Some thoughts on the last episode:

The BeardKing couple getting an offer for an absolute turd of an idea is a testament to the power of being good looking and delivering a solid, well-prepared, well-executed pitch. If ugly, less charismatic people make that pitch, no way they get a deal.

Chris Sacca could be the GOAT shark if he ever joins the panel full-time.

I've never been shocked by this show more than when Mark agreed to give the Fixed guy $700k for 5+2% of the company. An almost totally unproven business model, $80k in revenue, and a really sketchy/risky business for a $14m valuation. There are all kinds of potential unauthorized practice of law-type problems here. I can definitely see the upside but imo it's a bad investment.

I have no idea how the Village Scholarships people made it on the show. The % fee they're seeking per crowdsource is outrageous. They seemed like good people but oblivious to how greedy they're being. Company had a zero percent chance of getting an offer and was on way too prematurely.

How many times is that shmuck Chris gonna mention uber?

Came here to post the same thing

probably fewer than i would if i owned a huge chunk of uber

+1

Still beats that season where tmobile was mentioned every five minutes.

Dining plate lady

Kevin's deal is so weird, Kevin would be happier if the company becomes succesful slowly right? How can he be a fair shareholder/partner? Deal shoulda been something like if you don't reach 10 milly in sales next year a royalty starts until I've make $2 million or something. Though I'm sure she wouldn't have taken that deal either and she's just beyond crazy.

Why he mentions uber is pretty obvious imho. Same reason as Nick mentioning GPRO. They probably even have contract terms on how much they can say it.

The fact that he made a short speech about learning through Uber that "car buying is on it's way out" when discussing why he wouldn't invest in the parking ticket app kinda certified him as a douchebag in his own silicon valley la-la land.

Even if car buying is trending down in very specific markets in favor of ride sharing we've literally got decades and decades of white space before that trend becomes significant to decrease the potential volume of cars needing to park somewhere in any given city.

It was strange. The volume of beatable tickets is subject to negative feedback as the authorities will adjust. Those getting the details wrong when they fill out the tickets will be forced to take a lot more care once they start getting challenged regularly. Loopholes in the law will be fixed if they are over-exploited. Unauthorized practices will be less popular etc.

It's in a part a good social tool but it will tend to eradicate those problem too much to expect to make a fortune from it.

I'm pretty convinced that this deal doesn't make it through due diligence. A lot of these deals don't.

I was shocked at Cuban's valuation. He had to be more interested in the speeding ticket side of the business. Cuban seems to randomly throw around huge valuations when he feels a connection with the entrepreneur.

He did it with those two girls with engineering backgrounds when he gave them a 20 million dollar valuation.

Are there really people that are not buying a car right now because of Uber outside of some hipsters in the biggest cities in the world? Maybe I'm out of touch but Uber seems something you use when using your own car is not ideal, not something you use to replace your car.

I will probably be selling my car this year to use Uber/Zipcar exclusively. My situation is not the norm of course but it will save me money. It's also trading in a higher portion of fixed costs for a higher portion of variable costs which is nice.

I used to have no car and will again fairly soon. uber helps that.

The car makes no financial sense. It's only upside was convenience but parking is so hard and uber so easy that it's not worth the hassle.

Makes sense a city where you'd probably use public transportation anyway. Not like people in the suburbs will just get rid of their cars and start ubering their kids to school everyday.

Plus he pretty much runs the show, moving things along, making people make decisions.

I guess a lot of places still use hand written tickets. In NYC they switched to machines that scan the vin number on the car and print out the ticket so there are a lot less mistakes than there used to be. There can still be some mistakes such as the traffic cop entering an address wrong but I imagine within a few years most places will be using these machines to issue tickets and there will be a lot less mistakes across the board in ticket issuing.And in the tiny places that don't the ticket costs are probably extremely low and not worth fighting anyway.

The whole "nobody will buy cars because of uber" thing was also quite amusing.

agree with this

I think Chris Sacca was talking about people replacing their cars with uber once autonomous uber cars are the norm. Uber is already pretty cheap, think how cheap it could be if you didn't have to pay a driver. I think they currently get like 80% of the ride fee?

For the majority of people it'd likely be a lot cheaper compared to the cost of buying a car, depreciation, insurance, gas, maintenance, parking, etc.

^ this is exactly how I interpreted what Sacca was saying.

That fitness lady gets a boobjob and then complains about being big-busted...

Exactly what my wife said...

there's no way women would be comfortable in that giant padded thing with a large zipper in the front, even if they are used to products similar.

It might seem stupid, but i would never do business with anyone who comes in there bubbly and over the top preaching about how hard they work, etc etc.

That glove thing seems a stupid implementation of a good idea, it should be something seperate which you can wear under your glove.

The ice cream glove is reality now?