@@Lynx-vi3bi right a lot of them do! These guys had a bogus product, which was basically a green tea chewable product. They didn’t prepare the “Wow” factor of this product and just started throwing out numbers/data once they fumbled. You gotta come right with guys that hear pitches all the time, most of them are technical so they can sniff bs.
Easy to sit on your couch and judge/make fun of these guys for trying to create something huh. I wonder what you've created or what few and minute risks you've taken
@K B You totally missed their point. The shark tank is precisely built to allow people come and convince sharks to get in business with them. They failed at that!! It isn't the sharks' fault, it is solely theirs.
Quite a stupid statement, tbh. Coca-cola is valued at $37B, and they sell carbonated water sugar! Everything is made of simpler building blocks, it's ignorant to make fun of this fact.
@@amirt825 That's true but their whole presentation just came down to sugar cubes and not actually what it does different or why the consumer would even be interested in the first place.
@@ForeverShadowBanned The entrepreneur is struggling to explain their product for the first 20 to 30 seconds of the video. yeah, they suck at presenting.
No it's not a logical comparison. Apple makes computers, which are arguably the most useful product that human beings ever conceived of. They make most of their money off of iPhones, which are extremely well-known and allow top-level internet access anywhere and thus unlimited content. Apple also has a decades long track record. NONE OF THESE apply to them. NONE.
@@asdasdasd1708 yeah people invest in apple because of their ability to inovate and be creative and bring products to market...when you're comparing them to some other giant tech company like Samsung or google...those reasons for investing have nothing to do with sugar, sugar is going to be some giant corporation dominating the entire world market
Actually, the comparison to Apple was fine. He wasn't saying "we're the next Apple or we're similar to Apple" he was just saying that they see the value of the investment in future R+D, them being innovators, etc. The problem with the Apple thing was that they showed up to the pitch with a finished physical product that they couldn't sell for shit.
“You know what scares me? 40 million for SUGAR.” Dude was right on the money. They had very little salesmanship OR insight as to why that cocktail of caffeine and such was better than the normal alternatives. And then he said “widely regarded” OOF. Huge oof. So much mystery about your product is generated with that statement.
generally regarded as safe... he meant GRAS... it's an official FDA designation. No mystery is generated with that statement. At least, not to educated people.
Not to mention there are plenty of energy drinks already in the market that contain caffeine, L-Theanine, and other vitamins. There is nothing unique about this product other than it being a sugar cube instead of a beverage or supplement.
It's just ltheanine. You take it with coffee and you get calm focus instead of 'jittery' focus. It's on Amazon and in pharmacies. Nothing crazy but it works and it has no side effects. Costs like 5£ for 100 pills
michaelharrison2012 for that reason I like this episode. Feminism isn’t any better than Kevin being a dick. Barbara has bought into businesses JUST because of the owner was a chick and didn’t have a dick. You can have a shit idea in her eyes she will still buy it just based on sex alone. Just like how Daymond favors Black people.
Best part of the clip is when the guy starts talking about Apple, Mark sighs, Robert starts to interrupt but Mark says "let em go, let em go", and then Chris' laugh too
This is literally the plot of Silicon Valley show. They thought they had a good product and started valuing it high and then they found nobody had an actual use for their product and not everybody understood it too. And what happened? They lost it all…
Lori nailed it. Its not that they have a product that doesn't work buts more like they need to be able to communicate it in a manner that a layman can understand it. Its like how we use compilers to translate high level languages to binary language which is made up of 0's and 1's, which is what the computers understand.
Mark Cuban is just great , when the guy started giving apple example Robert was going to laugh but mark hit his hand to hear his idea rather than just laughing it off.....
Overvaluation kills a deal before it’s even thought of. These new age entrepreneurs are always asking for millions of dollars in exchange for single digit equity, and they never get a deal.
Milton Perez the l-theanine and caffeine synthesize, like alcohol and marijuana. Good for short term memory and alertness. Green tea has the highest natural levels of l-theanine in tea.
Honestly those the guys are right… not saying that their company will or won’t be successful but the purpose of a shark/investor is to see beyond the current problems and state of the company and try and see where it could potentially go under certain guidance and resources
Well with a 40m valuation, there should be no questions at all about the state the the company. Anything below revenues in the millions is just asking to be laughed at.
The point of an investor is to buy in to a company at its current poiny and use their knowledge and resources to make it more valuable. Not to figure out what it could potentially maybe be and buy it at that price. It doesnt have the be the exact current value, but it should be in the ballpark, not exponentially higher. The risk is losing all the money invested, let alone the company growing stagnant before it 'reached' its valuation. In either case, the sharks did the right thing. It wasnt currently worth 40mil and would be a massive risk to assume it would be, and even if they assumed the best, the best is probably not high for a suger cube with ingredients that you can already buy, separately or together, dirt cheap, in supplement form, in energy drinks, or in a literal cup of tea.
"I have been cooked up in this room for a long time. Barely ate, haven't showered or brushed my teeth. Its time I woke up, cleaned up and saw the world. For that reason RU-vid, *_I'M OUT_* "
Used this product for 1 month, was hospitalized for strange abdominal pain. I wasn't sure if it was the product, so I stopped using it, and I started to get better. My girlfriend had the same problem. This product was never clinically tested. I recommend not using it at all before they conduct clinical trials with it.
Right, so how did you and your girlfriene get your hands on it, considering that it's not legal to put something on the market that's not fda approved?
SpaghettiToaster 🤦♂️ if your gonna call someone out as a liar............ atleast make sure you know what your talking about so you don’t embarrass yourself in return. This product is a supplement and not medicine. Supplements DO NOT REQUIRE FDA approval. www.google.com/amp/s/abcnews.go.com/amp/Business/real-life-limitless-pill-silicon-valley-entrepreneurs-pursue/story%3Fid%3D46454558
bLaCjAcK Daniels I never understood that, when I wear baggy clothes there’s still this spot where it’s a rock and it’s noticeable Unless you’re literally wearing a trash bag it makes no sense
Josh C I'm going to go on shark tank selling trash bags, wearing only a trash bag, and threaten to rip it off if they don't give me an offer. It's foolproof!
It really seems like they just told their pitch to each other the entire time making this product and at no point even tried to tell it to a third party outside of their circle.
Never pontificate to experts about their area of expertise. This has literally never, ever worked in anyone's favor during any Shark Tank or Dragon's Den pitches. Expert businessmen understand valuation. When they think yours is absurd, sure, defend your product, your pitch, your business. But don't start explaining how valuations work. If you're claiming to be a growth company, demonstrate why. Don't explain what a growth company is. They know. Never gonna work. Pitch, don't pontificate.
I like how they tried to compare investing in them to investing in Apple. "You also invest in RND, future products.." Umm Apple does well already has products that does well and has a track history. Unlike these guys...how did they miss that? 🤣
As of November 2020 this company (now called HVMN) was valued at $5.62 million (they also dropped the sugar cubes from their product line). Also, they're struggling. Pretty good intuition from the sharks when they thought they were worth $40 all those years ago lol Edit: turns out they are actually valued at $35.6 million, not $5.62. Guess they were closer than I gave them credit for.
Where did you get that valuation from and how do you know they're struggling? I'm just curious to know how to evaluate the performance of these brands when they're a private company and we don't have access to their numbers...
@@coronasummerclassic valuations are based on how much did they earn the last year in total sales or in some cases the last 5 years but only counting the real profit, this company only makes 4 million per year in sales, that must mean they should be doing around 1 million of profit per year.
