When this entrepreneur got home he checked his Facebook account and he had a friend request from Barbara. He accepted. She sent a message stating “I’m out.”
Stupid, random assumption. Maybe he also just got another partner or learned to do it himself after them not accepting his offer. There is 0 evidence of him doing for "the exposure", which is honestly rather bad press for any product in that show and its ignorant jury. It's ridiculous how obsessed they are with thinking someone wants to abuse their show as a stage.
Why do people write these dumb comments that have nothing to do with the video? And then over 100 people give it a thumbs up? Please get lives... Sunshine, fresh air.
@@TheFoolintherainn Why do people comment on things that bother them? Don't like it? Don't read it. And for that reason, you're out. Side note: I wrote this comment on my patio. Sunshine, fresh air AND making a Barbara comment which 100+ people appreciate!
@@depression_isnt_real he’s the richest shark due to his brilliant foresight in all things business. Explains why he’s maintained his billionaire status for decades. If not then he’d be like the rest of the sharks. And he ain’t greedy like them too 😉
Making a deal did cross his mind.. that's why he made offers to the sharks. He just had his mind set on how much he wanted to give away. Can't hate on the dude for doing whatever he can to grow his business. Any business owner would jump at the chance to be on Shark Tank, and I respect him for sticking to his guns.
He didn’t just want exposure, he offered up a deal to the sharks that was better than the first one he came in with and none of them would do it. Good for him for not getting bullied.
People don't realize going on the show is NOT FREE. My old company EcoBorder Landscape Edging were going to go on there. The owner and myself reviewed the contract and ABC/NBC (Forgot the actual Parent company that owns the show) takes 3-5% of your company to just go on the show, whether you get a deal or NOT!
@@HalferLandPerformance That was the old rule of the show until Mark said he won't be on the show anymore if they keep on taking away the 3-5% equity for just appearing on the show. Thats when it was changed to now being able to appear on the show without giving up any equity. Honestly respect Mark for that
@@poopoogamer1232 did u miss the part of him saying “2 steps ahead” nor can u tell in the show that he’s usually first to poke at a deal or first to back out..?
@@brycevisscher4403 What do you mean he’s usually the first to make an offer? He usually stays quiet. But the reason why people want him so much is because he’s a billionaire and they think that he will make their business the biggest
Every shark on the panel for sure knew he was there for exposure. They’re not idiots. Mark is just filthy rich so he speaks his mind. The other sharks don’t need integrity. They just care about the guy’s sales.
Fun fact about myself in summer school I came up with something that I called a lap pad it was pretty an iPad and did everything that iPad does but back then nobody was interested in my invention when I had to present my invention everyone jus laughed at me in class. I cried threw my project board away🥺 this was in 2004 or 2005? iPad came out in 2012. Wish I kept my project board and knew where to take my idea to! Could of been rich because my invention and idea was way ahead of its time.
Mark is right, because if he really wanted theit involvement, he would have kept going. I would have liked to see the moments after this. Mark's face in his palm says a lot lol
Sam Walton's grandkids have known it for awhile. I would imagine that Sam's been turning in his grave, like the Tasmanian devil, for a few decades by now.
I like how Mark usually calls out scams, because he's usually right. But sometimes he also acts as if it's that time of the month for him. But hey, he's a billionaire.
I mean the dude didn't come in for a deal, he came in to get more exposure. He had 3,000,000+ in the bank, why would he need more money? And like they said, if he wanted to get licenses he could've done that easily with how much money he had.
Wouldn’t it be detoxing instead of dopamine ? It could be said to be dopamine if they gave the amount the investor asked without fighting which would be dopamine since they got an investment and it feels good during the moment
@@Mrslovett007 explain to me how am I mansplaining? How was I condescending or patronizing ? If anything I shared my opinion on how and why it’s detoxing so everyone can see it from a different perspective aka my opinion but go ahead I’m intrigued on your argument
He was there for the exposure, but after Mark called him out and he offered Kevin 5% royalty from the sport lisencing channel, that was slick. But marks face says it all, it's moments like this that make this show so interesting for me.
That's only 100 business making $1000000 within 24 months or less . It's extremely possible maybe some less and some alot more .I think we can do it !!!
I agree that competition is not ideal, but, it happens in all industries in time regardless of barriers. The key is to do it better than your competitors.
People pay over $1000 for a full sleeping bag. I just bought a $1500 pocket sized Facebook machine (a Smartphone) that someone only payed $15 to make and ship to me.
@@KristinA-xv4yk Damn. The poor who can't afford basic necessities are trash. I suppose that's one way to look at people who are financially beneath you in life.
