Rohan Oza Takes a Bite Out of Jackson's Honest | Shark Tank Firsts | CNBC Prime

[@bvucaj]

Rohan is perfect for brand recognition for prodicts that is already out. I think sharks usually dont wanna take each others field of expertise so they let Rohan take this deal.

[@johpafoora]

The boy passed away unfortunately

[@TheNerdDogg]

@@johpafoora What boy are you talking about here?

[@adingdingdiiing6740]

@@TheNerdDogg i think their son. The one they talked about at the start of their pitch, said that he was very sickly.

[@TheNerdDogg]

@@adingdingdiiing6740 Oh ok!

[@johpafoora]

@@TheNerdDogg Jackson, their son

[@Dustyplastic73]

Saw that smile to each other at the end? They knew that any offer that let them keep 50% was good. 66% - 15% = 51% They got exactly what they wanted.

[@michaelwallen5652]

Question so since family owns 33% that means they can still give up another 17% and they’d still have the most equity?

[@olivercool2308]

They knew what they were doing

[@bluntrazor2230]

it will be higher than 51% because the Family and friends will also get diluted.

[@NikhilChennuru]

@@bluntrazor2230 it’s 17% of every individuals portion?

[@shubhjain1972]

They'll be diluted 10%, so will be left with 56%

[@mattn6591]

You can just tell this brand is going to be a success. The name is very catchy and memorable and has good packaging, the entrepreneurs seem like they know exactly what they are doing, and apparently they taste delicious, and if I was in the store and saw this chip, I would definitely want to try it.

[@sagarseth1014]

It's missing the sass without Mr. Wonderful!

[@favorhere]

he is occupied with his chavelier du testevin

[@tj.espygil4544]

Thr judge ordered Mr. Wonderful back in to the rehab facility for his anger management issues.

[@productivitywithdani]

He was doing Dragon’s Den I think

[@commanderkeen3787]

Mr Wonderful loves royalties so much, they should call him King Wonderful

[@privatear2001]

I could buy these about three years ago but haven't seen them since. I thought they were out of business. They were THE BEST chips I've ever had. I love all the coconut fat. They brought in about 12 bags at this one high-priced store that caters for upper-class tourists. I bought about 6 of them until I couldn't get them anymore. I bought two bags (and ate them) in one day! These chips blow everything else away! So thick with coconut fat. The texture is incredible. Its a real chip! No "cottonseed" (industrial machinery) oil here!

[@pinkfrostedcwpcake]

they sell them in homegoods and places like that

[@SK-ll3uv]

At many parts of the world, including Kerala in India the staple oil has been coconut. Various methods of cooking is adopted so that the food combination it is blend with does not convert the structure of fats harmful. However, the earlier West research advised its harmful for consumption and east started following three teens. In the last few years, all are back to coconut oil products and it even gets sold as a premium product now. Interesting how things fluctuate in preference so much!

[@moygoodness]

Barbara: These chips are the future and for that reason I’m out

[@Mamapelz]

Kevin would've definetly made royalty deal like why give away more equity? i will give you 1.25m as debt at 90% interest. And a royalty of $60 per bag untill i recoop 4million and it go away, all that for 3% equity

[@EGarrett01]

About midway through I stopped reading your post, then I realized that made it a good representation of Kevin's overcomplicated deals and had to the thumb up.

[@Aamirmhmd99]

May I ask why the royalty deal is bad especially if it's not in perpetuity. And if 1.25 mn is not debt.

[@jasonpatch5512]

Ok here is what I am doing to do… I get 11 cents per chip until I recoup 4.25M and I will take 3% equity for coming along for the ride. All roads lead to Mr. Wonderful.

[@favorhere]

hahaha awesome🤣

[@dismalthoughts]

@@Aamirmhmd99 Especially during the early stages of growing a business, you typically try to re-invest every dollar you can back into the business. So while a low royalty that goes away after paying off the loan can _sometimes_ end up cheaper than giving away equity, it inhibits your ability to re-invest into the business when it is most vital to do so -- the money that you would have re-invested now has to go to Kevin. Depending on the state of the business and the size of the royalty, this could completely cripple the company and cause it to implode before it gets off the ground, even if it would ultimately have been a long-term cheaper solution were the company to have survived.

[@aligundogdu7668]

Barbara: this is delisious i love it. For those reasons im out

[@rellthemayor6361]

Stop plz lol

[@jasonpatch5512]

LOL

[@emotion_gfx]

🤣

[@mattn6591]

Let me be honest (no pun intended), I just found these chips in Whole Foods and tried them for the first time yesterday. I tried the Sea Salt. How were they? They were good, I liked them. Were they great? Hmmm, don't know if I would reach for them over a couple of my other favorites. Maybe the other ones with other flavors might be a little more addictive than the Sea Salt ones. I didn't feel like I've GOT to have them. But they were good. And also, I'm a little disappointed they dropped the Honest from the name, thats what made it memorable. Jacksons - why not just make it Smiths or Jones. That might have been a mistake.

