Sharks Think This Music Entrepreneur Should Ask For More Money |Shark Tank AUS

[@perryormsby9298]

Thank for the comments everyone. That’s me in the video 😂 So we achieved 95% of what our goals were for the next 12 months. And since then have grown further. Bunch of set backs but that’s business. When this aired I had just employed my second employee, we now have eight. We’ve expanded twice to new premises. At time of filming we had no stores, we now have distributors in Japan, China, Europe and the UK. Around 35 stores around the world stock our guitars, growing all the time. To their credit, three of the sharks did offer to assist me for free if I ever had any questions. I decided to go it alone. I do have a business mentor that helps out a few hours a month with extensive experience, who doesn’t want any equity for his time 😍

[@CB-ob5fr]

Glad you did not went for this, keep rocking mate!

[@stephaniewhite9526]

Hey Perry... I love your business and have total respect you didnt take the offer. That guitar you demonstrated sounded awesome too.

[@lIRhYsUKIl]

Good luck with your business in the future mate.

[@JUST-UK-JAY]

well done mate for then and now ... you have done just perfectly without stuck up condescending rich bitches that just want to make more money off you !

[@Infernoheadfuck]

I thought Ormsby Guitars was already doing well buddy? I nearly bought one a few years ago from you I believe? Amazing instruments, a friend here in the UK has one and I love it!"

[@iHastyy]

Glad he didn’t let himself get played.

[@youcandoit7494]

Ba dum , tss

[@KipColeman]

@Best4rtNiteClips and the bank would let him keep 100% of his business!

[@nomealow]

@Best4rtNiteClips 2:15 His business is making 400K profit in one year and is projected to go up. He has absolutely no need to borrow money from the bank. The main goal as he said in 3:15 is for someone to help him expand his business. What could've actually been better is for the sharks to put their money at stake and not give it as a loan, so that it means they will be inclined to actually do their job in expanding the business.

[@TheDantheman12121]

@Best4rtNiteClips Yeah but he is also getting the expertise.

[@jgilly3362]

@Best4rtNiteClips it's called investing in a business you fool it's done world wide

[@hasantawhid706]

This entrepreneur actually didn't need their money. He just needed to advertise his guitars on TV. He did it.

[@jenniewoo9517]

Hasan Tawhid don’t you pay to go on the show

[@nao__channel]

@@jenniewoo9517 by going on the show you are advertising your product especially if the business is already up and running successfully. people who are into guitars would have seen this and gone 'hey these guitars look cool' and googled the name or something. his appearance on the show probably did more good for his business than the deal he was offered would have had he accepted it

[@jenniewoo9517]

nao u still pay to go on the show it’s like 20k

[@nao__channel]

@@jenniewoo9517 yes but if the person going on the show is someone like this guy then that cost basically covers itself

[@hasantawhid706]

@@jenniewoo9517 i didn't know u had to pay to go to the show...... and 20k is pretty high...

[@wyotealberto2242]

The most messed up part is how the sharks are trying to rob this guy of 10% of his equity while also trying to condescend him into thinking its normal. Watching them try to explain how this highway robbery is a "normal part of business" because they think this guy is inexperienced in the field is straight up disgusting. You made the right choice mate! Glad to hear you're doing well!

[@burzum8312]

They're sharks. Not an aunt who gives you gifts whenever you meet her.

[@Reichstaubenminister]

@@burzum8312 Even some of them agree.

[@ExireHG]

And here people harp on about how the Australian version of this show are so nice, kind, and friendly. Right...

[@trilexfix]

but strangely people still submit to one another every day.

[@rdu239]

Steve actually saved the pitcher, prevented him from falling into Janine's trap offer

[@ZekeSpeakz]

Dude is a genius, come in with a small offer, have the sharks argue and get 1.1M views on KZbin off of it. He probably made a ton of sales too

[@reactionmaddness7337]

KZbin has nothing to do with this

[@xjunkxyrdxdog89]

@@reactionmaddness7337 denser than a neutron star.

[@ShawnFX]

@@reactionmaddness7337 your brain is like a dense cabbage

[@pozloadescobar]

His business is booming now! He has distributors in many many markets. Great to see him decline that horrible offer

[@wasjosh]

You forgot to watch the video before commenting on it - he’s literally selling 100% more f his stock before he builds/orders it.

[@VivekTiwari03]

I really appreciate how Steve came out and made the dude realise rather than letting himself get played.

[@adambpm]

but he made them the same offer

[@ChangeWorld4Better]

@@adambpm it's so that at least he going to get scam at least he know who he should get scam by. Steven probably give more value input than her...

