Sharks Jealous of 21 Year Old's Unbelievable Monthly Income | Shark Tank AUS

[@colin1528]

Did some research into what happened after the shark tank deal. Since then her business has grown by almost 100% and she’s made 8 million in renting dresses.

[@alannovaes8386]

Colin glad to hear it

[@Apeiron2043]

The article says she has rented out the retail equivalent of 8 million dollars. That is very different then actually making 8 million dollars.

[@alexvids9232]

@@Apeiron2043 she said its 50% profit so $4,000,000

[@white00joe]

AlexVids I think that means it means it would've been 8 million dollars if she were actually selling the dresses. But since she rents them out for about 18-20% of retail cost it would be about $1440000-$1600000.

[@rachaeltisor3693]

thanks for researching that. woah

[@vamsivamsi2205]

she: *pitched her business* shark: *pitched her son*

[@coldclearblue6350]

Yeah she was impressed with and her and knows she’ll be good for her son. Haha

[@hroaktree6379]

Stonks📈📈📈

[@booted4658]

Didn't even describe her pitch, smh

[@ikit3460]

Son: Pitched a tent

[@kathe.o.]

Vamsi, 🤣 so true

[@kairiperez9650]

I came looking for actual sharks in a tank and for that reason, I’m out.

[@baileyholt925]

Your my new bestie. That comment made me laugh so hard

[@PhanyPacker]

@@baileyholt925 right I’m like girl shut up 😂

[@randomnetizen3681]

😂😂😂

[@mld5614]

You can only found them in the sea

[@Noodlesdoodles19]

Me too I thought they meant the real sharks. And as soon as I didn't see anything sharks I left.

[@teerthupadhyay3931]

$80k for 20% was already such a steal deal which they leveraged it to 40% the moment they realized she has undervalued her offer in 1st place.

[@ronazan87]

Sharks for a reason lol

[@ava_adamsg]

80k isn’t a lot for 20%. She could have asked 250k for around 25-30

[@williamgil2602]

Big dummy dummy doesnt understand that sharks dont just bring cash to the table? They are stating that their network, experience, and resources are worth that much money. Imo the girl got a steal by being able to work with those two sharks.

[@LemuriaGames]

This. It was painful to see five adult people tricking a young girl. The deal was already great, and 80k is funny money for an investor.

[@rosoladadeeryl]

@@LemuriaGames its not just about the money. It's about the connections and experience. With her age she will learn million dollar lessons from the sharks

[@samsonlei3898]

her: *earning 35k a month* me: *on the couch watching someone earn 35k*

[@ferdinandbeckley1737]

samson lei bruh

[@mikeb5352]

The company is getting $35k in revenue-she isn't making $35k a month.

[@Robert-cu9bm]

@@mikeb5352 It's more 15k-20k profit.

[@mikeb5352]

@@Robert-cu9bm I doubt it. She is buying $1k+ dresses and needs multiples in multiple sizes. Easily $10k or more per style. And styles are constantly changing, so she has to continue buying new stuff every year. And she isn't even paying for a warehouse right now.

[@chickengaming6593]

Me over here saving money since Christmas and still has 27 dollars

[@mallorywestwood]

Australian sharks are like dolphins, they are so polite.

[@noopplaysgames8162]

They are sharks in disguise though based on the deal she got lol

[@a.s945]

Have you ever met a horny dolphin???

[@Beerme-pl2ml]

But can kill a crock with a single blow

[@hypebunny]

Muhahahah 😂😂😂👍

[@mattmason1986]

What if yur a guy wanting a dress

[@cr5678]

“I’m just like any other 20 year old girl” - everyone who is not like other 20 year old girls.

[@ilan9588]

„I‘m not like all the other 20 year old girls“ -everyone who is like all the other 20 year old girls

[@Alex-yz8gm]

@@ilan9588 "I'm not like everyone who says theyre just like all the other 20 year old girls" -everyone who says theyre not like everyone who says theyre just like all the other 20 year old girls

[@DietscheMejal1]

Christopher Rule every other girl: “iM nOt liKe oTheR giRlz”

[@jocelynjuspandi8115]

She definitely way too smart and wise for a 20 yo! 🔥

[@forestbathing4443]

20 going on 55.... Is soooo Practical ~ I just love it. And omg she is brilliant.

[@sia.offline]

why were they surprised that who damages the dresses has to pay for it?? literally every business like that does the same and it's the most logical thing to do

[@bvnny1379]

This

[@akes9793]

It’s because she said “small fee”, if she said you have to buy it at whole price, it would be no further question.

[@yPokeKiller08]

@@akes9793 Pretty sure she meant the original price + a small fee to accommodate for back and forth shipping/insurance.

[@sagarboedhan9397]

It sounds easy but it isn't. There are a LOT of little aspects.

[@sploofmcsterra4786]

Just the editing probably.

[@liltroglodyte5830]

They took advantage of the fact that she’s young and naive, 80k for 40% isn’t worth it.

[@vince7735]

They explained their reasons. She's still going to become wealthy so who cares?

[@dragonstale3911]

@@vince7735 yeah but at that point would you rather want 1000000$ or 2000000$. Pretty obvious answer.

[@kizubluu674]

Haroldas Giedraitis Exactly, most of the deals they slap on these helpless people end up as a flop on the businesses behalf anyway

[@kizubluu674]

Vince W You can’t just “get wealthy” from an investment :/

[@CCBTL]

Whoever is going against this is crazy. To have both of those women on board is hitting a massive goal.

[@javedm.01]

40%, You are just being greedy now, this girl didn't need you but she wanted someone with experience to help her grow the business, I don't like how this turned out.

[@matthewsims1561]

They are there to make money for themselves not to make people happy

[@birdatbattlefield]

Look at this business expert here. Hes probably a multi millionaire telling successful people how to invest money. Experience and connections cost money you dolt.

[@angelo7646]

Her company had made over 8million in revenue since

[@Furyhunter85]

@@matthewsims1561 35k 35k and 36k last 3 months with 55% profit seems like a small investment putting in 80K for 40% ownership , its almost 100% certain with experienced partners those numbers will grow , but like the blonde woman pointed out, she needs to get logistics sorted at this point in her business, so she really needed the money. the deal in the end was better, with all the extra perks

[@nakedmidgetmauluser7684]

yea.... she's making 35k per month at the time this was aired, and they wanted 40% of that.... I don't think that their experience is worth that because within a couple months she would of made that but it would of just took a bit more time to get the warehouse and everything settles without the sharks. I feel like it was a waste

[@spacethunder2411]

If she’s got over 15k profit each month she could’ve gone without such a terrible offer.

