Pretty Rugged Inspired By The First Man To Sail the World Solo! | Shark Tank US | Shark Tank Global

[@franciszkajanuszewski3982]

Robert and Lori are amazing together; I really love the ending with Robert. He did the blanket coverup on others twice: one for the beginning of this episode and right now! 🥰😆😃

[@MultiJejje]

70-80% margins. Trade shows took 180k. She sold 1.2 million. Profit was 32k. Ofc there much be big mistakes. I searched update on this and she never closed this deal with Robert and Lori. Most likely there was some major things she didn't tell.

[@MultiJejje]

70-80% margins. Trade shows took 180k. She sold 1.2 million. Profit was 32k. Ofc there must be big mistakes. I searched update on this and she never closed this deal with Robert and Lori. Most likely there was some major things she didn't tell.

[@stuff1784]

Not surprising!!!

[@franciscolaurean8550]

$3 mil on sales with 80% margin but profit only 32k? Somehing ain't adding up

[@Amm17ar]

My assumption might be wrong, maybe shes mismanaging in other areas, but 4 trade shows at her quoted top end of 4 shows in the last year.... 120k....400k on the inventory she said she bought.....3 million in sales and like you said 32k left lol? I think shes living large, paying herself or using the businesses funds for something else. Im making an assumption here but I could totally see her staying at 5 star hotels and buying first class flights to her trade shows lol. Her books are absolutely cooked for that to be happening.

[@alecscarcliff9522]

@@Amm17ar or someone is stealing money!

[@legendavion3032]

She said so many trade shows, so I guess too much money on that

[@akosua8779]

Big salary to herself

[@Amm17ar]

@@legendavion3032 she said 4 last year and they cost her anywhere from 10k-30k.

[@randomtimessomehow]

she talked more about herself/what she wants/her grandfather than the product/business

[@stuff1784]

Yeah, that annoyed me.

[@micheal-on5ic]

rather than not grandfather

[@MAGAprincess]

I'm willing to bet that the deal did NOT close, bc there's DEFINITELY something this woman isn't telling the sharks about her business. Like no way she's just that god awful with her finances!!

[@jpark28]

I bet she's taking a huge salary

[@AnhHoang-oo3xp]

Running around selling at trade shows cost too much and there's only so much people you can trick into buying a $300 China blanket.

[@alexb6695]

Yes. Very weird. 80% profit, but her company is in red. If she is so bad with numbers, how she managed to run business for so many years? She must be in dept up to her neck.

[@oneheadlight8000]

She is from New York.. you spend 40% of your margin on just storage for inventory in that city

[@alexb6695]

@@oneheadlight8000 I can't remember, if she said, "80% profit is NET or not and for how many years. Over all they didn't ask much about her numbers. That would've make things clearer. However, 80% profit n company loosing money always should ring alarms.

[@toolsdealsautomobiles6980]

She needs to cut the trade shows and sell online with Facebook and Instagram adds

[@Jasper-Holland]

290 dollars for a blanket 😂

[@houchi69]

Ya, absolutely not.

[@m.naqshbandi9694]

Women owned company

[@houchi69]

@@m.naqshbandi9694 Ya, so?

[@bluewassabi4279]

@@houchi69 it's utterly useless and a scamming one, that's what may be conveyed.

[@3jacksonderek]

You all sound poor.

[@janinecarreau1929]

boy was she wrong, faux fur is back in stores again

[@mirsan6705]

Heck yea!

[@sophialejtman5504]

I think its a great product! Best sharks for the deal! I love cozy soft faux fur and sherpa.

[@quinnvids]

i love how excited robert gets 😊

[@justindickson6556]

Ferdinand Magellan Ferdinand Magellan (1480-1521) was a Portuguese explorer who is credited with masterminding the first expedition to circumnavigate the world.

[@drpeppaerdrpeppaer5434]

So, she uses Chinese sweat shops to make a cheap products that she over prices and rips off her customers, but its ok, they are an all woman team...

[@pinkfreud62]

Too freakin expensive. No wonder why the margins are huge because she's freakin greedy.

