The major car manufacturers actually make a ton of the parts that make up their cars. This company does not manufacture anything but rather integrates robotic parts manufactured by other companies.
He said it was a robotics company which was wrong. He is by definition an integrator. I know you are speaking for no knowledge base but by scientific and industry vocab, he was incorrect
According to Mark's logic, a shoemaker is essentially a "shoe integrator" because they source leather, rubber, and foam from various suppliers and then assemble these components into a complete shoe.
Even a software developer uses open-source codes to build their apps/programs etc. So a software developer should really be called software integrator. Physicists developed their theories based on experimental data reported by other scientists, so they are really data integrators. LOL
@@GatorWinupEverything in technology is built on abstraction. As more high level you go the more "integrated things" you use. Mark's statement was just dumb
The idea is great and is perfect to sell to franchises, not sure if it should for households and it should automate for Franchise to easier make dishes
He was right in the Minus Cal episode though. It was hilarious when they were trying to say that in no way, do they claim that the product will make you lose weight while they literally had a sign next to them that said "Lose Weight" 🤣
This thing doesn’t even chop. It’s a vending machine that dumps precut ingredients into a crockpot. He’s right because there is no path to the promises which would require much more sophisticated robotics. The task rabbit suggestion was also indicative of Mark’s point that it’s not thought through. At a minimum this would have to be part of a sub zero service plan.
Just because they're website says that means nothing..plus, they're still taking "pre-orders"...I doubt this is anywhere near close to being ready to ship
I don't buy the concept. its a relatively simple robotic. Friends of my brother did something similar as his engineering project in school. What stirs the food? Everyone that cooks knows you have to stir as it cooks? Or is it cooked at a low enough temperature not to need that? Then you would need more cooking time. By the time you waited for your Chefee to cook a meal you could have had two meals from delivery apps. Plus during the demo, I saw food falling out of the dispenser that missed the bowl.
@@Gabriel-fz4ys It's not like you'll install one of these and go "oh, I'm hungry. Lets tell Chefee to make us dinner". You can set a schedule to have your meals ready at different times during the week etc. I do think the stuff it can cook will be quite limited though and mostly work for stews etc. and not searing 5 stakes, making a pizza or stuff like that.
Then you're missing his point. Chefee guy didn't want to open up explaining the backbone of the tech, because it's obviously not new tech judging on how slow it performs. Hence Mark called the company is an integrator. Let's be honest, from the demo it shows nothing spectacular.
He’s absolutely right to target new build homes. Homebuyers wouldn’t bat an eye at adding 10k to the home through the mortgage. Well if it was 10k for the builder, they’ll charge the customer 20k lol…but builders do that all the time with upgrades etc.
Its too risky of a commitment to add in a built in kitchen with tech thats just been made. Escepially if its like 50k and I add cook anything other than whats avilable in the app
thats cos they usually have already raised 5m+ capital on convertible notes with valuation caps/anti dilution ratchets that significantly handicap their deal making ability. this guy only raised $450k for a high valued tech startup which gave him the freedom to raise a lower valuation and probably doesnt hurt his other investors and himself AS MUCH
@@traderzzz123Its actually closer to 50% that don’t go through. But you’re right I doubt this deal was ever done, and he just accepted for the exposure.
The biggest question that nobody asked is, "who has to cut the vegetables and meat to fit those little boxes and at what size should you be cutting them?" Because if you're doing the shopping, putting away the ingredients, and cutting everything , it's not that much further for you to put it in a pan and stir it like the machine is doing.
You're absolutely right. If you look at the boxes, on one side it's just pasta and beans and the other side has a ridiculously-small amount of ingredients that are pre-cut. Who wants to store pre-cut onions? I think that's the product killer here. I'm out.
no... soups take too long to cook for on the spot casual dining orders....every time you've ordered soup in the restaurant in your life they've had it premade and reheated it for you.... no one makes a soup on the spot as you order
If I'm going to chop onions, carrots, cucumbers, spinach, etc., and load hoppers, I then have to accept that some of that will not be used before I have to toss, clean, and re-load, repeat. Isn't it less wasteful to do that as I need it? Keeping this thing full and fresh will be a PITA.
The talk about maintenance, but don't talk about spoilage and per use cleaning? I wonder if anyone involved with this has ever worked in a restaurant before. Cleaning up after this is way different than cleaning up after yourself.
You think that those containers are going to keep fresh ingredients forever? Cleaning those alone most probably defeats any benefit of spending $50K on this robot. You may as well order takeout. Stupid idea.
ikr. ive cleaned deep fryers ovens and stove tops and it collects alot of oil and grease in all the crevices. imagine the accumulation in all the moving parts in this thing. but i guess if one can afford this thing they can also afford a professional cleaner
Houses are already over 100k-500k, is 10% of that really going to make a difference for a self cooking kitchen? It's really for people buying a new house or apartment with the price included in the deal
right, you still have to go through the pain of cutting/pealing/unpackaging each ingredient and then wash every single compartement of the robot, wash the cooker's "pans" , wich is the worst part of cooking actually, you still have to do all the actual annoying parts of cooking while the robot just put things in a pan and stir
By Mark’s definition every mechanically related industrial company is an integrator… I don’t know of any company that doesn’t outsource, whether that be for tooling or components.
Henry Ford did that like 100 years ago. 😅 Companies most of the time are not looking for og patents for the loose parts. No, they want competiton beetween suppliers and they want to change them quickly if it is necessary.
If you can afford $50K plus a subscription for a machine to cook you a curry you can probably afford to have a private chef. Alternatively, shock horror 😮, have a delicious meal delivered to your home from a high end restaurant or GO to a high end restaurant. I can't see this being anything but a niche market. It strikes me as something of an expensive novelty. Good luck not getting your fingers burnt with this one Kevin. Take it behind the barn and 💥.
I don’t want a bunch of poorly secured and expensive smart tech that stops working if/when the company that sells it folds or if I stop paying a ridiculous monthly subscription with a bunch of moving parts that are expensive, complex and difficult to fix or service. I just want standard kitchen equipment that is built well and that will last. Also, this dude was way too defensive, completely missing everything Mark was trying to say.
If people thought this way.. we would have never got mobile phones.. we would have never got wireless headphones.. we would have never got electric vehicles.. we would have never got any assembly machines in factories.. Ofcourse first generation of anything won't be perfect.. it would take years and years to adapt and overcome flaws.. Remember oculus by meta? the VR headset? it was launched in 2011... apple learned from it.. used it and created their own apple Vision and now it is trending.. in upcoming years everyone will start using it when android companies make the same product but in budget
@@sravankumar7880I was thinking the same. Or a Samsung fridge, stove. I guess the difference is most people just spend $200-2000 to get a new one if breaks. This being so much more expensive up to 50k you have to get it fix. Suprised he didn't offer a maintenance plan for like $8 a month.
