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Old 02-03-2017, 08:54 AM   #3026
4TeHloLz
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Re: The Shark Tank

I think the valuation for the tiny house guys was one of the more ridiculous I've ever seen. Currently renting 10 homes worth 30k each, will be paid off in 1.5 years. 0 barriers to entry. Asking for 10MM valuation.

Can somebody explain what Sacca's deal was all about, asking for other prior investors to convert their notes before his?
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Old 02-03-2017, 06:54 PM   #3027
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Re: The Shark Tank

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Can somebody explain what Sacca's deal was all about, asking for other prior investors to convert their notes before his?
There's prior issues of convertible notes that will dilute the equity when converted. If Sacca gets 7% of say 1M shares and then prior notes convert for an additional 200k shares, he now only has 5.8% of the company. He wants his $7M valuation calculated as a percentage of the shares that will exist after all convertible notes convert.
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Old 02-04-2017, 09:02 AM   #3028
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Re: The Shark Tank

Episodes have been great recently!

Little Nomad woman with her baby mats looked soulcrushed, felt sorry for her. Pricepoint was ridiculous though, should be smth like $79 at most. And she was not open to any constructive feedback at all, which is why I think no one made an offer. Business is selling product now so it seems like they got off the ground. 10k FB likes as well, seems to be doing al right.

dBest Products guy got ripped off so bad. His own fault though. I'm sure Cuban & Lori would've jumped at $600k for 20% + financing. Missed out on 250k at least.

Can someone explain to me why a business with a long track record and sudden profitable growth has to lend at a 15% interest rate to fund negative cashflow during growth stage? Can't he just set up negotiations with a couple of banks and get a $1m loan at 7-9% easily, with the loan spread over a couple of banks if no bank wants to take it alone? Am I missing something or was he just too lazy to go through this process?
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Old 02-05-2017, 09:04 PM   #3029
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Re: The Shark Tank

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Can someone explain to me why a business with a long track record and sudden profitable growth has to lend at a 15% interest rate to fund negative cashflow during growth stage? Can't he just set up negotiations with a couple of banks and get a $1m loan at 7-9% easily, with the loan spread over a couple of banks if no bank wants to take it alone? Am I missing something or was he just too lazy to go through this process?
I thought the exact same. The show is set up for the average viewer unfortunately. I'm sure they asked him about bank loans but obviously it hits he cutting room floor. I wish they would sell a DVD set with like 3x the content for each pitch so we could see all the questions the sharks ask.
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Old 02-12-2017, 11:24 AM   #3030
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Re: The Shark Tank

This is the first season where at least 3 times I've yelled at the entrepreneur "****ing accept you ****ing moron"!

Been some deals that if you watch this show year in and year you, you know they're just flat out snaps. Lol at some of these people who want 100% of a small company over 80% of a big one.
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Old 02-18-2017, 09:57 AM   #3031
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Re: The Shark Tank

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Old 02-18-2017, 04:49 PM   #3032
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Re: The Shark Tank

That Google employee with the glasses was the exact opposite of what I'd expect of a Google employee
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Old 02-19-2017, 03:41 PM   #3033
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Re: The Shark Tank

What got into Robert episode 16? Made 3 massive offers including 1 to purchase the entire fireman bag company.
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Old 02-19-2017, 08:41 PM   #3034
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The Shark Tank

I was a kickstarter backer of that bitsbox product.

Product is great. The society value is great. .. but I was impressed with the sharks discipline as I don't think the business has tremendous upside. There are similar products that are free (like scratch from MIT). I'll give bitsbox all the credit as the most polished and engaging kid-coding software & service, and it is well worth buying your kids - but I don't see much upside for an investor at $10mil valuation. I do hope they see great success despite my doubts.

Last edited by bip!; 02-19-2017 at 08:47 PM.
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Old 02-25-2017, 09:51 AM   #3035
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Re: The Shark Tank

Feel like the Sharks putting people on the clock is ruining the show at times. A lot of the fun was having Sharks negotiate against each other. Sometimes if the offer is fair (like Cuban and the drone girl), you're getting a good offer and you'd be dumb to not take it. But most of the time I find the whole thing frustrating. You want to go into business with someone that squeezes you like that? I'd have no problem telling them that I'd never start a business partnership under those circumstances, and I don't want to hear their offer. Flip the tables on them, see if the other remaining sharks respect it. my 2 cents.
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Old 02-25-2017, 11:31 AM   #3036
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Re: The Shark Tank

So every company now has to donate a portion of their earnings to a cause I guess.
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Old 02-25-2017, 01:44 PM   #3037
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Re: The Shark Tank

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So every company now has to donate a portion of their earnings to a cause I guess.


