Larq Has The Highest Valuation Ever On Shark Tank! | Shark Tank US | Shark Tank Global

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Justin Wang is seeking $500,000 for 1% of his company Larq, which sells self-cleaning water bottles that use UV light to purify water.
From Season 12 Episode 21
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About Shark Tank: The Sharks - tough, self-made, multi-millionaire and billionaire tycoons - continue their search to invest in the best businesses and products that America has to offer. The Sharks will once again give people from all walks of life the chance to chase the American dream and potentially secure business deals that could make them millionaires.
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Larq Has The Highest Valuation Ever On Shark Tank! | Shark Tank US | Shark Tank Global
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Опубликовано:

17 авг 2022

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Комментарии : 2,9 тыс.

@priyanshuranjan3088 Год назад

I really appreciate his confidence after missing the bin two times in a row.

@castbuildinginc4501 Год назад

He needed a bigger bin

@budgettech5526 Год назад

Because he wasn't focused on that goal, his goal was to get a Shark and instead he got two.

@mememagicisreal884 Год назад

How much are their company worth now?

@2egenjerry Год назад

Missed two throws but got two sharks lol

@littlejack59 Год назад

confidence? 4:33 ya he is showing off his confidence

@tonyxiong4913 Год назад

Justin knew exactly what he was doing. Gave the sharks the lowest value to work with and gave up 4% only. Well played.

@ebitdareadthebook1535 Год назад

That plus he got the free promotion of having his product on shark tank. Talk about a win

@nabeelkhan51100 Год назад

Lowballing 101

@biggdogg33 Год назад

It’s just an verbal agreement. It not 100% final yet. Half of Lori deal don’t get finalize.

@squeallymaniac Год назад

@@biggdogg33 really? Wow

@Gabor123 Год назад

A million doesn’t get him anywhere to take it global.

@MindsetAlchemy Год назад

He missed the basket twice, got laughed at, could barely pour water his hands shaking so much, and he kept it together to negotiate a close on a super aggressive offer! Big brain move! He definitely fudged the valuation to get it where it landed, all planned out before walking into the tank! Bravo!

@charlyrob7334 9 месяцев назад

At 3:25 we have the switch. Mark cuban is laughing at him how with only 2 years he is valued at that price. Then, just 10 seconds later, Mark's face completely melts down after hearing the sales.

@michaeldoran4367 5 месяцев назад

@@charlyrob7334MEATY KOK WHIPPED OUT AT YOGA CLASS. WOMAN WHIPS OUT A HUGE KOK AFTER SHOWING HER BULGE TO THE YOGA TEACHER😅😮😊

@deadboltzz5199 3 месяца назад

These deals aren't set and done once they say you have a deal 😅 it's pretty well documented

@cbrreezzyy69 3 месяца назад

This company is big enough and has enough investors that he went in there knowing the exact amount he could give away and at what price and wouldn’t budge. He wasn’t going for anything less that $32m valuation.

@SPQR_14 2 месяца назад

He didn't "fudge the valuation" if he already had a round of fundraising... the valuation was already set by previous investors.

@franciscoramirez789 Год назад

I really enjoyed Damon's reaction to finding out how much he paid for the bottle 🤣🤣 dude was caught off guard

@chexnfx7161 Год назад

So detached that he doesn’t buy anything himself and his a house manager do it haha

@earthstronglifestyleesl4452 Год назад

How he not know how much he pay for it

@cheshirehat93 Год назад

@@earthstronglifestyleesl4452 When I am in a position where I have a lot of money lying around, and then I see something I like, I usually buy it along with the other stuff I need and then look at the balance for a rough estimate of how much money I`m spending at the end of the month. He probably did check how much it cost him for a split second while throwing it in the cart for a simple yes or no answer and then his brain promptly deleted that information.

@user-xh3qg8yl7x Год назад

he realized he was scammed

@dh4444 Год назад

@@user-xh3qg8yl7x nah larq is great.

@mandlas.4305 Год назад

This guy is very smart. They laugh at him with that over the top evaluation but he almost got exactly what he wanted.

@maahir9 Год назад

I mean he literally got 1/2 of the evaluation he came in with, that isnt almost exactly what he wanted.

