Shark Tank US | Sharks Are Shocked At The Cost Of The Smart Tire Company 

Dude really said at the end "I think if they understood the full business they would see alot of good here"....the sharks were literally begging them to explain thier business 😆 lol

Mr Wonderful’s anger management classes really did wonders. I miss his "you're dead to me, get out"

Kevin really does seem like he’s been on some sort of healing journey and I’m here for it.

20 million valuation with no sales, awful costs, no business plan. It was kinda expected

I loved how Kevin controlled himself "Anger.....anger management"🤣

when I was younger I asked my dad "Dad, why is asphalt better for roads than concrete" He said "its not, it's just cheaper"

That was the most confusing pitch ever 😂

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

Watching Kevn Hart be serious and try to wrap his head around the ridiculousness of people on this show is sublime.

I like how well Kevin did in judging the business. Sometimes people think celebrities, especially comedians, don't have a business mind and they depend entirely on their "team" to figure out deals. This proves that isn't always true.

9:54 I laughed so hard when I realized who their last hope was.

if the tires are still wrapped in rubber they will have the same wear and life of normal tire, only being puncture resistant, but considerable higher cost

What the entrepreneurs say after they leave the tank always tell you exactly why they failed. They blamed the sharks for not understanding instead of taking ownership for their lack of clarity on operational execution. Their egos are not their amigos!

Man, I felt Marks pain. Dudes couldn’t pitch their game plan at all.

Mr Wonderful stopping himself before saying “I want to wrap this cord around your necks” 😂

The tire has change dramatically in the last 100 years. We went from natural rubber with cloth bias ply, to a multi compound silica vulcanized rubber with steel/ kevlar reinforcements. Also nobody would by a $700 pair of bicycle tires. A goodyear bike tire costs $10! And it lasts for 5 years of heavy riding.

If they could develop it for High Performance Motorsport like F1 I could see it being huge but it's never gunna get used for private cars at that cost.

For those who don’t know, Earl (space suit) was actually the season 14 winner of Survivor

The Sharks would have understood the business if these two men knew how to explain it.

I bet these guys are ‘tired’ of hearing they have an ‘overinflated’ evaluation. Thanks for the video.

Love him or hate him, but mr.wonderfull is always entertaining and funny..💥

I don't get it. The rubber will wear at the same rate despite the internal armature. Who would spend 4x on a tire that will never go flat, but lasts the same as a conventional tire?

Legend has the sharks are still waiting to hear the business plan…

"no I shouldn't say that" good on you, Kevin!

Old Kevin would’ve ripped them a new one 😂

Nitinol is not a cutting edge material any longer. Orthodontist have been using it in the wires for like 30 years +. The main problem with the material is the coefficient of friction that it produces, which is high and will be a problem for tyre purpose plus they will also wear and also the sound that they will produce when in contact with road will be something that have to be looked deeper into. Hope they have worked out around these issues .

as a cyclist I have to say for cheapest road tire for road bicycle you have to pay around 10-30$ while going from 30-100$ you're already getting premium product and anything above 100$ is checking all boxes in cycling world 2.5-3k wheelset is a no go especially considering the weight

I don't think many people will pay that much cost for tyres. Sometimes being too much Premium is not good

From survivor to shark tank entrepreneur

I have never in my life heard a pitch, more so than this one, that just screamed "Barbara is out"

Kev's 'Anger management' 🤣🤣🤣 I miss the Savage old Kevin comments on this one 😂

My question is: Do the tires go bald and have to be replaced like regular tires? Is the core re-useable ? Also, if you have to have rubber on the outside you're still creating toxins in the environment. I'm not sure about this product.

love mark and Kevin the only two who actually give advice to people instead of saying it’s just not for them and they are out like Lori.

Barbara: “I don’t use tires so I’m out”

When Barbara is the last shark you know you screwed lol

Let’s be honest, he’ll need a lot more of those classes 😂

I knew they were screwed when Barbara was the last person to be out.

They priced themselves out of the market before they sold a single unit.

In the end he said "we are gonna raise lot of money", exactly the problem here, he is just trying to raise money after money instead of making a viable product and going to market.

Kevin hart just looks so out of his element it’s almost hilarious lol

Wonderful how mr wonderful wanders around valuations

Earl survived fiji, but couldnt survive the sharks

Imagine Barabara giving an offer at the end.

The space suit started to look dumb as the video progressed

This is not about the "waiting list". It's about how they're going to run the service to meet the 600.

Even with a reasonable valuation they have an idea, not a business. Was impressed by Kevin Harts line of questions though, the guy clearly is very smart

It's crazy there was no mention to how it behaves, I just can't imagine this would work anything like a traditional tire in real world conditions. Would be really curious about the weight because $3000 for a wheelset is by no means crazy in the competitive cycling market.

who suggested anger management classes to Kevin is dead to me

They couldn’t even come out with a tire that has rubber around it, which means they are pre-prototype. They need to license this to a mega cap company that already does tires, and let them figure it out. Kevin was right.

Love the product. Love the vision. No real plan to execute. Price point is way to high. No one is goin to pay 2k for a bicycle tire unless maybe they are in the Tour de France and that’s a maybe. 1,500 to 2k for a full set of truck tires, maybe but it sounded like they would be closer to 4-10k

They seemed too focused on just raising money. Their only achievement seemed the equity crowd funding. Just like the sharks pointed out they have not executed anything at all.

they did not prepare well at all

10:15 if they just said everything from start to end and spoked clear from the start, I think they would easy get a higher chance for an offer

Holy mackerel. I’m watching this in the middle of 2024 for the first time and according to their website, this company still has not launched a product for sale yet.

