How Fast Can Swimply Owner Talk In Order To Get A Deal? | Shark Tank US | Shark Tank Global 

Seems that the guy has paid 100 for a hour

no it's not

@@tmoney0212 I’m sorry you don’t know what happiness is but I hope you find it some day

@@ManateeMaiden I'm sorry you assume someone's whole life being with one comment, hope you find commen sense one day

@@tmoney0212 if you don’t know what the guy in the pool is experiencing, then I feel bad for you. Maybe that’s a better way I could say it. Also, it’s common* sense.

💀💀

lmaooo idk what to make of your comment😂

Thank you Kanye, very nice.

thank you

don't forget 4:47

Sadly Airbnb would just muscle there way in. With a "Pool Only" button. If they bought his company id respect them for that.

You're right, former Airbnb co-founder, Nate, invested in the company shortly after it aired, they are one of the biggest success stories that sharks missed valued at about $30mill YTD Whole time I was watching, I was wondering how they don't see the potential, then again the guy talks wayyy to fast

@@jaybali1742 It is worth more now, but valuation alone doesn't say anything. How much profit is there to be made is the main issue and I'm sure their Airbnb comparison wasn't just random, because Airbnb hosts have now ran into trouble with lawmaking that finally caught up, basically disabusing owners of their cow-milking game by introducing a number of restrictions and limitations in urban, suburgan and peri-urban areas of large cities, where you would expect the highest traffic for this specific business. The reason this happened to Airbnb is because this model basically allowed non-commercial establishments (houses, apartments, etc) to become hotels with all the benefits and none of the hassles; that is: controlled environment, health regulations, safety and all the legislation that comes with running a hotel business.

AirBNB's brand is becoming more damaged by the year I don't think so. This may actually end up being more successful than that IMO because people are honestly gonna be a lot more willing to letting strangers in their pool than their home!

@@jaybali1742 I was able to follow how he talked

not worth 289 million dollars though! 😂😂

Are you in fantasy land aswell. Joke

Today it's 160

It’s now worth 180

Next year 230 and the other 270 and then it will be sold for a billion to google or aibnb or whatever

Ya like how do you not understand how great of an idea this. The amount of people I know who would beg to have a pool would do this.

she needs to be replaced with someone who's more willing to invest

FAXS

@@jessecashadid7880 fr she’s out in every episode I watched. 🤣🤣🤣🤣

It’s not that she doesn’t understand the idea. It’s that she doesn’t understand how to make herself money with it, a very fair issue to have.

So true I used swimply during pandemic!

How did it skyrocket when it's net worth is around 6-10 million? It's far far away from his 289 million projection

@@alex161 In a world where most new businesses fail, I'd say the growth it has experienced is akin to skyrocketing. It is apparently doing VERY well and the fact that his projection wasn't even remotely accurate doesn't change a thing.

I don't think the sharks wanted to work with him because he talked so fast

@@jeffreyjensen1748 Also.

wow

Some hosts even have coolers out and let you take drinks and ice cream cones from it. Good for families, little ones love getting those surprises.

I heard of it a long time ago before this....but yeah it's wonderful. I see lots of people on there renting pools. It's nice...cuz you can even do it for a party - pool party.

They see the potential. The issue is the valuation was too high.

@@taoliu3949 meaning the Sharks determining the potential valuation?

@@cindyarnold7860 Yes, that's how markets work. The buyer/seller has to come to agreement over what they feel the company/product is worth and make a transaction based upon that agreement. If either side feels like the valuation is unfair, a transaction will not happen.

@@taoliu3949 lmao it is worth 6 - 10 million dollars now

Same!!

I heard of it a long time ago before this....but yeah it's wonderful. I see lots of people on there renting pools. It's nice...cuz you can even do it for a party - pool party.

Cap 🧢

uh.. yah! its like the TOP successful company the sharks rejected ever!

@@norwegiansmores811 top rejected? No that would be the Amazon home camera thing. The sharks were big dummies on that one

this will never succeed, cuz the founder is delusional to think he will go from 600k to 200+ mil in 3 years....