[@georgebrantley776]

@@adambpm He was more of, "That's a really shit offer, but if you're actually gonna consider taking such a one-sided deal I'm not gonna say no to free equity. Count me in too if that's what's on offer."

[@cloooud]

@@adambpm He made that offer to show how ridiculous it is. Kind of like saying "You're dumb to take it, but if you're gonna take one, I might as well have my number in the pot." But the entire time the deal was on the table, he was doing everything to dissuade him from taking it.

[@NintendoBlurb]

@@cloooud Thanks for clarifying that. I really didn't understand why Steve was being so harsh on the deal when he offered the exact same. Didn't realize that he wasn't actually interested and was only offering it as a joke.

[@Merosity]

I truly respect that end shark for sticking up for the business owner and being a truthful investor. Thumbs up for looking after the small man. He didn’t have to but he did.

[@cloooud]

Both end sharks. One even made the same offer to show how ludicrous it is. He wanted to dissuade him from giving his business away and successfully did it.

[@unity__3829]

Steve is best shark

[@isaacrodewald8807]

It's scary when Glen and Steve agree, that should have been enough warning.

[@thehorde4868]

@@unity__3829 yeah, like Gordon Ramsay and Simon Cowell for business, he's blunt, he's harsh but not a bad person

[@dranktf]

@@thehorde4868 what Simon has been known for extorting people and even leading to suicides

[@LousterPlays]

This is the best and most perfect business I have ever seen, and for that reason, I'm out.

[@uhhyousee]

Everyone on this show us just a Barbara in disguise

[@deleted5876]

They wanted to get rich off him since he'll have more money than them in a few years

[@Noadvantage246]

More like we couldn't take advantage of you, so for that reason, I'm out

[@charlesreid9337]

Ormsby guitars is already becoming legendary. He could have simply offered stock to guitarists and he'd have gotten 200k within an hour for a lower percentage

[@kanem7169]

Lol

[@griffincrump5077]

I like how the Australian sharks go out of their way to help the entrepreneurs in the process of striking deals, it’s better for the entrepreneurs and also makes the show more entertaining

[@juliatodoran5158]

I love Steve for doing that. He's honest when it counts

[@carwyn3691]

Steve comes off as very rude sometimes, but he's honest when it counts. Paying 20k for the privilege of giving her 10% of the company is ridiculous

[@FireDramine7]

can you explain to me what the deal on the table was she offered. I get what 200k for 10% share means but I dont understand what she offered. English isnt my native language so its hard for me to understand this sometimes.

[@FireDramine7]

@@carwyn3691 oh damn, thats pretty scummy of her. I dont even understand, Omsby is so well known now, she woulda made quite the money nonetheless.

[@noticedruid4985]

Yep basically he would have to give her %10 of his company just for the privilege to get a $200,000 loan from her with interest. And had to be paid back within 2 years.

[@Llethander]

It can basically be summed up by saying she was asking him to pay her $20,000 for the privilege to give her 10% of his business.

[@wasaglass]

He get get that deal from a bank offering 10 percent of his company as collateral. With as well as he's doing he should just hire a marketing and financial consulting firm.

[@iBrusmaN]

Janine: Oh so the chicken burger costs 1$. Here’s what I’ll do. I’m gonna pay for it, then eat it and when I’m done you pay me back my dollar PLUS 10 cents. It’s a great Deal!

[@hydrosapps3862]

Hey hey hey just wait a second you almost forgot I'm gonna give you my expertise on how to eat the burger that alone should make us even

[@rockydee7499]

Then i still get to keep my equity after you pay me a dollar. That's harsh

[@HarryGoldbergTV]

Correction: and when I'm done you pay my back my $1.10

[@MartianLuther95]

Pay me back $1.10 and I get a bite of every burger you get from now on

[@kineticblues2766]

I find it so odd that you used chicken burgers in yr example. is that an Oz thing? and though I do love chicken burgers- I was watching the video and expecting to see a Chicken Burger as the pitched product. 😂

[@emradford5173]

Look, Steve can come across as blunt, but he’s so honest and that you have to admire

[@unity__3829]

Steve is the most honest one and the best one

[@bootzz418]

Steve was saying she was bottom feeding and saying its a terrible deal ... bullshit he was just pissed that he didn't think of it ... then offered the same deal

[@neewraf]

the Gordon Ramsay/Simon Cowell person for business..