[@iamnotarealboy]

It's less about the money and more about the experience and marketing benefits they'll gain

[@nathanielcollins3429]

Her profit margin is closer to 19k a month. The other 45% is overhead, meaning all expenses including income tax is included in that 45% of expenses. So the business is cranking out 19k to 20k in profit per month.

[@nathanielcollins3429]

@baby bean _ depends on how you try to grow, if she hires 1 person at an Australian minimum wage ($14.14 usd) her expenses on said employee would be roughly $2,300 a month. That Calc is based on a 40 hour work week. If she plays her cards right and doesn't try to grow to fast, that would be no problem for her business.

[@jchamberlainhome]

With their connections and experience they will escape her up 100 to 200% and that 30-40k a month turns into 300k all of the sudden.

[@Trevco]

Yes.

[@nachoietaco6289]

Naomi should try this out, might be able to arrive to the tank in something other than that red dress.

[@abigailwilson8717]

💀

[@irfanraza-lz3ye]

BOOM

[@sarahheetz5259]

SAVAGE😂

[@LilyBe3]

Ouch haha

[@stanyon]

They have to wear the same each episode for editing purposes

[@jackchamberlain]

she got manipulated. they devalued her company by half with that ridiculous offer! she should have negotiated a buy back clause

[@Tadamss]

They did, didn't they? The equity deal or something

[@jackchamberlain]

@@Tadamss not the same thing. The buy back clause is when the sharks make their money back they reduce their percentage. The equity just means she can take money out of the business for a wage

[@maxflores2798]

They honestly did

[@SH-so4mt]

J Chambo thats how you do business bitch...

[@Tadamss]

Ah fair enough :)

[@joeldowlearn5729]

“So the small fee is that they have to buy the whole dress?” “Ye” *laughs in rich*

[@ljks1993]

Oh man this made my night

[@nickv2167]

This comment wins

[@Partypup-123]

Joel Dowlearn Laughs in rich 😆😆😆

[@mktv3036]

😂😂

[@queenjeski591]

Jurica Sambol they have to pay for the whole dress if they damage it! the 20% is the rental cost.

[@ethancroft2560]

Girl: "I'm 20." Title of video: "21 year old"

[@AlvaroVera93]

She grew up

[@haydennoyes2073]

I think she said a girl in her 20s

[@arvin.realtor]

ure under lockdown arent u?

[@coltonsupergame]

Hayden Noyes Nope in the video she explicitly said she’s 20.

[@andytaylor1588]

@@haydennoyes2073 watch the video again.

[@ameyb9241]

One thing I have noticed, all these young Entrepreneurs or actually all entrepreneurs have a very good relationship with their parents and are obedient. Props to them.

[@rattusnorvegicus4380]

Yes, I spotted that on ST America

[@caramelsunday8858]

probably cuz theyre rich or smtn lol

[@heisrichkidy3448]

🙏

[@coldclearblue6350]

Ephesians 6:1-3,. Even if you don’t believe in the Bible, it is a basic principle filled with truth. They are obedient and humble enough to listen to their parent’s advices , not acting like a know it all, then their personal lives are blessed and their businesses are flourishing.

[@matt-oq7kb]

The nuclear family is good

[@christopheraimi3293]

She took a business model that has been around here the States for years, & created one in her country. Good for her.

[@marciacole2147]

Rent the Runway

[@ktgirl2288]

I was bout to sayyyyy! I was like hmmm I’ve heard this before lol

[@SH-so4mt]

Christopher Aimi its just like amazon and alibaba

[@newport5504]

I live In aus been here for years

[@aleilah]

The episode is really old, we have heaps of businesses like this one in Australia.

[@popspopsss3477]

This isn’t the American shark tank and for that reason I’m out

[@josuemartin4568]

Pops Popsss LMAOOO

[@AntHawk]

LOOL

[@madisonroberts2521]

-Barbara

[@AdamKyleAnderson]

Its not Dragons Den, for that reason I am out.

[@gracethompson892]

Ok than Barbara. LOL

[@Shawn-eq8zw]

She’ll be much more successful in the US. Especially in Southern California.

[@texasgermancowgirl]

Shawn6466 right but it already exists here with rent the runway so she’d be crushed by competition

[@briggyb]

@@texasgermancowgirl exactly. We've been using them for years.

[@magpie6376]

Yea probably the population in California is bigger than the population of Australia

[@仲直毅]

why southern california?

[@briggyb]

@@仲直毅 that's where Los Angeles and Beverly Hills are.

[@elsieekim]

I feel bad for the models...they just awkwardly stand there smiling and watching (edit) thanks for all of the likes 👍

[@kevindahlby6779]

Thats what models do, isn't it? 😆

[@moreevents4335]

it shows how professional the models are, don't it.

[@wood_barrel]

I tried it while I was home alone and I still can't last 2 minutes.

[@dynamicheatwave9949]

omg yh they should have been let out lol

[@Connor.l5165]

Ikr

[@ar3463]

She needs to rent suits out too. She would make twice the profit if she was inclusive of her brand to men

[@apatheticAnxiety]

Guys would destroy the suits

[@moppitukka3253]

apatheticAnxiety I mean a lot of men own suits though, because its socially acceptable to use the same suits which matches the few dress codes men are given to formal occasions. Ive rented a suit only once and that was because the correct dress code was a specific suit (which is used by doctorates in Finland, and in some other occasions). Other than that 2 suits and a few accessories can 100% cut it. The market is so much larger when aimed at women.

[@modest_mind2526]

@@apatheticAnxiety awesome, then they pay full price for the suit.

[@kekw5153]

A suit is easier to take care of than a dress right

[@BR0KEdownUNDER]

How do you figure that? Guys don't rent suits in the same quantity that women rent dresses. I don't even wear a suit to work and I own two.

[@luhole]

“Sharks jealous of 21 year old’s unbelievable income”... She’s 20 and she doesn’t take a salary.

[@Mayank-kf2he]

Bro are you a bit slow

[@luhole]

@@Mayank-kf2he Business profits are not the same as an income. 20 is not the same as 21. What's unclear to you?

