Sharks Jealous of 21 Year Old's Unbelievable Monthly Income | Shark Tank AUS
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- Опубликовано: 6 дек 2019
- Briella Brown, founder of 'Your Closet' seeks $80K investment for 20% equity stake - while Briella has shown how to make big bucks with little to no storage space, do the Sharks think she's worth their investment? 🦈💰
Company Website: yourcloset.com.au/
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #YourCloset #MonthlyIncome 
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she: *pitched her business*
shark: *pitched her son*
Yeah she was impressed with and her and knows she’ll be good for her son. Haha
Stonks📈📈📈
Didn't even describe her pitch, smh
Son: Pitched a tent
Vamsi, 🤣 so true
“I’m just like any other 20 year old girl”
- everyone who is not like other 20 year old girls.
„I‘m not like all the other 20 year old girls“
-everyone who is like all the other 20 year old girls
@@ilan9588 "I'm not like everyone who says theyre just like all the other 20 year old girls"
-everyone who says theyre not like everyone who says theyre just like all the other 20 year old girls
Christopher Rule every other girl:
“iM nOt liKe oTheR giRlz”
She definitely way too smart and wise for a 20 yo! 🔥
20 going on 55.... Is soooo Practical ~ I just love it. And omg she is brilliant.
$80k for 20% was already such a steal deal which they leveraged it to 40% the moment they realized she has undervalued her offer in 1st place.
Sharks for a reason lol
80k isn’t a lot for 20%. She could have asked 250k for around 25-30
Big dummy dummy doesnt understand that sharks dont just bring cash to the table? They are stating that their network, experience, and resources are worth that much money. Imo the girl got a steal by being able to work with those two sharks.
This. It was painful to see five adult people tricking a young girl. The deal was already great, and 80k is funny money for an investor.
@@LemuriaGames its not just about the money. It's about the connections and experience. With her age she will learn million dollar lessons from the sharks
why were they surprised that who damages the dresses has to pay for it?? literally every business like that does the same and it's the most logical thing to do
This
It’s because she said “small fee”, if she said you have to buy it at whole price, it would be no further question.
@@akes9793 Pretty sure she meant the original price + a small fee to accommodate for back and forth shipping/insurance.
It sounds easy but it isn't.
There are a LOT of little aspects.
Just the editing probably.
I came looking for actual sharks in a tank and for that reason, I’m out.
Your my new bestie. That comment made me laugh so hard
@@baileyholt925 right I’m like girl shut up 😂
😂😂😂
You can only found them in the sea
Me too I thought they meant the real sharks. And as soon as I didn't see anything sharks I left.
her: *earning 35k a month*
me: *on the couch watching someone earn 35k*
samson lei bruh
The company is getting $35k in revenue-she isn't making $35k a month.
@@mikeb5352 It's more 15k-20k profit.
@@Robert-cu9bm I doubt it. She is buying $1k+ dresses and needs multiples in multiple sizes. Easily $10k or more per style. And styles are constantly changing, so she has to continue buying new stuff every year. And she isn't even paying for a warehouse right now.
Me over here saving money since Christmas and still has 27 dollars
Naomi should try this out, might be able to arrive to the tank in something other than that red dress.
💀
BOOM
SAVAGE😂
Ouch haha
They have to wear the same each episode for editing purposes
I feel bad for the models...they just awkwardly stand there smiling and watching
(edit) thanks for all of the likes 👍
Thats what models do, isn't it? 😆
it shows how professional the models are, don't it.
I tried it while I was home alone and I still can't last 2 minutes.
omg yh they should have been let out lol
Ikr
Did some research into what happened after the shark tank deal. Since then her business has grown by almost 100% and she’s made 8 million in renting dresses.
Colin glad to hear it
The article says she has rented out the retail equivalent of 8 million dollars. That is very different then actually making 8 million dollars.
@@Apeiron2043 she said its 50% profit so $4,000,000
AlexVids I think that means it means it would've been 8 million dollars if she were actually selling the dresses. But since she rents them out for about 18-20% of retail cost it would be about $1440000-$1600000.
thanks for researching that. woah
Shark's Jealous of 21 Year Old's.....
"How old are you?"
"I'm 20"
Lol
Top Videos Now ikr
They wasted a chance to make a better clickbait title video...
Hmmm didn’t consider that this was put up WHEN she turned 21? They have to be accurate for media law, Australia’s weird.
