Engineer's Let Sleeping Duck Lie With The Sharks Offers | Shark Tank AUS | Shark Tank Global

Winston Wijeyeratne & Selvam Sinnappan are pitching 'Sleeping Duck' - A customizable mattress that has the ability to cater to anyone's unique sleep needs. The two entrepreneurs are seeking an investment of $500,000 in return for a 10% equity stake - some of you may think the pair of Uni friends are CRAZY as they walk out of the tank.
From Season 3 Episode 5
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About Shark Tank: The Sharks - tough, self-made, multi-millionaire and billionaire tycoons - continue their search to invest in the best businesses and products that America has to offer. The Sharks will once again give people from all walks of life the chance to chase the American dream and potentially secure business deals that could make them millionaires.
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Engineer's Let Sleeping Duck Lie With The Sharks Offers | Shark Tank AUS | Shark Tank Global
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[@aquarius_bb6658]

They didn't come for an investment, they came for exposure and a free tv ad lol 😆

[@eshaan6294]

Its not free though

[@aquarius_bb6658]

@@eshaan6294 the average TV add runs around 50,000...so whatever travel fees they paid to get to the set are a drop in a bucket in comparison.

[@aquarius_bb6658]

On major networks that is. Local channels significantly less..

[@Male_Canada]

They were definitely open to a deal, I disagree

[@JoseRomero-dy6xr]

1000000000%...

[@Shakester71]

I’m surprised that they haven’t opened up retail stores all over the country. Call it The Tank. All products that walked away with deals for sale.

[@anilogo682]

Go there and present this idea ^^

[@dbz_g0d432]

The company net worth is around 500m now.

[@hehswhs1207]

🤯

[@lastfirst2516]

The Sharks lost $50M+ and on exit possible $75m

[@justindyer6299]

Source?

[@Invalidy]

Post Shark Tank US episodes, the AUS is bit boring

[@suhaimiabdazais]

Agreed.. US better.. especially how's the dramas among sharks

[@josemigueldelgado3799]

no, just that they are not cringe

[@z823]

Agree. They dont have Mr. Wonderful.

[@CauseImFlawless]

US is always better

[@Powpowpoow]

I just have a had time watching them man

[@dustinvo6097]

Their revenue is more than 5 mil a year and the sharks offer 500k for 20%, meaning the valuation is just 2.5 mil. The sharks are not reasonable.

[@RajOnACloud]

But we don't know what their net income is. Usually valuations work on actual earnings after all costs and tax. This video just showed top line revenue not net income

[@Male_Canada]

@@RajOnACloud Doesnt matter now, the company is worth 500m so it was a mistake by the sharks.

[@visheshgoyal3999]

@@RajOnACloud actually valuations are usually a multiplier of EBITDA not Net Profit. So it's Revenue minus operating costs. But yes, you're on the correct lines. We don't know their operating margins or net profits. Perhaps they mentioned it but didn't show in the video. So it's tough to comment if the valuation by the sharks was fair or not

[@ld6786]

Update - the company now has a net worth in excess of 500 million

[@justindyer6299]

Source?

[@yunick1408]

now i know about sleeping duck. brilliant. they had the exposure they need by rejecting them sharks.

[@brederbeeld]

Rising online advertising acquisition costs and a product that people buy once every ten years. All these mattresses companies burn the funding on advertising and then go bust

[@dayoolobayo4384]

They could have proposed a better deal which can help bring the two interested inventors on board. Say 10% each if they come together to invest $500k. More experience on board to help with running the business and a great plus from marketing perspective.

[@kartikhegde533]

If things go well..that is a better idea. But with two investors on board you also have to deal with two different mindset. Also at the cost of decreased valuation of the company.

[@Coachlen24]

@@kartikhegde533 these are sharks. They have the same mindset… “make money!” Lol

[@hehswhs1207]

Bruh who cares now the company’s net worth is 500m 🥵.

[@RyanREAX]

5% more these guys are crazy lol

[@Male_Canada]

They know their worth. Why would they sell less than 5$ valuation with their revenue.

[@aj-xh6qu]

Lol their net worth now it at $500m

[@alexsze9136]

@@aj-xh6qu could be a $1B with a shark, you never know

[@aj-xh6qu]

@@alexsze9136 yeah 1 billion but their profit share is lower since the other sharks get a portion of it.

[@khalilelfakhri8243]

@@aj-xh6qu Source?

[@saadlasker1741]

The company is now worth 500 million

[@MrPrush-ji4gs]

His parents really named him after Winston Churchill xD Germans didn’t colonize India though ?? And used an Indian sign! Just saying xD

[@sandy4593nambiar]

I think they are from Sri Lanka .. his second name sounds more Lankan than Indian

[@oops541]

@@sandy4593nambiar South Indian and Sri Lanka folks all looks the same with dark skin and big nose. LOL

[@yyllyylll3502]

@@sandy4593nambiar Selvam is South Indian name he is probably from tamilnadu

[@divyamarkande35]

​@@oops541thanks but the racism doesn't suit you, Pal.

[@saloonnee]

The music is too dramatic!

[@MsLittleChristine]

The non-stop music is really annoying!

[@habibifamily7372]

Cleavers 👌😎

[@AnthonyA-wj9my]

Just post the US shark tank these other countries are so boring

[@PlatinumO88]

right ✅️

[@Krauser1407]

Its named "Shark Tank Global", just simple bro..

[@ieatcaribou7852]

So it’s a sleep number with more steps. I’m honestly surprised it’s been so successful. Producers need to pick real people, not those looking for a free commercial.

[@PiyushJaybhayeMusic]

is naomi ever going to invest?

[@divyamarkande35]

She's the Barbara Corcoran of Shark Tank Aus

[@mosesramirez3000]

Damn he got declined lol

[@Gianncarlo0216]

I don’t think they invented that, they copy it, I’ve seen those beds before.

[@thewierd_thewonderful996]

He's doing what was done years ago in india by wakefit and sleepyhead :P

[@punishedrab9364]

People keep falling for the same scam re skinned. Its exhausting.

[@NevinduSilva]

A sri Lankan 🇱🇰

[@Sabeeronyoutube]

I swear I saw this before 😂

[@xlncy]

Those guys are srilankan i guess. All the best guys.

[@surajshetty3850]

nope, south Indians

[@waterpotential3660]

@@surajshetty3850winston is sri lankan. Selvam maybe south indian or sri lankan

[@eric5r]

Australia, please invest in more state-of-the-art kangaroos

[@hans0747]

Wow

[@alichehab5804]

bruh there's never comments on these when early

[@ANGELSURS]

Junk

[@arleenescoto4763]

2

[@ZackMuffinMan]

:D

[@JayMoneyy22]

Guarantee these ppl will never make it 😂 probably already got swept out with false advertising acting like their the only adjustable bed

[@ammarali7940]

500 million valuation

[@aj-xh6qu]

lol

[@cbrouma8014]

Sleeping duck is now the number 1 rated bed in australia so i guarantee your comment is wrong

[@JayMoneyy22]

@@cbrouma8014 in Australia 😂 that says SO much

[@JayMoneyy22]

@@ammarali7940 you do know what a valuation is right ?

[@michaeljohndadd545]

First comment

[@noahwilhelm3205]

no one cares?

[@deanagius420]

Ok

[@jdharvey10]

@@noahwilhelm3205 you cared enough to comment.

[@michaeljohndadd545]

@@noahwilhelm3205 like ur mom

[@logangoldberg3868]

@@noahwilhelm3205 I care deeply

[@chompchomp7853]

Whatever