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These are the user uploaded subtitles that are being translated: 1 00:00:06,761 --> 00:00:08,343 - These are the sharks-- - five powerful, 2 00:00:09,728 --> 00:00:11,210 self-made investors 3 00:00:11,211 --> 00:00:12,692 worth billions. 4 00:00:12,693 --> 00:00:14,176 Tonight they will 5 00:00:14,177 --> 00:00:15,656 make or break the dreams 6 00:00:15,657 --> 00:00:17,633 of hopeful entrepreneurs. 7 00:00:17,634 --> 00:00:19,610 ♪♪♪♪♪ 8 00:00:19,611 --> 00:00:20,599 In the tank, the sharks 9 00:00:20,600 --> 00:00:21,588 are ready to invest 10 00:00:21,589 --> 00:00:23,564 using their own money, 11 00:00:23,565 --> 00:00:25,047 but only for the right person 12 00:00:25,048 --> 00:00:26,529 with the right idea. 13 00:00:26,530 --> 00:00:28,507 - We put all our blood, sweat - and tears into that company. 14 00:00:28,510 --> 00:00:29,990 Don't cry about money. 15 00:00:29,991 --> 00:00:31,472 It never cries for you. 16 00:00:31,473 --> 00:00:32,956 In the worst economic times 17 00:00:32,957 --> 00:00:34,437 since the great depression, 18 00:00:34,438 --> 00:00:36,415 - the sharks are the last chance - for entrepreneurs 19 00:00:36,418 --> 00:00:38,392 to get the financial backing 20 00:00:38,393 --> 00:00:40,368 they desperately need. 21 00:00:40,369 --> 00:00:41,357 The offer's $1 million 22 00:00:41,358 --> 00:00:42,346 for 10%. 23 00:00:42,346 --> 00:00:43,334 What?! 24 00:00:43,335 --> 00:00:45,311 - Why are you being - so greedy? 25 00:00:45,314 --> 00:00:46,794 I've made you a good offer. 26 00:00:46,795 --> 00:00:48,275 What are you gonna do about it? 27 00:00:48,276 --> 00:00:49,265 Do you want it? 28 00:00:49,266 --> 00:00:50,253 Yes 29 00:00:50,254 --> 00:00:52,921 who are the sharks? 30 00:00:53,021 --> 00:00:54,009 - Kevin O'Leary - knows how to make money. 31 00:00:54,210 --> 00:00:56,184 He started a software business 32 00:00:56,185 --> 00:00:58,160 in his basement, 33 00:00:58,160 --> 00:01:01,126 - Kevin o'leary which he eventually sold - knows how to make money. for $3.2 billion. 34 00:01:01,129 --> 00:01:02,608 Barbara corcoran-- 35 00:01:02,609 --> 00:01:04,089 this fiery real estate mogul 36 00:01:04,090 --> 00:01:05,078 turned a $1,000 loan 37 00:01:05,079 --> 00:01:06,067 into a real estate empire 38 00:01:06,068 --> 00:01:08,043 worth hundreds of millions 39 00:01:08,044 --> 00:01:09,526 in the shark-filled city 40 00:01:09,527 --> 00:01:11,008 of Manhattan. 41 00:01:11,009 --> 00:01:12,986 - Kevin harrington - is the king of infomercials. 42 00:01:12,989 --> 00:01:14,963 - His gehis marketing - of products 43 00:01:14,966 --> 00:01:16,445 such as the Obama coin 44 00:01:16,446 --> 00:01:17,927 and the rock 'n roll stepper 45 00:01:17,928 --> 00:01:19,905 - have amassed - billions of dollars in sales. 46 00:01:19,908 --> 00:01:21,387 Daymond John literally turned 47 00:01:21,388 --> 00:01:22,869 rags to riches 48 00:01:22,870 --> 00:01:24,846 with his clothing brand fubu, 49 00:01:24,847 --> 00:01:25,835 which has grossed over 50 00:01:25,836 --> 00:01:26,824 $6 billion 51 00:01:26,826 --> 00:01:28,307 in worldwide retail sales 52 00:01:28,308 --> 00:01:29,788 to date. 53 00:01:29,789 --> 00:01:31,766 - And Robert herjavec, wc, whod - his Internet companies 54 00:01:31,769 --> 00:01:33,742 for over $350 million. 