Shark tank is back!

[Pinnacle]

There are fastlane lessons all over this show! Turn your ears on and get ready to execute! :groove:

 

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[Shuffle]

FINALLY...I couldn't wait so I decided to watch Dragons Den from the UK and Canada is up next.

 

[Likwid24]

That's funny. I was just about to start this thread. Lol

 

[piotrkrzyzek]

I've never seen the show but I've seen small snippets, is it really worth while or is it just an overhyped reality BS show?

 

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[Vigilante]

Thanks for the reminder. Just set the TIVO.

 

[lawdog12355]

Love this show!

 

[Autonomust]

Finally its back! This is one of those shows that gets my brain going and yes piotrkrzyzek this show is worthwhile and you may learn a few things from it.

 

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[Shuffle]

I've never seen the show but I've seen small snippets, is it really worth while or is it just an overhyped reality BS show?

When I wanna watch something, I watch this series instead of movies because of what I may learn. I think it's definitely worth watching as the importance of what we're trying to accomplish comes out from time to time. Definitely worth watching for Kevin O'Leary! Make money your army!

 

[BeachBoy]

Kevin O'Leary rules.

he's arrogant, but he tells the truth how it is.. harsh
I watch both dragon's den from canada and shark tank.

I would not submit my projects because they take way too much equity unless you already have tons of sales, but it's good business lessons.

 

[Likwid24]

The first guy that went last night with the water bottles had one of those ideas where you say "Damn! Why didn't i think of that!". Playing sports my whole life, one thing that always frustrated me was trying to clean out my water bottle, especially if I had a protein drink in it.

What a Great idea and what a great decision by choosing Cuban. And for only 8% stake in the Company. He's well on his way to the fastlane.

 

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[Autonomust]

The first guy that went last night with the water bottles had one of those ideas where you say "Damn! Why didn't i think of that!". Playing sports my whole life, one thing that always frustrated me was trying to clean out my water bottle, especially if I had a protein drink in it.

What a Great idea and what a great decision by choosing Cuban. And for only 8% stake in the Company. He's well on his way to the fastlane.

Funny how most things are in front of our faces and we don't realize it until somebody else does it XD.

 

[dubaismartmoney]

Yes I love this show, I also follow dragons den , but the american its way better

just dont know about the scripted nature of this "reality shows"...

but anyway , a great show and i love the negotiations

 

[Robre]

Don't forget Dragon's Den. The original show that Shark Tank's own Robert and Kevin started in Canada.

 

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[Shuffle]

Don't forget Dragon's Den. The original show that Shark Tank's own Robert and Kevin started in Canada.

I believe it started in Japan. They had a show called "Money Tigers" that had I believe 16 investors at once :O It then branched off to the UK (which I think is more brutal) and then to Canada. Lots of respect for Robert and Kevin for the positions they are in. There's a lot more variations to the show but I can't seem to find the others such as Ireland's version.

 

[Pete799p]

I love this show. I wish there were more shows that you could actually learn some good info and lessons like this one. If so I would watch more tv.

I would like to eventually build a business specifically for that show just for the opportunity to work with these guys as I think the knowledge and conections would be priceless. Plus I think it would be a great experience.

 

[dubaismartmoney]

I love the VIP guy, that got all the "sharks" fighting for is idea...

the implementation of a celeb was also a great idea for the equation.

solid big ROI

like I read in some other post, indeed selling status is a biz that will never go out of style, and will always be a great investment when talking about the actual numbers

Gettin it fast laned, with an IT support its a great idea

 

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[Primzi]

And where could we watch this show in case we are not residents of the USA? I would like to see the previous seasons as well.

 

[Pete799p]

I think the ladies who had the funeral website took the deal to the wrong place. I think that biz would have been best marketed in Silicon valley. Their VCs are alot more understanding of websites that havent figured out their monetization strategy yet. They also are arguably the best at figuring how to monetize as well.

As far as the sharks go I think Robert would be one of the best to partner with. He routinely gives out the best deals and seems like he would be the best to work with. He also has a great success story.

 

[Runum]

And where could we watch this show in case we are not residents of the USA? I would like to see the previous seasons as well.

ABC.com - Shark Tank - Video

hulu has past seasons online.

 

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[Vigilante]

I think the ladies who had the funeral website had one of the lamest, unprotectable, unmonetized, copyable ideas on the episode. I have read business concepts on this forum that are 100x as scaleable, 100x as unique, and 100x as protectable as what those gals presented. They deserved to get laughed off the show. They only slipped past the screeners in order to create some drama so that the Shark Tank would have someone to embarrass for ratings.