There's a lot of problems with this product. 1) Who's the target audience for this and do they have 10k-50k to just randomly throw away? 2) What happens when foos spoils inside the cubby? Is Cheffe going to be making meals with spoiled ingredients? 3) Are there any safety measures built into the product? 4) If you still have to shop, stock and peal the ingredients, cooking the actual mean isn't far off? 5) This seems like it only makes soups and curries. Dishes that are cooked all together. If a consumer is spending 50k, I'd think they want more than a curry from it.
I agree with all these points. This is one of the WORST products ever presented on Shark Tank. NO ONE will buy this. Or, if someone does they will have it removed from their kitchen in less than a year.
So these aren't problems and you lack knowledge. Lemme answer your questions : 1- Target audience could be big restaurants, or people that are constructing homes for themselves spending millions they wouldn't mind dropping 10k for the basic version or even 50k for the premium version 2- you don't necessarily have to peal the vegetables and ingredients, you can just buy them like that too. And no way did you say that cooking isn't far off from cutting and restocking. Are you serious?? Bro I can definitely buy the stuff and put them in little boxes and stock them but I definitely can't cook nothing, not even an omelette. If I can buy tomatoes, onions blah blah and put them in tiny boxes that doesn't mean I can make a whole chicken tikka masala too. As for the remaining questions you asked yeah, they're more logical and they must have some measures for it
@@sw33tialucard yeah I answered 2 out of 5 because the rest of the 3 would require lot of information about how this product works because guess what genius, I didn't make the product
@@saadashraf1293 This clearly isn't designed for big restaurants so that's out. And any well respected restaurant would never entertain the thought of using this. And customers wouldn't go for it either. Maybe a fast food restaurant could utilize it to some extent. So who is the target consumer? I highly doubt any "foodie" would want this because they generally enjoy the process of preparing and cooking their own meals. If it's targeted to people that are extremely busy, I don't see this as that much of a time saver. You would have to plan out the meals well in advance, and sure there are some food items that you can buy that are pre-prepared, but not that many. And again, there are definitely limitations to what it can make. The only people I can see purchasing this would be people that want two kitchens. That is a VERY small target! As an investor I don't see this catching on.
I think Kevin understands that gadget hungry foodie. But this thing is less versatile than even a little Thermomix (machine that whips, blends, etc.) and takes up so much more space and is such a huge commitment to integrate it into your kitchen setup which will need updating every few years as any robot would. If you have a gigantic kitchen and want to entertain your guests, it might be fun for a while. I get the licensing thing - people need a big kitchen brand name to trust
@@jaymoney9643 Wrong, because if you weren't then you'd be super rich. And if you are super rich then that much money means nothing to you, and you can easily buy it.
I think Kevin totally recognized this as the next "ring". Which all sharks missed out on. I have a feeling with technology advancing so fast this will become cheaper and better and every other house will have one in twenty years
I think all the cleaning (it spills some stuff in the demo) chopping up stuff in advance will not be worth it. You can't prepare an onion and have it last a week without it degrading. Then all the unused fresh stuff that will spoil before it's used. A frozen system has more legs but rich people will just order from a restaurant.
3:24 " far more than that, but if it looks that simple, we've done a good job hiding the complexity" that's so clean. Idk if he gets a deal, still watching the video.
The comments talking about Mark being hung up on the robotics or acting like he knows everything is missing the point. The transparency in the company is important otherwise it's basically a lie to the face. Imagine all the "AI" companies stealing investors money currently saying they're creating AI from scratch but just using ChatGPT or something. Knowing what you're investing in matters and the lack of transparency can be a red flag. Another analogy would be like baking a cookie in an EZBake oven and calling yourself a head chef at a restaurant. Edit: People still seem to miss the point. Imagine you go into a restaurant and they told you their food is made from scratch. Later on you find out they buy their food premade and frozen and just reheat it. It doesn't matter how much revenue or popular the restaurant is, the lack of transparency is the red flag that makes you not want to invest. The issue is not Mark getting hung up, it's the entrepreneur trying to claim their company is a robotics company (made from scratch) when it's an integrator (premade and reheated). There isn't a problem in being an integrator, but telling a lie either means you are trying stretch the truth, or you don't even know what your company is. In both cases, it's a bad sign.
No I think what ppl are saying is Mark was never going to make a deal with this guy and couldn’t get his head around the fact that someone built a pretty slick home kitchen thing. He got too in his feelings. As an investor he should’ve focused more on the business potential as it was pre revenue
Wrong, Mark is always acting like he's the authority in digital, and what he's actually done in the past was simply stealing a tech idea and selling it for alot of money. Let's be forreal. Mark is a hater.
A challenge in robotics isn't the hardware for the most part, it's getting it to do what needs to be done .. the brains... for this application manufacturing robotics has already reached the precision levels beyond this. What he lacks though is solid cofounders with engineering backgrounds. Because off the shelf parts are great, but will need tweaking to fit in home. They would need to safety and variety. In manufacturing it's a controlled environment. They need to modify software at the core level a lot to make it safe. The second thing is there is food preparation, if cooking was as easy as dumping ingredients life would be much easier, how do onions get peeled? who cleans the mess??? i believe the demo was a lie. The third thing is cost, after all is said and done, it somehow works, sufficiently enough even for small types of food... is it worth it.. if you are rich, you have a chef, you are not rich then there would be cheaper alternatives.. eating outside or uber eats... We could argue this sucks but could lead to something bettter down the line, but with Tesla, and bunch of chinese robot companies working on full humanoid robots, this will become obsolete.
U didn't get the concept: chefee is about cooking original meals which would usually take time to make or to learn to cook, if u really want pizza u can just buy a frozen pizza and heat it up
The meals it makes are in the app. If it's not in the app, it can't be made. It's not going to cook you a steak and potatoes simply because you "ask" it to.
Surely meals will be able to be added to the app. They said you can customise ingredients based on dietary requirements so I presume it would have to be able to get more recipes added etc.
What a guy I mean he answered every question almost perfectly against all the doubts coming from the sharks. If he’s at the head of the company I think they will do alright.
The problem with this machine is that it appears like it can only steam/boil foods, maybe bake. Chopping, searing, and adjusting to taste are such fundamental cooking skills that require the combination of many senses: touch, vision, taste/smell, even hearing. Robotics is not there yet. If the cost is 10k to a wealthy market, you are better off hiring a personal chef, using meal delivery services, or get this- learn to cook, a fundamental life skill.
I don’t see how this is ever a success, it is made for single moms or bachelors but it is priced for the moderately rich, very rich people would have a chef if at home cooking was an issue.