55 00:01:33,743 --> 00:01:35,225 Now this self-made 56 00:01:35,226 --> 00:01:36,707 technology magnate 57 00:01:36,708 --> 00:01:38,687 is a venture capitalist 58 00:01:39,673 --> 00:01:40,662 and runs 59 00:01:40,663 --> 00:01:41,650 his own software company. 60 00:01:41,651 --> 00:01:43,133 If the sharks hear a good idea, 61 00:01:43,134 --> 00:01:44,615 they'll fight each other 62 00:01:47,581 --> 00:01:49,558 - for a piece of it. - Robert just offered you nothingno, I didn't. - And told you to pound sand. I didn't do that. 63 00:01:49,561 --> 00:01:51,040 I gave him a shot at the brass 64 00:01:51,041 --> 00:01:52,522 ring. you're giving him nothing. 65 00:01:52,523 --> 00:01:54,006 But first the entrepreneurs 66 00:01:54,007 --> 00:01:55,487 must convince the sharks 67 00:01:55,488 --> 00:01:56,477 to est the full amount 68 00:01:56,478 --> 00:01:57,465 their asking for 69 00:01:57,466 --> 00:01:59,442 - or they'll walk away - with nothing. - Would you consider-- 70 00:01:59,443 --> 00:02:00,430 if you do counter, 71 00:02:00,431 --> 00:02:01,419 I will counter. 72 00:02:01,420 --> 00:02:03,396 - That's what I love - about money. 73 00:02:03,399 --> 00:02:04,878 It has no soul. 74 00:02:04,879 --> 00:02:06,360 It doesn't care. 75 00:02:06,361 --> 00:02:14,267 ♪♪♪♪♪ 76 00:02:14,268 --> 00:02:16,245 ♪ the best things 77 00:02:16,246 --> 00:02:18,221 in life are free ♪ 78 00:02:18,222 --> 00:02:19,210 ♪ but that ain't really 79 00:02:19,211 --> 00:02:20,199 good enough for me ♪ 80 00:02:20,200 --> 00:02:22,175 ♪ I need money ♪ 81 00:02:22,176 --> 00:02:24,151 ♪ that's what I want ♪ 82 00:02:24,152 --> 00:02:26,128 ♪ that's what I want ♪ 83 00:02:26,129 --> 00:02:28,105 ♪ that's what I want ♪ 84 00:02:28,106 --> 00:02:29,589 ♪ that's what I want ♪ 85 00:02:29,590 --> 00:02:31,070 ♪ that's what I want ♪ 86 00:02:31,071 --> 00:02:33,047 ♪ what I want ♪ 87 00:02:33,048 --> 00:02:35,025 ♪ that's what I want ♪ 88 00:02:41,946 --> 00:02:43,921 - First into the shark tank - is tod Wilson, 89 00:02:43,924 --> 00:02:45,405 who has been unable to get 90 00:02:45,406 --> 00:02:46,885 a loan anywhere else. 91 00:02:46,886 --> 00:02:48,369 He has come to the shark tank 92 00:02:48,370 --> 00:02:49,851 for his last chance 93 00:02:49,852 --> 00:02:51,828 to get the money he needs 94 00:02:51,829 --> 00:02:53,804 to grow his business. 95 00:02:53,805 --> 00:02:55,781 ♪♪♪♪♪ 96 00:02:55,782 --> 00:02:57,265 I'm tod Wilson 97 00:02:57,266 --> 00:02:58,746 from somerset, New Jersey. 98 00:02:58,747 --> 00:03:00,230 I'm the owner 99 00:03:00,231 --> 00:03:01,712 of Mr. tod's pie factory. 100 00:03:01,713 --> 00:03:03,195 Can I have a personal 101 00:03:03,196 --> 00:03:04,678 sweepotato pie? 102 00:03:01,713 --> 00:03:04,677 Would you like anything else? 103 00:03:04,678 --> 00:03:06,161 There's a big demand 104 00:03:06,162 --> 00:03:07,642 for our pies, 105 00:03:07,643 --> 00:03:08,632 especially the little 106 00:03:08,633 --> 00:03:09,620 sweet potato pie. 107 00:03:09,621 --> 00:03:11,103 The people a are lin up today. 108 00:03:11,104 --> 00:03:12,584 It's freezing outside, 109 00:03:12,585 --> 00:03:13,574 so they want something 110 00:03:13,575 --> 00:03:14,562 warm and tasty. 