[@Aleyna-fc5ql]

She literally said she’s not taking a wage

[@nofurtherwest3474]

mayank singh explain

[@mazriuelas6654]

@@luhole she didnt need a wage

[@oliverodonoghue5092]

Really felt like she was bullied into making that awful deal

[@YWChyi82]

Oliver O'Donoghue it’s business. That’s what it is doing business with partners. And it’s long term not short term.

[@ky1eeeeeeee]

yeah lol

[@Trevco]

This video demonstrates a good reason to stay away from investors.

[@yourboiD]

Smh. Sad how people do people. Its all about money.

[@outdoorgames4230]

@baby bean _ You're a moron. You live in a socialist country and know nothing about business. Females generally tend to work for less, so her business may very well be successful. If she treats her customer base well (which she does), then she has nothing to worry about. Only losers like you fail in business because you lack proper customer service skills.

[@TheBrass18]

The numbers she has are actually incredible! For such a small country like Australia in population size, she is doing well. She be literally doing 3times better if she was in higher density places like Netherlands or New York/LA/Mumbai.

[@B_Bodziak]

The US already has a similar biz model that's been around almost 15 years called"Rent the Runway". The company rents out gowns, handbags, shoes and accessories. If you order a size 8 dress, they send you a 6, 8, and 10 just to be sure one will fit.

[@JuarezDerrick]

"she be literally" 😂

[@mma_library]

Shark's Jealous of 21 Year Old's..... "How old are you?" "I'm 20" Lol

[@Faris_ytt]

Top Videos Now ikr

[@StreetWearFr]

They wasted a chance to make a better clickbait title video...

[@chriscrocvlogs]

Hmmm didn’t consider that this was put up WHEN she turned 21? They have to be accurate for media law, Australia’s weird.

[@RiamuBerru]

@@chriscrocvlogs you're on yt my friend not channel 9

[@chriscrocvlogs]

Liam Bell I’m not Australian so I don’t know what channel 9 is. “My friend”.

[@katripp6054]

They should be ashamed of themselves wanting 40% greed is not pretty

[@mrtoad1408]

Dont take the deal then. You have mixed emotion with business which doesn't work.

[@snhanthavong]

Capitalism

[@mareyl4333]

Kat Ripp business is greedy and emotion is foolish she was a gold fish thrown into water with sharks she shouldn’t have taken it

[@TruztNoI]

It seems they will take over of her business sounds the girl will end out losing her idea... It is more easy to take a load from a bank with low interest to increase business to get to people and get screw her own value..

[@TruztNoI]

@M T it is my life experience drag me down with it...

[@deaddummy538]

40% is such a ripoff. Really insulting offer imo

[@goodkisser8591]

Tom De Bruin you’re 100% correct - assuming you’re ignorantly only considering projected revenue as a means of valuing a business. When factoring in the necessary reinvestments to solve the scalability and logistical issues, 40% is very fair.

[@tadm123]

@@goodkisser8591 that's still not worth almost half of her business, that's insane, she undervalued her company in the first place

[@deaddummy538]

@@goodkisser8591 Although I mostly agree with you. They could have also offered her a loan or royalty fee instead of taking ownership of 40% of her company which is in my opinion a big hit considering future growth. Also she undervalued her company in the first place so 80k for 40% seems like very little money for a company with that potential and which had already proven it legitamicy in estimated revenue.

[@anasmouada9538]

@@goodkisser8591 They capitalized on her lack of experience, she got played like a fiddle

[@reglentless1]

- The "home" business has 82k debt and no business premises - Has only 3 months proven turnover in what *may* prove to be a seasonal business - Is run by a 20 year old with no track record. - The only thing backing her valuation is that it has 200k assets (dresses). So the offer isn't that bad in my opinion, combining their added value, assumed continued investment and access to capital, along with the experience makes 40% of a larger business - a pretty reasonable offer, albeit slightly pricy. The sharks got another 5-10% because of her inexperience, but everyone's still a winner.

[@nickleonardthomas]

This is basically "Rent-a-swag" for women

[@dreamie2009]

Omg Parks and Rec

[@milesbiglin6673]

Exactly

[@kelsey2333]

Yes I wonder if she got this idea from parks and rec lol

[@copycopycopy1377]

Your marketing skills are on top of the roof mate!

[@bentuinstra4441]

I was just thinking of that and then I saw your comment 😂

[@Giggidygiggidy12]

Such a random amount to request, thats the most annoying aspect. 80k doesn't get you anything at this stage except a new batch of dresses. She should have asked for 200k and up for 30 to 40%

[@alekseydrotenko3289]

i think she probably did that to pay off the personal loan she took when starting the business?

[@mohammadzafar7891]

@@alekseydrotenko3289 or she possibly just wanted the shark's experience. The problem is that almost all investors will never waste their time being hands on with the business unless they have millions at stake. Their time is too valuable and they can do as much smooth talk to make it seem like they'll be there to guide her through like a mentor but usually that's not the case. They prey on young talent to make them money

[@soshedidamemoir2251]

The publicity that entrepreneurs receive from being on the show can be amazingly profitable. Some don't even go on the show to obtain money from the sharks. They go on the show just to get their products showcased.

[@agentbarron3945]

@@mohammadzafar7891 with a 20% stake they have the potential to make a mill per year easy. Like she got shafted so hard with that deal, on her own she was on track to make 400k in her first year which would more than recoup the sharks money, every year past that is pure profit for them and pure loss for her unless she buys herself out

[@mohammadzafar7891]

@@agentbarron3945 Yeah. The sharks got an easy deal.

[@erepsekahs]

It's not just her business, SHE is impressive, well spoken, well presented, and intelligent. Great person.

[@lenich89]

So let me get this straight: The company has revenue of 35k with a net profit of ~15k PER MONTH (~180k/yr > > $900,000 valuation) They offered 80k for 40% > > 40% of $900k is $360k They made her this offer knowing 'they would need to loan/put more money into the business' > > Them getting more equity or earning annuities on the indebtedness of the company to them... She could have continued to grow this on her own & been a multi-millionaire by 30 Instead, she went to the shark tank & gave away nearly half of her company at a $200k valuation, which is pennies on the dollar as she would have netted an equivalent profit less than 6 months & already had an inventory of dresses valued at $200k. Feakin' criminal...

[@peterfarkas3421]

I could have used you in my college math classes.

