Andrew Arranges a LIFE CHANGING Opportunity for Lucky Entrepreneur | Shark Tank AUS 

@Chet Carson I was shaking my head the whole time here. Why would they be willing to go in 200K for so low when her business had only been losing money? Her business is something anybody can replicate as well and is just yet another version of the billion lootboxes out there. It's amazing how these sharks are where they're at making terrible deals like this. They should've asked for 50% on this. In Dragons den you won't see these poor numbers get these kind of investments. If anything you'd only be looking at 50% at least.

Thank you Chet for the research. We do like that (heart)

Wow, some really good acronyms bandied about there though. Intelligent

@@KoopaXross they were investing in her. She knows the right answers. She knows the issues and the model can be tweaked and the marketing improved. The issue is she was under paying employees.

Lee Lorenz and not supplying product whilst taking money.

benjamin vermeylen lmaooo too accurate

Did I hear a small voice reply: "and I'm a turd, there's a suppository up your arse and for that reason, I'm out"?

😆😄😂

Best of luck getting back on your rent

Was it hard? Or like an apple splatter? Did it smell? What was the colour? Need answers. Stop holding out on me 🥵

i have to say you were right.. and Kath's body language and how she said I really want you ... and kept eye contact with Janine... Sometime's it's good to say what you want just by asking

Agreed, cuz she was basically saying, if you can’t come down to 16%, I’m going with Andrew. Brilliant

Wow you're a genius mate. You can predict the future. ZOMG!!!!!

HAHAHAHA, THATS SO TRUE, DUDE

True. I guess she does get 2 mentors with the extra 5% cut and that can be more valuable than the cut

That lady always tries to rip off the amateur entrepreneur. I hope this show goes belly up. Send all the entrepreneurs to the US. We will put them on the right track and make them real money.

She added herself

Well, she was adding herself as a local mentor. Though yes I think her initial offer was steep, but in the end the girl got it for just 1% more.

Fruit juice Karen strikes again 🤣

Dr Zaius lol

is this real

@Sdtok it's been sorted out now.

Wow😂😂

what a complete shitshow. guess the sharks didn't mentor her on business ethics.

See iam not being sexist but girls mostly Change alot cosmetice ,if this would come in India it's an hit . But the thing is they would have to be able to change thier catalogue frequently imo .I could be wrong no offense to anyone

Yes and no. The subscription box company needs to get enough traction to get great ultra-low-cost-or-free items from desirable brands. Once they're over that hurdle, and if they do the curation wisely with enough variety to suit their customer base customization, they end up being a great value. Personally I save money on skincare by using Ipsy (with my profile tuned to get as much skincare as possible rather than all makeup), and I end up having enough quality products to use that I barely ever have to buy a few drugstore staples, plus I end up with enough makeup to enjoy novelty and funsies from that and I use makeup slowly enough that I never buy it otherwise. With many subscription boxes that feature things more like clothes and other lifestyle items, by all means, I think the risk is higher and it's less likely to be a good value. But people enjoy novelty and discovering new things, so there's an entertainment value, and also things you don't want can be perfect to keep around as a stash of cool gifts for others. I think the model is here to stay. I'll probably never get beyond Ipsy and probably one day getting Barkbox again, but I'm pretty picky with my spending and most people have way more funsies money than I do. Lots of subscription box companies will fail for sure, there won't be more than a handful of major players in each space within them, but brands that grab a piece of each of those and maintain enough market share to get good deals from product brands so that boxes contain great stuff, those brands will do well.

The point is they were investing her not just the business model , they can see that she will come up with other ideas / business's

It really depends on the type of product. I love hot sauce; I put it on just about everything I eat, so I tend to go through an average sized bottle at a decent pace. I've had a subscription to fuego box for the past 2.5 years and I love it with no intention of cancelling any time soon. Different flavors, spices, heat, ect every almost every time. It is certainly a niche market, but depending on the product, customer retention rates can be pretty high. Gaming and gaming accessories boxes are also pretty successful(though I've never personally had one).