Thank millennials for that. (millennial was the theme of that episode)

These efforts go in cycles though. Last decade was all about "green" / eco friendly. Once the effort is no longer differentiating the motivation dies and a new social cause takes its place.
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Old 02-25-2017, 01:45 PM   #3038
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Re: The Shark Tank

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Feel like the Sharks putting people on the clock is ruining the show at times. A lot of the fun was having Sharks negotiate against each other. Sometimes if the offer is fair (like Cuban and the drone girl), you're getting a good offer and you'd be dumb to not take it. But most of the time I find the whole thing frustrating. You want to go into business with someone that squeezes you like that? I'd have no problem telling them that I'd never start a business partnership under those circumstances, and I don't want to hear their offer. Flip the tables on them, see if the other remaining sharks respect it. my 2 cents.


^ agree 100%. Such a scum move by the sharks that do it too.
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Old 02-26-2017, 01:41 AM   #3039
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Re: The Shark Tank

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Feel like the Sharks putting people on the clock is ruining the show at times.
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^ agree 100%. Such a scum move by the sharks that do it too.
I think they think it makes for exciting TV. I think it just makes for annoying TV.

I feel like sometimes they do it because they're on the fence about their offer and maybe changed their minds, but if that's the case you'd probably want a more committed shark a) to get through due diligence and actually get the deal and b) have them actually help with the company.

Most of the offers that get pulled are garbage offers in the first place.
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Old 02-26-2017, 08:40 AM   #3040
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Re: The Shark Tank

How good would it be if Cuban said "I'm offering you 300k for 30%, but I need a response now" and the entrepreneur said "Mark you're dead to me, now who has a serious offer and wants to behave like an adult?"

Man that would go down in Shark Tank lore. You would forever have the biggest dick in Shark Tank history.
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Old 02-26-2017, 10:11 AM   #3041
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Re: The Shark Tank

The more episodes I watch - the more I appreciate Kevin's value to the show.
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Old 02-26-2017, 10:20 AM   #3042
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Re: The Shark Tank

Kevin would be my first choice to work with.
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Old 02-26-2017, 01:37 PM   #3043
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Re: The Shark Tank

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Kevin would be my first choice to work with.
Last choice. Adds great value to the show though and his deals are always very interesting to listen to.
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Old 02-26-2017, 07:27 PM   #3044
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Re: The Shark Tank

I know Pete knows, but maybe some others in this thread do not. Mr Wonderful is basically in a 3 horse race (give or take, and maybe even a 2 horse race) to be leader of the Conservative Party of Canada. Should he win that nomination, I think he's better than a flip to be our next Prime Minister (just because I think our current government has set itself up to be a dog to almost anyone the conservatives run next time around).

If that happens, he's probably got 1 season left on the show.
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Old 02-26-2017, 09:16 PM   #3045
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Re: The Shark Tank

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I know Pete knows, but maybe some others in this thread do not. Mr Wonderful is basically in a 3 horse race (give or take, and maybe even a 2 horse race) to be leader of the Conservative Party of Canada. Should he win that nomination, I think he's better than a flip to be our next Prime Minister (just because I think our current government has set itself up to be a dog to almost anyone the conservatives run next time around).

If that happens, he's probably got 1 season left on the show.


That's so weird. I feel like he's a pretty big fixture in Boston, what % of the time does he live in Canada I wonder.
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Old 03-15-2017, 08:05 AM   #3046
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Re: The Shark Tank

Our boy Kevin indeed in what everyone say is the final 3 for the party leadership. May 27 is the big day:

http://www.theglobeandmail.com/opini...ticle34300130/
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Old 03-15-2017, 09:47 AM   #3047
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Re: The Shark Tank

Looking at Kevin's wikipedia page, I'm going to go ahead and guess someone who supports his political ambitions edited it significantly to emphasize his Canadian tie since he became a serious candidates. CANADA CANADA CANADA everywhere. Would love to see what it looked pre-political ambitions.
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Old 03-15-2017, 10:41 AM   #3048
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Re: The Shark Tank

2015 version of his wikipedia page https://web.archive.org/web/20150208...in_O'Leary
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Old 03-15-2017, 11:54 AM   #3049
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Re: The Shark Tank

One of the nice things about wikipedia is it's trivial to look up any past version of any page without using archive.org
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