@MustangGT2024 Год назад

@@maahir9 I feel like he intentionally came in with a crazy evaluation to make anything more attractive seem valuable for the sharks.

@alstraka Год назад

He got 50% of his original valuation

@Call-me-100 Год назад

and better almost

@hdudhehdhd2222 Год назад

@@maahir9 no no, he purposely gave an over the too evaluation. That way, when they “negotiate” to a higher equity, he actually gets what the company is really worth and loses nothing. Essentially, u give the highest pricepoint and anything lower seems like a good deal for the sharks

@Kaloyan.Dimitrov Год назад

I like how he looked them and continue his presentation after all the sharks laughed at his valuation.

@digibitonline9223 Год назад

Barbara: And for that reason, im out

@stephennguyen6124 Год назад

U like it? I would laugh too if was asked for 500 k for what? 1 percent?

@jasond82 Год назад

He’s a shady chesh

@bakashinji Год назад

@@digibitonline9223 fax, barbara is the worst shark

@greatleecher2404 Год назад

@@stephennguyen6124 If their product really does what he says it does then it could be a game changer in the market

@emilaubry6856 Год назад

This guy is a sharp cat. His presentation and answers were precise and incredibly winsome. He went fishing in the Sharks and got what he wanted. Great job

@mauriciosolano9342 Год назад

He stopped few time He isn't flawless, but He did amazing I'll give it to him

@yash4650 Год назад

@@mauriciosolano9342 true. Enterpreneurs give up negotiation after a counter or two but he was still very firm

@kokong29446 Год назад

His aim for that bin was nowhere near precise though😂

@itsjustpersonalizedviews 2 месяца назад

Chinese guy

@twentysixlinx327 25 дней назад

His answers were physically appealing and handsome??? 😂

@r0llyTube Год назад

First time I ever saw someone finesse the sharks like that. He walked in the room offering 1% and they all laughed at him. He walked out with $1mil of their money and still owns 96% of his company, well done.

@muneebjatt2004 Год назад

You can say 65% because he said he got 6.7M for 31% of company in his recent investment rounds

@MultiJejje Год назад

Owns 96& of this company? Can't believe people don't listen what the guy said. Doesn't own that because he raised money like Muneeb said. And that comment has 40 likes now.

@Anna_b360 Год назад

@@MultiJejje it’s not that people don’t listen, but just because someone watches Shark Tank doesn’t mean that they understand the ins and outs of shares and businesses

@iDrraaaK Год назад

No and no. That guy is extremely smart tho, yes. He didnt finesse them. His offer was legitimate, his valuation is not insane at all if it's been proven to work because they have the technologies patented. This is quite likely worth billions down the line just with licencing and patent usage. And Mark knew it instantly but did not want to discuss such a deal on a tv show. He did THEM a favor by giving up this much equity, and expected also a lot in return thus why he proposed advisory shares. He values their expertise, network and time much more than their money, rightfully so. And no he doesnt own 96% of the company, this is not a small business. He has co founders, he has VCs inboard. I'd be extremely impressed if he even still owned more than 55% after this deal.

@resa574 Год назад

@@iDrraaaK smart but has an actually decent product so he has some leverage Personally don’t see too much value in the product but I could be mistaken! The alternative is washing your bottle and pouring in clean water everyday

@Lalalalalelo Год назад

This guy is smart and knows investing, numbers, and negotiates like a pro. His company is gonna have a bright future

@josec439 Год назад

Or a watery grave

@GamingwithCasss Год назад

@@josec439 currently valued at over 50 million dollars with anually revenue of 30 million. I think he ia doing pretty good. Plus in this episode he said he legit had 6.5 mil in the bank and didnt have to spend a lot of it.

@SweetChicagoGator Год назад

A bright future you think, at $95 a bottle??? 🙄🤪

@afrizal8275 Год назад

@@SweetChicagoGator then his product is not for u. his product is doing well.

@SweetChicagoGator Год назад

@@afrizal8275 Don't believe u would pay $95 per bottle? Barbara Corcoran is spot on with this guy's BS story, 100% !! Very smart shark ! Few consumers would bother maintaining, cleaning a single bottle everywhere they go?! Nonsense !!