[@mRman5321]

Barbara was outside waiting to say i'm out

[@darren5472]

Sir William Robert Patrick Knox-Johnston CBE RD (born 17 March 1939) is a British sailor. In 1969, he became the first person to perform a single-handed non-stop circumnavigation of the globe. But don't let the truth get in the way of a good pitch lol 😮

[@Adrian-lc6jq]

One was non stop the other wasn't

[@bster007]

aww that was a feel good episode. great product and the price makes it feel more special. she found a great niche and good story to go with it, love it!

[@Ralelugo]

Robert looks like an unlicensed shutterstock image of himself wearing that suit.

[@ryanchristian2122]

Lol

[@saranshgautam6551]

Any updates on if the deal closed and how she's doing right now?

[@MultiJejje]

I searched update on this and she never closed this deal with Robert and Lori. Most likely there was some major things she didn't tell.

[@ToX1CxThUnD3R]

They heard “100% women owned business” and their tax write-off sirens started sounding 😂

[@DigitalNomadInvestor]

I bet all five women in this company are drawing a salary, that's why she's in the red while still pulling 80% margins. Founders confuse being an entrepreneur vs. being an employee. You can't be both at the same time.

[@39zack]

No one asked what they was made of?

[@melanieventuri947]

It screams QVC product, but not at those prices.

[@ThePeacePlant]

I have been watching QVC since my grandma does and everything is overpriced on there

[@richardcalisi9188]

She is fantastic..hope she does well.

[@rachmadsuhartono]

Where did all that profit margins went...

[@jomangeee9180]

she must be paying salaries to herself and the 5 other women!! Girl power 😂

[@DigitalNomadInvestor]

@@jomangeee9180 Exactly what I thought.

[@mrhumble2937]

Hope she does well. It may never blow up but she played it perfect to get a shark. Not sure how she's making mistakes, if she didn't spend all that money on trade shows she wouldn't have the sales.

[@maximumpotential3796]

Sharks: So how do you get to the trade shows? Her: Well, I travel first class, arrange a limo, and spend the night in the presidential suite at the Sheraton hotels.

[@MultiJejje]

70-80% margins. Trade shows took 180k. She sold 1.2 million. Profit was 32k. Ofc there much be big mistakes. I searched update on this and she never closed this deal with Robert and Lori. Most likely there was some major things she didn't tell.

[@JulianJohnston919]

I think its kinda a odd product, young people don't like fur so your target is older folks, but older folks aren't really going camping. I wonder if all her products have the fur, she really didn't tell to much about the business actually.

[@erics2091]

It’s faux fur (fake fur). It’s more that all her products are over $200. Unless you’re in a sailing/yacht town/community. There isn’t much of a market here.

[@jamesDJRPM]

$300 for a $30 blanket… People have too much money..

[@Marlobang]

Laurie’s hair is crazy

[@Amateurdiscgolfer]

Sales were absurd for a business that size ngl

[@ThePeacePlant]

Because it's overpriced. She sells them for 290

[@Amateurdiscgolfer]

@@ThePeacePlant yeah I know I would never pay 290 for a blanket even though I use one every day

[@darkhairboy1]

She makes $240 per blanket and still broke, women owned company yaaay

[@MAGAprincess]

Agreed! And honestly, 1.1 million in sales isn't all that. (Her sales from the previous year) Especially for her being on Oprah's top pick list AND winning the NOW award! I doubt the deal even closed, bc there's got to be so much more to this story lol- like no way she just SUCKS at finances.

[@isahyazid4446]

This is why I love Lori...❤

[@jameshunt649]

I may consider buying one !

[@bluewassabi4279]

Yay! Go for it. Her great great grandfather who circled the world first singularly would be proud😊 Go blankets with the history!

[@erics2091]

Barbara: “Bill never takes me sailing anymore. So I feel somewhat offended by your products. For those reasons, I am so out! GOOD LUCK!”

[@Humbleman1234]

Why Lori is wearing a hair wig ?

[@bluewassabi4279]

Fake stuff like some other things like the eyebrows, nose, upper and lower lips, and God knows what not. Money can buy things man; it's sad though.

[@anonymousadult]

I thought she was being attacked by an albino squirrel!