@@chriscrocvlogs you're on yt my friend not channel 9
Liam Bell I’m not Australian so I don’t know what channel 9 is. “My friend”.
Naomi day 1 as an investor:
"I've got our next golden ticket idea - From now on we only rent out RED dresses."
😂😂😂😂😂😂😂😂
All the sharks wear the aame cloths every episode
Are you ppl that stupid? All the sharks are wearing the same outfit every time. It's because of editing reasons. Not that deep
One thing I have noticed, all these young Entrepreneurs or actually all entrepreneurs have a very good relationship with their parents and are obedient. Props to them.
Yes, I spotted that on ST America
probably cuz theyre rich or smtn lol
🙏
Ephesians 6:1-3,. Even if you don’t believe in the Bible, it is a basic principle filled with truth. They are obedient and humble enough to listen to their parent’s advices , not acting like a know it all, then their personal lives are blessed and their businesses are flourishing.
The nuclear family is good
Australian sharks are like dolphins, they are so polite.
They are sharks in disguise though based on the deal she got lol
Have you ever met a horny dolphin???
But can kill a crock with a single blow
Muhahahah 😂😂😂👍
What if yur a guy wanting a dress
They took advantage of the fact that she’s young and naive, 80k for 40% isn’t worth it.
They explained their reasons. She's still going to become wealthy so who cares?
@@vince7735 yeah but at that point would you rather want 1000000$ or 2000000$. Pretty obvious answer.
Haroldas Giedraitis Exactly, most of the deals they slap on these helpless people end up as a flop on the businesses behalf anyway
Vince W You can’t just “get wealthy” from an investment :/
Whoever is going against this is crazy. To have both of those women on board is hitting a massive goal.
This is basically "Rent-a-swag" for women
Omg Parks and Rec
Exactly
Yes I wonder if she got this idea from parks and rec lol
Your marketing skills are on top of the roof mate!
I was just thinking of that and then I saw your comment 😂
This girl is smart for her age. She presented it like at 30 year old woman.
😂😂😂🤣🤣🤣 no she's not
Her mistake is undervaluing her worth and giving away too much equity.
I'm 30 and I couldnt present it like that lmao
I dont think it was that smart, HOW did she not do the math and understand she was MASSIVELY under valuing her company.
Girl: "I'm 20."
Title of video: "21 year old"
She grew up
I think she said a girl in her 20s
ure under lockdown arent u?
Hayden Noyes Nope in the video she explicitly said she’s 20.
@@haydennoyes2073 watch the video again.
“So the small fee is that they have to buy the whole dress?”
“Ye”
*laughs in rich*
Oh man this made my night
This comment wins
Joel Dowlearn Laughs in rich 😆😆😆
😂😂
Jurica Sambol they have to pay for the whole dress if they damage it! the 20% is the rental cost.
The numbers she has are actually incredible! For such a small country like Australia in population size, she is doing well.
She be literally doing 3times better if she was in higher density places like Netherlands or New York/LA/Mumbai.
The US already has a similar biz model that's been around almost 15 years called"Rent the Runway". The company rents out gowns, handbags, shoes and accessories. If you order a size 8 dress, they send you a 6, 8, and 10 just to be sure one will fit.
"she be literally" 😂
5:05 My god that was unnecessarily intense, they all just broke out laughing
If she’s got over 15k profit each month she could’ve gone without such a terrible offer.
It's less about the money and more about the experience and marketing benefits they'll gain
Her profit margin is closer to 19k a month. The other 45% is overhead, meaning all expenses including income tax is included in that 45% of expenses. So the business is cranking out 19k to 20k in profit per month.
@baby bean _ depends on how you try to grow, if she hires 1 person at an Australian minimum wage ($14.14 usd) her expenses on said employee would be roughly $2,300 a month. That Calc is based on a 40 hour work week. If she plays her cards right and doesn't try to grow to fast, that would be no problem for her business.
With their connections and experience they will escape her up 100 to 200% and that 30-40k a month turns into 300k all of the sudden.
Yes.
She took a business model that has been around here the States for years, & created one in her country. Good for her.
Rent the Runway
I was bout to sayyyyy! I was like hmmm I’ve heard this before lol
Christopher Aimi its just like amazon and alibaba
I live In aus been here for years
The episode is really old, we have heaps of businesses like this one in Australia.
