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Wee Tinkle Wand posted:I think it turned out that the reason he couldn't license it was he didn't really own the patent and bought the right to use it off someone else. They asked the Zipz guy this exact question and yeah, it turns out that the patent on the single serve wine glass belongs to some dude in France.
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Jan 22, 2015 20:49
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https://www.youtube.com/watch?v=nn8NNSxwFog Pitch is a dating site that is spending exactly as much money as its making, because they're buying users. They made 1M and spent 1M, and are on track to make 10M and spend 10M. (While paying themselves 6-figure salaries) Mark Cuban says "I'm out" in the opening pitch because they won't even tell him how many users they have, on principle. Later in the pitch he asks them "Would you sell the entire company for 30M?", which I figure is just him testing the waters to see what they think the company is worth, but the show announcer treats it as a serious offer. They turn down 30M and walk. 
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Jan 22, 2015 22:01
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Zaphod42 posted:https://www.youtube.com/watch?v=nn8NNSxwFog Dating service? How about a "travel companion" matching site that she absolutely refuses to allow ACTION on because she doesn't understand why singles would want action on a vacation.
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Jan 23, 2015 01:47
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Luigi Thirty posted:Dating service? How about a "travel companion" matching site that she absolutely refuses to allow ACTION on because she doesn't understand why singles would want action on a vacation. She seemed really offended/dismissive of it too, by the end she had this incredibly irritating smug expression, like she knew positively that nobody would ever want ACTION.
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Jan 23, 2015 03:29
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Luigi Thirty posted:Dating service? How about a "travel companion" matching site that she absolutely refuses to allow ACTION on because she doesn't understand why singles would want action on a vacation. How do you make $10k after 2 years and after spending $250k and not realize, whoops, my business sucks?
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Jan 23, 2015 03:41
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Invisible Ted posted:She seemed really offended/dismissive of it too, by the end she had this incredibly irritating smug expression, like she knew positively that nobody would ever want ACTION. I assumed she was a conservative who refused to acknowledge that that's what people who do online dating are after.
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Jan 23, 2015 04:30
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https://www.youtube.com/watch?v=adheFzshSEs @25:00 This one's pretty awful. They invest 250K and they only have 4K in sales. 250K of their own money, and how did they get it? Credit, with their house as collateral.  GrandpaPants posted:How do you make $10k after 2 years and after spending $250k and not realize, whoops, my business sucks? "That's a heck of an investment"  Wow. She's an accountant 
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Jan 23, 2015 04:54
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Zaphod42 posted:https://www.youtube.com/watch?v=nn8NNSxwFog Two graduates from Business School at top universities and they can't see why spending what you make is crazy.
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Jan 23, 2015 16:59
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Nativity In Black posted:Two graduates from Business School at top universities and they can't see why spending what you make is crazy. Well they're giving themselves 6 figure salaries each, so... Although I suspect from their response to Cuban that they were just gold digging.
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Jan 23, 2015 21:22
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This dude asked for a $15 million valuation for his...I don't even know what the hell it was. Some sort of manual monorail exercise bike thing.
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Jan 25, 2015 22:13
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http://youtu.be/fLPBDk9K0hA?t=28m7s Dude tries selling socks with a spare. "You cannot patent a package with three socks."
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Jan 26, 2015 02:24
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Schizophrenic Orb posted:http://youtu.be/fLPBDk9K0hA?t=28m7s Is it possible for someone to have a soul patch and not look like a douchebag?
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Jan 26, 2015 03:16
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Schizophrenic Orb posted:http://youtu.be/fLPBDk9K0hA?t=28m7s Well, at least it was a swift execution. Also wow, the sharks are at each other's throats in this episode. They really warmed up to each other as the years rolled on.
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Jan 26, 2015 03:39
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http://youtu.be/I5T5hbxQRKU?t=20m Some doctors try pitching a social media app with no real business plan at all. How do you attract doctors? How does it make money? Because... social media! With doctors! Mark Cuban is kinda a dick to them in this one, but they also have it coming.
