Sharks Discover Missing Trademark "You Don't Even Own Your OWN Name!" | Shark Tank AUS

[@prateeksabharwal7325]

Things to get before you go for a pitch: Trademarks; Patents (if applicable) Numbers to know before you go for a pitch: 1. Amount you have put in till date. 2. Break up of the money spent. 3. Cost to produce per unit (in case of a product) 4. Sales of each year. 5. Sales growth. 6. Customer acquisition cost. 7. Customer re-order rate. 8. Customer drop out rate. 9. Profit margin. 10. Scope of decrease in cost/increase in margin. 11. Projection for next 3 years and the basis of valuation. 12. What you need the money for. 13. What expertise you look for from the shark.

[@CW86228]

Good list some of these episodes I can't believe how unprepared people are while asking for an investment. 🤦

[@danielwarrick995]

Also, know where you live or come from so Steve is happy.

[@abhishekpradhan6414]

That's a very comprehensive list you made

[@jayakumarramachandran733]

Very comprehensive list for anyone who is starting a business. Well done.Thanks

[@worfsonofmogh1154]

And most importantly, if you cannot recall one of those numbers off the top of your head, it's okay to have your stats typed up. Nobody would fault you for wanting to be accurate with the figures.

[@RaviShankar-ud5cu]

Looks like Andrew has gone from a Shark to a Host / Summarizer

[@cameronwallis7024]

Haven’t seen him even come close to considering putting out an offer.

[@business9024]

That happened awhile ago already.

[@JewTube001]

they should fire the useless fat woman since Andrew does most of the hosting anyway.

[@sd-cc-gg]

I like his summaries because I m myself lost with all the offers and need comparisons to evaluate the loss and profit.

[@ethank5681]

That’s always been his schtick, much like Steve where abouts ya from mate

[@breepav7757]

i can't believe steve is finally interested in a health food business

[@SirPeterlll]

It's not the same old vegan gluten free crap that they are selling. Seems decent normal food.

[@jaymackenzie7266]

Because they are queenslanders

[@rizalukman7982]

Yes because health food business is a growing industry and most of the shark has already got Investment portfolio in these industries

[@jaymackenzie7266]

@bitterman co food cholesterol has very little affect on blood cholesterol you moron.

[@jaymackenzie7266]

@bitterman co I bet you also think that eating fat will make you fat.

[@webster7222]

"Oh god here we go" Gotta love steve

[@AlishaArlene]

You really do. 😂😂😂

[@thebeast976]

Glen took off his glasses hes out

[@shshshbsshja4125]

Who the hell makes a company and doesn’t trademark it 🤣😵

[@marks6663]

most people do not trademark their businesses. You think Joe's Plumbing and HVAC LTD has a trademark?

[@Domkica]

Yeah bro because that is a shitload of money.

[@ThahnG413]

@@marks6663 you have a point but if you go on shark tank without a trademark you are asking for trouble

[@willschofield1210]

Dol $900 for 10 years . That’s through a second party I believe you can do it cheaper yourself . That’s crazy cheap compared to renaming and branding your company .

[@MitchellTF]

People who don't expect their business to become national...In this case? They're basically saying "Our business will become national"...

[@FaizalMun]

Janine was gonna accept 20% for 200k with repayment, they ended up giving extra 5% under pressure 😂

[@badmanno.1650]

They didn't know how to negotiate... It's a skill

[@tamparockout17]

Lmao very true, but it DOES drop to 15% after repayment, which is fair enough

[@ravgill6156]

Honestly that part isn’t that important considering it drops to 10% equity once the $200k is repaid, so no considerable difference, as there was no mention of what the after repayment amount would be

[@trudoug]

Why do you give it away?

[@jaynebutler3342]

But they get 2 dragons. That's worth an awful lot.

[@SalaarArifKhan]

Cant believe they accepted the offer when all they needed was some basic analytics!

[@SirPeterlll]

They are getting 2 good sharks. They would be stupid not to accept it.

[@sbIvanov]

Actually, it is not as easy as you think! Have in mind that those people are just restauranteur. They are good at making nice and tasty food, to at running a business. Also, in the beginning, they started: We need the money and we need a mentor.

[@stephensymington6182]

do you provide analytics? if so i need to speak to you

[@SalaarArifKhan]

@@stephensymington6182 Sure, how may I help?

[@stephensymington6182]

@@SalaarArifKhan email [e-mail] please to discuss

[@zgmedia4780]

"Fresh" microwave meals! Gordon Ramsay would be furious 🤣

[@cspace1234nz]

my first thought too, people don't know what 'fresh' is anymore.