111 00:03:14,563 --> 00:03:16,539 - A lot of people talk about - making fresh pies. 112 00:03:16,542 --> 00:03:18,516 - We actually do that. These are - raw north Carolina jumbo yams. 113 00:03:18,519 --> 00:03:20,493 - We process anywhere from, - you know, 114 00:03:20,496 --> 00:03:22,472 - 5,000 to 6,000 pounds - of yams a week. 115 00:03:23,458 --> 00:03:24,644 We're here at the pie factory. 116 00:03:25,435 --> 00:03:27,491 - I got a fresh batch of pies - coming out the oven-- 117 00:03:28,400 --> 00:03:29,389 some hot apple pies. 118 00:03:29,390 --> 00:03:31,364 We sell over 3,000 pies a day, 119 00:03:31,365 --> 00:03:32,354 all going through 120 00:03:32,355 --> 00:03:33,342 this one oven. 121 00:03:33,343 --> 00:03:34,825 Good afternoon. 122 00:03:34,826 --> 00:03:36,307 Mr. tod's pie fae fact 123 00:03:36,308 --> 00:03:37,790 pies are my livelihood. I mean, 124 00:03:37,791 --> 00:03:39,272 this is what I do for a living. 125 00:03:39,273 --> 00:03:41,249 I take it very serious. 126 00:03:41,250 --> 00:03:43,226 - When I first started, - I was eager, I was younger, 127 00:03:43,229 --> 00:03:45,202 I made some bad decisions-- 128 00:03:45,203 --> 00:03:46,192 bad decisions 129 00:03:46,193 --> 00:03:47,180 that cost me everything. 130 00:03:47,181 --> 00:03:49,157 Okay, how you like your coffee? 131 00:03:49,158 --> 00:03:51,133 I've sacrificed a whole lot. 132 00:03:51,134 --> 00:03:52,617 I'm on my third bank loan. 133 00:03:52,618 --> 00:03:54,098 That's not an option anymore. 134 00:03:54,099 --> 00:03:55,582 So I have no other resources. 135 00:03:55,583 --> 00:03:57,063 I'm just tapped out. 136 00:03:57,064 --> 00:03:58,053 Do you have 137 00:03:58,054 --> 00:03:59,041 any coconut today? 138 00:03:59,041 --> 00:04:00,030 Right now I just need 139 00:04:00,032 --> 00:04:02,007 - someone like the sharks - to believe in me. 140 00:04:02,010 --> 00:04:03,490 Okay, man. Good seeing you, 141 00:04:03,491 --> 00:04:04,971 all right? 142 00:04:04,972 --> 00:04:07,937 ♪♪♪♪♪ 143 00:04:20,788 --> 00:04:21,776 Let's give everybody 144 00:04:21,777 --> 00:04:22,764 some pies. 145 00:04:22,765 --> 00:04:24,741 - Hello. - My name is tod Wilson. 146 00:04:24,744 --> 00:04:27,706 I'm from somerset, New Jersey. 147 00:04:27,707 --> 00:04:30,672 In exchange for $460,000, 148 00:04:30,673 --> 00:04:33,636 I'm offering you a 10% stake 149 00:04:33,637 --> 00:04:35,614 - in America's - next greatest food brand-- 150 00:04:35,617 --> 00:04:37,097 Mr. tod's pies. 151 00:04:37,098 --> 00:04:38,578 Thank you. 152 00:04:38,579 --> 00:04:39,568 Got some great samples 153 00:04:39,569 --> 00:04:40,556 for you today-- 154 00:04:40,557 --> 00:04:42,533 sweet potato pie-- 155 00:04:42,534 --> 00:04:44,510 wo what is that? 156 00:04:40,556 --> 00:04:44,509 What did I just try, tod? 157 00:04:44,510 --> 00:04:45,498 That is the, uh, 158 00:04:45,499 --> 00:04:46,487 buttermilk coconut pie. 159 00:04:44,510 --> 00:04:46,486 Coconut custard. 160 00:04:46,487 --> 00:04:47,969 That is fantastic. 161 00:04:47,970 --> 00:04:49,451 Thank you very much. 162 00:04:49,452 --> 00:04:50,440 We've got sweet potato 163 00:04:50,441 --> 00:04:51,429 up there, pecan, 164 00:04:51,430 --> 00:04:53,405 chocolate pecan. 165 00:04:53,406 --> 00:04:54,394 And as you can see, 166 00:04:54,395 --> 00:04:55,382 I believe in my product. 167 00:04:53,406 --> 00:04:55,382 Mmm. 168 00:04:55,382 --> 00:04:56,371 Who is 169 00:04:56,372 --> 00:04:57,359 the walking stuffed guy? 170 00:04:57,360 --> 00:04:58,842 And as you can see, 171 00:04:58,843 --> 00:05:00,325 I believe in my product. 