‘Uncoachable’ Business Duo Hold the Keys to MASSIVE Market Potential | Shark Tank

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Shark Tank Australia

Shark Tank Australia

Күн бұрын

Пікірлер: 888
@ballinblaza
@ballinblaza 4 жыл бұрын
the video editor that does the dramatic music must love his job. he goes a little overboard sometimes
@bash547
@bash547 4 жыл бұрын
REALLY????? IT DOESN’T SEEM OVERBOARD TO ME!!!! 🤬🤬🤬🤬🤬😡😡😡😡😡🤬🤬🤬🤬🤬!!!!!!
@ballinblaza
@ballinblaza 4 жыл бұрын
@@bash547 you must be their editor then lol. compared to other shark tanks or dragons den the aussie version always has the most dramatic sound effects
@Me2sarilesS
@Me2sarilesS 4 жыл бұрын
Needs to keep the audience engaged
@GinEric84
@GinEric84 4 жыл бұрын
What is this heresy?! You can't go overboard with dramatic music
@xz2022
@xz2022 4 жыл бұрын
some great stuff
@marcs8395
@marcs8395 4 жыл бұрын
Steve happens to be brilliant. He knows it’s a good business and wants them to succeed
@badbadnotgoodgoodgodnotbad2930
@badbadnotgoodgoodgodnotbad2930 4 жыл бұрын
So glad he spoke out when they were going to decline that offer
@lizzy7369
@lizzy7369 3 жыл бұрын
No he is a shark he noticed they have no business experience and don’t even know how to calculate profit. Dude honestly took advantage of them
@lizzy7369
@lizzy7369 3 жыл бұрын
No he is a shark he noticed they have no business experience and don’t even know how to calculate profit. Dude honestly took advantage of them
@joshchandler5948
@joshchandler5948 3 жыл бұрын
He is brilliant. Everyone sitting their is brilliant. Only one of them men here has even decent motives and its Steve. Watch the episodes where any ma and pa, or small town small scale person brings in an idea like this and doesnt know what they are doing on the business side. They these peoples business. They are making currently around $39 margin and thats just for local delivery. They invented and patented a product that another company is "selling" to them before they can sell. They should be looking for a loan to make their own facility to produce to design themselves or to license it out as they said.
@LargeBanana
@LargeBanana 3 жыл бұрын
@@lizzy7369 Very poor take from someone that doesn't know how successful the product has been since the shark helped them.
@egolith
@egolith 3 жыл бұрын
Naomi: I’m very confused...how did I get here? For that reason I’m out
@ammardelreal3802
@ammardelreal3802 3 жыл бұрын
this is it
@ceejay1777
@ceejay1777 3 жыл бұрын
Do you know that neither Naomi OR Steve ever followed through on a single investment this entire series?
@vimo666
@vimo666 3 жыл бұрын
😆
@vondahe
@vondahe 3 жыл бұрын
She’s just there to promote herself. She has no money.
@RPKD88
@RPKD88 2 жыл бұрын
@@vondahe that's bullshit
@asmrearthsounds
@asmrearthsounds 4 жыл бұрын
Janine is at her most passive aggressive on this episode.
@prateek1703
@prateek1703 4 жыл бұрын
Because 4 million valuation is absurd
@reaperrose5261
@reaperrose5261 4 жыл бұрын
@@prateek1703 that’s fair I’m this but man I dislike her more and more I watch she just seems awful.
@midas6753
@midas6753 4 жыл бұрын
@@reaperrose5261 is it absurd though? The baby market is amazingly big, they have the only patent on it and profit margins are really high per unit as well
@nftbandit9645
@nftbandit9645 3 жыл бұрын
Frankly most of them are being passive aggressive
@siemensohm
@siemensohm 3 жыл бұрын
@@midas6753 it's a chair, nothing more. it won't be difficult to come up with a different design to bypass the patent. and the price is just ridiculous, just look at the material. they should sell this thing for the price they are paying the manufacturer.
@AveryFord7
@AveryFord7 3 жыл бұрын
“Do babies like being showered like this? Or do they feel like they’re being strapped in and hosed down” 😂
@ChronicNewb
@ChronicNewb 3 жыл бұрын
Let me just ask some babies
@anasandoval6698
@anasandoval6698 3 жыл бұрын
Yeah mate, these babies haven't gotten back to me with their Google or Yelp Reviews just yet, so I guess they love it! LOL
@lruddy8820
@lruddy8820 3 жыл бұрын
My 7 month old loves being in baths and pools but hates going to splash pads or being in a shower, its pretty easy to tell what a baby likes and doesnt like
@blessedowo1958
@blessedowo1958 3 жыл бұрын
Spoke like a true Sigma
@sagarjain4128
@sagarjain4128 3 жыл бұрын
@@ChronicNewb 😂😂😂
@kobe88us
@kobe88us 4 жыл бұрын
Naomi: Your ask is all I have in my bank account and for that reason, I'M OUT
@egolith
@egolith 3 жыл бұрын
Lol
@dylanccarr
@dylanccarr 3 жыл бұрын
fr
@bdbbdb8437
@bdbbdb8437 3 жыл бұрын
Lol jaloes much!