[@kuling12345]

@@cspace1234nzCmon m8, its fresh frozen, chef Mikes signature dish. If it contains fresh, then it must be fresh, prove me and chef Mike wrong

[@alanalilley3037]

@@cspace1234nz I eat fresh kiwis I catch them at night

[@levidunton483]

Fresh frozen lol. I see someone has been down the same rabbit hole binging as i have lol

[@zgmedia4780]

@@levidunton483 I might open up a restaurant called "fresh frozen" 😂

[@Truth_seeker_24]

Cost few hundred dollars to TM in Australia so i'm very surprised they haven't TM'ed!

[@nath-wp7xp]

How tf do you not trademark your name? It’s legit one of the first things you do when setting up a business.

[@marks6663]

Registering a business name is not the same as trademarking it.

[@nath-wp7xp]

A Common Man this isn’t some corner shop deli. This is a business with large ambitions with the aim to expand into the largest city in Australia and then every major capital city, and they didn’t trademark their name? You’re a stupid man if you don’t understand a flaw in that.

[@randomrangoon5476]

@@nath-wp7xp lol exactly

[@Locutus]

@@nath-wp7xp You have obviously never run a business.

[@mranonymous7183]

@@nath-wp7xp 98% of trademarks in the U.S. aren't registered. Unless you are going national, like NOW, it's just not typically done. blog.traklight.com/98-percent-of-trademarks-in-the-u.s.-are-never-registered

[@RiverDanube]

Registering a business name and obtaining a trademark for that business name are two seperate things here in Australia.

[@rickyjanzen6684]

How hard is it to trademark? Seems this happens a few times and the sharks always majorly balk at it and is a reason they frequently back out. If it's a fairly simple and cheap process, just make it a term of the deal and it should be sorted pretty easily.

[@MrAnderson3]

Naomi: you know for me, that was the completely wrong answer.. I'm looking for a company that I can invest $1 or less in to and make money off it. For that reason, I'm out

[@InfoSopher]

WTF. I can't even understand some of the things that are said in the quieter segments because of the music. Like 9:45

[@stephen3164]

How much time do the sharks actually give to their businesses? You watch a season, and see a single shark invest in 10 different companies, plus their own businesses - I really wonder if you get more than 1 phone call per month.

[@bryanponce5560]

Most deals fall apart often the negotiations that happen behind the scene.

[@Locutus]

That's not a bad deal. I knew the Sharks wouldn't take 20% straight. The royalty will sting at first, but once it's gone, you will wonder what all the hoohar was about.

[@carlpion1424]

Most startups will not invest in the cost of a trademark until such time it is necessary. It is important however to do a name search and if clear you can register the name in your country as a domain name, which would serve as protection in the eyes of the law in the event you are involved in any legal actions

[@csanton3946]

yeah i do agree at the least start ups just check if the their operating name has ana existing trademark just to be sure their notstepping against anyone

[@Clo_Dub]

The music playing underneath - constantly - is so annoying.

[@deantoh7019]

they should've put the deal contingent of them getting their business name trademarked. 😞

[@_ray225]

A lot of deals don't go through thooo

[@cspace1234nz]

Most deals were never completed after due diligence, it became a bit of a joke so who really cares ?

[@TheFrogInYourClosetWatchingYou]

Im sure they probably done that before the episode even aired.

[@vorpal22]

Are we sure that Jenny from Dragons' Den and Naomi aren't the same person? Has anyone seen them in a room together?

[@ThebigGametDad]

I dont get it in aus you register the buisness name with the government and you can check this on the website if name is free and you pay a fee each year to keep it. Thats if the name is available to trade in aus.

[@Locutus]

Registered name and trademark are different. If I call my company Shark Tank LTD, I can check the database to see if Shark Tank LTD if free. If it's free - happy days, I can register it. Now, someone called Dragons' Den LTD may actually have a trademark called "Shark Tank" and that's what they use to brand their TV shows as. Think of Apple and iPhone - there is no company called iPhone. iPhone is a trademark of Cisco Systems, Inc, and Cisco licences the iPhone trademark out to Apple. A trademark can be the name of a product, or a slogan, a logo, even a name of business. Does that help?

[@ThebigGametDad]

@@Locutus thanks for the explanation.

[@QUANTUMJOKER]

Correct me if I'm wrong, but doesn't equity in a company facilitate the repayment of the investment anyway? So why demand equity AND a repayment plan?

[@dylaninho2500]

I said it once and I’ll say it again. I wear red, so, you guessed it, I’m out!