High end lodges , villas, air bnb rooms. It has a definite market and rich would love fo have it as a show piece. May be not for everyday use but there are lot of potential buyers
Cool concept! I think it has potential in offices, eating areas or even parks but I can't see myself spending that much money just to save me the trouble of cooking for 1-2 hours. Mark is right, it's a vendo machine
Excellent video but Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
This has the smell of Ring doorbell when it was on Shark tank. Janky high risk product but high potential reward. Wonder if he'll be back as a Shark. Mark sometimes overestimates his tech expertise.
Mark must have discovered through his experience with robotics companies that robotics is a hard problem to solve. However, Assaf has drastically narrowed the scope of his robotic system by making it only need to gather ingredients from deterministic locations, and move them to a fixed destination, and do some deterministic ingredient mixing during cooking. With this strategy, Assaf has skipped the need for any advanced computer vision, motion planning and control algorithms. This is an insight that Mark missed in his critique of CHEFEE. If the market and demand exist for the CHEFEE system, the robotic system is simple enough that it could be executed with technology that existed even 30 years ago.
I see this working great at mid-sized Office pantries. Pre-order your meals before lunch time, and pick them up for your lunch hour. Office supplies groceries - a way for them to keep lunch breaks shorter than employees stepping out!
Not enough information to really say anything about this. We don't know how the ingredients end up in the cooker and how maintenance is supposed to work for this product. To me it seems like a system that takes ingredients and puts them in a cooker with water followed up by heating everything up. There are a lot of dishes that require stirring for example. Can it boil noodles?
The vertical design is a clever idea, but this company will face tough crowed in private homes, because for ten grand people would want much more variety of foods than stews and soups, which is what this machinery seems to produce. If he can manage to add two or more cooking method, this would be huge, and that is a rare occurrence in shark tank show.
I could never afford one, but I remember seeing a 50" HD screen once for 10k, and now you can get a 4k for less then 300.... so ill be looking at this in say 15 years time!
I’m a tech startup guy, AI has been my thing since 2013, IoT since 2019, my company builds automated poultry farm system. I honestly smell “fake it till you make it” strongly in this. I mean look at that fake robotic demo 😂, those are mockup at best. When Lori asked him about the one they already have operating, if they really do have it, he would’ve jumped at the opportunity to show the picture or the video
I love cooking so this isn't for me, but my big concern upon watching is how everything is going to seal and clean all the dispenser parts in use. Otherwise, those dispensers are going to be dropping bugs into the recipes along with the food cubes in short order (hey look, accidental pun).
Hear that great answer by this entrepreneur? “It’s far more than that but if it looks that simple to you then we have done a great job hiding the complexity” 👏
Some of the advantages to this over chefs and restaurants is that you can control ingredients based on dietary requirements and allergies. You can also choose number of servings so getting 3 or 4 servings of restaurant quality meals 5 nights a week would probably be worth at least $500-$800 which is $25000 - $40000 a yr. Of course it would depend on the price of ingredients but it would probably pay for itself in a year if yoy just used it for 5 dinners a week. Some people already spend that sort of money on kitchens without this much functionality so it could definitely be worthwhile for some people. Id love to try the tofu fish.
right, you still have to go through the pain of cutting/pealing/unpackaging each ingredient and then wash every single compartement of the robot, wash the cooker's "pans" , wich is the worst part of cooking actually, you still have to do all the actual annoying parts of cooking while the robot just put things in a pan and stir
@@samijacquin8814Yes you hit the nail on the head. You would have hire somebody else to prepare all the ingredients to load and then have to take everything apart to clean after since food will rot.
there's a lot of potential for this technology down the road, maybe from a business model for then at least, they weren't very confident, but i know for sure, that every great technology that you may think of as amazing and revolutionary started as humble as this mechanical kitchen, times will tell.
A product like this will inevitably succeed at some point. I don’t think this product in this form factor will be the one to do it. I can’t imagine why enough consumers would want this to build a business off of. I can only really see this used for businesses like restaurants and such.
I think this is actually a great product and I can see this being implemented in certain avenues. People are throwing hate on it because it can't make everything. But it's the first big step into something that can.
someone's still going to have to fill the containers and clean up the dishes, unpack the shipped food....just hire me or someone to be your personal chef. in the long run it will be less expensive. this is too complicated.
This would only work if it’s perfect and has no flaws, otherwise could be a huge headache, especially with maintenance. By that point it would be so expensive. U still have to do a lot of work. Washing and preparing the ingredients, making sure they haven’t gone bad. I bet a lot of people will be watching this thing in action so u won’t save that much time.
This is a gimmicky product with an unserious name. It could become big in Japan, in quick-casual diners, because people there are fascinated with vending machines and sometimes eat alone. However, becoming an integral part of western household?... naaaaaah ! I don't see it.
I get this is targeted to the wealthy. But in the US, if you have $50,000 to blow, you can just hire a personal chef that comes to your house 3 times a week to cook & clean up for $100 per meal ($50/hr for 2 hours). That's $15,600 per year. This novelty contraption for $50,000 that will still require chopping ingredients, cleaning, maintenance, software updates, and not to mention tearing apart your kitchen to install something that may be antiquated in a few years... it's just silly. Will robotics replace home cooking at some point in the distant future? Probably. But not at this price point. This reminds me of when plasma TV's first came out. A 45 inch TV for like $15,000 (with inflation would be $30,000 now).
This is the type of thing I could see being put into newly built homes and maybe offices where large companies aren't worried about the expense, but I can't see many people handing out $10K on the spot for it.
This will never come to fruition. Just a totally stupid idea. Having to stock the machine to cleaning it, replacing just a couple of ingrediants if they run out or if a couple of them spoil. Also what happens when you don't use all the ingrediants because your taste doesnt want to use everything. If this company goes out of business then who serves it. What about making a dessert? you still have to be in the kitchen. Brokee
He didnt say how much id be with a fridge but lets assume 15k for a basic one. If you are looking at this for a replacment for a subscription service like hello fresh or blue apron it would be equal to 2.5 years of the service. Seems like a great idea for new home builds or for people who just dont have the time. Depedning on your line of work this could even be money saving since you wouldn't need to dedicate otherwise productive time for cooking
I get both sides. Mr. Wonderful see's a great idea turned into a product and know's this is something that could be huge. He doesn't care how it works as long as it works. Mark's just saying i know exactly what this is, an integration. You want my money and can't even be transparent in your execution.
He was lucky to even get a deal. These type household installation products fall off from pitches because they start from sophistication to all kinds of complications and is just hard to sell, when the simple problem could be solved and matched by a food delivery app.
I’m just a normal guy and I would def pay 10k for something like this ! We spends 10’s of thousands on cars and other stuff, this would be a no brainier for most people
Yep, it's a good price at 10k for home use. Hopefully it can work on its own without having some BS monthly subscription service. I'm all for integrating with 3rd party apps, but not if it's obligatory.
