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Shark Tank Season 11

Bekit

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Their fear is very appropriate. They haven't built a brand yet. So, the only thing they have that's proprietary is their recipe. If a company like Impossible Foods or Beyond Meat gets their recipe, they're done.

I'm sure Coke was secretive about their recipe early on as well. Now, that they have a strong brand it doesn't matter.



Your skepticism is baseless.
Cool, fair points.
 

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Real Deal Denver

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I always liked Shark Tank, however I have learned so much more from The Profit! I love Marcus. That said, they are complete different approaches. You get to see the investment part on ST and learn on their reasons to invest in something or pass, with TP you also get to see what he does to flip the business, and I love that they explain stuff like why he decides to eliminate certain products, why he invests in branding the business, and stuff like that.
I agree 110%! Marcus is a genius. And the show gets so much into the nitty-gritty - it's a required course in business!

I just read that the last Farrell's ice cream parlor just closed though! You might remember that episode. Marcus owns the brand and is sitting with it on the sidelines for now. Here is an article with the details; The last Farrell’s Ice Cream Parlour, in Brea, has shut down

But I study The Profit for what it is - which is the greatest resource to really learn about a business that I have ever seen!

Shark Tank is good too - but I can't believe the stupid products that are pitched there. It kind of kills brain cells watching the needless products they encounter. The worst one I've ever seen; little booties that go on the spikes of high heels so the high heels would not sink into a lawn. Idiots...
 

biophase

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This wasn't smart, they don't know what the terms NET and Gross mean and failed to grasp even the most basic questions they were being asked regarding their finances.
“Well we made $12000 in one day from a viral instagram post, so in a year we would make $4.4 million.”

That was so bad that none of the sharks made fun of it and caused Mark to not want to partner with them anymore.
 

Real Deal Denver

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“Well we made $12000 in one day from a viral instagram post, so in a year we would make $4.4 million.”

That was so bad that none of the sharks made fun of it and caused Mark to not want to partner with them anymore.
And the common trait of these business experts is not knowing what a reasonable income multiplier is to value their business. How can you ask for a million dollars and understand so little? At the very least you'd think they would watch a dozen or so episodes to get a feel for what to expect. But. Nope. Send in the clowns.
 

MattR82

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I love the old episode where they were all laughing at and dismissing the squatty potty (except Barbara?). I was actually surprised at how unbelievably rude they were, in particular to the son.

That thing ended up doing an ungodly amount of sales if I remember correctly.
 

foodiepersecond

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I love the old episode where they were all laughing at and dismissing the squatty potty (except Barbara?). I was actually surprised at how unbelievably rude they were, in particular to the son.

That thing ended up doing an ungodly amount of sales if I remember correctly.
Same with the Copa wine. There are a few pitches that were mocked but turned out successful. Still can't believe the Scrub Daddy is the most successful item from the show.
 

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