[@DakshJuneja]

😂

[@-alaoance6629]

gotta love how the title implies so much more emphasis than the way the shark actually says it

[@Orochi_001]

This lady wondered if other people also didn’t have time to cook, and were having their chefs prepare meals that they’d heat later.

[@PenisHole4Life]

Never stop making these videos!!! They great mates

[@invertedname3099]

The show still on?

[@FarshadSadri]

It's like getting advantage of good people!

[@chinchillamdgamer]

Don't worry the deal actually didn't take place

[@ellejaemusic]

@@chinchillamdgamer how do you know that?

[@moxxiesrh]

Jesus Naomi is the worst. The only time she makes an offer is when she thinks she can take advantage of the people. Entrepreneur: I'm looking for 50k for 20% equity Naomi: i'll give 50k as a loan and then i want 50% of your company and your first born child Entrepreneur: Can we at least keep our first born? Naomi: No, this will be a lot of work for me. I cant just give my services away for free She is a horrible human being. I love that Steve seems to hate her

[@imfamouswarrior2976]

i dont think these people understood royalties to come back in with that counter offer lol

[@danielp28]

What a silly premise. You dont own your name if you dont own the .com - a trademark is not unique and rarely enforceable. Common law is enough paired with an expensive .com instead.

[@potatotomatoe]

The trademark issue is not really an issue. They've been using the name for 3 years and own the domain. Common law will cover them.

[@worfsonofmogh1154]

Yeah, but that doesn't mean somebody won't sue anyway. Legal fees and time dealing with even a frivolous case and insurance is quite costly---not to mention if somebody saw the show and exploited the opportunity.

[@potatotomatoe]

​@@worfsonofmogh1154 Still should not be an issue for the investor in this case. If they weren't sued before coming to the tank (which seems to be the case), then they can file it after coming to the tank (before the episode aired). My point still holds that they essentially own the trademark under common law and will just have to formalize it. Is it bad they don't "own" the trademark? Yeah. But to act like everything hinges on it (i.e. Jeanine) is quite ridiculous.

[@exoduscodm7807]

In less than 2 months this business jumped to 4.1M US dollars

[@ALEXMGFASHION]

You know that there is something seriously wrong with our world when people don’t have time to cook their own food and having to eat ready meals from the microwave!

[@psoteriou3884]

Not to mention all the plastic packaging that more often than not goes straight to landfill

[@ALEXMGFASHION]

p soteriou agree

[@koglioknows]

I haven't owned a microwave in 15 years. There are always better alternatives to heating frozen food.👍

[@melissamcclain34]

The deal with Janine and Steve never went through but the business is valued at 5 Million Dollars

[@thevan3293]

The ridiculously loud music is so Off putting.

[@MegaCONTLA]

25% for accounting team? 20% royalty for business advise? No trade mark? These guys are really naive...

[@kzip2009]

Steve really is the show

[@tgchikukwa6947]

25 per cent for 200k is very good offer from two sharks

[@shawtop]

Trademark people, trademark. 👍🏻💯

[@Domkica]

If you got a product which only you can make no trademark needed lol.

[@mranonymous7183]

Most businesses never trademark, and don't need to. They were operating locally only, so no need. It's something they should look at when expanding nationally, but they obviously weren't there yet when they went on the show.

[@mattv3395]

Stfu and go play golf let the business people make their own decisions 👍🏻💯

[@mohammadal-hajhassan6584]

Andrew’s job in the tank is to calculate the valuation of the company, ONLY when it is a multiple of 10 of the ask and sound like he is a badass mathematician, and then goes I AM OUT. He needs to be in a “gold fish” tank along with Naomi

[@yep7748]

Andrew invests in bigger businesses and business he can bring into the states

[@greenones8754]

-Gordon voice- Yeah, so, guys it's bland, not an ounce of seasoning and WHERE IS THE F*CKING LAMBSAUCE!!!!

[@kelvinmathew6076]

both brothers and wives who are blonde and have the same hairstyle. They're basically Australian Amish couples.

[@whiteshadow5088]

😂😂😂

[@davidanthony7495]

Those clothes must be getting smelly by now....

[@lennyalfaro2126]

Free equity!!!

