"It's Worth $3,000,000 Today and $6,000,000 in Two Years"| Shark Tank AUS

Peita is a mum from Sydney who wants to make a difference in the world. She has created her brand 'The Swag' which is a 100% natural, machine washable, reusable, breathable, non-toxic and non-allergenic bag to protect your fresh produce. She’s come to the Tank to ask the Sharks for 300k in exchange for 10% of her company, valuing the company at $3million. Will the Sharks accept her valuation and jump on board The Swag wagon?
Company Website: www.theswag.com.au/
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #ValuationLesson #FreshProduce

[@rishavagrawal3351]

How shark tank works: 1.Owners pictches business 2.Naomi is out 3. Show starts.

[@user-tq3ud9zi7w]

Then Janine tries to rip off the owner.

[@reviewandbuy7955]

Please give me a show where naomi actually offers

[@captainbucky14]

kzbin.info/www/bejne/fmTWc2aJfM9ga9E

[@arminius6506]

I've just started watching these videos and Naomi was the one who made the first three offers for me. Seems like I stumbled upon some rare videos

[@FrankyGlow]

are you kidding me, Naomi always offer most, I have never seen Andrew make an offer, just once and it was the one with 2 euros for the Burgerdod bread and are poor offers or impossible that nobody will accept, he looks more than the moderator, he always recap the offers of the other sharks

[@carpii]

Janine creeps me out. She’s always sat there fake smiling and laughing, but then makes a real snake of an offer

[@Showmetheevidence-]

carpii Totally. I think she’d sell her own family for the right price.

[@JB-jr8zw]

Totally agree

[@caninho1]

i like her. all of them are cool

[@gizdonk]

Her smoothies have crap ingredients

[@0mnislasher1]

@@nath-wp7xp its they makeup and tv lighting. go look at survivor. shes an attractive fit woman but shes no milf. i cant believe i just typed that but its still true

[@meghannelisa896]

Entrepreneur mentions the US Cameraman: ZOOOM on Andrew

[@commanderkeen3787]

Andrew "Your-Idea-Is-Great-And-You're-Great-But-This-Isn't-The-Kind-Of-Business-That-Gets-Me-Out-Of-Bed-In-The-Morning-And-Therefore-I'm-Out" Banks?

[@luvsupreme]

🤣🤣🤣

[@thehello88]

Update: the company is now officially valued at 5m

[@rodlyver8081]

WOW!!! AWESOME!!! And i hate the word awesome!!! lol

[@MrJamberee]

Says who? The same people that valued it at 3 million for this show?

[@commanderkeen3787]

I heard the company is now valued at 700 trillion dollars and they hire Bill Gates to clean the staff toilets

[@razor10reciever16]

@@commanderkeen3787 lmaoooo

[@thehello88]

Na that number is from a news article

[@jennifercosmas1838]

I just did a little research and I saw this "...After a heated debate with the judges over the $3 million valuation of the business, she took a $150,000 deal with the shark Glen Richards for 25% of the company. But Pini says the deal didn’t go through. By the time we did our due diligence, our revenue had grown significantly and there was no use taking on that level of investment and giving away that amount of the company..." I'm so happy the deal didnt go through.

[@shivekaniruth5402]

Steve is the realest shark, followed by Andrew. Steve hates the way the other sharks just lowball the pitchers ` businesses

[@frankesposito2182]

Mmmyeah!

[@msmaxipad]

I have a theory he values money less than the other sharks

[@MrPooPooKatchu]

I only watch this show for Steve

[@kcc-karenschroniccorner9432]

ConnorWaddell he’s my fave

[@ahmad42509]

So where are you from?

[@droneshotsantoine1805]

Where are you from mate?

[@LauraTeAhoWhite]

Steve gets triggered by anything eco friendly or plant based.

[@MrGEORGETHOMPS]

It’s good for the environment and for that reason I’m out

[@stupidtreehugger]

Yes, it's like he wants to shove bacon in every vegetarian's mouth to lessen his guilt :-)

[@premkumarmurugan6665]

Ha ha. True mate. Cameraman enjoys focusing a lot on Steve during these eco blah blah pitches.

[@danielgarrett4230]

Hahahaha facts

[@TheRealBizWiz]

@spncrsprs Steve is way too delicate and emotional. I’ve seen him pout and run away when he didn’t have the chops to close a deal. 😂

[@Niko-wg6pi]

I don't think I've been through an episode of this, where they haven't said "it's too early stage for me". I mean isn't that the entire point of the programme? These are meant to be seasoned business professionals and a little bit of risk scares them off.