After watching the very unpleasant and rude dragons on Dragons Den, it’s refreshing to come back to a group of genuinely likable and supportive sharks here. None of these sharks go in trying to start a fight with or humiliate the entrepreneurs the way the dragons do.
Andrew "you've got a great front end"
**Gets cancelled by twitter culture**
Bonk, goes the "C" hammer.
Lmao
Time stamp?
@@mrrxd5881 9:36
She also has a "huge logistics backend"!! 9:42 😅
she got manipulated. they devalued her company by half with that ridiculous offer! she should have negotiated a buy back clause
They did, didn't they? The equity deal or something
@@Tadamss not the same thing. The buy back clause is when the sharks make their money back they reduce their percentage. The equity just means she can take money out of the business for a wage
They honestly did
J Chambo thats how you do business bitch...
Ah fair enough :)
*Jenny: I'm not even in this version of the show and for that reason i'm out*
😂😂😂😂
🤣🤣🤣
Hex Northman omg 🤣
I found what I have been looking for.... you sirs are a legend
I can't believe this. The girl is so smart, yet so naive at the same time. Only a lunatic would take such an awful deal. She was clearly manipulated into accepting such an awful deal. The company generated insane profits consistently. The company would have literally made more profits in a year than the valuation of the company in the deal she made with the sharks. Even the original deal she proposed was ripping herself off. The sharks saw this and realised she had no idea what she was doing in terms of valuation and absolutely ripped her off. It always hurts when I see this happening. People always talk about illegal scams, but no one ever talks about the more common legal type of scamming where others exploit your lack of knowledge to get you to make a completely unfair deal.
All this equity, percents, investing, financing, etc, hurts my head. I've always wanted my own business, but I just don't understand this stuff.
learn it man all the words you hear are business terms for something simple. equity literally means money from the business owner. If i put 20k equity in my business it means that I've put 20k of my own money into the business as opposed to the businesses money which is money earned by the business. If i take 20k equity from the business it means I have taken money from the profit of the business instead of reinvesting it. Simple!
“Sharks jealous of 21 year old’s unbelievable income”...
She’s 20 and she doesn’t take a salary.
Bro are you a bit slow
@@Mayank-kf2he Business profits are not the same as an income. 20 is not the same as 21. What's unclear to you?
She literally said she’s not taking a wage
mayank singh explain
@@luhole she didnt need a wage
40% is such a ripoff. Really insulting offer imo
Tom De Bruin you’re 100% correct - assuming you’re ignorantly only considering projected revenue as a means of valuing a business. When factoring in the necessary reinvestments to solve the scalability and logistical issues, 40% is very fair.
@@goodkisser8591 that's still not worth almost half of her business, that's insane, she undervalued her company in the first place
@@goodkisser8591 Although I mostly agree with you. They could have also offered her a loan or royalty fee instead of taking ownership of 40% of her company which is in my opinion a big hit considering future growth. Also she undervalued her company in the first place so 80k for 40% seems like very little money for a company with that potential and which had already proven it legitamicy in estimated revenue.
@@goodkisser8591 They capitalized on her lack of experience, she got played like a fiddle
- The "home" business has 82k debt and no business premises
- Has only 3 months proven turnover in what *may* prove to be a seasonal business
- Is run by a 20 year old with no track record.
- The only thing backing her valuation is that it has 200k assets (dresses).
So the offer isn't that bad in my opinion, combining their added value, assumed continued investment and access to capital, along with the experience makes 40% of a larger business - a pretty reasonable offer, albeit slightly pricy. The sharks got another 5-10% because of her inexperience, but everyone's still a winner.
She is 20years old crazy good pitch, build all up alone with own money. I respect you so much, my gosh I’m stunned very inspiring
No one absolutely not a single soul:
Steve: where are you from
No one:
Steve Baxter: Hey where you from?
No one:
Steve Baxter: Hey where you from?
DoubleV3 Why88: "No one:
Steve Baxter: Hey where you from?"
kinetic blues: DoubleV3 Why88 is a parrot. 🐽
Everyone else: So give me some background info on your business
Steve: So, ASL mate?
Andy Patterson
entrepreneur: 12/m/sydney
Steve Baxter: will yr parents be home tonight? I'd like to go over some rising figures with you... well, one figure in particular.
I love it when Steve opens with that. He introduces himself and asks a slightly personal question. That's the way politeness works.
