Kevin is one smart man, he pushes all the negatives of the product(s) out to make the other investors second guess, waits for them to be out, and when he's the last one left, throws out a lifeline to the entrepreneur(s) with an offer that benefits him and also makes the entrepreneur(s) feel like they have to take it
Man the first dude was solid. He came off as the one offering something not asking for something and that made the sharks come down, they knew he wasn’t afraid to walk away.
Exactly. I came here hoping to point this out. Nice one. He continually specifically says “our final offer, our offer to you is“ rather than asking for something
And they should’ve let them walk. It was a very very stupid product. I mean I understand why the sharks made a deal but i think that it was such a stupid product. They started by presenting a problem and their answer to the problem was something completely unrelated to the problem. It was and is a very stupid product. Not to mention that their business plan was all sorts of wack.
First entrepreneur is a good negotiator: cool, calm, collected. Knew his product and did not fall for low ball offers. Kevin loves to degrade products and bring out flaws but as soon as he signs deal he boasts about how great it truly is. They have every right to fight for ownership of their company.
People like the first entrepreneur cant take lowball offerers because it would be a down-round. It would devalue the first round of funding they received.
He put out the idea to bring another shark on board (added value) and got the same amount of money with half the equity as the original offer that Kevin gave them. Pretty good.
Yall know this dude is literally profiting off data mining right? He's digitizing vending machines in order to have ANOTHER data mining avenue outside of the internet
That’s what makes him a smart shark. He points out the flaws so that the other sharks will hesitate to buy then he offers a price that benefits him and the entrepreneur to make them feel like they have no other choice.
Barbara: I love your product. I think you're fantastic, your business is phenomenal, and your valuation is perfect. I've been waiting for years for someone like you to come into the tank; in fact, I dare say you are the single greatest entrepreneur we've ever seen, with the greatest business we've ever seen. This product will change hundreds of millions of lives for the better, and generate hundreds of billions in revenue. I think you're beautiful, and I love you. For those reasons, I'm out.
He's a good negotiator, but Kevin and Lori countered after his "final offer" so they understood what was going on ... I thought he could've gotten that interest rate down though, but dude was definitely impressive. And you gotta think, the sharks don't want some pushover, cause that's how you'll be with other people too. Know what you want, know your product, be firm, fair and cordial ... MOST importantly know when to shut up and walk away!
Ya know, we all give Mr. Wonderful grief, but at 28:58, he proved himself to be a very wise man with invaluable words of advice to entrepreneurs. Very well said.
The fact Barbara sat through the whole presentation as well as further questions and said “I feel like a second grader I have no idea what’s going on” absolutely blows my mind lmao
came to the comments to look for exactly this, shes being so rude here. From the clip they are very sharp and to the point. Makes me think maybe they cut some stuff out? Otherwise this outburst from Barbara is WAY out of left field. What is it she doesnt understand? Its a vending machine for fresh milk. Done. What is her problem????
She’s not the consumer. I on the other hand was the marketing director for a well known organic grocer and I can tell you firsthand this product is going to soar into success. Barbara obviously doesn’t realize how loyal and fierce people can be about what’s in their food. And these consumers don’t care what it’s going to cost them.
I loved the NuMilk idea. I would love to see it in my local Whole Foods, would definitely be a customer. Went to their website though and saw they seemed to have scrapped the whole grocery unit idea and are focusing on the coffee shop and home units.
I was interested in the home unit idea, but it looks like they're gonna make you buy k-cup style packs. Which is pretty lame, in my opinion. No way I'm buying an appliance that only works if they stay in business while also lacking the utility to let me use the ingredients I want and have access to. I still understand this business from a coffee shop angle, but I don't think the home idea works the way they have it now. I certainly wouldn't be a customer, at the least.
@@claiminglight a bit late with this, although I do gotta ask or say, waste is quite a big thing, like buying bulk almonds only for it to go stale before I could get to half a bag, would the k-cup style make more sense with how it's packed?
I didn’t think it was too difficult to understand, she comes across as angry & rude when she doesn’t like certain products. I like the show better when she’s not on it, but I don’t like the cocky Uber guy either.
Zipz hasn't been around for a long time, all they sell is packaging. Plus, it's just another single serve plastic. Glass bottles are recycled right now to save coastlines!
He didn’t really scare them off, he exposed the big big issue and risk in investing in it, not out of fear but out of standard business function. He hit the guy with facts, and on top of the fact he’s the only one who’s a wine connoisseur, so it’s specifically his space.
@@bbking006 Wine connoisseur as in, understands the wine industry. He's right about the wines by the way. Most Americans in 2009 (when that episode aired) were definitely not about to spend $3 on a plastic cup of wine when they could get a whole 750mL bottle at an average price of
Love that Lori wanted to make sure the last guy fully understood the deal that was offered to him. A small and simple question but big impact (for me). Respect.
@@Vendrix86 Lori could go to an ATM right now and set her hands on more money than the next five generations of your family will make combined. I'd say she's a pretty bright bulb.
After the first 2 pitches, I couldn't believe the last guy didn't yell as well when giving his pitch. I'm usually watching dragon's den, not much yelling there
Do I’ve never been to USA I wanna know something Who is buying from a random vending machine rather than regular one or the store or online I don’t get how thing work in America cuz here we only barely have the most popular companies barely anyone ventures out buy new stuff Are things like this in certain rich areas/neighborhoods?
@@unnamed5oldier659ikr, and it’s like, another effin subscription service that probably has software security vulnerabilities…. F that! I’ll take the analog vending machine
TBH it's a good thing even if you aren't any fan of these milks you can have different flavours everytime you go in supermarket just to taste different milks it's cool idea, but only if they dominate the field from the start they will end up profitable.
Fun Fact: The 1st two deals never closed and the 3rd one did close the deal but now they are just in the licensing business and not the manufacturing business.
numilk did closed. someone brings a vegan milk product to the tank and mark went out because he said that he invested in numilk and he will be competing with himself
Kevin thinks he is a professor in a classroom. Always coming up with the most creative ways of making deals. Half the time I have to rewatch to understand his deals.
