They are bad negotiators, mark offered 400k for 20% they could’ve easily countered for the 12% no royalties. 😠
@osorioavatargaming11 ай бұрын
They were clearly very nervous if you look at the pitch, that doesn't make them bad negotiators necessarily, they were probably just scared to not get a deal and just agreed to go with a billionaire. Imagine you lost 2 million dollars last year and only have 100k in the bank left and Mark Cuban says he's willing to help.
@bjvu946011 ай бұрын
what they dont teach these guys is that they can set up a buy back program where they would have given mark the 20 percent and bought back the 15 percent for a million and he still gets to keep his 5 percent... They could have also done a disbursement from a future raise, to pay back initial investors at a certain bench mark... There are so many ways they could counter but when you dont know, you just dont know
@vistalite11 ай бұрын
@@TheDogGoesWoof69 Cocoa Puffs.
@SmokeDog187111 ай бұрын
Really seems like they are completely out of their depth, lost the vast majority of their sales revenue on bad decisions
@PJR2978710 ай бұрын
You realise you basically doubled the value that mark calculated for the company (in his opinion) I can't see him saying OK I was off by 100%. More than likely mark gives himself a buffer of around 30-40% to play with in his negotiation process...
@arjundureja11 ай бұрын
That’s a horrible deal for them. Mark is gonna make back his 400K in under 6 months, plus he gets 10% equity
@n7c11 ай бұрын
And worse margins
@Dogatemyhomework92711 ай бұрын
Yeah, but Mark may be able to give their business a 30% boost.. there’s value there
@mrhumble293711 ай бұрын
@@Dogatemyhomework927if he can. Only so much he can do, seems like the product is out there.
@saadmehmood-l3e11 ай бұрын
"it was their offer not mine" Mark said it
@NanaoNganba11 ай бұрын
yeah, no wonder they are losing a ton of money. they suck at math
@faradpack11 ай бұрын
Best part is Kevin calling mark a grasshopper 😂at the end. Kevin is my favorite guy. Golden heart with smart sense of humor.
@masonreyes358211 ай бұрын
Barbara: So you're brother and sister and not married? : Yes Barbara : For that reason I'm out!
@portal993511 ай бұрын
hahaa!!!
@MaskOfCinder11 ай бұрын
I didn’t know Barbara was from Alabama.
@vladeputinovic612811 ай бұрын
barbara died...she was killed by zionists last night cause she dared to say murdering 5000 children in few weeks is bad...her last words were.....aaaa I m out...aa------------
@Keliam88811 ай бұрын
@@MaskOfCinderwhat? In Alabama they do believe in siblings marrying each other ?😂😮
@isykll11 ай бұрын
@@Keliam888they do 😂😂😂
@kraken12511 ай бұрын
I knew Barbara was out when I got up today
@uaintseememaaan890111 ай бұрын
😂😂😂
@tf818711 ай бұрын
😂😂😂😂😂😂
@lucasvermeulen445411 ай бұрын
'I'm Barb- oh wait, I forgot to tell you, I'm out.'
@warriormanmaxx899111 ай бұрын
Hey @lucasvermeulen4454 - Barbara DID tell the pair "I'm out." Do you have trouble ... listening??
@lucasvermeulen445411 ай бұрын
@@warriormanmaxx8991 Yes
@lilprmami101511 ай бұрын
Terrible deal. I see why they lost so much money. They don’t have good fiscal experience in a business this size. They need a finance manager or advisor more than a shark.
@mrhumble293711 ай бұрын
I hate when they agree to loans. Just giving away equity. But Mark is worth it. I just think they could have got it without that.
@bjvu946011 ай бұрын
They have never heard of convertible debt or a safe... or a warrant if they are using a debt to offer equity
@williamhaynes708911 ай бұрын
Well mark still needs to promote the company so they stay in business long enough to pay back the loan.
@mrhumble293711 ай бұрын
@williamhaynes7089 they have the sales tho. He will eventually get it back.
@SlumberPartyLofi11 ай бұрын
I hope Mark helps them-I've tracked this company for a few years. Making headwraps this easy is really clever. I finally bought some wraps on November 17th. BUT it's December 2 and they JUST SHIPPED. Ground rate not priority😭😭😭 They've flooded my email with daily spam for the past 2 weeks. I JUST WANT MY HEADWRAPS DAMMIT.😭 I sell on eBay and my shop would get shut down if I waited 2 weeks to ship. Most customers will find this wait intolerable.
@Z-ef1rr9 ай бұрын
Yes!! They take forever to ship 😢
@GailCuffie7 ай бұрын
I have not received mine yet and I placed the order 3/1/24. They already charged me on 3/1/24 for the amount!