[@hephaestus6778]

@@bootzz418 kinda thought the same...like Janine tried to play him and steve was like "this is a bad deal but if you let janine rip you off, i am willing to do the same". I didn't see much honesty in there. Janine tried to intitially rip him off, but i think steve just likes to call out others bs while actually doing the same...either way a back stab

[@Sanyu-Tumusiime]

@@hephaestus6778 that blonde woman is the one after she spoke then janine was like "let's just give this guy a trash deal"

[@ranjan_v]

I love how they are honest

[@WarpedBlinds]

"Honest"

[@phazedkilledyou]

By they you mean steve

[@keithsimon6241]

The others are honest for the one speaking

[@datura_boof]

Only steve

[@stevethea5250]

@@phazedkilledyou the Dr on the other end had a say too but less

[@DonFernandez43]

Steve’s my favorite shark by far, seems like the most down to earth one, more genuine and less manipulative.

[@paperfoe]

Mark Cuban vibes haha

[@andrebotha2000]

This guy needs a millionaire musician as a investor to help him build a renowned global brand.

[@Leeoh949]

He needs Kevin Parker

[@tijnmoer9136]

This brand is already very well known in the guitar and boutique guitar world

[@saifuldude]

He needs to reach out to Avenged Sevenfold, SOAD & Eagles as the brand ambassador... Then the product could be lit 100x

[@duckspy436]

@@saifuldude I'm a diehard avenged fan but I highly doubt they'd be a good investor especially considering synyster gates and zachy are partnered with schecter already

[@danielaramburo7648]

Mr Wonderful from shark tank USA would make him a great offer and could help him because he is a musician too.

[@chattycathydoll]

This is the second one I've seen where Steve steps in to 'protect' the pitcher by showing how crap the deal is. In another on he purposefully undercut the offer from two Sharks, then when they reduced their equity demand he withdrew his offer. He seems the most genuine of all the Sharks in terms of getting a solid deal that reflects well on both parties, as opposed to appearing friendly but skinning them. I may be wrong but that's the impression I got.

[@imlost19]

cuban does that too in the us tank. in the uk tank they just rob them blind lol

[@jaybea365]

I've noticed this as well.

[@rdu239]

@@jaybea365 Steve knew the pitcher is undervaluing himself maybe due to lack of confidence or business experience, the pitcher can easily fall prey into cut throat business investors with their flowery words. Steve cared for the guy thus saved him from the other sharks

[@adityapasari2548]

You are asking way too less, but they still dont want to invest. Shark Tank Australia should change its name to Jennys Tank XD

[@lunaaryal8745]

Aditya Pasari lmaoooo

[@Swnsasy]

Aditya Pasari ROFLOL I'm thinking the same as you! The lady Jenienne here, she always makes things so complicated and wants to do this way to do this and I want more and I'm going to give you this for 10% that then my money back I want more of this.. She never says ok $200k for 15% I'm in!! That's why people always walk away from her.. She's so damn greedy! It's ridiculous!

[@Anti_everything_and_everyone]

Literally!

[@binarysignals9593]

The best thing they can do. Fully support.

[@Dimens1oner]

Yeh aussie sharktank is a pussytank.

[@tannerabell387]

I love how Steve always looks around so shocked and flabbergasted after anyone makes an offer

[@sadderbythecloud]

I love every time Steve's out he throws everyone under the bus ahah

[@stiercreations]

Basically he's paying her 20k to have 10% of his business... Hellz to the nah

[@LudaChez]

Yeah he didn't do it cause he doesn't need the money, like most AUS ST vids I've seen they need the investor. They need the help. The HamDog guy is still king offering the $1 for their time. This guy doesn't need the money so you are 100 percent correct in the end he's paying 20k to give them 10 percent of the company. Joke.

[@Finderskeepers.]

@@LudaChez depends how you look at it. its a 2yr 200k loan at 10% + $1 for 10%. Not so different than the ham dog deal

[@weldmachine]

If you do a deal with the Boost Girl you are Guaranteed to get a bad deal.

[@miwacoaching]

@@Finderskeepers. It's a worse deal, at least the hamdog guy makes 1$, this deal would be him paying 20k lol

[@zone2478]

20% every year

[@gerard4039]

I respect dragons defending this guy , the lady wanted to skin him , very bad

[@amzwl1671]

They sharks not dragons 👀

[@gerard4039]

I don’t deserve any subscribers sorry 😐, we know theme by dragons here !!!

[@amzwl1671]

gerard . A yeah lol don’t apologise

[@dylanisaac1017]

Skin or scam?

[@yogidemis8513]

She just wanted to invest just because her husband collects Guitars. There was something more about her offer than what she was saying and offering. She was up to something.

[@BlazinTigger]

He didn’t need them. At that point he could have gone to a bank and gotten that loan and the bank wouldn’t own a percentage of his business.

[@itstotallynotsai6577]

sometimes people just want to make their business bigger and get their name more out there which is why they go to shark tank, a lot of publicity

[@akhilachacko4070]

He doesn't need the money. He wanted a mentor to grow his business. Plus the publicity.