[@johanneskapeuasha9498]

It was a bad deal

[@porschamccoy3580]

Omg thank you i thought i was the only one who realized they cut her company valu3 in half...

[@nainai33]

if you were in my school i would want to sit next to you in class

[@basstrammel1322]

But did the deal go through? It seems to have grown slowly the last years.

[@TimEllisau]

Naomi day 1 as an investor: "I've got our next golden ticket idea - From now on we only rent out RED dresses."

[@stacynewton34]

😂😂😂😂😂😂😂😂

[@drakeweddner]

All the sharks wear the aame cloths every episode

[@wioi]

Are you ppl that stupid? All the sharks are wearing the same outfit every time. It's because of editing reasons. Not that deep

[@Bensuken]

She was prettier than the models... And she makes 35k a month. And she's young. She can create a youtube page and make that 80k in no time and fire the sharks...

[@mktv3036]

Benjamin Sookwa it’s not about the 80k it’s about the experience and logistics

[@Bensuken]

@@mktv3036 I agree but she's now down 40%. 80k loan with 40% repayment of the entire business? The math is corrupted...

[@cassandras4750]

She could easily have already paid the loan off over the first 3 months with 105k made. Yes shes down 40% but she's just gotten herself great publicity and people that will give her connections and make it easier to run on a larger scale.

[@sks6763]

cassandra s when people like Cassandra get it. 👏

[@jrmovies3807]

She can’t just fire them bol... They own part of the company... Plus she didn’t negotiate a buy back clause

[@jeonhb02]

She should have just took out a loan... 40 percent is robbery.

[@jlove24]

She already took out a loan to start it

[@AAA-sl3mg]

Its obviously not just the money she needs...

[@LGoromonzi]

It depends on how leveraged she already was, the connections and doors that these other ladies can bring, their expertise and industrial clout, which too has an immense intrinsic value when the time comes to bring in a VC and go much larger and much faster.

[@TheKing-tl8si]

James Jeon well she just hit $100 million in sales since taking on a shark....

[@Ew4ya]

Its about the connections and influence

[@robwolf88]

She did such a bad deal! They played her and they knew that if they grow the business theyd make a lot of money. Thats why they wanted the 40%. Its not that hard to rent a warehouse and hire a few ppl to do shipping and have an onsite drycleaning. If shes making 35k a month she can get a loan for the 80k over 5 yrs at 5% interest from the bank....its still cheaper for her than giving up equity

[@getpwnd89]

Robin Helou it’s about the connection that the sharks have, the banks don’t

[@alextogo8367]

Connections. They can grow it in a faster rate

[@sohahm]

They robbed her in daylight!

[@robwolf88]

True they do have a certain type of connection, but at her point she doesnt really need them. Again she is 20/21 yrs old and probably has no experience in logistics, shipping, management etc. But all im saying to give up 40% is a lot and the sharks got greedy. 20% was more fair for the amount of money. In business when you are trying to decide if you should take debt vs giving up equity, you have to see what is cheaper for you. In this case where all she wanted was 80k debt would have been way cheaper because of her margins and income and because she probably can get the loan very easily and at a low interest from the bank. 40% for the sharks means she would have to give up 40% of her net profit. Which would mean it costs more yearly to pay the sharks their share with an 80k buy in

[@sohahm]

@@robwolf88 I thought they would guide her that you came to the wrong place, go to bank and get a loan but they are there to take advantage. Now she will do all the hard work and two lady sharks will take profit 40% bite.

[@coldclearblue6350]

This girl is smart for her age. She presented it like at 30 year old woman.

[@stacynewton34]

😂😂😂🤣🤣🤣 no she's not

[@Carolina-rd3gh]

Her mistake is undervaluing her worth and giving away too much equity.

[@madcena01]

I'm 30 and I couldnt present it like that lmao

[@sarabobara8458]

I dont think it was that smart, HOW did she not do the math and understand she was MASSIVELY under valuing her company.

[@Kingofthenet2]

@@madcena01same

[@kyto5001]

They add music to make the most uninteresting parts intense for no reason

[@yellowgraoe2262]

Alexander LegisNonScriptae lmao wtf

[@imadeanaccounttocomment7800]

The music at 1 minute 36 sounds suspiciously like the music Grian use for hermit craft I guess it’s just royalty free music.

[@stupidtreehugger]

yellow graoe, since 31st October 2020 the UK is single again :-) It's time for Australia to stop drowning their documentaries and shows in retarded condescending melodramatic overly loud music.

[@nishilsanghvi583]

Gotta keep people's attention somehow

[@vtablesalt8341]

They do it because that’s when a tv ad plays if you’ve ever watched Australian tv you’ll know

[@Ghostxx]

they scammed herrrr, $80k for 40% of a business that makes $35k a month in the starting years

[@quahmingjun7246]

Obviously they did, but then again it isn't just about the money, but also the connection they can provide, as well as the legitimacy of the business as she is also being backed by someone who is invested in her business.

[@Ghostxx]

@@quahmingjun7246 i still dont think its worth it. 40% is A LOT

[@arai6147]

@@quahmingjun7246 bruh sell me ur company 40% when you have one coz i can get u some sweet deals with all my connections even if it means you lose half ur profits

[@r.r.r9746]

Total SCAM, absolutely disgusting. She was doing fine without those sharks

[@rygaros6669]

Dont worry, those sharks are dead when she gets 35 lolol

[@davedavis662]

Her energy is contagious, she IS THE BUSINESS! I believe what ever she is involved with will be successful. I’d love to know where she is now and how much she has progressed.

[@hearthagram]

She has made 8 million now

[@feyisayoruthoyebanji2984]

@@hearthagram Oh wow.... Great.

[@bremeartic8650]

@@hearthagram crazy

[@AshtrayAnnie]

@@hearthagram lol any woman that's attractive and seems polite and charming can sell anything.

[@patrikwihlke4170]

@@AshtrayAnnie That's not really the case here though, is it? Most people will never see her face but the storefront. Her passion and drive is what makes her successful.

[@DaveTexas]

After watching the very unpleasant and rude dragons on Dragons Den, it’s refreshing to come back to a group of genuinely likable and supportive sharks here. None of these sharks go in trying to start a fight with or humiliate the entrepreneurs the way the dragons do.

