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- These are the sharks--
- five powerful,
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self-made investors
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worth billions.
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Tonight they will
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make or break the dreams
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of hopeful entrepreneurs.
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♪♪♪♪♪
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In the tank, the sharks
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are ready to invest
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using their own money,
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but only for the right person
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with the right idea.
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- We put all our blood, sweat
- and tears into that company.
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Don't cry about money.
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It never cries for you.
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In the worst economic times
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since the great depression,
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- the sharks are the last chance
- for entrepreneurs
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to get the financial backing
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they desperately need.
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The offer's $1 million
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for 10%.
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What?!
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- Why are you being
- so greedy?
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I've made you a good offer.
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What are you gonna do about it?
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Do you want it?
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Yes
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who are the sharks?
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- Kevin O'Leary
- knows how to make money.
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He started a software business
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in his basement,
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- Kevin o'leary which he eventually sold -
knows how to make money. for $3.2 billion.
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Barbara corcoran--
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this fiery real estate mogul
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turned a $1,000 loan
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into a real estate empire
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worth hundreds of millions
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in the shark-filled city
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of Manhattan.
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- Kevin harrington
- is the king of infomercials.
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- His gehis marketing
- of products
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such as the Obama coin
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and the rock 'n roll stepper
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- have amassed
- billions of dollars in sales.
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Daymond John literally turned
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rags to riches
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with his clothing brand fubu,
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which has grossed over
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$6 billion
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in worldwide retail sales
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to date.
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- And Robert herjavec, wc, whod
- his Internet companies
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for over $350 million.
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Now this self-made
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technology magnate
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is a venture capitalist
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and runs
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his own software company.
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If the sharks hear a good idea,
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they'll fight each other
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- for a piece of it. - Robert just offered you nothingno, I didn't.
- And told you to pound sand. I didn't do that.
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I gave him a shot at the brass
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ring. you're giving him nothing.
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But first the entrepreneurs
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must convince the sharks
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to est the full amount
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their asking for
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- or they'll walk away - with nothing.
- Would you consider--
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if you do counter,
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I will counter.
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- That's what I love
- about money.
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It has no soul.
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It doesn't care.
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♪♪♪♪♪
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♪ the best things
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in life are free ♪
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♪ but that ain't really
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good enough for me ♪
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♪ I need money ♪
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♪ that's what I want ♪
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♪ that's what I want ♪
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♪ that's what I want ♪
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♪ that's what I want ♪
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♪ that's what I want ♪
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♪ what I want ♪
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♪ that's what I want ♪
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- First into the shark tank
- is tod Wilson,
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who has been unable to get
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a loan anywhere else.
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He has come to the shark tank
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for his last chance
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to get the money he needs
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to grow his business.
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♪♪♪♪♪
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I'm tod Wilson
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from somerset, New Jersey.
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I'm the owner
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of Mr. tod's pie factory.
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Can I have a personal
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sweepotato pie?
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Would you like anything else?
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There's a big demand
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for our pies,
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especially the little
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sweet potato pie.
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The people a are lin up today.
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It's freezing outside,
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so they want something
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warm and tasty.
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- A lot of people talk about
- making fresh pies.
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- We actually do that. These are
- raw north Carolina jumbo yams.
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- We process anywhere from,
- you know,
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- 5,000 to 6,000 pounds
- of yams a week.
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We're here at the pie factory.
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- I got a fresh batch of pies
- coming out the oven--
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some hot apple pies.
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We sell over 3,000 pies a day,
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all going through
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this one oven.
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Good afternoon.
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Mr. tod's pie fae fact
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pies are my livelihood. I mean,
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this is what I do for a living.
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I take it very serious.
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- When I first started,
- I was eager, I was younger,
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I made some bad decisions--
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bad decisions
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that cost me everything.
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Okay, how you like your coffee?
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I've sacrificed a whole lot.
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I'm on my third bank loan.
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That's not an option anymore.
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So I have no other resources.
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I'm just tapped out.
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Do you have
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any coconut today?
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Right now I just need
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- someone like the sharks
- to believe in me.
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Okay, man. Good seeing you,
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all right?
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♪♪♪♪♪
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Let's give everybody
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some pies.
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- Hello.
- My name is tod Wilson.
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I'm from somerset, New Jersey.
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In exchange for $460,000,
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I'm offering you a 10% stake
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- in America's
- next greatest food brand--
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Mr. tod's pies.
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Thank you.
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Got some great samples
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for you today--
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sweet potato pie--
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wo what is that?
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What did I just try, tod?
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That is the, uh,
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buttermilk coconut pie.
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Coconut custard.
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That is fantastic.
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Thank you very much.
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We've got sweet potato
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up there, pecan,
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chocolate pecan.
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And as you can see,
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I believe in my product.
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Mmm.
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Who is
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the walking stuffed guy?
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And as you can see,
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I believe in my product.
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That's Mr. pie man.
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Mmm. he's part of the brand.
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Where are you selling these
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right now?
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Well, right now, our major
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market is on the wholesale side,
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and we sell a sweet potato pie,
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and this is what has made me
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a local brand in the area.
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This is real stuff,
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to the tune
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of almost $1 million in sales
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last year selling these pies.
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Come on. Hang on. You got
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$1 million in sales last year?
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$850,000, sir.
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Did you make money
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on your $850,000 in sales?
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Yes, sir. We've been averaging
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about 20% a year net income.
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Really?
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- Yes, sir. We're a wholesale
- and retailer.
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- So--so, tod, you're selling
- these pies,
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you're doing a million a year--
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$850,000--
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you got a cute little mascot
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who follows you around.
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'S the problem?
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Why are you here?
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- Well, the problem is, I can't
- keep up with the demand.
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- I've got everybody from, uh,
- national food service chains
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to local and national
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fast-food restaurants
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that want to carry the product,
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in particular,
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my sweet potato pie.
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That's my bell cow.
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- What percentage of y your
- 800-plus thousand in sales
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is the sweet potato pie?
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Well, the sweet potato pie
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represents 94%
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of my wholesale business,
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which is about 50%
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of the $850,000.
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So half of the revenue
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comes from one flavor?
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That's correct, sir.
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How many flavors
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do you have?
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Over 30.
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Why?
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Well, we're a wholesale
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and a retailer.
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- Yeah, but it's so clear
- right away here
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that if you are
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the sweet potato pie guy,
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that's all you need to be.
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What's the unique aspect
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of the pies?
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It's a family recipe.
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- It's a recipe that my mother
- and I have been working on
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for the last 15, 20 years.
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Once you get the money,
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are you gonna build a new oven?
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What are you gonna do?
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The majority of the money--
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approximately $300,000--
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- will go towards outfitting
- a production facility.
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Uh, we also want to get
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some type of street team level,
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um, marketing going
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where we go out into the cities
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and push our pies.les.
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How did you get into the pies?
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I got in
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through the pie business
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because my competitor--
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- I helped him start that business
- prior to going to college.
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When I finished college,
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I decided it was time for me
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to move out on my own.
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My first time out, I got
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an m.B.A. In the streets
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when I realized I started off
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too big too soon.
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I spent the next four months
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living in my car.
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I regrouped,
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got myself back together,
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and I said, "lord,
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give me another chance."
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- And with the--
- six, seven years later,
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I've got two locations
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and a bobooming wholesale business.
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Tod, don't cry about money.
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It never cries for you.
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Kevin's wrong.
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If you're emotional
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and you're great at something,
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the money will fwillw.
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Yes.
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I think you're not doing this
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for the money.
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You did this to prove something
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and you're successful because
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you're passionate about it.
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Let the guy cry about it.
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The guy loves what he does.
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What's wrong with that?
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Make no mistake.
282
00:07:39,461 --> 00:07:41,438
I am here to make money.
283
00:07:43,415 --> 00:07:46,380
- But I'm a businessman, too. - I might be a nice guy, this
is a professional - a little overweight, business--wholesale.
284
00:07:46,383 --> 00:07:47,863
You don't sell to kids
285
00:07:47,864 --> 00:07:49,344
on the street. Why the mascot?
286
00:07:49,345 --> 00:07:50,334
We take the pie man
287
00:07:50,335 --> 00:07:51,322
into the schools.
288
00:07:51,323 --> 00:07:53,299
- We have a program--
- pies for good grades.
289
00:07:53,302 --> 00:07:55,275
These are the things that
290
00:07:55,276 --> 00:07:57,253
- have helped make me successful
- the second time around.
291
00:07:57,256 --> 00:07:58,735
They told me don't spend that
292
00:07:58,736 --> 00:08:00,217
kind of money on that mascot.
293
00:08:00,218 --> 00:08:02,194
And it's--it's been phenomenal.
294
00:08:02,195 --> 00:08:03,677
It's given me my money back
295
00:08:03,678 --> 00:08:05,159
a hundred times over.
296
00:08:05,160 --> 00:08:07,136
Do you have hard-copy orders
297
00:08:07,137 --> 00:08:08,620
with people saying,
298
00:08:08,621 --> 00:08:10,101
"here, here's an order,"
299
00:08:10,102 --> 00:08:11,091
that you can't meet
300
00:08:11,092 --> 00:08:12,079
production on?
301
00:08:12,080 --> 00:08:13,562
Well, there is a very big
302
00:08:10,663 --> 00:08:12,143
national fast-food account.
303
00:08:12,144 --> 00:08:13,627
It's gonna allow us to open up
304
00:08:13,628 --> 00:08:15,109
a Mr. tod's kiosk
305
00:08:15,110 --> 00:08:17,086
- within their store.
- What is the name of the chain?
306
00:08:17,089 --> 00:08:19,062
McDonald's.
307
00:08:19,063 --> 00:08:21,039
What?! McDonald's?
308
00:08:21,040 --> 00:08:23,016
This sweet potato pie
309
00:08:23,017 --> 00:08:24,500
is to the Southern United States
310
00:08:24,501 --> 00:08:25,981
and African-American community
311
00:08:25,982 --> 00:08:26,971
what the bagel is
312
00:08:26,972 --> 00:08:27,959
to the suburbs.
313
00:08:27,960 --> 00:08:29,936
- Fast-food chains
- like McDonald's
314
00:08:29,939 --> 00:08:32,900
do the majority of theirofbusiness
in inner-city markets.
315
00:08:32,901 --> 00:08:34,878
- They need to have a product
- on their menu board
316
00:08:34,881 --> 00:08:36,855
- that's representative
- of the people
317
00:08:36,858 --> 00:08:38,831
who do business with them.
318
00:08:38,832 --> 00:08:39,820
Tod, I like you,
319
00:08:39,821 --> 00:08:40,810
I-I love the story...
320
00:08:40,386 --> 00:08:41,868
Uh, but I'm not gonna
321
00:08:41,869 --> 00:08:43,350
give you the money.
322
00:08:43,351 --> 00:08:45,644
- And I'll tell you why I'm not
- gonna give you the money.
323
00:08:46,316 --> 00:08:48,292
I'm afraid if I give you the money,
324
00:08:48,293 --> 00:08:49,281
- you're gonna
- start cutting corners
325
00:08:49,284 --> 00:08:50,764
and trying to expand too quickly
326
00:08:50,765 --> 00:08:52,246
again like you did before.
327
00:08:52,247 --> 00:08:53,235
And--and I'm not sure
328
00:08:53,236 --> 00:08:54,223
that this business
329
00:08:54,224 --> 00:08:56,200
- can be ramped up
- by an infusion of cash.
330
00:08:56,203 --> 00:08:59,167
For that reason, I'm out.
331
00:09:02,131 --> 00:09:05,096
- Tod, I would wanti would whack - 51% of your
company, maybe more. the stuffed pie guy.
332
00:09:05,099 --> 00:09:07,073
- He's an ex--
- he's a cost I don't need.
333
00:09:07,076 --> 00:09:09,050
- And I would try
- and drive margins
334
00:09:09,053 --> 00:09:10,532
just wholesaling one skew--
335
00:09:10,533 --> 00:09:12,014
sweet potato pieta
336
00:09:12,015 --> 00:09:13,992
your sales would be cut in half.
337
00:09:13,993 --> 00:09:15,968
You'd make a lot more money.
338
00:09:15,969 --> 00:09:17,945
I don't get emotional about pie.
339
00:09:17,946 --> 00:09:18,934
- I don't get emotional
- about t money.
340
00:09:18,937 --> 00:09:20,417
I just want to make more of it,
341
00:09:20,418 --> 00:09:21,898
and that's how to do it.
342
00:09:21,899 --> 00:09:23,382
But it doesn't fit your world,
343
00:09:23,383 --> 00:09:24,864
so I'm out.
344
00:09:24,865 --> 00:09:26,841
Thank you, sir.
345
00:09:26,841 --> 00:09:28,324
You know, tod, $460,000
346
00:09:28,325 --> 00:09:29,806
for 10% gives you a...