172 00:04:57,359 --> 00:04:58,842 That's Mr. pie man. 173 00:04:58,843 --> 00:05:00,324 Mmm. he's part of the brand. 174 00:05:00,325 --> 00:05:01,807 Where are you selling these 175 00:05:01,808 --> 00:05:03,289 right now? 176 00:05:03,290 --> 00:05:04,773 Well, right now, our major 177 00:05:04,774 --> 00:05:06,254 market is on the wholesale side, 178 00:05:06,255 --> 00:05:08,231 and we sell a sweet potato pie, 179 00:05:08,232 --> 00:05:09,715 and this is what has made me 180 00:05:09,716 --> 00:05:11,196 a local brand in the area. 181 00:05:11,197 --> 00:05:12,186 This is real stuff, 182 00:05:12,187 --> 00:05:13,174 to the tune 183 00:05:13,175 --> 00:05:14,657 of almost $1 million in sales 184 00:05:14,658 --> 00:05:16,138 last year selling these pies. 185 00:05:16,139 --> 00:05:17,622 Come on. Hang on. You got 186 00:05:17,623 --> 00:05:19,104 $1 million in sales last year? 187 00:05:19,105 --> 00:05:21,081 $850,000, sir. 188 00:05:21,082 --> 00:05:23,058 Did you make money 189 00:05:23,059 --> 00:05:25,034 on your $850,000 in sales? 190 00:05:25,035 --> 00:05:26,518 Yes, sir. We've been averaging 191 00:05:26,519 --> 00:05:28,000 about 20% a year net income. 192 00:05:28,001 --> 00:05:28,989 Really? 193 00:05:28,990 --> 00:05:30,966 - Yes, sir. We're a wholesale - and retailer. 194 00:05:30,969 --> 00:05:32,943 - So--so, tod, you're selling - these pies, 195 00:05:32,946 --> 00:05:34,919 you're doing a million a year-- 196 00:05:34,920 --> 00:05:36,895 $850,000-- 197 00:05:36,896 --> 00:05:38,379 you got a cute little mascot 198 00:05:38,380 --> 00:05:39,861 who follows you around. 199 00:05:39,862 --> 00:05:40,850 'S the problem? 200 00:05:40,851 --> 00:05:41,838 Why are you here? 201 00:05:41,839 --> 00:05:44,094 - Well, the problem is, I can't - keep up with the demand. 202 00:05:44,804 --> 00:05:47,176 - I've got everybody from, uh, - national food service chains 203 00:05:47,769 --> 00:05:48,757 to local and national 204 00:05:48,758 --> 00:05:49,746 fast-food restaurants 205 00:05:49,747 --> 00:05:51,722 that want to carry the product, 206 00:05:51,723 --> 00:05:52,711 in particular, 207 00:05:52,712 --> 00:05:53,700 my sweet potato pie. 208 00:05:53,701 --> 00:05:55,675 That's my bell cow. 209 00:05:55,676 --> 00:05:57,653 - What percentage of y your - 800-plus thousand in sales 210 00:05:57,654 --> 00:05:58,642 is the sweet potato pie? 211 00:05:58,643 --> 00:06:00,618 Well, the sweet potato pie 212 00:06:00,619 --> 00:06:02,595 represents 94% 213 00:06:02,596 --> 00:06:04,571 of my wholesale business, 214 00:06:04,572 --> 00:06:06,056 which is about 50% 215 00:06:06,057 --> 00:06:07,539 of the $850,000. 216 00:06:08,526 --> 00:06:09,514 So half of the revenue 217 00:06:09,515 --> 00:06:10,503 comes from one flavor? 218 00:06:10,504 --> 00:06:12,479 That's correct, sir. 219 00:06:12,480 --> 00:06:13,962 How many flavors 220 00:06:13,963 --> 00:06:15,445 do you have? 221 00:06:12,480 --> 00:06:15,444 Over 30. 222 00:06:15,445 --> 00:06:16,433 Why? 223 00:06:16,434 --> 00:06:17,423 Well, we're a wholesale 224 00:06:17,424 --> 00:06:18,412 and a retailer. 