[@carolinecull8850]

Nobody: Multi-Millionaire investor: I felt your pain buying expensive dresses

[@water-ev5oz]

That's why they're a multi-million investor

[@PixelBoyMiner]

they didn't get to be a multimillionaire by blowing money on tons of dresses

[@spotlessmind7681]

yep, a dollar spent without return

[@Hexavelli]

*Jenny: I'm not even in this version of the show and for that reason i'm out*

[@domgtsk8605]

😂😂😂😂

[@dlfrs9440]

🤣🤣🤣

[@SimplyBeingNicole]

Hex Northman omg 🤣

[@DrunkenGyarados]

The fact that she was able to secure an $82,000 loan and acquire nearly $200,000 worth of dresses before she came on the show means that she must have a LOT of financial support from her parents. I can guarantee that there is absolutely no way she would have gotten that loan or that stock without her parents helping her out with a lot of money. Very lucky girl.

[@Lkshy_abq]

@K B i think the man is trying to say she also lucky besides all the innovation and hardwork she's putting in. And that would be true in grand scheme of people who wanna innovate their own product/service in teenage years its only possible if you have kind of rich parents, those who Don't have that either just give up on the dream or they hustle away years to save up money.

[@Lkshy_abq]

@K B Well i'd agree with that too.I have been around some VC friends, the quote "self made" is used only for the one's who had literally odds stacked against them in their journey. People who have had support from friends/family but act they "self made" have really hard time people working with them.

[@Lkshy_abq]

@K B and i don't know weather the drunken man is trying to pent up his stress on yt or just saying his opinion. But this is kind of opinion is not limited to the "poorer" people in the world, on bias of this i can also say people like you are intolerable to any kind of critique someone offers, so i want to say don't generalise

[@JuarezDerrick]

@@DrunkenGyarados she didn't say she "brought" the dresses, she said she "bought" the dresses smh English is tough huh?

[@pratikshyamohapatra]

When you set up business obviously one needs lots of support.. I also felt she has advantages from her parents side and nothing wrong in that.. She invested it in her professional growth, didnt exploit it.. When she said she is collaberating with famous designers i felt must be rich or renowned parents..

[@mikesdailygaming]

Andrew "you've got a great front end" **Gets cancelled by twitter culture**

[@richardfitswell898]

Bonk, goes the "C" hammer.

[@xFadesaway]

Lmao

[@mrrxd5881]

Time stamp?

[@amansahayminz8247]

@@mrrxd5881 9:36

[@jay-dubb.dubb.68]

She also has a "huge logistics backend"!! 9:42 😅

[@SM4616]

I wish I could feel for just one second how proud her father is

[@bosanacirl]

A child's smile in the slums of Mumbai is as valuable to a father as is a millionaire daughter never forget that

[@makeupfreak81]

@DrinkwithaMexican 😭🤣😭🤣

[@kizubluu674]

DrinkwithaMexican ...

[@greatestever702]

DrinkwithaMexican right then 😂

[@cole1178]

"I'm just like any other 20 year old girl" The fact that you had to say that in the first place proves you *aren't* a normal 20 yr old girl

[@stekon9112]

How did she get 80 000 loan in the Age of 20.?

[@superhoga]

she should be partnering with a dry cleaner for warehousing and cleaning.

[@DJProtaganist]

Why partner with them when she could add her own dry cleaning service as well and make money of that. making it be a small profit as well?

[@sylvieserrano7238]

Did some research into what happened after the shark tank deal. Since then her business has grown by almost 100% and she’s made 8 million in renting dresses.

[@kaylin5965]

@@sylvieserrano7238 holy

[@irriterendenavn]

@@sylvieserrano7238 I'm cooooooomiing oooooooooooghhhhh

[@starhamilton1072]

Trying to be smart but really not lol.

[@Exachad]

I can't believe this. The girl is so smart, yet so naive at the same time. Only a lunatic would take such an awful deal. She was clearly manipulated into accepting such an awful deal. The company generated insane profits consistently. The company would have literally made more profits in a year than the valuation of the company in the deal she made with the sharks. Even the original deal she proposed was ripping herself off. The sharks saw this and realised she had no idea what she was doing in terms of valuation and absolutely ripped her off. It always hurts when I see this happening. People always talk about illegal scams, but no one ever talks about the more common legal type of scamming where others exploit your lack of knowledge to get you to make a completely unfair deal.

[@Authenticityistheway333]

Shes a millionare now tho

[@todayin_ai]

No one: Steve Baxter: Hey where you from?

[@kineticblues2766]

No one: Steve Baxter: Hey where you from? DoubleV3 Why88: "No one: Steve Baxter: Hey where you from?" kinetic blues: DoubleV3 Why88 is a parrot. 🐽

[@andypatterson5055]

Everyone else: So give me some background info on your business Steve: So, ASL mate?

[@kineticblues2766]

Andy Patterson entrepreneur: 12/m/sydney Steve Baxter: will yr parents be home tonight? I'd like to go over some rising figures with you... well, one figure in particular.

[@Wizardofgosz]

I love it when Steve opens with that. He introduces himself and asks a slightly personal question. That's the way politeness works.

[@kineticblues2766]

Richard Wielgosz I wish he'd ask if they are virgins or not.... that'd be hi•lar•i•ous.

[@adswu2008]

The constant dramatic music ruins the whole shooting match ...stop the music

[@nkwari]

The music is what makes it "reality" tv LOL

[@cuauhtemocmorisco3493]

Stop the madness😂😂😆

[@hannahfielding8214]

Janine: “surely she can date one of my children” I rate that

[@MrBeard17]

Why not all of her children ? A shark would want to maximize profit potential.

[@studentuser101]

👏🤑

[@wtfmario]

I felt that.

[@kevinm5898]

All this equity, percents, investing, financing, etc, hurts my head. I've always wanted my own business, but I just don't understand this stuff.

[@xtrt3restrial374]

learn it man all the words you hear are business terms for something simple. equity literally means money from the business owner. If i put 20k equity in my business it means that I've put 20k of my own money into the business as opposed to the businesses money which is money earned by the business. If i take 20k equity from the business it means I have taken money from the profit of the business instead of reinvesting it. Simple!

[@iloveballetnerd]

“Such an original idea”... sir Rent the Runway has been around and well publicized since 2009 😂 I even remember when it was advertised on Gossip Girl lol

[@savagedragon79]

Parks and rec had rent a swag years ago to.