347
00:09:29,807 --> 00:09:33,759
About a $4.6-million value
348
00:09:33,760 --> 00:09:34,749
that you're putting on--
349
00:09:34,750 --> 00:09:35,737
on your business,
350
00:09:35,738 --> 00:09:37,220
and that's
351
00:09:37,221 --> 00:09:38,702
a-a tremendous multiple.
352
00:09:38,703 --> 00:09:39,691
So on that basis,
353
00:09:39,692 --> 00:09:40,680
I'm out also.
354
00:09:42,656 --> 00:09:44,632
Three sharsharks out.
355
00:09:44,633 --> 00:09:46,116
Tod only has two more chances
356
00:09:46,117 --> 00:09:47,597
to keep his business alive.
357
00:09:47,598 --> 00:09:52,540
Barbara...
358
00:09:52,541 --> 00:09:57,483
Daymond...
359
00:09:57,484 --> 00:10:02,424
What do you want to do?
360
00:10:02,425 --> 00:10:04,401
Re out.
361
00:10:04,402 --> 00:10:05,884
Barbara and daymond
362
00:10:05,885 --> 00:10:07,366
are still in.
363
00:10:07,367 --> 00:10:10,331
Will one of them give Mr. tod
364
00:10:10,332 --> 00:10:11,321
the financing
365
00:10:11,322 --> 00:10:12,309
he desperately needs?
366
00:10:10,332 --> 00:10:12,308
Barbara...
367
00:10:12,309 --> 00:10:14,285
Daymond...
368
00:10:14,286 --> 00:10:17,250
What do you want to do?
369
00:10:17,251 --> 00:10:18,240
I'm not out,
370
00:10:18,241 --> 00:10:19,228
but I Don'don't to go in
371
00:10:19,229 --> 00:10:20,711
for as much money as you need,
372
00:10:20,712 --> 00:10:22,192
so who do we have left?
373
00:10:22,193 --> 00:10:24,170
- How about you, daymond?
- Can you come in with me on this?
374
00:10:24,173 --> 00:10:26,147
Because can I tell you? I love
375
00:10:26,148 --> 00:10:28,123
what I hear. And I have no doubt d
376
00:10:28,124 --> 00:10:29,606
you don't have to learn
377
00:10:29,607 --> 00:10:31,088
the same lesson twice.
378
00:10:31,089 --> 00:10:32,573
So I'd like to go in for half,
379
00:10:32,574 --> 00:10:34,055
but I need twice the equity.
380
00:10:35,043 --> 00:10:37,020
230 I can give you,
381
00:10:37,021 --> 00:10:38,996
but t I want0% for that.
382
00:10:38,997 --> 00:10:40,973
Daymond?
383
00:10:42,950 --> 00:10:44,926
You know what?
384
00:10:44,927 --> 00:10:46,410
This is a-a very tough
385
00:10:46,411 --> 00:10:47,891
decision for me to make
386
00:10:47,892 --> 00:10:49,868
because you remind me of me.
387
00:10:49,869 --> 00:10:51,352
But I would need
388
00:10:51,353 --> 00:10:52,834
50% of the company.
389
00:10:55,800 --> 00:10:57,282
And then if you want to go in
390
00:10:57,283 --> 00:10:58,764
half, we'll go half on it.
391
00:10:58,765 --> 00:11:00,248
But I would also need
392
00:11:00,249 --> 00:11:01,729
d ee orders, real orders.
393
00:11:01,730 --> 00:11:03,213
Because how are your customers
394
00:11:03,214 --> 00:11:04,695
paying you at the moment?
395
00:11:04,696 --> 00:11:06,178
On the wholesale side,
396
00:11:06,179 --> 00:11:07,660
it's mostly, uh, cash.
397
00:11:07,661 --> 00:11:09,637
Cash customers.
398
00:11:09,638 --> 00:11:11,120
That cash, in this--in this
399
00:11:11,121 --> 00:11:12,602
economy, is gonna dry up.
400
00:11:12,603 --> 00:11:14,086
Well, I certainly understand
401
00:11:14,087 --> 00:11:15,567
what you're saying, sir.
402
00:11:15,568 --> 00:11:17,051
Uh, you know, I I recent read,
403
00:11:17,052 --> 00:11:18,533
uh, an article in a magazine,
404
00:11:18,534 --> 00:11:19,522
and it talked about
405
00:11:19,523 --> 00:11:20,510
the seven best industries
406
00:11:20,511 --> 00:11:22,487
- for the recession, and one
- of them was comfort foods.
407
00:11:22,490 --> 00:11:24,464
- I'd like to say,
- when we're not feeot f good,
408
00:11:24,467 --> 00:11:26,441
- we're feeling a little down,
- you go get something
409
00:11:26,444 --> 00:11:28,418
- that makes you feel
- a little better.
410
00:11:28,421 --> 00:11:29,901
And that's
411
00:11:29,902 --> 00:11:31,383
what Mr. tod's pies does.
412
00:11:28,419 --> 00:11:31,382
Tod, stop for a second.
413
00:11:31,383 --> 00:11:33,359
Who doesn't love pie?
414
00:11:33,360 --> 00:11:35,337
- Stop for a second, 'cause this
- is one of those moments.
415
00:11:35,340 --> 00:11:36,819
You gotta really think about
416
00:11:36,820 --> 00:11:38,301
this, 'cause you're a good guy.
417
00:11:38,302 --> 00:11:39,785
I don't want you to leave here
418
00:11:39,786 --> 00:11:41,266
and make a mistake.
419
00:11:41,267 --> 00:11:43,244
You came in here
420
00:11:43,245 --> 00:11:45,220
only ready to give up 10%.
421
00:11:45,221 --> 00:11:46,209
If you accept their offer,
422
00:11:46,210 --> 00:11:47,692
you'll be giving up
423
00:11:47,693 --> 00:11:49,175
half of your company.
424
00:11:51,152 --> 00:11:54,117
Think about it.
425
00:11:56,094 --> 00:11:58,070
Would you consider,
426
00:11:58,071 --> 00:11:59,059
in exchange for me
427
00:11:59,060 --> 00:12:00,047
accepting that form--
428
00:12:00,048 --> 00:12:01,530
if you do counter,
429
00:12:01,531 --> 00:12:03,012
I will counter.
430
00:12:03,013 --> 00:12:04,989
Ooh.
431
00:12:04,989 --> 00:12:06,965
I like that.
432
00:12:06,966 --> 00:12:08,943
How do you like those pies?
433
00:12:08,944 --> 00:12:10,919
Yeah. see? All of a sudden,
434
00:12:10,920 --> 00:12:12,897
- the old fun, emotional stuff--
- out the window.
435
00:12:12,900 --> 00:12:14,380
That's what I love
436
00:12:14,381 --> 00:12:15,861
about money--
437
00:12:15,862 --> 00:12:17,345
no emotions, no tears,
438
00:12:17,346 --> 00:12:18,827
just reality.
439
00:12:22,781 --> 00:12:25,252
Are you gonngonna us
440
00:12:25,253 --> 00:12:27,722
an answer?
441
00:12:27,723 --> 00:12:28,712
Yes or no?
442
00:12:32,665 --> 00:12:33,654
I'll take it.
443
00:12:33,655 --> 00:12:35,630
Great.
444
00:12:35,631 --> 00:12:36,619
All right.
445
00:12:36,619 --> 00:12:37,608
Congratulations, tod.
446
00:12:37,609 --> 00:12:39,090
Thank you very much.
447
00:12:39,091 --> 00:12:40,572
Yeah.
448
00:12:40,573 --> 00:12:42,550
- That's great, tod.
- I don't even like sweet potato,
449
00:12:42,553 --> 00:12:44,526
- but I'm happy to be in.
- Thank you very much.
450
00:12:44,529 --> 00:12:46,503
- Thank you. Mm.
- All right.
451
00:12:46,506 --> 00:12:48,480
- Congratulations, man.
- My pleasure.
452
00:12:48,483 --> 00:12:49,963
Good luck to you, tod.
453
00:12:49,964 --> 00:12:51,444
Good job, tod.
454
00:12:51,445 --> 00:12:52,928
Good luck
455
00:12:52,929 --> 00:12:54,411
to you as well. Whoo!
456
00:12:51,445 --> 00:12:54,411
I still whack the pie guy.
457
00:12:56,388 --> 00:12:57,376
It was tough giving up
458
00:12:57,377 --> 00:12:58,364
half my company,
459
00:12:58,365 --> 00:13:00,340
but it saved my business,
460
00:13:00,341 --> 00:13:01,824
and it's gonna help
461
00:13:01,825 --> 00:13:03,306
take it to the next level.
462
00:13:03,307 --> 00:13:04,295
♪♪♪♪♪
463
00:13:04,296 --> 00:13:06,271
Next up is Darrin Johnson,
464
00:13:06,272 --> 00:13:08,249
- who hopes
- his innovative new product
465
00:13:08,252 --> 00:13:09,731
will send the sharks
466
00:13:09,732 --> 00:13:11,214
into a frenzy.
467
00:13:16,156 --> 00:13:18,132
My name is Darrin Johnson,
468
00:13:18,133 --> 00:13:20,109
and I'm here today
469
00:13:20,110 --> 00:13:21,592
to explain the ionic ear
470
00:13:21,593 --> 00:13:23,074
investment opportunity.
471
00:13:23,075 --> 00:13:24,558
How much money
472
00:13:24,559 --> 00:13:26,039
are you looking for?
473
00:13:26,040 --> 00:13:28,018
I'm looking for $1 million
474
00:13:29,006 --> 00:13:30,488
for a 15r a nership stake
475
00:13:30,489 --> 00:13:31,971
in the technology.
476
00:13:29,006 --> 00:13:31,970
Oh, yeah.
477
00:13:31,971 --> 00:13:32,959
What we have developed
478
00:13:32,960 --> 00:13:34,442
is an implantable
479
00:13:34,443 --> 00:13:35,924
Bluetooth technology.
480
00:13:35,925 --> 00:13:37,901
If you've ev--are one of
481
00:13:37,902 --> 00:13:39,877
the 40% of the users
482
00:13:39,878 --> 00:13:40,867
of Bluetooth technology
483
00:13:40,868 --> 00:13:41,855
that currently own it,
484
00:13:41,856 --> 00:13:43,832
- you know that just
- the natural rhythm
485
00:13:43,835 --> 00:13:45,809
- walking many times
- es perspiration--
486
00:13:45,812 --> 00:13:47,291
the technology
487
00:13:47,292 --> 00:13:48,773
will fall off your ear.
488
00:13:48,774 --> 00:13:49,763
If you answer the call
489
00:13:49,764 --> 00:13:50,751
too quickly,
490
00:13:50,752 --> 00:13:52,727
many times
491
00:13:52,728 --> 00:13:53,716
the Bluetooth device
492
00:13:53,717 --> 00:13:54,705
will become dislodged.
493
00:13:54,706 --> 00:13:56,681
I'm sorry.
494
00:13:56,682 --> 00:13:58,164
Where are you implanting this,
495
00:13:58,165 --> 00:13:59,646
into a--into another device?
496
00:13:59,647 --> 00:14:00,635
What are you
497
00:14:00,636 --> 00:14:01,624
implanting this into?
498
00:14:01,625 --> 00:14:03,600
- No, it's actually going
- into your ear.
499
00:14:03,603 --> 00:14:05,083
In your ear how?
500
00:14:05,084 --> 00:14:06,565
You're pushing it in?
501
00:14:06,566 --> 00:14:08,048
If I could direct your attention
502
00:14:08,049 --> 00:14:09,530
to the first slide.
503
00:14:09,531 --> 00:14:10,519
Here is
504
00:14:10,520 --> 00:14:11,508
the surgery locations.
505
00:14:11,509 --> 00:14:13,485
- This is just underneath
- the earlobe.
506
00:14:13,488 --> 00:14:15,461
The surgery location?
507
00:14:15,462 --> 00:14:16,450
This is--
508
00:14:16,451 --> 00:14:17,438
this is surgery.
509
00:14:17,439 --> 00:14:19,415
- You would be
- under anesthesia.
510
00:14:19,418 --> 00:14:21,392
God.
511
00:14:23,369 --> 00:14:24,852
You guys are so closed-minded.
512
00:14:24,853 --> 00:14:26,333
Please let him finish.
513
00:14:26,334 --> 00:14:27,323
Okay, okay.
514
00:14:27,324 --> 00:14:28,311
Thank you. Tha thank.
515
00:14:28,312 --> 00:14:30,288
- At the base of the device
- is a battery.
516
00:14:30,291 --> 00:14:32,265
- Within its center
- are Bluetooth electronics.
517
00:14:32,268 --> 00:14:34,241
And at its tip,
518
00:14:34,242 --> 00:14:37,207
- within its center a microphone, a speaker - are
Bluetooth electronics. and an a.C. Charging port.
519
00:14:37,210 --> 00:14:39,184
- Stop right there.
- The charge is--
520
00:14:39,187 --> 00:14:41,160
back to surgery 101.
521
00:14:41,161 --> 00:14:42,149
Okay. sure.