@SirChameleon
@SirChameleon 3 жыл бұрын
Pretty sure I heard... 1. He put just under $200k into this business. 2. She is the sole owner of the business. 3. He's the back bone and does all the work.
@masterlucky379
@masterlucky379 3 жыл бұрын
Equality😏
@rtususian
@rtususian 2 жыл бұрын
God forbid they get divorced, the business would crumble.
@koushikvadhula6349
@koushikvadhula6349 2 жыл бұрын
That is the power of married woman. Good trend to see woman leading the way.
@n.staniss1637
@n.staniss1637 2 жыл бұрын
@@koushikvadhula6349I would hate to be lead by you if that’s what you consider good leadership.
@rabihurmiz5306
@rabihurmiz5306 2 жыл бұрын
@@rtususian they’ll never divorce, they’re arab
@Jonnypina84
@Jonnypina84 4 жыл бұрын
He owes Steve a beer
@juampydeviaje
@juampydeviaje 4 жыл бұрын
I reckon at least two or three
@DinoTheDinosaurROAR
@DinoTheDinosaurROAR 4 жыл бұрын
He looked her deep in her eyes and and got all serious and said "I can't wato to be working with YOU!“
@nomnom112
@nomnom112 3 жыл бұрын
Looking forward to working with you
@NardoWeird
@NardoWeird 3 жыл бұрын
🤣🤣🤣🤣🤣 I noticed that too he finna run them cheeks 💀💀💀
@thelordfosk
@thelordfosk 3 жыл бұрын
Bro he's about to lay some mad pipe. Lol. Hani better watch out. She is smoking hot. Hell I want her.
@jay-dubb.dubb.68
@jay-dubb.dubb.68 8 ай бұрын
He was creepin' a bit... 😳
@dash0173
@dash0173 3 жыл бұрын
i LITERALLLLYYY fucking CHOKED when he said, after ALL that arguing, "50% is kind of a lot... would you accept 20%?" HAHAHAHA DUDE. if i were that shark, i would have cancelled my offer when he said that
@priddynate
@priddynate 3 жыл бұрын
Lol...but u not
@damagecontrol4715
@damagecontrol4715 3 жыл бұрын
@@denully he did ask for 20% rewatch where he first asked for 50
@boojay7076
@boojay7076 3 жыл бұрын
That’s why you will never be successful , let alone be a shark ahahhahah
@manny45745
@manny45745 3 жыл бұрын
and that's why your not a shark
@WardenOfTerra
@WardenOfTerra 3 жыл бұрын
'Adza'? Stick to being an internet clown.
@mihiwijesundara7793
@mihiwijesundara7793 3 жыл бұрын
Wow, John actually managed to get 50% of a company which initially offered 5% equity. Now that's some wild negotiation skills.
@beakt
@beakt 3 жыл бұрын
I know. I feel terrible often when I watch this show, and I see the customers give up so much out of desperation.
@afriendofafriend5766
@afriendofafriend5766 3 жыл бұрын
@@beakt 50% of something is better than 100% of nothing.
@beakt
@beakt 3 жыл бұрын
@@afriendofafriend5766 I don't think you understand what's happening in this show. He owned 100% of his company, and gave away 50% of it for $100,000. He walked in there wanting to keep 95% of it and get $200,000. So your little aphorism has no relevance.
@RomainDelmaire
@RomainDelmaire 3 жыл бұрын
@@beakt Don't feel terrible...they had no idea what they were doing. They needed a business partner to launch their business.
@beakt
@beakt 3 жыл бұрын
@@RomainDelmaire Funny, I'm re-reading this thread, and explaining to my son what I meant when people give away their business "out of desperation", because they're afraid their business will disappear. That's when I realized "A friend of a friend", when he said "50% of something" was referring to the business owner retaining his 50%, and the "100% of nothing" meant they could have walked away and kept it but the business might disappear. Anyway, I just thought I'd acknowledge that I misread his comment.
@frogturtle
@frogturtle 3 жыл бұрын
despite the tough conversation it looks like it worked out well for all involved. the business grew substantially and they now offer more versions of the chair and attachable pads. well done.
@Gollywog
@Gollywog 3 жыл бұрын
We bought one of these. Great concept and use it all the time although a few problems. My baby has circle marks on her back from the holes. The chair doesn't adjust all the way up. Drill a few holes in a ikea/kmart high chair would work just as good
@MrOhtrueeee
@MrOhtrueeee 3 жыл бұрын
aww a few circle marks thats a shame!
@melissamcclain34
@melissamcclain34 3 жыл бұрын
I would probably place a towel under my little one to prevent the holes and also to keep them from being on what looks to be a slippery surface
@KingKsEDC
@KingKsEDC 3 жыл бұрын
They actually are selling a pad now. It should be included but its nice they created a pad.
@Sam-kj9ui
@Sam-kj9ui 3 жыл бұрын
@@MrOhtrueeee you clearly have no clue what being a parent is.
@youtookmy_userid7814
@youtookmy_userid7814 Жыл бұрын
@@melissamcclain34 first two replies are so stupid, wheres the water going to seep through? Do you want a bath chair that’s going to snap on the pressure and kill your baby? Fools😂
@danielbuchanan756
@danielbuchanan756 3 жыл бұрын
And to think Ive been kneeling on a soft pad and bathing my children like a peasant 🤣
@angelfromhellshawna
@angelfromhellshawna 3 жыл бұрын
I bathed all 3 of mine in the kitchen sink...until they were too big to fit in it...
