mr Wonderfull had best deal.... what is 38 cent? That was just a mental blockade, istead they gave away 25% of their company. Mark Cuban has 1500 companys... he will not give them his time.
The first valuation was a prank when they asked for considerably less. With $10 million in sales these guys had better reasoning behind their valuation than most.
I always scroll down comments and I see joke about Barbara. It's very consistent and so amazing how youtube presnts itself Barbara jokes guaranteed Whats more incredible is that it's always some another person commenting and its always a creative joke..
I would've gone with Kevin's deal. They have more than enough profit margins to no even feel the 38cent royalty. I'm sure he could've cut down their costs alot. If he cut the production cost down by 20 cents and the customer acquisition cost by 30 cents.. Now all of a sudden he just saved them 50 cents per unit, so they would've never felt the 38cents and it basically cost you nothing to have him on your team. People don't understand the value Kevin brings, just because he's not as 'flashy' as Mark. The man is a beast. His real plan is to usually help automate people's business as much as possible so they can just sit back and collect checks. Then he can turn around and sell it for them and give them a massive payday. Look what he did for Groovebook, Plated, and others. Plated sold for $300Mil. That's his real exit strategy and why he does these royalty deals. He's said so himself. The royalty gives him way more negotiating power so that way when he goes to sell the company, they will pay him a huge lump sum to buy out his royalty
i agree that kevin offered the mathematically far superior deal, but i wonder how much more value cuban brings from the business running stand point.... this is actually the only time i can think of that i couldn't be sure which deal is better for the entrepreneur
@@notimportant3686Kevin’s deal wasn’t just mathematically superior, Kevin’s deal was also far more likely to close. After the tank when it came time for Mark to sign the contract, he did what he normally does and pulled out. Kevin doesn’t usually pull out.
@@Veritas-inveniturI thought that too! If they had chosen Kevin the deal would probably go through (is this right English, by the way?) if they had chosen him then the deal probably would have gone through (or is this right English?)
I’m going to get my mom that one, because when I was in elementary school (5th grade in 1998) we had to invent something. I invented a remote control car that cleaned the house 😂
I still have a "Yearings" prank box that I gifted to my wife that I'm saving for when my daughter is old enough to find it funny. 365 sets of ear rings, one for each day of the year. 😂
For once Kevin's deal was competitive. Seemed like the guys weren't confident in their own pricing model. As Kevin stated, he would have to sell 1.6 Million of these to just make his money back, if he could sell 1.6 Million of these then imagine the sales numbers the company would be putting up. Plus he was offering existing, established digital platforms to bootstrap thos product. Great offer!
It is. But Mark definitely has big name value plus you can trust Mark in long run. Mr wonderful always seems to make his profit and not care about others. Mark on other hand seems more genuine
No its not. Kevin asked for royalty, the business needs to get every cent back to pay up their debts first of all to become profitable and be sustainable
@@leanneedwards3047 Totally agree. 38 cents on the retail price of $8 is 4.75%. Extremely fair and practically painless. Agreeing to sell 25% of the company is nuts. These guys really are clowns.
I would have gone with Mr. Wonderful after negotiating down the royalty. Also, it wouldn't be too bad if for certain key boxes based on feedback, that some boxes might actually come with the actual product.
Yeah, and you probably have a couple of Billy Basses hanging on your living room wall, right? Ultimately, nobody wants the junk when it comes to prank gifts. It's a much better idea to just sell a box where you can put a real gift in. And you weren't paying attention- they tried to go the cheap prank gift route- it didn't work.
@@mcdingus5081 Ok... It's obvious they also thought about the idea, and it's also obvious that any of the sharks could help expand on that route if possible since they always have advice and talk about what they can do with manufacturing. And it was obvious with some of those bogus items, some of the sharks actually hoped there could actually be a item in there. They don't have to do all the items, just one item. Also, tone it down. Drink your coffee, eat your Snickers bar or see your therapist. To go off on someone who just posts their suggestion and insult them is an inappropriate and telling amount of aggression on your part.
@@Rorschachqp Hah- a wee bit sensitive, are ya? I hardly went after you, you're just ultra defensive. I was merely trying to be funny and make a point at the same time. How you get bent out of shape about a Billy Bass joke is beyond me. Nothing more telling than your weird reaction. But, I guess I might be a bit on edge having to live with those Billy Basses going off at any given moment in the day.
@@mcdingus5081 Ok you can go back to your sad life now. Go talk like how you do on the street and see how long you make it. Don't bother replying, I muted you since you have nothing worthwhile to say.