[@calvinlooi4500]

They are seasoned business professionals for a reason. Different people have different risk appetites. You're implying that every business is going to be successful with their help. Be reminded they are using their own money, and so they have to access whether will they get their money back.

[@Niko-wg6pi]

@@calvinlooi4500 Yes they do have to take the money into consideration. I hadn't doubted that. But bear in mind, this is a business arrangement, if the company succeeds the Shark does as well. My point is not one about the money anyway, it's about being investable. The aim is to transform a business, not take shares in a successful company that doesn't require them.

[@calvinlooi4500]

@@Niko-wg6pi as you said, IF it succeeds. Most companies fail. There is no 1 size fits all in terms of choosing a company to invest. Different people have different criteria. Everyone wants to succeed. But how many actually do? The role of an investor is to taking into account all the unforeseen circumstances and identify if one has the capability to be successful.

[@Niko-wg6pi]

@@calvinlooi4500 I can get behind what you are saying. My only issue is with these 'unforeseen circumstances'. Let's not enlarge this, it's a TV show. These Sharks are doing a number of things behind the scenes with these people. My knowledge of Shark Tank is unfortunately confined to this channel and perhaps I'm comparing it too much with Dragon's Den. The job of an investor is not always to pick the option with the smallest risk involved, sometimes you've gotta take a gamble - that's business. From what I've seen though, the Sharks are a lot more careful with their cash in comparison to the Dragons.

[@360Billionaires]

@@Niko-wg6pi exactly what I was thinking. What is the point if it's not early stage why would I even bother coming to the sharks? I, feel they haven't got much money as compared to the dragons and sharks of America hence, the phrase " Too early stage"

[@YesPlease1]

Why does that one woman always come in with a worse offer after someone else makes an offer? I've seen that now several times. It's dumb.

[@nitothegreat]

cause she's not rich and wants to come across as it but doesn't even have enough money to not care about the risk of funding her

[@meemoglasssolutions6277]

Because she makes ridiculous offers hoping they wont accept anyway coz she's broke..

[@mrsfarrellforever]

She’s the Aussie Jenny

[@JSSTyger]

Worse offer? She offered $300k up front ($100k + 200k loan) vs the other guy offering $150. She offered more money to kickstart the business. That's why she asked for a larger percentage.

[@YesPlease1]

@@JSSTyger The first offer valued her company at $600k. Her offer valued the entrepreneur's company at just $400k based on the equity offered. The $200k loan is quite risky for an entrepreneur to take because I think they're required to pay that back even if the business fails and there's no money coming in anymore to pay it 😬. That could be an amount of debt that she might never be able to pay off in her lifetime.

[@emameyer]

Jannine's strategy: hear the worst offer, make it even worse so she doesn't need to say "i'm out" every time

[@SpydersByte]

haha she does tend to do that, maybe she's just throwing it our there cuz she doesn't want it as much as the first shark but figures if she can rip them off then may as well

[@mikelytou]

Why does Naomi even bother to come up with reasons for being out? She should just be "I'm here today, and therefore I'm out."

[@saioshengovender1362]

😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥

[@lironstern9735]

LMAO

[@hindalkaabi2504]

EXACTLY

[@fionanyangoma7907]

Word

[@TheCheckit96]

I have a red dress, i'm out! :-)

[@tasker1986]

Janine seems to be condescending towards the female investors and hopes her juice empire and "friendly" smile and "honest" approach gives the illusion she is doing the right thing while literally low balling everyone with loan deals. Has she ever done a deal on sharktank that's made money for the inventor/business owner?

[@mkprocter882]

the music is far too over the top and the editing is abysmal... for these reasons I'm out

[@stupidtreehugger]

Well, yes, but it's a half-hour (?) episode edited down to 8 1/2 minutes, so it is only the highlights. Plus it's free. I agree the music is way over the top though. It's the US documentary style. UK doesn't have nearly so much overly dramatic backing tracks in docus

[@dantemarcon5745]

Lol

[@yussufchreim]

Lmao same

[@creatip123]

She made the right choice. This product needs to go on retail as vast as possible, as fast as possible, before people create knock offs and knock the heck out of this product....

[@sirplantain]

8:15 "That's because she wanted me" - no dear, she was just being polite.

[@reddragon6317]

Damn . This show needs Kevin o leary

[@Showmetheevidence-]

Red Dragon THAT would rock.

[@germainrodriguez5230]

Seriously

[@caninho1]

in australian dollars he'd be worth around 700 mil

[@doncarvalo3691]

Aussies won’t be able to handle him he would make every person coming in cry

[@mrBDeye]

I wonder if all countries copied this American show.