[@LasseLundster]

It really feels like they did every episode in 2-3 days because the sharks are wearing all the same clothes

[@Kris_Aalst]

I have no idea how many days the filming of a season of ST takes, but it has indeed been revealed that the sharks are to wear the same clothes so they can splice reactions of them into different pitches when editing the show. That's television for you... ;-)

[@DrakeOola]

@@Kris_Aalst That's actually extremely common in the entertainment business... Most of the pitches/acts in a season weren't even filmed in the same day, month, or even year and they're never shown sequentially in the order they were filmed in... They mix and match to whatever theme they're trying to portray or for whatever narrative they want to push and they also reorder them to space out the deals and the flops

[@Kris_Aalst]

@@DrakeOola Ik know, that's why I wrote what I wrote 😉

[@gregorythompson6521]

Fricken Unbelievable ,, Im glad i keep my life simple . Single and simple, NO dept, I refuse to borrow money, learnt that a long time ago on a car loan ,, OH pay back at least 5 times what u borrowed .NEVER AGAIN . Simple and FREE ! ! Ahhhh i can take deep breaths now of FREEDOM .

[@AussieLarrikan]

The Fresh logo is too much like Hello Fresh 🤔

[@ethank5681]

Only in Australia do they do these dodgy free equity deals

[@thabobonile5252]

Lol, What Glen Said... It Is Basically For Free Though.

[@zz-jj9sc]

Networking and experience is worth far more than 10% in your company.

[@shawtop]

@@zz-jj9sc definitely

[@thabobonile5252]

@@zz-jj9sc I Hear You. And I Agree

[@richardodriscoll5379]

They aren't investing just to get their money back.

[@catman2484]

Absolutely right... A dreadful deal to accept. They are a company making 9% on 528k per annum, and they've not only just handcuffed themselves, they'll get stung for 10% with no financial input once the handcuffs are released. Glen should have emphasized the point more strongly. Janine is poisonous... every deal she offers on this programme is scandalous. I wish the couple well, but they will live to regret this.

[@bobbyknuckles1457]

Google says Naomi's net worth Is roughly 1-5 million ..... Wtf

[@deadlydread77]

the deal didn't go through.

[@Lilwillv95]

This looks like hello fresh from the US

[@rachmadsuhartono]

Isn't opening a new branch will drive them further, Naomi?

[@chinchillamdgamer]

This was a real shark deal.... At least I'm glad it didn't go thru

[@mohamedzubair3326]

How tf did they not mention HOW MUCH royalty was to be paid? With the COGs at 38% already, I don't think their business could support a royalty. Cash Flow doesn't look too great either. And also does the royalty go away after the repay the loan or is it till perpetuity? So confusing

[@jexter22]

Royalty will be gone after repayment i guess. It'll be back to 10% equity after the loan has been paid

[@mohamedzubair3326]

@@jexter22 I would imaging that too, but that comment from Ben that you want a free 10% got me thinking otherwise!

[@WWERULES001]

mohamed zubair in a way the sharks are smart. Realistically with the royaltirs they receive its like they have a bigger stake for many years to come to compensate for the drop in equity.

[@mohamedzubair3326]

@@WWERULES001 mate that's the whole point! Everyone is smart when looking out for themselves! The question is did the other guys get duped?

[@mohamedzubair3326]

@Rudra Pratap Singh that's makes sense mate, wouldn't imagine it would have gone through. Too many moving parts

[@philindeblanc]

the music of these shows are just so annoying, i can hardly stay watching.

[@michaelolson6982]

Janine was out,most den shows once you are out you are out and can not re-enter the negotiations.

[@TheFrogInYourClosetWatchingYou]

10:20 shows how much you value the business... You just want in it short term to drain it dry with royalties while its booming in sales from airing on tv

[@TherealElijhawatkins]

8:47

[@mysticfakir2029]

This is a terrible deal. Giving 25% of their company for a 200k loan and some advisory services is terrible. Sharks smelled blood.

[@SpydersByte]

well, it drops to 10% once the loan has been repaid

[@DrakeOola]

You clearly understood nothing about the deal... It drops to 10% when 'paid off' and they also have no obligation to pay it off if the business flops. They have to give a portion of profit from each sale but by the time it gets paid off they'll already be swimming in money. 200k dollars basically risk free and they ONLY pay it off if the business is successful plus they get all the contacts and experience of the sharks they're working with and the public exposure from the tv episode... Completely invaluable and it's only 10% of the company when having two sharks is guaranteed to double or triple the business exposure easily. You're stupid if you think that's a bad deal...

[@mysticfakir2029]

@@DrakeOola I'm not rewatching this some 10 months later to argue the point, but I will say you are stupid for thinking this is an appropriate way to talk to people. No 'if's required. It's a fact.

[@Smood47]

Janine's jewellery on her right hand is horrible.

[@michalwalks]

She took it from a previous entreupruener that didn't make his monthly repayment back in full.