[@rjgomm1852]

savagedragon79 hahah I was literally thinking that right when she walked in

[@acho5424]

She is a good entrepreneur, slightly bad with maths.

[@user-wc5ff4xp5g]

@Indrajeet Patil lol

[@aproudasia9529]

Indrajeet Patil lol what

[@Freedomiseverything9486]

Ahhh asians, never dissapoints :")

[@mrpotat680]

@Indrajeet Patil Reverse racism lmao.

[@tomasavage6815]

Why Justin Y. It’s called racism lmao

[@benntenn8368]

Humble, sweet, smart, personable, professional, intelligent, entrepreneurial, she's gonna go extremely far. Inspiring to see people my own age doing amazing things like this.

[@larryguimond7288]

it's amazing seeing her get more confident every second through her pitch.

[@ollettc]

This young woman is going places. Once she gets older and polishes her business skills, she’ll be a multi-millionaire ten times over. Great presentation 👌🏻

[@mehzly]

Since then she’s made 8 million(I’ve read a comment about following up)

[@janehassebroek3768]

The American sharks wouldn’t have cared so much about their money and would have cared more about the business growth and for that reason, I’m out

[@kendrelldarby6853]

Jane Hassebroek you would make the best shark tank judge thing magij🤷🏾‍♀️💀

[@Beetleman20]

Nah Kevin would have offered 40% for the 80k and some other sharks would counter offer Kevin, not team up with the other sharks for the same equity. Remember for spongebob scrubby daddy Lori kept countering all the offers Daemon & Kevin were making with higher offers than them.

[@trentonj8085]

@@Beetleman20 Yeah no doubt, it's like all these sharks collude to not outbid each other.

[@ankit1906]

In india if we had sharks they would have killed your business 😂

[@Scent_Library]

We already have a company like this in America

[@Lauren72382]

40% is an insult.. that's greed and trying to take advantage of this young lady...

[@danydms1]

L.C Marie That’s how rich are getting richer!!!

[@Lauren72382]

@@danydms1 I agree with you 💯 but 13:20 he had a point 🤔

[@tarun8239]

Welcome to Shark Tank

[@anyexpat]

They just flat out lied.. IF they are going to have to pu more money in later, PUT MORE MONEY IN NOW! The extra 10% was based on a vague oh we will have to put more money in.. well how? She already makes money and installing a dry cleaning process is not that expensive, even if if were the business would get credit.. pisses me off so much.. they basically stole 10% based on a lie

[@Lauren72382]

@@anyexpat well put!

[@shermanak74u]

This is impressive. At 20 I was drinking heavily and making barely 1.5k a month... Hats off to her. She has a bright future ahead.

[@TheNpcNoob]

I wouldn’t feel comfortable with “sharks” investment. Feels more like a deal with the devil.

[@LongHuynh-bx5ll]

The reason they go on is no banks is willing to lend them money plus going on sharktanks provide more exposure for their business

[@stacynewton34]

@@LongHuynh-bx5ll not really.all they do is scam people

[@imtired6614]

@@stacynewton34 ....I feel like you don’t know how marketing works

[@copycopycopy1377]

@@LongHuynh-bx5ll also sharks don't want to lose their money! so they help the founder expand and make sure it grows in terms ov value.

[@jakeevans9746]

Unless if they have the connections and resources and willing to put in the work and share their valuable skills and experience then it’s a win win. If they are just putting in the money but want a huge ownership of the company then that’s a bad deal.

[@This_Origami]

the title was surely misleading

[@marks6663]

all titles on these videos are clickbait. Our world is a lie. Just another example.

[@This_Origami]

ikr

[@Steve_Solomon]

Yeah shes only 20! its all a lie @ 14:08

[@Lauren72382]

@@Steve_Solomon they acknowledge her age far sooner than that...

[@ghostl337]

What was misleading about it

[@kevinmark2146]

When they said no to 30% for $80k, instead of folding and saying yes to 40% for $80k, counter with 40% for $100k.

[@Agmaio]

Yes, smart

[@hiritikkkumar2397]

It's the same bud

[@nextari]

The implication they made is that she will need a commercial building, dry cleaning, etc etc and that is going to run $300k+, and they are on board with investing that. So it does make sense. Regardless, 40% is a freaking massive stake in the company. I don't like it.

[@SKGrenkow]

5:05 My god that was unnecessarily intense, they all just broke out laughing

[@lewis2443]

She's got a website with stores and over 1000+ dresses now welldone

[@justinlalara3559]

Yirrakala

[@justinlalara3559]

Propeller shaft

[@colin1528]

and with 8 million in sales

[@HamburGod]

“This business is perfectly reasonable and successful, for that reason I am out”

[@adityaswamy9647]

Are you Barbara

[@benwilliams6925]

Renting clothes for a fraction of the price. Not gonna lie wasn’t that Toms idea from parks and rec

[@MagentaSpikesImprov]

Rent a Swag? Haha

[@PrettyhurrAKAne1908]

Yeeeeesss! Rent A Swag lol

[@leopold-buttersstotch9353]

Treat Yoooself!!!!

[@pyroniks3717]

Damn you right

[@euphfellowship]

I'm pretty sure he even changed the name from Rent-A-Swag to Tommy's Closet, so she even scooped the name.

[@Namnamnam93]

Her valuation is undervalued honestly but so happy for her ❤️

[@stretfordender321]

I love how the models were just standing their awkwardly the whole time ha. Real pros

[@sparklebutt1119]

stretfordender321 They are probably her friends!

[@OakApplegardens]

Why are they there? She's better off without them.

[@gregwatson1885]

Probably are “Real Pro’s” 😁

[@Aieshoo]

stretfordender321 What else are they supposed to do?

[@randy1280]

Why tf do the producers make her seem like she took five hours for her to admit the “if you break it you buy it” model. Lmaoo they OVERDRAMATIZE it

[@ryanskenard]

Randy she answered right away. They just edited it for suspense lol

[@picklepirate]

Yeah, TV man, how else would a haggle be interesting?

[@theanachronisticlife8574]

Insurance would be more ideal.

[@luhole]

Yeah no way she took that long to answer

[@rendanfuls]

@@theanachronisticlife8574 I work at a bank and every time I'm discussing a loan with a client, I do a hard sell on an insurance (and ours are pretty cheap). I've done contracts in hundreds and around a dozen insurances.

