit. These guys are con artists, this idea isn't that good anyways because pro teams have their own scouts that are better than some myspace for hi school fag athletes.

[StickyickyX]

@IuseAudi This idea is old and played out. Been tried since late 1990s via internet.

[shquib]

amazing.

[LucasCAPS]

They (at least he) INSIST on a 1.5 million self-evaluation, that's so brave! On the other hand, refusing an offer for 50% that evaluates the business at 1.2 million dollars would be retarded.

[KamikazeKoscki]

Next Billionaires! NFL is big business, maybe we will see more talent on the football field.

[chillcycle]

this was a sick episode and the music helped XD

[chadastanley]

They are so entrepreneurs =) I love their attitudes Both team of people.

[50kT]

yea i wanna become like those two entrepreneurs.. you can tell they want it cuz they are putting so much effort into everything

[ir2mean]

Damn the two Canadians are aggressive

[erikdraven1731]

If you think that was aggressive, you should see how they do in on the Canadian version!

[ir2mean]

Oh I watch it every week :) I prefer it to shark tank

[50kT]

whats the canadian version i wanna see

[erikdraven1731]

look up Dragon's den CBC... there's a collection of clips on here.

[ScarbzDynasty]

I thought this was the Canadian version? is it dragons den?

[erikdraven1731]

yes

[GoldenSenshiGalaxia]

@ScarbzDynasty No, this is the American version called Shark Tank, and the Canadian version is called Dragons Den, and much more interesting.

[ihpb09]

@GoldenSenshiGalaxia there is no canadian version. dragon's den is british

[TheBlueRose2008]

@ihpb09

Come visit my channel then and meet the Canadian Dragons (no I am not spamming)

[vwslaw]

@ihpb09 There are both British and Canadian versions of Dragon's Den. Then US changed and called it Shark Tank. Actually, this show was originally started out from Japan.

[ihpb09]

@erikdraven1731 there is no canadian version. dragon's den is british

[erikdraven1731]

@ihpb09 Then what have I been watching for the last five seasons.

[TheBlueRose2008]

@erikdraven1731

Hahahaha :D

[GoldenSenshiGalaxia]

@ihpb09 Yes there is. It's produced by CBC, and its called dragons den, and features Kevin O'Leary, Robert Herjavec, Arlene Dickenson, Brett Wilson, and Kim Treliving. Go google it.