[@brandyclark4389]

And with a 2 million dollar valuation it would be no problem

[@kniefi]

Exactly! Plus 10% interest rate is just ridicilously high anyway! He woulf have ended up PAYING her to then own less of his own company... glad he walked away! And also glad the other shark(s) told him how bad that deal was!

[@starlitexo]

@@itstotallynotsai6577 also they do have a team behind them such as manufacturers, pr teams, etc. so that could also be useful

[@SkulShurtugalTCG]

To go into a show like this, and be told "Why are you here? You're doing fine without us" must be about the highest praise you can get.

[@Allsurrender]

I just love Steve and Glenn, they genuinely protecting new entrepreneurs every time.

[@tommynegovanlis2445]

This guy said he's gonna make $800,000 in profit...he doesn't need the sharks

[@rockydee7499]

Yeah but that is not the goal. He wants his guitars to be a world renowned brand. But they ask too much out of his company. Not really worth it.

[@DerSuperoldie]

Like he said, he doesn't need the money, he's just doesn't have the expertise as a business man and is looking for a mentor

[@greennbean]

Any one in business needs more connections. It's what it is.

[@Llethander]

That's why he was after Andrew Banks as his preferred investor. Andrew has pull in the overseas/US market and would have been able to bring a lot more to the table than just money as a business partner.

[@santhil2357]

Main reason is advertisement. That's why he is here

"should have asked for more" "let me offer you less"

[@andrewwohlfart3327]

"Let me offer you less and tell you that you've made a bad decision not letting me rip you off".

[@laudidiab3491]

@@andrewwohlfart3327 exactly. Janine is such a snake

[@ironwolfgaming9632]

Steve was honest - he said - I don't know anything about guitars and you don't need me - then when a bad offer was made he highlighted how bad it was.

[@lynzyrisingsun]

He just did that so that guy would realize her offer was bs and would take it knowing he definitely wouldn’t take his either

[@kanoaikawach]

Wasn't the dude who said that immediately out?

[@Jethropeth]

I know ormsby well as a brand, he doesn’t need them.

[@ibukontraktor-taqwaproperty]

I love Steve. He definitely is a person with high integrity. I would love to work with him.

[@AmuhAje]

Ye mkae. Si produsen juga keren, die. Dateng cuma buat dikasi nasehat. Keluar dari situ jadi populer. Ngiklan gratis nan efektif.

[@currygoudeaux8514]

All he needed was this episode! His business was already great before, then he had 3 sharks fighting for him and he didn’t fold. Respect! A musician is gonna see this and buy an entire collection.

[@rarity2006]

What a true rocking roller that dude really was. Stood his ground realised that they were in it for them selves and not really for him and just rocked off what a legend

[@joshuahb536]

And he’s insanely successful now

[@THRASHMETALFUNRIFFS]

Yeah, but why didn't he play the demonstration riffs himself instead of that other guy that wasn't that good?

[@elenawilliams32]

Janine always gouges every business. She underpaid her own staff and said it was an oversight. Nothing is an oversight with her and money!

[@maryfiaola3686]

well if thats true what a greedy biaaaatch

[@elenawilliams32]

@@maryfiaola3686 It's true. Google it. It was boost juice staff!

[@AG-ig8uf]

@@elenawilliams32 I googled and can't find any reference to Janine underpaying her staff in boost juice. The only reference I came across is underpayment in one of Shark Tank startups, but Janine never invested in it, as deal fell through.

[@elenawilliams32]

@@AG-ig8uf I knew people who worked there. Google fairwork / boost. They've done it again recently but only for a small amount.

[@phobos.anomaly]

@@elenawilliams32 You're the one making the claim Janine underpaid her staff, I think then it's also your responsibility to provide sources for that. So, can you provide sources to back up your claims? "Google it" doesn't count ;)

[@dragonimoutjenny4359]

I just popped over the pond to let you guys know I'm out. Cheers.

[@pedromedina2974]

Stfu already

[@maryfiaola3686]

Oh Hi jenny poop! or is this her twin?

[@craigconnell8234]

Cheers Jenny

[@dragonimoutjenny4359]

@@craigconnell8234 You're welcome, hun.

[@clairecadoux471]

Wouldn't the energy used to bring 'jenny says she's out' be usefully employed elsewhere?

[@TheMetal750]

Ormsby is doing better than ever today. His shop is awesome, products are diverse and awesome total win for perry.

[@mohamedorayith4626]

"Just because he is the middle man, does not mean he is the chair man." I love Steve's honesty and willingness to help the investors strive

[@Kaysacks15]

I love how Steve is so honest with ppl and try to direct them in the right direction

[@richgriffinalb]

should have gone to dragons den, they actually want to be hands on.

