Sharks Throw Offers of $300K for Million Dollar Coconuts | Shark Tank AUS

Jake McKeon came up with the idea for his Coconut Bowls business on a 2015 surfing trip to Bali. Jake's $3 million business valuation has real sales to back it up, but who will win the bidding war?
Company Website: www.coconutbow...
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #CoconutBowls #Lucrative

[@MrAnderson3]

Respect to Steve for giving him some real advice

[@mplvt]

He won in the end he was right he got them to single digit equity lol but apparently he ended up not taking the deal

[@UserName-sw4pm]

@@mplvt Even bigger play, dude just came to market his product.

[@jessetaylor7951]

Yeah but he wouldn't like someone blowing up _his_ spot when he was trying to scam somebody else, which he routinely does exactly the way they are to this guy. It's gross how greedy and quick to take advantage of somebody ALL these "sharks" are... US version also, if not especially! They think they're so special because they're one of such few people to make it to their, say, 'financial stature', but my opinion is that it's probably much easier than one would think if your ruthless enough and willing to step on and fuck (sometimes figuratively, sometimes literally) enough people to get to the top. It's just that most halfway content people with a drop of gratitude and empathy draw the line somewhere faaar before the one these 'sharks' crossed long ago.

[@kurt10k74]

@@jessetaylor7951 salty...

[@jessetaylor7951]

@@kurt10k74 yes lol

[@DanCampbellKneecaps]

This guy had all of them. He literally could’ve said “actually you guys stand up and pitch why I should choose you” and then sit in their spot

[@franciscolaurean8550]

He should sit down and ask "So where are you from mate"

[@megumholtz8132]

steve was definitely helping him. they were just mad because he was telling him what they didn’t wanna hear.

[@imfamouswarrior2976]

fr, its sad he didnt listen to steve more, the sharks were desperate, shouldve pushed to at most 15

[@andyman820]

I do that playing monopoly if someone is trying to push a lopsided trade deal. Drives them nuts

[@ainsleyharriott2209]

This is one of those ”Why didn’t I think of that” successful products

[@UnordinaryCarl]

cause everyone is too busy doing ahegao profile pics, tiktok, and being an "e-girl" lol

[@UnordinaryCarl]

e-trap/ th0t zucc banned

[@thomasboi2255]

Is that you in your pfp pls tell me it isn't

[@Kayg_]

@Trevor 123 yeah but nobody did what he did, selling them all as a product than just using them

[@daprince001x5]

@@Kayg_ yes marketing

[@LaughLounge11]

steve is the only shark who's willing to help here.

[@B-RaDD]

Andrew too

[@AymanWithAPlan]

He pretty much always is

[@CHRIS-ob4hk]

Update guys: Coconut Bowls has grown to over $5M annual revenue😎

[@atreyiyer7822]

Thank you

[@akwa2273]

Steve's right again

[@MysticalStd]

Oh wow bruh

[@taronmk2762]

Wauw😆

[@joesr31]

Revenue? Whats the profit or at least net worth? Revenue means little if the cost is high as well.

[@kimberlyrose984]

As usually, Steve talks sense AND consistently looks out for the entrepreneurs

[@PerryPlatapussi]

Finally a great business! Research says he's expected to hit 5 million in revenue this year!

[@What-hj5jv]

Wtih c19 in the way? Seeshhhhh

[@adanmartinez3498]

@@What-hj5jv a lot of his sells were online

[@MindManipulatorX]

Just did some research. He didn't accept the offer after the episode was aired, and he has made a ton of money

[@goldentemple1904]

Send the link

[@raquelvlogzz1183]

@@kippiefc1398 THE COCONUT GUY IS THE REAL SHARK.!

[@aravindhm1068]

Good for him

[@kippiefc1398]

RAQUEL VLOGZZ I totally agree, the sharks only care about the profit

[@kippiefc1398]

Bailey Miller still some offers are insanely high and just rude

[@karamvirparhar8122]

“Im an opportunist” such a baller response!

[@harinupadhyay1490]

Vegan bowls now has 2.7 million followers in Instagram and the coconut bowls has 693k followers that is Amazing!🔥🔥

[@angryyoungman4389]

Apne India se Kele ke Patte ki Plate le Chale Angrejon ke yahan bechne bhai kya bolte ho😂

[@aerin4666]

@@angryyoungman4389 moj kardi wah bete wah..... 500k for 10% 😂

[@angryyoungman4389]

@@aerin4666 yahan ke pattal wali plate aur lakdi ki chammach😂

[@bbiigggggg]

That's Sad 😔

[@MrBlackberry562]

Someone pitched the same idea in Shark Tank Mexico and all the sharks just laughed throughout the whole episode

[@franciscolaurean8550]

It's a dumb idea to people who have seen those bowls or have easy access to coconuts but dude build a community and brand so his will sell and is making bank

[@curiousmind3118]

He is getting paid for his ideas and business. He is not just selling bowls!

