CEO Shocks Sharks With $50 Million Valuation | Shark Tank in 5

The Sharks laughed at Justin Wang who is the founder of the self-cleaning water bottle company LARQ, after he asked for the highest valuation in Shark Tank history which is $50 million. Find out which Shark decided to make an offer.
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#cnbc #sharktank #aapiheritagemonth #larq #waterbottle #entrepreneur #business
Founder Shocks Sharks With $50 Million Valuation | Shark Tank in 5

[@ForexRevolution]

the reaction of the valuation at first: HAAHAHAHAHAHAHAHAHA 5 minutes later: SO YOU HAVE 3 OFFERS (2%) WHO WILL YOU TAKE??

[@robbyfiveboy4862]

The editing sux. Half the info is missing. Where were his sales figures?!?!

[@aristamas4196]

Barbara "65% of my body is made up of water, for that reason I am out"

[@Allstar25CP]

A rare episode where both Daymond and Robert were being dramatic.

[@KA-eu9sy]

Edit is too short. What were his sales? How much it sells for. What does it cost him/bottle?

[@stuff1784]

Robert was a SAVAGE here!!! Love it!

[@thegulch1780]

How many freaking times does this video have to play?

[@CNBCAmbition]

This was too good not to bring back!

[@cadriver2570]

Daymond you are free donate the 300k you spend on individual cars.

[@kenfox22]

Got a lot of nerve to ask for 1%. Run him outta the room. He's tripping with his greed. Surprised Mark didn't run him out

[@cynthiakelly8156]

Mr. Google says . . . "LARQ net worth is $28 million dollars. Since airing on Shark Tank, LARQ Bottle has seen a sales bump and thereafter a decline in revenues. Even though Lori and Kevin agreed to invest $1 million in the Shark Tank episode, the deal never went through due to complications in due diligence."

[@scarygary5678]

Robert has to be one of the more talented business people up there because of the fact that he was able to make himself into a shark despite personalizing pretty standard business practices from entrepreneurs. He’s willing to walk away from a good deal that will make him money because he’s insulted at the prospect of having a conversation to discuss an entrepreneur’s business that he’s investing a half million dollars in. It’s actually incredible that he’s a shark if you really think about it. His acumen and talent must be off the charts.

[@leonajames5517]

No, most people don't walk away from a good offer, thats what has made him so much money.

[@SongwonMusic]

Honestly, Robert seems like the one shark I would not want to do business with. He gives off this "nice guy" persona but I think he's kind of an a-hole in real-life based on what I've seen and read

[@calm3542]

Definitely a bipolar personality

[@Welshy]

@@SongwonMusic because to be a nice person you have to be nice 100% of the time... name one person who is that

[@samihamaimuna7165]

How lunch going? I’m having Thai

[@Tiosha820]

Chic fil A

[@ford4805]

Whataburger

[@joshan5716]

omelette / sausages

[@graydenaubertin915]

TacoTimeNW

[@favorites1324]

It really be during our breaks

[@armyfam605]

he defo should of brought a bigger bin to throw the two in when he was demonstrating ...

[@huhwho277]

Ive never had my water bottle smelling bad.

[@RealRayAl]

Learn from this guy! I will buy this product and tell everybody about it! Its amazing! Shout out to him and all the sharks!

[@global4508]

is the company still around? if so, are they doing well?

[@supercharged746]

Why is the presenter missing half his face in the thumbnail?

[@ZevMeth_originaljewishmusic]

I'm surprised they allowed him on the show, he's clearly not here for a shark! There's no way the deal would ever go through, his business is too big, and valued at too much for him to take any more!

[@ZeroHSR]

He was asked to come by the show. That whats articles said about this episode.

[@AnimalA-Z]

Right at lunch time!

[@AnimalA-Z]

This is one of the deals you know will not close and it never did 😅 but as of now, the company raised money elsewhere and is valued at 50M!

[@sueykwan2455]

18M in 2023

[@omarelmobou6027]

sales and annual income and net profit is missing

[@luisv7117]

Most of the people who drink water don't care I don't like the product and I will nevery buy any of those bottles, I got one and I cleaned every day

[@samysamy5051]

Robert has too much ego, take a chill pill and step down for a minute.

[@Deuce-qr4tn]

he knows his worth

[@samysamy5051]

@@Deuce-qr4tn That's ego at that point tbh. The fact that he thinks he knows it at all and doesn't want to be questioned by anyone is pathetic.

[@luisv7117]

This guy is smoking something hahahahahha 1% is an insult

[@TheJohnCooperShow]

Anyone else watching this in the gym

[@mgt1429]

I'm always eating when I watch Shark Tank.

[@Jazzaconda]

and ya'll still dont't get it! We be dumb!!!

[@SpringGhost6521]

If you have money liked 50,000 and add50,000 you get nothing

[@LaBoulayeCastle]

No Justin… no.

[@Jealod24]

It’s hilarious Damian thinks shark tank isn’t about crazy valuations… dragon den uk and Canada, the shows that shark tank is based on, have much much much lower asks and valuations then any season of shark tank. Shark tank people have always way over valued their business. And the other shows actually enforce the rules that you have to get what you asked for… you can’t leave with less.

[@snowflakehunter]

I would not have made a deal with him. The sharks are greedy, but he is greedier. I just do not believe this product has a viable future. No evidence of his claim was mentioned either.

[@DOC_951]

It’s worth over 50M though…

[@Kevin-lj7up]

It's ok to not understand a product or a segment, but sales speaks a such a high volume over all the noise.

[@snowflakehunter]

@@Kevin-lj7up it's okay for you to be ignorant.

[@snowflakehunter]

condescending piece of digested food.

[@emerieevan6772]

I was surprised they didn't talk business numbers. Or maybe I skipped that part

[@gabby811ify]

I would be out to, man is annoying Af over a percent

[@ZevMeth_originaljewishmusic]

He's being a businessman. When your business is worth 50mil, every penny counts!!!

[@hallucin8-]

Sports wasn't his thing growing up😂😂 🗑

[@beatriceowusuachaw6210]

He will pay 1 period u hew

[@beatdeyazz7940]

I cringe whenever Daymond is on, because everybody knows that he is only here for diversity. Non-black entrepreneurs have to think of ways to get him to go out.

[@gwillyumbellshaw4643]

lol his net worth is c.350mil, i'm sure there's more to it than diversity but nice try mate

[@sherrimartin7986]

Why do people always have to use that card? People are tired of hearing it.

[@sherrimartin7986]

I agree with you Gwillyum.

[@versa21k71]

@@sherrimartin7986 cause it still exists

[@judypaulsel9646]

That’s simply not true !! Damon is one of my favorites he’s already proved himself as a business man and created a clothing empire ❤

[@TheOfficialCrankOut]

How’s everybody’s lunch?

[@graydenaubertin915]

Pretty good hbu?

[@warriormanmaxx8991]

@Austin Ahn - what other's have for lunch is proprietory information kept private.

[@camlop8635]

Omg

[@izelo3277]

Early

[@getdat]

Daymond is a hack