[@harley7836]

Rich completely agree with you. Her offer is complete BS and as for Steve coming back in when he declared himself out is actually breaking the rules! In fact their all breaking the rules. Because once you declare yourself out, (1) you can’t rejoin and make an offer. And (2) once you’ve declared yourself out, your not allowed too continue giving advice to the person who’s asking for investment. As you well know if you watch Dragons Den. No matter what they call this show all over the world. Them two rules are the exact same no matter what. This version is an absolute joke! XoX

[@Shadow---]

@@harley7836 those rules arent realistic though just for entertainment so I dont agree

[@harley7836]

Shadow it doesn’t matter if it’s for entertainment or not, rules are rules at the end of the day. They’ve been in place ever since the shows started you can’t break them when you feel like it otherwise the investors who pulled out of a product because they didn’t think they would work, would decide later on down the line when they see they was wrong think “you know what I’ll decide to invest now!?!” They’re not allowed entertainment or not end of!

[@mohammedyakub3760]

@@harley7836 don't forget you cant google things on your phone (one of the aussie Sharks googled the competitors of a silicone coffee cup company)

[@harley7836]

Mohammed Yakub i didn’t see that episode but you’re right that’s another rule they shouldn’t have their phones on them while filming for that exact reason!?! I’m guessing the person who argued with me took my advice seen as they’ve removed their comment! I’m not having anyone tell me “it’s entertainment” it’s not entertainment what this guy does on this version of the show, I’ve never formally complained about a show but the one where he wouldn’t let the others speak or make an offer and then tried to force the guy to hand over half his company by counting down pissed me right off and I wasn’t the only one, it made the news the amount of complaints that episode got because of what the nob jockey investor in the photo did it was disgusting and disgraceful not to mention uncomfortable watching a grown man almost start crying Because of the pressure that was put on him especially when the twat started counting down! It was sickening to watch!

[@uscgswimmer1]

The guy on the end who was chirping the other sharks is a beauty. Seems like an honest guy, that’s who I would want to do business with.

[@Yourbeautiful666]

I’m glad he didn’t take that deal. Ormsby Guitars has become such a successful business and their guitars are amazing. Beautiful instruments with fantastic quality. Good on him for passing such a terrible deal.

[@YTisGay]

I'd rather play a $500 guitar from ESP or Schecter. Then use my new $5.5k savings to buy an Axe FX, AR-15, quality cab, and 7 other amazing guitars.

[@hahahadracula]

​@@YTisGay500 for an ESP? Anyway, Ormsby does their own thing, not really comparable.

[@twstf8905]

Omsby Guitars is a massive worldwide company now, with literally hundreds of guitar styles and options, and price ranges to choose from. But, most importantly, he's managed to become so successful because the products sell themselves, due to their very high quality. They even have relatively "cheap" high quality guitars, comparable to any more established or "well known" brand on the market. Dude's doing just fine. 👍

[@nickyweav5820]

I love how at the end his face is just like these guys are a joke and he’s more professional than them

[@AJ-do2te]

So she wanted to loan him 200k with 10% interest and still retain 10% equity in his business. So basically she wanted him to pay her 20k to take 10% of his company. How could he possibly turn down such a great deal.

[@SmileysRevenge100]

*220k! 😱

[@kraze3123]

@@SmileysRevenge100 20k is correct. No correction needed

[@Sanyu-Tumusiime]

@@kraze3123 200k*** you're 10x too small

[@roystendsouza8338]

@@Sanyu-Tumusiime if u weren't foolish enough to understand what he meant, u would have got it

[@purooshresth7809]

I think she was lending him for 24 months which would make it 40k total

[@jcwyu]

200k for 10% then paid back 220k and then 10% compound interest every year thereafter for their pockets. So free 10% shares after 2 yrs. Might as well go to a bank 10:14

[@domlipski5226]

Banks don't help you build a business though.. but yeah, at the end of the day it was a bad deal.

[@m77ast]

I am loving Steve - He is a good man with a heart of PURE GOLD. GOD BLESS HIM.

[@BubbleGumMusicCCU]

People have no idea how amazing Ormsby Guitars are!

[@neurosin]

right? We could all be so lucky to have a custom Ormsby! They're doing FINE now too

[@Kittygory]

Thank god he left those snakes. They were gonna take advantage of his deal and him.

[@reactionmaddness7337]

nora umm..they were not going to take advantage of him and his deal, He went to them for deal if sharks aren’t happy with it they are out

[@Kittygory]

Reaction Maddness yeah the guy was so stupid for putting out a really good deal. They knew he could pitch for more and they would agree but he didn’t realize that so they took advantage of that.

