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04-15-2012 , 02:49 AM
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Originally Posted by ESKiMO-SiCKNE5S
i think the gimmick aspect for kids is pretty huge actually
i agree, swim/beach/surf/etcwear, especially for kids is the ideal target market. slutty girls also like having things written across their asses, so i could see it being used for that on swimwear. if its cheap enough i could see it really taking off.

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the idea that its a serious training tool is hilarious tho
yeah, i can't believe that's how they pitched it. people are dumb.
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04-15-2012 , 05:27 AM
o leary was pissed because he was going to get an insane deal on the copa guy and mark blew it being a drama queen. they were grossly undervaluing him. dude said he had 5 million in sales in 1 year and they wouldnt even make a deal that values the business at 1x multiple.
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04-15-2012 , 05:48 AM
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Originally Posted by -Insert Witty SN-
o leary was pissed because he was going to get an insane deal on the copa guy and mark blew it being a drama queen. they were grossly undervaluing him. dude said he had 5 million in sales in 1 year and they wouldnt even make a deal that values the business at 1x multiple.
I would really like to see the raw cut of Copa deal. I do think Robert Herjavec was actually pissed off and left the set, and O'Leary wasn't happy with Cuban either. It's first time I've seen Cuban make a clear cut mistake, but I might be a victim to the editing.
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04-15-2012 , 06:30 AM
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Originally Posted by -Insert Witty SN-
o leary was pissed because he was going to get an insane deal on the copa guy and mark blew it being a drama queen. they were grossly undervaluing him. dude said he had 5 million in sales in 1 year and they wouldnt even make a deal that values the business at 1x multiple.
this , not only did he have 5 million in sales but he had so many orders pending that he couldnt fill them ...which is also a good thing .
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04-15-2012 , 12:54 PM
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Originally Posted by -Insert Witty SN-
o leary was pissed because he was going to get an insane deal on the copa guy and mark blew it being a drama queen. they were grossly undervaluing him. dude said he had 5 million in sales in 1 year and they wouldnt even make a deal that values the business at 1x multiple.
i have to concur with earlier posters that alot of the entrepeneurs just want the publicity of the show.

if this guy wanted deal, he only wanted cuban not o'leary nor the guy no one has even heard of in canada (before he was on this show). guy should havecounter-offered cuban only ( are counter-offers even permitted?)
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04-15-2012 , 12:56 PM
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Originally Posted by stinkypete
also, kevin o'leary is way more loveable than simon cowell.
wow, i disagree so much. i know so many people who can't stand him (obviously there are others who feel otherwise)
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04-15-2012 , 01:44 PM
Quote:
Originally Posted by stinkypete
i agree, swim/beach/surf/etcwear, especially for kids is the ideal target market. slutty girls also like having things written across their asses, so i could see it being used for that on swimwear. if its cheap enough i could see it really taking off.



yeah, i can't believe that's how they pitched it. people are dumb.
Ya "slutty girls on spring break"!!!

SCREW lovable me
Innocent NOT
I'm so WET & Hot
Please LET ME call YOU my Daddy

Anyways I am sure other people can think of better ones then me.
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04-16-2012 , 01:58 AM
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Originally Posted by smbruin22
wow, i disagree so much. i know so many people who can't stand him (obviously there are others who feel otherwise)
O'Leary makes the show and really adds direction when the entrepreneurs first enter. Without him the show would be worse.
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04-16-2012 , 09:52 AM
The wine guy never wanted a deal. He wasnt taking the $600,000. Lets face it Kevin is right all the money is in the Licensing.

Cuban would have had it in his theatres and arena in a heartbeat.
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04-16-2012 , 10:09 AM
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Originally Posted by lozen
The wine guy never wanted a deal. He wasnt taking the $600,000. Lets face it Kevin is right all the money is in the Licensing.

Cuban would have had it in his theatres and arena in a heartbeat.
Disagree. Wine guy went in second time and obviously wanted a deal. Sharks we just not ready to deal with the guy who had all the details worked out.

He only needed money to increase production anyway, so he didn't want to give up too much stake in the company. He was ready to give up 30% if they met his valuation. He was ready to sell at a discount if Cuban gave him the arena and theatre business.

He valued his company at 6million which isn't too unreasonable
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04-16-2012 , 11:50 AM
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Originally Posted by pinkhearts
Disagree. Wine guy went in second time and obviously wanted a deal. Sharks we just not ready to deal with the guy who had all the details worked out.

He only needed money to increase production anyway, so he didn't want to give up too much stake in the company. He was ready to give up 30% if they met his valuation. He was ready to sell at a discount if Cuban gave him the arena and theatre business.

He valued his company at 6million which isn't too unreasonable
I agree...the Sharks were just trying to rip him off. They were valuing it at 2.5 mil while he had 5 mil in sales and still growing!
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04-16-2012 , 01:29 PM
It's a trend that the sharks are really uncomfortable/irritable when dealing with people who have some business sense or at least a capability of having some reason behind the valuations. They much prefer bullying around the clueless. I guess thats why they are called sharks

That said, if I was the wine guy i'd definitely go the licensing route.
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04-16-2012 , 02:27 PM
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Originally Posted by WiltOnTilt
It's a trend that the sharks are really uncomfortable/irritable when dealing with people who have some business sense or at least a capability of having some reason behind the valuations. They much prefer bullying around the clueless. I guess thats why they are called sharks

That said, if I was the wine guy i'd definitely go the licensing route.
agreed 100% on first part..... agree financially on 2nd part but there's his enjoyment factor too to think about
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04-17-2012 , 02:25 PM
Drew Curtis: How I beat a patent troll

http://www.ted.com/talks/drew_curtis...ent_troll.html
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04-17-2012 , 04:04 PM
The sweaty t-shirt guy:

I think he'll make some money with this. He's crazy if he thinks he'll create a brand of sweaty words apparel and he's crazy if he thinks Nike will eat this up. But the product defiantly has value. Assuming it's just an ink based product I think his product could potentially be in every t-shirt shop in the country in the future. It wouldn't be a huge seller for a t-shirt shop but it would be an option for their clients should they want something unique or different.
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04-17-2012 , 04:49 PM
The turn water into gold guy:

I have to say that I probably would have offered something to this guy knowing that the deal could have easily been called off during due diligence. It's like a freeroll. The sharks all said something like "lol, I don't know what you are talking about so I'm out." But I would have liked to get his research reviewed by a scientist or two before I laughed him out of the room. Sure there would be a 99% chance that this is pure monkey science but I would have liked to make my decision based on the opinion of an expert during due diligence. Perhaps I am a bit naive and I'm sure the show edited most of the conversation out but nothing anyone said in the show disproved the concept.



The Copa Di Vino guy:

After he appeared the first time I signed up with his email newsletter because it promised a "behind the scenes" of shark tank. And from watching some of his YouTube videos a few things are clear to me about this guy. First, he comes off as a guy who is a little too cocky and has a really high opinion of himself. And second it's clear that he wants to cultivate this image of himself as a black turtleneck wearing vineyard owner. When he went on shark tank the first time to ask for money he didn't have much in sales but he had already managed to spend what must have been hundreds of thousands of dollars restoring an old mill to make his wine in. A guy that cares that much about his image (always with the black f***ing turtleneck) isn't going to license his product and watch the big winemakers cannibalize his product and his image and squeeze him out of the single serve wine market. Even if he'll make more money that way. Oh well. He'll have his image but he'll give up 3/4 of the profits he could be making.

Anyway the sharks weren't anywhere close to a good number. And I don't see why they think they would deserve a discount either. This isn't tech, retail, clothing, or real estate. There's no way they have any big food and beverage connections or expertise that would entitle them to a discount on equity. His buddy/advisor at Sam Adams forgot more about the industry than the sharks ever knew. And I don't even think a member of the Gallo family would ask for the discount the sharks were asking for.

Last edited by GEAUX UL; 04-17-2012 at 04:57 PM.
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04-17-2012 , 05:18 PM
The gold thing, is something that some pretty smart people have probably thought a lot about. I remember in chemistry class, we did a problem where there is something like eight million atoms of gold for every liter of seawater (something along those lines). Of course the total amount of atoms in a liter of water is pretty much an inconceivable number to us but theoretically there is a ****load of gold in the ocean.

The guy's device relied on creating it's own energy to extract this gold, as usual typical energy sources the cost outweighs the amount of gold extracted. Now I'm sure a real scientist could quickly blow holes in his plan and he is no doubt kooky, but the idea is one that is not completely out of this world.
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04-17-2012 , 05:56 PM
I can't imagine there hasn't been a company that would simply extract gold from seawater, in massive amount of quantities to get economies of scale, if it was viable.

The Copa Di Vino guy is a ******. I would license that thing so quickly, insta-make $10M+ and enjoy life in California.
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04-18-2012 , 05:27 AM
Yeah, I'd definitely retire and then spend my time doing something relaxing/something I love. Probably open a small vineyard and make my own wine.
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04-18-2012 , 08:40 PM
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Originally Posted by The Financier
I can't imagine there hasn't been a company that would simply extract gold from seawater, in massive amount of quantities to get economies of scale, if it was viable.

The Copa Di Vino guy is a ******. I would license that thing so quickly, insta-make $10M+ and enjoy life in California.
everyone seems to assume he can just do that. maybe he can't. have to know patents and have a good look at it. surely single serving wine isn't patentable. you can get it on airplanes, in hotels and at my local liquor store for about the past 30 years
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04-19-2012 , 10:27 AM
The copa vina thing:

I was in the UK six months ago and bought wine, by the glass (it was horrible) in the equivalent of a 7/11. The glasses had stems on them rather than looking like mini pint glasses but other than that, they were identical to his product. They have been available in the UK for 5+ years.

How can he possibly have a patent on a technology that has been commercially available in a large market for years before he "invented" it?
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04-19-2012 , 10:32 AM
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Originally Posted by sharpie337
The copa vina thing:

I was in the UK six months ago and bought wine, by the glass (it was horrible) in the equivalent of a 7/11. The glasses had stems on them rather than looking like mini pint glasses but other than that, they were identical to his product. They have been available in the UK for 5+ years.

How can he possibly have a patent on a technology that has been commercially available in a large market for years before he "invented" it?
My guess is he has patented the process.
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04-19-2012 , 01:18 PM
Quote:
Originally Posted by sharpie337
The copa vina thing:

I was in the UK six months ago and bought wine, by the glass (it was horrible) in the equivalent of a 7/11. The glasses had stems on them rather than looking like mini pint glasses but other than that, they were identical to his product. They have been available in the UK for 5+ years.

How can he possibly have a patent on a technology that has been commercially available in a large market for years before he "invented" it?
there you go it was horrible. He has a process were it tastes like it came from a new bottle
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04-19-2012 , 01:28 PM
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Originally Posted by lozen
there you go it was horrible. He has a process were it tastes like it came from a new bottle
It was horrible because it was $3.50 a glass. (And tasting like wine came from a "new bottle" is not good for reds - better to decant them first.)

The process itself was identical.

I wonder if his patent would stand up in court against such obvious prior art.
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04-19-2012 , 01:51 PM
Quote:
Originally Posted by ESKiMO-SiCKNE5S
i think the gimmick aspect for kids is pretty huge actually
A prime example of this working was Hypercolor shirts.
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