Okyay, hands down the first guy (Vengo) is a genius. He did all the talking after establishing the value of his aerospace engineer partner. His thought clarity of what his business model, his strengths and asks was is mindblowing. And to top it all up, his negotitation skills are mind blowing. Would love to have such person as a mentor!
@Zash I mean they are still around, and managed to secure $7 million in funding. While I don't like their machines when I used them before, I think it's too soon to call them a failure.
@Zash fail? What are you talking about they have 1500 machines across the US now even in NYU and harvard campus. Their company worthed 50 millioni dollar!
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Honestly I like that Kevin lets them take their time to actually consult with whoever they need to and allows to to still here other offers from the sharks i hater when the do the “either take my deal now or its gone” thing when they havent even gotten a chance to here other offers its just pressuring them into a potentially bad deal
Its always been strange to me that hes known as the sleazy selfish guy of the pack - other than the fact that he leans heavily into the persona for fun. Hes always super open for negotiating, and hes often helped people out with deals when nobody else wanted to.
Kevin is a very smart guy,he first highlights weak points of the projects to make other investors out. And make project owners to feel their idea is not that worth. This also enables him to create pressure over project owners to take his offer. His offer for Zipz was very unique and doable for both sides. Brilliant!
Exactly, they compared their machine with a regular vending machine which makes no sense. Their machine can't vend item larger than a pen, idk how he compared getting a pack of chips when his machine can't even store them.
@@garrett5214 I bet covid gave them a boost with the high demand for face masks. Also vending small items people always are in demand of like pens, lighters and gum probably keep them afloat. Still doesn't seem that much better than a normal vending machine tbh.
i thought the same thing but thhen i remembered seeing a video about a recreational marijuana vending machine they put outside of their stores and the machine looked very similar to those
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@@pavelbau6356 Fairly certain that is against the law for all states that have legalized it. Too easy to "borrow" a parents ID to make illegal purchases that way. Same reason you never see cigarettes or alcohol in vending machines.
Zipz could have sold to restaurants. The restaurant I use to work out (In Canadas wine capital) sold a glass of house wine (cheap box wine) for 5.95 and 6.95 for domestic local wine. He should just be licensing his glass to airlines, restaurants, arenas. You pay for the convenience
It’s going to be incredibly hard to upchatge in a restaurant when it’s in a cheap plastic cup, even with cheaper wines in resteraunts, atleast it’s in fancy wine glasses so you don’t feel too bad about the price
I am bothered at the hefty plastic their glasses are made of. Growing up on islands surrounded by beaches and oceans it offends me bc it takes a toll. I think your idea for airlines etc is great. I just would never spend that much on one glass of wine .
i love how in the firzt deal right as Robert gets out, he starts facilitating and mediating the conversation, you can tell that man truly is fascinated and entertained by business
Looked up NuMilk and the at home countertop version is only $249…. I’ve never bought a product after seeing it on shark tank, but I am seriously considering buying one of these for my new home
I know a person can make nut milks using a Vitamix blender. I'm not sure if regular blenders would also work, but probably. I wonder if the numilk is much better/different than a blender. I hope their product takes off though; I'm a plant-milk drinker!
@@AbigailMontgomery it is. Super tedious. But depending on how frequently you drink it, you're probably not even spending 250 a year on almond milk, and even if you bought the machine, there's no guarantee it'll work long past its warranty.
@@sarutobi43 I drink almond milk / alterna milks daily or close to it, in my coffee, and sometimes in smoothies. At $3-6 a pop, I probably do easily spend $250 on it. But then, raw almonds are expensive, too.
@@AbigailMontgomery I researched, they're packages you have to put in the machine in order to make the milk. They range from 3 - 4.58 a package. It's the price of one whole carton per package almost. Not worth it unless it's better quality
I disagree with Kevin on the people not wanting to pay that for a glass of wine. Some people aren’t alcoholics but also don’t want too much booze in the house and only buy single beers and or wine etc just to have once in a while without being tempted to drink excessive amounts which is what entire cases or bottles promotes. If that makes sense, it might sound dumb but people do this with snack food because smaller portions don’t end up being binges like eating an entire bag of chips vs. Eating an entire tiny bag of chips even though they are more expensive per weight. That’s how I see it anyway.
Ehhhh, I think Kevin was right. Why do ppl buy wine to sip it and enjoy it. What’s the age range? Demographic? I’d say women, over 30yrs. Are they buying 1 GLASSS? NO. They are buying by the bottles, or bag or box just ask your aunties they don’t just take a glass and call it a day even at that price. They need a whole bottle and if it sells for under $10 why buy a glass for $3. Getting that glass to under $2 is the diff here bc it can be boxed up or sold on airplanes or select places.
You are speaking of a problem with alcoholics. Though the thing is that most people cannot afford alcohol everyday and that kind of stops them from drinking excessively in general. But whether someone is an alcoholic or not, it's just too dumb to buy a glass of wine. If you really have a problem with alcohol then you shouldn't be drinking in general. People who suffer from it and stay away from it, don't drink even a sip of alcohol cause that could make them addicted again. So a glass of wine for any person makes no sense.
@@tet_talks8568 In my country, public drinking is prohibited. I think it's the same everywhere. But even if it isn't, buying a whole bottle would be cheaper overall whether it be in fairs or a private party.
_Yeh, but wit the Zips thing, you're asking for Contamination Nation!_ _That part of the lid going on the bottom of the wine glass 🍷 then back on top, contaminates the wine & lip of the glass._ _So, once you put the lid back on and/or turn the glass upside-down, anything that the bottom of the wine glass touched that was dirty (ie: any dirty tabletop, counter, etc.) is now in your wine and/or on the lip of the glass._
the countertop milk maker (pretty much a keurig for milk) is a great idea!!! as a mom who gives my 2 year old daughter plant based milk bc she has dairy issues i usually make my own oat milk so that it’s better for her. i would 100% buy that to make the fresh milk bc i hate the process of making the milk.
I'm 24 and eat whatever I find but being able to make different kinds of milk for whatever I'm eating and types of cereal just sounds like it would add so much diversity to my food palette, the price is a bit steep but I 100% agree this is something I'd probably buy.
