Steve and Glen's Fiery Clash Over Hex Pegs' Pitch | Shark Tank AUS

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Damian Joyce is seeking an $80,000 investment for a 20% stake in the Hex Pegs, and a quick demonstration of the product leaves the Sharks impressed but will any of the investors make a reasonable offer?
Company Website: hexpegs.com.au
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #HexPegs #StickThis

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16 июл 2020

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Комментарии : 414

@drewvigne 4 года назад

Anyone else want to see Steve guest star on Shark Tank USA?

@ItsJJ1444 4 года назад

No way, that version is cringey af haha

@tongalife7102 4 года назад

From Hawaii. I do. Steve or Glenn

@cletisnichols6575 4 года назад

@@ItsJJ1444 aawRawYyyAAß,

@skydudeff7 4 года назад

Oh Hell yeah!

@cdnhawk65 4 года назад

He's the only one worth watching.

@JSSTyger 4 года назад

Wife: I like Steve. Guy: OK then we'll go with Glen.

@leeshanpillay1253 4 года назад

He doesn't want any more step children

@BrandonDaytek 4 года назад

@@leeshanpillay1253 lmao

@MarFutbolero 3 года назад

@@leeshanpillay1253 bruhh this one really sent me 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

@yajkotak 3 года назад

@@leeshanpillay1253 damn bro 🤣🤣🤣🤣🤣

@whitewhale3912 3 года назад

Yh he's just smart steve would of ruined it basically getting it for free, glen makes a good deal that doesnt rip himself off

@kazukiaj8565 4 года назад

Steve’s offer was actually amazing! If he generates enough revenue to give back 160k by receiving 1 dollar per unit, his business is a fucking success, annnnnnd his equity will drop to 5%! That’s a fucking good deal!

@baylichelsea1041 3 года назад

RIGHT?! It’s essentially saying “I’m gonna give you 80k for 10% and THEN LET YOU BUY BACK A BIG CHUNK OF MY EQUITY VERY AFFORDABLY WITH ME STILL ON BOARD. Can’t believe he went with Glenn, it was robbery.

@MrZachgonz 3 года назад

It isn’t. He stated they made $250k profit one year even if they doubled profits the following year, by paying by $160k it would eat up a sizable chunk of profit.

@commanderkeen3787 3 года назад

And then with 5% equity Steve will turn his focus away from the business to focus on other more profitable investments, and the business will ultimately fail. A bigger equity stake gives the investor greater incentive to drive the business further. 5% of let's say a million dollar company isn't worth Steve's time in the end. 40% definitely is worth Glen's time, he will put more hours and phone calls into it, and get a cool 400k return per year or more for his trouble

@TriMarko 3 года назад

@@commanderkeen3787 That's exactly it, Steve's offer didn't come with any useful contacts and he's not in business in that area. So its purely for the money. Whereas Glen has the contacts and can get the product out there. 40% is a big hit but at the end of the day it was probably the best for the business

@amitparoha2877 3 года назад

I agree completely! I think he had predecided that he wanted glen

@jaykaria6718 4 года назад

I can't believe that Glen really told him that he'll get a similar product(indirectly telling him that he'll put him out of business) and then he makes him accept the deal forcefully at 40% which according to me was a bit too much. Disappointed that Glen could do that.

@Ulalayumyum 4 года назад

You have a point. But for glen to say that to his face and asking a 40% was just brutal. Glen could have just offered and didn't say anything about copying his idea.

@flashdaz05 4 года назад

James Esa brutal? I think glen keeping his mouth shut, stealing the idea behind his back, then inadvertently killing the original business is MORE brutal. If anything, it was just a bit of tough-love. Yes he strong armed him into giving over 40%, but he’s also strong arming him into a likely very profitable future. It’s a win-win. If glen pussy footed around to be the nice guy, the contestant very well might’ve taken the other deal, and then they’d both be losers.

@ukseverestormchaser 3 года назад

I really wish the guy had some sort of IP on his product.

@Lilith-Rose 3 года назад

@@ukseverestormchaser what's to patent, its literally just an overpriced carriage bolt with a couple of fancy washers on it. The only thing he could possibly patent is the hook design for the top washer but there are too many ways to get around that, you really can't patent the idea of using carriage bolts as pegs, it'd never hold water.