522
00:14:42,150 --> 00:14:43,632
Darrin, we're gonna--
523
00:14:43,633 --> 00:14:45,113
we're gonna operate on people.
524
00:14:45,114 --> 00:14:47,090
Yes, we are.
525
00:14:47,091 --> 00:14:48,574
Huh.
526
00:14:48,575 --> 00:14:50,056
We're gonna stick something
527
00:14:47,091 --> 00:14:50,055
in near their brain.
528
00:14:50,056 --> 00:14:51,539
No, no, no, no.
529
00:14:51,540 --> 00:14:53,022
We may not puncture
530
00:14:50,056 --> 00:14:53,021
their ear--
531
00:14:53,022 --> 00:14:54,504
you know what? I-i can sum up
532
00:14:54,505 --> 00:14:55,986
where I stand on this already.
533
00:14:55,987 --> 00:14:57,470
It's pretty disturbing
534
00:14:57,471 --> 00:14:58,951
and it freaks me out.
535
00:14:58,952 --> 00:15:01,917
I'm already out.
536
00:15:01,918 --> 00:15:03,894
- Darrin, how do I charge it
- every night?
537
00:15:03,897 --> 00:15:05,377
So we have the--
538
00:15:05,378 --> 00:15:06,859
the a.C. Charging port.
539
00:15:06,860 --> 00:15:08,342
So you stick that
540
00:15:08,343 --> 00:15:09,824
needle in your head every night
541
00:15:09,825 --> 00:15:10,813
to charge it?
542
00:15:10,814 --> 00:15:11,802
Yes, you would.
543
00:15:11,803 --> 00:15:13,779
- Okay, one little thing. - Whoa, whoa,
- whoa, whoa. Hang on.
544
00:15:13,782 --> 00:15:16,743
Are you... seriously?
545
00:15:16,744 --> 00:15:17,732
Like, seriously--a needle?
546
00:15:17,733 --> 00:15:19,215
It's like
547
00:15:19,216 --> 00:15:20,697
a small q-tip cylinder
548
00:15:20,698 --> 00:15:21,686
that would dock
549
00:15:21,687 --> 00:15:22,674
with the charging port.
550
00:15:22,675 --> 00:15:24,651
What happens if you miss?
551
00:15:24,652 --> 00:15:26,628
The target's built
552
00:15:22,674 --> 00:15:26,627
so that you can't miss.
553
00:15:26,628 --> 00:15:28,605
You can't miss? Really?
554
00:15:28,606 --> 00:15:30,582
Sure. there's going to be
555
00:15:26,628 --> 00:15:30,581
safety features built into it.
556
00:15:30,582 --> 00:15:32,559
- Darrin, I need to be clear
- on this before I write you off
557
00:15:32,562 --> 00:15:35,524
- as a nut job, jobwhich I'm trying not to do.
- Okay. I appreciate that.
558
00:15:35,527 --> 00:15:37,500
But I have to understand--
559
00:15:37,501 --> 00:15:38,984
a team of doctors implant it
560
00:15:38,984 --> 00:15:40,466
in your neck below your ear...
561
00:15:40,467 --> 00:15:42,444
Sure.
562
00:15:42,445 --> 00:15:44,420
And then you stick something
563
00:15:40,467 --> 00:15:44,419
in your ear in the evening,
564
00:15:44,420 --> 00:15:46,397
- something, what, commensurate--
- something that's the size
565
00:15:46,400 --> 00:15:48,374
- of a q-tip or smaller
- to charge it every night?
566
00:15:48,377 --> 00:15:50,350
- Something that's
- the size of a q-tip--
567
00:15:50,353 --> 00:15:51,833
a cylinder that delivers a.C.
568
00:15:51,834 --> 00:15:53,315
Charge at a very trickle, low--
569
00:15:53,316 --> 00:15:54,304
Darrin, I'm out.
570
00:15:54,305 --> 00:15:56,281
H-how do I do an upgrade? I go
571
00:15:56,282 --> 00:15:58,257
back and get another operation?
572
00:15:58,258 --> 00:15:59,246
Well, you--you would
573
00:15:59,247 --> 00:16:00,235
have to go ingo
574
00:16:00,236 --> 00:16:02,211
- and receive
- an additional operation.
575
00:16:02,212 --> 00:16:03,200
- Do you see
- a problem with that?
576
00:16:03,203 --> 00:16:05,177
- Sure. there--there--
- certainly, there is issues.
577
00:16:05,180 --> 00:16:06,659
Darrin, I have a problem
578
00:16:06,660 --> 00:16:08,141
with t that. Im out.
579
00:16:08,142 --> 00:16:09,625
This is the weirdest damn thing
580
00:16:09,626 --> 00:16:11,107
I ever heard.
581
00:16:08,142 --> 00:16:11,106
Oh.
582
00:16:11,107 --> 00:16:12,096
The first time that you
583
00:16:12,097 --> 00:16:13,084
heard of breast implants,
584
00:16:13,085 --> 00:16:14,567
what did you think?
585
00:16:14,568 --> 00:16:16,048
I love it.
586
00:16:16,049 --> 00:16:18,025
Right. okay.
587
00:16:18,026 --> 00:16:19,509
But as a woman--
588
00:16:19,510 --> 00:16:20,991
as a woman, would it be...
589
00:16:20,992 --> 00:16:21,980
Bluetooth breasts!
590
00:16:21,981 --> 00:16:22,968
Something that you would
591
00:16:20,992 --> 00:16:22,967
immediately want to do?
592
00:16:22,968 --> 00:16:24,451
Or would it take market
593
00:16:24,452 --> 00:16:25,933
acceptance and a lot of testing
594
00:16:25,934 --> 00:16:27,911
- and a lot of medical trials
- before people accepted the idea?
595
00:16:27,914 --> 00:16:29,393
Okay, all right. Have you
596
00:16:29,394 --> 00:16:30,875
told anybody else
597
00:16:30,876 --> 00:16:32,358
except us in the roo roomabout this?
598
00:16:32,359 --> 00:16:33,840
Yes, I have.
599
00:16:33,841 --> 00:16:35,818
- And you're still
- walking around free, I see.
600
00:16:35,821 --> 00:16:37,794
Sure.
601
00:16:37,795 --> 00:16:39,277
Don't call me.
602
00:16:39,278 --> 00:16:40,759
I'll call you. I'm out.
603
00:16:40,760 --> 00:16:41,748
Okay. appreciate that.
604
00:16:41,749 --> 00:16:43,725
- Darrin, here is--
- here is insanity,
605
00:16:43,728 --> 00:16:46,690
here is genius.
606
00:16:46,691 --> 00:16:49,655
You're somewhere.
607
00:16:49,656 --> 00:16:51,633
Nevertheless, I'm out.
608
00:16:51,634 --> 00:16:53,610
Thank you.
609
00:16:56,575 --> 00:16:58,058
Did you see
610
00:16:58,058 --> 00:16:59,539
the size of that thing
611
00:16:59,540 --> 00:17:00,529
that he wanted to put
612
00:17:00,530 --> 00:17:01,517
in your ear?
613
00:17:01,518 --> 00:17:03,494
- One time in the shower,
- you're gonna just short out.
614
00:17:03,497 --> 00:17:05,471
- He's so far ahead
- of his time.
615
00:17:05,474 --> 00:17:07,728
- Thank god I won't be alive - when his time comes.
- Yep.
616
00:17:18,320 --> 00:17:20,297
- Who desperately needs
- an investment from the sharks
617
00:17:20,300 --> 00:17:23,261
to keep his dream alive.
618
00:17:23,262 --> 00:17:26,228
♪♪♪♪♪
619
00:17:26,229 --> 00:17:30,180
My name is Kevin flannery.
620
00:17:30,181 --> 00:17:31,664
I'm from Cary, north Carolina,
621
00:17:31,665 --> 00:17:33,146
ina, d my product is wispots.
622
00:17:33,147 --> 00:17:34,629
So this is my home office,
623
00:17:34,630 --> 00:17:36,111
which doubles
624
00:17:36,112 --> 00:17:37,100
as my little girl's playroom.
625
00:17:37,101 --> 00:17:38,584
This is where I spend
626
00:17:38,585 --> 00:17:40,065
the better part of my day,
627
00:17:40,066 --> 00:17:42,041
uh, making things happen.
628
00:17:42,042 --> 00:17:44,019
- I am a former marine. Or once
- a marine, always a marine.
629
00:17:44,022 --> 00:17:45,996
I have been working in wireless
630
00:17:45,997 --> 00:17:47,972
technology for nearly 20 years.
631
00:17:47,973 --> 00:17:48,961
Hey, Mark.
632
00:17:48,962 --> 00:17:49,950
It's Kevin flannery.
633
00:17:49,951 --> 00:17:51,927
- I wanted to give you a call
- and let you know that, uh,
634
00:17:51,930 --> 00:17:53,904
- we decided that, um, investors
- can take partial units.
635
00:17:53,906 --> 00:17:55,880
- I left my leevious position
- so I could put
636
00:17:55,883 --> 00:17:57,860
- all of my time, energy
- and effort into wispots.
637
00:17:58,846 --> 00:18:00,328
Hi, angel.
638
00:18:00,329 --> 00:18:01,811
I have funded my business
639
00:17:58,846 --> 00:18:01,810
through, um,
640
00:18:01,811 --> 00:18:02,799
mortgages on my home.
641
00:18:02,800 --> 00:18:04,776
- Unfortunately I had to
- put it up for sale
642
00:18:04,779 --> 00:18:06,753
- 'cause I just can't keep up
- with the two mortgages
643
00:18:06,756 --> 00:18:08,729
on the home now, which--
644
00:18:08,730 --> 00:18:10,707
- it hurts, because that was
- my dream home.
645
00:18:10,710 --> 00:18:12,684
- It's, uh's, ere
- my youngest daughter was born,
646
00:18:12,687 --> 00:18:14,659
uh...
647
00:18:14,660 --> 00:18:16,143
I--it gets me emotional
648
00:18:16,144 --> 00:18:17,625
when I think about it.
649
00:18:17,626 --> 00:18:18,615
Dear lord, give us grace
650
00:18:19,603 --> 00:18:21,579
- for this wonderful food - we are about to receive. Amen.
- Amen.
651
00:18:21,582 --> 00:18:23,555
Family is everything to me.
652
00:18:23,556 --> 00:18:25,533
Um, I didn't grow up
653
00:18:25,534 --> 00:18:27,509
with family.
654
00:18:27,510 --> 00:18:29,487
- I bounced around for the better part - in
foster home to foster home of my teenage life.
655
00:18:29,490 --> 00:18:31,464
- So it's extremely important
- for me to be a good father
656
00:18:31,467 --> 00:18:33,441
and to take care of my family.
657
00:18:33,442 --> 00:18:34,430
And I do anything
658
00:18:34,431 --> 00:18:35,417
and everything I can
659
00:18:35,418 --> 00:18:37,393
to make sure my family knows
660
00:18:37,394 --> 00:18:38,877
that I love them
661
00:18:38,878 --> 00:18:40,359
more than the air I breathe
662
00:18:40,359 --> 00:18:41,842
and that I'm fighting hard
663
00:18:41,843 --> 00:18:43,324
to build a future for them.
664
00:18:43,325 --> 00:18:46,290
♪♪♪♪♪
665
00:18:53,209 --> 00:18:54,197
Hello.
666
00:18:54,198 --> 00:18:55,680
My name is Kevin flannery.
667
00:18:55,681 --> 00:18:57,162
I'm the president and c.E.O.
668
00:18:57,163 --> 00:18:59,140
- And founder of wispots--
- the future of waiting patiently.
669
00:18:59,143 --> 00:19:01,115
I'd like to thank you all
670
00:19:01,116 --> 00:19:02,599
for letting me
671
00:19:02,600 --> 00:19:04,081
take a dip in your tank.
672
00:19:04,082 --> 00:19:06,058
I hope you don't bite.
673
00:19:06,059 --> 00:19:07,541
I'm here seeking
674
00:19:07,542 --> 00:19:09,023
$1.2 million in funding
675
00:19:09,024 --> 00:19:10,012
for a 10% equity position
676
00:19:10,013 --> 00:19:11,001
in min my any.
677
00:19:11,002 --> 00:19:13,965
Whoa.
678
00:19:13,966 --> 00:19:14,954
You better have
679
00:19:14,955 --> 00:19:15,943
a ton of sales.
680
00:19:13,966 --> 00:19:15,942
Okay.
681
00:19:15,943 --> 00:19:17,919
Wispots is a business--
682
00:19:17,920 --> 00:19:19,896
- an innovative business model--
- that has six years
683
00:19:19,899 --> 00:19:21,873
- of research and development
- in the retail, health care
684
00:19:21,876 --> 00:19:23,850
- and media space
- already in place.
685
00:19:23,853 --> 00:19:25,333
What's the product?
686
00:19:25,334 --> 00:19:26,815
As you see here, this is
687
00:19:23,850 --> 00:19:26,814
our patient interaction center.