[@Dubladeire32]

Lol best looking Peter I've ever seen 😂😂😂

[@zlowrie89]

It's Peita... It's in the description

[@matacr7758]

@@Manish_3333 rude much

[@stephaniewhite9526]

Steve didnt ask where she was from !

[@vijayalakshmiramkumar2161]

This lady has a history of making offers which tend to be greedy and will lead up to swallowing the whole company or atleast the film control of the company.

[@jordankyte9203]

And she's always playing the offended by the valuation role only to seize leverage and control, she's quite snakeish

[@MADMAX7330]

The Ozzie sharks are really goldfishes, any valuation in the millions just scares them.

[@FransceneJK98]

That’s why they’ll never be the next Cuban or O’Learies

[@jake567100]

But Glen Richards is worth more than Kevin O’Leary?

[@user-wickedflower]

You understand it Ozzy $ not American $ & prices are subject to price of living in Australia.

[@arminius6506]

It's because Australia isn't a huge market like USA and UK had the EU to sell (I don't know how things will work after Brexit)

[@KFGustavo]

When the valuation of millions is on a company with net income below 100k, yeah, that's scary.

[@hellioringos2308]

That woman Peita could be a dangerous competitor someday. She acts vulnerable and she prolly knows how to manager things based on her innocent gestures. She looks really smart to me :) She chose the right investor :)

[@brianshannon7272]

Glenn won that battle when he said "make your journey a little bit easier." All Janine said was I'll tell you now and help you build your foundation with no promise of contacts. A woman needs to know she's safe and going to be taken care of and Glenn delivered that.

[@MamaJoyAushwa]

bingo!

[@MamaJoyAushwa]

i think janine gets jealous of woman companies that are about health and well being and so she brings them down but she also wants them lol i'm glad she picked Glenn

[@govand7]

Why do these Aussies always find a reason to be out? So you like the product and and entrepreneur but you refuse to invest because of her valuation? You know you could make them a counter offer like the US sharks and UK dragons do. I think these lot know they can’t really help and lack influence in a lot of areas so they just come up with dumb excuses Also, sometimes unrealistic counter offers are made in the hope that the entrepreneur doesn’t accept it (100k for 25% and 200k loan??)

[@atheistnotion]

Spot on. Not only that, they're cheap as can be. They'll hear a pitch for a company that wants $30k for 15%, has $800k in sales and make offers like, "I'll give you the full 30k for 40 percent." the aussie tank is ridiculous. I just stick around to see what absurdity is next.

[@saturnGEEK]

It's like that for most private investors in Australia. Only ones that are less greedy is government investment, but the loan repayments are pretty nasty.

[@chepisani]

Exactly what I was thinking. The only reason they say this is because like the other 20 comments, they don't invest unless its $50k and under.

[@jcwyu]

No customers. No market. Business deals with Australian investors know that, they cannot sell to domestic because the return is too small. The rest is the shark problem. Seems a desperate sale.

[@Mogamishu]

Shark Tank Australia has been canceled after four seasons. It has been revealed that the show will not be renewed for a fifth season in 2019. The fourth season aired in 2018 was the last.

[@umu]

It's like a room full of Jennys.

[@mysexeyes]

MtgLion exactly!!!

[@LauraTeAhoWhite]

When everyone is out, Jenny is in.

[@andipandi5641]

altho i think that jenny gets a bad wrap.. i was just thinking "i'm sorry - i'm an australian and for that reason i'm out.."

[@TheAazah]

She had 3 offers..

[@mag0927]

Janine "If you told me you're going to Europe I'm out!" wtf lmaooo

[@JamesBond-er1hk]

She got evaluated by 2 3rd party companies. Im pretty sure she deserves that 3 million evaluation.

[@helenabyrne7830]

I’m a massive fan of dragons den , this is the first clip I’ve watched of shark tank , why do they all talk at the same time , how annoying and yeh the music is too speedy it’s ridiculous

[@Bulskee]

As in most cases with shows like this... 1. UK 2.USA 3. Australia

[@mkprocter882]

yep this is my first and last shark tank Australian. The music and editing ruined it for me. Is the USA version really worth it?

[@hryank33]

Even third world countries are better than shark tank Australia.

[@Enarjay7891]

Marty Procter the US version is easily the best out of all of them

[@Bulskee]

No Ah the US is best for investment but the music and stupid editing ruins it!

[@brendanbergmann6290]

Buzz Lightyear The USA sharks actually invest though and get businesses off the ground

[@hsk8787]

Love how steve calls every person "mate" old young men women haha

[@randomtv7920]

steve is so honest

[@liveforextrading7917]

4:45 for this investment and all other pitches I will hear, im ou'T

[@peterwest758]

A product called blue Apple keeps produce fresh much longer and costs about 15 Canadian per year

[@jff1813]

I can't stand the blaring music over the talking, so I'm out. But I would buy the product.