@mchoffner8497 3 года назад

@@Lilith-Rose yes, that is the thing - I used to be an event designer, and we would use long bolts in a similar fashion on events, at a fraction of the cost.

@likaoodyuo8321 3 года назад

Andrew, 'i make all the important decisions, but my wife decides what's important'.😂😂 Love the line

@kimslip 11 месяцев назад

yeah i laughed from that one. Genius xD

@p3rvypri3st 4 года назад

Naomi "I was always on the end of a drill from my dad" 😂

@SiLoMixMaster 4 года назад

Her maiden name is 'Fritzl'

@sasnad3 4 года назад

Haha ridiculous

@Xplicid 4 года назад

🥴🥴🥴

@al.s9351 4 года назад

For not from lol she was pegging him

@koreandemon5426 4 года назад

Something about a piece of wood too lmao

@moparmadness0180 3 года назад

Lag bolts are a couple bucks at the hardware store. $12 a bolt? You're high.

@terrysullivan1992 3 года назад

I don't get it either. It's just a long hex head lag screw/bolt and a fancy washer. Then you have to pack your cordless drill, charger, and a hex socket. The fact that he's sold lots of them only shows how many people aren't aware of this commonly available item at any hardware store/building supply like Home Depot or ACE.

@montelvontaviouspore 4 года назад

Andrew: "It sounds like you've got the same kind of marriage that I've got... I make all the important decisions... but my wife decides what's important.." Classic line from Andrew 🙌🤣

@wendyblackbird8 4 года назад

"Do I endorce your product or rip it off and craft my own"? Issa hungry Glen Shark.

@bkunal88 3 года назад

I really hated him for saying that, that may have influence his decision ..

@tannerdylan5972 3 года назад

I think sometimes he just tries way to hard to be like Kevin O’Leary or like an American shark. He is definitely the toughest shark on the Australian version. He takes some things very personally as well. When he gets mad it’s really obvious. I think it’s funny when he gets mad and all the other sharks get up and shake the persons hand and he just sits there with a frown on his face. I’ve actually seen him get up and walk off the set cause he lost a deal lol

@tannerdylan5972 3 года назад

I like how you say “Issa”. Meesa like that!

@wendyblackbird8 3 года назад

@@tannerdylan5972 🤣💜🌻

@stefhannington2218 4 года назад

Dramatic music😳 More dramatic music 😳 Even more dramatic music😳 Musics taken over the pitch 😳 What was this video about again🤔😂😳

@vishnusarathyp 4 года назад

Yeah, didn't feel like watching a pitch 🙄 feels like a watching high school musicals

@shawnhenderson1130 3 года назад

Can use a lagging bolt with a washer for like 25 cents each.

@chuckmcintosh6945 3 года назад

Yeah. And the threads aren't deep enough. Would work great in Australia with compacted dirt but in the US drilling will loosen the dirt. It'll pull out. And the hook should be interchangeable. Tents will slide right off. Id make them fatter with deep threads or just make different sizes for different soils.

@shawnhenderson1130 3 года назад

@@chuckmcintosh6945 see your already an entrepreneur 😉👍 haha no but really I figured this out on my own like 10 years ago. They sell so many variations of length and width lagging bolts at the hardware store that you could make your own "tent stake" with little, to no inventive talent haha

@camdenklein4149 3 года назад

That’s exactly what I do lol

@irenetorkel2186 3 года назад

Lag bolts that long aren’t that cheap. I work at a hardware store and know how much they cost.

@terrysullivan1992 3 года назад

Yes but more like a dollar for a twelve inch by 1/2 inch lag bolt.

@randomrangoon5476 4 года назад

Ah long bolts lol. Good for him I suppose. Been doing this for years with something very similar from the hardware store that costs a few dollars.

@BroskiRIP 4 года назад

They cost you $2 each. This is not a new idea.

@timemasterhms 4 года назад

Yeah I thought I was missing something here. Just but them from Bunnings for peanuts!

@alexweimann3499 4 года назад

prices are insane.