688
00:19:26,815 --> 00:19:28,298
I'm sure all of you have had
689
00:19:28,299 --> 00:19:29,780
to go to the doctor's office,
690
00:19:29,781 --> 00:19:31,758
- and you take your loved ones
- to the doctor's office.
691
00:19:31,761 --> 00:19:33,734
- Your choices have been
- read an old magazine
692
00:19:33,737 --> 00:19:35,217
or watch somch sring content
693
00:19:35,218 --> 00:19:36,699
on a screen.
694
00:19:36,700 --> 00:19:38,677
- With the wispots
- patient interaction center,
695
00:19:38,678 --> 00:19:39,665
patients can walk in,
696
00:19:39,666 --> 00:19:41,148
pick up any one of the five
697
00:19:41,149 --> 00:19:42,629
wireless web pads
698
00:19:42,630 --> 00:19:44,607
- take them back to their seat,
- check in, fill out surveys,
699
00:19:44,610 --> 00:19:46,090
sign up for clinical trials,
700
00:19:46,091 --> 00:19:47,571
request educational information,
701
00:19:47,572 --> 00:19:48,562
surf the web,
702
00:19:48,563 --> 00:19:49,551
check and send e-mails,
703
00:19:50,538 --> 00:19:51,526
play games, all for free.
704
00:19:51,527 --> 00:19:52,515
When they're done,
705
00:19:52,516 --> 00:19:54,491
- they just put it back in the--
- in the charging cradle.
706
00:19:54,494 --> 00:19:56,468
- And it provides a revenue source
- for the doctors,
707
00:19:56,469 --> 00:19:57,457
- so the doctors
- want it in there.
708
00:19:57,460 --> 00:19:58,939
Okay, we get iwe walk us
709
00:19:58,940 --> 00:20:00,421
through the economics.
710
00:20:00,422 --> 00:20:01,410
- Who pays for this
- in the doctor's office?
711
00:20:01,413 --> 00:20:02,893
Pharmaceutical companies,
712
00:20:02,894 --> 00:20:04,375
media buyers and advertisers.
713
00:20:04,376 --> 00:20:05,858
How much does it cost to put
714
00:20:05,859 --> 00:20:07,340
that tray with these screens
715
00:20:07,341 --> 00:20:08,824
in a doctor's office?
716
00:20:08,825 --> 00:20:10,305
A little over 9 grand.
717
00:20:10,306 --> 00:20:11,295
- Whew.
- $9,000.
718
00:20:11,298 --> 00:20:13,271
- Mm-hmm. - Where does the $9,000
- come from?
719
00:20:13,274 --> 00:20:14,754
The doctor's pay for it,
720
00:20:14,755 --> 00:20:16,236
but it's a no-risk opportunity.
721
00:20:16,237 --> 00:20:18,213
They're nevee ne gonna pay for it.
722
00:20:18,214 --> 00:20:20,190
- They already are. I'm getting
- contracts in place as we speak.
723
00:20:20,193 --> 00:20:22,166
You--you're saying
724
00:20:22,167 --> 00:20:24,144
- you do have doctors
- that have given you $9,000?
725
00:20:24,147 --> 00:20:25,627
Doctors have signed contracts.
726
00:20:25,628 --> 00:20:27,108
Here's the catch--
727
00:20:27,109 --> 00:20:28,592
it's the captive eyeballs that
728
00:20:28,593 --> 00:20:30,074
the media buyers want to see.
729
00:20:30,075 --> 00:20:31,557
Yeah, but get back to the money
730
00:20:31,558 --> 00:20:33,039
because I don't understand it.
731
00:20:33,040 --> 00:20:35,016
The doctors have sig signe
contracts for $9,000 each
732
00:20:35,017 --> 00:20:36,005
contingent on
733
00:20:36,006 --> 00:20:36,994
you getting ad sales?
734
00:20:36,995 --> 00:20:38,476
It's a little complicated.
735
00:20:38,477 --> 00:20:39,959
They either pay up front
736
00:20:36,994 --> 00:20:39,958
or they pay a lease fee,
737
00:20:39,959 --> 00:20:41,442
but they don't pay us until
738
00:20:41,443 --> 00:20:42,923
we fill x-number of real--
739
00:20:42,924 --> 00:20:44,407
ad real estate.
740
00:20:44,408 --> 00:20:45,889
Kevin, if you're frustrated
741
00:20:42,924 --> 00:20:45,888
in the doctor's office...
742
00:20:45,889 --> 00:20:47,372
Mm-hmm.
743
00:20:47,373 --> 00:20:48,854
And your tree isn't there...
744
00:20:48,855 --> 00:20:50,337
And you want to check
745
00:20:50,338 --> 00:20:51,819
your e-mail, what do you do?
746
00:20:51,820 --> 00:20:53,303
If you brought your laptop,
747
00:20:53,304 --> 00:20:54,784
you can use your laptop, but--
748
00:20:54,785 --> 00:20:56,761
is there another device
749
00:20:56,762 --> 00:20:58,245
that could allow me
750
00:20:58,246 --> 00:20:59,726
to take my e-mmy ewith me?
751
00:20:59,727 --> 00:21:00,717
Yes, and--
752
00:21:00,718 --> 00:21:01,705
I wonder
753
00:20:59,727 --> 00:21:01,705
if anyone's invented that.
754
00:21:02,693 --> 00:21:04,646
- This isn't just about e-mail.
- It's about content delivery.
755
00:21:04,670 --> 00:21:05,658
- And most doctor's offices
- now require you
756
00:21:05,661 --> 00:21:07,635
- to turn your phone off
- when you walk in the door.
757
00:21:07,638 --> 00:21:09,612
- Kevin, have you put money
- into this on your own?
758
00:21:09,615 --> 00:21:11,094
I have put over $550,000
759
00:21:11,095 --> 00:21:12,576
of my own money.
760
00:21:12,577 --> 00:21:14,553
I've mortgaged my home twice.
761
00:21:14,554 --> 00:21:16,036
I've...
762
00:21:16,037 --> 00:21:17,518
Mortgaged my home twice.
763
00:21:17,519 --> 00:21:18,507
I've taken my kids'
764
00:21:18,508 --> 00:21:19,496
college funds, my 401,
765
00:21:19,497 --> 00:21:20,979
all my savings and a mountain
766
00:21:20,980 --> 00:21:22,460
of debt on my credit cards.
767
00:21:22,461 --> 00:21:24,438
Wow.
768
00:21:24,439 --> 00:21:26,415
Stop right there.
769
00:21:22,461 --> 00:21:26,414
I'm gonna do you a huge favor.
770
00:21:26,415 --> 00:21:27,403
Here's how I think
771
00:21:27,404 --> 00:21:28,392
of my money--soldiers.
772
00:21:28,393 --> 00:21:29,874
I send them out to war
773
00:21:29,875 --> 00:21:31,356
every day.
774
00:21:31,357 --> 00:21:32,840
I want them to take prisoners
775
00:21:32,841 --> 00:21:34,321
and come home
776
00:21:34,322 --> 00:21:36,298
so there's more of them.
777
00:21:36,299 --> 00:21:38,276
Your army, every soldier dies
778
00:21:38,277 --> 00:21:40,253
that you send out every day.
779
00:21:42,230 --> 00:21:44,207
- When you have no soldiers,
- you're wiped out.
780
00:21:44,210 --> 00:21:46,182
That's the game of life.
781
00:21:46,183 --> 00:21:47,172
Stop this madness.
782
00:21:49,149 --> 00:21:51,125
I am so out.
783
00:21:51,126 --> 00:21:52,114
I'm thinking
784
00:21:52,115 --> 00:21:53,102
you're not understand--
785
00:21:53,103 --> 00:21:54,585
I mean, it--the inter--
786
00:21:54,586 --> 00:21:56,068
it's not about e-mail.
787
00:21:53,102 --> 00:21:56,067
We're fully understanding.
788
00:21:56,068 --> 00:21:58,044
- I hai haveundamental problem
- with the concept.
789
00:21:58,047 --> 00:22:00,020
If it's not about e-mail,
790
00:22:00,021 --> 00:22:01,010
because you could do
791
00:22:01,011 --> 00:22:01,998
e-mails with your phone,
792
00:22:01,999 --> 00:22:03,974
um, it's about advertising.
793
00:22:03,975 --> 00:22:05,458
But I'm not gonna pick that up
794
00:22:05,459 --> 00:22:06,939
just to look at ads.
795
00:22:06,940 --> 00:22:07,929
I have to say, I'm out.
796
00:22:07,930 --> 00:22:08,917
Okay.
797
00:22:08,918 --> 00:22:10,894
- You know what?
- I have to say,
798
00:22:10,897 --> 00:22:12,871
- I respect your enormous
- commitment to this idea,
799
00:22:12,874 --> 00:22:14,847
that you'd go at such risk.
800
00:22:14,848 --> 00:22:16,825
But you know what takes
801
00:22:16,826 --> 00:22:18,800
a lot more courage? Quitting.
802
00:22:18,801 --> 00:22:19,790
I'm out.
803
00:22:21,767 --> 00:22:22,755
You're risking
804
00:22:22,756 --> 00:22:23,744
your children's college
805
00:22:23,745 --> 00:22:25,720
- and your home
- you're living in for this?
806
00:22:25,723 --> 00:22:27,203
I came from nothing, and I
807
00:22:27,204 --> 00:22:28,685
want to give them something.
808
00:22:28,686 --> 00:22:29,674
Yes, but you came
809
00:22:29,675 --> 00:22:30,663
from nothing
810
00:22:30,664 --> 00:22:32,639
- and you're mortgaging
- what you have.
811
00:22:32,642 --> 00:22:34,615
Stop. anyway, I'm out.
812
00:22:34,616 --> 00:22:37,581
Okay.
813
00:22:37,581 --> 00:22:40,546
Four of the sharks are out...
814
00:22:40,547 --> 00:22:43,511
But Robert seems conflicted.
815
00:22:43,512 --> 00:22:45,488
Kevin, I feel so bad for you.
816
00:22:45,489 --> 00:22:46,972
My mom and dad and I came--
817
00:22:46,973 --> 00:22:48,453
we're immigrants to the country.
818
00:22:48,454 --> 00:22:49,443
We came here with nothing
819
00:22:49,444 --> 00:22:50,431
on a boat.
820
00:22:50,432 --> 00:22:52,408
- I'll tell you, my dad's
- a factory worker,
821
00:22:52,411 --> 00:22:53,891
never made any real money, but I
822
00:22:53,892 --> 00:22:55,372
learned somethining fromim.
823
00:22:55,373 --> 00:22:56,856
You always
824
00:22:56,857 --> 00:22:58,337
have to save your money
825
00:22:58,338 --> 00:22:59,327
so you don't put
826
00:22:59,328 --> 00:23:00,315
your family at risk.
827
00:23:00,316 --> 00:23:01,799
You gotta take care
828
00:23:01,800 --> 00:23:03,280
of your family first.
829
00:23:03,281 --> 00:23:04,763
Here's belief...
830
00:23:04,764 --> 00:23:06,246
And here's being a fool.
831
00:23:07,234 --> 00:23:09,211
Don't cross that line.
832
00:23:13,165 --> 00:23:15,141
I'm out.
833
00:23:15,142 --> 00:23:16,130
- Appreciate
- all your opinions.
834
00:23:16,133 --> 00:23:17,613
Thank you very much.
835
00:23:17,614 --> 00:23:19,095
Thank you.
836
00:23:25,026 --> 00:23:26,014
- Appreciate god, - all your opinions.
that was heartbreaking.
837
00:23:26,017 --> 00:23:28,980
That's the dark side.
838
00:23:31,945 --> 00:23:33,428
This is the problem
839
00:23:33,429 --> 00:23:34,909
with false encouragement.
840
00:23:34,910 --> 00:23:36,393
You know, most people
841
00:23:36,394 --> 00:23:37,874
never get a chance
842
00:23:37,875 --> 00:23:39,358
to meet a bunch of people
843
00:23:39,359 --> 00:23:40,840
who've done it before
844
00:23:40,841 --> 00:23:42,323
and get some real,
845
00:23:42,324 --> 00:23:43,806
unbiased advice.
846
00:23:52,702 --> 00:23:55,666
Who is sure she has an idea
that will make millions.
847
00:23:55,667 --> 00:23:56,655
Will she sink or swim
848
00:23:56,656 --> 00:23:57,644
with the sharks?
849
00:23:57,645 --> 00:23:59,621
♪♪♪♪♪
850
00:24:01,598 --> 00:24:03,574
- My name is Tiffany krumins.
- I live in auburn, Georgia.
851
00:24:03,577 --> 00:24:05,057
It's a tiny little town
852
00:24:05,058 --> 00:24:06,539
with about a thousand people.
853
00:24:06,540 --> 00:24:08,516
It's got one light.
854
00:24:08,517 --> 00:24:09,505
I ve living here
855
00:24:09,506 --> 00:24:10,493
with my family.
