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Shark Tank 10-12-12

Discussion in 'Now Playing - TV Show Talk' started by Turtleboy, Oct 13, 2012.

  1. kdelande

    kdelande TiVo-Wobble

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    YES! Can't stand Barbara and Lori is a total MILF who I think has her stuff more together and is way better connected than Barbara.
     
  2. BrandonRe

    BrandonRe Well-Known Member TCF Club

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    I thought it was a bad idea to try to sell the spatulas to cosmetic companies like Mary Kay and Avon. They have no incentive to help customers get every drop out if the bottle. Their financial incentive is to have the customer have to buy more product sooner.
     
  3. inaka

    inaka Well-Known Member

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    If you watch the British version of Dragon's Den they would often show many of the pitches from the start without editing. You get to see how nervous people are and how much they really stumble out of the gate, etc. It makes for interesting TV.

    The US version is far more polished and slick with it's editing, which can be good or bad depending on how you look at it.
     
  4. DevdogAZ

    DevdogAZ Give em Hell, Devils

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    Totally agree. The innovation is to have the energy formula in a food rather than a drink. Why is he also trying to create an entirely new product category (convenience-store waffles) rather than simply putting his energy formula into a snack food that people have already shown an interest in purchasing? What's wrong with an energy candy bar or a pack of energy chips?
    There was nothing wrong with the buyback. If it takes off, she gets 4x on her money for half her investment, and gets 10% equity in the company for the other half of her investment. Seemed like a great deal for all involved. And Cuban was totally wrong on that. He may not like the vitamin/supplement industry and may think all these products are scams, but what he was failing to recognize is that this industry makes many billions every year, and there are constantly new companies introducing products and making it big, so this was actually a decent product.

    I think the biggest product with that pitch was them continually saying that 100-150 million people in the US can't swallow pills. That just reeked of pure BS.
    I thought the exact same thing. I'm sure these companies do a lot of research to figure out the best way to make their packaging seem attractive to the consumer while promoting the most waste possible. Leave more in the bottle means the consumer buys more. There's no way those companies would want to market a product like the Spatty.

    I thought Lori was a little short-sighted on this one. Why couldn't she sell a 10-pack for $29.99 + S&H. I'd think that would be huge on QVC.
     
  5. ElJay

    ElJay Active Member

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    I like that about the British version, but unfortunately I can't get past the obnoxious use of the narrator. He adds at least sixty seconds of obvious talk to pad out each presentation. "Shark X just said Y. Now let's see what Shark Z is going to say." Is it simulcast on radio or something?
     
  6. inaka

    inaka Well-Known Member

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    They likely would agreed to the deal without the buyback option. It was thrown in toward the end, (then again, who knows via editing) and Lori was the only shark in play. Yes, they could have walked away without a deal at all, but I didn't get that vibe at all when she was giving them the $250k they needed. The buyback simply caps her potential gain. For you and I the buyback seems logical, because that's a lot of potential $$$. But when you're already a multi-millionaire, the buyback to me is a horrible play with the dollar amount we're talking about.

    I'm with you there. That narrator on the British version is not only cheesy and annoying, but when they actually show him on-screen, I can't stop looking at his goofy/lazy eye. Weird!
     
  7. Hank

    Hank AC•FTW TCF Club

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    Boston, MA
    The buyback was for only half her equity. So she's still in for 12.5% equity after the buyback at 4x the investment.
     
  8. DevdogAZ

    DevdogAZ Give em Hell, Devils

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    Exactly. These sharks always talk about getting their investment back. The terms of this deal would provide Lori with a 2x return on her investment, plus she still has a 10% (or was it 12.5%) equity stake in the company to participate in the upside.
     
  9. mattack

    mattack Active Member

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    Umm, when did Zuck say he didn't ever want it to be a business?

    Plus, Mr Wonderful (still don't remember why he's called that) and Cuban don't really "deserve" to be on the show either, though they're both very entertaining.

    Cuban *lucked out* with ONE business he had that Yahoo bought, and then went down in flames.

    Mr. Wonderful had a very shady background with the business he sold.
     
  10. Hank

    Hank AC•FTW TCF Club

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    From his open letter from the Facebook IPO:

    More here: http://www.businessinsider.com/facebook-stock-letter-shareholders


    I really don't think you have your facts straight. Cuban started two successful companies BEFORE selling out to Yahoo:


     
  11. inaka

    inaka Well-Known Member

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    You could tell those guys were going to take the deal, even without the buyback. That's my point. Horrible deal to kill any potential huge upside. In fact, some of the sharks (I think it was Robert who is usually pretty mellow) didn't even know the buyback was part of the deal when Lori agreed to it, since it was sort of slipped in there.
     
  12. Hank

    Hank AC•FTW TCF Club

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    The only confusion at the end was when Lori didn't take the guy's 20% counter offer, and said "No". The guy then said "So your offer is 25%". "Yes". "We'll take it". The buyback was discussed before his 20% counter offer, so when Lori refused it, it was unclear if when he said "So your offer is still 25%" whether or not that included the 4x buyback. I think the other sharks thought it did not (it went back to her original offer of 25% no buyback), but in fact Lori still considered it part of the deal.
     
  13. newsposter

    newsposter Poster of News

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    i love when they show someone in the past that didnt get a deal but is still successful..the show did its job getting them some publicity
     
  14. mattack

    mattack Active Member

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    Ok, I was wrong.. it was 2.. The first, for $6 mil, doesn't seem *THAT* successful, even way back in 1990.

    Broadcast.com was a fluke, IMHO.. What I meant about failing was, didn't Yahoo end up taking a big writeoff due to it? Cuban lucked out due to the dot com thing.
     
  15. Hank

    Hank AC•FTW TCF Club

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    Sure, but he sold out and made his money before the bust. It was only "lucky" after the bust. Yes, yahoo took a huge hit because of broadcast.com. Would he be any more or less less successful (w/r/t broadcast.com) if the dot-com bust didn't happen? I don't think so.
     

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