@couragewoodworks2843 3 года назад

When he said the price my jaw dropped. I’ll just pop by my local HD and grab a couple 12 inch bolts with washers and bata bing bats boom.

@couragewoodworks2843 3 года назад

I was honestly surprised that that is literally all it is. It doesn’t even appear to be larger threads to grab the dirt better, just appears to be regular construction bolts 😂

@berto3745 4 года назад

I’ve been around building products for years.. and this looks like a long lag bolt you can get from any hardware store. Not sure if there is a patent on this bolt.. but hopefully they have one for that hook that’s attached on top. I’m sticking with lag bolts and washers 🤷🏻‍♂️

@dirtrider88 2 года назад

you dont need to be around building products to know this is just an average bolt you can buy for a incredibly small fraction of what these "pegs" are sold for.

@bigchungus1865 3 года назад

So your telling me I could of takin 15in lag bolts and put a 2in washer on it and did that 10 times and sell it for $100 plus dollars, damn I missed out

@benjaminkeah8590 3 года назад

Idk how many times I’ve heard Andrew said : “What Are You Gonna Do?” On this episode 😂

@oscarzepeda6682 4 года назад

It feels weird hearing Naomi take over and not andrew

@dannie92 4 года назад

They both like to not invest and pretend to be the host instead

@andyt2k 3 года назад

"I hated missing, bending the pegs and hitting my thumb, so I've come up with a solution that means taking a drill with you to a camp site lol"

@pro-tek1100 3 года назад

You can easily you a ratchet too ya clown

@chadhenderson7704 3 года назад

Yep

@oxydreamer 3 года назад

yea, instead of a hammer. now you dont need the hammer. anyway its a $5m business now

@AdamBechtol 4 месяца назад

@shelbyspapabear 4 года назад

The look on his face when she wouldnt let go of the screw after it was already started lmao. You could see the frustration in his face 🤣

@eyebidder 4 года назад

Click bait! That was a Fiery Clash? C'mon, really?

@Ratsos12 3 года назад

I was initially confused why a second dude was pitching Hegs Pegs until the joke.

@chiraggoswami7270 4 года назад

Naomi: I'm in... and for that reason, I'm out

@collinr1363 4 года назад

Naomi: Im Barbara and for that reason Im out

@Noster181 4 года назад

My names Jenny and I love the product and for that reason I'm out, oh shit wrong show

@sailingsolar2371 4 года назад

It's a common long skinny lag bolt,1/4" X 12" with either a fender washer or a hooked washer. Cost $0.20 for the driver bit, $0.10 for the bolt, $0.08 for the hooked washer and $0.04 ( $0.42 plus packaging TOPS).

@RevAKAtheRevel 4 года назад

I'm from the uk and my dad has had them for his awnings for years. Ps they're a nightmare to use if you haven't used the drill for a while and it dies half way through

@vedshukla659 2 года назад

2:27 The lady started playing invisible drums 🥁

@koglioknows 3 года назад

Thanks for the idea, think I'll buy some big screws and add a hook to them myself. Simple enough.

@greenlion6544 4 года назад

Best episodes are these, when they’re a golden opportunity and the sharks immediately start to circle.

@tarunramesh8539 4 года назад

Andrew is a nice guy, and definitely makes good points, but feels like he never ever invests, bit pointless him being on the show

@ghdfhsfnfgbadfhsfh 3 года назад

he made an investment for something close too 2 million, if u go through these clips u will see it. thats worth 20 standard offers

@Captncutie 3 года назад

Andrew is there to invest in the big businesses his net worth is more than all the other sharks put together

@MarFutbolero 3 года назад

nah, Andrew it's just worth $300 million, Glen alone it's worth over the double of that $700 million, do your research before you say stupid stuff lol

@thenxy 3 года назад

@@MarFutbolero yeah your wrong mate, do your research, they are both like 10% of what you just said

@thenxy 3 года назад

@@MarFutbolero Glen only owns $13m worth of his company Greencross

@gareth6956 4 года назад

He's been done there, no choice either with the threat from Glenn to introduce a competitor.

@TheLochs 4 года назад

I thought this was the clothes peg rerun. Name is very similar.