One thing I do worry about with the product is cleanliness. Many self serve machines have a bad problem with mold growing in the lines, and a lot of cocktail machines failed for that reason. Leaks are another big problem. With how even plant based milk spoils I'd be afraid to have it in my lines and dirty the machine. If there's no system to keep it clean I would stay away from it
@@TheRealMangiacakes the entire purpose was that milk at the stores have a bunch of additives that make it more unhealthy than the milk that is made in the machine
One of my extremely good friends is a department manager, in training for regional manager, for Whole Foods and he specializes in the wine department. This product would absolutely be a seller. It's known as a guilty pleasure.
one dude is in charge of the company's business the other dude in aerodynamics is probably the designer of the product it's not exactly rocket science lol
Barbara - “This vending machine only does card instead and for that reason I’m out.” Barbara - “This milk has almonds in it and for that reason I’m out.”
@@aimangotze right I was looking for this comment. This was just a cop out. I understand being confused but "not understanding a single word" made no sense to me
Tbh as a business owner I like the old vending machines. They have got a redesign over the years and have a lot of space. Also another thing. They don't run on wifi, so no internet problems for retail..
i get the wifi thing, but i think there’s a place for both, or maybe some kind of compromise. for instance, the new coke machines in restaurants that let you pick from a bunch of different drinks easily are much more preferable to a normal fountain.
That last guy was swindled. Kevin needed his product to get into Costco (he believed in that strongly given his deal of not giving debt and buying more shares if the company becomes successful) and they needed Kevin to get into Costco. I bet if he negotiated heavily he could have walked away with a much better deal.
I've never heard of NuMilk but when I choose an alternative milk I prefer Ripple pea protein milk. Chocolate flavor works great for a protein packed hot chocolate.
That was genuinely the best deal Kevin has ever made on the show. It was a lot of equity, but even the company owner knew Costco was too good to pass up.
Kevin O'Leary's investment in Zipz Wine was the biggest-ever "Shark Tank" investment at the time of the recording, per Just Wine. O'Leary, a self-proclaimed wine connoisseur and vineyard owner, was so excited about the deal that he tweeted about it. He guaranteed success for Zipz Wine if he could get it into Costco, where he thought it would be a perfect fit. Unfortunately, the product never made it onto Costco's shelves.
the countertop version is a winner - especially during Corona.The machine is best used for a store that sells only the milk, perfect branding. Idk. why they wanna build 100s of them and put them into expensive stores. It will take years and a ton of investment. Or make it a delivery thing. I think these type of businesses should focus on the max amount of profit to start out with and focus on where the most upside is.
I think it was more about how it was "made instantly". She didn't know how the ingredients magically turned into milk flowing out of the spout, so a lot of the logistics seemed scary to her. It wasn't simply "there's milk in here" so she would have to get educated on how plant-based milk is "made".
Being an entrepreneur myself that invested in several companies that were on shark tank. Beatbox beverages being one i love seeing other entrepreneurs doing great things. When i had a job i would take off tuesday and Wednesdays from night job for shark tank and the profit. I learn so much!
Kelvin is a great investor. He makes the product owner looks dejected, makes other investors back out then strikes with this crazy and same pattern ready-made offer. 😃😃
The home machine of the numilk, if it ever happened or does happen, is where the money is. I saw it and instantly thought "yep", and I am sure many others did too.
Seriously what kind of value does Barbara bring to the shark tank panel? She hardly invests in any products, her reasoning for getting out of deals almost always make no sense… what is it about her?
NuMilk should have countered with 6 + 4% if they took the additional loan. That'd give them the flexibility NOT to take on the additional debt if they wanted but only give away 6% of the company as was their plan.
About alternative milk: even though it’s obvious, you have to point out it is without conservators. People are ready to overpay to get something “without chemicals” without acknowledging it’s won’t be a store product without conversations
i like how kevin was saying he could get mans wine into costco, but the funny thing about that is Kevin couldnt even get his own wine into costco.. so.. what the hell lol
Because having Zips along with his other products would increase his chance of Costco accepting his products. It was a mutually beneficial deal, that's why it was contingent on getting the costco deal. I'm really not sure how people aren't understanding this.
That vending machine got some serious limitations. Can’t even vend a can of pop or bottle of water.. I feel like people would see a regular vending machine, see all the options and make a decision immediately. Instead of standing there and scrolling through options
The real play is in customer data … they’ll know who bought what, their name, address, etc. and they’ll sell that data to social media marketers to target them … the vending machine is a ploy to get the data … why else does anyone think they got two sharks for 3 percent on vending tiny things? It’s the data because it’s all digital, no coins, no cash …
People keep thinking about food for it, as said above, vapes would 100% always sell out, I’ve heard dispensaries going this route, tons of things that aren’t massive
Great edits of the pitches & negotiations, tons of detail and length. I'd watch the full 40m cuts of them. Pitches & negotiations like these are the show at its best
Kevin is one smart man, he pushes all the negatives of the product(s) out to make the other investors second guess, waits for them to be out, and when he's the last one left, throws out a lifeline to the entrepreneur(s) with an offer that benefits him and also makes the entrepreneur(s) feel like they have to take it
he's a beast
but the wine did not make it into costco. and zipz is now out of the wine market
Man’s is a shark
@@philshumble6954 The money was never in the 🍷 it was in the glass.
Kevin is the real shark
Man the first dude was solid. He came off as the one offering something not asking for something and that made the sharks come down, they knew he wasn’t afraid to walk away.
Exactly. I came here hoping to point this out. Nice one. He continually specifically says “our final offer, our offer to you is“ rather than asking for something
And they should’ve let them walk. It was a very very stupid product. I mean I understand why the sharks made a deal but i think that it was such a stupid product. They started by presenting a problem and their answer to the problem was something completely unrelated to the problem. It was and is a very stupid product. Not to mention that their business plan was all sorts of wack.
Right ! and the second one was the exact opposite, looked desperate for a deal !
@@goldieryry2401 they make like 20 mil + a year.