Ouch. This guy got exactly what he was looking for. The sharks figured it out early on. But when it dawned on them that he wasn’t going to take any deal they were too proud to call his bluff. They got played.
I’m sure if they gave him what he asked for from the beginning he would have made a deal with one of them. He knows his business is doing well and doesn’t need to give up all that equity.
@@ChristineSweisi mean... them being there just to promote is okay? Haha they're in business to make money after all, right? Wouldn't being on the show boost sales? Why wouldn't any business owner not try for an opportunity like that
This guy stuck to his guns and that's great. it's nice to see entrepreneurs do that. A lot of the time it's entrepreneurs overvaluing their company so it becomes very annoying as a viewer to see them walk away from a great deal all because they're stubborn.
Even viewers know at that valuation, getting a shark on board for less than 10% or 5%/royalty deal, wasn't going to happen. These replies understand he's got his $3.5 million in the bank ready to fulfill all the orders that come in after his infomercial. The guy's pretty slick, take a second look at what else he's doing. Companies go into the Shark tank because they need help, capital, funding. He's lazy. the only thing he lacked was exposure - and he got it for free, as most of you saw. The money in his bank account is giving him his valuation - his profit margin is terrible. There's nothing proprietary about his product. He is not innovative, unique nor special. that's why he's not touching the cash... It's keeping him solvent on paper. That's his entire value. He's demonstrated that his marketing skills stink. He doesn't have a patent. Once he spends that 3.5 million, he only gets 5% back? There you go... That's his true valuation. $175,000. The more he has, the more he can slime out of other investors. His reputation is not being built on his profit margin or his ability to sell quality blankets.. he's relying on his ability to skank money out of people and put it in the bank.. that's the most valuation of his company. Because his lack of marketing skills only brings back 5%. Hollow fiber fill sleeping bag blankets don't cost a hundred bucks. Bull crap. The zippers, hardware, sewing machines and labor because of them, cost the most on fiberfill sleeping bags. He's greasy.
Every one is saying exposure but need to understand that it was a decent deal which he was negotiating I don't think you have to take whatever deal sharks offer you
Shark tank isn’t there for exposure. It’s a drag race to those investors who truly do need a shark to increase their company size. That mindset is so wrong.
I don't think he was just there for exposure. It's always an ancillary benefit, but he obviously wanted to work with the Tom's guy. People always say "oh it was a great deal, why'd they turn it down?" but giving up 10% of your company is A LOT. Especially since he's obviously already given up a good bit through fundraising rounds
Update... During Shark Tank in 2020, Rumpl Blanket was worth $15 million, and now it can be up to $28 million. According to its valuation, Rumpl Blanket’s net worth is growing very fast. This is the latest information I found on the website of his company.
No. Mark is lieing. This is not HIS SHOW. The show's purpose is to get audience, not DEALS. People love drama, no one fking cares about business. Mark's wealth will not be impacted by these stupid Shark Tank deals. He invests for fun and publicity.
True. But the entrepreneurs audition for the show before they reach the shark tank. A majority of the sharks invested in the show and they could easily not allow people who have a certain amount of cash in the bank to be on the show through due diligence.
Well the company's still in business right now so the must be doing something right. Plus I think he also secured a licensing deal with the NFL so it looks like he's doing pretty well overall.
Kevin literally reminds me of a real life version of monopoly…. I don’t even know a funny way of saying that lol, just the entire embodiment of the game ‘monopoloy’ LOL
I like to see the Sharks' faces to decompose as they see a good deal (for them) vanish. They too often believe that these "poor clueless entrepreneurs" will eat out of their hand and beg them to strike a deal.
8:48 His rubuttle is amazing! This is a great example for small business owners who offer services to stand you ground and be respectful at the same time. Even if you don't get the deal the you don't want that person as you client.
He went in with a $15 million valuation when his only profit is 5% and annually he’s averaging 4 million when you take into account all years in business. He asked for a loan why would they give him any more if that’s all he’s asking. It was a fair deal that valued the company at 6 million. These blankets will go out of style. He doesn’t have a patent and there are 15 other companies with the same product. He was hoping to land Cuban with that “sporting license” excuse that’s why he jumped ship from the beginning..
The most complex episode ever watched since now. So many different offers, in my opinion, the most complex the offer become the less is appealing. Have to rewatch it again to grasp everything.
Mark was right. He was just there for exposure. He could do 10% if he wanted to. That's some shady trick right there. You could literally see the scam on his face.
