honestly you're more likely to see Bill Gates on there in the next few years than you are to see Elon Musk

source?

just a general point. Elon Musk is in the midst of entrepreneurship. Gates might be active again in Microsoft, but he's more likely to be able to spare a full 5 days in LA for taping.

i heard Bill Gates is going to be on Shark Tank soon. Confirm/Deny?

lol. i'd be proud to be the start of any such rumor.

I've been watching The Profit when I've got an hour to kill. There's only 6 episodes but the first 3 are deff interesting and fun to watch. Gotta wonder how much stuff they overdo for TV and how much stuff is really business owners being dumb ****s.

The concept is kinda like The Shark Tank but there's only one investor and he goes to the company for a couple of weeks and tries to make the investments necessary to save it it while he's there.

I've actually enjoyed watching the profit much more then Shark Tank personally, but that is likely more to do with a fresh concept of show. It's nice to see him walk in and analyze the business, offer an investment and go through the actual hands on motions of financial/operation changes.

Glad to see others like it in addition to me. And like I said when I recommended it a few posts ago, the new season starts soon (February 25th to be exact).

What network?

I'll watch. Saw my first ep of the profit just now and liked it a lot

CNBC

The Profit is solid but I like Shark Tank more

mediocre episode, smoothie thing was a fun gimmick, the yoga thing was a really cool presentation (having seen the viral video of that dude years ago, even cooler) but that market space is so ridiculously though, hope they continue to do good though.

Was happy to see the team going against Kevin and cheering for Barbara .

i think the smoothie thing is actually a decent idea. it just needs to be limited to at most a few locations in super touristy areas. you're not looking for regular returning customers with a gimmick like that. obviously it won't ever be huge so it makes sense for the sharks to stay away.

they should just ban kevin's royalty deals. they're getting more and more absurd and it's just annoying at this point.

smoothie thing at resorts would be a fun minute of your day. i liked the idea.

Agree that it was a mediocre episode, and it's probably no coincidence that they aired it opposite the Olympics.

The smoothie guy clearly needs to partner with club med or another resort chain; it would be a natural fit.

This week I watched The Profit and Shark Tank back to back.

The Profit, Ice Cream: Shark Tank, Pancake Mix: which reality show should I believe?!?!



Has his TV personality taken over?

Profit's not bad...

+1 to all of this. i actually said during the episode that im surprised the producers haven't stepped it and told kevin to stfu with his stupid royalty deals.

LOL Diamond Dallas Page had a booth during the WSOP several years ago. He was selling that same yoga product. He demonstrated that standing trick with one foot to me - one on one. He is very passionate about it. It was an amazing physical ability.

Did anyone in here meet Page at the WSOP years ago? This was back when Stoxpoker was sharing a booth with Two Plus Two, and Phil Gordon was still selling his poker tournament DVD in his own booth.

Thought this was an interesting episode

Cheek'd
I actually think this is a good idea, but implemented very poorly because the founder isn't the right fit.

If you live in a big city like she does in NYC, there is a use case for this. A girl sitting half a car away on a crowded subway. You can't really talk to her, but when you get off you get a chance to walk by her, and maybe drop her the card with a quick smile/word.

Also, it's potentially a product that a woman could use. It's low risk, not too aggressive, no name/picture on the card for someone to use to make fun of her.

But the pickup lines? Ugh. The name Cheek'd? Ugh. and whatever "broken website" means, ugh. The founder was just strange.

Ugh at Lori trying to chime in "that's what I said" when Barbara gave a good argument for quitting.

Zipup Bed
When Lori says you shouldn't go on TV, how would you ever argue with her? That's such a red flag right there, no one in their right mind would invest in those founders to execute.

Even so, I would have thrown out an offer for 100% or 80% in the business. The product has potential.

bamboo paper towels

I missed something here. It has 900k in cash flow, and yet they were willing to sell a piece to Lori for a $2M valuation? Product may or may not be unique enough to have a long run, but at a 2.2x multiple, seems like a nobrainer.

Seemed like Cuban purposely stayed in just to get the entrepeneurs a better deal from Lori.

Needle number

I don't understand why Mark didn't throw out an offer for 80% or 100% at a 5M val. The product seems like a winner, but you can't work with the founder because she isn't a businessperson and isn't focused on her business. So just buy it -- she might just accept.

This was from Mark Cuban's Twitter:

http://www.dmagazine.com/publication...mark-cuban?p=1

Interesting read IMO. Does anyone know if the episode he is talking about has been aired yet? Can't seem to remember seeing it..

demandi,

That episode airs next week! This is the company, I think, http://revolights.com

Wow can't wait to see that!

But am I wrong in thinking that if someone were to go on the tank just for the exposure (so literally not wanting any deal) then it should have a ridiculous high valuation, not the other way around?

This way you can just say no to offers because they're too low.

If I understand correctly though, apparently he just wanted to pretend that he got some sharks on board and then let the deal die in due diligence?

That seems pretty moronic, still we'll probably know more after the episode actually airs.

Reading between the lines, Cuban has had problems with entrepeneurs not wanting to close the deal that they agreed to. He understands the game: many entrepreneurs just want to get on TV for the free media. If you reach a deal with the Sharks, then you are just about assured to get on TV.

If you pitch with a really high valuation, there's a good chance that you never get on TV.