[@jaynebutler3342]

She always does.

[@lazinelad]

I like to see the sharks invest in people from time to time

[@belugalifestyle]

are tradeshows that impactful??

[@TeeDeeTD]

I’m sure it’s very comfortable but I can’t justify paying $290 for a blanket

[@S-rn6xn]

When women say ‘women only business’ it just sounds ridiculous

[@micheal-on5ic]

its sexist

[@kerrikolby6124]

Such a cool story! Love it!

[@piersonmellwig2257]

Did something about this pitch just feel off, is it just me???

[@JazzyMarineVet]

The producers just whacked what may have been a 20 minute pitch, and left out alot of stuff. Horrible editing. Either that, or much of her pitch was unicorns and rainbows. ITs shark tank, no mercy only money

[@beatriceowusuachaw6210]

Thats a. Great design

[@sonezeo]

What’s the offer before the mink dies - Kevin 😂

[@josephbaltodano5290]

This is exactly what I was looking for, since I could no hear very weel what Kevin had said. Thank u

[@AmirRebEL1367]

lovely wopen❤

[@KarenNaytowhow]

And my name is Tyson J Gouldhawke aka Gould aka Gold

[@blueowl9327]

Genuine question, does Lori wear a wig?

[@sunnyscott4876]

It seems that way in this case 🤔.

[@helenclare1207]

Her great great grandfather disappeared at sea.

[@smallsmalls3889]

$290 for a Blanket ... I would rather freeze.

[@eldobleerres7661]

I love my 5dollars blankets… 😅

[@JesseMcleod-w2t]

My news papers and cardboards are free😂😅 jk

[@eldobleerres7661]

@@JesseMcleod-w2t 🤣🤣🤣🤣

[@aadin]

Update?

[@bluewassabi4279]

She compared her entrepreneurship "journey" to her grandfather's journey of being the first man to ship alone around the world 👍 No doubt she is going be to in the first page of history books 🤦‍♂️🤦‍♂️

[@outdoorgearreviews8502]

Joshua would be horrified and ashamed

[@peacefulchao5]

Nah bro sailing across the world by yourself is light work.

[@bluewassabi4279]

@@peacefulchao5 yep. I would even take the liberty to say that ordering a Starbucks coffee requires much more strength and sacrifice than to sail across the Atlantic and Pacific during high storms in pitch black with a wooden boat. Kudos to this brave entrepreneur.

[@jomangeee9180]

lmaol

[@angelnft9802]

I have a similar story almost made me cry i want this blanket

[@jomangeee9180]

your great great great Grandfather sailed around the world?

[@angelnft9802]

@@jomangeee9180 something like that

[@jonashammar8907]

She is a winner = smart

[@fyne.living]

Lady needs to stop doing trade shows. 😂

[@jomangeee9180]

the deal did not close

[@Dubov1933]

Almost 300 for a blanket lmao

[@eric20ify]

People will pay 700$ for a plain white designer t shirt lol

[@user-es5jq6yy9l]

I'll buy it

[@buzz2120]

i knew instantly why her mom profits were so low when she said it was tan by all women

[@ahmetyildirim9477]

When someone keep admiring herself yet keep losing, walk away. Almost 300 dollars blanket? No way

[@vinnykulas1260]

Someone did Lori dirty with that hair…

[@venelopimlp]

I don't get it. why do you need a fur coat that's waterproof, especially one that looks like that, so... big! it's not the arctic circle people, and were not on a boat. if you have a waterproof coat your head will still get wet from the rain so you get an umbrella, which protects the coat also anyway......

[@briannaoppong-antwi9702]

She can easily put a hood on it

[@nicoletambasco9210]

The climate in upstate NY completely calls for this product…it’s over priced though

[@alexb6695]

SloCum 😂

[@Benicemedia]

She spends like 200k at trade show so this deal should help with that

[@NateWithWho]

yea with Lori marketing help, the product will be recognized way faster than going to trade shows one after another.

[@brightballoon]

I don't understand this product. And I could technically be comfortably within the target audience.

[@ahmqdz]

Barbara called and said she’s out

[@Vegaart777]

What’s with that wig Lori ?

