private investors get better valuations since they can speed up the growth of companies. Hopefully Daymond contributes enough time/value to make the valuation a fair trade. note: new companies are also much more riskier than strong older companies with defined models. Daymond's time and the novelty of the company need to be considered.
I don't like how a 17 year old came in with a perfect valuation that was very reasonable, and justified with not only sales - but profits, yet they grinded him to cut the valuation in half. But that's shark tank!!
$150K for 20% is a $750K valuation. He's probably exceeding $750K in annual sales and has a 70% margin. That is an incredible deal for Daymond, other entrepreneurs would've probably valuated their company at 4-5x that amount
some of them have different energy for different people I feel that if it was someone older or something that where offering what he said they would’ve took it😬
@@SebPineda Daymond was very clear that higher money does not make sense because the entrepeneur doesn't need it. If he went to counter with that then Daymond would probably be out
Daymond John is perfect to SliimeyHoney; still, I wish Robert Herjavec was on this episode since he’s been with two companies for Stress-relieving product. I hope that Robert Herjavec joins in with Daymond John on this deal.
He was poorly advised. If he's making 300k net profit his business was worth well North of 1.5million. The sharks ripped him off, and he should forget about college