@Goldie RyRy 😂😂😂
First entrepreneur is a good negotiator: cool, calm, collected. Knew his product and did not fall for low ball offers. Kevin loves to degrade products and bring out flaws but as soon as he signs deal he boasts about how great it truly is. They have every right to fight for ownership of their company.
He should be a sports agent/nba gm for real for real.
People like the first entrepreneur cant take lowball offerers because it would be a down-round. It would devalue the first round of funding they received.
He put out the idea to bring another shark on board (added value) and got the same amount of money with half the equity as the original offer that Kevin gave them. Pretty good.
Yall know this dude is literally profiting off data mining right? He's digitizing vending machines in order to have ANOTHER data mining avenue outside of the internet
That’s what makes him a smart shark. He points out the flaws so that the other sharks will hesitate to buy then he offers a price that benefits him and the entrepreneur to make them feel like they have no other choice.
Barbara: I love your product. I think you're fantastic, your business is phenomenal, and your valuation is perfect. I've been waiting for years for someone like you to come into the tank; in fact, I dare say you are the single greatest entrepreneur we've ever seen, with the greatest business we've ever seen. This product will change hundreds of millions of lives for the better, and generate hundreds of billions in revenue. I think you're beautiful, and I love you. For those reasons, I'm out.
😂😂😂😂😂
Not funny
@@siddharthr594Didn't laugh
Very nice copied comment, bro. 😂 👌 I bet you're also going to edit your comment and write "Wow, guys! Thx for the likez!!!!1!!"
100%
the first dude knows how to negotiate
Right on the money
Yeaa, he was negotiating for 0.5 % whereas people just give away 30%
Right, I was thinking the same thing
He knew his product, knew the worth, knew where it was going, he just knew what was worth giving up and what wasn’t
Helps to negotiate when you have leverage
The first guy straight up played Lori and Kevin. 2.5% equity was not his lowest. He just wanted to force them down as low as possible. Genius move.
Maximum you mean?
Naw idk bcs the $2million was debt with 7% interest. Rather than money they can call their own
They have to pair the debt back though
@@ozymandias8523 isn't that obvious ? He probably was prepared for a debt and he knows the best for his company
He's a good negotiator, but Kevin and Lori countered after his "final offer" so they understood what was going on ... I thought he could've gotten that interest rate down though, but dude was definitely impressive.
And you gotta think, the sharks don't want some pushover, cause that's how you'll be with other people too. Know what you want, know your product, be firm, fair and cordial ... MOST importantly know when to shut up and walk away!
Ya know, we all give Mr. Wonderful grief, but at 28:58, he proved himself to be a very wise man with invaluable words of advice to entrepreneurs. Very well said.
HAHAHAHA
😂😂
I already knew it was gonna be the poopoo thing before clicking 😂
Any book recommendtions
HahhahahahahH
The fact Barbara sat through the whole presentation as well as further questions and said “I feel like a second grader I have no idea what’s going on” absolutely blows my mind lmao
Yeah that seems more like her being uninterested or not paying attention instead of them explaining it badly.
You don't see all of it.
@Master Marc Subliminals says the guy who can’t even make a million
came to the comments to look for exactly this, shes being so rude here. From the clip they are very sharp and to the point. Makes me think maybe they cut some stuff out? Otherwise this outburst from Barbara is WAY out of left field. What is it she doesnt understand? Its a vending machine for fresh milk. Done. What is her problem????
She’s not the consumer. I on the other hand was the marketing director for a well known organic grocer and I can tell you firsthand this product is going to soar into success. Barbara obviously doesn’t realize how loyal and fierce people can be about what’s in their food. And these consumers don’t care what it’s going to cost them.
I loved the NuMilk idea. I would love to see it in my local Whole Foods, would definitely be a customer. Went to their website though and saw they seemed to have scrapped the whole grocery unit idea and are focusing on the coffee shop and home units.
I was interested in the home unit idea, but it looks like they're gonna make you buy k-cup style packs. Which is pretty lame, in my opinion. No way I'm buying an appliance that only works if they stay in business while also lacking the utility to let me use the ingredients I want and have access to. I still understand this business from a coffee shop angle, but I don't think the home idea works the way they have it now. I certainly wouldn't be a customer, at the least.
@@claiminglight Just looked up the website and they basically reinvented Juicero. What a shame.
i only drink cow’s milk, so for that reason, i’m out 😂
@@claiminglight a bit late with this, although I do gotta ask or say, waste is quite a big thing, like buying bulk almonds only for it to go stale before I could get to half a bag, would the k-cup style make more sense with how it's packed?
I feel so bad for the second guys. Barbara legit said that she was "out" because they talked too much 💀
yeah 💀
She said out because she didn't understand them
@@abhishekkrishna8542 still a bad reason lmao
@@charleenxuBetter than spending a million on something you have 0 clue about
I didn’t think it was too difficult to understand, she comes across as angry & rude when she doesn’t like certain products. I like the show better when she’s not on it, but I don’t like the cocky Uber guy either.
I love how on the Zips deal Kevin scared off all the other sharks before he made an offer, pure genius
Zipz hasn't been around for a long time, all they sell is packaging. Plus, it's just another single serve plastic. Glass bottles are recycled right now to save coastlines!
I would be terrified if Kevin called the sales peepeepoopoo as well
He didn’t really scare them off, he exposed the big big issue and risk in investing in it, not out of fear but out of standard business function. He hit the guy with facts, and on top of the fact he’s the only one who’s a wine connoisseur, so it’s specifically his space.
@@CoD3x4life Wine connoisseur pushing under $10 wines? Yeah OK LOL
@@bbking006 Wine connoisseur as in, understands the wine industry. He's right about the wines by the way. Most Americans in 2009 (when that episode aired) were definitely not about to spend $3 on a plastic cup of wine when they could get a whole 750mL bottle at an average price of
i like when kevin makes a deal. he brings up different types of deals than the other shark and we learn a lot from it
Me too
Lex Luthor
He's the smartest shark.
Royalties in Perpetuity!
But the deals are horibble for owners
Love that Lori wanted to make sure the last guy fully understood the deal that was offered to him. A small and simple question but big impact (for me). Respect.