Well, the whole point is the original mechanism and the idea in itself. So by Mark's logic their should only be one car company in the world, cuz every other one is an integration. This is such a great and cheap product for the value it delivers, I can imagine seeing it in every kitchen. Hopefully it has a dish washing function too.
Mark doesn't realize that literally all companies are integrators. From Apple to your favorite car. They all have other companies make key components. Idiot!
The work of cooking is in the preparation. This product does not eliminate the chopping, dicing, slicing and cutting. Product would need to be much larger to scale for storing liquids such as broths, sauces, milk etc. Plus to size and scale to feed a family of 4. Just an extremely expensive gadget that wouldn't eliminate the need for a stove, oven, blender, toaster and microwave. Not practical.
Hate Robert every time he hears a pitch price he has to say “wow” then at the end goes “12, 15% what’s the difference?” As if he’d give up 3% equity in any of his companies. Mark also got hung over the fact that it’s an integration company not robotics.
by mark's logic there are no car manufacturers, only car integrators...
i wanted to hear him speak the "technical " parts
The major car manufacturers actually make a ton of the parts that make up their cars. This company does not manufacture anything but rather integrates robotic parts manufactured by other companies.
He said it was a robotics company which was wrong. He is by definition an integrator. I know you are speaking for no knowledge base but by scientific and industry vocab, he was incorrect
Mark Cuban is a known fraudster, take nothing he say seriously
None of these people are actually millionaires, it's a scripted tv show
😂
According to Mark's logic, a shoemaker is essentially a "shoe integrator" because they source leather, rubber, and foam from various suppliers and then assemble these components into a complete shoe.
Even a software developer uses open-source codes to build their apps/programs etc. So a software developer should really be called software integrator. Physicists developed their theories based on experimental data reported by other scientists, so they are really data integrators. LOL
@@GatorWinupEverything in technology is built on abstraction. As more high level you go the more "integrated things" you use. Mark's statement was just dumb
Marks logic suggests shoemakers should have their own cow farm for the leather lol.
Trump was saying this about car makers in Detroit, I child could do it
Mark wants him to design and manufacture all the nuts bolts and parts and wires and even the glass before he can claim anything about the product
😂😂😂
You could tell mark was stewing at the end he just hated that this guy got a deal
yeh that's bullshet ...even US F-35 jets use chinese materials to build then will u say it is integrated component not completely built
@@joshuagiftsoni4062 exactly. Mark seemingly has no idea how the manufacturing sector works. He's so arrogant
Cause he said he made it from scratch at the start and he classified his company as a robotics company which is incorrect. He is an integrator
I’m confused by Mark’s logic. Literally every robotics company is an integration company. No one has every part custom-made.
he probably heard about "integration" two days before that episode
@@samijacquin8814 hahahaha.. and he just got the chance to use that word now
The idea is great and is perfect to sell to franchises, not sure if it should for households and it should automate for
Franchise to easier make dishes
Mark is like the worst shark tank investor his track record is pretty horrible
@@marklaothavornwong699Anticipating this machine replacing lots of chefs ...
“Mark, sometimes your arrogance fills the room.”
Robert, being right for once on the Minus Cal episode
He was right in the Minus Cal episode though. It was hilarious when they were trying to say that in no way, do they claim that the product will make you lose weight while they literally had a sign next to them that said "Lose Weight" 🤣
This thing doesn’t even chop. It’s a vending machine that dumps precut ingredients into a crockpot. He’s right because there is no path to the promises which would require much more sophisticated robotics. The task rabbit suggestion was also indicative of Mark’s point that it’s not thought through. At a minimum this would have to be part of a sub zero service plan.
He was right then, and even now it is, you isn’t understanding the concept
Robert is always bitching 😂. Funny thing is, Mark was right in that episode.
The ring is haunting the sharks
Update: Chefee will be ready for delivery by Christmas of 2024. So, it seems things are finally plugging along in terms of manufacturing.
Let's all hold our breaths.
Just because they're website says that means nothing..plus, they're still taking "pre-orders"...I doubt this is anywhere near close to being ready to ship
I don't buy the concept. its a relatively simple robotic. Friends of my brother did something similar as his engineering project in school. What stirs the food? Everyone that cooks knows you have to stir as it cooks? Or is it cooked at a low enough temperature not to need that? Then you would need more cooking time. By the time you waited for your Chefee to cook a meal you could have had two meals from delivery apps. Plus during the demo, I saw food falling out of the dispenser that missed the bowl.
@@Gabriel-fz4ys It's not like you'll install one of these and go "oh, I'm hungry. Lets tell Chefee to make us dinner". You can set a schedule to have your meals ready at different times during the week etc. I do think the stuff it can cook will be quite limited though and mostly work for stews etc. and not searing 5 stakes, making a pizza or stuff like that.
@@Gabriel-fz4ys So where are the friends of your brother now? lol
Here's what I would have said to Mark: "No Mark, we didn't take individual atoms and combine them into molecules."
😂😂😂
haha they prob would have edited that out to make mark look good
"I know a little bit about robotics"
Yo bro maybe the guy in front of you knows a little bit more.
@@whatsadog2445 Mark know about Money the end loool
Then you're missing his point. Chefee guy didn't want to open up explaining the backbone of the tech, because it's obviously not new tech judging on how slow it performs. Hence Mark called the company is an integrator. Let's be honest, from the demo it shows nothing spectacular.
He’s absolutely right to target new build homes. Homebuyers wouldn’t bat an eye at adding 10k to the home through the mortgage. Well if it was 10k for the builder, they’ll charge the customer 20k lol…but builders do that all the time with upgrades etc.
This. Plus if its tied to a SubZero with maintenance it's a slam dunk.
It's a no brainer as long as you can still cook and store your food aa usuak without compromises (like looking good having that storage being empty)
It's a no brainer as long as you can still cook and store your food aa usuak without compromises (like looking good having that storage being empty)
If this was free I wouldn't want it installed in my house!
Its too risky of a commitment to add in a built in kitchen with tech thats just been made. Escepially if its like 50k and I add cook anything other than whats avilable in the app
3:20 "So it's a vending machine connected to a bowl"
Me: yep, just like Ronaldo is a guy that kicks a ball.
SICK BURN 🔥 😂😂😂😂
😂😂😂I'm howling
Man, that was a sick roast. LOL.
Roast of the century
Suprised that he took the deal. These companies usually aren't that eager for a deal and are just happy to get the exposure.
thats cos they usually have already raised 5m+ capital on convertible notes with valuation caps/anti dilution ratchets that significantly handicap their deal making ability. this guy only raised $450k for a high valued tech startup which gave him the freedom to raise a lower valuation and probably doesnt hurt his other investors and himself AS MUCH
He probably knew this too and said yea on camera, probably will not go thru with the deal in back end. 90% of deals actually nvr go thru
He will reach out to subzero when he sees it’s not licensable the check won’t be signed.