@Eidolon1andOnly
@Eidolon1andOnly 3 жыл бұрын
@@angelfromhellshawna Same, except I also got a plastic bathtub for babies that sits on the counter.
@nftbandit9645
@nftbandit9645 3 жыл бұрын
I could actually even see this having some sort of bar that you can attach toys to so that they are occupied while bathing
@OutbackWalsh96
@OutbackWalsh96 3 жыл бұрын
Hey, I even had a baby bath. Who showers a baby? These baby bathtubs are EVERYWHERE. How big was her baby for God's sake?
@tsukitora01
@tsukitora01 3 жыл бұрын
@@OutbackWalsh96 my son hated baths but loved showers sometimes its the kiddo
@taumohlodi5875
@taumohlodi5875 3 жыл бұрын
I need Steve as my Mentor....love his way of thinking
@pwnkmrdst
@pwnkmrdst 4 жыл бұрын
Johns negotiation skills 👏
@balla2828
@balla2828 4 жыл бұрын
Extortion and negging skills.
@zaydevans2077
@zaydevans2077 4 жыл бұрын
@@balla2828 at the end of the day, 50% of a big business is better than 100% of nothing and at the moment they’ve spent a lot and got close to nothing. They know they need a mentor
@balla2828
@balla2828 4 жыл бұрын
@@zaydevans2077 They are only 1 month into sales. I wouldn’t say they have “nothing”.
@caseynathanson7911
@caseynathanson7911 4 жыл бұрын
@@balla2828 They are still nothing. If it was everything it was made out to be, there would be people wanting and begging to buy it. They could have turned it down and taken their company to 1000 units. OR they could be smart (like they were) and go for 100,000 units. They needed a smart person to guide them
@balla2828
@balla2828 4 жыл бұрын
@@caseynathanson7911 Needing investment and a “smart person to guide them” doesn’t mean having to sell out a large chunk of your creation. It was taken through crooked tactics.
@ChronicNewb
@ChronicNewb 3 жыл бұрын
6:38 - "I want big boobs one day but that's never gonna happen." I'm dying xD
@jay-dubb.dubb.68
@jay-dubb.dubb.68 8 ай бұрын
What about those plastic surgeons on Botched? 🤔
@derealfrancismore3318
@derealfrancismore3318 3 жыл бұрын
I still think that deal was just too good for the shark, Legend has it that he went partying after this and still isn’t home.
@Locutus
@Locutus 4 жыл бұрын
I would have put forward a counter of when John gets his money back, they can buy 5% of the equity back at the price he paid. That allows both sides to win.
@Ace-SK
@Ace-SK 4 жыл бұрын
Poor preparation.
@funstuff2006
@funstuff2006 3 жыл бұрын
I see that strategy on the UK Dragon's den regularly. Don't know why neither the people making pitches, nor the sharks, think of it on Shark Tank. It seemd to me to be a far more respectful approach than when the sharks, feeling it's risky, yet are still willing to offer all the money at 35-50%, only to have the person making the pitch go, 'yeahbut, could you do it for 15%?'
@moreevents4335
@moreevents4335 3 жыл бұрын
Buying it back makes no sense. Buying it at the same price makes utter ill logic.
@Locutus
@Locutus 3 жыл бұрын
@@moreevents4335 The dragons and sharks have made that exact offer before.
@funstuff2006
@funstuff2006 3 жыл бұрын
@@moreevents4335 They make deals like that on Dragon's Den UK. So either all those millionaires are idiots, or therer is a way to do it that makes sense.
@MGnFF224
@MGnFF224 4 жыл бұрын
Did anyone else..mainly mothers say to themselves "I could do the same shit with my kids High chair if I took the cover off?" 🤷‍♀️
@jebbush6657
@jebbush6657 3 жыл бұрын
yeah you could but that's how dozens of babies get dropped on their heads every year lol. not saying its GONNA happen but there's a reason they asked so much about safety, that's the key difference between just doing what you said, and this product. that's kinda how product specification works, or else everyone would drive go karts because fuck it technically it drives on a road and can go fast so might as well never invent cars
@MGnFF224
@MGnFF224 3 жыл бұрын
@@jebbush6657 no ... very true. Its not the safest option at all. But I mean for like 10 they can buy the little bath tubs too
@b-dogs1038
@b-dogs1038 3 жыл бұрын
Yes. not totally convinced on this concept. & nothing else similar on the Market? •well,maybe that’s for a reason
@khalilkhalaf712
@khalilkhalaf712 3 жыл бұрын
@@jebbush6657 it has seat backles so yes it is safe
@WardenOfTerra
@WardenOfTerra 3 жыл бұрын
Stop having children. You're a clown.
@PhotonBread
@PhotonBread 4 жыл бұрын
Love the couple. They seem to work really well together. They agreed to not take the deal then Steve spoke up and all it took was a head nod to communicate. Congratulations to them
@Werderkhaner
@Werderkhaner 4 жыл бұрын
I am not judging their private life, but their presentation and initial offer were terrible. Especially the husband, who kept interrupting the sharks and did not know what the profit was, was making the sharks go out, despite their very good and internationally patented product. They could have gotten a much better deal with a better valuation and presentation, so I do not think they did particularly well together in the pitch. They might improve in the future though, but it's really bad that they could have gotten a much better deal without having to give up half of the company.