[@essxi9048]

Precisely. I am in the middle of raising funds to start a business and this is what I get from potential investors. It is why I have coined the phrase ‘venture cowards’ as the real meaning of what VC stands for.

[@wanderingsoul7901]

Hey Naomi is that you ?

[@aarizkhan3646]

Its amazing when all of them get up and just say goodbye to the person . I think thats amazing where it could have been them just sitting in arrogance and ego and just wait for the person to shake their hands and fish off . The Sharks are really Humble for me atleast.

[@jigyasupandey7283]

Naomi mimicking the polite sorry is everything that's wrong with people today.

[@ThomasShelby-uq8cz]

She's such a sweetheart

[@steeplesheeple]

I never leave my house without my swag, drip drip 💧 😂

[@manishbachkaniwala]

Looks ( the product) like just plain good old fashioned cotton bag . She didn't mention the technical part , huge valuation .

[@skyeageddes700]

if she said Janie I would have laughed so hard my laptop would die what the hell kind of offer was that like seriously

[@anitahardesty2163]

Love the product!!

[@ipo9138]

The worst sharks ive watched..its like they are middle class investors who only care about eating up the company built by others...there just looking for stablished business and and say no to all starters..there is no high risk high reward options which makes it so boring to watch al they know is "i will take 50% of your business..what a shame...not even close to shark tank US

[@wkwkkw7830]

True . I hv been watching this programme and i real8sed the sharks would always give unfair proposals as they want to gain the best deals. In fact some companies should have a higher valuation, and the sharks know it too, but they just want to earn more as new start ups arent that experienced

[@joaquinrivera3741]

That's why they call em SHARKS.

[@That1GGirl]

I definitely want one of those

[@Arthur_StJohn]

jesus, how polite are these people??

[@billyhendrix5544]

The way Glen says 'correct' at the end is epic

[@JacoWium]

Those magic words: "Saving the planet".

[@ProfRoofs]

Negotiate... it shows your investor that you’ll defend the company and value it’s worth. Also, you’ll make more money.

[@hakeembaba123]

Where can I find this product?

[@Sai-zu2hy]

This is ancient Indian technique 😀😂 Before fridges Indians use to keep their fruits and veggies in cotton bags with slightly water and capt in mud pots

[@reymar128]

Where can I get that floral dress

[@JousefM]

Has Steve ever stood up to shake someones hand :D:D:D

[@makeithappenbourriht963]

After a quick google search, the company is still full running with full shipping USA-Wide with an estimated net worth of 5+ million dollars. It seems like the estimate wasnt as exaggerated as much the sharks made it seem.

[@karenspeidel1901]

Could you get rid of STEVE he's narcissistic! Don't know why certainly not his looks ! Another NERD !,

[@denisdecharmoy]

What about some feed back on past shark tank invested clients

[@frankesposito2182]

Smashing Bay-bee....

[@michaellee6713]

Gosh its insane how much nicer the sharks in Australia are so much nicer than the ones in the U.S

[@diamondboy205]

Hell yeah sellin swag in dat bit hahaha

[@latestgadgets5163]

My mom use same bag for this purpose but it cost 0.5 dollar to hand make only problem is that it doesn't come with swag logo

[@daisylaw9505]

I want buy her stuff where can I find it please?

[@B_Bodziak]

Lower your fridge temp from 38°F to 35F and you'll easily add a week to your produce times.

[@wazebib3350]

She is a really calm women

[@robmarrin6720]

Aldi now supply a breathable bag for bagging single vegetable /fruit products and i put them straight in the fridge because the food doesn't sweat it lasts alot longer. 25 pence each.

[@temoork-0197]

0:36, *glen having a look peak at those jugs and loosing all focus* LMAO

[@XiagraBalls]

Can see that selling really well in the US.

[@quintonfloyd7862]

Hell no. It might have a small initial burst just for the memes of it saying "swag", but after the lols from its meme factor wear off, its just corny.

[@namnack]

What was the product?

[@aveekh]

Peter is a good kind hearted person , Be like Peter .

[@KungFuChess]

I'm sure Glen will be mentoring her on the side..

[@homiekeen23]

If it does make the veggies last weeks longer then I LOVE IT!

[@joeypiet1925]

I had to google what the crisper part of the fridge

[@Noadvantage246]

I can't believe she almost blew off Glen for Janie. Glen had the better offer, valuing her company at much more than Janie and he has real experience and connections to bring to the table. All Jaine had was, I'll be realistic and tell you not to scale for a while. If I was Glen I'd be really offended she was considering Janie shitty offer so heavily with mine tbh.