[@soiherduliekvideoz]

@@Kittygory I feel like the guy's counter-offer was reasonable and I'm surprised no one went for it. It's essentially a 5% (or 2.5% if they split it) stake in the company for absolutely free. You know the guy's going to pay you back, he doesn't even need the money, and that 5% ownership is just free money afterwards.

[@davidalpha1200]

I love Steve. Everyone’s a bottom feeder lmfao

[@evanmostowa7277]

He's legit the only one who actually looks out for the people coming in trying to make a deal

[@argirisgeorgiadis9359]

Shark tank? Nah, more like the piranha tank.

[@tommygalbally239]

Omg this is comment of the year. Such funny. I'm laugh. You're making me laugh. For that, I thank you.

[@muaaz8608]

Tommy Galbally “this is comment of the year” “such funny” “i’m laugh” ur honestly hilarious kid

[@GeneralGravys]

Not really. Piranhas are actually VERY timid creatures. You can swim in a pool full of piranhas, and be just fine. They only devour vegetation, or anything that is already dead and motionless.

[@soiherduliekvideoz]

@@GeneralGravys What if they're starving though? Not being argumentative, I'm genuinely curious and you seem knowledgeable on piranha eating habits.

[@billyhendrix5544]

That Les Paul body with the Hammer head cut out at 7:15 is gorgeous

[@macland4403]

The guy was well on his to becoming a millionaire on his own, he made the best decision by walking away. The only reason the repayable loan was offered was because the sharks fully well knew he had enough cashflow to easily repay them.

[@OP-oc1rx]

Sharks totally underestimated this guy, probably based on appearance. He handled himself like a true professional and kept it together for the entire time. I can't believe the sharks didn't invest in this.. and also the counter offer made at the end was completely fair. Well done sir I hope you get rich with your business.

[@sh1nypantsgaming661]

Probably one of the worst offers I’ve ever seen on this show. They now they’d get paid back and the guy would basically be paying them to take part of his company.

[@JacaboBlanco]

Shark tank Australia is such a joke! Get some real investors

[@zach6210x]

Jacabo Blanco there all daft twats 4sure

[@ididntknowwhattowriteforth2240]

No u

[@zach6210x]

Charbel Badr No, u

[@me6057]

Zach no u

[@JAGtheGuardian]

@@me6057 no u

[@kimike15]

i love steve, also genuinely looks after to help the business owner not just profit from the investment.

[@JamieSmith-lw5ge]

I think its special that people like Steve help protect these fledgling business owners from getting played. Hes the best of the bunch

[@oscarsaavedra6962]

Sharks: your asking for too little, but let’s take more equity while we’re at it.

[@austinkatz1551]

The way I see it he would just be giving away 20% for a loan he doesn't need, might as well say "I'll be your friend for 10% of your company" lol

[@noticedruid4985]

Hey they never said anything about being his friend especially with that kind of offer lol.

[@AlphasPath]

He could've countered them with either a royalty deal or an equity only deal with slightly higher equity (12.5% for instance). It would've reduced his risk in terms of defaulting on a loan. I think at least one of them would've taken it. Nonetheless, I think the sharks were a bit too greedy asking for a guaranteed return on such a good deal. I think his numbers are brilliant.

[@Jaydoggie1]

the guy was making $800k profit a year he didnt need their money or a deal, all he needed was the free marketing the show gave his product

[@ozymandias8523]

​@@Jaydoggie1he wanted a mentor too, but the sharks were excessively greedy

[@pozloadescobar]

Tremendous job declining, that "offer" was robbery. Kudos to this very impressive man

[@taigre1954]

I respect this guy he came with a goal a dream and nailed it. Extremely professional, nice, knows his facts, and did a great interview.

[@elpollo8950]

youve made a poor decision she said. Im sure she has made her psychiatrist filthy rich

[@BGoodman1995]

Barbra from Shark Tank USA: “ I don’t live in Australia, and for that reason I’m out !”

[@TheTerranscout]

I like these Barbara jokes, but I looked up the net worth of each shark, and she relatively far behind the others at 80m, and a lot of that might still be in real estate and not "cash". Lori is over 100m and she made her money initially through non real estate investment. In short, her pocketbook feels it the most when a deal is made lol

[@kenziepickles]

also Jenny from Dragons Den "I cant travel to australia for the free water, so for that reason, Im out"

[@SymbolicSplenetic]

He totally made the right decision. Ormsby is on fire when it comes to demand, and I could easily see him growing bigtime provided he doesn't go the way of other *coughBRJcough* custom guitar makers. If I was one of the sharks, knowing what I know, I wouldn't even negotiate or ask any questions. In fact I'd likely offer him 400k for 20%.