@jamonleecarter8698 Год назад

4:35 look at him shaking when pouring that. He was so nervous but yet he stayed calm and achieved what he wanted. Smart man!

@zf5656 Год назад

didn't seem to care that he was missing his shots with the water bottle lol

@vyndecimibd Год назад

Yep, you could hear his voice trembling

@Crazymadmatty Год назад

Wouldn’t you be nervous in a room with them hahah

@jamyncarter1847 Год назад

Do we have the same name?

@lealp Год назад

he seemed very nervous and at the same time he didn't seem nervous lol

@abdulazizalasmari1455 Год назад

His response to Daymond John going out was the most professional comeback I've seen. I love that guy

@johannesniskanen7370 Год назад

He made every percentage point look so valuable, didnt lower the valuation, and kept the trust with it, best strategy is to maintain the trust, no discounts just little room for back and fort. I really think he set the bottom line for 2% for each 500k

@blablabla1000able 2 дня назад

He cut the valuation in half

@Kate-ui4tf Год назад

Barbara: I love your product. I think you're fantastic, your business is phenomenal, and your valuation is perfect. I've been waiting for years for someone like you to come into the tank; in fact, I dare say you are the single greatest entrepreneur we've ever seen, with the greatest business we've ever seen. This product will change hundreds of millions of lives for the better, and generate hundreds of billions in revenue. I think you're beautiful, and I love you. For those reasons, I'm out.

@quentinhayes9629 Год назад

LOL!!!!!! I knew how this was gonna end and it still has me crying laughing 😂😂😂😂😂😂😂😂😂😂😂😂😂😂 Barbara jokes are top tier comedy!

@ishaanvora Год назад

That's so apt!

@billrobinson7205 Год назад

🤣😂🤯☠

@JAMINDARCH Год назад

Kate your awesome

@B10023 Год назад

Barbara wasn’t even on this episode, and for those reasons, you’re out.

@jenniturtleburger3708 Год назад

If this thing not only cleans the water but also purifies harmful water, that’s amazing.

@JudgeDredd888 Год назад

Yes it does, the UV remove also harmful minerals, impurities and poisons from the water....yes yes...believe it.

@greasyguido Год назад

No, Jenni Turtle Burger, it is YOU that are amazing.

@BootyWonka Год назад

@@greasyguido simp

@kennethmay6343 Год назад

Could change lives forever if that was the case, have you seen those other products like the straws you can just drink from straight from a dirty river? Looks crazy

@mattcarroll4058 Год назад

I’ve had it for a while, maybe around 18-20 months now. Battery life is insane and I’ve never had to clean it once. They have cheaper options which is what I got, idk how the base model works

@codingvio7383 3 месяца назад

Bro is actually a hidden genius. Left with exactly what he wanted. Make the first offer absurd, but then get a good offer from the sharks.

@orlandorodriguez8507 Год назад

This has got to be one of the smartest guys they have had one the show. He really understands deal structure and his product is awesome!

@BrockNelson Год назад

Barbara: When I was a little girl we had to boil our water to cleanse it and I think you’re looking for shortcuts. Let me tell you something my friend, there is the right way to do things and then there’s the easy way to do things. I think this product shows that you are a slacker and for those reasons I’m out.

@persiancat1116 Год назад

Hahaha

@crodyyaaroni_6554 Год назад

So accurate 😂

@Mrbikecrazie Год назад

Barbara is that You 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

@fernandodatil2740 Год назад

😂😂🤣🤣🤣

@fernandodatil2740 Год назад

I read this in her voice

@badrjahwari Год назад

I really like Mark's insight here. He's right. Shark Tank is not about further growing multi-million companies, but providing a platform to help those who are just starting and need some help. On another more elite platform, I'd invest in this, but not on Shark Tank.

@chrisc1926 Год назад

True, he's the only one with enough money to have that type on integrity. The others saw a legitimate safe bet here

@user-cl8zx6os8u Год назад

WAIT AN OMANI DUDE ?!!

@groovyclintt62 Год назад

Damien literally said the exact same thing before Mark…

@YebberCaughtYou Год назад

@@chrisc1926 no that’s not true daymond often dismisses these pitches and even gets upset with them, there’s a reason daymond and Mark hang out the most with each other outside the tank

@gryu325 Год назад

I agree with Mark's idea, but it makes no difference for investors where you invest in this show or the other. SharkTank doesn't get a % off anything successful deals.