I am so glad they took Mark's offer. Mark exactly knew what the potential of the business was since the start. Great guys. I hope the business takes off and they clear their debts
always scroll down comments and I see joke about Barbara. It's very consistent and so amazing how youtube presnts itself Barbara jokes guaranteed Whats more incredible is that it's always some another person commenting and its always a creative joke..
It's a funny and smart product. Your aunt would buy buckets and buckets of them. They shouldn't be scared to skew toward more adult products. A box for a gimp suit and give it to your dad for mother's day.
That is not how business math works! He doesn't get 25% of the revenue. Not even 25% of the profits - most of the money will stay inside the company. Covering costs, etc.
I think they could have worked down the royalty to like $0.25 maybe but it cost them less than a buck to make and they sell it eight bucks. They could even up it to like $9 or $10. There was room for that.
@@holgerchristiansen4003 business math works? Lol 25% is 25% what is negotiated with his 25% is how business works. Gtfohere with how business and math works...
So that guy worked for The Onion when they did that 9-11 headline! 😄 They somehow made us laugh while digesting the news of that horrific event. *That* was brilliant!
This is exactly what me and my friends do when gifting something for each other's birthdays. We usually create makeshift boxes with crude Photoshoping skills on printer paper. So it's cool to see an actual company doing this in more believable boxes.
Was anyone else relieved when they revealed the boxes were empty? I was thinking for the first couple minutes “What a useless waste of a product just for a laugh. This should have just stayed in photoshop”. So glad lol
First time I saw a product I was already familiar with on Shark Tank. I've used these a couple times before, going back to the old days when they were affiliated with The Onion.
LMAO I basically had this idea about 10 years ago, but it wasn't as a prank. It was more a point that people have online shopping addictions because they like the thrill of receiving a package. So, I thought, just sell empty packages.
I think Kevin is the play here. Sounds like he knows the direction of the product. Mark was rambling about sports? And saying you can package this with online retailers? Yeah right
Kevin was the better shark, but Mark had the better deal. I'm honestly surprised they got an offer, especially with such an insane evaluation! Usually Kevin goes bonkers over insane evaluations, and doesn't invest no matter what the business is!
I am not a sports fan and sports is a niche market as there are people who have no use for the product if its sports related. Especially if the team leaves the city or changes names. But Kevin was right... as a seasonal gift in rotation omg that would have been absolute killer
Why would they not pick Kevin's deal? Lol they can definitely afford 38 cents, yet they just gave up 25 percent of their business instead. Which in the long term will be more expensive.
The biggest mistake an entrepreneur can make in a negotiation is to ask the investor if he wants to lower the percentage of participation as if he were asking for a favor, DO A COUNTER OFFER WITHOUT FEAR!
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The valuation was a prank and yet they still pulled in 640k...absolutely brilliant!
That's why Mark pulled in three time more equity
mr Wonderfull had best deal.... what is 38 cent? That was just a mental blockade, istead they gave away 25% of their company. Mark Cuban has 1500 companys... he will not give them his time.
The first valuation was..
@@KeithJones-yq6of it's a gimmick, sales are not going to last long
The first valuation was a prank when they asked for considerably less. With $10 million in sales these guys had better reasoning behind their valuation than most.
According to google, Cuban never closed the deal but as of 2022, Prank O's estmated annual revenue is six million dollars.
Thank you. I was curious. 🙂👍♥️
He pranked them about taking the deal.
They definitely made me laugh. 😂
So many of these deals don’t close.
@@jaysant6958i laughed out loud for about 10 seconds at that.
ngl, we have a few of these for christmas and the look on unsuspecting family members faces are PRICELESS. what a fun idea
"since 2013 we've sold 10 000 000 usd worth of air"
Barbara, unironocally: "wow, now you have our respect" 😂
Well... Selling 10 000 000 usd worth of air would actually be quite impressive
@@thebeefyleafIt's not air. It's an element of surprise and fun that they are selling.
Ay man, its some worthy respect to make 10 million dollars by selling nothing
You have my respect, and for that reason, I’m out.
10 million dollars in empty boxes. I have no words.
But they're 4 million in debt.
@@jaimhaas5170 Cuban invested.
The stupidity of our culture. As stupid as buying $14 cold-pressed juice.
Think of the billions dollar gift bag business. What's the difference?
@@godfathersofpodcasting nother biz for people who R lazy and lack creativity.
On the day Barbara was born,
she came out of the womb, looked up at the doctor and said "I'm out".
🤣
😂😂😂
I always scroll down comments and I see joke about Barbara.