Lori best shark
@@MaximaToluene marks good too, but the other way. He tries to let on if they’re getting taken too easily
I mean she herself isn't the brightest bulb so she was probably asking more for herself lol
@@Vendrix86 Lori could go to an ATM right now and set her hands on more money than the next five generations of your family will make combined. I'd say she's a pretty bright bulb.
After the first 2 pitches, I couldn't believe the last guy didn't yell as well when giving his pitch. I'm usually watching dragon's den, not much yelling there
Numilk seems to be the only one with real potential. But the vending machine guy was the best negotiator, no doubt.
Vengo is doing extremely well.
the vending machine is just a data mining company disguised as a vending machine. Honestly baffling how none of the sharks saw that. Data is priceless
For what it’s worth, Vengo’s valuation has increased a lot since then, it’s been very successful since this aired
Do I’ve never been to USA
I wanna know something
Who is buying from a random vending machine rather than regular one or the store or online
I don’t get how thing work in America cuz here we only barely have the most popular companies barely anyone ventures out buy new stuff
Are things like this in certain rich areas/neighborhoods?
@@unnamed5oldier659ikr, and it’s like, another effin subscription service that probably has software security vulnerabilities…. F that! I’ll take the analog vending machine
18:52 "And I see you, maybe, struggling a little bit but I think you want to do it"
-That's a damned good line.
Watching Kevin hustle sharks out of that and grinding an amazing deal for himself was just intensely fascinating
It's cunning!
It's sociopathic.
First guy is the best I’ve seen on shark tank! He held his composure and negotiated like a pro
Any books recommendtions
Yeah. That product was weird though. I already hate that gas stations make you watch their ads, i wouldn't use a vending machine that does the same
@@royalkweyama7628 mein kampf
@@TheSuperBoyProject 💀💀💀
@@royalkweyama7628anything by Karl Marx
I would absolutely buy NUMILK if I saw a machine in my local grocery store. I love the option for a fresh, preservative-free, milk alternatives.
yes and the reusable glass bottle!!
TBH it's a good thing even if you aren't any fan of these milks you can have different flavours everytime you go in supermarket just to taste different milks it's cool idea, but only if they dominate the field from the start they will end up profitable.
Yeah I thought "damn this has to be massive now", I googled it and they havent released this years numbers but presumably still not making profit
Yeah I don’t usually drink alternative milk but it looks good
It takes 30 seconds in a blender?
Fun Fact: The 1st two deals never closed and the 3rd one did close the deal but now they are just in the licensing business and not the manufacturing business.
Do you know why they didn’t close? And do you know if the 3rd got into Cosco, I guess not by the moving to licensing paet
@@olliejames1190 nope. Just Google the update on these. Don't know the specifics.
numilk did closed. someone brings a vegan milk product to the tank and mark went out because he said that he invested in numilk and he will be competing with himself
@@r1s1mp Well it's possible the original deal didn't close and they came up with a new one.
Just licensing huh, what a surprise
Kevin thinks he is a professor in a classroom. Always coming up with the most creative ways of making deals. Half the time I have to rewatch to understand his deals.
He’s smart he knows and understands business.
He knows it’s a business and business is an artificial person I like him
Okyay, hands down the first guy (Vengo) is a genius. He did all the talking after establishing the value of his aerospace engineer partner. His thought clarity of what his business model, his strengths and asks was is mindblowing. And to top it all up, his negotitation skills are mind blowing. Would love to have such person as a mentor!
@Zash I mean they are still around, and managed to secure $7 million in funding. While I don't like their machines when I used them before, I think it's too soon to call them a failure.
@Zash They're worth 50 mil now, lmao.
@Zash fail? What are you talking about they have 1500 machines across the US now even in NYU and harvard campus. Their company worthed 50 millioni dollar!
@Zash Lmao
That’s why you never jump to conclusion without thinking
The Vengo spokesperson knew his numbers, the market, his product, and was a sage negotiator. Liked listening to him hold his ground
Dude that vending machine dude was a hard negotiator I would've taken them when the dropped from 6% to 3.5 %
Same!! Boy tough as nails!!!
He actually got them down to 3
@@BuggyDClown-pc7sc 0.5% is a lot
That part
It was nice to see the first entrepreneur to bring his emotional support human with him.
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@@harod033 That is a strategy I have been considering. I have been holding onto a lot of stocks, but they are beginning to depreciate, so I'm not sure if I should keep them or sell them. My portfolio could benefit from restructuring if I hired your investing coach, in my opinion.
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@@patrickperez7387🙂
Honestly I like that Kevin lets them take their time to actually consult with whoever they need to and allows to to still here other offers from the sharks i hater when the do the “either take my deal now or its gone” thing when they havent even gotten a chance to here other offers its just pressuring them into a potentially bad deal
Its always been strange to me that hes known as the sleazy selfish guy of the pack - other than the fact that he leans heavily into the persona for fun. Hes always super open for negotiating, and hes often helped people out with deals when nobody else wanted to.
haven't you seen the many times he's changed the deal when they leave the room? lol
they all do it sometimes
Kevin TOTALLY does that. I think he does it the 2nd most actually lol
That’s the point of pressuring them the deal is bad to them not the sharks that’s why they’re sharks
Kevin is a very smart guy,he first highlights weak points of the projects to make other investors out. And make project owners to feel their idea is not that worth.
This also enables him to create pressure over project owners to take his offer. His offer for Zipz was very unique and doable for both sides.
Brilliant!
So brilliant!! So smart that it never made it to Costco shelves!! Brilliant!!
Wait, nobody discussed the HUGE limitations on what that machine can vend????
Exactly!!!!!
Exactly, they compared their machine with a regular vending machine which makes no sense. Their machine can't vend item larger than a pen, idk how he compared getting a pack of chips when his machine can't even store them.