@TheMattJacks Год назад

Guy was a great negotiator. He did his homework on the Sharks, and I think he ended up with the right 2.

@rockinggal 5 месяцев назад

I have three of these bottles and very happy using them since 2020. No more plastic bottles wasted. Great for the environment.

@nodoubt815 Месяц назад

do you need to wash the bottles with water and soap ever?

@rebekahtablante327 Месяц назад

Where do you buy them?

@probablyajaegerist7300 Год назад

Barbara: my body is 70% water, so for those reasons I'm out. Jokes aside good episode love Mark Cuban

@ImpulseDETT Год назад

LOL

@Magnus.. Год назад

I am dying 😭😭😭

@PikachuODST Год назад

He never makes deals

@fluxator3116 Год назад

@@PikachuODST He's made the most deals of any shark though.

@tonyz5822 Год назад

Dead 🤣

@rileigh5642 Год назад

Lori really does try to get behind the product and understand it. She was asking so many questions, it’s great to see that she’s genuinely interested and try to understand the product before investing her money, very smart shark.

@nickphillips664 Год назад

She’s the best one up there

@HawkstaBeard Год назад

@@nickphillips664 and I don’t think it’s even close

@Baph839 Год назад

What you said is correct, however, that's not the main intention. The main intention was to see how well educated the guy is about his product, and how clearly he can pass the information through.

@user-sv5kt8qz3v Год назад

@@nickphillips664 simp

@notori-di5et Год назад

She ain't a PhD students so that understandable

@RahulSharma-ot3wo 2 месяца назад

"I've done a lot of hardwork don't interview me 🤓"

@peterfehr7441 24 дня назад

Robert got all up in his feelings and missed out. The other 2 and the entrepreneur did not bat an eye.

@RealFreshDuke 10 дней назад

@@peterfehr7441 Not the first time for Robert to act like a baby...

@lakerspackers11 8 дней назад

I didn’t like that. Felt he had to let everyone know he’s a big shot or something

@murc111 Год назад

I've had this pitcher for roughly 4 months, it is great. I don't like Brita water, so I've been using plastic bottles for years, at least a case a week. I still but plastic bottles for when the pitcher runs out, but I buy waaay fewer of them. The Larq pitcher has the best tasting water, hands down.

@michaelberarducci6489 Год назад

Barbara: I don't ever drink water, I drink soda for those reasons I am out.

@sadamofficial6986 Год назад

🤣🤣🤣🤣🤣

@sinzyi2836 Год назад

Pop* 😏

@varunponnala873 Год назад

😂

@SweeZ123. Год назад

Lol

@SpencerHeckwolf Год назад

🤣😂🤣😂

@sheenparamel Год назад

Barbara: You missed the bin twice, for that reason I’m out !!!

@Magnus.. Год назад

😭😭😭😭😭😭

@snjvbss Год назад

🤣🤣🤣

@clammygalaxy4062 Год назад

I love this😹😹

@justinwang7486 Год назад

I guess that's why I don't play for the mavs

@ParishArmstead1680 Год назад

😆😆😆😆

@anonymoussy12 11 месяцев назад

Great business man. Came prepared and didnt overhype his numbers. Great negotiator, was humble and secured it. Great pitch

@Chano601 Год назад

Thank you Damien! Thats real reason shark tank should work. These guys can find any good business to invest in without shark tank. Help the little man without the resources. 👏👏👏

@maybeequestrian3698 Год назад

New to shark tank but I am living for this Barbara slander and it’s well deserved 🤣

@BitterComments Год назад

She’s not actually bad. It’s just fun to go along with the joke.

@jac5511 Год назад

She’s very funny herself. They’re all funny sibling rivalry type characters. But I agree, the Shark Tank community is hilarious!! I’m about a week in myself 😂

@harry8912 Год назад

Kevin buying brooms for her is my favorite.

@FroggyBunwich Год назад

@@BitterComments I used to see her that way too until the Wanna Date episode. She's pretty bad.

@morgancason6876 Год назад

why?