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Jan 26, 2015 08:18
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Zaphod42 posted:http://youtu.be/I5T5hbxQRKU?t=20m i thought it was reasonable they're trying to bring social media to medicine, was that not obvious e: take a drink everytime kevin says in any episode "make me money" and die an early death, god drat man shut up Cake Attack has a new favorite as of 08:46 on Jan 26, 2015 |
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Jan 26, 2015 08:42
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Cake Attack posted:i thought it was reasonable Yeah, if I ever invented a thing and went on that show, I'd just straight up say from the beginning - yo, I'll work with anyone but Kevin. I don't even want to hear his offers because they're utterly worthless each time and he's obsessed with taking a percentage of sold units into perpetuity. Which is pretty awful for 90% of the people he offers it to.
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Jan 26, 2015 11:18
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nucleicmaxid posted:Yeah, if I ever invented a thing and went on that show, I'd just straight up say from the beginning - yo, I'll work with anyone but Kevin. I don't even want to hear his offers because they're utterly worthless each time and he's obsessed with taking a percentage of sold units into perpetuity. Which is pretty awful for 90% of the people he offers it to. There's been some pretty horrible deals made without Kevin's influence (the Hill Billy one seemed pretty lovely to me), but yeah, overall, he's the biggest dickhead about it. Also, I couldn't possibly give less of a gently caress about business and finance, and, really, I can't believe how addicting this show is for precisely that reason. Maybe because it's ~actual omg reality~ and doesn't look nearly as scripted as everything else on TV does (since it seems like it's real money and real arguments). I've been surfing around, but does anyone have some suggestions for the best fights between the Sharks/Dragons themselves? I'm new to this, ferreting them out could take a while. Old Boot has a new favorite as of 13:36 on Jan 26, 2015 |
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Jan 26, 2015 13:31
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Schizophrenic Orb posted:http://youtu.be/fLPBDk9K0hA?t=28m7s Wow, this might be the quickest to lose all 5 sharks I've ever seen. Anything faster than that? Also, I love when people go on with a lovely product, then halfway through the sharks questions they do a 180 to try and "sell the brand" which is equally lovely. Bonus points if they are a company trying to sell the brand but will only let the sharks in on the product they're pitching, not the various other products and projects they are working on, so they'll be using the sharks time, money, and resources for stuff the sharks will never get a return on.
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Jan 26, 2015 18:42
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MissileWaster posted:Wow, this might be the quickest to lose all 5 sharks I've ever seen. Anything faster than that? Thing is, it could be a pretty funny gag gift. If he'd just run with that suggestion he probably coulda got a shark interested.
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Jan 26, 2015 18:46
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Old Boot posted:There's been some pretty horrible deals made without Kevin's influence (the Hill Billy one seemed pretty lovely to me), but yeah, overall, he's the biggest dickhead about it. It was posted on the first page but out of all the shark tank fights that I've seen Lumio is just the best due to the quality of the offers and just how courteous, intelligent, and flat out likeable the guy who owns the company is.
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Jan 26, 2015 18:55
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Tunicate posted:Thing is, it could be a pretty funny gag gift. If he'd just run with that suggestion he probably coulda got a shark interested. I don't think the sharks would get into the gag gift business unless there were proven sales. Like they said, it's not really a sustainable market. Then again, I don't think the guy thought it was a gag gift and thought he was solving a major problem.
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Jan 26, 2015 19:00
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Another classic from American Inventor, a clever guy who invented the wheel. https://www.youtube.com/watch?v=KhPmsIsQ-JE He's also extremely crazy.
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Jan 26, 2015 19:27
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Boxman posted:Another classic from American Inventor, a clever guy who invented the wheel. I'm sorry, did he refer to himself as "Dusty Rhodes"? Like the wrestler? Edit: Did this get posted? The video title is a bit of an exaggeration, but it's an extremely dull presentation for vague LED traffic lights. https://www.youtube.com/watch?v=vKFJ_AI3PWA Ok nevermind I'm listening to more if it and it really is terrible Edit2: Okay THIS is the worst one I've seen yet. Holiday movie script  https://www.youtube.com/watch?v=WxRiTHEqkm4 FutonForensic has a new favorite as of 20:11 on Jan 26, 2015 |
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Jan 26, 2015 19:41
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FutonForensic posted:I'm sorry, did he refer to himself as "Dusty Rhodes"? Like the wrestler? The idea isn't that bad but the execution and design is terrible. We have flashing lights on easily missed signs here in the US and it seems to work out just fine.
