i agree that the bedbug business was genius, collusion was cheesy and unfair.

my thoughts exactly

really sick of seeing super positive people overselling gimmicky **** like that belt buckle

daymond was really bad tonight, shame as he is usually my favourite or close to it

I'm not qualified to put a dollar figure on the value of having the 5 sharks each working with you but I would imagine that it is significant. Assuming it's $1m then they are already break even versus the $5m for 100% and my guess is that it's much higher.

that deal is not gonna go through imo

why not?

Each additional shark adds to the total value, but decreases the per shark value. This is because there is a ceiling to what can be brought to the table. An easy way to illustrate this is to imagine there are 1000 sharks. If each shark is worth $1m then to sign them all up means you just made $1b. Obviously that isn't the case.

Having more sharks can also be a hindrance. For example, if there are different ideas on what should be done with the company and you end up with a bunch of infighting. Still, most people would want the extra sharks, because (a) you are more likely to get the shark(s) that has the skills/connections which best serve your company and b) the cumulative benefit of all skills/connections, even given that some sharks will add zero or next to zero.

The point is, certainly the 250k along with the 5 sharks is worth more than 250k from my pet monkey, but I doubt it's 4.75 million more, especially given how far they've already taken the company and it seems like they don't need much help.

Because they will realize they gave up too much for too little.

Well the 5M deal they passed on means they would obv have 0 equity. If they think they can generate hundreds of millions over the course of years then having a large chunk of equity in it is worth more than 5M. gamb0000000l

Obviously, they think the remaining equity is expected to be worth more than $5m. The point is, that's not due to each shark adding $1m.

The eCreamery business hit gold.

Gave up 0% equity and got national exposure with all 5 sharks endorsing the ice-cream as the best they've ever had. I bet a few businessmen are knocking on their door offering to help.

They give up a % off the bat for being on the show.

It is discussed somewhere previously in this thread.

According to the show's website each business gives up 5% equity plus 2% of sales, regardless of whether they get funding from the sharks or not. Seems like a lot to give up, but I guess the exposure on ABC can be very valuable.

the ecreamery website is interesting, worth checking out.

no more vanilla gifts is their current thing. that annoys the **** out of me as the only worthwhile ice cream flavor is vanilla. ice cream companies should be doing all they can to perfect their vanilla ice cream.

yeah +1, but i dont think the sharks go through with it anyway. i doubt that deal in its current standing has all 5 sharks agree to it the next day.

i think a majority dont go through, i dont think its a stretch to say that the most convoluted bull**** deal probably in the history of the show is going to be in that majority?

While I usually agree that the more complex deals are more likely to fail in the due diligence phases of negotiation, in this particular case I expect the bed bugs deal to go through, simply because the sharks get so much out of it. Even if they have to deal with a little extra bullcrap or unforeseen issues, they're more likely to work through those issues when they're each getting upwards of a few hundred grand in equity.

Wow. IIRC it used to only be the 2% royalty. Now they've added 5% equity.

I thought it was always "or" in the contract. Would be interesting if it's both.

What did people think of the surfset fitness equipment? Do you think it's a trend that could stick (given the general surf industry's integration into modern US culture) or just a short lived fad?

fad

Just another one of the bajillion fad exercise equipment/videos out there.

thoght it was incredibly stupid and was shocked how much they liked it. the exercises they showed them as examples were nothing. all it was good for was balance

When Robert got on the board I figured they would all say, "see Robert is not coordinated enough to use it, how is 300 lber gonna do it?" Then they all loved it and I wanted to throw up. You could see Robert was struggling on the board. Nobody is gonna use a piece of equipment with huge learning curve

I guess I should say that I was defending the idea of opening a studio featuring classes with these machines as the focal point. Keep in mind I live in Santa Monica, where there are an abundance of single women/health conscious everybody/lots of expendable income/and a lot of surf culture. The surfset website currently lists no one in LA "coming soon" to offer these devices. But, the whole idea is contingent on whether anyone will actually want to use one of these things after the first class.

The reason I see it as more than another dumb exercise device is the link to surfing. There are tons of actual surfers here who might be interested in this type of machine, lots of people who like to think of themselves as surfers and lots of people who want to be surfers.

Go ahead, shoot me down

Surfers are a small niche market and many surfers will prob hate the machine.

I was very surprised at the reaction of the sharks for the surfing fitness equipment.

There are tons of balancing board products on the market. Not that I think there's a market for the surfing product but what they presented seemed to fit better as a supplement to teach someone how to surf out of the water, not fitness.



Maybe invent a surfing video game out of it?