@idrinkyourmilkshake1882 Год назад

Him continuing with his pitch while they cracked up made it even funnier.

@xhongxinax Год назад

I think it was a badass moment from him. He knew his valuation would be controversial. But only when Lori asked he revealed his Sales and his Valuation was actually good when u keep in mind that the sharks always negotiate down.

@eric20ify Год назад

He had to lol

@zoomermushroom6288 3 месяца назад

Lol at Robert getting out because it was "too complicated". Lori and Kevin didn't blink ONCE at staying in. Good for them!

@roseabida676 Год назад

LOVE to see professionals negotiating on Shark Tank!!! Much respect! My favourite product so far!

@focalwater9591 Год назад

Did you buy??

@juanparra9178 Год назад

He didn’t even get 5 words in and they were already laughing like the devil!!! Lol 😭😂

@loganswalk8621 Год назад

500k for 1% I would be laughing too.

@SweeZ123. Год назад

Lol

@noyapp9852 Год назад

@@loganswalk8621 but they did it for 2% lol

@jesaiasakuma290 Год назад

@@noyapp9852 2% each

@yanglu9555 Год назад

I would totally do the same thing. Investors always want a chunk of the company, but that evaluation was laughable.

@cmpalmer Год назад

I was in the very first group of kickstarter backers. They took forever to deliver, but it's still an absolute staple of my daily life, and the battery seems to have not yet missed a step. Stoked to see them doing so well.

@AlexZ-lc6nl Год назад

Notice how he wasn’t faced and kept going. Nerves of steel. Great confidence and was focused on the end result.

@Taycore9 Год назад

He was transparent, said exactly what he wanted and was willing to get nearly that but kept it cool under pressure. Glad 2 sharks picked him up on the offer. Plus the product is great for the world. I'd be on too on this product.

@Gabor123 Год назад

“Great for the world”? This is not a UNICEF product. Only middle to upper class germaphobes will buy this. Like one of the sharks mentioned already.

@picanha694 Год назад

Not for 1 percent

@Johnz4561 Год назад

HD g pop 0

@AimForTheBushes908 Год назад

I could feel his anxiety and nervousness but he stuck with it and finished strong.

@Scott-got-caught Год назад

That's what she said

@AimForTheBushes908 Год назад

@@Scott-got-caught 😂

@magicmanticore3536 Год назад

That’s the most in depth negotiation over a deal I’ve ever seen on this show.

@TommyGunzzz 6 месяцев назад

I loved hearing the financial intricacies, but Mark is totally correct

@dmargot2828 Год назад

This guy came in blazing. The quiet confidence made me root for him.

@thomasjones3277 Год назад

We backed this project during the kickstarter. Best purchase we made all year. The white pitcher farthest left is a phenomenal product.

@jokerrhe Год назад

what do u get from it? shares in return?

@thomasjones3277 Год назад

@@jokerrhe we get a ….. pitcher that filters water. ??? I think this is implied.

@jokerrhe Год назад

@@thomasjones3277 oh ok never did a kickstarter. I thought it involved some ownership of company not just a sample

@thomasjones3277 Год назад

@@jokerrhe no…not at all. You commit/invest $$ to a product/idea. They send you a product later. Normally an alpha or beta.

@jokerrhe Год назад

@@thomasjones3277 ok thx basically a smart way to get pre orders for an idea.

@user-jr6kn3zv2y 4 месяца назад

Robert's line at the end was classic: "I don't need you to interview me". But in the end that pride lost him

@luvs210 Год назад

when he was pouring the water into the cup i saw his hand was shaking.. but he did amazing! great job!

@NicholasAng2000 Год назад

One of the first products I have purchased not even knowing its was featured on Shark Tank and it has worked flawlessly

@ajj199 Год назад

I love how the judges are crying laughing, and he's just ignoring them, and continuing to talk

@PatriotPartyVivaLibertad Год назад

I purchased one of these water filter pitchers after watching this. And I love it. The water has a taste to it where I am at. The place is a little older. We use this for our water. And the taste is completely gone. Taste better than Bottled water.

@WHU448 Год назад

This guy knows the ins & outs of a sale pitch, and knows his product worth the investment. Despite the sharks laughed at him, he maintained his cool and carry on. Very solid pitch.