@@DavidJones-pv8zz lol this is so stupid what you said, you do realise these are old episodes right? this company is now worth 160 million dollars

@@Account-br9kc good for him for beating the odds...i wouldnt have invested in it...too risky/low chance for success....there are 2 styles of investing. VC (venture capital) invests in high risk high reward, Private equity invests in stable low risk investments

correction, there are 10's of millions of people like you if not hundreds. People forget off all the apartment dwellers or all the people with no pool in there backyards. And even if you have a friend with a pool sometimes you dont want to bother them, so it might be easier to spend $300 and have a pool party with no hassle .

I thought so too. I’ve actually been in an exact situation where I needed this. Went to the beach for a day (I live ab 45 minutes away) water was infested with jellyfish that day so I was stuck on the sand with my ex and we didn’t have money to rent a condo or something that would include a pool and we were stuck on google searching for public pools. If you can guess there was no luck whatsoever so we stayed dry that day. Sharks just can’t imagine facing that situation.

You have more than one girlfriend Wow thats crazy

We go to the pool in apartment complex, we don'tlive in. All free, we can go everyday if we like to.

They think everyone owns pools like them

@@sameerolail We did that once security came and called the cops. Didn't end well.

This episode was from 3 years ago lol. Not from today, so yes some stuff is out dated

He raised 40million doller in funding from airbnb. Some of the people using this app make like 20k usd

He nuts!

@@saibadam In 2021, Swimply closed a $10 million Series A round in 2021 lead by Norwest Venture Partners.

@@shaikwajahathullahahmed1095 yep it was a mistake by the sharks

Speak for yourself. Where I lived only shut down for a couple months!

He's a smart guy with a lot going on, but seems... Distracted? That might have been their problem I actually interviewed with him last year for a software role, they reached out almost immediately, "let's get you on the team" then stopped responding for 7 months..... Not holding anything against him, startups are brutal, but probably stuff like that is what the sharks were worried about. He is(was) new to tech, for example, if he hired the wrong guy to build the stack, he might not literally be able to scale without dumping a few million re-writting it.... And he's already mentioned in this pitch re-doing the website three times. He probably did this about 6-8 months too early.

Exactly! There was a time getting in a strangers car and having them take you somewhere was really weird! Or having a stranger bring you your food was bizarre! This is the next great idea, and I’m glad to see it’s taking off

They will always be more wealthy than Ben Shapiro. They don't have to work with every great idea when they dont like the person behind it.

@@olorin1710 I don't understand what Ben Shapiro has to do with this?

@@bradowen761 this guy sounds just like him

Makes sense. 2 unprofitable businesses investing in another unprofitable business.

The definition of reinventing the wheel

The more $ raised, the less you own. Eventually you end up with nothing

Great I have a campsite to rent and would come on board if he offers those

@@MikeBarbarossa check out Hipcamp, it's basically Airbnb for campsites!

how many comments are you gonna leave on this video?

Mark is a tech guy first before he is an investor

@@theindivisible robert is much more tech guy than mark

Robert was going out no matter what

swimping*

u got it

👀

Fr lol, he is vibing

I was wondering if he was on to something😂

Wow true didn’t even think of that till I read yours

@@soccerboss7924 because in the industry everyone knows that liability can be placed on the users through a terms of use, and what cannot is covered by good insurance.

There is no liability to worry about… that’s what contracts and insurance are for. You can rent a car and crash, you can rent a house and it catches on fire. Liability isn’t the problem

My bet is they know that Uber, Airbnb,...platforms have already proven that Liability Ins. for sharing economy gigs is an actually thing that exists in real life.

I'm sure they did but it didn't make the TV show. These negotiations often go on for over an hour and the show has to cut it down to 10 minutes, so they have to pick the flashiest moments. But I agree the Sharks surely must have asked about that.

Yeah i really like his idea, works like Airbnb. Just need someone to help scale up

That says they're good in raising money, but are they good in making money from the actual app?

If 40 million dollar is attracted to the concept, it shows the sharks messed up…

@@joeysoloway2115 Theranos 😎

@@joeysoloway2115 not true doh. This type of business model needs to raise hundred million of dollars to make say a 10percent profit. Which is 10million for 100million raise. Where if the business fails, the 100million will be gone, and the investors dun get their money back. The risk is bigger than the reward. So if you are like this kind of investment, it’s really like a jackpot you will lose a lot until you hit a huge one.