All you have to to is walk onto shark tank. Even if you dont make a deal there I promise you will start getting calls the day after it airs. He just wanted exposer so he structured a deal he didnt think anyone would take. Everytime he got offered a deal he was actually shocked. Look at his face. He never wanted a shark
That is a freaking sleeping bag ..You just renamed it to portable blanket..Sleeping bag works exactly how he described it.. Stain and water proof and thermal insulated
Come on guys, they are offering him a loan + royalty + pretty significant equity! That’s not fair for him or his business. I’m glad he got the exposure he came for without cutting a deal.
First mark is a genius. He can always tell when someone is there just for the publicity. Second, yes it’s a smart business move as an entrepreneur to get on the show for the exposure. However, the reason it’s upsetting is bc it’s taking a spot from someone else who maybe sold their house, sold all their belongings and could really use a shark. That’s where ethics comes into play on this like they’re wasting air time for exposure that could’ve went to someone who really needed the investment
Ok but cotton is not necessarily better specially in this case, plastic is much lighter and more durable and doesn't absorb water and its doesn't catch fiber. Also you can add many properties to polyester fibers. So for this specific usage, plastic is actually better choice.
Try sleeping in 5 degree weather with a cotton blanket. You will freeze and get sick. Cotton doesnt retain heat, it is for keeping you cool and absorbing your sweat.
People don't realize going on the show is NOT FREE. My old company EcoBorder Landscape Edging were going to go on there. The owner and myself reviewed the contract and ABC/NBC (Forgot the actual Parent company that owns the show) takes 3-5% of your company to just go on the show, whether you get a deal or NOT!
In addition to the ‘stuck in car on ice cold night’ story: ALWAYS have a few TEA LIGHTS in your CAR!!! You can WARM UP a car with just 2(!) of them. So throw a bunch of them (and a lighter!!!) in your car and always have them with you!!!
Should have taken the deal with the two sharks. Grow, make more money and all is happy. They can probably also get his costs down and increase profits.
I find it funny how they always ask about how they came up with this idea and the inspiration behind it, then half way thru the story - so how much is the cost, how much have u sold etc etc
When this entrepreneur got home he checked his Facebook account and he had a friend request from Barbara. He accepted. She sent a message stating “I’m out.”
A for originality
he also got one from jenny campbell from dragons den with im out
LOLLLLLLLLLLLLL
💀
I'm fucking DEAD 🤣🤣🤣
“Did you say royalty? Was I being nasty to you? I take it all back.” 🤣
i laughed pretty hard 😂
Me too😂😂😂😂
Best moment honestly 🤣
He loves his doggone royalties!!! 😂
🤣🤣🤣🤣🤣 Kevin
He figured out the licensing stuff. All kinds of nfl team blankets on the site. He was definitely there for the exposure.
@@M.M435 yeah thats what business is. I admire his play.
@@M.M435 Absolutely. Plus the the shark tank producers made money....they got interesting content for their show.
@@Packer1290 shark tank gets a cut of everyone's business just for coming on the show, deal or not
I mean to be fair, he was pretty set on not losing equity. They wanted 10 and he only wanted to give 4, 6% of 8 million is almost half a million
Stupid, random assumption. Maybe he also just got another partner or learned to do it himself after them not accepting his offer. There is 0 evidence of him doing for "the exposure", which is honestly rather bad press for any product in that show and its ignorant jury. It's ridiculous how obsessed they are with thinking someone wants to abuse their show as a stage.
homeboy just told a story about how he almost dies and Cuban goes "K.. So how many have you sold?" LMAO
It's business not emotional story tank.
😂
This isn't Sharks Got Talent
@@omnientertainment5852 they asked him for his story tho lol
Almost dies cuz he doesnt have cell reception or a car and cant walk a few miles? Lmfao give me a break
Barbara: "This blanket will warm me up and I like being cold blooded and for that reason, I'm out."
She's already out... She's not there 😁
Why do people write these dumb comments that have nothing to do with the video?
And then over 100 people give it a thumbs up?
Please get lives...
Sunshine, fresh air.
@@TheFoolintherainn Why do people comment on things that bother them? Don't like it? Don't read it.
And for that reason, you're out.
Side note: I wrote this comment on my patio. Sunshine, fresh air AND making a Barbara comment which 100+ people appreciate!
These Barbara comments keep getting better by the episode lmao
Not to be that guy, but cold blooded animals actually prefer warmth.
Mark is always two steps ahead of everyone else.