@Thugnificent569 Год назад

You can see his hands shaking while he is pouring the water. It's not easy! Brave dude

@space_4736 Год назад

I bought this bottle and it’s incredible. Very expensive but it gets the job done and is very easy to use.

@editionnepal Год назад

He is the shark above sharks. Just loved him. What a product man.

@osahenoghogho1492 Год назад

Larq didn't come for the money, he came for the Value and he got it at a fair price.. Well Played

@ihavenoname6724 Год назад

He came to advertise his product

@tessiepinkman Год назад

@@ihavenoname6724 Yeah, heard the deal with Lori and Kevin never even closed. Wonder who pulled out? Could be because he raised about $10 mil some weeks after this was filmed, and then another $11 mil some time later. So those % he would have had to give up in his company for "just" $1 mil feels quite unnecessary, if you ever could say that about $1 million. I'm not 100% sure in these numbers - it's something I just heard from people I know who follow things like this and live in the US (I'm Swedish and live in Norway), so don't cuss me out if I'm wrong :) But I think you're right, he went on there to maximize the visibility of his company, and it was and still is a *great* strategy.

@pedromiranda7346 Год назад

Robert is a great partner but I think Kevin and Lori excluding Robert was actually WAY better for this guy, he even gave up less equity.

@glaucopedroforte Год назад

I like the fact that Daymond always remembers about the core purpose of Shark Tank. The show is not for the wealthy.

@virginiaarthur5 9 месяцев назад

I know he was like I came from a poor background but you already made it out dude

@ehsanhuq4605 5 месяцев назад

Doesnt matter

@glaucopedroforte 5 месяцев назад

@@ehsanhuq4605 what do you mean? It doesn't matter if a wealthy person walks into the tank? well, I think you missing the point of the program.

@johnyoung823 7 месяцев назад

Would love to see the uncut version of this pitch. I know pitches last 1.5-2 hours usually the sharks have said. The guy clearly knows financials. Either banker or has had prior exits.

@vijayjan8608 Год назад

Kudos to him for staying the course and not freaking out while they laughed.

@UbiquitousAbsenceOfRemission Год назад

"I have my reasons and for those reasons I'm out" - Barbara

@Ayanokoji8 Год назад

How he handled them was pure class❤️

@wheres_bears1378 10 дней назад

They laughed at him but he was smart, he basically offered them an offer they would never accept and got free advertising

@wwe8620 Год назад

Barbara: “the aliens in the movie Signs didn’t like water, for that reason I’m out.”

@maxpowergaming462 Год назад

Best one I have read yet

@Angelo-ix9to Год назад

Using the Maggie Simpson voice

@BitterComments Год назад

I agree with Robert. That deal structure was so convoluted that *I* was saying “I’m out.”

@testuser2505 Год назад

Robert is a fool. Everyone has done their work to be where they're, no need to bring I'm bigger than you everytime. Glad he didn't take Robert on the journey. No need of egoistic partners.

@BitterComments Год назад

@@testuser2505 “No need for egotistic partners.” *Partners with Kevin O’Leary.*

@testuser2505 Год назад

@@BitterComments Kevin has the least ego on the show, he knows he isn't their first choice, yet makes offer to almost all pitches.

@stephennguyen6124 Год назад

@@testuser2505 dude was making it so complicated though, a lot of the times on the show the audience watching the show isn’t confused but this guy straight up just made it confusing. Yes it’s still a business but the fact that even the investors said it was complicating, u know it’s complicating.

@rafaelrondon1813 Год назад

That’s ridiculous. Taking a lower valuation then he already has is terrible strategy. It makes the company look weak

@ArgosySpecOps 10 месяцев назад

I have the 17oz, and 32oz both single wall non-insulated versions for greater internal volume (plus I like my water room temperature). I have the standard cap, uv-c cap, and the filtration cap. I must say that this versatile, scalable system is a game changer when it comes to hydration on the go. I may even switch over to their water pitcher from Zero Water after a bit more research.

@michaelkupfer3723 8 месяцев назад

The Sun emits uv light at a much stronger rate than any small bottle cap ever could...and still the planet is full of bacteria and germs. You have been scammed

@travisford2095 7 месяцев назад

Will you reply to this?

