The Shark Tank - Page 2 - Business, Finances and Investing Forum

the bald guy is great for the show but it's crazy how transparent his strategy of lowballing the **** out of everyone really is.

he literally throws out a crap offer and tries to pressure the person into accepting it ASAP. might just be for TV, but if not, it'd really turn me off from working with a guy like that.

I'm a big fan of Kevin O'Leary. He use to have a daily show on BNN but is now on CBC. It is a little Canadian-centric but a great business show.

I'm not sure how much editing for good story quality his background has but watching him tell it I believe it is mostly true. He was really headed to being a bit of a loser hippie until he got a job at mall in Ottawa in his late teens. He had an abusive boss and that led to a conflict and him getting fired. That was when he decided he was never going to let anyone have that kind of power over him again. After that everything changed.

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04-02-2011 , 10:03 AM

#27

Henry17

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The one I think had the most support was the Uno. It was a $1.XM for 15% that ended up going for $1.XM for 20% with all five Dragons and no fighting. They just jumped at it.

http://www.youtube.com/watch?v=hXO4Ki8qsvk

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04-02-2011 , 10:42 AM

#28

GuvnorJimmy

banned

Join Date: Jun 2009 Posts: 641

Quote:

Originally Posted by Henry17

As usual you talk with such confidence, yet way off the mark in your assessment.

Stop quoting something everyone knows and try and find some real news.

Ken O'Leary is a scum bag fraudster. Lets test your reserach skills and see if you can come up with some real information if you are gonna talk about the guy. I will start you off with a basic article:

http://www.time.com/time/business/ar...921635,00.html

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04-02-2011 , 11:36 AM

#29

Henry17

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Everyone knows about Softkey / The Learning Company. It isn't like he sold it to little old ladies. Sucks for Mattel but next time understand what you are buying and do some due diligence. It was 1999-2001 -- there were 100s of companies with insane valuations that got sold and were worth 10% of what the acquirer paid a year later.

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04-02-2011 , 11:42 AM

#30

Green Plastic

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Quote:

Originally Posted by Henry17

this may be true, but the guy is still a dick. he's also constantly bragging about how he sold something for 3.6b. he just seems like a douche.

i'm not saying he isn't smart, is bad for TV, or hasn't had a lot of success, i am saying that he'd be the last type of guy i'd want to work with if i had a choice as an entrepreneur. fortunately for myself, i do have that choice, and i choose not to work with people like Kevin.

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04-02-2011 , 11:47 AM

#31

lozen

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I dont mind him he is brutally honest. Also how does he differ from how Mark Cuban attained his wealth?

Last episode they made the guy an offer but told him they would fire him as soon as he took the check. Though they would still pay him a 7% royalty for his life. Guy was an idiot not to take

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04-02-2011 , 12:03 PM

#32

Henry17

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Green Plastic,

He hams it up a lot on Shark Tank / Dragon's Den. He isn't as much of a character on the business show or when you see him in a business setting.

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04-02-2011 , 12:07 PM

#33

Green Plastic

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Quote:

Originally Posted by lozen

if there is a greater fool that wants to overpay for a business then it shouldn't be held against anyone. if there was fraud involved then obviously that is a different story. there is evidence to suggest there was something of that nature going on in the O'leary sale as there was a >100m lawsuit settlement.

i saw the last episode too and that guy was an idiot. he should have taken whatever he could get. that pitch is just another example that it's the people behind a business that are important, not the idea. foolish people can and do fk up home run products or ideas.

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04-02-2011 , 12:31 PM

#34

lozen

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i saw the last episode too and that guy was an idiot. he should have taken whatever he could get. that pitch is just another example that it's the people behind a business that are important, not the idea. foolish people can and do fk up home run products or ideas.

They were right he was a horrible salesman and you just didnt trust him

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04-03-2011 , 11:49 AM

#35

marija68

enthusiast

Join Date: Oct 2008 Posts: 57

Kevin O'leary is not like that in 'real' person, he plays that character and has a script I'm sure. There has to be one shark that everyone hates and he does plays it well. Ive watched every episode and he only gives fair offers to 'good' businesses.

