Something Isn't Adding Up With Springer 🤔 | Shark Tank US | Shark Tank Global
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- Опубликовано: 10 сен 2024
- Griffin & Shannon Ross are seeking $400k for 6% of their company Springer.
From Season 13 Episode 24
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Something Isn't Adding Up With Springer 🤔 | Shark Tank US | Shark Tank Global
/ @sharktankglobal
After the show, Barbara approached the owners in the parking lot. She wanted to tell them that she was out.
😂😂😂
Fr?
Under rated comment
@@Cappinoyagiz no dude. It was a joke. LoL
Can you come up with something original to say?
It's interesting how sometimes the Sharks fuss at these entrepreneurs for taking a salary from their business, then other times tell them they aren't dedicated to their business if they have another job on the side to fund the company. Like what are they supposed to do, move back in with their parents and live rent free?
Sharks are clueless with how much it costs to live. They even complain when they end up in debt, makes no sense. They have to live…
70k a year is very reasonable, assuming they are working full time. I agree you need something to live.
I think he meant the rest of the family is also sucking out around 70k a year, with like 5 people doing that that's 350k gone and then 150k for the IP which is where the 500k disappeared
If two people, most likely without real children can't survive on 70k each, a year then, then they need to realign their priorities. Is your priority growing your business or living comfortably
I mean it factually doesn't cost much to live
Daymond is getting snobbier each season
With less and less reason to be
He’s so annoying these days, attitude for no reason
@laureng2820 because he gets a lotta crap for what happened with the rib guy
Yes he is
He barely said anything this episode. You're just not used to him being closer to the camera. Now all of a sudden Daymond is a problem for yall.
How long do you think they deprived their dog of water to ensure that he would drink during the pitch? 😅
That’s exactly what I thought hahaha
HAHHAA FIRST THING I THOUGHT TOO
You could tell the dog was still thirsty too
I don't know man, my dog will take a drink anytime I point him towards a bowl of water and say "here".
Kevin always congratulates people even if they don’t make a deal with him. I really like him! And tbh he’s the one making this show funny
"YOU ARE DRAINING THE COMPANY!"
paying themselves 4% of the revenue..
they also drained the other 500k+ which went into "brand building" (read: they paid their parents and themselves way more than they mentioned here)
its about the percent of the profit, not the revenue. it's a large chunk of the profit.
The net revenue was 100k though.
140k pay with 100k revenue is draining the company. Check the math again..... The 2 million was sales not net revenue
Ridiculing someone for paying themselves $70k/year is wild
Because you're supposed to invest everything when you start a company. Its careless to do otherwise and selfish.
How do you think they will survive ? You think they can just sleep on the street and eat fresh air ? You need money to live, and 70k is not a big amount at all
Paying yourself 70k in the early stage of the business instead of reinvesting into future growth is not a good move.
@@Blackhomeking12 they been in business since 2016 ! That’s not early stages of a business
Agree. They should not have any money from the business and send everything to charity instead
So a modest salary of 70k is for a full time is wild but if they had to work a part time job to survive they aren’t dedicated ? 🤨😂
LITERALLY
Consider the net profit, they blow through so much money. They pay themselves more than they profit.
My wife and I pay ourselves together a total of $36,000/year with a family of 5. These two pay themselves $140,000/year (probably no kids at their age) so yes they aren't committed to growing their business
What people are not noticing is that probably the parents are also taking some similar amount each… the point is, If you’re that comfortable, they shouldn’t be asking for money on Shark Tank… they offered 6% because they’d have the shark tank stamp but the investors themselves would be putting money in someone who’s not interested in growing THEIR money, so I understand why they’re out
Money went straight into their pockets. I’m eating a burger for lunch 🍔
100% They must've made a ton of 'company purchases' for themselves. Trying to live large like their Dad.
I’m eating a chicken wrap
I’m eating a burger for dinner 🍔
Well according to them I think they said they have a total of 6 employees, including themselves. If everyone is making a minimum of $50k annually that would explain where the money is going. Sounds like a couple of people need a paycut
Chicken alfredo here. Glad they got a deal.
The company made $2 million this year and they only had a net profit of $100,000. These two employees paid themselves 70,000 each which is $140,000 a year therefore they paid themselves 140% of their net revenue, which is absurd
I thought they had 100K profits *after* expenses. So after paying themselves and all other expenses/employees, they still ended up with 100K in profit.
@@BlazerStoner420 -yes, you're correct, even so, it speaks to the mentality of these entrepreneurs. They arent hungry enough, they arent all in. They may believe they are, but when you leave a company with $100k net profit after taking a $140k salary, how can you expect others to invest their money, when you're so greedy to your own business.
@@mikefieselman how much should they pay themselves?