@@garrett5214 I bet covid gave them a boost with the high demand for face masks. Also vending small items people always are in demand of like pens, lighters and gum probably keep them afloat. Still doesn't seem that much better than a normal vending machine tbh.
i thought the same thing but thhen i remembered seeing a video about a recreational marijuana vending machine they put outside of their stores and the machine looked very similar to those
I thought he was sellimg the software to vending machine companies so they can incorporate that into their machines
i think numilk is the greatest idea ever pitched on this show. great job to mark and Kevin for actually understanding the product potential.
Why would anyone buy that when the can make it at home much cheaper
Rich?
@@RayaIrshaidyou can argue that for basically any food/drink
@@RayaIrshaidpeople love to buy useless things, even more when it makes things "easier" for them 😂
The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
That's so true. but if i may ask, do you trade all by yourself?
I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks & ROCHELLE DUNGCA-SCHREIBER enough for such an amazing way to make money!
How can this person, ROCHELLE DUNGCA-SCHREIBER be reached please...
Wow! I just looked up this person out of curiosity and I'm super impressed with her qualifications. Thanks for sharing.
Pyramid Scheme here folks, please be cautious with your money and avoid these scammers
I feel like the first company would do great in large vape/thc stores. Small products, no hassle of browsing the whole store, quick & easy.
CBD, edibles … it’s limitless
The possibility are endless that's a good idea
Except due to national legality issues, they have to be cash purchases, also there needs to be a cashier to verify proof of age.
@@mavoc3094 scan ID cards to make sure people are
@@pavelbau6356 Fairly certain that is against the law for all states that have legalized it. Too easy to "borrow" a parents ID to make illegal purchases that way. Same reason you never see cigarettes or alcohol in vending machines.
Can we talk about the fact that Mark crushed half that bottle of milk in like 2 minutes.
Its 2 minutes for us but probably like 30-40 for them
Lots of editing haha
Ikr😂
I read this comment just as he took another gulp thinking he was crushing it hard
It’s delicious when you haven’t eaten anything for abit
Zipz could have sold to restaurants. The restaurant I use to work out (In Canadas wine capital) sold a glass of house wine (cheap box wine) for 5.95 and 6.95 for domestic local wine. He should just be licensing his glass to airlines, restaurants, arenas. You pay for the convenience
The cheap box wine should still have better margins if poured into a cup themselves if you have the sales volume to finish the bottle/box each day.
It’s going to be incredibly hard to upchatge in a restaurant when it’s in a cheap plastic cup, even with cheaper wines in resteraunts, atleast it’s in fancy wine glasses so you don’t feel too bad about the price
I am bothered at the hefty plastic their glasses are made of.
Growing up on islands surrounded by beaches and oceans it offends me bc it takes a toll.
I think your idea for airlines etc is great.
I just would never spend that much on one glass of wine .
lol “milk confuses me! I’m out!” She’s unbelievable
"Take this deal, don't be a fool" Kelvin. Great negotiation & intimidation at the same time. Haha
That Zips guys is so slick. He demoed that perfectly and got to proof of concept in under a minute.
Unfortunately He never made it too costco and Stepped out of the wine Industry
@@nescomadethis6058 😔 ✊🏾
I love how Mark let's everyone else exhaust almost all there is to know and do the maths then jumps in and steals the deal
same with Kevin, they’re the smartest imo they’re thinking on levels the others just aren’t
i love how in the firzt deal right as Robert gets out, he starts facilitating and mediating the conversation, you can tell that man truly is fascinated and entertained by business
Vengo guy was such a damn good negotiator
For those of you who're wondering Zips failed, Vengo & Numilk is growing well.
the zips competitor they mentioned that was there before is doing well too
Vengo isn’t doing that well for where they projected themselves. Very low profit margin. Good thing Lori and Kevin didn’t close the deal
@@bsmccrunner4 wait, they backed out on the deal?
@@modestsky7268 A lot of these deals tend to not close because the people coming on don't realize what they are getting into.
Thank you, came for this
Looked up NuMilk and the at home countertop version is only $249…. I’ve never bought a product after seeing it on shark tank, but I am seriously considering buying one of these for my new home
I know a person can make nut milks using a Vitamix blender. I'm not sure if regular blenders would also work, but probably. I wonder if the numilk is much better/different than a blender. I hope their product takes off though; I'm a plant-milk drinker!
Nvm, a commentor below said the process of making but milks w a blender - is tedious
@@AbigailMontgomery it is. Super tedious. But depending on how frequently you drink it, you're probably not even spending 250 a year on almond milk, and even if you bought the machine, there's no guarantee it'll work long past its warranty.
@@sarutobi43 I drink almond milk / alterna milks daily or close to it, in my coffee, and sometimes in smoothies. At $3-6 a pop, I probably do easily spend $250 on it. But then, raw almonds are expensive, too.
@@AbigailMontgomery I researched, they're packages you have to put in the machine in order to make the milk. They range from 3 - 4.58 a package. It's the price of one whole carton per package almost. Not worth it unless it's better quality
I disagree with Kevin on the people not wanting to pay that for a glass of wine. Some people aren’t alcoholics but also don’t want too much booze in the house and only buy single beers and or wine etc just to have once in a while without being tempted to drink excessive amounts which is what entire cases or bottles promotes. If that makes sense, it might sound dumb but people do this with snack food because smaller portions don’t end up being binges like eating an entire bag of chips vs. Eating an entire tiny bag of chips even though they are more expensive per weight. That’s how I see it anyway.
Ehhhh, I think Kevin was right. Why do ppl buy wine to sip it and enjoy it. What’s the age range? Demographic? I’d say women, over 30yrs. Are they buying 1 GLASSS? NO. They are buying by the bottles, or bag or box just ask your aunties they don’t just take a glass and call it a day even at that price. They need a whole bottle and if it sells for under $10 why buy a glass for $3. Getting that glass to under $2 is the diff here bc it can be boxed up or sold on airplanes or select places.
Kevin spoke nothing but facts.
You are speaking of a problem with alcoholics. Though the thing is that most people cannot afford alcohol everyday and that kind of stops them from drinking excessively in general. But whether someone is an alcoholic or not, it's just too dumb to buy a glass of wine.
If you really have a problem with alcohol then you shouldn't be drinking in general. People who suffer from it and stay away from it, don't drink even a sip of alcohol cause that could make them addicted again.