[@bethsewer5463]

I just looked up this product to see how they are doing . Turns out their child passed away 3 months after the pitch 😢

[@favorhere]

they are great, got a very positive attitude!

[@ibnfaqir9223]

Even at 20%, it will take 5 years just to get his money back. This only works if the company gets bought out for 50 mil.

[@hermanwooster8944]

Only a $10 mil evaluation is needed. At 15% equity he could sell for 1.5 mil and make a small profit.

[@jarubski_editz]

What year is this cause I know it’s not this year

[@7fall]

But in (15% * 7 mo = 105%), this means every 1 of 7 months’ worth of profit goes entirely to him. 2 months out of the year, nearly- forever. All so they could get a month’s worth of $$ up front? A 1/3 of what they already got from friends and family and they hand over 15%?? Speechless

[@paveljakl]

That guy look alike Jason Goodall tennis commentator..😀

[@amitbikram9031]

These guys are smart...sure about thier product and business

[@jamesrawlins735]

Yes - but I don't like the fact that these are sweet potato chips. I don't think there is really enough demand for those over regular chips - and in fact their revenue has declined to about $6 million a year.

[@ykd0011]

Nobody does business in which they're loosing money. It doesn't matter how good the chips are, they're loosing in millions, they should be terrified shitless.

[@nopelindoputraperkasa5869]

Thank you my friend for sharing the best information.. great.. greetings from traditional Indonesian gold seekers ❤️🇲🇨🌻🇲🇨⛏️⛏️✋👍👍

[@beccaholland3602]

I love this company

[@syedaleemuddin6804]

Rohan's offer was much better than their whole family what they did, because Rohan at this point can actually save the company

[@bySterling]

I’ve gotta try these and wonder how they’re doing now

[@deckerjones7331]

they doing great im really good friends with his son. they such a nice family

[@whatsinaname7289]

I didn't get the Barbara memes before, but after this one, it all makes sense now! "Groceries are eating businesses yum yum, so for those reasons I'm out." Lmao...

[@tobiramasenju6290]

Looks like you still don't get them

[@ran52475]

It’s the same reason everyone else gave just phrase differently but with that icon you’re not the brightest lmao

[@whatsinaname7289]

@@ran52475 Why? because I don't support genocide? Because I condemn the mass-murder of children? Because I want stolen land to return to its rightful owners? Get out of here with your zionist BS

[@defenderofdemocracy2231]

That is crazy

[@qtshyguy3473]

W brown guy

[@yellowrice1453]

Barbaba saying thank god. When they accepted rohans offer. Because she didn’t have to think of a reason to say she’s out.

[@1DayAllWillKnow]

She was already out

[@visheshgoyal3999]

Stop with the spoilers in the title! Omg

[@Soulfulvision1111]

Yay 🌱 💚 🙌

[@johnnydn6788]

Love love jackson's honest. Chips are bloody of the chain

[@Techraider03]

Does anyone know how they doing nowadays?

[@namu2896]

Bunny ran into a hole just to take a poop while the foxes outside were sniffing around trying to find her but instead came across a scent that was unpleasantly surprising. Hence the foxes ran into the hole and found out there was a tea party but the water was not filtered to the foxes liking so they crawled back out just to ask the hawk for advice. In a few hours the hawk came with a mouse in the tight grip of the hawk’s clawed feet and dropped it down into the Bunny’s hole and the bunny and the mouse was able to poop more together while the fox was trying to find water till this day whilst the hawk has been flying around ever since. the company is thriving because the tea party will never end if it never started

[@pokessomesmotps4327]

@@namu2896 thank you for the update

[@jamesrawlins735]

Not as well as they projected. The last report I saw they were averaging around $6 million a year in revenue. They did change the packaging - one thing I don't know if they emphasized here is that these are sweet potato chips.

[@DulsetRecords]

An Indian origin Shark invested 1.25 million $ in USA. Proud moment 🇮🇳

[@RafanKamal-el2zo]

They make the best sweet potato chips

[@psgraya2]

I don’t understand business, and maybe that’s why I find it wild that even if you Sell $10 million, you still loosing $1 million and ain’t profitable. Crazy.

[@barackmycat9448]

That`s what I was thinking. They are now doing good though.

[@jaysparc]

that's why you'll always be working at mcdonalds.

[@Ibochic1]

@@jaysparc shut up, coward.

