Tech Developer's DEMANDS Fire Up The Sharks! | Shark Tank AUS 

Nick Fotopoulos spot on observation

@@Trysonm not shit , he nailed it

I think those sharks were trying to bottom feed trying to take 33.3%, I wouldn't of given them more then 15% Naomi was getting very angry cause they didn't take her offer straight away

couldn’t have said it better

@@WTC-1990 says someone who says "wouldn't of". Naomi was completely justified. 7% was fucking ridiculous.

"I'm getting Pissy" if a grown man or woman told me this during our first meeting I think I'd immediately say "You know what? Not interested in your offer. Have a nice day" She is going to be hell to work with.

shes so annoying

@@ZeranZeran you my friend are sadly mistaken. You have never been in business and probably will never be. You get that riled up on someone saying they’re pissy? Lmaoooo mate, business partners say and do a whole lot worse. Don’t let your feelings get in the way of making money……

@@ZeranZeran also if Patrick and Tom listened to you they wouldn’t have gotten their $250k and an extremely savvy partner

@@isaactaylor1833 Isaac is getting pissy! I stand by what I said. She's a child, and so are you. What business do you run, champ? Shut da hell up

She's such a baby. "Let the children keep playing" moments later "I'm getting pissy" - I would refuse just based on her childish attitude.

@@ZeranZeran Which is why you're not and will never be there.

@@TM-un8dk If I had a good business idea, "Shark Tank" or any other tv show is the last place I would take it. You sound bitter and full of yourself. What have you invented? What business do you run? Did you make a deal with the sharks? Lmao, Shut up

Lol, that old red woman is such a woman

@@High_Priest_Jonko Compared to the babe in blue especially.

Those 15 minutes to us must have felt like 4 hours for them

It was more than 15 mins, shark tank is often heavily edited

lol

these pitches are hours long. they're edited.

I think that's because they had a great leverage, their product. Naomi was very very interested in it so she lowered her offer. Any other product wouldn't have got so much attention

@@aniketbanginwar For sure. With subjectivity and their crazy low earnings for their evaluation, I did not think they would leave with a deal. One of the more exciting pitches :)

I looked up their website, they seem to have great tech. They knew what they had.

They went from a 3.57m valuation to a 1.25m valuation. Almost 3 times less then what they originally asked for. Good deal for both parties :)

Yeah if shark tank really isn't staged, these guys negotiated better than anyone I've ever seen on the show. Probably walked in saying "We'll get em at 1.25"

Why u got triple 6 in your name dawg

@@theboys1834 why you try to force your religious views on everyone?

@@theboys1834 plot twist 666 is not actually what most people think it is do some research

😅😅🤣🤣

@Parker Haynes that, and "I'm really pissy"

The Evaluation is BS, since they do not have the Sales to Justify. 250K is no little about of money, so if you want someone to really Invest and take the "High Risk - High Reward" approach to invest in your Unproven and Theoretically Good Potential business, you cannot be Serious offering 7%.

@@agenttyson007 right but any investment is a risk, it is their decision to make the investment. While agree it should be raised to about 15% for stakes but 33.3% is ridiculous. They are all experts, so they know a good business when they see one. So to come out and say they want 33.3% is a rip off because they already know the businesses potential- hence why they were adamant about making a deal

@@Maveraxus2.0 You have to look at the Totality of the Investment, and what an Investor has to consider and look for. This is a very high risk, and based on their projections the investor wouldn't see a ROI for at least 3-4 years, IF all goes well. At this early of a stage of the business why would any sensible Investor do this, it not a "Holy Grail" product or all of them would have jumped on.