@youtookmy_userid7814
@youtookmy_userid7814 Жыл бұрын
How 😂
@youtookmy_userid7814
@youtookmy_userid7814 Жыл бұрын
The husband payed the money, she is the sole owner, the husband is the back bone like whaaa On top of that she looks so smuck an controlling.
@matthewbell4273
@matthewbell4273 Жыл бұрын
I got the impression they felt under pressure (commercial? cameras?) to say yes. I wonder whether they actually signed on the dotted line in the end.
@Dreadnaught1985
@Dreadnaught1985 3 жыл бұрын
Steve wingmaning here was fantastic. He saved that deal.
@boneapplegames516
@boneapplegames516 3 жыл бұрын
they should have counter at 49% to retain control. he would have taken it
@kahea2018
@kahea2018 3 жыл бұрын
That's what I was thinking.
@jockerjkr7963
@jockerjkr7963 3 жыл бұрын
Best comment
@roonietube
@roonietube 3 жыл бұрын
EXACTLY
@afriendofafriend5766
@afriendofafriend5766 3 жыл бұрын
I doubt he would have.
@TheMilkYourDadWentToBuy
@TheMilkYourDadWentToBuy 3 жыл бұрын
Even at 50% they’re still equal partners, majority stake is 51%. He still can’t make radical changes without approval from them unless they liquidate further equity in more funding rounds.
@hmmthinking4208
@hmmthinking4208 4 жыл бұрын
13:07 LOVE the editing hahaha that sramatic build up is liquid gold
@j-brock7298
@j-brock7298 4 жыл бұрын
Steve's face and his tone had truth and sense oozing out
@yegga66
@yegga66 3 жыл бұрын
The couple behind this unique baby care product took part in Shark Tank Australia for more than just the financial investment and have subsequently built the company to a net worth of over $10 Million, with products stocked around the world.
@RD-vn5pl
@RD-vn5pl 3 жыл бұрын
That thing doesn’t look safe. You have to take into consideration that inside a shower the tile or lining could be slick with the baby wash, conditioner from someone showering beforehand, or it isn’t level due to a tub/shower drain slope/bad renovation. Some babies may rock very hard in that chair and possibly throw it off balance. The parent could knock it over if they slip in the shower or bath, which is very common- imagine if the glass on the shower isn’t the right grade to avoid shattering. Baby products have to be approached from a “if you can think of an accident or possible safety risk it will happen” perspective.
@hayleymarie5976
@hayleymarie5976 3 жыл бұрын
i read some reviews and it seems flimsy n not so sturdy
@WHODATNATION314
@WHODATNATION314 2 жыл бұрын
I would assume on the legs they could definitely add a non slip rubber of some sort so the product does not move regardless of the flooring it put on. If not, it would be an easy addition and a shame if they overlooked that
@dandonohill
@dandonohill 4 жыл бұрын
John is a very clever businessman...very tough.he had them on the ropes they have to pay back 100k with interest and he gets half.he must be Irish
@Mo_Ketchups
@Mo_Ketchups 4 жыл бұрын
😂😂😂😂😂😂😂😂😂 I needed that laugh!! 👍
@ENZOxDV9
@ENZOxDV9 3 жыл бұрын
*jewish
@harrypot3381
@harrypot3381 3 жыл бұрын
Irish Jewish mafia
@97itachiuchiha
@97itachiuchiha 3 жыл бұрын
You see how red his neck was below the makeup? Definitely got some Irish in him
@timtaylor1365
@timtaylor1365 3 жыл бұрын
There was no alternative so John had all the chips...but kept his cool... dramatic suspense..
@JSSTyger
@JSSTyger 4 жыл бұрын
The guy says "we need a mentor" but they are only offering 5% and for a steep price.
@ri2253
@ri2253 4 жыл бұрын
People make such a mess on valuation. You can't sell a house on what the price might be in 10 years time
@msdavino
@msdavino 4 жыл бұрын
Wrong comparison. A house is not a business. As an another example, you can't sell your car for today's price as you would sell your real estate. Compare businesses with businesses.
@SwiftGQ
@SwiftGQ 4 жыл бұрын
Business are often even typically valued at future growth. Just dependd on the stage of the business is at. This business is in production but has not proven itself. But it does not need much more for the next big leg up.
@ricalexrod
@ricalexrod 4 жыл бұрын
Omg ...better u talk about what u know
@KirbyJ89
@KirbyJ89 4 жыл бұрын
If you were buying on what a business is currently then the seller would not be making any kind of profit. They’d be giving away future profits for the price of the money they currently have.
@ri2253
@ri2253 4 жыл бұрын
@@KirbyJ89 investors will only invest more if they can see future projections that make sense. If there is USP for the product or service, if proper IP secured. Also if there is a trend of turnover curving upwards. Or else they would always rely on CV to manage risks
@robmarrin6720
@robmarrin6720 4 жыл бұрын
So glad they took the offer, and by the way taking a 50% percent hit showed me they had no arrogance.