@megative444411 ай бұрын
Again, one of times where Mark helped people from Dallas. I am sure he wouldn't invest if they were from somewhere else. Can't decide if this is good or bad thing.
@scottcamuto841011 ай бұрын
He has admitted he sometimes make a deal on the show for reasons other than money...deal can always fall through in due dilligence
@zombielover317able11 ай бұрын
Look at me I just have to get on the internet in my comments that don't mean anything
@downey416Toronto11 ай бұрын
the brother is horrible at negotiating... Marc gave them a big chance
@blankblank322111 ай бұрын
My name is Barbara, and for that reason I’m out.
@curtisc351011 ай бұрын
Lol
@warriormanmaxx899111 ай бұрын
Not funny either! ehhh?
@Sam-qh1sh11 ай бұрын
What, the closet?
@iwrk11 ай бұрын
Total mismanagement of money, way to much spending on advertising, Mark will surely fix that
@MRB9611 ай бұрын
They didn't have to say they offered that deal to everyone, if any of the other sharks liked it they would just jump back in themselves
@williamhaynes708911 ай бұрын
Excepty barbra because she never buys anything
@JohnNorris197711 ай бұрын
How cute did Daymond look in that hat?! 🎩 😂
@MrGonzal3z11 ай бұрын
Mr. Wonderful called Mark “Grasshopper” 😂😂😂 I think that’s a first
@tyrellcobb466511 ай бұрын
I love it when I underestimate the entrepreneurs when they walk in then they mention the sales figure and I sit up in my chair.
@janemariefuentes298811 ай бұрын
They are not earning money lpl
@tyrellcobb466511 ай бұрын
@@janemariefuentes2988 With sales & margins like that, and Mark Cuban I think they've more than a fighting chance.
@SmokeDog187111 ай бұрын
@@tyrellcobb4665 Imagine making 50 million in sales and then only have 100k in the bank to show for it, I dont think a worse run business has been on the tank before.
@leehalloway87877 ай бұрын
They just need to get their customer acquisition cost down.
@DrB8111 ай бұрын
Seem like a nice couple of folk. I wish them well.
@Osvaldojluna11 ай бұрын
Happy lunch everyone
@AlexHernandez-qx9ky11 ай бұрын
1 hour lunch break 👌
@mikecaswell408011 ай бұрын
Damon’s smirk 9:35 has me rolling 😅
@jackbrown398511 ай бұрын
The the way he looks with the head thing on is great 😂
@marcbastien614211 ай бұрын
They almost blew it
@ChintanCG11 ай бұрын
More debt is not what this company needed
@watchdealer1110 ай бұрын
They just gave up 10% of their company for high interest debt 💀
@arthurnewman746111 ай бұрын
08:16 That slight eyebrow change is terrifying.
@SmokeDog187111 ай бұрын
50 million in sales to having 100k in the bank is pretty damn brutal, wonder if they might be better off getting a non family member COO who will streamline and focus the product line and marketing/sales. Even at the end there the sister just gave her bro the reins to make another poorly planned deal. Pretty much a textbook example of why you dont go into business with family, cant fire them even if they run your company into the ground.
@ashinthewind275911 ай бұрын
I think they said 15 million
@entityunknown166811 ай бұрын
Barbara just here for the free coffee and biscuits
@prathameshtakane735411 ай бұрын
something about a brand centered around a race always leaves a weird taste in the mouth for me
@DrB8111 ай бұрын
Usually the most fervent “anti racists” make everything about race and support of segregation. We all bleed the same. Globalists love division and push it deliberately to whip everyone into a frenzy of hate. Then they swoop in with legislation to “protect” us.
@uaintseememaaan890111 ай бұрын
Just like Asians consume the most rice, it is what it is. Don’t think too deeply about it. There’s variety in this world for a reason.
@tyrellcobb466511 ай бұрын
Like sun screen? Lol. Have you had yours today?
@leehalloway87877 ай бұрын
They have different hair. It makes sense.
@zdstella174111 ай бұрын
The black shark is Mr. Out,,😂
@alexandralaye414 ай бұрын
@zdstella1741 His name is Daymond
@deva19010 ай бұрын
I'm surprised Kevin didn't use his crush you like a cockroach" statement because this product is easily duplicatable on a home sewing machine, let alone a major manufacturer.
@williamhaynes708911 ай бұрын
Damien John being in clothing buisness seems like a better match
@smheath11 ай бұрын
What's up with the audio in the US clips? It always sounds muffled.
@fatimemehdiyeva243911 ай бұрын
I would buy this product just pritect my hair that is amazing
@amaya61811 ай бұрын
I’m in, and for that reason I’m out. -Barbara.