@@agenttyson007 all of them did want to jump on it, they just didn’t like having a low cut. Now renegotiating terms of % after promises are kept and revenue has increased is entirely acceptable, kinda like the deal they settled on. But if you know your products worth and have done all the research to validate it’s worth then why immediately settle for investors high percentage? If it was me, I would settled for 15-16% with options of renegotiation after consist revenue numbers and overall customer base. Especially considering yeah, it’s only cards- but it’s a new way to change the existing card process which history proves to always be progressive and worth the finance. Just look at cellphones, computers, gaming, online shopping. To make something so simple into a market for online cards (because ets face it, Americans are lazy when it comes to shopping) could b a big turn of profit

@@agenttyson007 think of it in another way using a different example. Dogecoin. Completely weird idea. 3 months ago it was worth 1/10th of a cent. Meaning if you invested $1,000 you would have a crap return. But- now it has increased to 56 cents a share. Meaning anyone who invested in it 3 months ago and kept it in there- now have big bills. Even though the idea of dogecoin didn’t seem to be worth anything due to its foolish nature- but with the public, it was such a hit to a point where it raised its share exponentially. This card business is kind of the same.

Totally second that mate

Yeah I agree completely

I hate that they dragged their feet, but they knew the shark took the bait and the fact that they stood their ground was amazing.

They’ll go nowhere. Guaranteed.

They’ll go nowhere. Right back to where they came . They have the most ignorant attitudes and immediately I couldn’t stand the way they disrespected the sharks . They are extremely young and immature. They’re lazy. I don’t blame the sharks for not wanting to budge. Frankly there’s a light on ,but no one appeared to be home . Real cards. Go fish !

He didnt really say "they know their shit" some people have a vision tho and he could tell he had that. Whether its a good deal or not is a different story, but some peoples ambition can make miracles happen so u cant discount that.

Hypocrisy at its finest.

I don't think he said it was ridiculous. He didn't get the valuation because it's a tech company. And he isn't in the tech business. But he knows tech companies tends to have these wonky valuations. I think it totally tracks logically.

@@snitox Yes tech companies are hard to evaluate bc they're ultimately an app and can scale globally over night.

They always trash the business at first to try to lower the valuation.

This is the ONLY time I've seen her make an offer.

@@B_Bodziak I think she made one on the fairy doors and the donut gift things, if you haven’t seen those

Exactly

Lol thats so true

Thats exactly what I was thinking lmao

It's "greedy" not to be willing to pay 125x total sales? Are you out of your fucking mind? For 3.75 million I can start my own card business and crush them like the cockroaches they are

It's not kinky XD Its invariably better.. If your entire partnership is based on mutual respect by getting compromise, you already made good partners. Plus, actively facing a challenge meant they know their stuff.. and thaaaaaaats more important between an investor and the management. Proof that you know your stuff and how to negotiate.

so true

Kevin O’Leary would’ve ate his breakfast son🍳 🥞

@@just_another_guy_life Thanks mate... Appreciate it.

It would be interesting but I think it would ruin the show. A lot of the "deals" they make fall through at various stages. Fpr most of these business they only gain the publicity from going on the show

I’d say like half of them don’t go through at least. You have to think, these guys are putting up 6 figures on almost every deal and they’ve only seen the pitch. They’re taking peoples word for their numbers, etc. If they just took the deals and payed the checks on the spot they’d be terrible investors and lose a shitload of money.

Yeah they have what's called a due diligence stage. Most deals drop around this stage

The US version does do that with the successful ones.

The US version of Shark Tank is even worse than Dragons' Den.

Not to mention that not every single one of them sweats that profusely out of nerves. They have to have some hot lights on them to give it that appearance

The difference between Britain and Australia

Alexander 😂😂😂

😆😆😆

Completely agree!

True, but at the same time, it doesn't mean you have to use it for every single service. You could use this service when you can't find a card for an occasion and need to have something written down. I think it's a pretty neat idea.

I'd probably use since I don't like handwriting things

Corporate/business might, for sending customer list greetings

handwritings can actually be categorized to only a handfull. If they're doing it right, there's a good chance they have a font that looks almost the same as your grandma's.

how did that go!

I guess you didn't finish the episode given SHE IS THE ONE THAT INVESTED. Now, that said, I wouldn't have worked with her after her acting that way but WTF dude?

@@ross-carlson And I guess you don't understand how the show actually works. AFTER the show, there are more negotiations and "due diligence". Yes, she occasionally made offers during the taping, BUT NEVER followed through afterwards and actually invested with one single company. Educate yourself before you comment.