I think it would be easier if the customers could create their own box's trough their website, so they wouldn't receive random products then it could work much better. Also subscription based product usually work much better if there are some added benefits to the base product, so maybe some cupone codes or discounts for wellness, spa, massage treatments etc... Then it wouldn't be just a product but also a valuable service.

Ouch so it was dead from the get go.. lesson learned don't fall for the smooth talking! lol it made nothing, Peter on DD would've skewered it.

@@N4CR5 that's true. He would seen right through her. Aussie Sharks bit naive.

This is completely natural. Humans invest into what they understand and business men live simple easily implementable ideas with good numbers. Come from a complicated guy with lots of complicated products and ideas attracting no kind of investment

Sharks knew what they were getting into, but were not able to ramp this one up fast enough with the right support to make it profitable.

Zo Kay She didn’t say she was breaking the law though. I would have thought they would have found that in the due diligence checks before the deal went through though.

Yeah nah she got fined $500000 middle of this year for witheald wages and false advertising. Oh and the witheald wages all occured before shark tank.

@@TheJoshws the fine was $329,133. $274,278 to the buisiness, and $54,855 to the owner.

Acronyms rule ... Oh no, wait ... refs anyone?

Thank you for the info Josh and Identity. I guess the take-home is: pay your workers or they'll empty your box?

because she is an attractive woman? the product is not unique

And she wears red always or does not change at all.

😂

David Munir I used to. I quitted cuz I got hacked 680 DLs 😂😂

Fruit Chopper R.I.P

Interesting. Did wonder. I wouldn't have invested, that type of business be gone soon.

@@OakApplegardens It know its hard to know, but as one of the sharks pointed out she's not making a profit. Her cost too acquire a customer was high, plus she had to cover the cost of the products she sent out plus she had overhead costs...its rough.

It was totally creepy when she said that!

I love your Zero Two Profile pic

@@coastaku1954 thank you!!

@@herlyjoycamilletan4519 I haven’t seen that show in a while but Zero Two is one of my 2 Best Girls~

@@coastaku1954 oh who is the other one?? Also me too!! Been wanting to rewatch it for a while but I got so caught up on attack on titan

@@herlyjoycamilletan4519 Rias Gremory is my other Best Girl, I have a friend who I RP with and he made her my Wife, I love both of them to pieces. I haven't rewatched it cause I don't have CrunchyRoll anymore sadly... Also, hate to say this but I was not a fan of Attack on Titan, that kind of action and setting just wasn't for me. I much prefer Futuristic stuff or car based stuff like Initial D

game palace palace yeah the only difference is she’s not a bitch and Jenny is

You should see Barbra on the American shark tank

Red always mean no entry or stop.

Her name's Naomi by the way

@@mikeeddward7078 I think Barbara has invested more than Jenny. Jenny was out so many times, that she was outed herself... from the show.

They better have not done the deal ,her company got out of business

She was underpaying her staff, customers paying for monthly boxes but she wasn't sending out monthly and fined in excess of $300k

Congrats you emploees get a raise from fulltime workers to unpaid.slaves. Isnt that wonderful lol

Theres a fishing one too where its $50 a month and get a box of lures

Buisiness failed 300.000$ fine. 4% down but even worse investment

With that smile she scammed all the investors.

Except on this one that was ripping of customers by not supplying for months at a time

You're easily satisfied.

She’s a scammer though. Hurt a small candle company

Sounds like a nasty piece of work

Meth Productions she scammed many people so she’s not completely there loll

@@aneveychavez6715 lol, thanks for pointing that out to me, I was unaware!

Meth Productions she did have a very good pitch but she lied about a lot of the stuff unfortunately. The company would have been amazing in the right hands

@@aneveychavez6715 Yeah, I agree on that!

Lets Talk About It Haha. I thought so too. It seems like a glorified dropshipping play. It's not as exciting of a business model tbh

Growddy big deal. Like yours hasn’t mate.

kvt nation stfu stop taking the joke to the ass and stop getting butt hurt he was joking is not like because the voice crack her carrier is going to end

😅😅

Sounds like Julia Gillard.

Just read that this business was an utter failure and the woman has been fined $330,000 by sydney courts.

this is from 2016, since then her buissness has crashed due to her not paying employees

ABC Nostradamus she got fined 300K

@Chet Carson probably earning more!! Lol.