@ListerLanius 11 месяцев назад

The Sharks laughing when he said he was offering 1 percent was hilarious 😅

@RicardoZuniga Год назад

Bro really wanted the sharks and not just the publicity like you would expect from someone coming in with that valuation. Respect to this guy, he kept his composure, they even laughed at him but kept going.

@luisknowles4368 Год назад

This guy was brilliant. Loved his counter offers :)

@adebayoisrael9091 Год назад

Really love this dude's confidence

@user-lf1cj8cy2f 4 дня назад

This video is the perfect lesson of life. You just be you, no matter what your surroundings will say.

@michaeldiogenesbest6127 Год назад

This guy played the Sharks like a seasoned Professional. He used the simplest negotiating tactic ever; offer something of value, ask for A WHOLE LOT MORE than you need, then settle more than you really wanted.............

@jenniturtleburger3708 Год назад

Yep, I was super surprised they took his offer at 2%. Basically he way overvalued it, then cut the evaluation by half. Also I thought there was some rule where you have to get the evaluation you asked for. Recently Cuban was saying something about how Richard Branson must have never seen the show because he didn’t know that (or something very similar, I’m still not entirely sure how that works) but the interview was about when Branson threw a glass of water on Cuban. You can look up the video where he talks about Branson throwing water on him. I think it’s a flip from the Impaulsive podcast Cuban did.

@gaetanbouthors Год назад

@@jenniturtleburger3708 the rule is to not offer less than what they asked. They can change the % of shares or offer more money

@goldenboatcaptain Год назад

@@jenniturtleburger3708 it’s worth 50M now so I don’t think it was “way overvalued”

@jenniturtleburger3708 Год назад

@@goldenboatcaptain yeah well it also could have crashed.

@jenniturtleburger3708 Год назад

@@gaetanbouthors The sharks can’t offer less? So they can offer less money, it can ask for a higher percentage right?

@PC-iv5so Год назад

First time I've seen something I want on Shark tank.. glad they made the deal..the water filtration system was a good design too.

@ferryvantichelen6521 8 месяцев назад

Love it when the respectful guy laughs last

@thisiskaleidoscopic 9 месяцев назад

LOL I just watched this man single handedly play with the sharks 😂 GOOD FOR HIM

@noelalex4942 Год назад

Update : they are on way to generate a revenue of over $30million for the year of 2022.

@Diderito Год назад

Thanks for the update, its always nice to see updates

@wealth.mindset-_- Год назад

@@Diderito their net worth is about 50 million dollars

@loser3357 Год назад

@@wealth.mindset-_- 😮

@cow...5539 Год назад

Their net worth is 50 million BECAUSE of this deal. That was the entire point of this pitch. Larq didn’t need the money. They wanted to use the sharks to increase the valuation of the company to 50m. This is also why they did 2% upfront and 2% non-contingent advisory shares: so that he could ensure a 50m valuation.

@EdwinChenLoo 15 дней назад

There are $25 - $35 UV water bottles in the market. He recycled an idea and got free exposure.

@gladwinn8735 Год назад

This guy knew what he was doing, I enjoyed this conversation

@tavzilla 11 месяцев назад

i like Damon and Marks answer they didn't sign on to this platform to make the rich richer. I respect that

@purpleguy6837 5 месяцев назад

i love how ehen robert went out he gave them an even better deal i hope it was personal

@dappermanphoto Год назад

This is the definition of being a shrewd negotiator. Price high, to get talked down to your asking point. You get your asking point; they feel like they got better than the original offer so both parties go home happy unknowing of what just happened in the sale. Not that any of the Sharks are dumb by any means, but there was definitely a game of Yahtzee going on.

@AnalWrecker Год назад

Love how Ms wonderful is strictly business 🤣🤣 4:11 to 4:15 while everyone else is laughing he is “it costs you what, to make it?” with the straightest face ever

@AkshayRPawar Год назад

The laughing is cut short, it's edited for youtube. They all might have laughed and then became serious

@squeallymaniac Год назад

"Ms" 😂

@bencassi3657 11 месяцев назад

This guy's awesome. I saw him shaking when he was pouring water 😅😂

@thricepudding 10 месяцев назад

I love how he hit the rim the first shot and it went out. Then, I thought he was gonna nail the second shot and wiffed it but both times didn't acknowledge it at all haha

@Aminah6623 Год назад

I love when the Sharks laugh at the valuation. LOL

@victorespino5650 Год назад

Then they buy in at a better one

@wardope Год назад

he played the shark tank. the tank didn't play him! he was in control of the entire time! well done!