[@LightsaberGoBrrrrrr]

I play guitar but don’t know a whole lot about boutique brands - what was BRJ? And what did they do?

[@Gcool243]

I just love this guy. He was so humble and it was just nice to see

[@ethanhernandez4603]

Are we just gonna ignore the fact the guy with the guitar is Jake Howsam Lowe from Plini and The Helix Nebula?!!!!

[@Seekah_]

Steve was the only one being hounest, damn bet his glad he walked away! If it aint broke dont fix it, keep doing what your doing

[@shadowhunternz289]

Jenny: i came here for the comments, not the video, and for that reason, im out.

[@FoxtrotNE]

These sharks r broke af. They just dont have the money to invest like that. Thats why the just bs it and say they r out

[@TakaTom1]

Well I mean all of the Sharks except one are worth over 100 million dollars...

[@Yakanhikoerotikkushiti]

@@TakaTom1 from this I doubt it. The guy was asking a little and had a good business. Why wouldn't a shark support a business that is successful? Whole point of the show is to support a business that can be very successful? So they can't support him because A. "I don't know anything about guitars" which is absolutely a joke. Most business they help they don't know anything about the product so what gives here? And B. "Your business is doing good therefore I am out" I'm starting to think the investments are just at fucking random now.

[@TakaTom1]

Hotel Madoka don’t wanna burst your bubble but it’s a tv show...it’s not real, none of the shows like this are real 😂 but you keep believing what you want little sheep

[@FoxtrotNE]

Taka Tom the one in the US is definitely real. A buddy of mine was on the show and its 100% legit but really hard to get accepted to get on. Idk what ur talking about. Im sure the one in Australia is also real given the fact that they don’t feel comfortable investing alot of money

[@TakaTom1]

ROD ETTEFA 😂😂😂 okay buddy, keep believing everything you see on tv

[@randymiles-j1w]

No guitar player wants to hear “charge more” just because people CAN charge that much, doesn’t mean they’re worth that much. Look at Gibson. They’re prices are ridiculous 2 or 3 grand. Then you have companies like Ltd and schecter with MUCH BETTER woods, hardware, and electronics that are charging much less and have unbeatable qc unlike Gibson. I’m not picking on Gibson. They are just an example. With people putting out better and better instruments for less and less, it’s not the time to charge more.

[@wolfganghumboldt4830]

Ormsby guitars are well known fine instruments now. Had no idea he was on the show.

[@Facts_and_Funny_Talksin_Telugu]

Steve was right it's a bad deal, he doesn't need their money.

[@BigToker420]

And now Ormsby is on top of the guitar game.

[@tph5196]

Really? Im not a musician myself but those guitars looked and sounded awesome I'm glad to hear the guy did well for himself he sounded very invested in his idea and brand

[@danielmolina7834]

@@tph5196 well he has been pretty well known and succesfull in the Metal music scene. For quite a time now

[@pomegranatepip2482]

Perry, if I had the cash I’d buy one of your guitars in a heartbeat mate, just for the way you stood your ground! Good job, and good luck.

[@abcrx32j]

4 years later, Ormsby is still producing high quality stuff, getting more artists, has more guitar models, pre-orders still go fast and the import versions are really nice guitars at a decent price.

[@jasonmorris1476]

Jake standing in the back "You guys wanna watch me shred machine by born of osiris?"

[@67stang6]

“ you have gone in with an exceptionally cheap offer” and for that reason I’m out I’m dead

[@FlyboyHelosim]

Even though he valued the business higher than what his projected turnover would be. If it was Dragons' Den they would have slayed him for that, rather than going with it.

[@Swnsasy]

This is like greedy tank! He should have went to Shark Tank or fly to Europe to Dragons Den! Jenniene is greedy and always makes the deal so damn complicated... This one is so annoying... He did the right thing in my opinion.. If I had the money I would 100% buy one of the higher end guitars because they are beautifully made...

[@Life-Specs]

Or fly to Kenya to lions den

[@dnd6379]

Derick Njofu hahahhhH

[@calebpurvis2872]

Ormsby is such a renowned brand now, didn't expect to see this

[@nath-wp7xp]

caleb purvis I’m not big in the music industry. How big of a renowned brand is this?

[@freezingjazzy]

@@nath-wp7xp It's very big in the Metal community. They have a lot of innovative designs and a lot of KZbin personality to back them up. They're also really fucking good guitars. Just search up "Ormsby" on KZbin and you'll see a bunch of praise.

[@nath-wp7xp]

Freezing Jazzy thanks for your reply.

[@freezingjazzy]

@@nath-wp7xp No problem! Always happy to help non-musicians!

[@wyohorseman9948]

@@nath-wp7xp look up Jared dines 18 string guitar in KZbin Ormsby built it

[@endtimeguitarist]

@8:12 i really like how that man was genuine and actually advised what was honest.