Elon is a modern day cult leader. His vision of populating other planets is nutty. I look forward to watching his dreams die.

@@JosedeJezeus is it because he sold his own bitco

He was a lot richer than those sharks back then

@@carltonmascarenhas i am annoyed by Elon because he is too afraid to research and talk about the UFO phenomenon... But he thinks he's going to lead humanity off the planet? to me, he is a coward, and I haze ZERO respect for cowardly people. The UFO\Alien abduction phenomenon is a REAL *scientific mystery,* .. I do not like people who claim to be leaders, but lack the courage to speak on life's greatest mystery. Elon has the support of old people who dream of being astronauts all their life. These people worship him because they believe Elon will make their dream come true. Elon believes the destiny of human kind is to colonize planets... I don't believe that. I believe the destiny of human kind is to live in space on ships as explorers, and that's my explanation for the UFO phenomenon: we are being watched by advanced human beings who live in space on ships as explorers.

@@JosedeJezeus wat?

Dougie Nah

Yea i was getting fedup

And.... The company is no more

Shame she got fined A$330,000 for under paying her workers and business went bust. Something about her wasn't right.

Really, That's so disappointing. People are at the heart of any business. You don't take care of your people, your business is foredoomed to failure.

Prove

@@MrMentalpuppy NSW Gov www.finance.nsw.gov.au/about-us/media-releases/public-warning-do-not-deal-her-fashion-box

@@MrMentalpuppy Journalist report - www.news.com.au/finance/small-business/shark-tank-fashion-startup-her-fashion-box-hit-with-330000-fine-for-unpaid-internship/news-story/e44763c7a21187c2d487e497b5b4ab21

Wow, yikes. And he wanted her training his daughter

@@MrMentalpuppy I thin it was his daughter training her as she was a celebrity stylist

*scammers

Ya unfortunately she didn't. Someone said the deal fell through, but I didn't see any article about that, but there is an article about the business failing and being fined about 300,000 for unpaid salaries. So either way the business is no more.

@Ryan Morgan I mean the courts didn't see it that way. Even the quotes from the judge don't suggest that at all. It more so suggested that he understood she basically had no money and the punishment was somewhat harsh, but necessary.

@Ryan Morgan where did you see that? The article going around said absolutely nothing about charging customers multiple times and such, it literally only talked about the fine for not paying 3 of her workers. If you have a different article that has more then I would love to see it

@Ryan Morgan I see what you are talking about, but I am not sure how long that was actually going on for, it seems that basically every report I read is from the end of 2016 or beginning of 2017, which is around when the company actually shut down. Unfortunately business on their last leg will do a lot of bad business practices to just try and scrape what little time they have left. It is a very bad practice, no doubt about that, but I do question the idea of it being an outright scam. No doubt you are right when talking about when the company was going under. But I am not really seeing anything negative from before that. I also don't actually see anything like her taking the money for herself personally. At least no official body has made any such finding. It is just as likely that basically everything was screwed up by the end due to her business simply going under. That is the biggest problem with those subscription businesses, they lose money constantly and basically hope to break even in like 10 years after starting up, but most can't possibly survive that long, and don't grow nearly enough or keep nearly enough subscribers. It is at the very least equally possibly that she put all of the money she had into the business and it simply wasn't enough. But the possibility that she took the money for herself is also still there of course. We just have no definitive way of knowing since it seems no official body has found any evidence one way or the other.

@Ryan Morgan yes you are right that those people definitely exist, but they don't make up 100% of the cases out there. I am just saying that we don't really know all the facts, so we don't really have any way of knowing for sure, so it is at list a little bit of a jump to start calling people scam artists and such. I just believe in being fair, if a news group has actually done some digging and found some proof I would gladly make a more definitive answer. But unfortunately we don't have anything like that. Like I said you may be correct in calling it a scam, but we have no way on knowing. And I am also just pointing out that all of these things basically happened at the very end of the businesses life, so they don't appear to be something that was happening on a regular basis before hand. That at least, possibly, says a little bit about the company and maybe the situation.

😂