His projections were insane that’s why, not to mention he kept interrupting them it wasn’t even the editing this time you can see by their reactions. You don’t want to invest in someone who won’t let you talk and ask questions initially

I checked out the app. Looks cool but $50 an hour for a pool rental is nuts. I'd rather go to an apartment pool for free and save money lmao

@@Mar-5016 Exactly. If you base your evaluation on only the projections, you are setting yourself for failure. Sharks hate it when entrepreneurs based their company evaluation solely on projections.

@@Oreomilkcookie 50$ an hour isn't that crazy when you have 12 people attending its dollars per person.

@@jokle01 True just not for me i hardly know 12 people, I could see organized pool parties becoming a thing now that you say that.

fr i swear every shot they show of him is him just giving the “oh yeah i’m peeing in the pool” face 😂

😂😂😂

I think that dude is like some "famous" extra that's been in like every movie. edit - yep, Jesse heiman

that guy in the pool was the best part of the whole pitch!!!

😂

Holy F*******k. How much did he make based off that?

@@masudkhoa3861 💰💰💰💸💸💵💵

@@masudkhoa3861 it was around 40 million.

Seems legit lmfao

Pool business exploded during pandemic and prices doubled and tripled. He hit it the perfect time

He would have gotten the deal if lets them speak because nobody wants to work with someone who doesn't listen.

@@intekhabahmad8762 He was only ignoring Robert because robert was so rude to him in the beginning. Honestly, it's a reasonable response to meeting someone and the first thing they say to you is, "Who thought this was a good idea?"

@@MultiPerson555 Also, he wanted Mark Cuban, not robert.

Yeh right LMAO

🤣

@@WindRipples- look at the current status of the business buddy

Very cool 😎!!!

I did the same thing after seeing this ! LOL great marketing for him either way

How does liability work though? Some will hurt themselves/die in the pool. I saw a story where people got electrocuted in a pool. In a context like that when it is not your pool how does that work?

@@DanRaidersWarriorsSharksGiants I would assume lawyers thought of that in the terms and conditions and most likely any liability is on the owners of the pool

Our just go buy you a pool from Amazon for those prices tbh

weird people swimming in my yard? no thank you. terrible idea

@@lukemndrgn1 some people don’t got time to set up a pool and some people don’t got the space for a pool

@@risitas-po-polsku terrible idea?? What about Airbnb Wierd people living in my house What about Uber Wierd people getting in my car They all doing good it’s a decent idea

@@risitas-po-polsku Well. Airbnb and Uber made it. NOW IS A GREAT IDEA FOR EVERYONE!✅

they probably just cringed at the prospect of working with this guy - he seems impossible

@@gss7278 stfu he’s not on anything he’s just overly nervous and trying to get his point across fast because he didn’t have much time to secure an investor.

Probably didn’t predict Covid

@@bond5275 no one could. Nonetheless the fact he survived and grew despite covid is impressive

@@seeno1 honestly covid could have really helped them, can't go to a public pool? Rent one! Seems beneficial in some ways if they marketed well.

@@seeno1 I mean pandemics are inevitable with carnism.

@@Icex7 even so you can't predict them....

He was fine till last shark he got nervous and talked over everyone...I got to look this up. Swimply

He could not communicate his potential. Intelligent but not great in presentation.

his company making 40 mil rn

bro don’t need them sharks 💯 he’s got vision and a plan

His valuation was not realsitic

For what it's worth he wasn't that far off. He's made 30 million in the last year and his company is worth 160 million.

Oh my goodness 😳

@@adedaremayowa1347 what happened 😅

@@bestrong3227 the comment tho! 🙂

@@adedaremayowa1347 😀😀😀 glad that you like it

He couldn't develop a website/app/delivery mechanism after multiple failed attempts. He had net a whole $42k while absorbing multi-million dollars of investment without showing much... And he wanted 300K for 5%. Can you really not understand why they didn't jump on this?

@@pyro3rg Not even look at how he would talk with the sharks dude can’t even stop talking to listen to what the sharks say.