[@psoteriou3884]

At first glance it looks like a bandage

[@mli3793]

I don't know if this was a good deal or not. It all depends on how much time they needed from the dragons 🤔

[@praneetharugula9556]

Meowdy Partner wrong vid mate, you are on the shark tank 😅

[@matthewbell4273]

Ben did all right for himself

[@kfner23]

you're saying that i can trademark the name just out of pettiness? ite bet

[@getin3949]

It's already been done folks.

[@iiferedoncXclan]

Im getting sick of this health food seriously it's so boring get original.

[@Punjaboom]

@Anonymous Black Belt thanks for the idea

[@johntrevors1029]

So they are now consultants then.

[@adamfrew6699]

Great idea......I'm in!

[@oneheadlight8000]

Fresh meals ready to microwave lol

[@lisaparrey1343]

so original NOT. There are so many out there doing it now, so that's what Andrew meant about Barriers to Entry.

[@oneheadlight8000]

@@lisaparrey1343 You are right. Good point! Was just making a joke.

[@DaveTexas]

Naomi: I heard The Bee Gees on the radio last month. And for that reason, I’m out.

[@baimken3001]

I love to see when 🦈 attack each other 😅

[@dannie92]

Yet another healthy foods company

[@hazemghoraba9115]

The choice of music editors select to put during pitches makes me feel like I'm going to see something extremely successful and will move the whole human kind to Mars or sth! WTH! enhance your choises please!

[@randomrangoon5476]

That's so true man

[@RVBOY2]

Holy phuck that wife is terrified!!

[@garbygarb31]

There's 1000 of these businesses. I'm so sick of them

[@numinumful3815]

another team that will probably will not get a dime

[@csanton3946]

These sharks are good at making excuses. Glen says valuation of 8x earnings, i mean whats wrong with that have you seen the market valuations out there 15x earnings on average. These sharks are all looking for a bargain deail to be honest. if they like it, theyd go 30-40 percent and janine would come up with all these risk factors and her value just to justify that

[@sergiog2930]

Yes this is a real Allis deal 🐍

[@somalichess]

I really like the woman in the tunnel

[@bj.reo87]

Is it me or do the girls look like they could be sisters?

[@robertpeters2741]

BJ Reo, it's you

[@keepitreal4046]

And they went out of business 🤦🏼‍♂️

[@silver_surfin7270]

Nice.

[@barteatmyshorts8252]

Oooo good here we go 🤣

[@Ethan-wi1oy]

hi out, im dad

[@AlboresNiurulu]

Fresh meals 4 U.org

[@jameshopson3402]

Replace Andrew with someone that actually makes offers.

[@invictuz4803]

Janine got triggered lol.

[@Sidecontrol1234]

hmmm I thought they would of said ill make you an offer pending on you're able to trademark your company? The outcome kinda doesn't make sense after the trademark revelation.

[@pattglass4782]

I've only recently started watching shark tank Australia and one thing I've noticed on there that I really have a problem with is that so many deals that are offered on the air never go through it seems there's more of those that don't go through then do so why even bother to have a show if you're really not going to help them

[@animefan7424]

That happens with most versions

[@foodbiteph]

yummy foods❤😍

[@pepinaso16]

The lady in the red has been more out than i have and for that reason I’m out- barbara

[@Candlemantle]

Hello fresh anyone??

[@TheFrogInYourClosetWatchingYou]

what a terrible deal

[@karimbalkajian1689]

BLACK LIVES MATTER✊🏿✊🏾✊🏽🙏🏿🙏🏾🙏🏽 RIP GEORGE FLOYD 🕊

[@wanderingalba5077]

🙏🙏🙏🙏🙏💯👊👍

[@marks6663]

George Floyd was a criminal with a violent past. On the other hand, a white woman who called police in Minneapolis several years ago was shot dead for no reason by a black cop. That cop is now in jail. But nobody rioted about that. Because nobody cares when white people get killed by the police.

[@SirPeterlll]

Black ppl rioting while white ppl going to space today.

[@SiLoMixMaster]

@@marks6663 Wow what a complete fucking idiot you are

[@GirlycarDawn]

@@SiLoMixMaster And what a genius you are.

[@gerardoixehuatl6776]

👏👏👏👏👏

[@ANDIMILLS1]

They would have been bloody stupid to refuse that offer.

[@badmanno.1650]

They got robbed

[@falgunpatil2372]

The deals, $$ involved, ideas, the quality of sharks everything is really substandard compared to Shark Tank USA.

[@cdnhawk65]

Minnow Tank

[@thabonyoni7331]

So these guys own 25% of their for nothing 😂