225 00:06:19,399 --> 00:06:21,059 - Yeah, but it's so clear - right away here 226 00:06:21,375 --> 00:06:22,364 that if you are 227 00:06:22,365 --> 00:06:23,352 the sweet potato pie guy, 228 00:06:23,353 --> 00:06:25,328 that's all you need to be. 229 00:06:25,329 --> 00:06:26,318 What's the unique aspect 230 00:06:26,319 --> 00:06:27,306 of the pies? 231 00:06:27,307 --> 00:06:29,282 It's a family recipe. 232 00:06:29,283 --> 00:06:31,260 - It's a recipe that my mother - and I have been working on 233 00:06:31,263 --> 00:06:32,742 for the last 15, 20 years. 234 00:06:32,743 --> 00:06:34,225 Once you get the money, 235 00:06:31,260 --> 00:06:34,224 are you gonna build a new oven? 236 00:06:34,225 --> 00:06:35,708 What are you gonna do? 237 00:06:35,709 --> 00:06:37,190 The majority of the money-- 238 00:06:34,225 --> 00:06:37,189 approximately $300,000-- 239 00:06:37,190 --> 00:06:39,167 - will go towards outfitting - a production facility. 240 00:06:39,170 --> 00:06:40,650 Uh, we also want to get 241 00:06:40,651 --> 00:06:42,131 some type of street team level, 242 00:06:42,132 --> 00:06:44,108 um, marketing going 243 00:06:44,109 --> 00:06:45,592 where we go out into the cities 244 00:06:45,593 --> 00:06:47,074 and push our pies.les. 245 00:06:47,075 --> 00:06:48,557 How did you get into the pies? 246 00:06:48,558 --> 00:06:50,040 I got in 247 00:06:47,075 --> 00:06:50,039 through the pie business 248 00:06:50,040 --> 00:06:52,016 because my competitor-- 249 00:06:52,017 --> 00:06:53,993 - I helped him start that business - prior to going to college. 250 00:06:53,996 --> 00:06:55,476 When I finished college, 251 00:06:55,477 --> 00:06:56,958 I decided it was time for me 252 00:06:56,959 --> 00:06:58,935 to move out on my own. 253 00:06:58,936 --> 00:07:00,418 My first time out, I got 254 00:07:00,419 --> 00:07:01,900 an m.B.A. In the streets 255 00:07:01,901 --> 00:07:03,384 when I realized I started off 256 00:07:03,385 --> 00:07:04,865 too big too soon. 257 00:07:04,866 --> 00:07:06,349 I spent the next four months 258 00:07:06,350 --> 00:07:07,831 living in my car. 259 00:07:08,821 --> 00:07:10,796 I regrouped, 260 00:07:10,797 --> 00:07:12,773 got myself back together, 261 00:07:12,774 --> 00:07:13,762 and I said, "lord, 262 00:07:13,763 --> 00:07:14,750 give me another chance." 263 00:07:14,751 --> 00:07:16,727 - And with the-- - six, seven years later, 264 00:07:16,728 --> 00:07:17,716 I've got two locations 265 00:07:17,717 --> 00:07:19,692 and a bobooming wholesale business. 266 00:07:19,693 --> 00:07:21,175 Tod, don't cry about money. 267 00:07:21,176 --> 00:07:22,657 It never cries for you. 268 00:07:22,658 --> 00:07:24,634 Kevin's wrong. 269 00:07:24,635 --> 00:07:26,117 If you're emotional 270 00:07:26,118 --> 00:07:27,599 and you're great at something, 271 00:07:27,600 --> 00:07:28,588 the money will fwillw. 272 00:07:28,589 --> 00:07:29,577 Yes. 273 00:07:29,578 --> 00:07:31,059 I think you're not doing this 274 00:07:31,060 --> 00:07:32,541 for the money. 275 00:07:32,542 --> 00:07:33,530 You did this to prove something 276 00:07:33,531 --> 00:07:35,013 and you're successful because 277 00:07:35,014 --> 00:07:36,495 you're passionate about it. 278 00:07:36,496 --> 00:07:37,978 Let the guy cry about it. 279 00:07:37,979 --> 00:07:39,460 The guy loves what he does. 280 00:07:39,461 --> 00:07:40,449 What's wrong with that? 281 00:07:40,450 --> 00:07:41,438 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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