@@traderzzz123Its actually closer to 50% that don’t go through. But you’re right I doubt this deal was ever done, and he just accepted for the exposure.
You're absolutely right, I was surprised too
By Mark’s logic
we should call Apple an integrator company
that's exactly what I commented too. Apple doesn't manufacture the camera, the chip, the display or most of the major parts
@@saadashraf1293 the chip is the only thing they manufacture
@@andmotta9686they don’t actually! It is manufactured by Taiwanese company completely independent of apple but the chips are custom made
Mann, I was so ready for the geek out battle that was about to ensue at 9:56 😂
Saaaaame
Not sure why the other sharks cut it off, would've made for good TV.
Man, I was disappointed. I was about to get my popcorn ready 😂
Mark wouldn’t have survived. He just would’ve said a few buzz words
Mark would have been slaughtered, see how fast he said he was out when the guy said let's do it?
The biggest question that nobody asked is, "who has to cut the vegetables and meat to fit those little boxes and at what size should you be cutting them?"
Because if you're doing the shopping, putting away the ingredients, and cutting everything , it's not that much further for you to put it in a pan and stir it like the machine is doing.
Purchase precut vegetables they same way kuregg has coffee cups 😊
Ur momma
You have to have a robot to cut the vegetables.
The butler will take of that.
You're absolutely right. If you look at the boxes, on one side it's just pasta and beans and the other side has a ridiculously-small amount of ingredients that are pre-cut. Who wants to store pre-cut onions? I think that's the product killer here. I'm out.
Mark wanted to see an actual Megatron 3000 prepping meals
I think selling these to fast casual restaurants would be the move
Hmm, interesting and good idea I think.
Restaurants, rich houses, convention centers
why? you still have to cut and prep everything. and it can only make soups and stews
Wedding venues and festivals would work too. High end ones of course.
no... soups take too long to cook for on the spot casual dining orders....every time you've ordered soup in the restaurant in your life they've had it premade and reheated it for you.... no one makes a soup on the spot as you order
I could imagine a system like this at Chipotle or something. Fast food restaurants would love this.
Of course not, this crap is too slow and unreliable for an actual restaurant. You have no clue
@@whatsadog2445I disagree. I think it would be very helpful.
Exactly
It would work just as well as McDonalds ice cream machine
They already have automation in rest
If I'm going to chop onions, carrots, cucumbers, spinach, etc., and load hoppers, I then have to accept that some of that will not be used before I have to toss, clean, and re-load, repeat.
Isn't it less wasteful to do that as I need it?
Keeping this thing full and fresh will be a PITA.
No this is much better than simply ordering ready food that is delivered to your home *Sarcasm*
The talk about maintenance, but don't talk about spoilage and per use cleaning? I wonder if anyone involved with this has ever worked in a restaurant before. Cleaning up after this is way different than cleaning up after yourself.
Ever heard of a dish washer ?😂 pick the things up put in dish washer and press a button
You think that those containers are going to keep fresh ingredients forever? Cleaning those alone most probably defeats any benefit of spending $50K on this robot. You may as well order takeout. Stupid idea.
ikr. ive cleaned deep fryers ovens and stove tops and it collects alot of oil and grease in all the crevices. imagine the accumulation in all the moving parts in this thing. but i guess if one can afford this thing they can also afford a professional cleaner
@@leonabc298 who said ingredients will stay fresh forever ?
And the version he showed was 9,500k not 50 k !
@@shsh-he5qgyou obviously have no chef experience it’s not as simple as what your spewing out your mouth
the idea is absolutely epic! would LOVE to see this come down in price, $10k -$50k is too much
10K is reasonable IMO. Think about how much it would cost to hire a chef.
@@noelr1010yeah no chef is working all year for 10k, this is perfect for rich homes and busy parents
Houses are already over 100k-500k, is 10% of that really going to make a difference for a self cooking kitchen? It's really for people buying a new house or apartment with the price included in the deal
@@kevinmartincossiolozano8245 when you put it that way, I wouldn’t mind spending an extra 10k on a home for a self cooking kitchen🤯😂
I was expecting 100k, 10k is an absolute bargain. Of course I like to cook, so ehhh
I think if you can cut everything up and place them neatly into the cubes then you’re already a chef. Just finish the meal already.
right, you still have to go through the pain of cutting/pealing/unpackaging each ingredient and then wash every single compartement of the robot, wash the cooker's "pans" , wich is the worst part of cooking actually, you still have to do all the actual annoying parts of cooking while the robot just put things in a pan and stir
Not at all. Especially for complex dishes. But your correct in that, prep is like 60-70% of the battle.
I'm sure the concept would be to eventually have ingredients prepped for purchase similar to coffee pods
By Mark’s definition every mechanically related industrial company is an integrator… I don’t know of any company that doesn’t outsource, whether that be for tooling or components.
Henry Ford did that like 100 years ago. 😅
Companies most of the time are not looking for og patents for the loose parts.
No, they want competiton beetween suppliers and they want to change them quickly if it is necessary.
If you can afford $50K plus a subscription for a machine to cook you a curry you can probably afford to have a private chef. Alternatively, shock horror 😮, have a delicious meal delivered to your home from a high end restaurant or GO to a high end restaurant. I can't see this being anything but a niche market. It strikes me as something of an expensive novelty. Good luck not getting your fingers burnt with this one Kevin. Take it behind the barn and 💥.
My thoughts exactly!
This is one of the stupidest concepts I've ever seen on Shark Tank. NO ONE will purchase this.
It’s a very good product but way too expensive
I don’t want a bunch of poorly secured and expensive smart tech that stops working if/when the company that sells it folds or if I stop paying a ridiculous monthly subscription with a bunch of moving parts that are expensive, complex and difficult to fix or service. I just want standard kitchen equipment that is built well and that will last. Also, this dude was way too defensive, completely missing everything Mark was trying to say.
If people thought this way.. we would have never got mobile phones.. we would have never got wireless headphones.. we would have never got electric vehicles.. we would have never got any assembly machines in factories.. Ofcourse first generation of anything won't be perfect.. it would take years and years to adapt and overcome flaws.. Remember oculus by meta? the VR headset? it was launched in 2011... apple learned from it.. used it and created their own apple Vision and now it is trending.. in upcoming years everyone will start using it when android companies make the same product but in budget
@@sravankumar7880I was thinking the same. Or a Samsung fridge, stove.
I guess the difference is most people just spend $200-2000 to get a new one if breaks.
This being so much more expensive up to 50k you have to get it fix. Suprised he didn't offer a maintenance plan for like $8 a month.