[@jont2576]

chin(k) from asia here....who the eff edited this show?a chipmunk high on caffeine?my god whoever thought the camera jumping between persons every 2 seconds was a good idea?people are having a conversation here,not shooting guns at each other.

[@uppercutman]

WTF HAHAHAHAHAHA

[@MrGEORGETHOMPS]

What’s the relevance

[@FRANCESCA01234]

😁

[@doomfathertm8771]

PEITAAAAAAAAA

[@dv9239]

I've been doing the same with jute bags since ten years and i got em for free

[@andrewnewman4725]

2:35 did someone say queso? 🧀

[@ramezshehada1624]

Steve pisses me off coz she’s trying to explain but when she is about to give him the answer he just interrupts her

[@petkuscinta9797]

I am buying it straight away if I find it. The number of times I throw vegetables out of the fridge after a few days is ridiculous.

[@kumail54]

Anyone out here who can recommend me a video in which the 'red fox' has actually made an offer? It feels like a once in a blue moon event

[@doncarvalo3691]

These are not sharks their friendly dolphins . How can they judge if a valuation is correct or not or call it cheeky without hearing the companies revenue , ebitda and net income ? Go to us shark tank where the big boys plays these are a room full of dolphins .

[@stevenlewis9234]

I can see that bag getting nasty bacteria in it pretty quickly. Am I wrong?

[@RealGalaxyGamers]

Wash it

[@jonord84]

Yeah, you're supposed to wash and sanitize it as needed.

[@stevenlewis9234]

Ah. That makes sense. Thanks!

[@tomeikajefferson9618]

I need this product

[@JPAnglers]

gorgeous, decent and well educated Peita ... keep it up

[@markky3050]

I bet that was an interesting convo. "Mum, Dad. This is my girlfriend, Peter."

[@Xplicid]

Hasn’t been told any financials and Janine “Don’t you think it’s a bit cheeky, evaluating your business at 3M?” ... Go jump Janine 😂

[@RD-lv2zj]

Try to get a deal with WFM in USA

[@lizkhalifa3357]

Why is it every episode there's an issue with valuation lol

[@tonydarcy7475]

Liz Khalifa Because entrepreneurs aren’t stupid. They know they need to leave room for negotiation, so they overvalue their business with their initial ask.

[@Amm17ar]

You could get a lot more people interested in saving the planet at a retail price of 40/50 than 72. I don't understand why companies like this go through wholesalers. It's a larger profit margin, slower burn to success but you're getting more out of each product.

[@andrecamilleri6503]

Peter? This is Shark Tank Australia not Thailand.

[@kuyarodrigo6724]

She should of countered their offer with 15%

[@fusion0444]

This product is good wym Ik a lot of people who eat healthy and food goes bad because they are healthy this is amazing product

[@user-tq3ud9zi7w]

Janine will only make an offer that totally rips off the business person pitching. I do wish that people would get a reality check on their valuations though.

[@papy123098]

Thought the rules say they're not allowed to go under the amount asked for.

[@michaelwiseman1405]

Finally invested in something

[@beezito]

That lady is really nice

[@mohammedjamal434]

Compare this to dragens den this is crap

[@purelight6663]

They talked over to each other here on this video. It's a bit annoying to watch really .

[@10--50]

They're both crap. Shark tank USA is the only decent one.. At least they make deals and actually are wealthy enough not to turn everyone away or make completely shit offers

[@clubsport9334]

So is your spelling.

[@foxt9151]

@@10--50 german and austrian version are in my opinion the best because its actualy real as in non scripted, its even live (in austria). Its genuine investors seeking real companies. Sure they are looking for intersting businesses in the cast but they dont fake businesses like dragons den used to do

[@getin3949]

I get two weeks without her BAG unless the produce in the store was a little older, then nothing would preserve it longer. Veg and fruit have a long lifespan naturally provided it hasn't been sitting on the store's shelves already for too long. You never really know how old your product is to begin with so it is either going to last longer or not. I've tried every bag, swag vs. no bag or swag and there was NO difference in the longevity of the produce.

[@glowblank17]

Peter? Yes. Peter.

[@georgecrosby5690]

I want this bag!!!!!!!!!!!!!

[@shadaiqbal1219]

Bought good comparison in Aldi for 79p

[@ArchenemyLegend]

Steve is the best...

[@sabedi2129]

4:05 "At this moment he knew, he's out"

[@cricketman676]

Hahaha yeah🤣🤣