The Shark Tank - Page 34 - Business, Finances and Investing Forum

I really dislike that Lori invested in the crying woman. So silly and tilting.

The plate guy started off great and then really screwed himself. I have no problem with him changing the valuation. ******ed to think that the sharks would only want 5% equity.

And I have no problem with Damond backing out with the plate guy because it became pretty shady.

imo, distributive bargaining vs. integrative bargaining.

Seth McFarlane added no value to that guys stupid flytrap idea. Now do you think the sharks really had no idea McFarlane was appearing? The sharks seemed genuinely surprised.

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11-03-2012 , 08:39 PM

#827

ESKiMO-SiCKNE5S

What SN is this?

Join Date: Aug 2005 Posts: 29,325

Quote:

Originally Posted by NLSoldier

kevin is making this show almost unwatchable. once a shark is OUT they shouldn't be able to say a ****ing word.

i don't think the sharks understood what the last guy was trying to do and it seems some of you guys don't either. he came in thinking his company was worth 15M but he was willing to "give away" 5% for a mere 90k just to get the exposure and shark connections. he didn't like the 900k-1M offers more than the 90k offer even though they were at a higher valuation because the valuation was still far lower than his valuation and for far more equity. his strategy was simply to get a shark (and their connections) on board for as little equity as possible. it was a smart strategy imo but either the sharks didn't understand or saw through it and didn't want to give up their time for such small equity so they made him look like an idiot.

wow i get it all now

how did you explain it so perfectly in one paragraph and he failed so miserably lol

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11-03-2012 , 10:17 PM

#828

d2themfi

veteran

Join Date: Jan 2007 Posts: 3,262

Quote:

Originally Posted by NLSoldier

makes sense. At the same time, the way they cut the clips, it made it seem like he just pulled 15mm out of his ass after the sharks gave him the big evaluations (relative to his initial) and were in an apparent bidding war. To me atleast

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11-03-2012 , 11:00 PM

#829

nutsfl0pper

old hand

Join Date: May 2012 Posts: 1,298

Last few posts are spot on. That's what the sharks mean by not liking his "tactics" (low equity no matter the valuation). They want big equity in fad type businesses that benefit huge from the exposure. You think if all this wasn't on tv they would invest in that stupid cat drawing company, for example?

Also, it tilts me a little to know diaper lady and prob every woman watching will continue to just cry to get her way forever, but whatever works...

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11-03-2012 , 11:46 PM

#830

ESKiMO-SiCKNE5S

What SN is this?

Join Date: Aug 2005 Posts: 29,325

btw i hate hate hate what lori did in principle, and really dislike lori too and the way she behaves, but after much thought i think her offer was good on the crying woman from a purely economic in a vacuum standpoint

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11-04-2012 , 12:12 AM

#831

IcyHotMonkey

veteran

Join Date: Mar 2005 Posts: 2,771

Quote:

Originally Posted by NLSoldier

not disclosing the real valuation is a bad strategy and he's already given up 5% for the exposure, deal or no deal...
'I'm not gonna disclose what my magic number is...' not smart... why wouldn't you tell a potential investor what you believe the company is worth? it's too sneaky... especially when you're seeking guidance from those same investors.
And after all the sharks except for Lori were out he still asked for a bidding war... I'd bet he'll get independent offers to hand over the reigns.

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11-04-2012 , 02:37 AM

#832

chiefsfan17

veteran

Join Date: May 2007 Posts: 2,045

Picked up 20,000 shares of AEZS last week. Had a good first two days too. #yolo

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11-04-2012 , 07:03 PM

#833

TheRealIABoomer

old hand

Join Date: Aug 2008 Posts: 1,664

The built-in T-mobile plugs in the middle of these shows are pretty tilting. If you want to bring in the hot chick from the commercials, then okay, I'll tolerate it. But otherwise, they're just terribly awkwardly scripted and push me from ever wanting to use a T-mobile.

See also, Dish Network's "Hopper". I'd rather watch between station snow than get Dish because that commercial tilts me so badly.

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11-04-2012 , 08:07 PM

#834

TheAsianPlayboy

old hand

Join Date: Oct 2012 Posts: 1,315

I know quite a few people with high IQs. A lot of them seem to have ego problems and tend to be too overconfident (I guess a lot of dumb people are too confident as well). A lot of them are stubborn too.

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11-04-2012 , 09:27 PM

#835

fanmail

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I'm still absolutely baffled by the plate topper guy despite nlsoldier's great explanation. He could have come in asking for $750k for 5% and left with a million + and not given up much more than 10-15%.

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11-04-2012 , 10:23 PM

#836

TheAsianPlayboy

old hand

Join Date: Oct 2012 Posts: 1,315

Lesson

Anytime you have multiple bids, close the deal quick before the offers get withdrawn. Don't lose negotiating leverage.