856
00:24:10,494 --> 00:24:11,976
I am a nanny for a little boy
857
00:24:11,977 --> 00:24:13,458
named gibby.
858
00:24:13,459 --> 00:24:15,435
Here's gibby.
859
00:24:15,436 --> 00:24:17,411
He is a big part of my life,
860
00:24:17,412 --> 00:24:18,401
and actually one of
861
00:24:18,402 --> 00:24:19,389
the biggest inspirations
862
00:24:19,390 --> 00:24:21,365
for my product.
863
00:24:21,366 --> 00:24:22,355
I've found over the years
864
00:24:22,356 --> 00:24:23,343
working with kids,
865
00:24:23,344 --> 00:24:25,319
and now having my own,
866
00:24:25,320 --> 00:24:26,802
that there's little things
867
00:24:26,803 --> 00:24:28,284
that you have to come up with,
868
00:24:28,285 --> 00:24:29,768
uh, to get a kid to do
869
00:24:29,769 --> 00:24:31,249
what they need to do,
870
00:24:31,250 --> 00:24:33,226
whether it be clean their room
871
00:24:33,227 --> 00:24:34,216
or, uh, take medicine
872
00:24:34,217 --> 00:24:35,204
or eat eat t peas.
873
00:24:35,204 --> 00:24:36,192
Open wide!
874
00:24:36,193 --> 00:24:38,169
- Open wide!
- Yay!
875
00:24:38,172 --> 00:24:39,652
I know that I'm gonna
876
00:24:39,653 --> 00:24:41,134
walk in, and they may think
877
00:24:41,135 --> 00:24:42,617
that this girl is from
878
00:24:42,618 --> 00:24:44,099
some tiny little town in Georgia
879
00:24:44,100 --> 00:24:45,088
and doesn't know
880
00:24:45,089 --> 00:24:46,077
what she's doing,
881
00:24:46,078 --> 00:24:48,054
but I have hope that they will
882
00:24:48,055 --> 00:24:50,029
just be blown away with my idea.
883
00:24:50,030 --> 00:24:52,996
♪♪♪♪♪
884
00:25:05,845 --> 00:25:07,328
Hi, guys. I can see you saved
885
00:25:07,329 --> 00:25:08,810
all the money for me.
886
00:25:08,811 --> 00:25:09,799
That's good.
887
00:25:09,800 --> 00:25:10,787
It's still laying there.
888
00:25:10,788 --> 00:25:12,763
Um, my name is Tiffany krumins.
889
00:25:12,764 --> 00:25:15,136
- I'm from auburn, Georgia,
- a city you have never heard of.
890
00:25:15,730 --> 00:25:17,212
'S tiny. About a mile wide,
891
00:25:17,213 --> 00:25:18,694
it has one light.
892
00:25:18,695 --> 00:25:19,683
Um, but I have
893
00:25:19,684 --> 00:25:20,672
a great idea for you,
894
00:25:20,673 --> 00:25:22,648
- and hopefully you will want
- to invest in that.
895
00:25:22,651 --> 00:25:25,613
Um, I'm asking you,
ngladies and gentlemen--
896
00:25:25,614 --> 00:25:27,097
lady and gentlemen--
897
00:25:27,098 --> 00:25:28,580
um, for a $50,000 investment.
898
00:25:29,567 --> 00:25:31,544
In turn, I'm offering you
899
00:25:31,545 --> 00:25:33,520
15% of the equity in my company.
900
00:25:33,521 --> 00:25:34,510
For thpast
901
00:25:34,511 --> 00:25:35,498
two and a half years,
902
00:25:35,499 --> 00:25:37,475
- I've worked with a little boy
- named gibby.
903
00:25:37,478 --> 00:25:38,957
And, um, I'm his nanny.
904
00:25:38,958 --> 00:25:40,439
He has down syndrome.
905
00:25:40,440 --> 00:25:41,923
And because of that,
906
00:25:41,924 --> 00:25:43,404
he gethe gr infections a lot.
907
00:25:43,405 --> 00:25:44,889
It came time to take out that
908
00:25:44,890 --> 00:25:46,372
medicine dropper every time,
909
00:25:47,359 --> 00:25:48,842
and gibby would go from
910
00:25:48,843 --> 00:25:50,323
angel to pro wrestler.
911
00:25:50,324 --> 00:25:52,301
I mean, he just...
912
00:25:52,302 --> 00:25:54,277
Did not like the process.
913
00:25:54,278 --> 00:25:55,267
So I thought to myself,
914
00:25:55,267 --> 00:25:57,243
there has to be
915
00:25:57,244 --> 00:25:59,219
a better way to to dos.
916
00:25:59,220 --> 00:26:02,184
So I'd like to show you Emmy.
917
00:26:02,185 --> 00:26:05,150
This is her.
918
00:26:05,151 --> 00:26:06,633
You take
919
00:26:06,634 --> 00:26:08,115
the medicine dropper out,
920
00:26:08,116 --> 00:26:09,599
you suck up
921
00:26:09,600 --> 00:26:11,080
the right amount of medicine,
922
00:26:11,081 --> 00:26:13,057
put it back in,
923
00:26:13,058 --> 00:26:14,541
and you would d approa
924
00:26:14,542 --> 00:26:16,022
your kid and you would--
925
00:26:16,023 --> 00:26:17,506
or the child you're watching,
926
00:26:17,507 --> 00:26:18,988
and you press the button...
927
00:26:18,989 --> 00:26:20,965
One, two...
928
00:26:20,966 --> 00:26:21,954
This is the saying
929
00:26:21,955 --> 00:26:22,942
I came up with on my own.
930
00:26:22,943 --> 00:26:24,919
- She says, "one, two, three.
- Open wide."
931
00:26:24,922 --> 00:26:26,896
- And then she tells him
- a good job.
932
00:26:26,899 --> 00:26:28,873
- And as you're doing that,
- you press it out in their mouth,
933
00:26:28,876 --> 00:26:30,850
- and it works
- every single time.
934
00:26:30,853 --> 00:26:32,827
- I don't care
- what your kid hates,
935
00:26:32,830 --> 00:26:34,309
they will open their mouth
936
00:26:34,310 --> 00:26:35,791
and smile, and it will work.
937
00:26:35,792 --> 00:26:37,768
This is a homemade prototype,
938
00:26:37,769 --> 00:26:39,251
and I'd like to
939
00:26:39,252 --> 00:26:40,734
hand tnd theut to you guys.
940
00:26:37,769 --> 00:26:40,733
It's only for ear drops? It's--
941
00:26:40,734 --> 00:26:41,723
no, s--uh, no, sir.
942
00:26:42,711 --> 00:26:44,688
- He had ear infections, so he
- had to take medicine orally.
943
00:26:44,691 --> 00:26:46,665
- Oh, it's for oral...
- Yes, it's all for oral.
944
00:26:46,668 --> 00:26:48,147
Any medication.
945
00:26:48,148 --> 00:26:49,630
But you could,
946
00:26:46,665 --> 00:26:49,629
I guess, yeah.
947
00:26:49,630 --> 00:26:50,618
But doesn't the child
948
00:26:50,619 --> 00:26:51,607
at some point
949
00:26:51,608 --> 00:26:53,584
- look at that elephant
- and say,
950
00:26:53,587 --> 00:26:55,560
- "that elephant gives me
- a lot of bad medicine"
951
00:26:55,563 --> 00:26:57,537
and get unhappy with--
952
00:26:57,538 --> 00:26:59,514
well, I had an idea
953
00:26:55,560 --> 00:26:59,513
about that.
954
00:26:59,514 --> 00:27:00,503
Don't give him one.
955
00:27:00,504 --> 00:27:01,985
But do you think that would
956
00:27:01,986 --> 00:27:03,467
happen after a while?
957
00:27:03,468 --> 00:27:05,444
They'd ass'd ate this snout
958
00:27:05,445 --> 00:27:06,433
with just a lot
959
00:27:06,434 --> 00:27:07,422
of ill-tasting stuff?
960
00:27:07,423 --> 00:27:09,398
- Well, they associate it already
- with the medicine dropper,
961
00:27:09,399 --> 00:27:10,387
so I assume no.
962
00:27:10,388 --> 00:27:12,364
- I think they could
- eventually like this.
963
00:27:12,367 --> 00:27:14,341
- And it's not ill-tasting
- anymore. they flavor it.
964
00:27:14,343 --> 00:27:16,317
- They can make it cherry.
- They can make it all--
965
00:27:16,320 --> 00:27:18,294
- it's not really the flavor
- so much. It's the process.
966
00:27:18,297 --> 00:27:20,271
- Do you have a patent
- on this?
967
00:27:20,274 --> 00:27:22,248
- Uh, no, I don't.
- Not yet.
968
00:27:22,251 --> 00:27:24,225
- I did a patent search,
- but I never got to the--
969
00:27:24,228 --> 00:27:25,707
but nobody else has patented
970
00:27:25,708 --> 00:27:27,190
anything similar?
971
00:27:24,225 --> 00:27:27,189
No. no, nothing like it.
972
00:27:27,190 --> 00:27:28,178
Have you looked
973
00:27:28,179 --> 00:27:29,167
into molding this,
974
00:27:29,168 --> 00:27:30,650
getting a mold made...
975
00:27:30,651 --> 00:27:32,131
Um...
976
00:27:32,132 --> 00:27:33,121
For--for this?
977
00:27:33,122 --> 00:27:34,109
No, I haven't,
978
00:27:34,110 --> 00:27:36,086
- because last year when I went
- for my patent search,
979
00:27:36,089 --> 00:27:38,062
they told meme--
980
00:27:38,063 --> 00:27:39,545
they recommended not going to
981
00:27:39,546 --> 00:27:41,027
factories and that kind of stuff
982
00:27:41,028 --> 00:27:42,511
because I would obviously have
983
00:27:42,512 --> 00:27:43,993
to tell 'em what I'm making.
984
00:27:41,028 --> 00:27:43,992
Right.
985
00:27:43,993 --> 00:27:45,476
Um, so to be completely honest,
986
00:27:45,477 --> 00:27:46,958
this is the point that I'm at.
987
00:27:46,959 --> 00:27:48,441
I know I have a good idea.
988
00:27:48,442 --> 00:27:49,923
I know I'm a hard worker.
989
00:27:49,924 --> 00:27:51,406
I know that it works.
990
00:27:51,407 --> 00:27:52,889
What would you like to use
991
00:27:49,924 --> 00:27:52,888
the $50,000 for?
992
00:27:52,889 --> 00:27:54,372
Uh, patent, and hopefully
993
00:27:54,373 --> 00:27:55,853
a working prototype.
994
00:27:55,854 --> 00:27:56,843
Have you
995
00:27:56,844 --> 00:27:57,831
tested this repeatedly
996
00:27:57,832 --> 00:27:59,808
- against a child's interest
- in it, again and again,
997
00:27:59,811 --> 00:28:01,291
to see if they tire of it?
998
00:28:01,292 --> 00:28:02,772
I feel like I've tested it
999
00:28:02,773 --> 00:28:04,256
on the hardest child
1000
00:28:04,257 --> 00:28:05,738
I could ever test it on--
1001
00:28:05,739 --> 00:28:06,727
gibby, the little boy I--
1002
00:28:06,728 --> 00:28:07,715
I worked with.
1003
00:28:07,716 --> 00:28:09,198
Listen, first of all,
1004
00:28:09,199 --> 00:28:10,680
I just want to say,
1005
00:28:10,681 --> 00:28:12,658
it--it warms my heart to see
1006
00:28:12,659 --> 00:28:14,633
that you care so much,
1007
00:28:14,634 --> 00:28:15,623
but how do I personally
1008
00:28:15,624 --> 00:28:16,611
profit from it?
1009
00:28:16,612 --> 00:28:18,094
Right. you could make
1010
00:28:18,095 --> 00:28:19,576
a lot of money on this.
1011
00:28:19,577 --> 00:28:20,565
But it's not a business.
1012
00:28:20,566 --> 00:28:21,553
It's an idea.
1013
00:28:21,554 --> 00:28:23,530
- We're talking about selling
- that right there for about $10.
1014
00:28:23,533 --> 00:28:25,507
- I totally believe
- what you're doing,
1015
00:28:25,510 --> 00:28:27,484
- I just don't know
- how hoake money with it.
1016
00:28:27,487 --> 00:28:29,461
- I'm sure people said that
- to you, though,
1017
00:28:29,464 --> 00:28:30,943
about your company,
1018
00:28:30,944 --> 00:28:32,426
didn't they?
1019
00:28:29,461 --> 00:28:32,425
And you know what I did?
1020
00:28:32,426 --> 00:28:33,909
What if this doesn't branch--
1021
00:28:33,910 --> 00:28:35,391
I got down like a dog
1022
00:28:32,426 --> 00:28:35,390
and bit their ankles.
1023
00:28:35,391 --> 00:28:37,368
It wasn't just about a--
1024
00:28:37,369 --> 00:28:39,344
a medicine-snorting elephant.