@smoothmicra 4 года назад

Good idea, though you need to remember to bring the drill!

@robmarrin6720 3 года назад

Plot twist (pun intended) there's a sheet of ply wood 4 inches below the sand 😂😂😂👍

@amjadshareef6556 4 года назад

How about putting another semi circle on top of the nail, 1 nail can be used for 2 tents side by side.

@toddculver8968 4 года назад

So I'm a 23yr carpenter. I could simply duplicate this by going to the hardware store. Seems like a bad deal cause you have to buy a screw gun first of all. Next the rubber washer is not needed. 3rd the rivets should extend the whole length of the screw. 4th there should be options for big threads to be able to grab into loose substrate better. But thanks for the idea and I know how to improve it for real camping use

@sutherlandshirebalustradin1276 4 года назад

LOL your right they exist , they are called Asphalt Anchor Screws

@kayshiva6616 4 года назад

They hardly ever seem to ask about ip protection on the Australia version

@mwhite9298 4 года назад

Glenn: "Steven, stick this up your left nostril." Bahahaha! He basically just told him to lobotomize himself!

@v.duskren8819 3 года назад

Also, if he didn't go with Glenn, Glenn already mentioned making a similar product, which would compete.

@michaelgray9236 4 года назад

Can't you just buy long threaded bolts from the hardware store? Lol

@johnschuette5597 4 года назад

Shush now

@flick22601 4 года назад

@@johnschuette5597 - LMFAO

@SunilSingh-zn4zm 4 года назад

That's all it is. A landscape screw with a hex and washer head. I can get practically the same product here, a 50 pack for £50. A 10 pack for £13 or so.

@tylerstevens7007 3 года назад

“I was always at the end of a drill for my dad” my aunt which is also my mom says the same thing all the time ;) only thing I’m pissed about regarding the whole thing is my flipper hand. But I love me fam.

@cooldawg2009 3 года назад

Haha

@sanjaytrasy6705 4 года назад

Thanks... Much better episode... Enjoyed all round participation of the Sharks... Keep it up.

@SirZinloos 3 года назад

Wife: I like Steve, thats why we should go with him. Lmao

@cshad9788 3 года назад

Dude was smart. If he took Steve’s deal then Glen already stayed his camping company would do something similar. At that point he would have big competition and he would have it quickly. Glenn cost him more equity but save his competition leading to more sales in the future.

@Gbmaster137 3 года назад

$55 the pack of 4, so that would be $13.75 for a regular bolt with a fancy washer? The price for 4 similar bolt without the washer is probably less than the price of one of those.

@couragewoodworks2843 3 года назад

Then just get a washer. This product blows my mind. Can’t believe anyone would pay that much when you could go by your local HD and grab a 12 inch bolt and a washer for maybe 2-3 bucks a pop. I was also surprised because they look like regular construction bolts, instead of custom bolts with larger threads to grab soil better.

@keithwhittington1322 9 месяцев назад

We call these anchor bolts, which can be found at every hardware store.

@ykkrasaoz9748 4 года назад

Guests have been totally terrified out of holding ever a firm position on their own value - 40% for such a good product and track record is ridiculous

@BigSlangVideo 2 года назад

I'm so over when it cuts to Janine and she just smiles when the entrepreneur doesn't even say anything that special

@AdamBechtol 4 месяца назад

@kithong3965 4 года назад

These guys really need to ask for more money sometimes, Glen said it wasn’t a huge investment, and he wants the 40% because he knows how well he can do with the product. So as the inventor if you willing to do 40% why not ask for more money 80k is nothing and what 40k more to an investor like glen who will definitely sell and make more money on the back end with 40% equity

@thevan3293 4 года назад

Let's hope, Nobody in the world will drill one of these pegs into an underground Electric Cable.

@LurqN- 4 года назад

Woth the traction, glen almost halved his evaluation where as Steven agreed with it but wants double his money back and only 5% equity when its payed. They both saw the potential in this, i would of went with Steve. 160k is literally nothing when his business will be doing 400-750+ in the coming years. Gives him more space for another investor. Sucks. Really does.