That’s why he’s the richest shark 🦈🤑
@@depression_isnt_real he is a billionaire, he is the richest shark, the other sharks are not billionaires
@@depression_isnt_real he’s the richest shark due to his brilliant foresight in all things business. Explains why he’s maintained his billionaire status for decades. If not then he’d be like the rest of the sharks. And he ain’t greedy like them too 😉
@@depression_isnt_real your statements seem to be more of you’re own opinion than facts so will just let it be 😅
@@depression_isnt_real I mean he’s only a billionaire but yeah not really lmao
“Did I hear royalty? Was I being nasty to you? I take it all back…” I love Mr Wonderful 😂
Idk why so many people hate on Kevin… he is the most entertaining shark on the show
Nobody hates Kevin! He's the reason why this show is so damn succesful whether you want to agree or not!
Because people are snowflakes
no disrespect most of the comments are opinion . But Lori seems to be the nicest shark and she landed the best deal .
Kevin on the show is definitely a W
he's also the best at structuring deals
Making a deal never crossed his mind. He just wanted 5 sharks to say his product was good. Even got a shark to say he had already bought one
yeah good for him. The producers etc. could ask him the same questions and find this out. He does what's best for the business.
@@tobiasobermayr501 so I’m right…
@@jimpryor99 probably.
True
Making a deal did cross his mind.. that's why he made offers to the sharks. He just had his mind set on how much he wanted to give away. Can't hate on the dude for doing whatever he can to grow his business. Any business owner would jump at the chance to be on Shark Tank, and I respect him for sticking to his guns.
He just wanted exposure and played them 🤣! Mark saw through it but the others were too greedy when he said royalties. Get your free exposure, lol.
They could have not air it u know🤔
He didn’t just want exposure, he offered up a deal to the sharks that was better than the first one he came in with and none of them would do it.
Good for him for not getting bullied.
@@ClihtYeastwood i agree, he knew when to walk away and I respect it.
People don't realize going on the show is NOT FREE. My old company EcoBorder Landscape Edging were going to go on there. The owner and myself reviewed the contract and ABC/NBC (Forgot the actual Parent company that owns the show) takes 3-5% of your company to just go on the show, whether you get a deal or NOT!
@@HalferLandPerformance That was the old rule of the show until Mark said he won't be on the show anymore if they keep on taking away the 3-5% equity for just appearing on the show. Thats when it was changed to now being able to appear on the show without giving up any equity. Honestly respect Mark for that
EXPOSUREEEEEEEE. He got some decent deals and he still declined. Mark Cuban nailed it, there for the exposure.
You are right. Daymond made him the exact offer without equity and he turned it down.
I dont agree on this...they can if they want ..not airing this show..had he wanted exposure only
@@amantesfu7984 nah
@walker...what is your take on this...do u know @bout the shark tank effect?
When there are 15 products just like yours, I guess you’ll need to do everything
Kevin's humour is seriously underrated.
I love Kevin
Thats true, I love kevin
I think it’s rated at the proper amount.
Fr😂
5:49 Did you say *Royalty?*
Mark can catch a liar faster than anyone else
it wasnt hard..someone comes in with 4% with 600000 with 3 mill in the account...lol any smart person would have picked that up.
I thought a rule in business is never use your own money.
@@nancyfahey7518 that’s dumb
@@nancyfahey7518 That’s true for debt not equity
After than a got! Dang! 😂
This one shows that Mark is always 2 steps ahead and explains why he’s so sought after
The only reason he’s sought after is because he’s a billionaire
@@poopoogamer1232 did u miss the part of him saying “2 steps ahead” nor can u tell in the show that he’s usually first to poke at a deal or first to back out..?
@@brycevisscher4403 What do you mean he’s usually the first to make an offer? He usually stays quiet. But the reason why people want him so much is because he’s a billionaire and they think that he will make their business the biggest
Every shark on the panel for sure knew he was there for exposure. They’re not idiots. Mark is just filthy rich so he speaks his mind. The other sharks don’t need integrity. They just care about the guy’s sales.
Mark knew that the guy were not on the show for any deal just free pub.
This show gives me so much confidence because people come up with the dumbest shit and it still sells.
Good comment
It’s all about need my guy if you can figure out something that people need no matter how dumb it is there’s a market for it but it’s all about need
Did you guys watched the episode with the restroom timer? 🥴 and it still landed a deal
Fun fact about myself in summer school I came up with something that I called a lap pad it was pretty an iPad and did everything that iPad does but back then nobody was interested in my invention when I had to present my invention everyone jus laughed at me in class. I cried threw my project board away🥺 this was in 2004 or 2005? iPad came out in 2012. Wish I kept my project board and knew where to take my idea to! Could of been rich because my invention and idea was way ahead of its time.
@@jodeedugger7570 you weren’t credible as much as Apple😩 that’s all
Mark was right and if this guy was serious he would have immediately took that original deal Daymond and the other guy offered him on the spot!!