The guy with the VIP club business was solid. His business is going to do well with these guys. Great concept.

The guy with the water bottle was a fool to take Mark Cuban at 8% vs. the other guy at 5% for the same $60k. I am glad that guy took his (lower) offer off the table before Cuban responded. In fact, I think the best offer there was $100k for .50 per bottle sold (just patent the idea and then raise the cost per unit by .50 = free $100k in capital).

The show was awesome, and a great mental break.

 

[Maestro]

Yes, it's a great show if you just want to kick back and still learn something.

Even the contestans who are up and running with the patents in place, but don't get a deal will get great exposure/advertisement.

 

[pro]

In fact, I think the best offer there was $100k for .50 per bottle sold (just patent the idea and then raise the cost per unit by .50 = free $100k in capital).

Disagree. He sold 750k units = $375k royalties just by replicating historical volume--not bad for a $60k investment.

Mark got a good deal.

He's not that smart for taking any cash at all. $60k is easy credit card/debt financing

 

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[458]

I think the ladies who had the funeral website had one of the lamest, unprotectable, unmonetized, copyable ideas on the episode. I have read business concepts on this forum that are 100x as scaleable, 100x as unique, and 100x as protectable as what those gals presented. They deserved to get laughed off the show. They only slipped past the screeners in order to create some drama so that the Shark Tank would have someone to embarrass for ratings.

The guy with the VIP club business was solid. His business is going to do well with these guys. Great concept.

The guy with the water bottle was a fool to take Mark Cuban at 8% vs. the other guy at 5% for the same $60k. I am glad that guy took his (lower) offer off the table before Cuban responded. In fact, I think the best offer there was $100k for .50 per bottle sold (just patent the idea and then raise the cost per unit by .50 = free $100k in capital).

The show was awesome, and a great mental break.

Exactly what i thought.... He should of taken the no equity deal, keep control and raise prices a bit.

 

[458]

Disagree. He sold 750k units = $375k royalties just by replicating historical volume--not bad for a $60k investment.

Mark got a good deal.

He's not that smart for taking any cash at all. $60k is easy credit card/debt financing

He could easily went down to 35 cents, he even asked him to negotiate with him.

He was selling his bottles for 5 dollars each.... That is selling himself short, with a solid marketing hook he could get 10-15 dollars easily.

 

[Pete799p]

He could easily went down to 35 cents, he even asked him to negotiate with him.

He was selling his bottles for 5 dollars each.... That is selling himself short, with a solid marketing hook he could get 10-15 dollars easily.

I think this would have been a solid move. I also think he was a fool for turning down Roberts deal. I know why he wanted to work with Cuban because of his sports team etc but I think Robert would have had plenty of connections to get the job done just as well if not better and for less equity.

In regards to the womens funneral idea I think the only route would have been to get an exclusive deal with the insurance company, lead generation model for funeral homes, or become your own funeral insurance company. If they had 70k or 700k users then they could have made a something happen. Like the sharks said they approached them too early.

 

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[Wuping]

So glad I discovered this thread! Here in Denmark (Europe) we've got nothing like that. Great great show, and it's funny to hear other very successful entrepreneurs talk about scale, leverage etc. One of the few shows, that's actually worth watching! How often do they air? Once a week?

 

[Autonomust]

It airs every Friday night @ 8PM EST.

 

[Shuffle]

It's such a pity that Cuban is a great guy but comes off as an a-hole. Or maybe I'm wrong hahaha.

 

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[BeachBoy]

O'Leary has a show called redemption Inc.

For ex-convicts.

Started watching yesterday. Not sure if avail from the US.

Redemption Inc. - Episodes & Video Clips - CBC Television

 

[Vigilante]

Disagree. He sold 750k units = $375k royalties just by replicating historical volume--not bad for a $60k investment.

Mark got a good deal.

He's not that smart for taking any cash at all. $60k is easy credit card/debt financing

He didn't sell 750k units. He sold $750k in top line revenue... 125k units(and that's assuming you believe it because everyone... EVERYONE exaggerates their sales figures to the high side).

He was offered $100k for zero equity and a $.50 per future units sold commission.

He could have
A. raised his selling price to offset, and essentially banked $100k for nothing. His sell cost is too low anyway. Retailers need a 50% margin. $11.99 retail means the dealer cost could be $6.00 and he's currently charging $5.00
B. negotiated down the commission to .25 per bottle
C. exempted the first 150k units sold annually
D. Taken this offer at face value if he really needed the cash