1025
00:28:39,345 --> 00:28:40,828
It has to be bigger.
1026
00:28:40,829 --> 00:28:42,309
It has to be bigger.
1027
00:28:42,310 --> 00:28:44,286
It's gotta be a business.
1028
00:28:44,287 --> 00:28:45,770
It can be one day.
1029
00:28:45,771 --> 00:28:47,252
There's nothing wrong
1030
00:28:44,287 --> 00:28:47,251
with what you're doing,
1031
00:28:47,252 --> 00:28:48,241
and I want you
1032
00:28:48,242 --> 00:28:49,229
to profit from it.
1033
00:28:49,230 --> 00:28:50,712
But in my mind, there's no place
1034
00:28:50,713 --> 00:28:52,194
for me in this equation.
1035
00:28:52,195 --> 00:28:53,677
You mean you're not
1036
00:28:53,678 --> 00:28:55,160
putting your money up.
1037
00:28:52,195 --> 00:28:55,159
No, Tiffany. I'm out.
1038
00:28:55,160 --> 00:28:56,642
But, Tiffany, do you
1039
00:28:56,643 --> 00:28:58,124
really need my $50,000?
1040
00:28:58,125 --> 00:28:59,114
Absolutely.
1041
00:28:59,115 --> 00:29:00,102
Why?
1042
00:29:00,103 --> 00:29:01,585
In order to do the things
1043
00:29:01,586 --> 00:29:03,066
that I need to do next--
1044
00:29:03,067 --> 00:29:05,043
the patent, the prototype.
1045
00:29:05,044 --> 00:29:06,527
I think you could walk in
1046
00:29:06,528 --> 00:29:08,008
to one of the big companies,
1047
00:29:08,009 --> 00:29:09,986
- make a sales call,
- go through what you did here,
1048
00:29:09,989 --> 00:29:11,963
'cause you did a great job
1049
00:29:11,964 --> 00:29:13,939
with it, and make the sale,
1050
00:29:13,940 --> 00:29:15,917
- and work out a licensing deal,
- and you're done.
1051
00:29:15,920 --> 00:29:17,399
Maybe. I might
1052
00:29:17,400 --> 00:29:18,881
be able to do that.
1053
00:29:18,882 --> 00:29:21,846
For that reason, I'm out.
1054
00:29:21,847 --> 00:29:23,330
You know what?
1055
00:29:23,331 --> 00:29:24,812
I like the idea. I like you.
1056
00:29:24,813 --> 00:29:26,789
But it's an an it
1057
00:29:26,790 --> 00:29:28,765
it's not a business.
1058
00:29:28,766 --> 00:29:31,732
I'm out.
1059
00:29:33,708 --> 00:29:35,191
I look for things that have
1060
00:29:35,192 --> 00:29:36,673
a little bit of a track record.
1061
00:29:36,674 --> 00:29:38,156
Um, you know, by the time
1062
00:29:38,157 --> 00:29:39,638
you get done tooling this
1063
00:29:39,639 --> 00:29:40,627
and getting the samples
1064
00:29:40,628 --> 00:29:41,616
and the molds
1065
00:29:41,617 --> 00:29:43,098
and the engineering
1066
00:29:43,099 --> 00:29:44,580
and the patents and all of that,
1067
00:29:44,581 --> 00:29:46,064
that's gonna take some time
1068
00:29:46,065 --> 00:29:47,545
and obviously some money.
1069
00:29:47,546 --> 00:29:49,029
Um, although I think
1070
00:29:49,030 --> 00:29:50,511
it might be able to work,
1071
00:29:50,512 --> 00:29:52,488
I-I have to say, I'm out.
1072
00:29:52,489 --> 00:29:54,464
Four sharks are out.
1073
00:29:54,465 --> 00:29:55,948
Barbara is Tiffany's
1074
00:29:55,949 --> 00:29:57,430
only remaining chance
1075
00:29:57,431 --> 00:29:59,407
to bring her dream
1076
00:29:59,408 --> 00:30:01,383
of Emmy the elephant to life.
1077
00:30:01,384 --> 00:30:03,360
Tiffany, I'd like to speak up...
1078
00:30:03,361 --> 00:30:04,844
Because I love this idea.
1079
00:30:04,845 --> 00:30:06,325
Okay.
1080
00:30:06,326 --> 00:30:07,809
And as much as I like
1081
00:30:07,810 --> 00:30:09,291
the product, I love you.
1082
00:30:09,292 --> 00:30:11,269
The problem I have with the deal
1083
00:30:11,270 --> 00:30:13,244
is it's too rich.
1084
00:30:13,245 --> 00:30:15,221
15% for $50,000--
1085
00:30:15,222 --> 00:30:16,705
I'd have to, like,
1086
00:30:16,706 --> 00:30:18,187
dream at night
1087
00:30:18,188 --> 00:30:19,176
hoping to get
1088
00:30:19,177 --> 00:30:20,164
my money back long-term.
1089
00:30:20,165 --> 00:30:22,141
- But if you're willing
- to give me
1090
00:30:22,144 --> 00:30:24,118
- the majority share
- of your busisiness--
1091
00:30:24,121 --> 00:30:25,601
and I'm a good guy
1092
00:30:25,602 --> 00:30:27,082
to be in business with--
1093
00:30:27,083 --> 00:30:28,072
if you could give me 55%
1094
00:30:28,073 --> 00:30:29,060
of your business...
1095
00:30:29,061 --> 00:30:30,543
I'd be very happy
1096
00:30:30,544 --> 00:30:32,026
to hand you over that $50,000.
1097
00:30:29,060 --> 00:30:32,025
What happened to all the love?
1098
00:30:32,026 --> 00:30:33,508
I love this lady, but the number
1099
00:30:33,509 --> 00:30:34,991
has gotta make sense
1100
00:30:32,026 --> 00:30:34,990
what happened to all the love?
1101
00:30:34,991 --> 00:30:36,473
So the numbers for me make sense
1102
00:30:36,474 --> 00:30:37,955
at that different point.
1103
00:30:37,956 --> 00:30:39,439
Tiffany, I've made you
1104
00:30:39,440 --> 00:30:40,920
a good offer, I really believe.
1105
00:30:40,921 --> 00:30:42,897
A genuine offer.
1106
00:30:42,898 --> 00:30:44,381
What are you gonna do about it?
1107
00:30:44,382 --> 00:30:45,863
Do you want it?
1108
00:30:49,817 --> 00:30:51,794
♪♪♪♪♪
1109
00:31:01,678 --> 00:31:02,667
Tiffany...
1110
00:31:02,668 --> 00:31:03,655
Yes.
1111
00:31:03,656 --> 00:31:06,619
I've made you a good offer, ier,
ally believe. A genuine offer.
1112
00:31:06,620 --> 00:31:08,103
What are you gonna do about it?
1113
00:31:08,104 --> 00:31:09,585
Do you want it?
1114
00:31:09,586 --> 00:31:12,550
$50,000 for 55%.
1115
00:31:12,551 --> 00:31:14,034
Is there any way
1116
00:31:14,035 --> 00:31:15,516
to talk you down?
1117
00:31:18,481 --> 00:31:19,964
I'm trying to play hardball.
1118
00:31:19,965 --> 00:31:21,446
Can you tell?
1119
00:31:21,447 --> 00:31:22,435
Am I doing a good job?
1120
00:31:22,436 --> 00:31:23,424
Not--not goo good ll.
1121
00:31:23,425 --> 00:31:24,906
I know. I'm not good at that.
1122
00:31:24,907 --> 00:31:26,389
Which is what your charm is,
1123
00:31:23,424 --> 00:31:26,388
by the way.
1124
00:31:26,389 --> 00:31:28,365
I'm not good at that.
1125
00:31:28,366 --> 00:31:30,343
- Well, I understand completely
- that one of
1126
00:31:30,346 --> 00:31:32,319
- the most important parts
- of this whole process
1127
00:31:32,322 --> 00:31:33,802
is what you all know
1128
00:31:33,803 --> 00:31:35,284
and where you've been,
1129
00:31:35,285 --> 00:31:36,767
how far you've gotten,
1130
00:31:36,768 --> 00:31:38,249
the connections you have.
1131
00:31:38,250 --> 00:31:39,733
So that to me e means, eally,
1132
00:31:39,734 --> 00:31:41,214
more than the money.
1133
00:31:41,215 --> 00:31:42,698
I mean, there's ways
1134
00:31:42,699 --> 00:31:44,180
to get the money.
1135
00:31:44,181 --> 00:31:46,157
- What are you gonna do about it?
- Do you want it?
1136
00:31:47,146 --> 00:31:49,124
You know what? I'd love to take your offer.
1137
00:31:50,111 --> 00:31:52,088
I'm so happy. We're gonna
1138
00:31:52,089 --> 00:31:54,065
make money on this together.
1139
00:31:50,111 --> 00:31:54,064
All right. Great.
1140
00:31:54,065 --> 00:31:55,547
You're gonna like me a lot more
1141
00:31:55,548 --> 00:31:57,030
than the guys. Trust me.
1142
00:31:54,065 --> 00:31:57,029
I am.
1143
00:31:57,030 --> 00:31:59,007
- They were actually all
- very nice to me, though, so--
1144
00:31:59,010 --> 00:32:00,984
- they're nice, but they didn't
- give you the money.
1145
00:32:00,987 --> 00:32:02,961
- They didn't, so I guess they
- weren't too nice, were they?
1146
00:32:02,964 --> 00:32:04,936
I'm very happy. just the beginning.
1147
00:32:04,937 --> 00:32:06,420
Yes, it is.
1148
00:32:06,421 --> 00:32:07,903
Thank you very much.
1149
00:32:04,937 --> 00:32:07,902
Really. I know that. Thank you.
1150
00:32:07,903 --> 00:32:08,891
- Congratulations.
- Congratulations.
1151
00:32:08,894 --> 00:32:10,374
Thank you.
1152
00:32:10,375 --> 00:32:11,856
That was great.
1153
00:32:21,741 --> 00:32:23,223
Hey, you know what
1154
00:32:23,224 --> 00:32:24,705
I loved about this girl?
1155
00:32:24,706 --> 00:32:26,683
- She had great passion,
- and more than anything else,
1156
00:32:26,686 --> 00:32:28,165
she reminded me of myself.
1157
00:32:28,166 --> 00:32:29,647
I saw myself looking at her.
1158
00:32:29,648 --> 00:32:31,131
There's no way that girl's
1159
00:32:31,132 --> 00:32:32,612
not gonna make it.
1160
00:32:32,613 --> 00:32:33,602
I'm excited because I think
1161
00:32:33,603 --> 00:32:35,579
- it's gonna be
- a really big opportunity.
1162
00:32:35,582 --> 00:32:37,061
Her mentorship is gonna be
1163
00:32:37,062 --> 00:32:38,543
the best part.
1164
00:32:38,544 --> 00:32:39,533
Next up are Omar soliman
1165
00:32:39,534 --> 00:32:40,523
and Nick Friedman,
1166
00:32:41,509 --> 00:32:43,486
- who want the sharks to invest
- in a spin-off venture
1167
00:32:43,489 --> 00:32:45,463
- of an already successful
- business--
1168
00:32:45,466 --> 00:32:47,439
college hunks hauling junk.
1169
00:32:47,440 --> 00:32:51,392
Will the sharks bite?
1170
00:32:51,393 --> 00:32:52,382
How's it going?
1171
00:32:52,383 --> 00:32:53,370
My name is Omar soliman.
1172
00:32:53,371 --> 00:32:55,347
This is my business partner
1173
00:32:55,348 --> 00:32:57,323
Nick Friedman.
1174
00:32:57,324 --> 00:32:59,380
- And our business is
- college foxes packing boxes--
1175
00:33:01,278 --> 00:33:02,266
- the educated choice moving preparation -
in professional organizing, and unpacking.
1176
00:33:02,269 --> 00:33:03,749
Imagine you were getting ready
1177
00:33:03,750 --> 00:33:05,230
to move from a house
1178
00:33:05,231 --> 00:33:07,207
you've lived in for 30 years.
1179
00:33:07,208 --> 00:33:09,185
- You literally have
- a lifetime worth of belongings
1180
00:33:09,188 --> 00:33:10,668
that you need packd pasorted,
1181
00:33:10,669 --> 00:33:12,149
decluttered and unpacked.
1182
00:33:12,150 --> 00:33:13,633
Who would you rather handling
1183
00:33:13,634 --> 00:33:15,115
your personal belongings--
1184
00:33:15,116 --> 00:33:16,598
this unprofessional,
1185
00:33:16,599 --> 00:33:18,080
unlicensed, uninsured mover
1186
00:33:18,081 --> 00:33:19,564
or these
1187
00:33:19,565 --> 00:33:21,045
professionally trained,
1188
00:33:21,046 --> 00:33:23,023
enthusiastic college foxes
1189
00:33:23,024 --> 00:33:24,999
packing boxes?
