Sometimes it’s not about backing the product, it’s about backing the entrepreneur and having faith in their capabilities. And I don’t think anyone can argue the lady isn’t an extremely bright CEO.
I definitely think it's a product that's needed. I have shrunk three sweaters in my life, two of them were cashmere. I've had the cashmere sweaters on the top shelf in my laundry room for 3-4 years. I hate to throw them away and I guess I'm hoping one day they will magically be back to normal size. Now I have a solution!
A decent merino wool, cashmere, or angora sweater/jumper is a major investment. The wool alone starts at $300 before adding labor and shipping. $800 for a blanket would be low to average. I would buy this product today as an insurance policy the same way I keep tins of re-proofing oil for my oilskin raincoats. Unfortunately their website says they are sold out so they are not trading right now.
These people are definetly way too rich to understand this problem. Whenever i wash my clothes wether it´s jeans, shorts or whatever they always shrink back. Ususally after a while they come back to normal size through wearing and strectching, but that shortens their lifespan. If this stuff could bring thejm back while protecting the material it´s definetly a great product.
Yes that was my impression as well. They have people do their laundry if they ever even wear the same clothes and if anything shrinks, they won’t know about it. Also, sometimes when going on vacation, laundromats might dry clothes even if you instruct them not to dry certain clothes and they’ll dry it at the highest possible temperature, which can be disastrous for clothes as well.
Mark is investing in these 2, especially the mechanical engineer. He heard him say he developed patents while working at Johnson and Johnson. He knows inventors have to invent. It's in their blood.
Daymond just wanted to license it. 25% to bring someone in to literally just negotiate a deal with someone else is absolutely absurd, no matter who you are. I think no one should ever accept those deals, go negotiate yourself if you want to license, or find the same kind of help at a much cheaper price
When you become so rich that you’re blind to common lower class problems. I’m 6ft4. I buy a large that fits me nice. It’s 50/50 chance I still wear it after I wash it.
Found a article for a year ago, the deal with Mark didnt close. But they were doing 2 million a year. Sucks for them when someone undercuts other bids, they take it and it doesnt close. They could have went back to some of the others.
Mark makes offers that totally creates an imbalance in the competition. He barely talked or questioned them, but their pitch was also very well composed. They were both gentle, sophisticated, polite and well coordinated.
This is a tough sell. If I saw this on the shelf, I would assume it doesn’t work, fades the colors, or misshapes the fabric. I think they underestimate the consumer education required to sell this
What a great product. A while ago my lady washed all my vintage Pendleton shirts and dried them… bye bye $2k.. maybe they are still in the closet and i can get them back now! 🎉
This is a ground breaking product for a special group of people who use fabrics that are prone to shrinkage. It's sad that the sharks don't see them making a more conventional laundry washer with this chemical in it to wash and prevent shrinkage. I used to do hiking in New Zealand and wool is a very common product, if you wear wool under clothing, it keeps you warm but if you warm it on it's own it's very well ventilated and keeps you cool.
I believe this deal never came to fruition. It ‘might’ be a problem solving liquid… but in my 55+ years (wife & kids - and I do/did ALL the laundry!) … I’ve never needed anything like this. But … thanks for the video.
hello guys this a show for people with dreams. people who love to be challenged am always amazed at how smart people are, out there. Can Mark and team come up with a sequel or a followup on these business so we be amazed some more how they fared after that.
Man I thought this was going to be a product that prevented shrinkage. I buy pima cotton shirts that fit perfect , but after washing and drying, shirts fit like a damn crop top 🤣🤦🏽♂️.
I’d like to know if you’ve ever owned materiel they’ve mentioned, or if you didn’t need it because you threw the item of clothing out. Please elaborate
@@alienarachnid5367I own a few wool sweaters. I live in CT and it does get cold here in the winters. Wool keeps you warm even when it gets wet so its a great winter item. I hand wash all of my wool clothing items. Thats why I would never buy this product. I do use a product when I do the first wash of my new wool purchases. It is basically a conditioner which helps to protect the wool from damage
I wish I could bring g my 30 yrs of knowledge on roofing ,aication , sales, saftey n so on and go to sharktank for a million. Dollar consulting firm my brain is worth money!!
