The Shark Tank - Page 22 - Business, Finances and Investing Forum

For the speculation Robert said on shark tank that he owned 100 percent of his companies when he sold them for 300 million dollars. He is worth more than O'leary, Damon, and Barbara.

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05-15-2012 , 01:59 PM

#527

Conz

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Join Date: Jul 2009 Posts: 6,919

coulda sworn i checked celebritynetworth a month or 2 ago and Barbara was the 2nd richest of the bunch.

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05-15-2012 , 02:04 PM

#528

Conz

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Join Date: Jul 2009 Posts: 6,919

Quote:

Originally Posted by Conz

celebritynetworth.com?

Kevin sold a business for $3b, but is only worth $300m?

Cuban is $2.5b. Holy crap, Barbara is $1.5b

Kevin Harrington has $450m.

Daymond and Robert are only worth $100m. now I'll never sniff anything close to that, but is that really enough to qualify as a shark?

Foxworthy is also worth $100m which speaks volumes for his demographic. they paid that man $100 million to be horrendously unfunny for all these years.

see. old post from January. I guess their numbers were way off on Barbara.

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05-15-2012 , 08:30 PM

#529

:cake:

enthusiast

Join Date: May 2012 Posts: 62

wrt robert being an idiot: obviously i don't think he actually has a sub 100 IQ but he never says anything remotely smart or business savy on the show. he either parrots/repeats something kevin or mark says or just agrees with someone and is like "yeee-ahhhhhh c'muhn whater yah gunnah do" or stares hard for a moment before rejecting a deal

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Originally Posted by cwar

If I were bringing a business on the show I think Barbara would be my #1 choice. From what I've seen her businesses have had the most successful updates and she spends a good amount of time with her projects. It's honestly hard to imagine any of the other sharks responding to my email let alone really helping guide the business.

this this this this

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05-15-2012 , 08:38 PM

#530

FourFins

grinder

Join Date: Jul 2011 Posts: 698

Quote:

Originally Posted by D0UGHBOY

Ideally if you had the business and wanted to go on shark tank you would just need the money and not guidance. Other than Barbara nobody seems to want to offer guidance so your best shot would be if you had a great idea/plan and needed money.

I think going on the tank for just the money would be the worst thing. The sharks rarely seem to give a good deal monetarily for the fish. They do this because their value as a connected and knowledgeable shark will make up for the extra equity they gain and they only seek deals that reflect that.

Sometimes there's a product that is a great fit for a shark (and this can also depend on the desperation of the owner) and it's totally worth it to sacrifice equity. Such as a product that would go great on QVC with Lori or a technology product that Cuban can run with.

If they just needed the money, would be better to seek out investors irl.

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05-16-2012 , 10:26 AM

#531

D0UGHBOY

Self Rising

Join Date: May 2012 Posts: 3,633

Quote:

Originally Posted by FourFins

It seems like a lot of these companies wouldn't be good investments if it wasn't for shark tank. I feel shark tank adds a lot of value to the businesses. Granted there are some companies that are very profitable and if they sought out irl investors they could pick any offer they want.

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05-19-2012 , 01:03 AM

#532

ker17

journeyman

Join Date: Aug 2010 Posts: 297

the digital lock guy was the best presenter I have seen on the show, excellent negotiation skills imo

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05-19-2012 , 01:06 AM

#533

icantfoldsets

grinder

Join Date: Oct 2011 Posts: 419

Imagine a poker player getting on this show to get the sharks to stake them in the $1 Million tournament this WSOP.

You guys think the sharks would listen or react along the "Wtf, you're a gambler trying to gamble with my money" line?

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05-19-2012 , 01:09 AM

#534

GoMukYaSelf

veteran

Join Date: Dec 2006 Posts: 2,128

Quote:

Originally Posted by ker17

the digital lock guy was the best presenter I have seen on the show, excellent negotiation skills imo

he's as close to a "lock" (pun intended) that has been on the show that I have seen. his background is one in a million and he has an innovative, defensible product in a massive (and growing) market

speaking of course in terms of proposed valuation walking in the door... hard to compete with damon getting that guy to go from giving up 10%-->80% equity for 50k

interesting to see someone fight to get O'Leary in on a deal since his tendency of being a dickhead actually provides significant value in a contract negotiation

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05-19-2012 , 02:13 AM

#535

ker17

journeyman

Join Date: Aug 2010 Posts: 297

Quote:

Originally Posted by GoMukYaSelf

I loved the product, especially with those features. Their reasoning for getting O'Leary in was hilarious, def has merit tho.

The shoe deal was interesting, but I think makes sense for both sides, I would be excited about the prospects if I were the owner

Last edited by ker17; 05-19-2012 at 02:39 AM.

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05-19-2012 , 09:22 AM

#536

Moreconfusednow

adept

Join Date: Nov 2008 Posts: 927

Anyone else laugh at the end of the show when the guy says "I got the 2 billionaires backing me!...