It's very consistent and so amazing how youtube presnts itself
Barbara jokes guaranteed
Whats more incredible is that it's always some another person commenting and its always a creative joke..
Underrated comment 👏 😂
🤣😭
66 cents to make it selling for $8 - skinny margins for Barbara
the debt they're repaying per unit sold is huge!
@@SynteliaAiyah that’s what I was thinking too
Skinny margins for your English
@@tomford5340 That doesn't even make sense
@@danjliv7 Nor does your English...
bruh
I would've gone with Kevin's deal. They have more than enough profit margins to no even feel the 38cent royalty. I'm sure he could've cut down their costs alot. If he cut the production cost down by 20 cents and the customer acquisition cost by 30 cents.. Now all of a sudden he just saved them 50 cents per unit, so they would've never felt the 38cents and it basically cost you nothing to have him on your team.
People don't understand the value Kevin brings, just because he's not as 'flashy' as Mark. The man is a beast. His real plan is to usually help automate people's business as much as possible so they can just sit back and collect checks. Then he can turn around and sell it for them and give them a massive payday. Look what he did for Groovebook, Plated, and others. Plated sold for $300Mil.
That's his real exit strategy and why he does these royalty deals. He's said so himself. The royalty gives him way more negotiating power so that way when he goes to sell the company, they will pay him a huge lump sum to buy out his royalty
i agree that kevin offered the mathematically far superior deal, but i wonder how much more value cuban brings from the business running stand point.... this is actually the only time i can think of that i couldn't be sure which deal is better for the entrepreneur
I was pretty surprised they took marks deal.
@@notimportant3686Kevin’s deal wasn’t just mathematically superior, Kevin’s deal was also far more likely to close. After the tank when it came time for Mark to sign the contract, he did what he normally does and pulled out. Kevin doesn’t usually pull out.
The simple fact that Cuban said the key to their business is adding it as an upsell in e-commerce stores would've made me accept his deal instantly
@@Veritas-inveniturI thought that too! If they had chosen Kevin the deal would probably go through (is this right English, by the way?)
if they had chosen him then the deal probably would have gone through (or is this right English?)
been watching shark tank for YEARS, can usually predict what happens… not this time though 🤣
best pitch yet!
Barbra smiling as they walk in cause she cant wait to say shes out lol
classic barb
3:11 lol the look on Kevin's face, he was not impressed. Kevin is all about business and I love it!! 😂
The pet sweep was the hilarious
Foot brooms are actually real products!
Animal husbandry and forcing animals to work for you
I liked the car Sauna with the picture of the lady with a squeegee clearing the glass.
I’m going to get my mom that one, because when I was in elementary school (5th grade in 1998) we had to invent something. I invented a remote control car that cleaned the house 😂
I still have a "Yearings" prank box that I gifted to my wife that I'm saving for when my daughter is old enough to find it funny. 365 sets of ear rings, one for each day of the year. 😂
Careful she may be disappointed that she didn't get the 365 earrings
When I saw the Crib Dribbler with the picture of the baby and the pet bottle, I exploded lmao 🤣
The baby got the hamster treatment 😆
That high five at the end 😂😂
Finally someone saying it!
Came here for this comment 😂
I don’t think I’ve ever seen mark lose out on a deal besides the swim goggles lmao
And also breathometer where a guy spent all his money on yachts and booze
if you're referring to themagic5, mark got in on it after the show I believe
I’m still laughing at the baby feeder VR headset for cats! 🐱💻 The Sharks’ faces were priceless.
Of course Damon has no idea what "The Onion" is. He's definitely the sort of person who passes any headline they write along as if it's real.
Phil dunphy would be proud of them
Empty boxes? In debt? No intellectual property? And got Mark at $640k! Did this deal even close?
did not
i actually thought kevin's deal was better cause he'd have to work to get his money back. though obv mark is the better overall shark
For once Kevin's deal was competitive. Seemed like the guys weren't confident in their own pricing model.
As Kevin stated, he would have to sell 1.6 Million of these to just make his money back, if he could sell 1.6 Million of these then imagine the sales numbers the company would be putting up.
Plus he was offering existing, established digital platforms to bootstrap thos product. Great offer!
Kevins deal was a lot better in my opinion. He experience in the field and his email list would have been crazy.
It is. But Mark definitely has big name value plus you can trust Mark in long run. Mr wonderful always seems to make his profit and not care about others. Mark on other hand seems more genuine
No its not. Kevin asked for royalty, the business needs to get every cent back to pay up their debts first of all to become profitable and be sustainable
38c is nothing. even if he said a dollar or two dollars i would be like ok fair enough. but 38c is the better deal here.