@@sravankumar7880The quest is already a budget alternative
Nest thermostat comes to mind.
@@ToxicXYGamerThat’s why he has 5 billion and you are complaining in yt comments 😂
There's a lot of problems with this product.
1) Who's the target audience for this and do they have 10k-50k to just randomly throw away?
2) What happens when foos spoils inside the cubby? Is Cheffe going to be making meals with spoiled ingredients?
3) Are there any safety measures built into the product?
4) If you still have to shop, stock and peal the ingredients, cooking the actual mean isn't far off?
5) This seems like it only makes soups and curries. Dishes that are cooked all together. If a consumer is spending 50k, I'd think they want more than a curry from it.
I agree with all these points. This is one of the WORST products ever presented on Shark Tank. NO ONE will buy this. Or, if someone does they will have it removed from their kitchen in less than a year.
So these aren't problems and you lack knowledge. Lemme answer your questions :
1- Target audience could be big restaurants, or people that are constructing homes for themselves spending millions they wouldn't mind dropping 10k for the basic version or even 50k for the premium version
2- you don't necessarily have to peal the vegetables and ingredients, you can just buy them like that too. And no way did you say that cooking isn't far off from cutting and restocking. Are you serious?? Bro I can definitely buy the stuff and put them in little boxes and stock them but I definitely can't cook nothing, not even an omelette. If I can buy tomatoes, onions blah blah and put them in tiny boxes that doesn't mean I can make a whole chicken tikka masala too.
As for the remaining questions you asked yeah, they're more logical and they must have some measures for it
@@saadashraf1293you answered 2 out of 5 and you said he lacks knowledge? YOU LACK KNOWLEDGE 😂
@@sw33tialucard yeah I answered 2 out of 5 because the rest of the 3 would require lot of information about how this product works because guess what genius, I didn't make the product
@@saadashraf1293 This clearly isn't designed for big restaurants so that's out. And any well respected restaurant would never entertain the thought of using this. And customers wouldn't go for it either. Maybe a fast food restaurant could utilize it to some extent.
So who is the target consumer? I highly doubt any "foodie" would want this because they generally enjoy the process of preparing and cooking their own meals. If it's targeted to people that are extremely busy, I don't see this as that much of a time saver. You would have to plan out the meals well in advance, and sure there are some food items that you can buy that are pre-prepared, but not that many. And again, there are definitely limitations to what it can make. The only people I can see purchasing this would be people that want two kitchens. That is a VERY small target! As an investor I don't see this catching on.
I think Kevin understands that gadget hungry foodie. But this thing is less versatile than even a little Thermomix (machine that whips, blends, etc.) and takes up so much more space and is such a huge commitment to integrate it into your kitchen setup which will need updating every few years as any robot would. If you have a gigantic kitchen and want to entertain your guests, it might be fun for a while. I get the licensing thing - people need a big kitchen brand name to trust
If you want a bake potato you have to order the $3500.00 bake potato accessory attachment 😂😂😂😂
So this thing moves ingredients into a crockpot for $40,000. Even a super rich person would likely see this is a scam.
It seems to do what it says it will. It may be pricy, but I wouldn't say it's a scam.
Are u a super rich person?👀
@@aakritisharma1329 no, but I’m no idiot
@@jaymoney9643 Wrong, because if you weren't then you'd be super rich. And if you are super rich then that much money means nothing to you, and you can easily buy it.
I think Kevin totally recognized this as the next "ring". Which all sharks missed out on. I have a feeling with technology advancing so fast this will become cheaper and better and every other house will have one in twenty years
Doubtful
The problem is that ring actually had a scalable market. There is money to be made here but nothing close to what Ring had in the market.
I think all the cleaning (it spills some stuff in the demo) chopping up stuff in advance will not be worth it. You can't prepare an onion and have it last a week without it degrading. Then all the unused fresh stuff that will spoil before it's used. A frozen system has more legs but rich people will just order from a restaurant.
3:24 " far more than that, but if it looks that simple, we've done a good job hiding the complexity" that's so clean. Idk if he gets a deal, still watching the video.
The comments talking about Mark being hung up on the robotics or acting like he knows everything is missing the point. The transparency in the company is important otherwise it's basically a lie to the face. Imagine all the "AI" companies stealing investors money currently saying they're creating AI from scratch but just using ChatGPT or something. Knowing what you're investing in matters and the lack of transparency can be a red flag. Another analogy would be like baking a cookie in an EZBake oven and calling yourself a head chef at a restaurant.
Edit: People still seem to miss the point. Imagine you go into a restaurant and they told you their food is made from scratch. Later on you find out they buy their food premade and frozen and just reheat it. It doesn't matter how much revenue or popular the restaurant is, the lack of transparency is the red flag that makes you not want to invest. The issue is not Mark getting hung up, it's the entrepreneur trying to claim their company is a robotics company (made from scratch) when it's an integrator (premade and reheated). There isn't a problem in being an integrator, but telling a lie either means you are trying stretch the truth, or you don't even know what your company is. In both cases, it's a bad sign.
No I think what ppl are saying is Mark was never going to make a deal with this guy and couldn’t get his head around the fact that someone built a pretty slick home kitchen thing. He got too in his feelings. As an investor he should’ve focused more on the business potential as it was pre revenue
Wrong, Mark is always acting like he's the authority in digital, and what he's actually done in the past was simply stealing a tech idea and selling it for alot of money. Let's be forreal. Mark is a hater.
Exactly. That pitch was ridiculous.
well, many are buying Chinese phones, electric cars, etc .. that people are sure that 'they did not invent it' ...
@@WindRipples- That has nothing to do with what I said. Notice my point was not about Mark, it was about companies not being transparent.
This is ideal for restaurants! Preconfigured for each restaurant depending on the cuisine.
A challenge in robotics isn't the hardware for the most part, it's getting it to do what needs to be done .. the brains... for this application manufacturing robotics has already reached the precision levels beyond this. What he lacks though is solid cofounders with engineering backgrounds. Because off the shelf parts are great, but will need tweaking to fit in home. They would need to safety and variety. In manufacturing it's a controlled environment. They need to modify software at the core level a lot to make it safe.
The second thing is there is food preparation, if cooking was as easy as dumping ingredients life would be much easier, how do onions get peeled? who cleans the mess??? i believe the demo was a lie.
The third thing is cost, after all is said and done, it somehow works, sufficiently enough even for small types of food... is it worth it.. if you are rich, you have a chef, you are not rich then there would be cheaper alternatives.. eating outside or uber eats...
We could argue this sucks but could lead to something bettter down the line, but with Tesla, and bunch of chinese robot companies working on full humanoid robots, this will become obsolete.