Richard Wielgosz I wish he'd ask if they are virgins or not.... that'd be hi•lar•i•ous.
40%, You are just being greedy now, this girl didn't need you but she wanted someone with experience to help her grow the business, I don't like how this turned out.
They are there to make money for themselves not to make people happy
Look at this business expert here. Hes probably a multi millionaire telling successful people how to invest money. Experience and connections cost money you dolt.
Her company had made over 8million in revenue since
@@matthewsims1561 35k 35k and 36k last 3 months with 55% profit seems like a small investment putting in 80K for 40% ownership , its almost 100% certain with experienced partners those numbers will grow , but like the blonde woman pointed out, she needs to get logistics sorted at this point in her business, so she really needed the money. the deal in the end was better, with all the extra perks
yea.... she's making 35k per month at the time this was aired, and they wanted 40% of that.... I don't think that their experience is worth that because within a couple months she would of made that but it would of just took a bit more time to get the warehouse and everything settles without the sharks. I feel like it was a waste
It feels like because of her age, she was taken advantage of. Her business is much more valuable then she let on and let them value it at.
I’m sure her business has grown, but sheesh, what happened to royalties and loans. That’s 40% forever 😌
it's amazing seeing her get more confident every second through her pitch.
Really felt like she was bullied into making that awful deal
Oliver O'Donoghue it’s business. That’s what it is doing business with partners. And it’s long term not short term.
yeah lol
This video demonstrates a good reason to stay away from investors.
Smh. Sad how people do people. Its all about money.
@baby bean _ You're a moron. You live in a socialist country and know nothing about business. Females generally tend to work for less, so her business may very well be successful.
If she treats her customer base well (which she does), then she has nothing to worry about. Only losers like you fail in business because you lack proper customer service skills.
The constant dramatic music ruins the whole shooting match ...stop the music
The music is what makes it "reality" tv LOL
Stop the madness😂😂😆
Never tire of watching this one it's magic to see young adults who have a great mind on them.
‘I wonder…. My children, surely she can date one of them….’ 😂😂😂😂 I legitimately lol’d
Nobody:
Multi-Millionaire investor: I felt your pain buying expensive dresses
That's why they're a multi-million investor
they didn't get to be a multimillionaire by blowing money on tons of dresses
yep, a dollar spent without return
She’ll be much more successful in the US. Especially in Southern California.
Shawn6466 right but it already exists here with rent the runway so she’d be crushed by competition
@@txbre8758 exactly. We've been using them for years.
Yea probably the population in California is bigger than the population of Australia
why southern california?
@@user-um4pc4nv6h that's where Los Angeles and Beverly Hills are.
Her valuation is undervalued honestly but so happy for her ❤️
the models in the back be like 👁👄👁
Why tf do the producers make her seem like she took five hours for her to admit the “if you break it you buy it” model. Lmaoo they OVERDRAMATIZE it
Randy she answered right away. They just edited it for suspense lol
Yeah, TV man, how else would a haggle be interesting?
Insurance would be more ideal.
Yeah no way she took that long to answer
@@theanachronisticlife8574 I work at a bank and every time I'm discussing a loan with a client, I do a hard sell on an insurance (and ours are pretty cheap). I've done contracts in hundreds and around a dozen insurances.
They should be ashamed of themselves wanting 40% greed is not pretty
Dont take the deal then. You have mixed emotion with business which doesn't work.
Capitalism
Kat Ripp business is greedy and emotion is foolish she was a gold fish thrown into water with sharks she shouldn’t have taken it
It seems they will take over of her business sounds the girl will end out losing her idea... It is more easy to take a load from a bank with low interest to increase business to get to people and get screw her own value..
@M T it is my life experience drag me down with it...
Buying a laundromat for self use and storage of dresses on a rotating hanging rack would be an awesome shop front/facility for this business - 2 story even better with office and fitting rooms with large mirrors like a bridal shop upstairs. You go girl!!
When you make Steve remove his glasses, you know you've hit success and you almost certainly will get a deal 😂
She should have just took out a loan... 40 percent is robbery.
She already took out a loan to start it
Its obviously not just the money she needs...
It depends on how leveraged she already was, the connections and doors that these other ladies can bring, their expertise and industrial clout, which too has an immense intrinsic value when the time comes to bring in a VC and go much larger and much faster.
James Jeon well she just hit $100 million in sales since taking on a shark....