[@sigourneybrand5695]

This is so ridiculous, how often do they complain „if you only want me for my money“‘ and „it’s our expertise that your paying for“ they made it clear a day that they have no intention on spending time on the business, that alone made them pass off on a deal with not only a more than reasonable evaluation but excellent profit returns. The only deal they were interested in making was the equivalent of a bank loan full stop. I agree with other commenters if this was the states or the UK I think no Problem they’re would have found a investor who was more than happy even excited to become part of his business. 100% he made the right decision I‘m glad they rejected counter I think he’s way better off not having one of these sad excuses for a shark involved in his business. I also think it’s very telling that the businesses that they choose to go after are the ones that are typically struggling don’t have the best sales reports have outlandish evaluations indicative of an owner that doesn’t really know what their doing. That way they can string arm them into a deal that favors them a hell of a lot without the person asking for investment being able to give much push back if any at all, and be much more vulnerable to be taken advantage of.

[@exstratos2477]

+1 respect for Steve for not trying to rip him off

[@EDINTOWN]

Steve is the only one with serious cash!

[@Jaydoggie1]

andrew banks is worth well over 300million the poorest shark is janine and shes only worth $66million...

[@solexcollection]

Johnson paul nah they broke, couldn’t even put up a decent deal for my guy, gtfo

[@jshshh1041]

Loved his counter offer. Played the same game they were playing. They wanted to view it as a bank loan for interest AND equity, then you don't get it at the valuation I have. And they had the gall to act like that wasn't fair

[@awaisakram8573]

Steve was brutally honest . Thanks to him for letting the dude know what he was getting himself into

[@goldeneddie]

Wow. Totally lost what little respect I had for those two in the middle trying to mug the guy! Good for him refusing that robbery. I hope he develops a world-renowned multimillion dollar business!

[@D4veJap4n]

And now orbsby are one of the most sought after brands out there. This was a good thing they didn't make a deal. Or they'd be mass produced. Instead of few and far between masterpieces

[@mehere8038]

so that idea he came on the show with of making cheaper versions never happened? Sounded like a bad idea to me, so I'm glad it didn't, but kinda surprised, given it was his idea & no sharks said "don't do it" either

[@Morethantalkmusicofficial]

This is not the shark tank is the dolphins tank, they just are there to look nice and play a bit but in the end they just do a show... But No invest

[@user-tu7rh2hr1n]

They invest dude. Checkout other videos.

[@markusmanner3338]

They missed out on a good deal there! In hindsight this was the best deal for you mate! Well done to stick with it. Now you got a brand of exellent guitars well known around the world. Id be proud to own one and play gigs with.

[@Nikolajnen]

How honorable of Steve Baxter. Nothing but respect for him and his deeds in this episode. What a sweet man.

[@audijoseph2371]

I LOVE HOW JAKE IS JUST WAITINGGGG TO SHRED HAHAH

[@nastyrex4302]

It was my favorite part. He was fucking itching to go

[@theraginggam3r679]

Oh man it would’ve been so good if that dude with the guitar played intense music when doing his pitch and getting offers 😂😂😂

[@scottbanks7922]

He was looking for a mentor not an investor, all he needs to do is hire a business manager with no equity lost and if it doesn’t work he replaces the manager until he gets the right fit for his business

[@XxZeldaxXXxLinkxX]

You can't just go back and forth between managers, life doesn't wait for you to figure out your business. A bad one is going to drive your business to the ground. You need a good one immediately.

[@sharktank7098]

Yes totally agree with you

[@mohamedorayith4626]

8:20 is where Steve shines . Too honest and I love it

[@vaibhavjoshi9141]

OMG, it's Ormsby guitars! They are the only Australian luthiers on the world map and carry a good rep. Have since launched their import guitar (Made in Korea) guitars and seem to be doing well. The reason he wanted Andrew was for the US market.. That's the primary market for musical instruments (more so than other products). Aussies, you should be proud of them.. Check out his copper top guitars :)

[@weresmurf]

Their greed showed through in a huge way. Glad he wasn't screwed over.

[@miceears2019]

Steve is the only nice guy to the business owners coming in.

[@ongyuji5751]

That was one of the worst deals i heard in a long time They basically said i will guarantee u i will make u rich ,but i want more money .If this was true then everyone should be a millionare

[@tummytub1161]

These are probably going to be a collector's items in 2050, like the 1959Gibson Les Paul. They look and sound really good 😍

[@dragan4658]

Honesty in business is rare, Steve was brutaly honest.

[@Nautilus1972]

She basically offered them a loan for two years that they don't even need. Good job mate.