1190
00:33:25,000 --> 00:33:25,988
But, Omar, the problem is,
1191
00:33:25,989 --> 00:33:27,471
who would my wife
1192
00:33:27,472 --> 00:33:28,953
want to have do the moving?
1193
00:33:28,954 --> 00:33:30,929
What are you looking for?
1194
00:33:30,930 --> 00:33:32,907
We're looking for $250,000
1195
00:33:32,908 --> 00:33:34,883
for a 25% equity in our company.
1196
00:33:34,884 --> 00:33:36,367
When you invest in a business,
1197
00:33:36,368 --> 00:33:37,848
it's not just the idea
1198
00:33:37,849 --> 00:33:39,825
- you're investing in,
- but the people behind the idea.
1199
00:33:39,828 --> 00:33:41,802
- You want someone
- that's cut from the same
1200
00:33:41,805 --> 00:33:43,778
entrepreneurial cloth as you--
1201
00:33:43,779 --> 00:33:45,005
savvy, driven, a proven winner.
1202
00:33:45,756 --> 00:33:46,744
Omar and I founded
1203
00:33:46,745 --> 00:33:47,733
our first business--
1204
00:33:47,734 --> 00:33:49,709
college hunks hauling junk--
1205
00:33:49,710 --> 00:33:50,698
which is now the largest
1206
00:33:50,699 --> 00:33:51,686
and fastest-grest-g,
1207
00:33:51,687 --> 00:33:53,663
- U.S.-based junk removal
- franchise opportunity.
1208
00:33:53,666 --> 00:33:55,147
"Inc." magazine
1209
00:33:55,148 --> 00:33:56,628
recently named Omar and I
1210
00:33:56,628 --> 00:33:57,617
top 30 entrepreneurs
1211
00:33:57,618 --> 00:33:58,605
in America under 30...
1212
00:33:58,606 --> 00:34:00,581
Wow.
1213
00:34:00,582 --> 00:34:02,559
- And "entrepreneur" magazine
- named college hunks hauling junk
1214
00:34:02,562 --> 00:34:04,042
the top 30 new franchise
1215
00:34:04,043 --> 00:34:05,524
opportunities for 2009.
1216
00:34:02,559 --> 00:34:05,523
Very impressive.
1217
00:34:05,524 --> 00:34:07,007
And we plan to leverage
1218
00:34:07,008 --> 00:34:08,489
our economies of scale,
1219
00:34:08,490 --> 00:34:10,466
- our software, our call center,
- our marketing plan,
1220
00:34:10,469 --> 00:34:12,443
- our client base
- and our franchise program
1221
00:34:12,446 --> 00:34:14,420
- to grow college foxes
- packing boxes--
1222
00:34:14,423 --> 00:34:15,903
so the hunk business
1223
00:34:15,904 --> 00:34:17,384
is not on the table? Bl
1224
00:34:17,385 --> 00:34:18,374
the college hunks
1225
00:34:18,375 --> 00:34:19,362
hauling junk--
1226
00:34:17,385 --> 00:34:19,361
you have a successful business.
1227
00:34:19,362 --> 00:34:20,845
Right.
1228
00:34:20,846 --> 00:34:22,328
But you don't want
1229
00:34:19,362 --> 00:34:22,327
to sell me that.
1230
00:34:22,328 --> 00:34:23,810
You want to sell me
1231
00:34:23,811 --> 00:34:25,292
a new business.
1232
00:34:25,293 --> 00:34:26,281
Exact--well--
1233
00:34:26,282 --> 00:34:27,270
why would I ever
1234
00:34:25,293 --> 00:34:27,269
give you dollars
1235
00:34:27,270 --> 00:34:28,752
for one that I have no idea
1236
00:34:28,753 --> 00:34:30,234
if it's gonna work or not
1237
00:34:30,235 --> 00:34:31,718
without getting a piece
1238
00:34:31,719 --> 00:34:33,199
of what's working,
1239
00:34:33,200 --> 00:34:34,189
when really it's just
1240
00:34:34,190 --> 00:34:35,177
an extension
1241
00:34:35,178 --> 00:34:37,154
- of something
- you've already built?
1242
00:34:37,157 --> 00:34:38,637
We're not idiots up here. And if
1243
00:34:38,638 --> 00:34:40,118
you want to get $250,000--
1244
00:34:40,119 --> 00:34:41,108
- is that the number?
- Yes.
1245
00:34:41,111 --> 00:34:43,084
- We're gonna take a huge piece
- of your existing business.
1246
00:34:43,087 --> 00:34:44,567
Are you gonna work
1247
00:34:44,568 --> 00:34:46,049
in the fox business?
1248
00:34:46,050 --> 00:34:48,027
- We're gonna hire a c.F.O.,
- a chief fox officer--
1249
00:34:48,030 --> 00:34:50,992
- (Robert and O'Leary - speaking
indistinctlnctly)I can't wait to see - her.
1250
00:34:50,995 --> 00:34:52,969
I'm gonna give you my money,
1251
00:34:52,970 --> 00:34:54,946
and then you're gonna put
1252
00:34:50,992 --> 00:34:54,945
your energy into the hunks?
1253
00:34:54,946 --> 00:34:56,922
- It's peanut butter and jelly,
- because you're gonna benefit--
1254
00:34:56,923 --> 00:34:57,911
- yeah, but you have
- the peanut butter. Ut
1255
00:34:57,914 --> 00:34:59,888
- you're not giving us
- the jelly.
1256
00:34:59,891 --> 00:35:01,865
You gotta package both
1257
00:35:01,866 --> 00:35:03,841
businesses.
1258
00:34:59,888 --> 00:35:03,840
What are your sales?
1259
00:35:03,841 --> 00:35:04,830
- For college hunks
- hauling junk
1260
00:35:04,833 --> 00:35:06,807
- or college foxes
- packing boxes?
1261
00:35:06,808 --> 00:35:07,795
- Forget foxes.
- The one that's working.
1262
00:35:07,798 --> 00:35:09,772
- We netted
- $500,000 last year.
1263
00:35:09,775 --> 00:35:11,749
- Ooh.
- Sales.
1264
00:35:11,752 --> 00:35:13,231
We had a profit margin
1265
00:35:13,232 --> 00:35:14,714
of about 20%.
1266
00:35:11,749 --> 00:35:14,713
Ca-ching.
1267
00:35:14,714 --> 00:35:16,197
This is why
1268
00:35:16,198 --> 00:35:17,678
we gotta have the hunks.
1269
00:35:17,679 --> 00:35:19,162
Hey, that--that may not
1270
00:35:19,163 --> 00:35:20,644
sound right on TV. Hang on.
1271
00:35:20,645 --> 00:35:22,127
I think the attractive thing
1272
00:35:22,128 --> 00:35:23,609
that you've offered here
1273
00:35:23,610 --> 00:35:24,598
- is that you have built
- this infrastructure,
1274
00:35:24,601 --> 00:35:26,575
and the existing success
1275
00:35:26,576 --> 00:35:28,551
that you've already proven--
1276
00:35:28,552 --> 00:35:30,528
if you're gonna leverage it in,
1277
00:35:30,529 --> 00:35:31,517
le have
1278
00:35:31,518 --> 00:35:32,506
a piece of that also.
1279
00:35:32,507 --> 00:35:33,495
Guys, I'm gonna make you
1280
00:35:33,496 --> 00:35:34,485
an offer right now.
1281
00:35:35,471 --> 00:35:37,448
I'll do 51% for 250k.
1282
00:35:37,450 --> 00:35:38,931
For what?
1283
00:35:38,932 --> 00:35:40,412
The existing business.
1284
00:35:40,413 --> 00:35:42,389
Everything, everything.
1285
00:35:42,390 --> 00:35:43,378
Don't laugh so fast, buddy.
1286
00:35:43,379 --> 00:35:44,861
It's not easy to come up
1287
00:35:44,862 --> 00:35:46,343
with $250,000.
1288
00:35:46,344 --> 00:35:48,321
Be very careful. Never laugh
1289
00:35:48,322 --> 00:35:50,296
at money. Think about that.
1290
00:35:50,297 --> 00:35:51,286
Why don't you offer us
1291
00:35:51,287 --> 00:35:52,274
the hunks and the foxes
1292
00:35:52,275 --> 00:35:54,250
for a dollar amount?
1293
00:35:54,251 --> 00:35:56,228
- I'm serious.
- Why don't you start agait ag
1294
00:35:56,231 --> 00:35:58,204
go back out and start again.
1295
00:35:58,205 --> 00:36:00,181
Come back in
1296
00:36:00,182 --> 00:36:01,664
and make us an offer
1297
00:36:01,665 --> 00:36:03,146
on the overall business.
1298
00:36:03,147 --> 00:36:05,124
Okay.
1299
00:36:09,079 --> 00:36:11,054
They have to be combined.
1300
00:36:11,056 --> 00:36:14,020
- It's gotta be one businessness. That's
the only way - that the deal makes sense.
1301
00:36:14,023 --> 00:36:15,502
I mean, we didn't come on here
1302
00:36:15,503 --> 00:36:16,984
to give up anything
1303
00:36:16,985 --> 00:36:18,962
- of college hunks hauling junk, - right?
- Right.
1304
00:36:18,965 --> 00:36:20,444
I mean, we started that from
1305
00:36:20,445 --> 00:36:21,926
scratch with no investment.
1306
00:36:21,927 --> 00:36:23,410
They don't see
1307
00:36:23,411 --> 00:36:24,891
that a $250,000 investment
1308
00:36:24,892 --> 00:36:26,869
- can spin
- college foxes packing boxes
1309
00:36:26,870 --> 00:36:27,858
- to a 70-franchise op--
- location in 2 years?
1310
00:36:27,860 --> 00:36:29,834
- You wantnt to
- throw out a number?
1311
00:36:29,837 --> 00:36:31,811
- You know, we're talking about
- a very viable,
1312
00:36:31,814 --> 00:36:33,787
successful business here
1313
00:36:33,788 --> 00:36:35,271
that we just--
1314
00:36:35,272 --> 00:36:36,753
we can't sell it short.
1315
00:36:39,719 --> 00:36:41,695
Okay, guys,
1316
00:36:41,696 --> 00:36:43,671
what do you say?
1317
00:36:43,672 --> 00:36:45,155
Look... we built
1318
00:36:45,156 --> 00:36:46,637
college hunks hauling junk
1319
00:36:46,638 --> 00:36:47,626
from a cargo Van
1320
00:36:47,627 --> 00:36:49,603
- to a $3-million company
- in 3 years.
1321
00:36:49,606 --> 00:36:51,086
We put all our blood, sweat
1322
00:36:51,086 --> 00:36:52,567
and tears into that company.
1323
00:36:52,568 --> 00:36:53,557
There's no way we can
1324
00:36:53,558 --> 00:36:54,545
sell ourselves short
1325
00:36:54,546 --> 00:36:56,522
for that amount that you off--
1326
00:36:56,523 --> 00:36:58,498
that you offered of $250,000.
1327
00:36:58,499 --> 00:36:59,487
You take it or not?
1328
00:36:59,488 --> 00:37:00,476
They said no.
1329
00:37:00,477 --> 00:37:02,452
What's your offer?
1330
00:37:02,453 --> 00:37:04,428
Okay, what's your offer?
1331
00:37:04,429 --> 00:37:05,418
The offer's $1 million
1332
00:37:05,419 --> 00:37:06,406
for 10%.
1333
00:37:06,407 --> 00:37:08,382
What?!
1334
00:37:08,383 --> 00:37:09,866
Are you guys out of your minds?
1335
00:37:09,867 --> 00:37:11,347
Bear with me.
1336
00:37:11,348 --> 00:37:12,337
Guys, I want to tell you
1337
00:37:12,338 --> 00:37:13,325
something right now--
1338
00:37:13,326 --> 00:37:15,302
- you will never, ever--
- either of you--
1339
00:37:15,305 --> 00:37:17,773
get to this side of the table
1340
00:37:17,774 --> 00:37:20,243
doing a deal like that, ever.
1341
00:37:20,244 --> 00:37:21,727
You know why
1342
00:37:21,728 --> 00:37:23,208
you're wearingearise ties?
1343
00:37:23,209 --> 00:37:26,174
You're pigs.
1344
00:37:26,175 --> 00:37:28,150
Pigs get slaughtered.
1345
00:37:28,151 --> 00:37:29,634
You're asking
1346
00:37:29,635 --> 00:37:31,116
for a ridiculous valuation.
1347
00:37:31,117 --> 00:37:32,599
Crazy. insane. Your business
1348
00:37:32,600 --> 00:37:34,081
isn't worth $10 million.
1349
00:37:34,082 --> 00:37:36,058
It's worth maybe,
1350
00:37:36,059 --> 00:37:37,541
if I'm being really generous,
1351
00:37:37,542 --> 00:37:39,023
600k.
1352
00:37:39,024 --> 00:37:40,507
There's a huge difference.