A totally smart guy thinks O-Leary is a billionaire...seriously

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05-19-2012 , 09:47 AM

#537

Jzo19

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Join Date: Feb 2007 Posts: 11,333

Quote:

Originally Posted by icantfoldsets

i remember a poker player who was looking to get backed on the UK version of dragons den and yea it was pretty lol

as for this ep the lock idea is genius obv . itll make millions and im sure ill get one as soon as its out in the market ..wonder how robert feels always coming in second to mark cuban ,

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05-19-2012 , 10:13 AM

#538

Conz

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those shoes were hideous and the guy sold 4/5 of his company for $50k, does he really have a chance to make a lot of money even if Daymond licenses off the recyclable aspect of it?

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05-19-2012 , 10:13 AM

#539

Wraths Unanimous

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Shoe deal is on hold. The owner has a kickstarter running for it trying to raise 40k. For $65 you can grab a pair of the shoes and some other random stuff. The problem with the lock guy that I forsee is that people can build out that lock and smartphone tech for way less than 150-200. I guess most people won't do that but I probably will. It's a great idea.

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05-19-2012 , 10:23 AM

#540

Conz

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i thought the price was fine. they made some points about the housing market and how no one will spend $200 on a lock... why? you pay for it initially and then that's it.

also, maybe i missed it, b/c i came back late from commercial, did he mention anything about the weather effects?

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05-19-2012 , 11:12 AM

#541

HyperionMark

adept

Join Date: Jul 2005 Posts: 1,017

Quote:

Originally Posted by Wraths Unanimous

The problem with the lock guy that I forsee is that people can build out that lock and smartphone tech for way less than 150-200.

You mean other developers can do that?

And if that is what you mean I can't foresee that kind of product ever selling for significantly less than 150. Maybe a little, but not a lot.

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05-19-2012 , 11:38 AM

#542

stinkypete

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Quote:

Originally Posted by Wraths Unanimous

The problem with the lock guy that I forsee is that people can build out that lock and smartphone tech for way less than 150-200.

lol. no, that is not the problem with the lock guy. i'm not exactly sure what kind of parts are available out there, but i'd be shocked if you could build something equally functional/compact/clean for less than his retail price. please enlighten me if i'm wrong. and most people that are capable of doing it won't do it because their time is worth more than that. a few nerds out there would do it for fun, and that's it.

this is like saying that the problem with sweaters is that you can buy a ball of yarn for $1.

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05-19-2012 , 02:57 PM

#543

RikaKazak

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Quote:

Originally Posted by Conz

I have one of those keypad deadbolts and I paid $99 for it (wife's christmas present) If they sold it for $149 or $199, my wife would of made me get one of those.

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05-19-2012 , 04:24 PM

#544

Melkerson

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I think the main problem for the lock guy is that some smart hacker type could write a program to pick these locks.

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05-19-2012 , 04:27 PM

#545

HyperionMark

adept

Join Date: Jul 2005 Posts: 1,017

Quote:

Originally Posted by Melkerson

I think the main problem for the lock guy is that some smart hacker type could write a program to pick these locks.

If you are intelligent enough to know how to hack into people's homes you could stand to make a lot more being a criminal by hacking into various accounts online.

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05-19-2012 , 05:08 PM

#546

stinkypete

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Quote:

Originally Posted by Melkerson

I think the main problem for the lock guy is that some smart hacker type could write a program to pick these locks.

i agree. but considering that isn't really a problem at all (the perception is a much bigger problem than the problem itself), it should be smooth sailing for him.

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05-19-2012 , 06:35 PM

#547

Hector Cerif

old hand

Join Date: Apr 2010 Posts: 1,556

Technically modern locks have the same problem; i.e. a lockpicker could "hack" into one. But I agree the public perception will probably cost a few sales before it catches on.

I like the idea for cars and laptops and the like.

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05-20-2012 , 12:05 PM

#548

lozen

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They showe were Damon met the with the club guy and brought his A list celebrity. I honestly had no clue whom the guy was. Now I am older is this some DJ or what? I cant even remember his name

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05-20-2012 , 12:16 PM

#549

GrassHopperAA

grinder

Join Date: Jan 2007 Posts: 483

Quote:

Originally Posted by lozen

They showe were Damon met the with the club guy and brought his A list celebrity. I honestly had no clue whom the guy was. Now I am older is this some DJ or what? I cant even remember his name

Pitbull. A very hot rapper right now.

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05-20-2012 , 12:30 PM

#550

TheRealIABoomer

old hand

Join Date: Aug 2008 Posts: 1,660

Quote:

Originally Posted by lozen

They showe were Damon met the with the club guy and brought his A list celebrity. I honestly had no clue whom the guy was. Now I am older is this some DJ or what? I cant even remember his name

Pitbull's popular enough and his music has a wide enough reach that Lindsay Lohan sued him for using her name in a song.

http://marquee.blogs.cnn.com/2011/08...over-hit-song/

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