Student Turns Down Mark Cuban | Shark Tank Misses

Derek Pacqué, stepped into the Shark Tank seeking $200,000 for his company Coatchex but after talking to his business partner he decided to pass on one of the Shark’s offers.
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Student Turns Down Mark Cuban | Shark Tank Misses

[@spastheghost]

Dude made the right call. His business partner totally saved him here. I read somewhere that they're very successful now and they are in some big sports stadiums. It takes a lot of guts to decline an offer from Mark Cuban and it's even better that he proved they don't really need the sharks.

[@leonajames5517]

Revenue is NOT profit.

[@TheLOSTEntertainmentOfficial]

The big hype he got is from Shark Tank. If the idea is good it will win no matter what. If there is a shark with them or not. That's exactly what happened here.

[@MegaMijit]

nah, mark couldve helped him get there wayyy faster AND paid him a quarter million to do it.

[@hesh2892]

..in sports stadiums it will earn a lot

[@wolfura]

But they did need the sharks and all the free advertisement. Same for the connections, otherwise they would not have ended up in a sports stadium.

[@CinematesGrapher]

I Just love how the sharks first say: you should not do it, but then they get angry because he turned down the offer.

[@Valkyrie1941]

Cuz it was too good for the entrepreneur that's why

[@kendalchun]

Told mark to not do it lol

[@CinematesGrapher]

@@kendalchun He already did make an offer.

[@David-hv5lw]

Its something called ego

[@CNBCAmbition]

They thought they were doing the right thing but ended up missing out

[@dennyli1897]

they always get too focused on the percentage and doesnt understand the value a shark can bring to their company. Especially a shark like Mark, and he was excited about this product too,

[@GATOWN]

Mark has said that half of the businesses he invests in go on to fail. If the entrepreneur and product is good they’ll find a way to be successful with or without a shark

[@dennyli1897]

@@GATOWN yeah but have a shark on your team sure make the process little faster no? If they don’t need shark why they come to the show? Just go find a investor and go do ur thing

[@dennyli1897]

@@GATOWN half of the deal doesnt go through for many reasons, dont worry I saw that interview too my guy.

[@joseph1140e]

@@GATOWN That's such a non-argument. Yea, if the entrepreneur is really good with a solid product... of course things will likely work out fine. But a lot of people that come on the show lack a bit of expertise, experience, need more tweaking on the product or simply need the money. Without Mark (or any shark), a good portion of the companies that were succesful with him, couldve ended up not working out, or be less succesful than they are now

[@jamesvause3418]

Lol that’s what they say to rip them off sonny boy wake up

[@CommanderKeny62]

Maybe Daymond was right, now we get crazy valuations for worse products lol

[@ninjanerdstudent6937]

This business has amazing potential. After some growth and maturity, he can turn this thing into a vending machine model with LIDAR face detection and place a giant box of coat compartments in every college campus in America.

[@awsumawstun]

Mark wasn’t interested in helping him anyways, just wanted to flip his portion to Silicon Valley. Good call, kid.

[@ceylonelle]

Mark did him a favor. He knew they were too early and gave them the slip. Good man.

[@cchavezjr7]

The partner was a business professor. That's the worst advisor for a real business you can have.

[@delmanpronto9374]

turned out to be really good advice. the company is doing well.

[@44MagnumHitman]

That dude is hugely successful now. A shark in his own right.

[@danielrome2556]

7 mil per year. He’s successful sure but that’s tiny for what that business could have been with that deal. Even with 66% equity it wouldn’t matter if that revenue was multiplied by 5 or even 10

[@JohnWick-hl3ir]

This is a old episode now they make over $100 million a year. What a legend

[@GG-tf1tc]

@@JohnWick-hl3ir they do not. Don’t spread bs

[@RebeccaDhillon]

I used this at a club in Canada. It’s fast efficient and totally brilliant

[@checkmate5338]

wait... how can we hear the phone conversation?

[@roberternest4641]

With everything going on right now, the best decision to be on any creative man's heart is having a profitable investment strategy.

[@waynes4369]

@Johanna Franklin I definitely agree this current DIP is a huge opportunity to buy the DIP and also high volatility to yield more profit for day traders

[@raphfelimax2713]

I wanted to trade crypto but got confused by the fluctuations in price

[@arktom7335]

I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last two months in CNBC world news and decided to try him out...I'm Expecting my third cashout in 2days

[@marshallbsanz2068]

I have also been trading with him and the profits are secured and over a 100% return on investment directly sent to your wallet. Lack of trade discipline is the primary reason for in day trade losses. It is estimated that nearly 80-85% of day traders end up losing money in the stock market

[@Kristenshwan]

@@marshallbsanz2068 Same here, started with $3,000 now earning $28,300 bi-weekly profits with his trading program.

[@thorhamma8958]

Seems like Mark enjoys saying no

[@alinocencio1798]

Once you know the value of the company, you would decline marks offer… good job for his partner

[@zamoro10100]

Cuban's deals always fall through after post-show negotiations anyways.

[@Lz3646]

Rightfully so!

[@MnMnBahr.]