[@MotivationalGoggins]

I always love Steve saying he’s out then saying the other sharks deals are trash

[@iceddill6787]

He was right tho. Dude didn't end up taking any offers and now makes 5m+ revenue, Steve just doesn't like natural stuff lmao.

[@Hasan-ir5zl]

Look at that greedy Janine coming down from 28% to 18%

[@thomasboi2255]

I know right. Greedy ass

[@hoowang9962]

and she also finally made a deal!

[@thomasboi2255]

@@hoowang9962 i read deal as anal

[@helpmereach69ksubswithnovi44]

You don’t understand business do you?

[@Hasan-ir5zl]

@@helpmereach69ksubswithnovi44 No I Don't. That is why I am watching this show on KZbin rather than being on it.

[@emma-zk6ql]

4:43 Andrew had me wheezing💀

[@sanyasaxena2109]

he is so adorable xD

[@Abcdefghijajajaja]

@@sanyasaxena2109 ADORABLE

[@Abcdefghijajajaja]

AND 6:40 ahh😍

[@TheGigamite]

Glenn's face when Steve says "I'm out" is hilarious and kills me every time

[@taylorslone2296]

I feel as though they all secretly hate Steve lol

[@caseyjamie818]

Bc he’s a savage and has no problem calling all of them out lmao

[@ChrisKlein0]

Yup because he calls them out for ripping people off and his offers are always fair.

[@victoriaarcturus203]

No one is more hater than he who speaks the truth

[@mgill404pfft]

Steve is the little angel on every entrepreneur's shoulder in the den. "Don't do it mate!"

[@ClarkRahman]

I love it when the entrepreneur flips the show and the investors are fighting to pitch to them.

[@dangerdavis3613]

Its so funny how the evil music plays when Naomi gives her offer

[@Abcdefghijajajaja]

“Evil music” cringe

[@jesletkuriakose]

Steve is such a great guy He knew they are ripping him off And for the guy Well he has two sharks still owns 82 percent so what a fantastic deal

[@AndreAvilaVlogs]

@Manchester United Season Ticket Holder really?? Why??

[@JewTube001]

@@AndreAvilaVlogs deals are generally only for the tv show. like you wouldn't really expect the bachelorette to marry the guy at the end right?

[@drpk6514]

Have you ever seen a deal which wasnt a rip off?

[@Jacelyn-tn6mq]

Steve's offer of sound advice was the best.

[@velvetp5754]

Steve is the most blunt out of all five. Comes off a little brash at times. BUT. Time and time again, he’s shown to always give great advice even when he’s not investing in the guppy. I think that’s a real show of character.

[@shaaku01]

Classic 😂😂 game theory comes into negotiations especially when Steve talks . He thinks qouting below 18% isnt worth it ..but he still manages to make the bidding harder for his friends 😂😂

[@wexdontxdie6019]

Funny how they all switched up and started giggling like schoolgirls once he revealed the numbers. And the ladies going lower than the guys? Wow! They are usually the ones scamming people out of half their business after the guys say no 🤐

[@crazyjo2197]

Love Steve, such a good bloke. Also love how the sharks keep going down without him even responding lmao

[@Tastefan1]

Us Mexicans have been doing this for hundreds of years.

[@alvarotubin4940]

Que dijiste?

[@Tastefan1]

Alvaro Tubin Que nosotros Mexicanos hamos hecho esto por cienes de años.

[@vikramkulkarni3928]

😂

[@BravissimoPP]

Well, wrap it in nice modern paper, tell a story create a great logo and you too might sell 100 thousand coconut bowls in your country

[@alvarotubin4940]

@@BravissimoPP mucha por favor escriban en español me interesa y no entiendo jajaja

[@mrgoober8805]

I mean wow. They might be nicer to the ones who come into the tank... But damn, they're ruthless to their fellow sharks. New Respect for the Australian Sharks

[@vishnupriyasairamesh3038]

Steve is always awesome ! Maan he always gives the right suggestions even if the other sharks are trying to shut him . He is the man !