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Jan 26, 2015 20:11
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Boxman posted:Another classic from American Inventor, a clever guy who invented the wheel. Is that Gary Busey? Here's another American Inventor crackpot. Dude puts a Faraday cage on his head and thinks it cures Alzheimer's. https://www.youtube.com/watch?v=kkDAEa6AQck Actually it doesn't even work as a proper Faraday cage because he only covers the top or sides of his head, not his whole body. The sunglasses and the gas mask are probably the best part. He seems to think inhaling copper is the answer, rather than blocking radio signals. FutonForensic posted:I'm sorry, did he refer to himself as "Dusty Rhodes"? Like the wrestler? Yeah I think it was posted on the first page, but its a classic. Just a terrible presentation. (And the business doesn't really add up either) You gotta love these 'inventors' who spend tons of money on off-the-shelf parts. This is just an LED strip. That's all. And it cost him 24,000 pounds. Hahaha that "holiday script" is a good one too. He can barely finish saying "Christmas Deliverance" before the Dragons start singing "Dueling Banjos". Plus he's got a script, what does he want to do with it? Sell it to Pixar? No, he wants to start his own animation studio, just to produce his script. I mean its not like an animation studio is a big deal, right?
Zaphod42 has a new favorite as of 20:51 on Jan 26, 2015 |
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Jan 26, 2015 20:24
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FutonForensic posted:
His pitch may be bad and his idea stupid, but I would pay good money for a recording of his voice to put me to sleep. Perfect mellow monotone.
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Jan 27, 2015 04:37
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I mentioned to my friend that I recently became obsessed with these shows. He tells me that his friend was on it. This dude hustles the gently caress out of the sharks, and plays the game so well. It's beautiful to watch. I want to say he even got the best of Kevin, by only parting with 17.5% of his company to Kevin himself. And having Daymond there to keep Kevin on a leash it's like the benefits of Kevin's sliminess without letting him have enough control to gently caress you. https://m.youtube.com/watch?v=ZfA3isx8dR4
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Jan 27, 2015 05:54
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http://youtu.be/8BLyW8WjsHk?t=31m20s Couple selling a business where they fill out legal forms in a coffee shop. The woman looks about ready to come to blows with the sharks. Episode also features an ice cream man looking to franchise his business which is barely making enough to live on as it is.
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Jan 28, 2015 04:15
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https://www.youtube.com/watch?v=axtiNxBA-cI&t=26m53s Guy tries to pitch a $3M valuation for a pan specially shaped to cook ramen noodles in your microwave. That's all it does, cook ramen noodles. And he doesn't sell ramen or anything, just a ramen shaped pan. Schizophrenic Orb posted:http://youtu.be/8BLyW8WjsHk?t=31m20s This is great. The guy gets a law degree and passes the bar, and then... just decides lawyering is too hard and goes into the coffee business. Also their pitch is super awkward. She pushes him, they have no pacing, and he flubs his lines.
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Jan 28, 2015 21:11
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Jeez, never leave the room because then the Sharks start conspiring against you. Never seen that on Dragon's Den, they seem to happily wait while the pitcher makes a phone call.
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Jan 28, 2015 21:29
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Zaphod42 posted:https://www.youtube.com/watch?v=axtiNxBA-cI&t=26m53s I actually got gifted one of these for christmas last year and It works pretty well. But he's absolutely insane for going for a 3M valuation. In fact most of the people pitching to sharks would probably do a lot better by reducing the hell out of their valuations.
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Jan 28, 2015 22:59
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OneDeadman posted:I actually got gifted one of these for christmas last year and It works pretty well. Well, there's the rule that you have to get all the money you ask for. So if you want room to negotiate, you need to ask for the money you want, but lowball the percent of the company you're willing to sell. Resulting in a high valuation.