A head of his time 👏🏼👏🏼

[@iclapptv2394]

Whoever's reading this, i pray that whatever you're going through gets better and whatever you're struggling with or worrying about you get Through it keep your head up struggle/pain doesn’t last forever keep pushing Dont Give up you got this.. Amen🙏🏾

[@Miss_Loving]

In the name of Jesus Christ, Amen!! 🙏

[@ParTeeGolfClub]

Amen!

[@tedsonwright1907]

Amen

[@luciancardine2544]

As of 2022 valued at 4+ million

[@jpdelete]

The decision-maker wasn't in the tank - that was their biggest mistake. He loved the offer but the partner didn't. Wish they were more serious by bringing the partner to the pitch.

[@TraceguyRune]

Mark Cuban is the only Shark who is a billionaire. If he wants to spoil kids, he can do that

[@damaiindah8587]

I feel useless with my chair and bobo yaga

[@keemp1273]

So, what are y’all eating right now?

[@rafa57games]

I don't get what's the diferencial in this product. Anyone can take a picture of you, that's no diferencial haha

[@alwilliams4244]

He sure have taken the deal.

[@JohnWick-hl3ir]

He makes $100 million a year now what a legend

[@paulvk2539]

And thats why he is a professor.......no clue

[@joand3767]

7 million ANNUAL ANNUAL ANNUAL 5:20 pause and read fully

[@successandlifestyle]

You're turning down a top level consultant who can open doors that you can't. Plus, knows how to achieve better margins on that 7million a year.

[@JohnWick-hl3ir]

He makes over $100 million in a year now he's a legend

[@GG-tf1tc]

@@JohnWick-hl3ir stop spreading lies. btw the 7 million was total not per year. He made a big mistake.

[@global_Jesus]

Laurie I want your golden ticket.

[@buster5661]

He doesn't understand the value of a shark

[@konstantinossotiriou9590]

I’m sure Cuban stays awake at night thinking about him #never

[@racelinephilippines747]

It only means Mark Cuban has a great eye

[@OrlandoUsedCarsForSale]

Fake Product , Fake News ..

[@arid9019]

Its very late and i have work tommorow , so for that reason im out ✌️

[@RussellD11]

I keep seeing the same people in my life with just slightly different faces... really weird ... for example this guy is Cameran dallas...

[@absolutnadia]

This is cool

[@keithhodgson6489]

Cringeworthy in the extreme.

[@renuhazari544]

I love shark tank India.their judges are not at all misguiding anyone specially youngsters ❤

[@Anandadhikari7]

But it is like Indian idol now

[@misterbobo8139]

They all smell funny though.

[@renuhazari544]

@@Anandadhikari7 emotional drama??

[@gabhandebrun1871]

This is nothing new loada bollox

[@ZippyNarwhal]

Niceee!!!

[@lus]

Very old episode..... he could have been big. But he's still so small. 7 million in revenue isn't very good after all this time. My business does better than that.

[@stevengreidinger8295]

Not sure if you're serious. $7M revenue is an excellent business if the margins are even just pretty good. Trying to turn a niche business into Google with a succession of big marketing bets risks bankruptcy.

[@la6136]

@@stevengreidinger8295 7 mil is great for an owner of a small business with a few employees but it is still very small in the grand scheme of things. Big companies do 100 mil or more

[@tobiramasenju6290]

You must have horrible margins if 7 million a year in revenue is "so small".

[@peauntbutterxboy93]

No one cares about your crappy business

[@JavierRodriguez-fo9iz]

InternationalS 👩‍🚀🎃 Worlds World Images Pictures Wonders Worlds Bible ✝️🎮. Shark Tank.

[@harivignesh6876]

Love the chemistry between the sharks in episodes like these.

[@AJ-rc5lr]

7 million is impressive, wow so over 2 million users using the service

[@nikhil9154]

7 MILLION IN REVENUE 🤑

[@leonajames5517]

Potentially zero profit...

[@dustinvo6097]

@@leonajames5517 There are a lot of businesses with zero profit but bought by big tech companies with surprising valuation. Database with the customer and their activities are valuable to them.

[@realtalk6195]

@@dustinvo6097 Those are businesses that either have a lot of users, so the buyer company knows that starting a competitor won't get them the same amount of users to gain traction (especially when it comes to the online space), or they have some unique technology that others want. This company has neither.

[@shineykurian2537]

What is a Hoochers? Is that the song for Indian University. I loved that he did not take a deal :) Love this :)

[@magicmanscott40k]

This was definitely a test. I think Mark trusted he would do well.

[@jessecumba]

Good for the kid

[@absolutnadia]

What’s the point of not putting the phone in speaker when it was heard lol

[@Theempiresf49]

Chexology is now bringing In 10 million dollars year

[@michaeldennett6125]

He's a fool. Just the fact of being on show will grow this gig. He lost out.

[@MrProTechHD]

after the sharks rejecting RING , their not that Brilliant

[@torguy5763]

They're, you can't even spell.

[@MrProTechHD]

@@torguy5763 congrats

[@thedude5599]

@@torguy5763 correcting internet grammar does not make you smart.

[@Rahat-cg8rv]

@@thedude5599 Judging a billionare making couple of wrong decisions doesn't make you wise either

[@thedude5599]

@@Rahat-cg8rv I never judged anyone .

[@pbfoley]

Kevin is maximum sleaze.