@sorenkazaren4659
@sorenkazaren4659 3 жыл бұрын
I’d argue it was unwise. Sure they gain a benefit from this. But they gave up 50% stake in their business. They no longer get to make decisions without the shark agreeing. If they sell any more of their stock then the shark makes ALL the decisions for the company as the majority stakeholder
@caseyjamie818
@caseyjamie818 3 жыл бұрын
@@sorenkazaren4659 well they don’t really know what they’re doing.... can’t even evaluate their business lmfao they just happen to have a good product
@sorenkazaren4659
@sorenkazaren4659 3 жыл бұрын
@@caseyjamie818 True. But I’d still never give up half or more of my own company. I’d have held firm at 49% or made a deal that allowed for a minor equity buyback down the line.
@trujillo71921
@trujillo71921 3 жыл бұрын
@@sorenkazaren4659 better to have a smaller share of growing successful business than to completely own a stagnant or failed business... imo of course.
@trujillo71921
@trujillo71921 3 жыл бұрын
@@sorenkazaren4659 but I completely agree with you on the 49% and/or some type of buy back later down the road.
@tcs7717
@tcs7717 4 жыл бұрын
I feel like we missed some content because Janine starts off pretty upset with her questioning. I wonder how she got to that.
@chile9292
@chile9292 4 жыл бұрын
They’re all at least an hour long but condensed
@drunkenwhiskeyeu
@drunkenwhiskeyeu 4 жыл бұрын
She always gets agitated when business owners seek more than 100k AUSD :-D They're cheap sharks. Piranhas, really.
@csanton3946
@csanton3946 4 жыл бұрын
Uhm because the offer is too expensive for her dough to begin with
@josephvalentine7
@josephvalentine7 3 жыл бұрын
It’s that time of the month !
@ItsAsparageese
@ItsAsparageese 3 жыл бұрын
I mean, I don't blame her for getting sassy about a 4 million valuation for a company with zero justification for it. And showing up without knowing what your profit math looks like is REALLY bad. Yeah we definitely are missing pieces and I'm sure she got there more gradually but her critical tone is absolutely justified.
@fak3rgg21
@fak3rgg21 4 жыл бұрын
One of the best video seen on the internet yet. And that’s how you make free money. John hats off
@T4NK3R4L1F3
@T4NK3R4L1F3 3 жыл бұрын
Why is the “sole director” not doing any negotiation? And why is the person who seems to be running the show not officially involved with the company whatsoever? Something not quite right here
@yebo-gogo
@yebo-gogo 3 жыл бұрын
Wait until the business is worth a couple of millions. This video will be exhibit A in a divorce showdown
@MegustaGamingCorner
@MegustaGamingCorner 3 жыл бұрын
​@@yebo-gogo it's now worth over $10 million
@yebo-gogo
@yebo-gogo 3 жыл бұрын
@@MegustaGamingCorner some divorce lawyers are going to make a killing
@rodsilver19
@rodsilver19 3 жыл бұрын
She is pumping him!
@mrlivemore
@mrlivemore 3 жыл бұрын
@@MegustaGamingCorner where did you get this info from
@emmanuel_dean
@emmanuel_dean 3 жыл бұрын
This negotiation was so intense... and so beautiful! It was poetry in motion
@vectorjacos9186
@vectorjacos9186 3 жыл бұрын
Yes I felt this amazing feeling as I watching it. Pure poetry, Pure vision, Pure bliss. And then i farted...FAAAAARRRRRTTTTTTT
@csanton3946
@csanton3946 4 жыл бұрын
Janine is so jealous cause John got a good deal. I think it also played well for John's position since everybody is out and have aired their frustrations on the valuation.
@ryant1506
@ryant1506 4 жыл бұрын
That’s why you use a plastic baby tub, and a sponge soft 🧽
@mirandalambert2351
@mirandalambert2351 4 жыл бұрын
Hi Ryan
@Elldeeve
@Elldeeve 4 жыл бұрын
Hi Ryan
@adamwilliams5849
@adamwilliams5849 4 жыл бұрын
Hi Ryan
@zainabimad3299
@zainabimad3299 4 жыл бұрын
Hi Ryan
@AnitaJobby
@AnitaJobby 3 жыл бұрын
Hi Ryan.
@an_what
@an_what 4 жыл бұрын
If they was actually smart they would’ve asked for 51% or for after the money was paid back to get the option to buy back some percentage at least one percent giving them 51% And be the majority shareholder of their own fucking product
@Vera-dc7my
@Vera-dc7my 3 жыл бұрын
Yes. But they have a great idea but don’t know much about business... that’s why they needed them. Simple nice people with great idea but no idea about business. That does not make them stupid.
@vyz3907
@vyz3907 4 жыл бұрын
The guys face when he gets the offer 😂
@papnlilly
@papnlilly 4 жыл бұрын
Steve got that one over the line. John owes him a beer or two.
@here4music
@here4music 3 жыл бұрын
Good that they understood the current valuation of their business without being cocky about it
@shilohivie1424
@shilohivie1424 3 жыл бұрын
IVE BEEN LOOKING FOR A PRODUCT LIKE THIS. Keep going. This is genius.