So a glass of wine for any person makes no sense.
@@rikumajumder1558 but it could make sense at events, like open-air concerts, festivals, fairs, etc
@@tet_talks8568 In my country, public drinking is prohibited. I think it's the same everywhere. But even if it isn't, buying a whole bottle would be cheaper overall whether it be in fairs or a private party.
_Yeh, but wit the Zips thing, you're asking for Contamination Nation!_
_That part of the lid going on the bottom of the wine glass 🍷 then back on top, contaminates the wine & lip of the glass._
_So, once you put the lid back on and/or turn the glass upside-down, anything that the bottom of the wine glass touched that was dirty (ie: any dirty tabletop, counter, etc.) is now in your wine and/or on the lip of the glass._
The NUMILK one was amazing.
the countertop milk maker (pretty much a keurig for milk) is a great idea!!! as a mom who gives my 2 year old daughter plant based milk bc she has dairy issues i usually make my own oat milk so that it’s better for her. i would 100% buy that to make the fresh milk bc i hate the process of making the milk.
I'm 24 and eat whatever I find but being able to make different kinds of milk for whatever I'm eating and types of cereal just sounds like it would add so much diversity to my food palette, the price is a bit steep but I 100% agree this is something I'd probably buy.
I saw in another comment that they’re supposed to be releasing it sometime in 2023
One thing I do worry about with the product is cleanliness. Many self serve machines have a bad problem with mold growing in the lines, and a lot of cocktail machines failed for that reason. Leaks are another big problem. With how even plant based milk spoils I'd be afraid to have it in my lines and dirty the machine. If there's no system to keep it clean I would stay away from it
It’s $249 and the milk pouch things cost $3. It’s cheaper to just buy milk
@@TheRealMangiacakes the entire purpose was that milk at the stores have a bunch of additives that make it more unhealthy than the milk that is made in the machine
21:35 when Kevin gives Mark the "what do you want?!" and Mark death stares him into submission LMFAO love it
Big fan of Mr. Wonderful's deal making ability
Debt making ability?
@@TheNinjapancake14 Unfortunately enough, yes
29:00 peepee poopoo
@@TheNinjapancake14 😂
Me too he’s literally got a business mind.
Like he’s so smart with his offers
He knows business is an artificial person
I'm pretty new to this show, and based on all that I've seen with Mark, seeing him happy and calm with the milk guys was pretty strange.
I just started laughing at 7:43 when he says "so Mr wonderful" 🤣🤣 taking control
Kevin is far and away the best shark. Informative, knowledgeable, and hilarious at the same time. Just a great all around genius.
Agreed
Nah its Cuban, Kevin can hustle out a good meal for himself but Mark is just an apex
poopoo poopoo peepee poopoo
def mark lmao theres a reason hes way richer and he can see the bs
also this is kevins experties not marks
That first guy is an excellent negotiator
He really seems to have a real potential for the future, it's so nice to see that
That might’ve been one of the best deals I’ve ever seen Kevin offer in the history of shark tank great deal for both sides
Unfortunately the Zips company did not work out :(
"we accept the congratulations but the work starts now". good passion.
One of my extremely good friends is a department manager, in training for regional manager, for Whole Foods and he specializes in the wine department.
This product would absolutely be a seller. It's known as a guilty pleasure.
Only 1 of the guys spoke on the first pitch the whole time. The only thing the other guy said was ‘I quit my job in aerodynamics’
What we see is edited of a much longer discussion/negotiation
@@Jackgarda true but like u would think they would put a bit more of the other guy in
one dude is in charge of the company's business
the other dude in aerodynamics is probably the designer of the product
it's not exactly rocket science lol
But he could atleast answer 1 question 😂 lol
@@youtubersoutofcontext7131 their questions were solely on the business side not the science so he had no reason to speak
The Vengo deal never closed but they’re now worth about $50 million
i've seen them at NYU. why didn't the deal close?
Thank you I was wondering what happened
@@ishaanhall78 maybe they realised $2M debt with 7% interest is not the best idea despite the low equity
Still $50 mill was low considering what they were projecting.
@@harpergrace5846 y
Barbara - “This vending machine only does card instead and for that reason I’m out.”
Barbara - “This milk has almonds in it and for that reason I’m out.”
Barbara actually said the milk guys talked too much therefore shes out🤣🤣🤣
@@aimangotze right I was looking for this comment. This was just a cop out. I understand being confused but "not understanding a single word" made no sense to me
So, the Americans have a Jenny too, huh?
The numilk guys were smart
They explained it in a way they understood and spoke marketing and cost
I can’t be the only one whose ran out of pitch videos to watch and now eagerly awaits a new one lol
That's me
Relatable
The benefit of alzheimer's.
Tbh as a business owner I like the old vending machines. They have got a redesign over the years and have a lot of space. Also another thing. They don't run on wifi, so no internet problems for retail..
But the need space and the frequent maintenance.
also this whole digitizing everything is unneccesary
i get the wifi thing, but i think there’s a place for both, or maybe some kind of compromise. for instance, the new coke machines in restaurants that let you pick from a bunch of different drinks easily are much more preferable to a normal fountain.
That last guy was swindled. Kevin needed his product to get into Costco (he believed in that strongly given his deal of not giving debt and buying more shares if the company becomes successful) and they needed Kevin to get into Costco. I bet if he negotiated heavily he could have walked away with a much better deal.
I've never heard of NuMilk but when I choose an alternative milk I prefer Ripple pea protein milk. Chocolate flavor works great for a protein packed hot chocolate.
Love how the second guy stepped in and made the gutsy decision, great friend
If i was a numilk owner i would just focus on the home and coffee shop version then once i got a bigger capital i would do the vending machine .
they started the pre registration!
32:24 The way Kevin funnels everyone down one line of logic is incredible. His logic.
Lori and Kevin are probably the most reliable when it comes to their deals.
Man, I love that Numilk product! It's seriously an innovation that is revolutionary! I never thought I would say that from a product from this show.
That was genuinely the best deal Kevin has ever made on the show. It was a lot of equity, but even the company owner knew Costco was too good to pass up.