[@christopherpowell1483]

40% is nonsense. 80k isn’t worth it. This young woman can get a warehouse and not deal with being ripped off. Considering she made around 100k in 3 months. 40% is a bad deal.

[@christopherrobinson3364]

What value you do you put on a supply chain ?

[@naptownsfinest2345]

Garbage deal

[@LiLPAnCOoKie]

She is 20years old crazy good pitch, build all up alone with own money. I respect you so much, my gosh I’m stunned very inspiring

[@kungpoo8876]

Honestly I think she got a decent deal as she needed to scale up quickly after advertising how profitable she was. Probably wouldn't be too difficult to scale up and grow especially with the publicity but I think she really opened herself up to competition if she didn't grow fast enough after that.

[@Swinsor]

‘I’m wondering if.. my children, surely she can date one of them.’ Best line

[@H11DUH]

This isn’t as intense as American shark tank or dragons den .. I’m out

[@Jimboslice78]

Haider X hahaha and for that reason I’m oooot

[@tenzinkalden8130]

Lol

[@erikgarcia6523]

bagcb

[@lepotatoes]

And for that reason... I’m out.

[@baluxyanahiam3630]

😆

[@kathe.o.]

I'm curious as to how this business is doing, one year later, then five years later & so on. I think she is amazing. She began this in her head two years earlier. WOW what a beginning.

[@honchowholesale7440]

ripped off tbh. could have done a deal where she kept 100% of the equity. she's already making so much money and doesn't need any equity holders.

[@roshi98]

She won't be making money for long if she doesn't have the logistics and marketing to take the business to the next level. And as was smartly pointed out, as her business grows and margins shrink she'll need experienced people ensuring she can scale. Offering 40% of the business with a "sweat equity" incentive (which at 20 she should have no problem with) to partner with successful business women who know marketing and logistics adds value and longevity even if it means taking some short-term profit out of her pockets.

[@gho5tspartan26yt]

I would of bumped to 100k for 40% 😂

[@paxhumana2015]

@@roshi98 , if I may offer an idea to help her stand out...she could do something that Rent-A-Swag does not do, which is also cater to men. Think about it for a while, how many men, as well as boys, are stuck wearing a tuxedo, or a suit, as well as wingtip, or other, formal shoes for a prom/formal/wedding/bar/bat mitzvah/job interview? Let us be honest, most men are in the same boat about those sorts of things as women are with formal dresses, ballgowns, and heels, but it does not need to be that way. What if she could expand her clientele in those regards? Also, she could expand it even further by getting into cosplay, Halloween costume, and historical reenactment costume rental because those things often only happen once a year as well. Granted, I am literally half a world away from you in the USA, but do not the ideas for rental also could help her company stand out from the rest of these sorts of services?

[@kevoconnor145]

She wasn't ripped off. You never go into it expecting to sell at the % offered and she has the opportunity of getting some of those shares back depending on the success of the business so she has every chance of getting down to them owning the 30% she offered.

[@stupidtreehugger]

Also, she can at any time kill them with her smile like she did me. There's a rumour she's renting that out to the CIA for their covert assassinations

[@josekunhardt]

Terrible deal. They bought almost half of her company for less than half of one year's revenue. For that, she should have just hired consultants and gotten another bank loan. She would have had no issues getting a loan for that amount.

[@josekunhardt]

@Just Glassin 🤷🏻‍♂️

[@declanmckenzie229]

They have driven the company in the right direction that she wouldn’t have been able to do by herself. She now owns over 64% of the business and has made 8 million dollars.

[@MarkVonBaldi]

@@declanmckenzie229 I don't get how people don't get that. They think sharks are buying actions, when in reality they are also adding their experience to grow the business.

[@theindivisible]

consultants are costs.. they're not partners..

[@rakeshmehra6321]

That's not the point. Look at how much they can help 10x the business. Vs doing it herself.

[@stevenmaddock494]

40% is a rip of for the business, but you can tell she is going to be a success,. The amount she can quickly learn from this partnership will kick her into another dimension.

[@cbro_]

Definitely worth it. The upside is huge.

[@shineykurian5585]

This girl is amazing. Truly an entrepreneur with a strong mind and business sense. 20 years old. 35, 000 per month. 8 million in sales to date.

[@simplywhy]

This is just like a real shark attacking a smaller aquatic animal. They took advantage of her based on her young age and her need for mentorship. I believe she should have sought out a mentor for the business instead of taking a deal.

[@ilandlal7981]

It’s hilarious how Janine was trying to hook her up with one of her sons 😂😂😂

[@onlyarib130]

I was looking for this comment 😂🤣

[@Ihavetoreturnsomevideotapes]

Weird

[@mrzoukdotcomzouklambadaboo8212]

She's making sure her investment stays in the family....

[@nolantudor9811]

@@Ihavetoreturnsomevideotapes not at all lol. Maybe she knows she wouldnt have to take care of that son and insure their financial future without her helping along the way.

[@egyptsin]

Right? Haha

[@StiltsFPS]

Andrew: Well ladies, you’re the experts! Naomi: *Big smile* Also Naomi: But I only wear one dress...

[@hariraj3662]

Lol

[@JohnDoe-db8hn]

Don't they all wear the same clothes just cause it's easier to mix and match shots from different episodes that way?

[@hugezz9093]

No one absolutely not a single soul: Steve: where are you from

[@estebanruiz6228]

Mr. Wonderful : I’m out because I’m in and for those reasons I’m out

[@mikebrown6081]

This is stupid - she took out an 82k loan some how at 20 years old, within 3 months, she does 106K. She then decides to give up 40% her company for 80k and professional experience, even though she just received national attention and will probably grow regardless. Like I get that she might run into an inventory issue, storing issue and probably wants to go to college as well but these are things she could've have figured out along the way. Hell, where's a good ol royalty deal when you need one lol

[@americanenigma_5108]

SHE GETS 15K+ profits ! Why did she even need that 80k , she could easily get that in couple months herself and maybe some friends and family ...... 40% for 80k is ridiculous

[@mrdxb1154]

15k profits is bad. With partners boosting you, you may get 100x the profits even.

[@OldManShoutsAtClouds]

What you're all missing is that this business is still trading time for currency. Scaling it is going to require a lot of overhead and upfront investment. It's going to require management and logistics. If it suddenly explodes in popularity and doesn't have a backbone, it will collapse under the weight of it's own success.