Taken
Yeah it was a very strong deal for him. Take it on the spot
@@JoeyT1 toxic
@@JoeyT1 deez nuts
@@deeznuts5034 mmmmm
Mark is right, because if he really wanted theit involvement, he would have kept going. I would have liked to see the moments after this. Mark's face in his palm says a lot lol
He should've said "I'm sorry guys, I can't do these deals. I'm out" 😂
😂😂😂
Right should’ve ended it with I can’t give up 10% equity and for those reasons I’m out lmao
$45000 in quarterly installments : 1 answer
😂
"and for those reasons, I'm out"
"Cheap stuff don't worry..."
Mark: "That's the best stuff"
He's right!
Sam Walton's grandkids have known it for awhile.
I would imagine that Sam's been turning in his grave, like the Tasmanian devil, for a few decades by now.
Agree w/ Mark.. very humble man..!
Mark saying that in his mansion bru
He's joking, suckup@@julianpaul4551
Guy’s grin just falls off his face when Mark asked him why he’s there… XD
It cracked me up😂
MC is the smartest shark out there. He saw it coming that the guy was just marketing his product and wasn't going to cut a deal. Good on you MC!
No Kevin is
I like how Mark usually calls out scams, because he's usually right. But sometimes he also acts as if it's that time of the month for him. But hey, he's a billionaire.
I mean the dude didn't come in for a deal, he came in to get more exposure. He had 3,000,000+ in the bank, why would he need more money? And like they said, if he wanted to get licenses he could've done that easily with how much money he had.
Mark literally cut his phony "my car broke down" story short. He's been around the block, he can tell the guy isn't being honest
He also doesn't want most of the public to know how he got so filthy rich. Sort of KING of scams if you have enough desire to research it.
@@jaimhaas5170 what do you mean?
@@jaimhaas5170 who?
I love it when Mark Cuban just sits and vibes and laughs his ass off in dollars at the other sharks! Vibes man🤣
I feel great satisfaction when entrepreneurs do not give up much of their company. That's direct dopamine and self-love.
Wouldn’t it be detoxing instead of dopamine ? It could be said to be dopamine if they gave the amount the investor asked without fighting which would be dopamine since they got an investment and it feels good during the moment
@@tuilleri You are right, still, from the viewer´s point of view, it´s very SATISFACTORY
I wish we saw half the time instead of a scant one percent.
@@tuilleri if anyone needs an example of mansplaining, Brando just provided a gem.
@@Mrslovett007 explain to me how am I mansplaining? How was I condescending or patronizing ? If anything I shared my opinion on how and why it’s detoxing so everyone can see it from a different perspective aka my opinion but go ahead I’m intrigued on your argument
He was there for the exposure, but after Mark called him out and he offered Kevin 5% royalty from the sport lisencing channel, that was slick. But marks face says it all, it's moments like this that make this show so interesting for me.
Mark knew he was not gonna take any deals lol he just wanted exposure 😆
Exactly what I was thinking
That's only 100 business making $1000000 within 24 months or less . It's extremely possible maybe some less and some alot more .I think we can do it !!!
I just love it when the guy said "Royalty", Kevin literally leans in with all kinds of interest! Lmao!
I feel great satisfaction when an entrepreneur has their toes on the ground and will fight for their company
I agree...too many are bent over backwards by these filthy rich prics.
He was there for the exposure. Mark Cuban quickly figured that out
@@EarlyBirdCraft 🧠
I have 2 Corporations...
With 6 companies !
@@j.watson1644 make me your retainer
Description say $600 and I'm willing to invest that.
I agree that competition is not ideal, but, it happens in all industries in time regardless of barriers. The key is to do it better than your competitors.
I’m impressed people will actually pay 100 dollars for that half a sleeping bag lol
People spend hundreds on their bedding lol
For real. A sleeping bag is one thing, totally diff context that bedding. Ppl who sleep on polyester sheets are trash, and so are plastic blanket ppl.
People pay over $1000 for a full sleeping bag. I just bought a $1500 pocket sized Facebook machine (a Smartphone) that someone only payed $15 to make and ship to me.
@@TheBeatenPaths you are calling yourself out, lol
@@KristinA-xv4yk Damn. The poor who can't afford basic necessities are trash. I suppose that's one way to look at people who are financially beneath you in life.
Ouch. This guy got exactly what he was looking for. The sharks figured it out early on. But when it dawned on them that he wasn’t going to take any deal they were too proud to call his bluff. They got played.
I’m sure if they gave him what he asked for from the beginning he would have made a deal with one of them. He knows his business is doing well and doesn’t need to give up all that equity.