[@lv2da3]

Deals ñike this make a grown man cry. To the moon

[@randompuntur]

So nearly dryrobes! But not quite

[@americansailor7967]

"All women, we are a women owned company!" but wait Robert's in. How will they ever survive with a man on staff. How can they be woke now?

[@micheal-on5ic]

sexist cancel culture am I right

[@Speakout555]

Now fake fur is bad. When will it all end.

[@manzinin1070]

Just an excuse to be out, nothing much to it

[@harleywillis5164]

You know she just hated that Robert was apart of the deal. Probably thinking how am I supposed to sell woman empowerment with this man here 😤

[@lucygreen875]

Robert could channel the great-great-grandpa inspiration😅. Adventure and all.

[@MultiJejje]

70-80% margins. Trade shows took 180k. She sold 1.2 million. Profit was 32k. Ofc there much be big mistakes. I searched update on this and she never closed this deal with Robert and Lori. Most likely there was some major things she didn't tell.

[@micheal-on5ic]

women empowerment? More like women sexism

[@KarenNaytowhow]

Circa 1100's

[@Wolfnap313]

I know her family and live not far from Albany. She is very wealthy and rips people off with her cheap Chinese products. Doesn’t deserve a deal IMO.

[@Wolfnap313]

She also takes a big paycheck from the company. That’s where 20% of profits go.

[@CountDankula0]

The products are nice though

[@alexb6695]

Wait..hold on...other sharks didn't make offers or drop out. Why didn't she wait until all of them said their bit? What?,😊

[@JazzyMarineVet]

They cut the entire pitch. I watched an interview with Daymond and he said most pitches are 20-30 minutes. The producers have to cut it to 8-12 minutes for TV. So looks like no one else made an offer, but maybe they did..but it was cut.

[@MxMicah1038]

There’s still real mink being sold?????? My fkn god.

[@youngFlashh]

Not trying to be that guy but I’ve notice most females on here are not very good negotiators some don’t even try to negotiate.

[@lordpeelordpee2443]

It lasts a life time

[@theravenreal]

I love this

[@princecruzet6537]

Good job lucky lorie robert invest to your product

[@calgaryguyyyc]

Massive cash flying out the door but no ability to explain it. It’s a blanket company. Not worth the work to turn around the financials and horrible business operations

[@DrMn1995]

Such a lovely lady

[@gabrielanderson4979]

Women owned funded by her husband 😂

[@darkhairboy1]

She makes $250 per blanket and still broke! women owned company yaaaay

[@KarenNaytowhow]

Im the kids kids of kings and queens

[@sunnyscott4876]

I like it but I can't afford it so I'm out.

[@crbk1ller553]

she lost everything, righttttttt.

[@rivalstorm120]

Its been 7 years. A lot can happen in 6 years

[@sanjuansteve]

Radical greed.

[@rivalstorm120]

Trade shows are expensive, correct. Not saying they are bad with money but whats all 5 ladies salaries... if theyre 6figures now... they need to change that until they can afford it. 3mill and only 33k in profit.??

[@slugz2079]

Wow wow wow wow wow

[@brohouse7809]

Wow

[@nancyjones6780]

I just looked at the website and I'm ngl I'm annoyed that everything clothing is either one size or small and medium which means if you weigh more than 140lbs you're 💩 out of luck. Pretty tone deaf in these times!

[@okyggtty]

Lose some weight buddy

[@Hypnostedon]

Just don't be fat. So many gyms around you

[@motleyassortment5512]

Love her products, but way too pricey! For that reason, I am out!

[@zepolcin2412]

More like “pretty haggard”. Like J Haggard.

[@99splashing77]

"woman owned business"

[@micheal-on5ic]

"I'm sexist"

[@fijijournal]

Oh yeah, using grandfather's heritage to sell her junk wow

[@iwrk]

Rip off price. To much spending on nonsense trade shows

[@smallsmalls3889]

She's spending to much on trade shows.

[@fabmaserati]

Meh…

[@rivmeace5728]

If a man said that we are only men in our company Caneled ❌️

[@michaeljohndadd545]

Fifth comment