[@itsluckey4213]

4:42 that "ahhhhh" hahah

[@omercan71]

After watching this I went and bought a coconut, saw it in half and got two bowls for 3 dollars.

[@Ronkyort0dox]

Where are your millions tho?

[@carlawilkinson4843]

I live on an island that is plentiful in regard to coconuts.. i get these bowls for free..

[@royaltee960]

Mindfked!

[@nschwartz25]

Part of it is they are reclaiming the waste from other sources. Not just harvesting the coconuts for the bowls.

[@franciscolaurean8550]

Now thats a lot of damage

[@bienkee5278]

Never judge a book by its cover.The well dressed Dragons are impressed with the unimpressive dressed guy's business! Love this Show.

[@ShoXruxTJ]

I love watching it when sharks fight over a good food

[@shiqara]

Are you in UZ?

[@ShoXruxTJ]

@@shiqara no

[@vouchme4079]

Steve was actually right and knew that the business was go over and beyond, it's now has a valuation of 5 million as of 2020.

[@renz7856]

Only if shark tank US would also create their own utube chanel and start uploading full videos. Per pitch at least

[@leeshanpillay1253]

They all are in shock when he mentions 300K. That is pocket change for the American sharks, especially Mark Cuban

[@JewTube001]

Of course, Cuban is richer than 99.99994% of Australians. You'd have to get Cannon-Brookes or Pratt on the show for something more comparable.

[@papcheikhou]

I legit laughed so heard when steve said “im out” 😂

[@JewTube001]

"i hate vegans, so im out"

[@XSteve-gz5ko]

when the cameras stopped rolling, Mr McKeon surprised everyone by turning them down. “I did not accept the offer - we filmed in February, and the pitch used figures from the previous calendar year. By the time the episode aired … the business had grown dramatically, and ultimately, I just decided because the business was growing so much, I didn’t really need the cash injection He said he now expected to turn over up to $5 million in revenue in the 2020 financial year after revenue “tripled” following his appearance on the show.

[@dianbll]

source?

[@camflht3463]

Yeah thats really interesting if true

[@fionacortali9003]

What’s the TV contract?

[@somerandomguywastaken]

@blake philbrook what on earth r u on about

[@vouchme4079]

blake philbrook they never finalised the deal nor had any contracts prior to the sharks so he still owns 100%

[@CoconutBowls]

This brings back some fun memories! Thank you for the opportunity Shark Tank!

[@flinryder7119]

Congratulations on your business 👏🏻

[@wittyroark]

I have watched so many videos of AST. This is a first time I have seen NAOMI actually giving an offer

[@Bmage28]

I'm so disappointed he didn't enter skipping and do the monty python coconut horse sound.

[@orangeheartguy]

Steve: Adviser/ Andrew Summariser Naomi: "aIM AOUT" Janine: Devaluator Glen: "opportunist" 😂😂

[@reymar128]

The lead up for "this year's forecasted growth" was sooooo extra

[@umarazeez3438]

Making money is the plan and with Bitcoin your plans can accomplished.

[@johnmike8563]

The only way to earn huge amounts in forex is when trading with an expert trader

[@johnmike8563]

Don't give up your dreams.. . .

[@khayonemphonbokamoso6643]

True, I've been Able to grow my account to a high level within a month under the guidance of a good account manager.

[@khayonemphonbokamoso6643]

Yeah I've noticed that the success behind my profit in Bitcoin Investment is not solely on my skills but the help of Adrian Brayden Caleb, the best trader I've known so far.

[@khayonemphonbokamoso6643]

==+==1 (2==5==3) 5==2==7-0==9==4==4==

[@filip30051]

He really should have said : Whoever goes to 15% gets the deal.

[@lotustran4227]

He didn’t ended up taking the offer anyway. I think he just wanted to use the show for exposure. Now his business is at 5mil

[@zaidar4527]

This got recommend to me. And I don`t know why, but I`m obsessed now haha.

[@deletrious]

" I am an Opportunist" Best line ever

[@jg3068]

His coconut bowls cost $14-37 each ?? It is only $1 here in the Philippines. Damnnn..

[@iqbalahdagita]

that called rebranding and quality. they education the vegan, and of course different cost living.

[@XuanNguyen-cl8vs]

Coconut bowls are among Vietnamese traditional products. He's really smart to market it to the world.

[@Kat-qb1uj]

“You went from a joke to someone serious” No you’re the joke for being that closed minded lmao

[@julietteh-videos]

I agree, it was very rushed on her part. But, it made for good TV!