@simkont6793 3 года назад

My thought was just take Glen right away, he is in this business space and could make your product an instant moneymaker no need to be greedy when you have the possibility to make the company you own 60% off skyrocket with much less effort from his side. With Steve as a 5% partner I doubt he would have had much help except the loan and maybe got into some retail.

@LcZero 4 года назад

Janine doing the lil air drum lmao

@nathanhood2415 3 года назад

Glenn basically threatens them saying if he is not picked he will just make a version for his own distribution company

@joesr31 3 года назад

Well thats how the business world works. He was nice enough to tell him them tbh. He could have just done that.

@josesteel7191 3 года назад

Whats the formula of determining the business evaluation?

@adamrandles4055 4 года назад

I have to talk to my wife just so she feels included but then I’ll make a decision

@rac3r5 4 года назад

$55 bucks for 4 long screws, washers and hooks and only 75% profit?

@mattarmstrong8197 3 года назад

Not like he had a choice after Glen basically told him he'd take his idea and put him out of business.

@HelloYoutube89 2 года назад

(2:26) Janine gets pegs in hand, uses them as drum sticks. "Duum Duum Chuu"

@matthewbell4273 Год назад

I didn’t notice, well spotted. She’s cute.

@alisonb4898 4 года назад

Very backpacker wants to carry a drill with them because they’re not heavy and bulky at all .

@L17Music594 4 года назад

I think what you're looking for is a PartnÖR more than an InvestÖR

@Dieterbe 3 года назад

Yeah lol what was up with that

@mikehorb9485 3 года назад

It’s just a normal lag bolt...... like..... just go to the hardware store and buy a handful of washers too....

@cecilg.relation2537 4 года назад

12 months of hard work?? It's a damn lag bolt!!!! Can get it anywhere. 😂

@ctlspl 4 года назад

Cecil G. Relation I agree. I often wonder what people pitching at the den/tank are doing all day. It doesn’t take a lot of time to bring such a product to market.

@RiveraD1988 4 года назад

ummmmmm, doesn't work in soft sand mate, not even in grass on a windy day.

@joeymanuelruiz Год назад

I used them to anchor a deer feeder. They worked great!

@tylerstevens7007 3 года назад

“Hex head” the six sided, six lengthed head that’s one third larger and thus one third more efficient than a regular forehead, im surprised he didn’t get six offers. Great guy tho, I wish him the best

@tylerstevens7007 3 года назад

Just kidding tho he seems like a great guy I would invest in too and has an absolutely lovely and quite beautiful wife as well. Hope to see your products worldwide mate!!!

@rodrigolerenagutierrez3708 2 года назад

Got to love Aussies ✅

@lamalamalex 2 года назад

Honestly everyone talking about the offers and how’s Steve’s is “better”. Bruh like it or not, if a guy just told you that he can technically put you out of business because at the snap of a finger he can roll out the same thing, you gotta have him in your court then. That’s just brutal that Glenn was there to take advantage of his position but at the same time, he gets to bring great help to the company so. Win-win.

@jaidevnani372 4 года назад

So this guy had 138k in sales and around 75% gross profit margin meaning right around 100k gross profit. Plus he had an upward trajectory of sales. He still chose to give up 40% for 80k valuing his business at 200k. Since when do people sell equity for 2x gross PROFIT?

@Jay-ls9ju 3 года назад

I don’t understand why all the sharks missed the obvious. Go to the hardware store and buy the exact lag bolts and put a washer on the end. That would cost 2 bucks

@narcissus6158 4 года назад

Or just buy some longer bolts and washers in the local store for a couple of bucks.

@Patriot4TheTree 3 года назад

The only ones who got touched up, were the people who have paid $55 for 10 SS lag bolts. Does $55 convert to like $10 in U.S. dollars?

@ryangardner5896 3 года назад

It's a 3 dollar lag bolt. I use them all the time. 1/2 by 8 inch is under 3 dollars. I can get the washer for 1 dollar and make a killing

@JaceTan-90 4 года назад

this episode felt so clean, tick all of the boxes, and met with the perfect shark for his business. Now that's rare!

@gilesm5716 Год назад

Nah, Andrew didn't mention his contacts in America

@WILLYLYNCH. 3 года назад

You can get the same thing at your local hardware store for a quarter of the price.