@@leanneedwards3047 38c goes a long long way. it basically abit morre then doubles their lended cost per box.
@@leanneedwards3047 Totally agree. 38 cents on the retail price of $8 is 4.75%. Extremely fair and practically painless. Agreeing to sell 25% of the company is nuts. These guys really are clowns.
Kevin is like a real shark 🦈 looking to eat small fishes 🐟,
While Mark is like a Dolphin 🐬 playing around with small fishes 🐟 before eating it 😅😅😅
The high five at the end killed me 😂
I would have gone with Mr. Wonderful after negotiating down the royalty.
Also, it wouldn't be too bad if for certain key boxes based on feedback, that some boxes might actually come with the actual product.
Yeah, and you probably have a couple of Billy Basses hanging on your living room wall, right? Ultimately, nobody wants the junk when it comes to prank gifts. It's a much better idea to just sell a box where you can put a real gift in. And you weren't paying attention- they tried to go the cheap prank gift route- it didn't work.
@@mcdingus5081 Ok... It's obvious they also thought about the idea, and it's also obvious that any of the sharks could help expand on that route if possible since they always have advice and talk about what they can do with manufacturing.
And it was obvious with some of those bogus items, some of the sharks actually hoped there could actually be a item in there. They don't have to do all the items, just one item.
Also, tone it down. Drink your coffee, eat your Snickers bar or see your therapist. To go off on someone who just posts their suggestion and insult them is an inappropriate and telling amount of aggression on your part.
@@Rorschachqp Hah- a wee bit sensitive, are ya? I hardly went after you, you're just ultra defensive. I was merely trying to be funny and make a point at the same time. How you get bent out of shape about a Billy Bass joke is beyond me. Nothing more telling than your weird reaction. But, I guess I might be a bit on edge having to live with those Billy Basses going off at any given moment in the day.
@@mcdingus5081 Ok you can go back to your sad life now. Go talk like how you do on the street and see how long you make it. Don't bother replying, I muted you since you have nothing worthwhile to say.
10:41 The best moment
I agree! The pranks never end!
This is one of the few Shark Tank products I've actually bought! 100% worth it for the reactions my family got at Christmas
I am so glad they took Mark's offer. Mark exactly knew what the potential of the business was since the start. Great guys. I hope the business takes off and they clear their debts
I love how americans are so inventive. Much respect for you people.
Lost it at the pet VR :D
I’m weak for this kind of products it’s so much fun love it. They gonna make it🎉🎉🎉❤
We sold 10 million dollars worth of empty boxes.
Barbara: “Wow, now you have our respect, and for that reason, I’m out.
The snack hat is very funny the way they explain it. Pet VCR and Roto wipe got me laughing, too.
always scroll down comments and I see joke about Barbara.
It's very consistent and so amazing how youtube presnts itself
Barbara jokes guaranteed
Whats more incredible is that it's always some another person commenting and its always a creative joke..
It's a funny and smart product. Your aunt would buy buckets and buckets of them. They shouldn't be scared to skew toward more adult products. A box for a gimp suit and give it to your dad for mother's day.
10:41: That high five was the biggest prank of them all.
Turning down mr wonderful was dumb. Can't give up 38 cent per unit but will give 25% of 8$ is 2.00$ per unit at current margins. Really dumb
yeah but 25% of a 4 million debt? priceless.
@@zerxilk8169I don't understand so what about it?
That is not how business math works! He doesn't get 25% of the revenue. Not even 25% of the profits - most of the money will stay inside the company. Covering costs, etc.
I think they could have worked down the royalty to like $0.25 maybe but it cost them less than a buck to make and they sell it eight bucks. They could even up it to like $9 or $10. There was room for that.
@@holgerchristiansen4003 business math works? Lol 25% is 25% what is negotiated with his 25% is how business works. Gtfohere with how business and math works...
This past xmas, I bought the box mark had for a cousin 😅...brought me lots of joy knowing who created it 😄..definetely made my day 😄..
They missed the whole hand shake at the end 😂😂😂
Was waiting for this comment 😂
Slow it down and watch it @@itzduffy4840
God Lori always looks so stunning in black
Deal never closed
So that guy worked for The Onion when they did that 9-11 headline! 😄 They somehow made us laugh while digesting the news of that horrific event. *That* was brilliant!