[@saurabhraj19]

Lol i know this guy he turned so much cash that year he didn't need the capital injection and later rejected the deal

[@saurabhraj19]

@Alex Obey nope I know him through mutual friends, everyone knew he made bank. Don't always assume people just know others from internet 🤷‍♂️

[@Majin10]

Saurabh Raj why even say you know him though lol doesn’t make you special being associated with them just seemed like you wanted clout from knowing a basic fact about the guy

[@saurabhraj19]

@@Majin10 uhh basic excitement of seeing someone you know online? Sure i got soooooo much clout on the basis of a reply to a comment 🙄

[@clayhough4972]

The part when they're arguing around the 11 minute mark is so bad it made my head swim. You can tell that they just completely made up a minute long conversation with a bunch of Clips put together.

[@alexevans997]

Good on him! I would have tried to get Andrew and Janine to do 14%

[@acucareclinicuk8762]

One of the best pitches! Really enjoyed watching this 🏆

[@tobiasobermayr501]

Steve's laugh is priceless.

[@bennyhannaou812]

4:42 LMFAO!!!! Sounds like a skeksis from the Dark Crystal...

[@alexisshipe3514]

It's Andrew's smile and "ahhhhh" for me lol

[@wakboy7499]

Coconut bowls!! I feel like a bloody idiot right now!😭😭

[@putter0783]

Love how Andrew tip toed around his question around getting into the states, could be why he ultimately didn’t take the deal after the show aired

[@victoriaarcturus203]

A lot of people don’t come on the show looking for an investment they do it for advertising

[@ruffpnr9299]

I thought Steve after getting told too shut up would be like okay 300k for 10 percent 😂

[@mysic2076]

Physical contact... Hugs, handshakes and kisses... Gone are those days😭

[@mahima4900]

😂

[@indyjones1173]

After this show aired, hundreds of wannabe coconut bowls makers popped up. It's now everywhere and all compete for a share of the market with prices well below the 12.95, not to mention how easy it is to make one yourself.

[@allaansnackbar4269]

Always the Asians and Indians with their copying and infringing

[@indyjones1173]

@@allaansnackbar4269 There's no infringing of copyright here. The bowls are not protected by any IP.

[@angierose1143]

@@allaansnackbar4269 he literally stole the idea from an asian country! Did you not notice?

[@willschofield1210]

I bet they don’t have millions of followers and people tagging their company on Instagram !

[@drpk6514]

Just search on Alibaba. There are lots of it and other shapes and models too.

[@kevindunlap5525]

I wish Americans could appreciate the wonders of Indonesia. I've been to Bali and Jakarta twice. My folks lived there for a couple of years. I understand the relationship with Australia better than the average person. Some remarkable people, and although it's been years, the cost of living was easily justified by the wonderful history and culture. The Rice Table and Coconut Chicken have stayed in immediate memory for over 30 years.

[@tjsbbi]

He'd have got an offer from Steve if he'd served him beef chilli in the bowl.

[@tobiasobermayr501]

I can't help but feel that 80% of the facial reactions from the sharks are just randomly cut in to make a story. I don't believe they are cutting this in real time.

[@mrfookayu]

Lol straight in they are all looking at his feet 😂 ... Should always wear shoes and pants to an investment meeting people!

[@rebekahmontesdeoca565]

Didn't matter in the end. All that matters are the sales.

[@agofficial1]

Technically he got what Steve mentioned with 2 sharks at 9% each so good on him!

[@classicrevenge5362]

That’s not how business works buddy, it would’ve been what Steve said if it was one shark at 300k for 9% or two for 600k at 9% each

[@peterd788]

I’m not surprised he later turned down the deal. This was actually a rare example of someone underpricing their business.

[@Pludrike]

Its the same concept as a pet stone, it dies out.

[@willianh.2741]

And the sharks still lowered his valuation...

[@nzshareman]

Change the world with Cocnut bowls omg who would have thought.

[@elliotcoyne7431]

Dude just made it the guppy tank😂

[@missry8587]

In Ph, people normally used coconut bowl, and in Ph, creating business is pretty much harder cause almost all of the people here are doing business that no one wants to buy a thing from others anymore. You established a unique product then boom, half of the country will do the same thing or people will create their own products.😅

[@iqbalahdagita]

Omg this person, so amazing. I know him on Bali Article so popular. Good Luck man. Happy to see you on Shark Tank.

[@ZevMeth_originaljewishmusic]

I'm surprised Steve didn't dig deeper!