@vane5736 3 года назад

It's just a lag screw except it had a big washer on it.

@gamewithadam7235 4 года назад

Is the lady in red Jenny's daughter?

@Psalm-yg6yi 2 года назад

So, am I to assume, either they don't have or don't sell large screws in Australia? Or are all these Sharks under a spell? He's literally selling large SCREWS, nothing more....

@Ihavetoreturnsomevideotapes 4 года назад

StEvE : wHaT PaRT ARe u FrOm mAtE?

@SiLoMixMaster 4 года назад

Australia is huge, the drive times between the major cities are ridiculous, Steve lives in Queensland so he won't be overly keen to invest in someone who lives in Melbourne a 20 hour drive away, sure the flight time is only 2 hours but I doubt he'd want to have to do that either.

@letsfixit1594 3 года назад

Expensive bolts!

@TheRoosje1964 7 месяцев назад

Hex Pegs is a great idea. It should also come like that but with hooks in case the tent comes with a hooking system at the edges. I like the product. Very well done.

@dinkin_flicka14 3 года назад

"where to next?" Initially the pub I think and eventually will conquer the world" 😂

@TrainFlood 4 года назад

40%?? Damn Glen. The only reason he got that was Glen all but saying “if you don’t take this deal I’m going to copy it and your business will be destroyed”.

@jonnyd8399 3 года назад

Anyone else wondering how this is different than a 10-12 inch 5/8th's lag bolt. I mean this isn't a new invention, you can go to Home Depot and just buy lag bolts.

@JETBLASTIX 2 года назад

Pretty sure Glen wanted to acquire the company

@Bearclaw_Jake 3 года назад

Bolt and washer? What am I missing?

@HiThere-fr8cn 3 года назад

why not use hexagonal bolts does the same thing

@biskitz86913 3 года назад

I swear just yesterday I watched a shark tank Australia where the product was called Hegs Pegs

@Cloud-df3hy 4 года назад

Half the fun of camping is bashing in the pegs with a mallot!! now you need to remember to charge and bring a drill.... not very camping... handy... but not camping.

@wiktormyrhagen9102 3 года назад

Steve really has a pracitcal and techy brain

@gregou9885 4 года назад

So... A huge screw?

@bootzz418 3 года назад

5 stars ...all in a row ... uno thats how it is .... love it

@webster7222 4 года назад

It works perfectly for that reason I'm out

@karansarin1986 4 года назад

8:54 Forget pegs... this guy should do ASMR! Quite a soothing voice 😄

@robertblue3795 4 года назад

Who the heck brings a drill to camping. Small market at best and certainly not at $10+ per peg.

@CDizzlePwnage 4 года назад

ya main thing i could see this for is like outdoor event set ups, concerts etc.

@ibendover4817 2 года назад

2:20 "I was always on the end of a drill for my dad" wut?..

@MartinAston00 3 года назад

Wtf... they’re screws with washers ! Some with hooks, you could just pick these up at any hardware store already.

@AveragePicker 3 года назад

Who takes a drill camping? Heck I don’t even take pegs unless I know I won’t be able to free stand the tent for some reason.

@saintofthesinners41 3 года назад

Most People That go Camping a lot and into the 4WD scene, carry a whole tool box full of battery powered tools, With how cheap camping gear is now, You dont need to slum it like a hobo.

@priceless1995 4 года назад

Smart man.. he’ll make money but sharks took a bite of me Glenn will help tho

@shakthidhasan4544 2 года назад

Did Janine try to use them as drumsticks?

@captaindadpool7904 3 года назад

I bring my power tools with me every camping trip

@marcmurphy5819 4 года назад

Andrews line was pretty funny.. Another one is ... Im the boss and I have my wife's permission to say so :D

@nicoinformatics 3 года назад

"I really like Steve..." And what's that got to do with anything? I know this was only a cut of an entire conversation but that's just the wrong thing to say in any context. It's a business deal, with a clear headed snap decision making in very short time span and when your husband needed a useful feedback you brought subjective input instead of strategic level headedness? Your feelings don't matter girl.