@melissamcclain34
@melissamcclain34 3 жыл бұрын
It's now a $10 million dollar business
@xrpearth3987
@xrpearth3987 3 жыл бұрын
I came to the absolute conclusion... I need friends & business partners like Steve in my life yesterday onwards.
@catladykelsea8832
@catladykelsea8832 4 жыл бұрын
Imagine a 1+ year old in a tantrum. Arches back & forward hard & flips that so easily. Recall!
@Quode001
@Quode001 3 жыл бұрын
I do think its weirdly tall and bare-bones looking but a recall wouldnt happen unless it was common for it to be easily tipped over or it was the fault of the product. Parents themselves need to exercise their own discretion when using anything really
@ravgill6156
@ravgill6156 4 жыл бұрын
Honestly, these sharks are soooo much more civilized than the US ones. Mind you, they have good knowledge. But just not as compassionate nor kind (to the entrepreneur or each other)
@baki00-
@baki00- 2 жыл бұрын
I would have also taken this deal but with a contingency of diluting the equity from 50% to let’s say 25-30% after the company reaches a certain valuation point (which can be discussed) so that we both win at the end of the day.
@josephvalentine7
@josephvalentine7 3 жыл бұрын
@14:00 how was the kiss ?
@HeartBrains
@HeartBrains 2 жыл бұрын
This show has been aired for years now, didn’t every entrepreneurs know exactly on how to calculate the business valuation already. And boy, this couple proved me wrong.
@jedmccullough7959
@jedmccullough7959 4 жыл бұрын
Comparing a chair to a computer? Lmao
@tman5926
@tman5926 3 жыл бұрын
According to insider Growth the company's net worth is now over 10Mil
@gamerneutralized
@gamerneutralized 3 жыл бұрын
Wow!
@davinci6101
@davinci6101 3 жыл бұрын
This was framed as a business partnership less so than an investment which makes the deal more reasonable.
@bash547
@bash547 4 жыл бұрын
14:08 He got 👀 for da wife
@jdturkdrcox
@jdturkdrcox 4 жыл бұрын
I thought the exact same thing!
@EC-tz1uo
@EC-tz1uo 4 жыл бұрын
Me too lol
@shane_stiles
@shane_stiles 4 жыл бұрын
100%
@campbelldutch75
@campbelldutch75 4 жыл бұрын
You could land a 747 on her nose!
@laurasincitycomics
@laurasincitycomics 4 жыл бұрын
@@campbelldutch75 ooooooff harsh 😂😂😂
@ashleybarker937
@ashleybarker937 Жыл бұрын
Just looked on Amazon. Despite them saying that it's suitable from newborn. This is what Amazon display: Product Safety This product is subject to specific safety warnings Warning:Not suitable for children under 36 months
@afriendofafriend5766
@afriendofafriend5766 3 жыл бұрын
6:40, Janine, there's a surgery for that.
@moxgraphics4346
@moxgraphics4346 3 жыл бұрын
That's exactly the offer I would have put in. John is a capable guy.
@aj00
@aj00 4 жыл бұрын
Why not come in with a valuation at 1 billion if you can ‘see the potential’?
@beadb82
@beadb82 3 жыл бұрын
Quick hand shake to the hub, long eye stare and smooch to the wife😅
@jf1341
@jf1341 3 жыл бұрын
They looked happy as the sharks went out. They were there just for the exposure.
@countofst.germain6417
@countofst.germain6417 3 жыл бұрын
They made a deal lol
@KingKsEDC
@KingKsEDC 3 жыл бұрын
The new model added a seatbelt and slightly different design def looks safer and better but I wish they added a suction cup (you know how you can like suction a shampoo holder to the tile)?...I wish they added a suction on the back of the plastic where the babies head would go to add more security so it doesnt like tip over backwards. If that makes sense? At 2:28 you see what Steve is testing? So you add a suction (option) to stick to the tile to prevent exactly what Steve is testing. In their promo video the chair is pushed up against the wall (the back of it is) to obviously add security but again that suction would be great. If you guys see this and add it, Ill gladly accept a check 😎😎🤣. Haha Im actually going to email them telling them this. Idk if its a good idea or not but still. Edit-there are soooo many new born shower chairs from reputable brands for half the price. Did they say that they were the 1st to create something like this?
@Thepopcornator
@Thepopcornator 4 жыл бұрын
"I think they're dumb." - wow, I didn't know Andrew had that kind of savage level haha.
@kcirbfilms
@kcirbfilms 4 жыл бұрын
Pretty sure he said “done,” mate.
@trujillo71921
@trujillo71921 3 жыл бұрын
He said done.....
@keithwhittington1322
@keithwhittington1322 Жыл бұрын
The music had me on edge. Oh, the drama! And, yeah, glad they took the deal.
@mikewhite2230
@mikewhite2230 4 жыл бұрын
Why come in with a 4MILL valuation when you are willing to make a deal valuing your business at 200K If they came in with a 500K valuation lets say, they would've got a better deal and not lost 4 dragons
@JSSTyger
@JSSTyger 4 жыл бұрын
They pitched what they needed. Thats how.
@ProfRoofs
@ProfRoofs 4 жыл бұрын
Definition of *negging* right here. Calling them “uncoachable” and telling them what they lack and then taking 50% ... well, hope it works out for them.