Me:"Chefee make me a pizza"
Chefee:"..."
it spits out cheese toast with ketchup on top
U didn't get the concept: chefee is about cooking original meals which would usually take time to make or to learn to cook, if u really want pizza u can just buy a frozen pizza and heat it up
@@Master_Carrywhat else does it to but combine pre-prepared ingredients?
The meals it makes are in the app. If it's not in the app, it can't be made. It's not going to cook you a steak and potatoes simply because you "ask" it to.
Surely meals will be able to be added to the app. They said you can customise ingredients based on dietary requirements so I presume it would have to be able to get more recipes added etc.
Honestly seems like a great product and a passionate inventor
What a guy I mean he answered every question almost perfectly against all the doubts coming from the sharks. If he’s at the head of the company I think they will do alright.
The way he said let’s go see sun zero was so boss
kevin know food space and he made money with plated, he knows if this things hits with million $ home buyers then he will make big money easily
2:42 the lid is tilted and some ingredients are being spilled on the kitchen counter
Well it was created by a man - my husband cooks the exact same way
@@vitaluka lol 😂
The problem with this machine is that it appears like it can only steam/boil foods, maybe bake. Chopping, searing, and adjusting to taste are such fundamental cooking skills that require the combination of many senses: touch, vision, taste/smell, even hearing. Robotics is not there yet. If the cost is 10k to a wealthy market, you are better off hiring a personal chef, using meal delivery services, or get this- learn to cook, a fundamental life skill.
I don’t see how this is ever a success, it is made for single moms or bachelors but it is priced for the moderately rich, very rich people would have a chef if at home cooking was an issue.
Rich people like gadgets
@@eyalkarni3290rather have a private chef than pay for this
Naw it's just middle class cause it's 10k that's a lot but many people pay 65k on a truck low class
High end lodges , villas, air bnb rooms. It has a definite market and rich would love fo have it as a show piece. May be not for everyday use but there are lot of potential buyers
Cool concept! I think it has potential in offices, eating areas or even parks but I can't see myself spending that much money just to save me the trouble of cooking for 1-2 hours. Mark is right, it's a vendo machine
By the time you load everything into it, you could have made the damn meal
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This has the smell of Ring doorbell when it was on Shark tank. Janky high risk product but high potential reward. Wonder if he'll be back as a Shark. Mark sometimes overestimates his tech expertise.
Look at of the proportion of smart appliances that are now defunct, I don’t think being suspicious of tech bro promises is too out of line…
I hate smart appliances. One glitch and they're useless, nobody knows how to repair the computer
Not even close
I spend 40k and then it breaks
“Call Taskrabbit”
And for for those reasons I’m out.
Same thing for cars
9:51 When Mark said he knows about Robotics, OS and integration, reminded me of Jen from IT guys from that interview.
Mark must have discovered through his experience with robotics companies that robotics is a hard problem to solve. However, Assaf has drastically narrowed the scope of his robotic system by making it only need to gather ingredients from deterministic locations, and move them to a fixed destination, and do some deterministic ingredient mixing during cooking. With this strategy, Assaf has skipped the need for any advanced computer vision, motion planning and control algorithms. This is an insight that Mark missed in his critique of CHEFEE. If the market and demand exist for the CHEFEE system, the robotic system is simple enough that it could be executed with technology that existed even 30 years ago.
I see this working great at mid-sized Office pantries. Pre-order your meals before lunch time, and pick them up for your lunch hour. Office supplies groceries - a way for them to keep lunch breaks shorter than employees stepping out!
Not enough information to really say anything about this. We don't know how the ingredients end up in the cooker and how maintenance is supposed to work for this product. To me it seems like a system that takes ingredients and puts them in a cooker with water followed up by heating everything up. There are a lot of dishes that require stirring for example. Can it boil noodles?
The vertical design is a clever idea, but this company will face tough crowed in private homes, because for ten grand people would want much more variety of foods than stews and soups, which is what this machinery seems to produce. If he can manage to add two or more cooking method, this would be huge, and that is a rare occurrence in shark tank show.
in japan, as a vending machine this would work fine if you are willing to wait like 15-20 minutes for the machine to cook
When you can afford a robotic self cooking for 50k. You can afford a private chef that does a 10.000 better job and prelibate delicious dishes…
Just buy an air fryer folks. lol
An air fryer is an appliance that you still have to operate yourself. This is the exact opposite of a product that’s trying to do the work for you.
@@SimpExterminator u gotta cut up the food and store it in the thing, u gotta clean it, etc
I could never afford one, but I remember seeing a 50" HD screen once for 10k, and now you can get a 4k for less then 300.... so ill be looking at this in say 15 years time!
I’m a tech startup guy, AI has been my thing since 2013, IoT since 2019, my company builds automated poultry farm system. I honestly smell “fake it till you make it” strongly in this. I mean look at that fake robotic demo 😂, those are mockup at best. When Lori asked him about the one they already have operating, if they really do have it, he would’ve jumped at the opportunity to show the picture or the video
Mark was right. It happened with Sally the Salad robot. I cant imagine with this happening with a home system.
Ooo what is the name of your poultry company?!
I love cooking so this isn't for me, but my big concern upon watching is how everything is going to seal and clean all the dispenser parts in use. Otherwise, those dispensers are going to be dropping bugs into the recipes along with the food cubes in short order (hey look, accidental pun).
Barbara: the tikka is better than I cook. For those reason I’m out 😢 7:45
Pitcher: chefee
Robert: wow !
Mark is the smartest in the room right now... 😊
Hear that great answer by this entrepreneur? “It’s far more than that but if it looks that simple to you then we have done a great job hiding the complexity” 👏
$40-50K of headaches. No thanks.
Forreal, just learn to cook or even hire a chef if you got that kinda money to begin with 😂
Some of the advantages to this over chefs and restaurants is that you can control ingredients based on dietary requirements and allergies. You can also choose number of servings so getting 3 or 4 servings of restaurant quality meals 5 nights a week would probably be worth at least $500-$800 which is $25000 - $40000 a yr. Of course it would depend on the price of ingredients but it would probably pay for itself in a year if yoy just used it for 5 dinners a week. Some people already spend that sort of money on kitchens without this much functionality so it could definitely be worthwhile for some people. Id love to try the tofu fish.
Who loads and cleans that thing?
right, you still have to go through the pain of cutting/pealing/unpackaging each ingredient and then wash every single compartement of the robot, wash the cooker's "pans" , wich is the worst part of cooking actually, you still have to do all the actual annoying parts of cooking while the robot just put things in a pan and stir
Rebecca
You! Lollll😂
He didn't mention that " issue" so I totally would ask the same thing bro
@@samijacquin8814Yes you hit the nail on the head. You would have hire somebody else to prepare all the ingredients to load and then have to take everything apart to clean after since food will rot.
there's a lot of potential for this technology down the road, maybe from a business model for then at least, they weren't very confident, but i know for sure, that every great technology that you may think of as amazing and revolutionary started as humble as this mechanical kitchen, times will tell.