@joaopedrosimoes3894 Год назад

“I don’t need to get interviewed by you” that was great!

@manivelan9672 3 месяца назад

Phenomenal...he had a plan and exeuted it perfectly!! Bravo!!

@My.IMMACULATE.Conception.8 Год назад

Barbara: "Barbara isnt here right now. And for those reasons im out."

@xeexuxpb4391 Год назад

i love how the comments are about Barbara being out XD and she is not even in this episode.

@ryzeus 4 месяца назад

This guy really like his advisory shares.

@AbigailButcher Год назад

I bought one of these back in 2019 and it still works great.

@shantanukarandikar2568 Год назад

to be honest it is worth around 50 mil rn so he wasnt wrong

@chrisvinciguerra4128 Год назад

But it wasn’t then

@matthewtobkin7535 Год назад

It was not worth that when he pitched. He wasn’t even profitable yet

@xsah2 Год назад

@@matthewtobkin7535 a lot of people pitch on what they will be and he knew he was going to hit that valuation and his sales pointed to it

@jdrodrigues7 Год назад

Time Value Money fundamentals say “a deal is only worth what it is worth >Today

@asmith140 Год назад

@@jdrodrigues7 mmm actually no tvm is used to calculate present value which in fundamental valuation theory is the sum of all future cash flows. But I’ve always just thought it was simpler to say something is worth what another person will pay for it haha

@jesusfreak7777 Год назад

Well played! He knew if he offered a Higher percentage then the sharkdf would go higher than what he offered. He actually won instead the other way around lol he's a Shark aswell 🤣

@lottonthewizard4352 Год назад

Yep some good old reverse psychology.

@IRUNASSULT Год назад

I came here thinking this guy was gonna be a clown but turns out he gave one of the best negotiations on the show.

@javachef828 8 дней назад

Hi, food scientist here; I specialize in environmental pathogen inactivation, and something that wasn’t mentioned here is that UV inactivation doesn’t catch everything, and can even exacerbate viral contamination if there is a sub lethal treatment. Also, UV is not healthy to expose your eyes and skin to in enough exposure. Commercial UV use is just not proven, even if it is promising.

@based8223 6 дней назад

That's why the UV light is in a closed space. How are you qualified?

@Ian.. 4 дня назад

That’ll be why I just watched a nurse wheel 2 big UV disinfecting machines past me then. 😐

@xXRayan48Xx Год назад

Barbara: I am a shark and i already am in a water tank and i have plenty of water around me, so for that reason I'm out!

@cndungu Год назад

AMAZING product! I've always hated water bottles for the reasons he stated.

@Editnamehere Год назад

Be thankful you have access to water. Instead of complaining. You ghav.

@focalwater9591 Год назад

Did you buy??

@cndungu Год назад

@@focalwater9591 Not available in my country.

@jaybruno3571 Год назад

I got the pitcher and its amazing, water tastes so much better and cleaner

@anonymousbrowsing2909 Год назад

@@focalwater9591 i bought it like 4 months ago . I don’t know if it works , but i like the idea

@ardeshir9150 Год назад

Thank you very much for this very helpful informative video!

@Kathygale Год назад

@Andrea Schütz All you need is a professional trader to avoid making losses

@georgeta1115 Год назад

That is true, you need an expert broker and account manager to make good profit from Bitcoin trade.

@Musafeer360 6 месяцев назад

I just bought 3 bottles for my family from Amazon during black Friday. Wonderful products.

@dineshrabari7386 Год назад

Barbara: I don't drink much water so for that reason I'm out 💀

@luciaschoice1280 Год назад

🤣🤣🤣🤣🤣🤣🤣🤣🤣

@yusufahmed2233 Год назад

Update after Shark Tank (spring 2021) - Kevin and Lori never closed the deal, but they made great gains from the publicity after the show was aired. It is a booming company for sure.