"Who is ready to Vengo?" i laughed from that catch phrase. Loved it.
Damn this guy was the best negotiator I’ve ever seen on the show
you talkin bout Kevin? lol
@@bohunter9765 no the first guy
Holy moly, I want that NuMilk machine.
Looks delicious
Well I bailed on NuMilk when they went the proprietary route. Almond Cow is amazing and highly recommended.
Kevin O'Leary's investment in Zipz Wine was the biggest-ever "Shark Tank" investment at the time of the recording, per Just Wine. O'Leary, a self-proclaimed wine connoisseur and vineyard owner, was so excited about the deal that he tweeted about it. He guaranteed success for Zipz Wine if he could get it into Costco, where he thought it would be a perfect fit. Unfortunately, the product never made it onto Costco's shelves.
D'oh!
the countertop version is a winner - especially during Corona.The machine is best used for a store that sells only the milk, perfect branding. Idk. why they wanna build 100s of them and put them into expensive stores. It will take years and a ton of investment. Or make it a delivery thing. I think these type of businesses should focus on the max amount of profit to start out with and focus on where the most upside is.
Love how they perked up when he said, “private jets”
That Vengo deal was fun to watch. The entrepreneur really held his own in there, guy knows his business in and out
O'Leary couldn't get Zips into Costco apparently, and now they're out of the wine business. They still make and license the packaging however.
Really?
Where are you getting this info from?
@@scottycranwell283 It's being relayed to me from an old mining colony deep within the crab nebula.
@@ifwecouldvote Cool
@@ifwecouldvote so a trusted source then
How did Barbara “not get” Numilk?! Can someone please explain?! 😂
I think it was more about how it was "made instantly". She didn't know how the ingredients magically turned into milk flowing out of the spout, so a lot of the logistics seemed scary to her. It wasn't simply "there's milk in here" so she would have to get educated on how plant-based milk is "made".
Lmfaooo she’s ridiculous 😂😂 she definitely still drinks whole milk
@@keniguillen1520 lmao bro she sounded demented
She didn't drink milk in second grade.
😂 idk but that part was hilarious!
10:30 Much respect. Brian played the numbers exceptionally well while countering Kevin repeatedly while holding himself professionally!
Being an entrepreneur myself that invested in several companies that were on shark tank. Beatbox beverages being one i love seeing other entrepreneurs doing great things. When i had a job i would take off tuesday and Wednesdays from night job for shark tank and the profit. I learn so much!
Kelvin is a great investor. He makes the product owner looks dejected, makes other investors back out then strikes with this crazy and same pattern ready-made offer. 😃😃
loved the aerospace engineer's chuckle when Mark says oasis
why
28:58 he’s speaking the language of the gods
😂😂
The home machine of the numilk, if it ever happened or does happen, is where the money is. I saw it and instantly thought "yep", and I am sure many others did too.
Yup. The fact they didn't bring a working model hurt them.
Seriously what kind of value does Barbara bring to the shark tank panel? She hardly invests in any products, her reasoning for getting out of deals almost always make no sense… what is it about her?
She likes to play hard to get. If I recall she actually has two of the most successful deals of anyone on the show.
@@Nippleless_Cage What were they?
Unfortunately, ZIPZ didn't make it to Costco and currently out of the winemaking business.
Aww I was wondering what happened
They did make it.
@@Francisco.M805 really?
That’s not true, they had an exit and Kevin bought his additional % that he negotiated for
Top comment is partially true. They do not make wine anymore but they still license their tech
I can’t believe the first guy got two sharks to settle for him
NuMilk should have countered with 6 + 4% if they took the additional loan. That'd give them the flexibility NOT to take on the additional debt if they wanted but only give away 6% of the company as was their plan.
The NuMilk countertop design is the only product I’ve seen on Shark and actually want to buy it.
About alternative milk: even though it’s obvious, you have to point out it is without conservators. People are ready to overpay to get something “without chemicals” without acknowledging it’s won’t be a store product without conversations
That last clip's audio was absolutely awful. The background music was louder than the talking.
I was looking for this. I can’t focus on the video 😂
bruh same. i had to play it on bt speaker
here i m cursing my cheap chinese headphones
They should just cut all the music out except maybe between transitions
"I love my beak" 🤣🤣🤣
Was very happy for Kevin when he finally got his wine deal.
It’s a good idea, and for that reason, im out - Barbara
i like how kevin was saying he could get mans wine into costco, but the funny thing about that is Kevin couldnt even get his own wine into costco.. so.. what the hell lol
Because having Zips along with his other products would increase his chance of Costco accepting his products. It was a mutually beneficial deal, that's why it was contingent on getting the costco deal. I'm really not sure how people aren't understanding this.
Kevin loves giving out debt with large interest rates🤣
It's free real estate!
That vending machine got some serious limitations. Can’t even vend a can of pop or bottle of water.. I feel like people would see a regular vending machine, see all the options and make a decision immediately. Instead of standing there and scrolling through options
The real play is in customer data … they’ll know who bought what, their name, address, etc. and they’ll sell that data to social media marketers to target them … the vending machine is a ploy to get the data … why else does anyone think they got two sharks for 3 percent on vending tiny things? It’s the data because it’s all digital, no coins, no cash …
I agree.
You put that thing by a concert or festival and fill it with vapes and gum and I bet you’ll print money
People keep thinking about food for it, as said above, vapes would 100% always sell out, I’ve heard dispensaries going this route, tons of things that aren’t massive
@@sangun123 there would be issues with it though. Vapes usually require ID’s to purchase so this would only work in clubs
“ we accept the congratulations but the work starts now” UGH I CAN TELL THEYRE GONNA MAKE THAT COMPANY SUPER SUCCESSFUL ❤
10:04 what a rich giggle…
How does Barbara not embarrass herself with the reasons she has for going out
Because she’s wealthy; pretty solid backing to her credentials irrespective of her age.
Great edits of the pitches & negotiations, tons of detail and length. I'd watch the full 40m cuts of them.
Pitches & negotiations like these are the show at its best
more like full 2 hour cuts.