[@ajus009]

All the sharks are nastily behind each other when they saw this million dollara business

[@lovemore4083]

Would have chosen Glen over Janine and Andrew mate because you also have to look at an individual's net worth and their wide network of people who work with/under him. Glen's net worth is 700 million dollars which makes him the richest shark among all sharks . Down the lane if your business is struggling to make desired annual profits he can hire the best minds in the world to keep your business alive . "Money talks" glen will and can make it talk for as long is your business is under his umbrella.

[@smallnoob7577]

🤡🤡😂

[@osod2500]

and this is why u will never be good In business

[@justinrobinson5267]

Steve tellin em to stitch him up at single digit 😂

[@Straightupshooter]

OMG, Naomi made an offer 😂😂😂😂😂

[@OverlandOne]

Barbara: " I am not from Austraila and not even on this show, so for those reasons...I'm out."

[@mohammadariefwibowo7199]

People in Indonesia has been using these for decades.. not really a new product, but with correct marketing strategy it can grow skyrocket..

[@EternallyGod]

No way another business wont start up for ALOT cheaper....12 dollars for a coconut bowl is crazy.

[@TheAazah]

Have you not seen his website? Nothing but priases and he's instrgram followers is almost 1million

[@EternallyGod]

@@TheAazah Did you just say instagram, i cant stop laughing. The world doesnt revolve around social media.

[@lewiskelly14]

@@EternallyGod and that is why you are not in business and have no money

[@KelonOWedderburn]

@@lewiskelly14 well said

[@EternallyGod]

@@lewiskelly14 Ran a consulting business for almost 16 years now. I could of retired even before starting it to be honest, but then i would be bored for half my life. I love to work, i am not like you idiots doing some shit job that you hate....i found something i like and make alot of money doing it. Even now things are slow, but i am enjoying it...

[@pindagaming7448]

Andrew"Let Me Summarize"Banks.

[@shubhamjha4158]

That Ahhhnnn by Andrew 😂😂😂😂 And Steve's offer is ..I am out. And he's an honest and true speaking investor👍

[@aqibahmed1170]

Finally naomi made the best offer. Very surprising and refreshing to see. Great to see the shsrks fight. Shame no attempt at any negotiation. He may have got 15%? Who knows but good 4 him 2 get a deal.

[@bobbarrett2631]

What a missed opportunity of "The Tail Wagging The Dog"

[@NottheMaddenGOAT]

A girl from Sharktank Mexico had a similar product but all the sharks rejected her offer because they thought it wouldn't sell.

[@petrapinter349]

This is more entertaining than dragons den lol the banter between the investors is amazing

[@elle7899]

I just bought a box of gelato and they came in coconut bowls

[@lussfk13]

4:43 "aaaah" I LOST IT 😂😂😂

[@thomasross7376]

He wanted Andrew from the beginning. The states is where the money is at but also the competition

[@aidanreyes3572]

4:44 when my uncle looks at me

[@arshadhossainkhan2424]

Steve the real guy plays like real shark! What a gentleman!!

[@siajanny2540]

Not only only coconut bowl, in our country various types handy crafted pieces are made with coconut shell, even shirt's button also made from coconut shell. How cool is that?

[@Iam1nsane]

Once in a while you see a guy who will one day sit at this very chair in the near future. THIS is that guy.

[@shivaroyal1437]

Every shark thought it’s a dumb idea until he revealed his figures.

[@claudlibre]

I hate it when Steve disrespects anything that has to do with healthy ( yoga, vegan, lactose-free, gluten free etc) . It is a choice of life Steve!! and I am happy this guy is making it in the industry. Humility and big brains can get you to places!

[@elizainton2523]

That’s not original idea that idea is already used already in locally in Asian countries

[@zenitsuagatsuma7693]

right ! we even have a spoon & fork using a coconut shell

[@value8035]

Yes, just because he is a white dude, it is sold for $12. If a typical asian dude try to sell it like that, it will be ridiculed, and no one Asian can make up the mind to sell it at that price. Sad.

[@jasonbenitez4219]

Is it me or did they keep looking at his sandals lmao 😂

[@carlawilkinson4843]

Unprofessional.. this is a job interview of sorts, isnt it?

[@chillythechizard3]

First time in history Naomi actually throws an offer😂

[@MrClassifide]

I though that snl bowl skit was a joke. Homies making mad dough on hipster bowls.

[@bonbuilder1329]

They should wait until the deal is really made before airing the video. This is legit free marketing and sponsoring

[@keletsolethabo]

They didn't take him serious until he mentioned his sales