@@ChristineSweisi mean... them being there just to promote is okay? Haha they're in business to make money after all, right? Wouldn't being on the show boost sales? Why wouldn't any business owner not try for an opportunity like that
This guy stuck to his guns and that's great. it's nice to see entrepreneurs do that. A lot of the time it's entrepreneurs overvaluing their company so it becomes very annoying as a viewer to see them walk away from a great deal all because they're stubborn.
No he came on the show for views.. never planned on making a deal
Yah, I agree with Daniel. I think the guy was just looking for a commercial that was guaranteed to hit a large viewing audience.
Highly unlikely this company will survive..
Even viewers know at that valuation, getting a shark on board for less than 10% or 5%/royalty deal, wasn't going to happen.
These replies understand he's got his $3.5 million in the bank ready to fulfill all the orders that come in after his infomercial.
The guy's pretty slick, take a second look at what else he's doing.
Companies go into the Shark tank because they need help, capital, funding. He's lazy.
the only thing he lacked was exposure - and he got it for free, as most of you saw.
The money in his bank account is giving him his valuation - his profit margin is terrible.
There's nothing proprietary about his product. He is not innovative, unique nor special.
that's why he's not touching the cash... It's keeping him solvent on paper. That's his entire value.
He's demonstrated that his marketing skills stink. He doesn't have a patent.
Once he spends that 3.5 million, he only gets 5% back?
There you go... That's his true valuation. $175,000.
The more he has, the more he can slime out of other investors.
His reputation is not being built on his profit margin or his ability to sell quality blankets.. he's relying on his ability to skank money out of people and put it in the bank.. that's the most valuation of his company.
Because his lack of marketing skills only brings back 5%.
Hollow fiber fill sleeping bag blankets don't cost a hundred bucks.
Bull crap. The zippers, hardware, sewing machines and labor because of them, cost the most on fiberfill sleeping bags.
He's greasy.
I work at REI, And God we have so many of these things. Not that they don't sell, we just keep getting them back in since they do.
They’re garbage.
this guy put up a great act, props to him
He was there for exposure only. Now he can market his product as " as seen on TV/$hark tank"
And that's how you play this game.
@@sydney13ism agreed, unlike all the clowns thinking its unfair or whatever
Getting exposure is an entreupenr move. The guy is a genius, Mark caught it, love or hate it. This guy is business genius
How is this genius? A lot of people come on the show not wanting to make a deal and just want exposure.
Rumpl is like the premium brand of this space, 2nd to Patagonia but for a lot cheaper. I love their collaboration with Snow Peak and own one.
Every one is saying exposure but need to understand that it was a decent deal which he was negotiating
I don't think you have to take whatever deal sharks offer you
He was there for exposure.
Mark instantly sniffed it out. The reason alone was enough
He would have refused any sort of deal, he wanted the exposure.
@@gloomygl how can he refused any sort of deal when he offered his own deal?
@@kosan2875 He gave a valuation that was absolutely nuts
5:46 love how he said: "royalty" to lure kevin in...
I bet Barbara rarely at home when she was young. Because her mother would asked her: Barbara, where are you? And then she replied: I am out .
Bushahhahahhaha
Lmaoooo the first time I’ve heard this one
🤣🤣🤣...thank you! laughed hard on that mate
With 3.5 million in the bank and 6-8 million in sales, (and low margins) I think he was smart to walk. He got some great exposure too...
Shark tank isn’t there for exposure. It’s a drag race to those investors who truly do need a shark to increase their company size. That mindset is so wrong.
@@BL-jz7sg It is for some. For this guy, I think it was too.
Barbara: “I’m not on this episode.. and for that reason ... I’m out”
I watch the Shark Tank videos but enjoy the Barbara comments the best
Those would be her best chance for being in is when not there
I don't think he was just there for exposure. It's always an ancillary benefit, but he obviously wanted to work with the Tom's guy. People always say "oh it was a great deal, why'd they turn it down?" but giving up 10% of your company is A LOT. Especially since he's obviously already given up a good bit through fundraising rounds
His cash flow and profit margin is abysmal. 10% is not too aggressive
Update...
During Shark Tank in 2020, Rumpl Blanket was worth $15 million, and now it can be up to $28 million.
According to its valuation, Rumpl Blanket’s net worth is growing very fast.
This is the latest information I found on the website of his company.
Cap
Ty for the information
So the valuation wasn't far off at all. Glad he walked away. And so what if he was there for exposure. The sharks are there for their own gain too.
BIG mistake when you try to favorite one shark when the other one is interested in you as well. That's why he ended up losing the deal all together.
he wasnt there for a deal anyways, Mark was right, hes just tryna get exposure
Right? Licensing with Marvel, Disney and you go spitting on that?