Its about the connections and influence
Such a random amount to request, thats the most annoying aspect. 80k doesn't get you anything at this stage except a new batch of dresses. She should have asked for 200k and up for 30 to 40%
i think she probably did that to pay off the personal loan she took when starting the business?
@@alekseydrotenko3289 or she possibly just wanted the shark's experience. The problem is that almost all investors will never waste their time being hands on with the business unless they have millions at stake. Their time is too valuable and they can do as much smooth talk to make it seem like they'll be there to guide her through like a mentor but usually that's not the case. They prey on young talent to make them money
The publicity that entrepreneurs receive from being on the show can be amazingly profitable. Some don't even go on the show to obtain money from the sharks. They go on the show just to get their products showcased.
@@mohammadzafar7891 with a 20% stake they have the potential to make a mill per year easy. Like she got shafted so hard with that deal, on her own she was on track to make 400k in her first year which would more than recoup the sharks money, every year past that is pure profit for them and pure loss for her unless she buys herself out
@@agentbarron3945 Yeah. The sharks got an easy deal.
It seems like a smart move. She took the men's formal wear model and said "now girls can rent too". I have had to rent about 8 tuxes over the years for weddings and such. I wish the girls had let us buy affordable nice suits that we could reuse instead of renting for the same price and basically throwing that money away.
I'm curious as to how this business is doing, one year later, then five years later & so on. I think she is amazing. She began this in her head two years earlier. WOW what a beginning.
They add music to make the most uninteresting parts intense for no reason
Alexander LegisNonScriptae lmao wtf
The music at 1 minute 36 sounds suspiciously like the music Grian use for hermit craft I guess it’s just royalty free music.
yellow graoe, since 31st October 2020 the UK is single again :-) It's time for Australia to stop drowning their documentaries and shows in retarded condescending melodramatic overly loud music.
Gotta keep people's attention somehow
They do it because that’s when a tv ad plays if you’ve ever watched Australian tv you’ll know
This isn’t the American shark tank and for that reason I’m out
Pops Popsss LMAOOO
LOOL
-Barbara
Its not Dragons Den, for that reason I am out.
Ok than Barbara. LOL
Your closet now has 8 million usd worth of dresses.
Look at that girl.
That's how self confidence looks like .
She needs to rent suits out too. She would make twice the profit if she was inclusive of her brand to men
Guys would destroy the suits
apatheticAnxiety I mean a lot of men own suits though, because its socially acceptable to use the same suits which matches the few dress codes men are given to formal occasions.
Ive rented a suit only once and that was because the correct dress code was a specific suit (which is used by doctorates in Finland, and in some other occasions). Other than that 2 suits and a few accessories can 100% cut it.
The market is so much larger when aimed at women.
@@apatheticAnxiety awesome, then they pay full price for the suit.
A suit is easier to take care of than a dress right
How do you figure that? Guys don't rent suits in the same quantity that women rent dresses. I don't even wear a suit to work and I own two.
Andrew: Well ladies, you’re the experts!
Naomi: *Big smile*
Also Naomi: But I only wear one dress...
Lol
Don't they all wear the same clothes just cause it's easier to mix and match shots from different episodes that way?
Awww Briella is so cute. I felt her excitement & even teared up! You go girl, great job! 🌿🌻🌿
Every other Shark Tank/Dragons Den besides the US is sooooo much more helpful to the budding entrepreneurs! I LOVE it!
That's the whole point/premises of the show!
I love how the models were just standing their awkwardly the whole time ha. Real pros
stretfordender321 They are probably her friends!
Why are they there? She's better off without them.
Probably are “Real Pro’s” 😁
stretfordender321 What else are they supposed to do?
"I'm just like any other 20 year old girl"
The fact that you had to say that in the first place proves you *aren't* a normal 20 yr old girl
How did she get 80 000 loan in the Age of 20.?
"I was invited to four formals, it was driving my dad broke and he didn't even know the full story"
So what did you do??
"I took out an 82,000/- loan and bought formals with it"
I hate that instead of working to change how we judge people for not wearing $1,000 clothes, or working towards lessening the costs of these ridiculous "designer" clothes, someone has to invent an entire business plan to allow people to RENT clothes. Does that not seem absolutely ridiculous to anyone?