@@nofacemechanic2328 To me it sounded like he had too much caffeine.

I honestly feel like u gotta talk fast to answer all the questions they fire simultaneously

@@pyro3rg You look at the idea and invest in that first and foremost, something like developing an app/website is always something you can fix, that's a terrible reason not to invest and not even one that the sharks mentioned. They were against this guy from the beginning and it was a mistake for sure, Swimply's net worth is at 160 Million in 2023. This is a perfect example of getting hung up on numbers without stopping to see the vision.

They are still burning cash like no tomorrow and very much default dead. Furthermore, Airbnb is eating some of their share with experiences. Not bullish on Swimply at all.

I feel that it could be hit or miss with the people renting pools. You would never know what kind of "pool Party" you would be hosting. It could be a drunken frat party,15 screaming kids, or someone just wanting to float and sunbathe. The bathroom situation could be a thing also if there was not a pool house with a bath. I would not want a bunch of wet kids tracking through the house.

People said the same thing about Airbnb and Uber. Look where things are now.

Yeah, in the end, those in need would rather feel uncomfortable than letting the bank seize their properties

@@sreyankanungo7368 People ARE uncomfortable with the idea of AirBnB and Uber - that's why we don't have 8 billion Uber drivers.

The $289 million mention tho 💀 Mark's cackle was the best

The guy presenting is a Frum religious Jew.

Took him a ton of money and 3 tries and can't even get the website working yet. What kind of genius or problem solver is that? The idea is good, but I don't think he is the right guy for it.

@@TheTttooom What that tells me is that he is persistent and has a strong drive to run this business.

Fail until you succeed

@@TheTttooom So you’re saying he’s experienced failures … never heard of any genius or successful person doing that

Valuation is ridiculous they can't even make a deal with him at that valuation... Second he talks faster than Eminem on crack. Talking at an appropriate speed is important. Nobody will like to listen to a rap God for a business pitch because their brains going to kick into overdrive trying to crunch the numbers while guy is reading 700 words per minute. Great idea, wrong person.. If his valuation was at least 1/4 of that or even less they would probably consider Makin some kind of offer. Also he was very rude. Never be rude to the people you trying to ask money and advice from. That just tells them you don't respect what they have to say.

however too im not sure what the operating expenses are, they could probably have shut down the website during that time and not have to bleed any money. cause they are just borrowing other peoples real infrastructure so it takes their risk out

Evaluation is nothing, it was meant to be worth 289 million by now, Raising money anyone can do.

@@jonathanm2690 yeah it's interesting how confident he felt about his 289 million dollar projection not knowing the world was about to shut down .... a 6 million dollar valuation when your profit is only 20k per year is just insane. I honestly don't blame the sharks for staying out of this one.

@@ricardosoca7380 No it's not, they are a tech company, 6 million is an average seed-stage valuation for tech companies, many of which have zero revenue at that point. Revenue does not matter when valuing early stage tech startups. Potential revenue in the future is all that matters.

@@parker5548 No, it's not. You're stupid. I could say that my startup computer business will be worth 2.13 trillion dollars because that's what Microsoft is worth. So, should I value my company at that price? Obviously not because there's no revenue, there's no engagement, there's not even any interest, etc. When someone projects a certain amount of revenue for two, three years in the future, do you know what they base those figures on? PAST SALES.

Doubtful. There's just a sense of connection among Jewish people.

He can be an auctioneer or challenge Ben Shapiro to a speak-off contest.

@@BeSkeptical851 one hundred percent

He is

My girlfriend is a nurse in an er in New Jersey and a couple weeks ago they had an 8 year old passed away due to drowning in one of these rented pools. Not sure if it was this exact service but it was the same rent out your pool concept. So yea...you’re 100% correct. Not sure if any action was taken against the rental service/pool owner

The actual meeting they have is like 30 to 1hr. I’m sure they must of mentioned it but it just didn’t air

They have a 1M insurance per occurrence just like Airbnb now.

Exactly, this is my concern. Isn't the pool owner responsible if someone drowned in their pool? It's a liability.

@@LV2UJC-FM that’s where the company steps in because they will front for the insurance that most ppl can’t afford by working w insurance companies. Turo and Airbnb does the same