Such a dum comment
he didnt lose any deal. he's the oen who said hes out
@@ozkan576 but he said he was there for a pertner
He was never after a deal. He just wanted exposure as Mark said. This people piss me of there taking the place of genuine people.
No. Mark is lieing. This is not HIS SHOW. The show's purpose is to get audience, not DEALS. People love drama, no one fking cares about business. Mark's wealth will not be impacted by these stupid Shark Tank deals. He invests for fun and publicity.
True. But the entrepreneurs audition for the show before they reach the shark tank. A majority of the sharks invested in the show and they could easily not allow people who have a certain amount of cash in the bank to be on the show through due diligence.
@@AOSGAMINGNEWS dam but do you own the show
Well the company's still in business right now so the must be doing something right. Plus I think he also secured a licensing deal with the NFL so it looks like he's doing pretty well overall.
Didn't you listen to the facts???????? This company has been doing great since inception. It was NOT in danger of going out of business.
The company was doing fine before sharktank. He didn’t come for the sharks he came in for exposure. Mark called him out from the beginning.
@@Hankxiong Nothing wrong with getting FREE advertising on a primetime show. Respect the hustle.
@@geepeeone it’s wrong for being a liar
@@groundsymphony Do you think all those sharks became rich by always being truthful?
Barbara: I have a friend who LOVES this blanket, but I don’t like tomatoes so I’m out.
Kevin literally reminds me of a real life version of monopoly…. I don’t even know a funny way of saying that lol, just the entire embodiment of the game ‘monopoloy’ LOL
I like to see the Sharks' faces to decompose as they see a good deal (for them) vanish. They too often believe that these "poor clueless entrepreneurs" will eat out of their hand and beg them to strike a deal.
8:48 His rubuttle is amazing! This is a great example for small business owners who offer services to stand you ground and be respectful at the same time. Even if you don't get the deal the you don't want that person as you client.
Rebuttal
they should have shown the conversation after his rejection
Did he end up taking one
@@knipsx no he said He didn't want to make a deal with Mr. Wonderful and Mr Wonderful called him an ass.... Mark laughed 🤣 very loud
Even though he was there for exposure, those were some greedy and terrible offers.
True
There’s a reason it’s called Shark Tank. They’re not there to be friends.
He went in with a $15 million valuation when his only profit is 5% and annually he’s averaging 4 million when you take into account all years in business. He asked for a loan why would they give him any more if that’s all he’s asking. It was a fair deal that valued the company at 6 million. These blankets will go out of style. He doesn’t have a patent and there are 15 other companies with the same product. He was hoping to land Cuban with that “sporting license” excuse that’s why he jumped ship from the beginning..
Mark was right he was just there for the exposure to go on TV people like that they should not even post it or show it on air
If Barbara was there: “I love ur business, your making money, but I gotta walk my dog tomorrow so for that reason I’m out”
You boys need to keep your "Barbara fetishes" to yourselves... seriously.
This is the World wide Web - it's embarrassing.
@@TheFoolintherainn nice 1 🤦♂️ur so cool.
Everyone has Barbara quotes. I m lovin' it!
Kevin loves his royalties LOL. I love this man
I really appreciate his honesty & work ethic. But he should have taken Damon and guest shark's offer . Would been awesome deal for him !! 🤪🤞
Mark knew it at the beginning
The most complex episode ever watched since now.
So many different offers, in my opinion, the most complex the offer become the less is appealing.
Have to rewatch it again to grasp everything.
I love how every invention have a backstory and some are extremely heartbreaking..
Can't never focus on this show, just can't stop thinking about Barbara sitting on my face until I almost asphyxiatie
Mark was right. He was just there for exposure. He could do 10% if he wanted to. That's some shady trick right there. You could literally see the scam on his face.
All you have to to is walk onto shark tank. Even if you dont make a deal there I promise you will start getting calls the day after it airs. He just wanted exposer so he structured a deal he didnt think anyone would take. Everytime he got offered a deal he was actually shocked. Look at his face. He never wanted a shark
That is a freaking sleeping bag ..You just renamed it to portable blanket..Sleeping bag works exactly how he described it.. Stain and water proof and thermal insulated
Everyone who comes to this show should do this. Being there is enough publicity
Kevin has carried this show.
Especially if it was just mark.
I’d be like f’ck this if Kevin wasn’t in it
Well that's not nice
Lori is actually better
@@mariajessabenaziralcantara70 You should never include the word 'actually' in a subjective opinion
The guest CEO (the Tom’s guy) is SUPER charismatic!!! I can see how he is the ultimate salesperson!