I agree with your statement I just would like to add that it is a nice option for some people like me. I do not like dresses and hate owning them but sometimes they are necessary so being able to rent one that looks nice instead of buying it and having it sit in my closet for years.
And the low end rental cost was like $180 - $250!!! 😮
Janine: “surely she can date one of my children”
I rate that
Why not all of her children ? A shark would want to maximize profit potential.
👏🤑
I felt that.
She's got a website with stores and over 1000+ dresses now welldone
Yirrakala
Propeller shaft
and with 8 million in sales
13:34.... THE EVIL, BECKONING EYEBROWS 😂😂🤣💀💀
This idea sounds exactly like Rent the Runway, just for Australia.
When they said no to 30% for $80k, instead of folding and saying yes to 40% for $80k, counter with 40% for $100k.
Kevin Mark - thought the same thing mate
Yes, smart
It's the same bud
The implication they made is that she will need a commercial building, dry cleaning, etc etc and that is going to run $300k+, and they are on board with investing that. So it does make sense. Regardless, 40% is a freaking massive stake in the company. I don't like it.
It's not just her business, SHE is impressive, well spoken, well presented, and intelligent. Great person.
This is impressive. At 20 I was drinking heavily and making barely 1.5k a month... Hats off to her. She has a bright future ahead.
Sis is really tryna get her sons a come up 🤣🤣
“Such an original idea”... sir Rent the Runway has been around and well publicized since 2009 😂 I even remember when it was advertised on Gossip Girl lol
Parks and rec had rent a swag years ago to.
savagedragon79 hahah I was literally thinking that right when she walked in
I wish I could feel for just one second how proud her father is
A child's smile in the slums of Mumbai is as valuable to a father as is a millionaire daughter never forget that
@DrinkwithaMexican 😭🤣😭🤣
DrinkwithaMexican ...
DrinkwithaMexican right then 😂
This girl is amazing. Truly an entrepreneur with a strong mind and business sense. 20 years old. 35, 000 per month. 8 million in sales to date.
She was at that moment making 15k per month profit. Why sell 40% of your company for something you can make in less than half a year? What the hell am I looking at
she should be partnering with a dry cleaner for warehousing and cleaning.
Why partner with them when she could add her own dry cleaning service as well and make money of that. making it be a small profit as well?
Did some research into what happened after the shark tank deal. Since then her business has grown by almost 100% and she’s made 8 million in renting dresses.
@@sylvieserrano7238 holy
@@sylvieserrano7238 I'm cooooooomiing oooooooooooghhhhh
Trying to be smart but really not lol.
Renting clothes for a fraction of the price. Not gonna lie wasn’t that Toms idea from parks and rec
Rent a Swag? Haha
Yeeeeesss! Rent A Swag lol
Treat Yoooself!!!!
Damn you right
I'm pretty sure he even changed the name from Rent-A-Swag to Tommy's Closet, so she even scooped the name.
*TWENTY!!??* I'm embarrassed, meanwhile I'm eating and sleeping during covid lmao
I'm 55 and doing 1/5 of what she is doing!!! 😮🎉
Everyone who is seeing the deal as a bad one doesnt understand that the exchange isnt just monetary. They bring so much more to the table that is worth imo in excess of any 5 figure number or more.
So let me get this straight:
The company has revenue of 35k with a net profit of ~15k PER MONTH (~180k/yr > > $900,000 valuation)
They offered 80k for 40% > > 40% of $900k is $360k
They made her this offer knowing 'they would need to loan/put more money into the business' > > Them getting more equity or earning annuities on the indebtedness of the company to them...
She could have continued to grow this on her own & been a multi-millionaire by 30
Instead, she went to the shark tank & gave away nearly half of her company at a $200k valuation, which is pennies on the dollar as she would have netted an equivalent profit less than 6 months & already had an inventory of dresses valued at $200k.
Feakin' criminal...
I could have used you in my college math classes.
It was a bad deal
Omg thank you i thought i was the only one who realized they cut her company valu3 in half...
if you were in my school i would want to sit next to you in class
But did the deal go through? It seems to have grown slowly the last years.
Her energy is contagious, she IS THE BUSINESS! I believe what ever she is involved with will be successful. I’d love to know where she is now and how much she has progressed.
She has made 8 million now
@@hearthagram Oh wow.... Great.
@@hearthagram crazy
@@hearthagram lol any woman that's attractive and seems polite and charming can sell anything.