1353
00:37:40,508 --> 00:37:41,989
How can that be--
1354
00:37:39,024 --> 00:37:41,988
how do you get that number?
1355
00:37:41,989 --> 00:37:43,966
- How is that possible?
- We have one location in D.C.
1356
00:37:43,969 --> 00:37:45,943
- That profits $300,000 a year. - I'm just
- talking about numbers.
1357
00:37:45,946 --> 00:37:47,426
Why are you being so greedy?
1358
00:37:47,427 --> 00:37:48,907
We're not being greedy.
1359
00:37:48,908 --> 00:37:50,885
- We just--we--we just--
- what, do you think I'm idiot?
1360
00:37:50,886 --> 00:37:51,874
- I'm gonna give you
- a $10-million valuation?
1361
00:37:51,875 --> 00:37:52,862
- I totally understand.
- If you don't see--
1362
00:37:52,865 --> 00:37:54,838
now you're pissing me off.
1363
00:37:54,839 --> 00:37:56,322
Look, why don't you stop this
1364
00:37:56,323 --> 00:37:57,803
crap and deal with reality?
1365
00:37:57,804 --> 00:37:58,793
- You really think
- you're worth $10 million?
1366
00:37:58,796 --> 00:38:00,769
- I-i believe the business
- is worth wor million.
1367
00:38:00,772 --> 00:38:02,745
I believe in 5 years,
1368
00:38:02,746 --> 00:38:03,735
- the business will be worth
- $10 million.
1369
00:38:03,738 --> 00:38:06,206
Oh, I'm so frustrated.
1370
00:38:06,207 --> 00:38:08,677
I'm so unhappy with you guys.
1371
00:38:03,735 --> 00:38:08,676
So--
1372
00:38:08,677 --> 00:38:10,653
you're right. I'm out.
1373
00:38:10,654 --> 00:38:12,136
Thank you. So that means
1374
00:38:12,137 --> 00:38:13,618
you get to stop talking, right?
1375
00:38:13,619 --> 00:38:14,607
That's good attitude.
1376
00:38:14,608 --> 00:38:15,596
That's good attitude.
1377
00:38:13,619 --> 00:38:15,595
Okay, you know what?
1378
00:38:15,596 --> 00:38:17,078
But I gotta tell you,
1379
00:38:17,079 --> 00:38:18,560
never insult money.
1380
00:38:18,561 --> 00:38:19,551
Oh, okay. so...
1381
00:38:19,552 --> 00:38:20,540
Uncle Kevin's out.
1382
00:38:21,526 --> 00:38:22,515
Uncle daymond?
1383
00:38:22,516 --> 00:38:24,492
I would just be uneasy with,
1384
00:38:24,493 --> 00:38:26,468
um, the fact of young girls,
1385
00:38:26,469 --> 00:38:28,445
uh, merofiting off of that,
1386
00:38:28,446 --> 00:38:30,421
because I just feel, you know,
1387
00:38:30,422 --> 00:38:32,399
- the calls would be a whole bunch
- of guys in trench coats.
1388
00:38:32,402 --> 00:38:34,376
- "Hey, I need to move again."
- We don't't have s--
1389
00:38:34,379 --> 00:38:37,340
I'm out.
1390
00:38:37,341 --> 00:38:38,330
These guys
1391
00:38:38,331 --> 00:38:39,318
have done a great job
1392
00:38:39,319 --> 00:38:41,295
- of building the business
- to this point.
1393
00:38:41,298 --> 00:38:42,778
But theyt thvaluing
1394
00:38:42,779 --> 00:38:44,259
their business based on
1395
00:38:44,260 --> 00:38:45,249
- where they're gonna be - in the future.
- Yes, exactly.
1396
00:38:45,250 --> 00:38:47,225
- We're valuing the business
- on where it is today.
1397
00:38:47,228 --> 00:38:49,201
So I'm--I'm out.
1398
00:38:49,202 --> 00:38:51,178
Barbara?
1399
00:38:51,179 --> 00:38:52,662
I have no doubt in my mind
1400
00:38:52,663 --> 00:38:54,144
you're gonna succeed
1401
00:38:51,179 --> 00:38:54,143
at your business
1402
00:38:54,144 --> 00:38:55,133
- just as you did
- the first business.
1403
00:38:55,136 --> 00:38:57,110
- But I think
- you want us to pay now
1404
00:38:57,113 --> 00:38:59,087
- with what it's gonna be worth
- five yea years,
1405
00:38:59,090 --> 00:39:00,569
and that's a tall order.
1406
00:39:00,570 --> 00:39:02,052
Nobody's comfortable like that.
1407
00:39:04,029 --> 00:39:06,006
I'm sorry. I'm out.
1408
00:39:08,971 --> 00:39:11,442
Four sharks are now out.
1409
00:39:11,443 --> 00:39:13,912
Only Robert remains in.
1410
00:39:13,913 --> 00:39:16,877
This is a tough one.
1411
00:39:16,878 --> 00:39:18,361
I think you did
1412
00:39:18,362 --> 00:39:19,842
a really good job
1413
00:39:19,843 --> 00:39:20,832
of being confident
1414
00:39:20,833 --> 00:39:21,820
without being arrogant.
1415
00:39:21,821 --> 00:39:23,303
When somebody insults you,
1416
00:39:23,304 --> 00:39:24,785
you shouldn't insult 'em back,
1417
00:39:24,786 --> 00:39:26,268
but you should
1418
00:39:26,269 --> 00:39:27,750
stand up for yourself.
1419
00:39:27,751 --> 00:39:28,739
So I like that.
1420
00:39:28,740 --> 00:39:29,728
Here's my problem--
1421
00:39:29,729 --> 00:39:32,199
you want to use $250,000
1422
00:39:32,200 --> 00:39:34,669
to take a risk on the foxes.
1423
00:39:34,670 --> 00:39:36,152
I have a problem with that.
1424
00:39:36,153 --> 00:39:37,635
Well, what if we came
1425
00:39:34,670 --> 00:39:37,634
to the table with--
1426
00:39:37,635 --> 00:39:38,624
hang on a sec.
1427
00:39:38,625 --> 00:39:39,612
I'll make you an offer.
1428
00:39:39,613 --> 00:39:41,588
Let's go 50/50 on the foxesxes
1429
00:39:41,589 --> 00:39:42,577
and give me 10%
1430
00:39:42,578 --> 00:39:43,566
for my investment.
1431
00:39:43,567 --> 00:39:45,542
In taking faith in you,
1432
00:39:45,543 --> 00:39:47,519
give me 10% of the hunks
1433
00:39:47,520 --> 00:39:49,496
for my $250,000 also.
1434
00:39:53,450 --> 00:39:54,438
Interesting structure.
1435
00:39:54,439 --> 00:39:55,427
That is a great deal.
1436
00:39:55,428 --> 00:39:56,909
Yeah.
1437
00:39:56,910 --> 00:39:58,391
And I am a great guy.
1438
00:39:58,392 --> 00:39:59,380
So you're saying $250,000
1439
00:39:59,381 --> 00:40:00,863
for 10%
1440
00:40:00,864 --> 00:40:02,345
of college hunks hauling junk
1441
00:40:02,346 --> 00:40:03,334
and 50% of college foxes
1442
00:40:03,335 --> 00:40:04,323
packing boxes?
1443
00:40:04,324 --> 00:40:05,805
Think of the 10% in the hunks
1444
00:40:05,806 --> 00:40:07,287
as my as materal
1445
00:40:07,288 --> 00:40:09,265
in case we crash and burn
1446
00:40:09,266 --> 00:40:11,242
on the foxes.
1447
00:40:13,218 --> 00:40:15,194
What do you want to do?
1448
00:40:15,195 --> 00:40:19,149
♪♪♪♪♪
1449
00:40:26,068 --> 00:40:28,044
Are out,
1450
00:40:28,045 --> 00:40:29,034
but Robert has an offer
1451
00:40:29,035 --> 00:40:30,024
on the table.
1452
00:40:31,010 --> 00:40:32,986
Will nk and Omar accept it?
1453
00:40:32,987 --> 00:40:34,963
What do you want to do?
1454
00:40:34,964 --> 00:40:36,940
So you're saying $250,000
1455
00:40:36,941 --> 00:40:38,917
- for 10%
- of college hunks hauling junk
1456
00:40:38,920 --> 00:40:40,400
and 50% of college foxes
1457
00:40:40,401 --> 00:40:41,882
packing boxes?
1458
00:40:41,883 --> 00:40:44,847
That is a sweetheart deal.
1459
00:40:44,848 --> 00:40:46,331
10--i mean,
1460
00:40:46,332 --> 00:40:47,812
we can't mess with--
1461
00:40:47,813 --> 00:40:49,296
we don't want to mess
1462
00:40:49,297 --> 00:40:50,778
with 250 and 10%.
1463
00:40:50,779 --> 00:40:53,744
What are you doing?
1464
00:40:56,709 --> 00:40:58,192
We're gonna pass
1465
00:40:58,193 --> 00:40:59,673
sson offer.
1466
00:40:59,674 --> 00:41:00,663
Whoa.
1467
00:41:00,664 --> 00:41:02,145
That's just not,
1468
00:41:02,146 --> 00:41:03,627
in our view, fair
1469
00:41:03,628 --> 00:41:04,617
based on the blo t,
1470
00:41:04,618 --> 00:41:05,605
sweat and tears
1471
00:41:03,628 --> 00:41:05,604
we've put into the business
1472
00:41:05,605 --> 00:41:07,088
and the upswing that college
1473
00:41:07,089 --> 00:41:08,569
hunks potential has. Um...
1474
00:41:08,570 --> 00:41:11,535
Omar, Nick... bad mistake.
1475
00:41:14,501 --> 00:41:15,489
I think we're all out.
1476
00:41:15,490 --> 00:41:16,478
Thanks, guys.
1477
00:41:16,480 --> 00:41:18,454
- Good luck - to you guys.
- Thanks for your time.
1478
00:41:18,455 --> 00:41:19,444
Too bad.
1479
00:41:33,281 --> 00:41:34,269
I still like them.
1480
00:41:37,235 --> 00:41:40,200
- He should've taken my offer. - I like 'em a lot. my offer was a good offer.
- They're hustlers. You overpaid so much.
1481
00:41:40,201 --> 00:41:41,188
That's what kills me.
1482
00:41:41,189 --> 00:41:42,177
He didn't see the fact
1483
00:41:42,178 --> 00:41:44,154
- that I was willing to
- overpay to be involved.
1484
00:41:44,156 --> 00:41:46,130
- And yet he still s sd no.
- What does that tell you?
1485
00:41:46,133 --> 00:41:47,613
It tells me I can be
1486
00:41:47,614 --> 00:41:49,095
a real jerk like you
1487
00:41:49,096 --> 00:41:51,072
- and still end up
- in the same place with a no.
1488
00:41:51,075 --> 00:41:53,049
- You know what?
- I have no problem
1489
00:41:53,052 --> 00:41:54,532
telling a guy who's a pig
1490
00:41:54,533 --> 00:41:56,015
he's aig, and he's a pig.
1491
00:41:57,991 --> 00:41:58,980
- That's why it's called
- the "shark tank."
1492
00:41:58,983 --> 00:42:00,957
- It's not called
- the bunny tank.
1493
00:42:00,960 --> 00:42:02,439
They stheyed blood in the water,
1494
00:42:02,440 --> 00:42:03,921
they saw a successful business,
1495
00:42:03,922 --> 00:42:05,345
- and they just jumped
- all over it.
1496
00:42:11,829 --> 00:42:14,123
- Next week on "shark tank"...
- What would I pay for that?
1497
00:42:14,795 --> 00:42:16,772
Uh, $9.50.
1498
00:42:16,773 --> 00:42:18,748
Stop the madness.
1499
00:42:14,795 --> 00:42:18,747
Are you out of your mind?
1500
00:42:18,748 --> 00:42:19,737
- $9.50 for one?
- Yes.
1501
00:42:19,740 --> 00:42:21,714
- We believe that we could be
- the next big brand.
1502
00:42:21,717 --> 00:42:23,691
- I'm getting emotionally attached
- to it because it is one of
1503
00:42:23,693 --> 00:42:25,173
the best products
1504
00:42:25,174 --> 00:42:26,656
I've ever seen.
1505
00:42:23,691 --> 00:42:26,655
And I also love the product.
1506
00:42:26,656 --> 00:42:28,138
My offer is $500,000$5
1507
00:42:28,139 --> 00:42:29,621
I'll make you a better offer.
1508
00:42:29,623 --> 00:42:31,598
I'll give you $1 million.
1509
00:42:33,577 --> 00:42:35,058
You've seen a guy
1510
00:42:35,059 --> 00:42:36,539
screw his partners,
1511
00:42:36,540 --> 00:42:38,023
and I won't forget this,
1512
00:42:38,024 --> 00:42:39,505
Robert.
1513
00:42:36,540 --> 00:42:39,505
"Ooh."
99997
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