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11-04-2012 , 11:19 PM

#837

PFUNK

banned

Join Date: Jul 2008 Posts: 1,283

Quote:

Originally Posted by TheAsianPlayboy

Lesson

Anytime you have multiple bids, close the deal quick before the offers get withdrawn. Don't lose negotiating leverage.

Has nothing to do with closing deal quick before losing leverage.

When you have multiple bids in a deal, and especially in a ego driven TV show with the sharks negotiating in front of each other, you have all the leverage in the world. Until they ask you to leave the room and collude against you.

How about "don't be a moron with no personality or communication skills".

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11-04-2012 , 11:24 PM

#838

PFUNK

banned

Join Date: Jul 2008 Posts: 1,283

Quote:

Originally Posted by IcyHotMonkey

Seemed like he did not really know the true value of the company, which was his part of his point for offering 5% for cheap to just gain a partner/access to more funding. Of course, the number he thought it could be was well above what a potential investor would value it given the products stage.

This is why he was practically begging Mark to ask what he would value it at and was "happy to negotiate" on it, to which Mark replied "we just did, im out".

Last edited by PFUNK; 11-04-2012 at 11:33 PM.

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11-04-2012 , 11:31 PM

#839

NLSoldier

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btw wtf is the point of the whole "i'm out" think if sharks 1) aren't required to STFU when they are out and 2) can still make offers after being out???

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11-04-2012 , 11:59 PM

#840

nutsfl0pper

old hand

Join Date: May 2012 Posts: 1,298

I think the producers maybe told them to stop doing that since sharks started saying "talk to them, I'm out" etc. Did a shark come back in after being out this ep?

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11-05-2012 , 12:04 AM

#841

LT22

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Quote:

Originally Posted by nutsfl0pper

I think the producers maybe told them to stop doing that since sharks started saying "talk to them, I'm out" etc. Did a shark come back in after being out this ep?

Lori on the crying pitch

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11-05-2012 , 12:47 AM

#842

stinkypete

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Quote:

Originally Posted by NLSoldier

btw wtf is the point of the whole "i'm out" think if sharks 1) aren't required to STFU when they are out and 2) can still make offers after being out???

i think it's so they know to gtfo and not start crying and begging after all sharks are declared out.

oh wait...

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11-05-2012 , 12:56 AM

#843

nutsfl0pper

old hand

Join Date: May 2012 Posts: 1,298

Quote:

Originally Posted by LT22

Lori on the crying pitch

Oh yea duh. Think I blocked that out of my memory it was so cringy

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11-05-2012 , 03:46 AM

#844

TheAsianPlayboy

old hand

Join Date: Oct 2012 Posts: 1,315

Quote:

Originally Posted by PFUNK

it's crippling if offers get withdrawn and you only end up with 1 offer. It's a slippery slope.

I'd lean towards caution and try to seal the deal quickly.

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11-05-2012 , 11:09 PM

#845

IcyHotMonkey

veteran

Join Date: Mar 2005 Posts: 2,771

Having the sharks go out and then back in destroys the negotiation process and needs to be stopped.

For some reason I'm ok with Kevin talking after being out though... he usually provides insight on behalf of the person seeking an investment, or at least a summary.

As for the PlateTopper guy, he should have explained the $90k for 5% thing at the start so the sharks aren't listening to the pitch with that valuation in mind. Still a fantastic idea that's gonna make money. A shark should have tried to buy him out.

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11-05-2012 , 11:48 PM

#846

-Insert Witty SN-

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he starts out (i know i know the 'connections' strategy but bare with me) with his valuation at 1.8 mil, mr wonderful makes an absurd lowball royalty offer, lori ups his valuation to 3mil, seconds later daymond values him at 4mil, the owner basically insults the sharks with an offer that values his own company at 15 mil ...and it all ends with PlateTopper being valued at 1.125 mil

LOL

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11-06-2012 , 02:57 PM

#847

rothko

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Quote:

Originally Posted by rothko

Lori is not the savviest of anyone on the show.

fmp

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11-07-2012 , 12:19 AM

#848

Oski

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Quote:

Originally Posted by Jzo19

its 5 percent equity or 2 percent royalty ...

I've never seen the show, but I am the lawyer for Cousin's Maine Lobster. I finalized the deal with Barbara's attorneys. Aside from that transaction, there was no deal between Cousin's and the show, network or any other party. On the other hand, I was not hired until after they taped in August, so I could be wrong (even though I saw nothing indicating such a deal for being on the show).

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11-07-2012 , 12:20 AM

#849

LT22

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Quote:

Originally Posted by Oski

Wat....obv the show doesn't do charity work

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11-07-2012 , 01:52 AM

#850

ker17

journeyman

Join Date: Aug 2010 Posts: 297

The company I work for invested in a company that will be on the tank later this season who basically said the Shark Tank has the back end right to 5% if your business absolutely blows up, but that they don't really take anything. It sounded and still sounds pretty fishy to me, but Oski is reinforcing that.

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