I just love when people try to fix a problem that doesn’t exist. And then for cars and being competing against high end performance tires there’s literally no shot. For performance tires everything comes down to the rubber compound, the side wall, and the nitrogen (yes nitrogen) in the tire for air pressure… and mostly being able to adjust that air pressure for track or driving conditions.

Once it got to Barbara.. they knew they were going home without a deal.

6:00 Kevin: "are they going to be 5x the price of a regular tire?" Brian: "no they won't be 5x"... lol. It's like 2500x lol

If this was an accessory that could be added under your car tire for maybe ~$100/tire it would be a huge success

Some viewers think Kevin was too soft on them, but listen again it was brutal.

9:07 Kevin holds back a death threat

4:28 Kevin: you're not astronaut 😅😅

Kevin Heart actually really conducted himself well and made a very good point!

But here’s another issue they didn’t explain, if their tires are going to NEED rubber wrapped around it to work no matter what, then what happens when the tread runs out and goes bald? You might not have to worry about another flat again, but unless you’re using invincible rubber, the tread WILL go bald, so you’ll still have to replace that tire in some fashion. Then there’s the question of how to replace just the tread on a space material tire base, how much that will cost to replace, how many tire manufacturers have it available, how many tire manufacturers even know how to perform such a procedure, do we not have to worry about the question I have at all because in all actuality it will come sold pre wrapped in rubber so all you have to do is just ask for a smart tire and they put it on your car and rims like normal etc… The sharks were right, there are so many unanswered questions and it makes me angry just thinking about it.

It's nice to see Kevin O'Leary working on himself with the anger management. Good for him.

One thing that they didn't ask was what happens when the rubber wears out? You buy a whole new set, or do you just replace the rubber? If the rubber is just replaced, then that premium is only paid at the being and just just pay what it costs to replace the rubber. If that's the case, I think that business can work. You have a tire that will never go flat, and you just worry about the wear and tear.

Lookin good Earl! Barely aged a day since your Survivor win lol

that's DEFINITELY the dude from Survivor, right? I'm surprised that didn't come up at all 🤷‍♂️

I was hopeful Barbra was going to say “I’m in”😂

I don't like how the sharks always argue they can buy a cheaper inferior product as if they're pinching pennies. As an average comsumer living in a depression, even with the current economy, I'd much rather buy these tires than ones that I'll have to rebuy over and over again. You have to think smart with your money, and it's more affordable to buy a more expensive product that actually lasts than rebuying the same crap

They do not have a viable product. They say they are going to add rubber to the outside of the tire, rubber wares down from regular driving. The product would need to be replaced every 3-5 years and would not do anything to reduce the amount of rubber waste. This would not even be cost effective for the consumer.

Earl Cole from Survivor.

Literally re-inventing the wheel. I wish them much luck

They were too in love with the NASA connection.

Kev sat there like he don't know nothing and I love it

“You’re throwing too many big words at me and because I don’t understand them I’m gonna take it as disrespect, watch your mouth”

Great tech but outer layer still rubber means it is still going to wear out and be replaced at higher cost.

If you make it to Shark Tank you're either already succeeding or they just want to make fun of you.

Towards the end of the video Mr wonderful gave some good advice before popping off😂😅

Dude literally popped the info the sharks needed to hear while OUTSIDE THE ROOM 💀

The technology is amazing, commercialize it, bring the cost down and prove the sharks wrong!!

In my opinion, I like normal tires better. Like if your bike wheel goes flat, super easy to pump up

They most expensive performance tire that everyone uses is Toyo r888r and it cost about 450$ a tire. 800 a tire is insane.

If there coated in rubber do the tires get re covered in new rubber after wear or do u junk all that and then buy more tires?

Mark always so dramatic looks like he’s always enraged 😂

And this is why it’s essential to hire a professional sales/marketing guy to your business

Kevin Heart shakes his head because he's clueless, as do I. 😂 Just smile and nod, smile and nod.

the risk of dressing up in the astronaut suit is you have to feel like a dope walking out in a costume without a deal.

Kevin always has that face that you already know someone's getting an, "I'm out!" 😂

It’s a great idea, but they are really starting out. I wouldn’t be surprised if they actually grow thsi in a couple of years and we see them having the first or one of the first companies producing airless tires.

The issue is that these tires still need to be replaced just as often as any other tire. Unless they have some patent on a special tread ware technology, these only help prevent against flats, and nothing else.

Big shout out to the space ship that they found back in the 80s and a piece of it was this stuff, for giving the idea to us!

Kevin is so funny, "how much does it cost to make that thing?" lol

Update... The Smart Tire had a valuation of USD 87.48 billion in 2022 and is projected to attain a value of USD 161.91 billion by 2030, with an anticipated compound annual growth rate Compound Annual Growth Rate, (CAGR) of 8% from 2023 to 2030. If you research The Smart Tire, a lot of great things are written about, and the prediction for these new reinvented and innovative Tires for all cars around the world. One or two of the sharks should've gone along for the ride.

Nobody noticed that the weight of the wheel will be increased and every additional pound per wheel is a big deal on performance of the car: braking, handling and even acceleration (rotational power, that’s why light weight wheels is a big deal)

I respect the fact that Kevin stopped himself from being unnecessarily rude.

Reinvent the wheel 😂😂😂😂😂 i love Kevin so much

The Tire may never go flat but after so many miles you have to replace the rubber and how much is that ?

those customers are gonna be waiting on that waitlist for a very long time if they only have a 5,000 square foot lab and no production facility yet. The smart play is to license it as a premium tire to an existing manufacturer.

rubber still wears out, so what you are paying a premium for is to not get a flat and not because it is more economical than simply replacing it when it does go flat. that makes sense for nasa. it might also make sense for baja and rally car racing, because they get lots of flats. i cant think of any other situation where these are a good idea.

Barbra: he wasn't actually a astronaut so for those reasons I'm out.