I don't know whether you're all retired, but 70k isn't that much money anymore...
@@mikefieselman And remember their parents and the two other employees. Plus think about it from the Sharks perspective, if they're only making $100k a year net that means it would take Lori 40 years just to get her original investment back. That's a bad deal and I'd be surprised if it actually closed.
Welcome to lunch everyone
i am eating breakfast rn 😂
This company is worth 75 trillion dollars now. Also, I've had nothing to eat today.
Eat something bro
@@FSSmashI second this
😂
Lmao dude have a sandwich
impossible, watching without a lunch.
Price is so silly. so often we get hundreds tossed bottles ---they do the job.
I love how everyone is just saying what there having for lunch without explenation. Cause we all live in the same world where shark + food = lunch time 😂😅
The Sharks are so out of touch with reality sometimes. Just because you can live your life without even knowing how much "salary" you're making doesn't give you the right to hound someone for 70k which is so average in this day and age.
they are paying themselves $140K with only $100K in revenue lmao it's simple math
Temu quality device
My dog has that, they didn’t create it 🙃💀
my dog gets my cupped digits. Perfect every time.
They're "fixing" a problem that doesn't exist.
Every single time.
*I use a water bottle and collapsible bowl when I take my dog to the park. When she drinks from the bowl there’s always dog slobber mixed in with the water that gets dumped out. This bottle is going to suck that slobber filled water back into the clean water. Dogs will be drinking their own saliva. I’m not buying it.*
@chad017 that's what I thought!
Don’t dogs drink from their own slobber when drinking from a bowl anyway?
@@anguiishmusic that's why we change the water often
Not all dogs slobber. You could just pour out whats left too rather than suck it back in.
@@sakume7969That literally defeats the purpose of the product if you paid attention to their pitch.
Spoilers
Lori getting the win was the best part of this video
This already exists in a better form and have had one for years. The springer is much more clunky I don’t get how they begin to act like this is a new idea
You can tell their siblings just by their noses lol
Lori will blow this product!
Uhhh...that's one way to put it...
You know how many old people have pets? And how many old people watch qvc? She gonna run this one time and they’re gonna have a huge burst in sells, a couple years down the road after they will most likely hit 10 or 15 mil then liquidate the ip.
@@Dump_master69 this is from season 13 so its already a couple of years down the road, lets look it up
@@Dump_master69 exactly!
@@joelch20071 find anything on how much their worth today?
While I don’t agree with Rob on most things, he was spot on here. These entrepreneurs were hiding something and did not want to admit their actual income. They are making way more than $70k
Wow you know Robert closely enough to call him "Rob" huh? 🙄🥴
@@plinsf 😂😂😂😂
Can we get Daymond off the show omg??
I was thinking Lori first!
I like Daymond but in a lot of deals he’s out because he would add no value😂
They need an African on the show so Daymont is staying
He is smart and doesn’t waste his investments on just any company. He is very strategic. Other sharks have lost and failed alot with the companies they invested in.
right? He adds nothing, he’s so miserable in every pitch, never gives valuable advice, just boring
who takes a water bottle for the human and one for the dog. its water for Christ sake, have an attachable foldable bowl that clips onto the bottom of a standard water bottle... Done.
Always pay yourself first to feed your stomach.
Lol
Dumb question. How can you not pay yourself and still live?
4:59 he's been thru something here
6:08 that dog is a whole mood
Sausage sandwich with peppers and some curly fries on the side for today
Sounds good 😋
Scalloped potatoes and Caesar salad.
Yum
Poor dog has to redrink his slobbers. 😂😂😂
In my lifetime I never knew that my name could be a dog's name too until today!
1:11 or just pour it back into bottle and reuse
Seen this on Dragons den some years back.....i wonder you created it first...😮
Left over hamburger helper
How did we know damon was out even before a single word was spoken
Road refresher traveling water bowl for dogs.
A proper dog bowl, non-spill and its only 12 to 15 dollars.
Brother and Sister has the most creepiest faces I've ever seen!
I’m eating chicken with something called pikliz for lunch today
Same
''Wait? Your not subscribed to the shark tank youtube channel? Well, for that reason I'm out.'' got me 😂 😂
My dog is a professional... All he needs is a straw
yakitori and rice for lunch guys
This is absolutely nothing new. I have some close to this that I got a few years ago 😂😂
Barbara was bummed sh wasn’t there so she could say “and for that reason, I’m out”
Lori is just better then this then the rest. Obviously a great patented idea.
They might be missing out on the adventure cats market by not mentioning the mini size could be used for cats, lol. But even if I brought this on a roadtrip, I would still need a separate bowl that could be placed down without needing to squeeze it, so maybe not so good for cats. Dogs go on a lot of walks where the owner can hand "water" the dog repeatedly.