[@jaysparc]

@@Ibochic1 If having no brains is a blessing you win.

[@vzx13]

@@jaysparc Any better workplace for someone who only trolls other in comment section?

[@rbae]

The dude looks like Rob Gronkowski and Peyton Manning fused together

[@salvagemonster3612]

It is truly amazing that privileged people can strip a third world country of their assets.

[@Sol-De-Invierno]

It's because thirld world governments get money for allowing them. And if you don't take that money, they'll fund the opposition and slander you til you end up in a car accident

[@andrewwilkins6883]

Why is Barbra even a shark? She doesn’t invest into anything.

[@dmadc8959]

She’s actually one of the most successful investors

[@SpiritualSchmuck]

That's not factually true

[@TheFanwwefan]

A shark that does not BITE

[@bigw4403]

Cuz she’s smart

[@jamesrawlins735]

She's made over 80 deals since she's been on Shark Tank. In comparison, Kevin has done over 40 deals while Mark has done over 200. Lori has over 60, Damon about the same and Robert 57.

[@carforumwanker]

Ive tasted these and they are amazing .

[@Noble_Trades.]

Is it necessary to spoil every video with your title?

[@shizzynwa]

No Mr wonderful?

[@KOKOFINANZAS]

When they say $1.25 million for a 5% stake. 🤔How is this work? can someone break it down for me please. 5% of 1.25 M = 62500 How is this amount of money paid. Thats what I want to really know.

[@arpitamishra5539]

Whenever entrepreneurs raises money, they raise it based on certain valuation of the company which considers lots of factors. So, here the entrepreneurs are rasing 1.25mil against 5% which makes the company valuation at 25 mil (1.25/5%).

[@behnamkhaleghi1668]

easy. they sell 5% of the company for $1.25 million, which implies the company is worth 1.25*100%/5% = 25 million.

[@JillMorgan-f7v]

If Rohan Oza promoted the "Vitamin Water," and any others, I tried it! I can not drink it! It must have too much citrus acid for preserving the taste(favor)! All drinks must have some CHEMICALS, to preserve the taste! The only drink I can drink is milk! People that were born in the United States and has always consumed American drinks, resort to teas! I don't know anybody that has continued drinking "any" of these drinks without having stomach-problems! If you haven't experienced stomach-problems, you don't drink it enough!

[@RUTHLESSambition5]

25 million evaluation smh

[@michaelwallen5652]

With only 51% left for them they’re close to having their family be the majority owners. Never raise money from family and friends.

[@tuckerfreeman]

you would prefer an investor over family? you have better chance of buying out family imo

[@bluntrazor2230]

Should be more than 51%, closer to 55%. 15% should also come off the 33% their family and friends own, won't all come from the 66%.

[@michaelwallen5652]

@@tuckerfreeman yes I’d prefer professionals who want a return on their money rather than family that might get lazy at which point it’s like their leeching which then turns family into enemies.

[@hermanwooster8944]

@@michaelwallen5652 Investing in a business is never leeching. They got money in return for equity.

[@saibadam]

No way they gave away 15%??? Why are they so desperate??

[@Yomamaissoo]

Another Tattooed Chef fiasco waiting to unroll :)

[@hellalmiah728]

Rohans negotiation was too cold

[@anantchandak9574]

Is he indian???

[@youtubeperson6]

According to my calculations, they gave 19% equity at a valuation that is lower that the round which would take them to another ask-for-cash, if you know what I mean. And you know. So, by giving up 15% to Kevin, they allowed Mark to permit Barbara doing what Lori wouldn't not allow Robert to do. That's my take on this episode. Do you agree?

[@CallMeNick420]

no

[@tolu1778]

I didn’t hear from them until now so they must not be doing a good job.

[@Kevil911]

The product maybe awesome but the branding is craptasticly bland

[@jamesrawlins735]

I kind of agree - not very impressive packaging and branding. I've actually tried the chips but my main problem is that they are sweet potato chips, and no matter what you do, I'm not a huge fan.

[@hkr321hkr]

I buy generic, broke.

[@mathew3267]

Organic = tastes like dirt.

[@rbae]

Maybe whoever makes or chooses your food has a dirt palette bc organic usually just means no pesticides or other chemicals

[@hermanwooster8944]

Some organic products are like that. Some aren't. Always check the ingredients label to know what you're eating. The fancy "organic!" label alone is worthless.

[@jamesrawlins735]

These are actually pretty good, but I'm not a big fan of sweet potato chips.

[@chrixMiller]

Nice that Kevin's missing!

[@bradley3232]

They're liars..

[@bradley3232]

Use your child to promote a business.....

[@bigw4403]

Bro who are u 😂😂

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