@balla2828
@balla2828 4 жыл бұрын
Exactly that was absolute pressure and manipulation.
@100daysmic9
@100daysmic9 4 жыл бұрын
Right now they have an idea - and a patent and that will lead to zero with their lack of business sense. It was the only fair deal.
@tobiasgoldman
@tobiasgoldman 4 жыл бұрын
A business person is not to be there to be coached. Maybe an intern or employee, but not a business owner.
@balla2828
@balla2828 4 жыл бұрын
@@tobiasgoldman I understand looking to coach them and them needing it as well. But only to a certain degree. They took it to a point of pressuring and belittling.
@ivanmcdonnell7632
@ivanmcdonnell7632 4 жыл бұрын
Loop
@geniusuniverse2498
@geniusuniverse2498 3 жыл бұрын
Given that the company is only one month old, they were not ready to be in Shark Tank which resulted in them accepting a deal that doesn’t favor them. I know they want to grow as a company. but they have to understand that even with the Sharks it doesn’t happen overnight.
@rtususian
@rtususian 2 жыл бұрын
The key thing for this deal was that John really liked the product.
@priddynate
@priddynate 3 жыл бұрын
The entrepreneur looks at the wife in the end before taking the deal... like "dont get mad at me when we rich home, coz am about to take this deal"
@HolicChan
@HolicChan 3 жыл бұрын
Wait this is genius and I genuinely could’ve used one when I was watching my niece
@fightwokeism
@fightwokeism 3 жыл бұрын
In the famous words of mr.wonderful:”50% of millions is better than 100% of nothing”.
@ravenhalliwlel
@ravenhalliwlel 3 жыл бұрын
i mean to an extent thats true. its nice to have a dream and put it i action but if you want to make it a reality a bit of sacrifice is needed. i know they didnt want to sell 50% but on bright side if tis shark makes the product boom and sell tey benfit as well a wole lot more than if they did it alone.
@killler240
@killler240 4 жыл бұрын
Did this deal go through? Also, is the company still going?
@MarFutbolero
@MarFutbolero 4 жыл бұрын
yes, it went through, and according to 'Smart Company Australia' the company it's doing great thanks to the awareness that John brings on board
@JewTube001
@JewTube001 4 жыл бұрын
McGrath is pretty much the only person here you can trust to always go through with the deal.
@lsmpw
@lsmpw 2 жыл бұрын
I like John. I like his cadence also. He's always the only adult in the room. The others tend to be rude, and can't even come up with good suggestions or business proposals r counters.
@same.7939
@same.7939 2 жыл бұрын
AUS shark tank is so much more chill and laidback than the US version, both the sharks and entrepreneurs. Love it.
@QuantumBoogaloo
@QuantumBoogaloo 3 жыл бұрын
Am I missing something? Or wouldn’t the little countertop tubs be cheaper and easier to use? Like with the suspended fabric seat?
@OgdenM
@OgdenM 3 жыл бұрын
Or a kitchen sink with a handheld faucet.
@parkerying222
@parkerying222 4 жыл бұрын
lmao steve is like GOOOOOD YESSSSS!!!!
@tareqsaeed9831
@tareqsaeed9831 3 жыл бұрын
Charlie chair is worth $10m+ now crazy
@RamadaArtist
@RamadaArtist 3 жыл бұрын
I mean like, they weren't wrong?
@brussels13207
@brussels13207 4 жыл бұрын
Very very few companies have an international patent. They cost about 1 million dollars and about a million a year to maintain. Why did not the sharks question that?
@drnureini7538
@drnureini7538 4 жыл бұрын
Sharks at Shark Tank are so nice and to be honest it seems to me more like a media show than serious business talks. Imagine if these two went to Dragons den? they would destroy them, Debroah would ask to show her the bullshit patent their talking about (it's almost impossible to get international patent so either they are lying or some fake lawyer company lied to them and it seems more like the latter). Secondly, they are not even manufacturing the product, dragons den would laugh at that. third they couldn't tell how much profit they made so far, imagine you talk like that on Dragons den? Peter jones would have punched them on the face (with words of course).
@Rose-kn5od
@Rose-kn5od 3 жыл бұрын
I love Australia sharks .. they made me love Australia! They are soooooo sweeet!
@countofst.germain6417
@countofst.germain6417 3 жыл бұрын
Lol they're just normal people
@ronmanson3000
@ronmanson3000 4 жыл бұрын
"we worked too hard to give away 50%" OI U SOLD
@balla2828
@balla2828 4 жыл бұрын
They mean in terms of the idea, development and getting it off the ground + the money they have put in. They stated they are a month into sales.
@tiamta
@tiamta 3 жыл бұрын
9:00.... there are dads in the tank. you dont think the dads bathed the children?
@catatonicable
@catatonicable 3 жыл бұрын
How do you 'elbow test' the water?
@Eidolon1andOnly
@Eidolon1andOnly 3 жыл бұрын
Does Australia not have the baby bathtubs that go on counter tops?
@Gizmo2261
@Gizmo2261 3 жыл бұрын
The Boost Juice gal has some wild attitude on her - wow! She is so condensending.