I'm cooking a large chicken tonight.
I have a feeling mark is gonna chew these ppl out. I am gonna miss mark
I agree with Rob they definitely are paying themselves too much
How?
How is 70k a year too much? That's not much.
First of all, they should be on top of their finances and be able to explain where all the money went... No excuse for such a week explanation. Maybe their explanation was edited out on purpose for entertainment purposes. Who knows, but what was shown is weak.
Secondly, I don't understand all these soft individuals thinking it's reasonable to pay oneselves $70k/yr each and pay ones whole family for a business that only makes $100k/yr, AND at the same time value the company at $6.6 million...
Fine to take a nice salary and have the company barely make it by if that's the owner's decision, but don't offer the sharks 6% at $400k. Seems out of touch.
Thirdly for those who say "what do you expect the to do, starve?" They don't look like they are starving! They look like they have all the best in life.
Anyway, product does appear to have huge potential. Smart of Lori to take a try!
burrito x1
booster juice x1
I'm in, and for that out, I'm Barbara. - The reason
(Not my comment but I found it so funny😭)
33s ago is crazy
Dumb meme. Say less
@@Reaper.6.7 2 minutes ago is crazy
@@moxhaed7167 get a life
Tuna salad on sourdough bread, extra mayo and cucumbers because I ran out of chips. What y'all eating for lunch?
I just had a rotisserie chicken sub with jalapeño chips ! 🔥
I’ve already had literally the exact same type of product that I bought off Amazon years ago. Unless this video is many years old and is just a repost, then Im confused why they think this is a groundbreaking product
used yogurt dish...FREE
Here we go again. Enjoy your meal
Sam's Club 4-Meat Pizza for lunch
People who call themselves dog parents make me sick
I’m a proud dog dad
bruh springer is a book publisher
Good job on reverse spoiler
Blitzing the market?!?! It's been out in the market for 5 years😅
Ok, question, who’s actually going outside with their dogs this often to the point where your dog needs water? Lmao like I take my dog on a walk for 30 minutes twice a day 😂 she survives totally fine without water for 30 minutes, I guess some people go to the dog park for 4 hours and their dog needs water??? I’m so confused 😂
I heard Barbara followed them on Instagram just to send them a DM to let them know she was out.
Lmfao this idea has been around for years they did not invent this 😂
I still don’t understand where’s the what, 4-500k?
Jersey mikes number #6 mini with lays
I wouldn’t trust someone who has their dogs leash around their neck instead of getting them a actual harness
IT is most definitely worth $10.95 most definitely
Great product just prolly not the right ppl to run it. Like this is one of those things that could just blow up. The fact that they had the same sales 3 years in a row and then it only doubled in the 4th year is kinda a problem. Idk how they are doing now but if I had to guess if there sales went up alot it's because of shark tank and/or Lori. And she gave them a VERY VERY GOOD deal. She could have asked for way way more.
This is wrong that they shouldn't pay themselves. The sharks also want full devotion and not pay themselves .that's horrible
Good for them!
No mess no fuss no wasting water seen lots of wasted water 😂Lmao
I use one of these bottles for my dog. It is amazing!!!
I knew it he's gonna do 3$
$70k is nothing. I love how they act like they're living high on the hog on that.
Unfortunately after the show the deal was not made but barbara made a call and say "Im Out"
It's a dumb design. It doesn't take a genius to see obvious issues with it.
Where's your design??
Isnt this pro wrestling stuff fake?
Everyone always has a sigh of relief after worthless daymin goes out.
I remember seeing this episode like 3 years ago. We're recycling now?
Any updates?
When is Daymond going to get kicked off. He adds no value
There are already lots of those
Daymond, if you don't have something to offer or at least the nice constructive feedback, just s...up. No need to be sarcastic, arrogant and rude.
Although this is old episode, can the producer considered changing the shark rosters pls? Start with saying I'm out to Daymond John.
mcdonalds mcchicken meal deal
… this invention has been out. 😅
RUclips started showing me Dragons' Den and man is that show garbage
Some people say owners can never and should never pay themselves but that's not always correct . 70k a year is not an absurd payout but they should have put it back in the company .
My dog reacts to the name Doggy Face.
Have one it works though
springly
400k for a squeeze bottle
I thot he was Christiano Ronaldo
Man, Kevin must have a fountain of youth stashed away somewhere because he's 70. He's 4 years older than Mark and has looked the exact same for decades. Meanwhile Mark looks ANCIENT.
His wine company has been secretly developing youth elixirs for years 😂
So one of the issues was wasting water... imagine how much water it takes to create the plastic product hahaha omg
Eopoic😊 0:21
I swear the sharks just sound more and more out of touch
For your ignorance
I'm out
Wait...they are NOT selling a botox product?