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Jan 29, 2015 00:15
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Yeah its kind of a weird design thing since it encourages people to lowball percentages. Like one time a guy got a deal for 5% and afterwards said he was expecting to be haggled to 30 or 40
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Jan 29, 2015 00:29
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Wee Tinkle Wand posted:Jeez, never leave the room because then the Sharks start conspiring against you. Never seen that on Dragon's Den, they seem to happily wait while the pitcher makes a phone call.
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Jan 29, 2015 00:30
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Collateral Damage posted:Some times the dragons mock each others' offers while the pitcher is out of the room though, which is pretty funny. Yeah but it also means they can talk each other out of it. I know I've seen at least once after the person went to go talk on the phone, when they came back the Shark was like "well, you gave me time to think about it, and I don't want this deal anymore" Here's a good one: https://www.youtube.com/watch?v=-AfeqPc4uf4&t=13m48s Couple pitches their marital aid. Its called the 'elephant in the room' and its... a stuffed animal in a plastic box that costs $60. The sharks all crack up when they hear the cost and point out that you can get stuffed elephants for $3. They put in $100,000 of their friends' money. Kevin points out "they won't be friends for long!" 
Zaphod42 has a new favorite as of 04:51 on Jan 29, 2015 |
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Jan 29, 2015 00:48
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Can someone explain to me the subtleties between equity vs. royalty? I'm guessing by the mere fact that Kevin keeps asking for royalties that it is the worse deal of the two. Also, I don't think I've ever seen any of these "update" segments with Kevin as the shark. He basically seems like a really shady bank on the show since he seems to have no interest in helping the actual business besides maximizing its profits.
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Jan 29, 2015 05:00
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GrandpaPants posted:Can someone explain to me the subtleties between equity vs. royalty? I'm guessing by the mere fact that Kevin keeps asking for royalties that it is the worse deal of the two. Also, I don't think I've ever seen any of these "update" segments with Kevin as the shark. He basically seems like a really shady bank on the show since he seems to have no interest in helping the actual business besides maximizing its profits. I'm not a business/finance anything, and I probably only know this from watching Dragons' Den, but equity is when you literally buy a part of the company. That means you have a say in the operations and, say if the company is later sold off, you get a share of what it's sold for. You're a partner in the company, basically. If the equity is for more than 50%, then you're a majority shareholder, which means you technically control the company. The sharks/dragons like doing this if they like a product/company, but don't trust the entrepreneur to not gently caress everything up. Royalty doesn't give you any share of the company. You're just getting some amount of money for every product sold. So say you make a deal with some guy selling a gadget, and you say you want a royalty of $1, you are literally getting $1 out of the revenue of each gadget that's been sold. This can either be done over a set period of time, or in perpetuity (forever). So yeah, it makes sense that Kevin tends to prefer royalty deals. It doesn't really involve so much interaction/work with the entrepreneur, and he has a better shot at getting his money back/making more money.
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Jan 29, 2015 06:03
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Oh my god the first episode of Shark Tank. Guy trying to implant a Bluetooth into people's ears and charge it by sticking a wire in there. Another guy that is selling an ipad station for doctors offices who mortgaged his house twice and used his kids college funds. Mark pulls out a cell phone to clown him. Couple great train wrecks here.
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Jan 29, 2015 06:37
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Zaphod42 posted:
Hahaha, "Are you too passive aggressive to even come up with your own way to be passive aggressive? We'll sell you some passive aggressive for $60!"
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Jan 29, 2015 15:22
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Murphys Law posted:Hahaha, "Are you too passive aggressive to even come up with your own way to be passive aggressive? We'll sell you some passive aggressive for $60!" I liked "we know people and we know relationships!" They got married 6 weeks after their first blind date and apparently quibble so often they need an elephant to air their disagreements. Yep, totally trusting them. Also $22 just to manufacture one, and mostly because of cost of the box? You could go to the dollar store, buy a bunch of elephants, buy a bunch of some other product that comes in a plastic box, repackage, and still come out cheaper. My mind's blown at that one; good find, Zaphod! Fake edit: at 29:00, you get to watch 2 "mini sharks" make a deal with Kevin. I feel greasy now.
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Jan 29, 2015 16:22
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