A product like this will inevitably succeed at some point. I don’t think this product in this form factor will be the one to do it. I can’t imagine why enough consumers would want this to build a business off of. I can only really see this used for businesses like restaurants and such.
Imagine having pitched this to sub zero already, to leave empty handed, but to now have Mr.wonderful work some wonders that must be a great feeling
8:18 I just watched every last photon of light leave this man’s eyes. 💀
😆😂😂
He was like "Oh shi*, we didn't think about that."
I think this is actually a great product and I can see this being implemented in certain avenues. People are throwing hate on it because it can't make everything. But it's the first big step into something that can.
someone's still going to have to fill the containers and clean up the dishes, unpack the shipped food....just hire me or someone to be your personal chef. in the long run it will be less expensive. this is too complicated.
Truueee
True nobody asked about the cleaning
This would only work if it’s perfect and has no flaws, otherwise could be a huge headache, especially with maintenance. By that point it would be so expensive.
U still have to do a lot of work. Washing and preparing the ingredients, making sure they haven’t gone bad. I bet a lot of people will be watching this thing in action so u won’t save that much time.
This is a gimmicky product with an unserious name. It could become big in Japan, in quick-casual diners, because people there are fascinated with vending machines and sometimes eat alone. However, becoming an integral part of western household?... naaaaaah ! I don't see it.
I get this is targeted to the wealthy. But in the US, if you have $50,000 to blow, you can just hire a personal chef that comes to your house 3 times a week to cook & clean up for $100 per meal ($50/hr for 2 hours). That's $15,600 per year. This novelty contraption for $50,000 that will still require chopping ingredients, cleaning, maintenance, software updates, and not to mention tearing apart your kitchen to install something that may be antiquated in a few years... it's just silly. Will robotics replace home cooking at some point in the distant future? Probably. But not at this price point. This reminds me of when plasma TV's first came out. A 45 inch TV for like $15,000 (with inflation would be $30,000 now).
Just sell this idea to restaurants they will definitely benefit this
nonsense...... just look at the speed, even if you had 1 per customer it would be slow.
@@stevesteve8098 I guess 😭😭
Mark's logic is so so sooo stupid.
Someone rightly said "Sometimes i wonder how you made all those money".
How did he turn out so dumb in this pitch.😂
I could order a whole lotta door dash for 10 grand.
Adds up my guy
@@shashanksetty8110Yeah. 3-5 years is about how far 10 grand would take him. It’s a funny co,,met tho
What about the health?
@@mikelxanadu How many Taskrabbits will you need to call to maintain your precision robotics in that time 😂😂
Ikr that's McDonald's for like three months.
One of the few times where Mark displaced reMARKable ignorance. Dont need to assembke every molecule yourself to be called robotics company.
This is future these guys are just delaying it
From Mark prospective Apple isn't an innovative company. They're an integrator consolidating their components from over 40 different suppliers.
They should sell it to facilities and homes of disabled people
I really liked the guy. He is very smart, he picks his words very wisely and he is passionate. Gg
mark is a great guy yeah but sometimes he just acts like he knows everything when it comes to robotics and tech and stuff contrary to robert
This is the type of thing I could see being put into newly built homes and maybe offices where large companies aren't worried about the expense, but I can't see many people handing out $10K on the spot for it.
This will never come to fruition. Just a totally stupid idea. Having to stock the machine to cleaning it, replacing just a couple of ingrediants if they run out or if a couple of them spoil. Also what happens when you don't use all the ingrediants because your taste doesnt want to use everything. If this company goes out of business then who serves it. What about making a dessert? you still have to be in the kitchen. Brokee
He didnt say how much id be with a fridge but lets assume 15k for a basic one. If you are looking at this for a replacment for a subscription service like hello fresh or blue apron it would be equal to 2.5 years of the service. Seems like a great idea for new home builds or for people who just dont have the time. Depedning on your line of work this could even be money saving since you wouldn't need to dedicate otherwise productive time for cooking
I get both sides. Mr. Wonderful see's a great idea turned into a product and know's this is something that could be huge. He doesn't care how it works as long as it works. Mark's just saying i know exactly what this is, an integration. You want my money and can't even be transparent in your execution.
"let's go see Sub-Zero"
That's the most badass line anyone ever said on this show 😆
Pause at 2:53... All the refrigerated side is fake food lol I mean they have to basically for that magic TV look. Food commercials do the same thing.
Barbara's premium reaction xD
He was lucky to even get a deal. These type household installation products fall off from pitches because they start from sophistication to all kinds of complications and is just hard to sell, when the simple problem could be solved and matched by a food delivery app.
I’m just a normal guy and I would def pay 10k for something like this !
We spends 10’s of thousands on cars and other stuff, this would be a no brainier for most people
Especially if you could finance it like a car
Yep, it's a good price at 10k for home use. Hopefully it can work on its own without having some BS monthly subscription service. I'm all for integrating with 3rd party apps, but not if it's obligatory.
If you say that you can't be normal
"Lets go see Subzero" - That's the best line from Mr. Wonderful since "Scrub Daddy you suck!"
אחלה אסף, בהצלחה אח יקר, גאווה ישראלית בעמק הסיליקון :)
Well, the whole point is the original mechanism and the idea in itself. So by Mark's logic their should only be one car company in the world, cuz every other one is an integration.
This is such a great and cheap product for the value it delivers, I can imagine seeing it in every kitchen. Hopefully it has a dish washing function too.
Awesome idea, I'm sure in 10-12 years the price will come down for us normal folks to have it installed at our homes as well.
A regular kitchen with appliances will already cost 10k+
Mark doesn't realize that literally all companies are integrators. From Apple to your favorite car. They all have other companies make key components. Idiot!
@@pscrypto966 or more, lol... This is extra
The work of cooking is in the preparation. This product does not eliminate the chopping, dicing, slicing and cutting. Product would need to be much larger to scale for storing liquids such as broths, sauces, milk etc. Plus to size and scale to feed a family of 4. Just an extremely expensive gadget that wouldn't eliminate the need for a stove, oven, blender, toaster and microwave. Not practical.
Hate Robert every time he hears a pitch price he has to say “wow” then at the end goes “12, 15% what’s the difference?” As if he’d give up 3% equity in any of his companies. Mark also got hung over the fact that it’s an integration company not robotics.
the point is the guy is wishy washy and shady
Mark is too smart around the tech space, but kevin is all about food....
MARK IS EXTREMELY WRONG ON THIS ONE AND HE KEPT DOUBLING DOWN ON HIS OWN IGNORANCE 👀