@@AshtrayAnnie That's not really the case here though, is it? Most people will never see her face but the storefront. Her passion and drive is what makes her successful.
Oof, I researched her. So apparently due to covid, her sales went from hundreds to “literally nothing” (her words). Seems like she partnered with another label and is now focusing on selling accessories. Wishing her the best, hopefully she can go back to dresses after the pandemic is over. It’s actually better that she can sell both dresses and accessories now, that’s more options for her shoppers.
This is like Rent-A-Swag from Parks and Recreation.
I knew I wasn’t the only one who thought of that😂😂
What a ripoff...they totally took advantage of this girl, because of her age
Welcome to the business world mate. You are either the prey or the predator
age has nothing to with it. just lack of experience and pure naivete.
Richard Harding nah age 100% has something to do with it they wouldn’t have ripped off a 40 year old woman the same way
Rohan Patel from a business standpoint good for them for I mean have a heart mate
@@seagramrtx9346 They would've done a 40 year old worst
40% is nonsense. 80k isn’t worth it. This young woman can get a warehouse and not deal with being ripped off. Considering she made around 100k in 3 months. 40% is a bad deal.
What value you do you put on a supply chain ?
Garbage deal
When Steve said "take the deal" thats when you know it's going to be good as he normally would say if it's a bad deal.
From working out of her parents house to multiple commercial spaces and over 8 million in revenue, i would say the deal is turning out good considering she probably has huge asset value through the dresses themselves too.
Steve: " One of your models qweefed, and for that reason i'm out "
🫨🎉
Mr. Wonderful : I’m out because I’m in and for those reasons I’m out
This is just like a real shark attacking a smaller aquatic animal. They took advantage of her based on her young age and her need for mentorship. I believe she should have sought out a mentor for the business instead of taking a deal.
wondering if she's still earning 35k monthly under covid. :(
@@rafaelsimoes2547 they should keep the borders close tbh. they will be COVID free for a long time tbh
@@rafaelsimoes2547 we have restrictions in place in some states still. Last year almost all schools had numerous of their off campus events cancelled such as formals. Those being one of the main points addressed in her business as sources of her customers would have had an effect in her business. So, the original comment has relevance and yours does not.
Yeah business tanking for sure.
@@rafaelsimoes2547 you’re the rude fuck that chimed in with a wrong answer.
@@rafaelsimoes2547 u obviously haven't seen the news lately lmao Australia free of covid?!! Lol sadly not
The investors love her
I like when She said “I have wonderful sons”
the title was surely misleading
all titles on these videos are clickbait. Our world is a lie. Just another example.
ikr
Yeah shes only 20! its all a lie @ 14:08
@@Steve_Solomon they acknowledge her age far sooner than that...
What was misleading about it
they scammed herrrr, $80k for 40% of a business that makes $35k a month in the starting years
Obviously they did, but then again it isn't just about the money, but also the connection they can provide, as well as the legitimacy of the business as she is also being backed by someone who is invested in her business.
@@quahmingjun7246 i still dont think its worth it. 40% is A LOT
@@quahmingjun7246 bruh sell me ur company 40% when you have one coz i can get u some sweet deals with all my connections even if it means you lose half ur profits
Total SCAM, absolutely disgusting. She was doing fine without those sharks
Dont worry, those sharks are dead when she gets 35 lolol
Tbh I feel like Steve is the most honest one 😂
That's cool to see Kelly Clarkson interviewing the young girl afterwards:)
This isn’t as intense as American shark tank or dragons den .. I’m out
Haider X hahaha and for that reason I’m oooot
Lol
bagcb
And for that reason... I’m out.
😆
The American sharks wouldn’t have cared so much about their money and would have cared more about the business growth and for that reason, I’m out
Jane Hassebroek you would make the best shark tank judge thing magij🤷🏾♀️💀
Nah Kevin would have offered 40% for the 80k and some other sharks would counter offer Kevin, not team up with the other sharks for the same equity. Remember for spongebob scrubby daddy Lori kept countering all the offers Daemon & Kevin were making with higher offers than them.
@@Beetleman20 Yeah no doubt, it's like all these sharks collude to not outbid each other.
In india if we had sharks they would have killed your business 😂
We already have a company like this in America
There is no need for these "shock" headlines - you drop a Shark Tank video, we will watch. Calm down
These sharks are so humble and genuine, more than Dragons from Dragons den