@Zack-xz1ph
@Zack-xz1ph 3 жыл бұрын
"I want big boobs one day too, but that's never going to happen" LOL wasn't expecting that
@joecostello8452
@joecostello8452 3 жыл бұрын
OMG this is the first time iv ever yelled at a cell phone " TAKE THE OFFER '' !!!
@caza7729
@caza7729 3 жыл бұрын
I purchased a Charli Chair a couple of years ago, the concept is great and I love you idea however it still has alot to improve on. The fact that you have to spend $50 to get a foam insert to place in the chair so your baby doesn't end up with circular patches on their back from the holes really annoyed me esp after spending almost $200 on my black charli chair which is the bath tub edition. Would love to get in contact with the company to give a feedback on how to improve from a mum who has been using the charli chair on 2 boys for the last 2.5 years.
@fleezybaby
@fleezybaby 2 жыл бұрын
"i am the sole director, but he does all the work" means that the shark is going to be doing all the work.
@zainabimad3299
@zainabimad3299 4 жыл бұрын
the wife probably blew up at him afterwards lol
@gohan4837
@gohan4837 4 жыл бұрын
Nice deal ✌ Was like Steve cheered yes
@drjithinlal
@drjithinlal 4 жыл бұрын
On what earth they came up with 4million valuation
@Joe-th7kf
@Joe-th7kf 3 жыл бұрын
music was insane this episode lol loved it
@b_jean755
@b_jean755 4 жыл бұрын
I would so buy that! I hated having to bend over the bath tub to give my babies a bath it literally kills my back!! But they were smart for taking that deal! Cause if not they would have just screwed themselves!
@cacadeperro
@cacadeperro 4 жыл бұрын
My wife said the same thing, id buy this thing asap!
@Eidolon1andOnly
@Eidolon1andOnly 3 жыл бұрын
Countertop bathtubs for babies. Much cheaper and would have saved your back. They've been available for decades.
@b_jean755
@b_jean755 3 жыл бұрын
@@Eidolon1andOnly not when you dont have room for all that lol my kitchen is way way to small for me to put even a baby bath tub on the count top so I have to kill my back in big bath no matter what
@Eidolon1andOnly
@Eidolon1andOnly 3 жыл бұрын
@@b_jean755 You don't have a dining room table? Or a dresser?
@b_jean755
@b_jean755 3 жыл бұрын
@@Eidolon1andOnly No I don't have a table my house is to small lol and a dresser? Why would I give my baby a bath on a dresser and get all my clothes and everything all wet like that makes no sense like newborn is one thing but when babies get older they start to play and make a mess with the water
@quernalt
@quernalt 3 жыл бұрын
" I want big boobs one day, but that's never going to happen" Clearly, you've never been to Miami or California.
@zee_bee_23
@zee_bee_23 4 жыл бұрын
What would have made this even better is adjustable height where it can sit near floor level and babies can be seated safely in bath water as well
@MiceDevelopment
@MiceDevelopment 4 жыл бұрын
I think they should counter the offer with increase the value of the equity 250k for 50% is fair price for them and should have agreement to exercise share buyback in future this product is great, a bit unfair with that valuation
@Bowserguy62
@Bowserguy62 3 жыл бұрын
Bro my mans had the sweat on the side of the head good work camera man lol😂😂
@houseofvenusMD
@houseofvenusMD 3 жыл бұрын
You know the company is doing well when they post the link to the business in the description lmao
@balla2828
@balla2828 4 жыл бұрын
That was fucked up. Granted they brought an absurd evaluation, he sort of stole 50 percent of their business through absolute pressure. They try to treat these grown adults like children. Need an update on this business.
@MegustaGamingCorner
@MegustaGamingCorner 3 жыл бұрын
It's now worth over $10 million and is stocked across a bunch of countries
@balla2828
@balla2828 3 жыл бұрын
@@MegustaGamingCorner Nice. Happy for them.
@Vera-dc7my
@Vera-dc7my 3 жыл бұрын
It’s not a steal. They don’t know what they are doing and he made them milliners. Fast
@Vera-dc7my
@Vera-dc7my 3 жыл бұрын
@@MegustaGamingCorner good for them
@balla2828
@balla2828 3 жыл бұрын
@@Vera-dc7my Absolute pressure was imposed and absolute power was utilized. They were treated like children based on their clearly weaker position. Regardless of allegedly becoming millionaires later, these things still happened.
@bluntforce8749
@bluntforce8749 3 жыл бұрын
Im so glad they took his offer
@benjamincamilleri88
@benjamincamilleri88 4 жыл бұрын
I bought one i used it once unless you had the insert they get a mark on them from the holes
@chinaydoll14
@chinaydoll14 4 жыл бұрын
I got the inserts but the problem is, I live in an apartment that was built in like 60s and the showers are tiny, I can't fit the chair in which is stupid. I reckon the inserts should come with the chair as a package, not an extra $45.
@avinashjaiswal7056
@avinashjaiswal7056 Жыл бұрын
That was tense!
@karthikmanohar7152
@karthikmanohar7152 2 жыл бұрын
Steve is a brilliant mind reader.. i love steve a lot
@Mrbugaga
@Mrbugaga 4 жыл бұрын
He never miss that kiss 😘 😎😎😎😎
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