@@marcgarrett5427 how can you expect people to be educated on a show that just randomly popped up in my recommendations lol

@@swisher8379 They could do the same as I did. Research online and educate themselves before replying

@@marcgarrett5427 Honestly, Marc, I couldn't imagine being in partnership with such a confrontational and opinionated commenter. I don't think I'd ever be right again talking to you, so I'm out.

403 FORBIDDEN they’re idiots there idea was good but your valuation is 💩

Because they grew up thinking they can buy anybody and anything with money

No because their valuation is shit

It’s the bloody evaluation. It’s bloody insane.

these are tactics to lowball the entrepreneurs. theyve got a good product with immense potential and they know it. well done to them

likhit chand You still haven’t. The deal didn’t go through.

You just don't watch the show enough LOL

Hegs

@@drivearabia Why didn't the deal go through?

@@DrunkenGyarados most deals never go through. there can be all sorts of things that weren't mentioned or are incompatible between the parties

Yeah !they are still very young considering the fact that they were referred to as young entrepreneurs and not young laborers.

@@fredkarleni9910 its called a joke

So what if they're late thirties? young is until 65 then you become senior citizen.🤣😂

Rick that is a dumb analogy. If 15 is young what would someone double that age be considered? Still young?

30 is pretty young to be honest considering that the new average life spam will be 90-100 soon with advanced technology.

Then she made another offer😂

She is literally crying 🤣🤣

Women didn't walk as they talked.

Channel 101 she was so hurt 😭

@Blindi Well I hope you never have a daughter , or daughter in law . You must be either b d or d !

@lucky m3x yeah how

It was actually the guys who pulled out of the investment not Naomi.

@@Sanyu-Tumusiime so the article said

They all knew 50k customers in 6 months is close to impossible. But she kept on that poker face for the sake of saving face.

😂

lol no not really.

@@jhoughjr1 you don't see the value but it is worth it for people with loved ones in other countries, ex: the child has emigrated to Sweden and the mother is in Tunisia and she's unwell; in addition to meeting her herself the card can be seen as a gesture of love as well. the product targets your emotions

@@dhruvakhera5011 You say that like they invented greetings cards when they've literally been around since the time of cavemen 💀 Personalized gift card companies have been around long before you were even born. The 'tech' he was most likely talking about was the custom fonts to look like hand writing rather than machine made buts that's literally one of the easiest things to do, there's already a million fonts and it's just as easy to make one look like actual handwriting, add some imperfection so it doesn't look robotic... Literally nothing innovative with this 'new' product.

@@DrakeOola ik i was just defending the company i wouldn't personally buy from them id just visit tunisia lol

@@dhruvakhera5011 the real problem is the tunisian in Sweden. He should go and move to tunisia permanently

You monster XD

Also Jenny, if it were Dragon’s Den: this is Dragon’s Den and for I’m reason I’m out

True

@@user-sf9gs2pg1b this joke had no promise and for that reason im out

what isThe differences between dragon den and shark tank?

Don’t use the lords name in vain

@@theboys1834 Jesus forgives so I'm sure he doesn't mind. Especially considering his name is Yeshua.

@@infiniteshay8660 I'm guessing that excusing 4 centuries of crusading/murdering "in the name of Jesus" is probably using it in vain.... Saying it seems like pissing in the wind after that history lmao

@@THEedcbb3 I cant tell if you're agreeing with me or criticizing me.

@@infiniteshay8660 agreeing, strongly agreeing. Apologies if the wording was iffy

That's the thing! you start crazy, sharks counter crazy then they find the middle ground.

You give them a fair % and then they devalue you further, I've seen it happen all the time you can see them trying to get 33.3% from 7%, they would of been trying to get 50% from 20%, there not fair, they are bottom feeders compared to the US shark which are alot more fair even Kevin's Royalty deal would of been better for them he would of only wanted to take 5% and Cuban has more money then god so he would of said 15% done deal

they werent looking for 7%. Its called strategy boi

Higher you start, higher you end.

google.com Print On Demand Market Cap u will have to search for it but after you found you can watch out for personalized Print on demand, i would say its a good for the small entrepreneur ok but 10 % ist pretty a fair deal 15% its like closed to robbing out but 20% is just Criminal. but hey 250k^^^^^^^^^^^^ OMG its real hard suffer to see how deep some kinda people going down for that Bills its so poor. Educate Yourself. I would highly recommend to everyone who wants to be an entrepreneur to read Rich Dad, Poor Dad understand what money is and how do you use it. Than do your Business makes a 100% more realistic to succeed. And dont get robbed like this here.