I was waiting for the bad numbers, distracted story prank then pull out a stellar performance
Having a lot of e-commerce retailers offer this as an added option is absolutely genius from Mark Cuban.
This is exactly what me and my friends do when gifting something for each other's birthdays.
We usually create makeshift boxes with crude Photoshoping skills on printer paper. So it's cool to see an actual company doing this in more believable boxes.
Was anyone else relieved when they revealed the boxes were empty? I was thinking for the first couple minutes “What a useless waste of a product just for a laugh. This should have just stayed in photoshop”. So glad lol
Imagine mark saying “Btw this is just a prank yall aint getting no deal LMao”
I saw this one before, I think this shows why Mark Cuban is a billionaire.
businesses that you think are simple, flimsy and casual are usually the most profitable with the best margins.
First time I saw a product I was already familiar with on Shark Tank. I've used these a couple times before, going back to the old days when they were affiliated with The Onion.
This is hilarious!😂I love Shark Tank
I remember when these boxes came out. I was laughing so hard! I had to find all the different fake product's! this was such a great idea!
Update: sales are above 6 million. I don't know if they're profitable.
Most entertaining pitch ever
Omg the first one is hilarious!
Absolute genius 😂
I ❤ this idea
LMFAO they missed the hi-5 and they kept it in I am dying 😭
LMAO I basically had this idea about 10 years ago, but it wasn't as a prank. It was more a point that people have online shopping addictions because they like the thrill of receiving a package. So, I thought, just sell empty packages.
I'm not good at math either Barbara, because I thought 38c was way less than 25% of $5 ( or WE they make net on a box.
Pet sweep is am amazing idea
Zero money in the bank. 1 mil in debt. Mark should've asked for 35% minimum!
Barbara: "The way I see it is that you guys have a business, agreed to be on Shark Tank and you showed up, so, for those reasons I'm out."
i remember seeing these boxes on clearance at kohls right before christmas
wonder where they are now lol
This isn’t a recent episode?
@@PunsandPixels so i cant be curious to know where they are now
I think Kevin is the play here. Sounds like he knows the direction of the product. Mark was rambling about sports? And saying you can package this with online retailers? Yeah right
So funny loved it! ♥️
Barbara was out?? What a shocker!
I used these for my family's Christmas gifts and they thought it was hilarious
So all they are missing is, Specific Event Marketing? Halmark has been doing this for years, not hard to find the data.
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I laughed that much a fart came out
Watching Mark and Mr. Wonderful scrap it out was peak entertainment
why not just very slightly increase all the prices for products and may the 38cent royalty with no equity lost?
Kevin was the better shark, but Mark had the better deal. I'm honestly surprised they got an offer, especially with such an insane evaluation! Usually Kevin goes bonkers over insane evaluations, and doesn't invest no matter what the business is!
I have to breathe and therefore I’m out- Barbra.
This feels like a Smash and grab idea.
Mark was salty, then resurrected after hearing their sales
Its actually really good idea 💡. I donthis stuff all the time because my parents did but we made them yourself. 8$ so i dont have to? Take my money
Gag gifts are hilarious, (although, I will give them a special present after)
6:17 Barbara said she can't do math? I knew it.
These empty boxes are $40 or more in Canada.
Kevin said bdays are seasonal….last I checked, thousands happen every day lol
I am not a sports fan and sports is a niche market as there are people who have no use for the product if its sports related. Especially if the team leaves the city or changes names. But Kevin was right... as a seasonal gift in rotation omg that would have been absolute killer
Brilliant❤
Kevin's deal was way better.
Omg I actually saw some of these for sale at a store and thought about buying one
if im one of the sharks im gonna name this company a, Scam-O 🤣😂
.38 is so low I’m
Surprised they didn’t take that deal
I bought the roto-wipe to prank my wife😂
Plot twist: Their sales were also a prank!
That is a serious DEBT load. Where did it come from?
I'm biased on this. I'm a hard core "Onion" fan. Wish the best for these guys.
Why would they not pick Kevin's deal? Lol they can definitely afford 38 cents, yet they just gave up 25 percent of their business instead. Which in the long term will be more expensive.
Kevin would be a better deal if their margins are not so thin
The fun is over once everyone knows the joke
I feel like something like this already existed so I don't know if this episode is just old
I really want this globally,
Keep an old swing eye
The biggest mistake an entrepreneur can make in a negotiation is to ask the investor if he wants to lower the percentage of participation as if he were asking for a favor, DO A COUNTER OFFER WITHOUT FEAR!
Kevin was the only right shark
Eating a Breakfast Burrito
idgafb
Eggs