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Shark tank 5/4/12 custom bicycles?

Discussion in 'Now Playing - TV Show Talk' started by omnibus, May 5, 2012.

  1. pmyers

    pmyers Active Member

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    Regarding the bed thing

    I think what really bugged the Sharks (and they've said this before) is that that guy already had a full time gig. That's why his sales sucked and I'm surprised they didn't call him out on it. They don't seem to like people who don't invest 100% of their efforts into their own product.

    That makes the guy's refusal even dumber.
     
  2. Jebberwocky!

    Jebberwocky! Guest

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    he didn't want an investor, he wanted free publicity
     
  3. TAsunder

    TAsunder Debates Ghee vs Gi

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    $600 is not a lot for a quality bike. Not even close. That's just above low-end for anything other than the junk you can get at target. I think I paid $450 for mine and it was the least expensive model they had in the bike store. A really good road bike can run thousands.

    However, it might be a lot for THESE bikes, which are of questionable quality from what little I can see.
     
  4. pmyers

    pmyers Active Member

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    I totally agree!
     
  5. inaka

    inaka Well-Known Member

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    Yeah, I was thinking ski resorts right off the bat.
     
  6. DancnDude

    DancnDude Thrice as nice TCF Club

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    The main "problem" I see with the sky track thing is that there was no way to pass anybody. So if the person in front of you is going slowly, you are forced to go slow as well. It did look fun though.
     
  7. GoHalos

    GoHalos Registered User

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    I think the inventor mentioned ski resorts during the presentation and/or the question and answer session.
     
  8. GoHalos

    GoHalos Registered User

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    OC, CA
    This is what I was thinking as well. Especially when he mentioned using this for transportation.
     
  9. DevdogAZ

    DevdogAZ Give em Hell, Devils

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    Definitely not a huge market, but it would be cool to see something like this at amusement parks, resorts, etc. but the infrastructure costs involved in building the track and buying the "pods" would be waaaaaaaay to expensive for this to be a moneymaker for the manufacturer or for a track operator.
     
  10. inaka

    inaka Well-Known Member

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    I don't see this as an issue. If you had them at ski resorts, you would likely have multiple turnouts or railroad-like switches, where it could go to outdoor pull-up drive-thrus for food/drinks, vista view areas, lodge access, etc.
     
  11. nataylor

    nataylor Curiously Strong TCF Club

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    You could have turnouts or even run two tracks parallel to each other and alternate riders so the chance of a backup is lessened. And I don't see the costs as necessarily being too much. There are resorts that build artificial lakes so they can rent out paddle boats and such. Specifically, I was thinking this would be cool if it ran around the Animal Kingdom Lodge at Disney world, or around the perimeter of a golf course.
     
  12. mattack

    mattack Active Member

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    ARGH, trying to prove/disprove the 25 cent/% thing, but they play the ads between every break if you try to jump to another section. NBC and/or hulu seems to only play the ads every number of minutes, so if you try to jump around to see just the very end for example, you only have to watch (or mute!) one set of ads... so I give up for now.
     
  13. nataylor

    nataylor Curiously Strong TCF Club

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    I just checked it on Hulu (only had to watch the opening ads). You're right. He says "For every dollar that comes in, you'd get 25 cents." And the graphic says 25 cents per unit sold. A 25% royalty is a heck of a good deal for no ongoing work.
     
  14. DanB

    DanB New Member

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    well, not quite free :D
     
  15. DevdogAZ

    DevdogAZ Give em Hell, Devils

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    It's a great deal if you're reasonably confident that the party keeping the 75% will be able to make the product wildly successful. But it's very difficult for an entrepreneur to give up 75% of their "baby" and let someone else have control and then just hope the money will be there on the back end. For many of these inventors/entrepreneurs, feeling like you're in charge of something successful is at least as important (and sometimes moreso) than just getting rich.
     
  16. nataylor

    nataylor Curiously Strong TCF Club

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    Sure. But I think some of these people, especially the ones with no industry experience, are deluding themselves if they think they can make the product more successful than the sharks that are experts in the industry, like Daymond. And obviously, by taking a $100,000 75% stake in the product, Daymond would have some motivation to make sure then product is successful (it's not like they're buying these up to kill them off). Also, Daymond wanted just boots. They would have had $100,000 plus 25% on boot licensing to invest in the rest of the business.
     
  17. DevdogAZ

    DevdogAZ Give em Hell, Devils

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    Oh, I totally agree that they made a bad decision. I was just trying to explain the thought process these people go through. They're not just trying to come up with a way to make money. They've become emotionally attached to their creation and they want to be involved and in control all the way to the end.
     
  18. pmyers

    pmyers Active Member

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    Exactly...and many people have fallen into this trap. I've seen the Sharks tell them straight up: You won't have to do anything and will just get checks in the mail, then you can go do whatever else you want to do.

    That sounds AWESOME!!!
     
  19. TAsunder

    TAsunder Debates Ghee vs Gi

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    Also, the 25% royalty was ONLY on the one product, right? Of course, the rest of their products were probably worthless, but still...
     
  20. pmyers

    pmyers Active Member

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    Do I remember that Robert actually invested in something? Didn't he go in with Cuban on something?
     

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