For sure

they got a deal and advertisement from shark tank, gg

snJtiu Y. [Comment reposter] lmfao

@@johnnyfrankenstein0123 the deal didn't go through

The

Trick is the patented software to humanize the texts. Silly but probably the most valuable part they have.

@@asdasd-ni8eg exactly. the patent is as valuable as the entire business in its own regard

They didn't invest in it at near 4 million though, the valuation of the end deal was $1.25 million

@@Jordan-ug7yk but it is a hard thing to value. Im not suprised steve was interested but i am suprised they made a deal.

@@DrunkenGyarados Which is still completely over the top when you've made 9 grand in profit.

Nobody: Naomi: this is my final offer and the LAST TIME IM GONNA SPEAK also naomi: YOU KNOW YOU WANT ME 🤣

Well the funding never happened

How is that a good argument though? Many multi-million dollar businesses had zero startup capital from the creator - does that make their value zero? The money you personally put in means nothing to it’s valuation, it’s the current quality of the business and it’s projection.

@@goodkisser8591 because its still in the beginning stages. Its not a multi million dollar business when this was shown. Any start up COULD turn into a multi million dollar business. You invest in the company's situation right now, not in what it might do in ten years. Thats why so many of these people that come in with outrageous evaluations don't get investment deals done.

@@goodkisser8591 the creator doesn't necessarily have to have start up capital, they have already put in the sweat equity that could be transformed into a dollar figure. These guys are looking for the sharks capital, time and contacts while not wanting to give anything in return.

Sheldon Ferguson you’re still ignorant to how this works. If they invested and spent 20 million dollars of their own cash and were still at the same stage that’s no different to spending 0 dollars. The self investment is meaningless, only the growth it’s made and where the business is at.

@@goodkisser8591 exactly my point! This business hasn't made ANY money at this point, who knows where is going and these guys haven't put nearly as much as what their asking for making their evaluation ridiculous as I said in my original point!!! You call me ignorant and yet you can't grasp a simple point! I'm sorry I didn't spell it out clearly enough!

We already have that software for free 😩 😩

Yeah they almost seem to be enjoying the haggling

The US sharks would have told them to get the fuck out as soon as they asked for 125 times sales. There is no offer you can give them that makes sense

have you even known a female go mute when she had something to say

at least she actually made a deal this time

@@JewTube001 I think she's made a few deals

Neenab Zamro hey if it 35k in sales with a month or two then that is actually very promising. Don’t be a hater

m999 yes but at the same time many companies start off good and then die out just like some companies start off bad and they turn into multimillion companies.

On the other hand,if the sales were 10X they would not need a shark and that is what I would have done if I were them.Who knows if they waited a couple of months they might have had the sales to finance every thing themselves.

@@Zico20 how is he a hater

Nothing last long... Even the business is on track for 2 years doesn't mean it isn't going to die out.. This is not potential business

50k by the 6 month mark, dude. Did you miss that?

JGirDesu you clearly didn’t watch the video

@@hxhxhx91 clearly, you have alzheimers

Agreed with the previous replies but also just look at Kickstarter fails if you want to know what happens to companies who get too many customers and don't have the supply. I'm sure 50,000 is exactly what they wanted to grow but not overwhelm their business.

@kevin k Bruh, this comment is from 2-3 months ago. I'm not gonna rewatch the video to fact-check you/me. Don't reply to comments more than a week old if you actually want someone to respond to you reasonably.

A patent is nice, but at the end of the day all it really means is somebody can't come out with the same thing a month from now and steal business. Them having one was drastically overshadowed by their terrible valuation and low-ball equity offer.

You mean after she tried to steal their company? Deal didn't go through either they found a better investor after

@@midas6753 legit 30% for just a card company

Yah they could easily be broke tomorrow at least they know that

And for that reason they are out.

@Raj Sharma network doesn't mean they have 300 mil

@Raj Sharma that's mostly assets, not cash money.

thanks