@warriormanmaxx899111 ай бұрын
Hey @amaya618 - your Barbara "joke" is not funny, nor original.
@amaya61811 ай бұрын
Sorry for replying 2 hours late, I spent the last 2 hours looking for who asked
@Chris_Alonzo_Vlogs11 ай бұрын
My name is Out, therefore I’m Barbara
@warriormanmaxx899111 ай бұрын
Not funny either! Ehhh?
@paulthrutner911411 ай бұрын
That comment is so 2017
@henryzhao462211 ай бұрын
Don’t y’all think if they didn’t spend 3 mil on marketing they might not have sold this much???
@Converterguy11 ай бұрын
I would never do a deal with someone who lost money with $15 million in sales
@tyrellcobb466511 ай бұрын
That sounds foolish. That is still $15 million in sales however you cut it. With great potential margins once you straighten out the mess.
@HipHopScenedaily11 ай бұрын
thats why your broke lmao
@williamhaynes708911 ай бұрын
They are smart enough to go get business help before the go broke... give them some credit
@SmokeDog187111 ай бұрын
Its 50 million
@adlad319911 ай бұрын
That stuff looks hideous on men lmaoo
@DDRUTOU11 ай бұрын
I disagree. I would wear it
@MissShaneice11 ай бұрын
he wanted it because... TEXAS!!
@PalmSpringsSketchComedy11 ай бұрын
I hope they succeed
@franciszkajanuszewski398211 ай бұрын
They’re so pretty; I’m glad they got a deal with Mark Cuban.
@dr.barrycohn546111 ай бұрын
400k for 5%. Nice valuation, nuts. Expensive dew rags.
@TherealElijhawatkins11 ай бұрын
Nice head wrap
@mrsbao10 ай бұрын
That "also for everyone..." was completely unnecessary! The other sharks are not deaf. How many times have the sharks swooped in when they sense a good deal even though they have gone out earlier? Can see why this company is struggling even with millions of dollars in sales for a direct retail business with him running the company. Not to mention he was unprepared during the presentation. She couldn't have picked a worse partner.
@DixieBishop11 ай бұрын
Isn't that a bonnet??
@najlaaakhiar984311 ай бұрын
They are bad negotiators, they were about to lose the only deal offered to them !
@ΚωνσταντίνοςΣταθερός11 ай бұрын
“I don’t have much money to invest and for that reason I am out”, Barbara.
@WD0077711 ай бұрын
This makes me really love my hair 😅
@LegosDeus10 ай бұрын
Re-inventing the do rag... Got it...
@ihwanchn10 ай бұрын
9:34 gyaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaat
@davidn.255511 ай бұрын
Bruh just counter 15% no royalty
@notme368611 ай бұрын
If Barbara is on the panel, she's out
@User5567411 ай бұрын
They are one of worst people at business i have ever seen and that while having such a big business. The only way their company isn't going down in 3 years is if they stop being the ones making the decisions
@SmokeDog187111 ай бұрын
Need to fire the brother or relegate him to a smaller role in the business, cant even imagine blowing through 50 million in sales like that
@TunerDaddy121911 ай бұрын
Andrew Wiggins
@N0ManDown5 ай бұрын
bad negotiations, but they seem smart and genuine, congrats !
@janemariefuentes298811 ай бұрын
They are dmb
@Skillpointer1011 ай бұрын
Enjoy your lunch
@rayna46311 ай бұрын
Thanks
@BossMan-vl5cd10 ай бұрын
His line is messed up
@tf818711 ай бұрын
Aside from the fact they did make some money, they don’t seem very smart. Wish them luck though.
@praise_eze11 ай бұрын
This is not something new please. These head wraps have been in Africa long ago
@sachy9311 ай бұрын
But they turned it into a multi million dollar business so kudos to them
@RM-xr8lq11 ай бұрын
lmao since when was being new a requirement to westerners 🤣
@tyrellcobb466511 ай бұрын
@@RM-xr8lq Since when has being new been a requirement for business
@leehalloway87877 ай бұрын
I think the swimming head wraps are new.
@escalona876411 ай бұрын
Why does mark look like a goose when he walks?
@fancen11 ай бұрын
loses all
@davida47211 ай бұрын
This one was horrible. They lack the passion.
@thepostman966411 ай бұрын
Daymion is out again ..
@Cryptoweeds4 ай бұрын
Horrible deal
@thepenetrator25215 ай бұрын
I just have to say that is one of the stupidest products I've seen on the show
@almaza440511 ай бұрын
So basically a hijab
@michaeljohndadd54511 ай бұрын
45th comment
@tonevicar-fr5gh11 ай бұрын
So you're selling turbans in america ? I'll be sure not to buy one right away and boycott the stores that sell them