Kevin when he hears royalty 🤣
9:28 worst apology ever goes along with worst excuse ever
whoever wrote the description " looking in $600 for 4%!" needs to relook at it again. Cheapest best deal ever !!! 😆🤣😂 im in !
Besides the fact that he was milking for shark tank exposure, I like the way this guy presented himself during the pitch
he could have taken kevin’s deal, bt he was here to market his brand , Mark was right as always
Come on guys, they are offering him a loan + royalty + pretty significant equity! That’s not fair for him or his business. I’m glad he got the exposure he came for without cutting a deal.
4:17 mark's face lol
He asks great questions
I like how they show Kevin face when he say donation
He came here for exposure and he got it!
Good for him tbh
@@hithere2631I'd respect it
If he didn't stutter like a lil bxtch when they called him out
First mark is a genius. He can always tell when someone is there just for the publicity.
Second, yes it’s a smart business move as an entrepreneur to get on the show for the exposure. However, the reason it’s upsetting is bc it’s taking a spot from someone else who maybe sold their house, sold all their belongings and could really use a shark. That’s where ethics comes into play on this like they’re wasting air time for exposure that could’ve went to someone who really needed the investment
One hundred dollars for a recycled plastic blanket?! I recently got a pure cotton blanket for £30.
Ok but cotton is not necessarily better specially in this case, plastic is much lighter and more durable and doesn't absorb water and its doesn't catch fiber. Also you can add many properties to polyester fibers. So for this specific usage, plastic is actually better choice.
@@sarehgolestaneh5393 or you could just get a sleeping bag lol
Try sleeping in 5 degree weather with a cotton blanket. You will freeze and get sick. Cotton doesnt retain heat, it is for keeping you cool and absorbing your sweat.
People don't realize going on the show is NOT FREE. My old company EcoBorder Landscape Edging were going to go on there. The owner and myself reviewed the contract and ABC/NBC (Forgot the actual Parent company that owns the show) takes 3-5% of your company to just go on the show, whether you get a deal or NOT!
I read a while back that Mark Cuban and some of the other sharks complained about those payments. The required payments supposedly were eliminated.
@@walte153 its not. You don't give equity anymore, you still need to pay a lotta cash.
Smart guy. He got the exposure and was not desperate for a deal.
Laurie: Let me tell you what I’m gonna do...
Wylie: Whaddya got Laurie? 😅
Laurie: I’m out. 😊
Me: 😂😂😂😂😂
Lmao the reaction of Mark at the end: UGH! 😑
In addition to the ‘stuck in car on ice cold night’ story:
ALWAYS have a few TEA LIGHTS in your CAR!!!
You can WARM UP a car with just 2(!) of them.
So throw a bunch of them (and a lighter!!!) in your car and always have them with you!!!
barbara: “i don’t use blankets i like being cold” so those reasons i’m out
Dude get backstage and there’s a deputy to serve him. It’s from Barbara…”I’m out.”
He just came for free air time... And he got what he wanted!!!
Such a dramatic ending!
"How do you sleep at night?" Damn I thought he was angry or something.
Should have taken the deal with the two sharks. Grow, make more money and all is happy. They can probably also get his costs down and increase profits.
What amazes me is that they don’t even think it’s overpriced
make one cheaper and not for midgets and I'll buy it
Camping stuff is always bullshit expensive
Royalty is fishing net to capture all sharks 😂
I thought he was selling blankets, not sleeping bags. I thought most sleeping bags already have weather proof and dirt proof.
Lori was like
I'm out. And for that reason I'm out.
Good for you bud . Good for rejecting those greedy shark offers . Your gonna make it big with this without these moochers
Mark saying cheap wine is the best stuff is 🙌
I went and bought me one of those blankets after this video. I love it🥰
So his disgusting plan worked and you're boasting about falling for it, nice
its a waste if miney. its litterly half of a sleeping bag for double the price!
@@AlexandreG whats wrong with getting on a show for publicity lmao 🤡 honestly people need to see the bigger picture
@@hithere2631 I'm sorry, but that's 🤡 you buddy
Talking about seeing the bigger picture when you're totally missing it 💩💩💩
@5:30 mr wonderful is so good!!!!
Entrepreneur: Literally pours wine on the floor
Also entrepreneur: Let's protect the planet and offset our carbon footprints
I find it funny how they always ask about how they came up with this idea and the inspiration behind it, then half way thru the story - so how much is the cost, how much have u sold etc etc
Because it's edited sir lol these pitches are roughly 45mins to almost 1-2hrs. They just cut the pieces down to make the show more entertaining