[@apatheticAnxiety]

Reinvested because fashion is a fast moving industry

[@rasheed697]

@@OldManShoutsAtClouds exactly ✌️

[@TheKing-tl8si]

Mr Mr dude she just hit $100 million in sales since taking on sharks.....

[@indianninja1423]

Look at that girl. That's how self confidence looks like .

[@rebeccaphillips2207]

Naomi is literally the worst person ever, completely takes advantage wherever she can

[@faustomadebr]

Its a shark tank, not a panda tank.

[@sowhat...]

@@faustomadebr 😂 Isn't it a goldfish tank?

[@jtkto]

The difference between weakness and strength is the ability to do exactly what she did.

[@rhex8440]

Rebecca Phillips is she blond or brown hair

[@gdmindset]

@@rhex8440 blonde

[@seagramrtx9346]

What a ripoff...they totally took advantage of this girl, because of her age

[@rohanpatel3893]

Welcome to the business world mate. You are either the prey or the predator

[@XboxNinjaGamer360]

age has nothing to with it. just lack of experience and pure naivete.

[@seagramrtx9346]

Richard Harding nah age 100% has something to do with it they wouldn’t have ripped off a 40 year old woman the same way

[@seagramrtx9346]

Rohan Patel from a business standpoint good for them for I mean have a heart mate

[@MontageHustle]

@@seagramrtx9346 They would've done a 40 year old worst

[@mohammedyakub3760]

She's valued her business way less than her predicted turnover in the next 12 months. She should've come in at a 600k valuation, then she wouldve got atleast a 250k valuation probably more

[@goodkisser8591]

Mohammed Yakub a good time to remember that projected turnover is not how you value a business when factoring in costly scalability and logistical issues

[@jackiecheng4161]

And then she will get yelled at like every entrepreneur that comes in looking for a valuation of a company a year from now and not today. Why do people like you do that.

[@mohammedyakub3760]

@@jackiecheng4161 I didn't say to value your business what it would be worth in a year you idiot. Do you know what turnover is? You clearly don't. I said to value your business atleast your predicted turnover in the next 12 months. That means if they are predicted to make 500k in sales in the next 12 months their valuation should be at least 500k. A lot of people have come in with a valuation of 3 or 4 times their predicted annual turnover and have come out with a valuation more than double their predicted annual turnover. Her business was massively undervalued. I am a 15 year old who doesn't know much about business but obviously knows much more than you do so please dont criticize my statement when you are uncapable to understand it. Thank you

[@mohammedyakub3760]

@@goodkisser8591 yes but her profit margin was pretty good and also if she had come in with more, even if she doesn't think her business is worth more, but only a little bit more so it cant be labelled a ridiculous valuation. Then she would have certainly got a much better deal. She could've even negotiated a bit more when they asked for 40% like if they get their money back would they be able to reduce their equity?

[@Finderskeepers.]

Your right, current T/O 35 x 12 = 420 X 55% = 231 profit so value is less than 2x profit although other expenses do need to be allowed for, rent and her wages. If she does increase T/O she should be able to negotiate a significant discount on dress purchases. So demonstrable profits of say 150 and valuing that at 4 or even 5 times gives a value of 600 to 750. Not a bad call for a 15yr old but its the profit thats important not T/O. Theres an old saying turnover is vanity profit is sanity.

[@robmarrin6720]

Never tire of watching this one it's magic to see young adults who have a great mind on them.

[@ryanrudolph2857]

*”You’ve got a great front end”* - Oldest dude in the room

[@pinkpearls965]

You must be slow.

[@drew230]

That "css" doe😂😂😂😂😂😂

[@brenyboy26]

I thought the same thing! 😂

[@178mohamedsinaan2]

This is just ripping off Tom Haverford’s Rent-A-Swag in Parks and Rec.

[@DreamMorris]

KMOHAMED SINAAN 💀

[@ShyHoopz]

Best comment

[@curasvitas0731]

But the fact she has made it and profitted for it is what matters. Its like YSL when he saw Mondrian's paintings.

[@saishasoto6575]

This is basically rent the runway lol

[@shorty4u262002]

Nope! She’s ripping off Rent The Runway here in NYC! It has been in business well over 10 yrs!

[@P51DFreak25]

She started off with a way too low of a valuation. But that 40% for 80 is rude. She should’ve started at 80 for 10% and go from there.

[@harmoushka]

Totally true...based on her monthly revenues she's undervalued her business, that's like a market multiplier of 1.0 and yes, 40% is so rude!! I wish those entrepreneurs consult with investment professionals before they get infront of such greedy sharks!

[@nmarkert01]

‘I wonder…. My children, surely she can date one of them….’ 😂😂😂😂 I legitimately lol’d

[@dil_tho]

This is how they become more rich... Anyone in Brielle's position would accept the offer because of the situation. What a shame Sharks

[@wickjohn8673]

That is why they are known as sharks!!!

[@wickjohn8673]

That is why they are known as sharks!!!

[@JG7Racer]

Shes better off alone. These people are ridiculous. Capitalizing on this instead of boosting her means money comes before people on this one.

[@moppitukka3253]

John of course money comes first in investing lol its not like this is charity

[@moppitukka3253]

John Buffalo I am 97 how do you disagree on facts? The main goal of investing is interest which is gained over time, or the potential growth of the item/entity you invested in. Essentialmy an invester wants their money back, and more. How do you disagree with that tell me please lol

[@JG7Racer]

@@moppitukka3253 There is a threshhold on right and wrong. Asking for too much is wrong. Business or otherwise.

[@magician182]

@@JG7Racer since when does business have to do with right or wrong. business means profit.

[@moppitukka3253]

John that cant be defined. Sense of morality varies. Again, depends on the perspective. For the investor this is ”good” whereas for the entrepreuner it is ”bad”. I agree that its rip off tho dont get me wrong

[@micheljurgens]

The Money is not worth anything compared to the connections and advertisements.

[@wes6244]

Exactly. No doubt with the drive and passion she already has she would have been more successful regardless. But with the Dragon’s help they essentially jump start their business. It’s like hr business on steroids. Lol.

[@rudesword2852]

It seems like a smart move. She took the men's formal wear model and said "now girls can rent too". I have had to rent about 8 tuxes over the years for weddings and such. I wish the girls had let us buy affordable nice suits that we could reuse instead of renting for the same price and basically throwing that money away.