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04-03-2011 , 11:08 PM

#36

apology7

adept

Join Date: Jan 2007 Posts: 727

i've always kind of assumed that bald guy was the 'simon cowell' personality off the show. it def. seems like he is playing an exaggerated version of himself -albeit he is still probably a douchebag

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04-03-2011 , 11:31 PM

#37

guids

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Join Date: Oct 2005 Posts: 16,996

I wonder how many people get totally raped after the show ends, when their product actually starts to take off because of the investors connections, and in the process watch something that they created get pillaged because they didnt have the business savvy to keep from getting their asses handed to them.

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04-03-2011 , 11:53 PM

#38

meeloche

journeyman

Join Date: Jun 2009 Posts: 355

I was pretty disappointed Cuban wasn't a permanent change for season 2. I thought he was much more interesting than the infomercial guy.

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04-04-2011 , 12:30 AM

#39

Sponger.

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this loser from my high school who used to stalk a good friend of mine and would do **** like sit in his car outside her house was on the show last season

http://www.sdnn.com/sandiego/2009-10...ves-shark-tank

http://www.notehall.com/

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04-04-2011 , 05:26 AM

#40

lastsamurai

old hand

Join Date: Mar 2005 Posts: 1,987

Quote:

Originally Posted by meeloche

I was pretty disappointed Cuban wasn't a permanent change for season 2. I thought he was much more interesting than the infomercial guy.

Jeff Foxworthy is going to be a guest shark on the show...

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04-04-2011 , 06:39 AM

#41

Henry17

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Originally Posted by guids

A large percentage of the deals never get past the due diligence stage.

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04-04-2011 , 01:58 PM

#42

PrimordialAA

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Originally Posted by Henry17

A large percentage of the deals never get past the due diligence stage.

Is this actually true, or your assumption?

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04-04-2011 , 02:14 PM

#43

Henry17

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Originally Posted by PrimordialAA

Is this actually true, or your assumption?

Report on Business interviewed the Dragons some time ago and that came up.

Even without the article though it should be pretty obvious that a large percentage of deals would fail at the due diligence stage. You have inexperienced business people who are fairly motivated so it is just natural that they would spin things and even outright lie.

There was one deal on the Canadian show that I actually wanted to follow up on. What the guy was claiming to have invented violated physics. It was clear the deal would fail as soon as they got the the machine into a lab and it didn't do what the guy claimed it did.

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04-04-2011 , 02:41 PM

#44

Green Plastic

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Henry are you TheRealHenry17 on twitter or it a fake account?

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04-04-2011 , 03:01 PM

#45

Henry17

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It is a fake account.

It started off being funny for the first 2-3 days but then it stopped being funny and has been pretty horrible for the last year or so. Not sure if someone else took over or if they ran out of material.

I don't use Twitter yet. I plan to eventually try it out but I don't see the value in it.

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04-04-2011 , 03:16 PM

#46

Green Plastic

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getting OT but twitter is really, really valuable. it's changed the way i use the internet, far more than facebook has.

mark cuban had a good blog about this yesterday: www.blogmaverick.com

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04-04-2011 , 03:32 PM

#47

Henry17

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I see the value it has for other people and certainly for something like ESPN. I have friends who are reporters and they are all required to use twitter. I don't doubt the value of Twitter as an information dispersal or promotional tool.

For myself though I have nothing to promote and no public image to build or maintain. When I eventually get around to trying it I'll be most likely just passive and following other people.

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04-04-2011 , 03:52 PM

#48

Green Plastic

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Originally Posted by Henry17

When I eventually get around to trying it I'll be most likely just passive and following other people.

Right, and this is the value of it for everyone. I am sure you are passionate about certain topics. Follow people/biz's that tweet about those things. Twitter gives you an instant feed to topics and people you care about. You can consume information so much faster and more efficiently than you can by having regular website that you visit.

I also enjoy just browsing Twitter. If I find someone who is interesting/successful, I'll see who they are following. From there I will check out their tweets or people they might be following. It's pretty remarkable what you can learn about by doing this.

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04-04-2011 , 04:08 PM

#49

guids

banned

Join Date: Oct 2005 Posts: 16,996

Quote:

Originally Posted by Green Plastic

I agree with this, I dont tweet myself, but with:
http://pipes.yahoo.com/pipes/

and doing something similar to this

http://www.readwriteweb.com/archives...pipes_list.php

and this

http://www.searchenginejournal.com/t...o-pipes/11803/

I throw my feed up on the web, and I have very great content, and it feeds to my cell phone so, I have only relavent articles on my cells home screen