I wish one of the sharks would have offered a lower amount say $150k for 15% or something and brought their experience to the table. Really help these guys. Ya know like the American shark tank does
Problem with this product is restaurants have to come up with high initial investment while having to maintaining and washing the lids. All that are counterproductive to restaurants. Plus the containers in restaurants are most likely damaged and lids wouldn’t fit tight. Sharks are pretty rude though.
I feel like these sharks don’t realize that the average person would buy like max 3 of these. Kitchens maybe order 15-20. Most aren’t going to reorder. They’ll reuse more than buy more new ones. So out of touch with the average person or small restaurant
With you on this one, actually thinking the sharks were a little out of touch on the use of the average household/restaurant . Its a practical product ,reusable ,with the right investor this could fly.The evaluation and investment would need to be renegotiated ,but I could see this product being a success.
@@davidrynberk4830 exactly my man. I can see so many ppl using this but the sharks acting like their sales declining is an indication of a bad product. It hasn’t even peaked yet and it’ll plateau and go down a little. But the markets it was in at the time makes sense why sales dropped. Stupid execs
@@Bessy21 well as much as these sharks would like us to believe, “I’m just one of you ordinary folks!”, they’re so far off. Out of touch with dare I say, the real world?
Shark tank was created for the purpose to help entrepreneurs like those guys. Apparently the direction of this show now is to shame green business owners who desperately need coaching. Honestly, get rich quick seems like the true motive for those sharks.
@@tylerlau7631 i hear you. but that is literally the purpose of the show. to help struggling entrepreneurs. help them get back and find their path. in shark tank usa i cant tell you how many deals sharks make with them and try to help them by being a mentor and trying to turn things around if the product and idea is good. thesen sharks didnt even make them a counter offer. shark tank australia is such a rip off of original shark tank. these sharks dont give a fuck they just want to get rich and not help others
This is long, but worth reading from an insider's point of view. Nah, his product just wasn't worth the risk. If normal plastic wrap is cheaper and more versatile, there's not much of a demand to purchase this product. Even the business model was bad. He actually made less profit than the distributors he sold to. There's no amount of mentoring that could help salvage a flawed product. It didn't even perform as promised during its demonstration. It's barely tested and still unproven. I can tell you as someone who has worked in restaurants that this product is fundamentally flawed and all its testing was done with perfect, undamaged metal or plastic trays. Its entire design is dependent on that. Restaurants will use slightly dented or slightly damaged trays. The corners of those food trays get the most abuse and it isn't uncommon for those corners to bend (metal) or break (plastic) and these covers do not seem to be able to make them more time efficient nor better than traditional, more flexible and versatile plastic wrap. Even some of its "benefits" or "advantages" like being water tight is useless. No one is going to be shaking or turning these things upside-down in a restaurant environment. $28 for a single lid, or even a number of lids is way higher than plastic wrap which can literally cover everything and anything despite size or shape. A single box of restaurant grade plastic cling wrap at 3,000 feet (914 meters) would be more than half the price of any package of these ridiculously expensive over engineered lids. There's a good reason these things suffered massive losses in their third year and why previous customers didn't reorder. There's also good reason these sharks did not choose to invest. The sharks are business savvy and could see the writing on the wall. Even if they didn't consciously know why, the fact the third year dipped in sales told them enough. Add that to the failed demonstration and you have a product dead on arrival. There is no amount of coaching and mentorship which could save this thing. I think the judgement of the sharks is too harsh and unfounded. Even the American sharks would opt out of this product since it is fundamentally flawed, so the criticism of the Australians is unwarranted. I don't see a reason for sharks to invest their time and knowledge to help this guy since his product and business model is fundamentally flawed, making it a risk too high to take. The designs are too specialized, don't work as promised, and too expensive for the end user when a cheaper alternative already exists, performs well enough and is far more versatile in use. Some of the claims like shorter cooking time, dishwasher proof, etc. are unproven. For context, most of my experience in the restaurant industry was as a refrigeration technician, not as a cook or employee of a restaurant. I've seen the equipment and how used and abused it gets. Being a third party observer it makes it easier for me to both see what this product offers as well as the reality. I may be wrong, working off memory of this video, but I do believe the third year was actually worse than the first year.
@@lescoe heeeey, thats a really good point! Plus he was shaking it like crazy, whereas most people would either be carrying it, or maybe dropping it. I imagine it would hold up well to normal use, the shaking probably causes enough vibration that it starts to loosen the grip.
Well this product is in crazy high demand in America. They have so many orders in America they are on backorder. Sharks in America not just invest, but help make the product a success! These Sharks seem like they just want to write a check and nothing more and expect to make huge profits without doing any work for them!
@Truth n Logic For the most part no they don't. There is probably a couple reasons behind that. 1. It's a TV show and American's love a great American success story. 2. America is the biggest market in the world so why would they invest in a foreign company? They do invest in foreigners who have moved to America to start their business in America or are bringing their product to the American market. Almost all Sharks, if they invest, want to move the manufacturing of the product to China. Those products are probably hurting today lol.
If someone walks in and says "hey, here's this weird thing I made, I want you to put it in contact with your food, it's free" I might have certain questions.
@@TaskSwitcherify What's that got to do with it cold calling is not always seen favourable. Sometimes that can be the step to isolate a customer from your product.
Easy for you to make fun. Why dont you try to build a business, develop a chinese suplier, be self confident enough to go on a national TV Show, tell about your company details and ask for money?
@@edumalafaia11 10 years later well wisdom started a multi billion dollar Chinese supplier with becoming a guest star of a national show from a RUclips comment
This one was the last straw for me!! I’m prematurely ending my shark tank binge. The sharks are were awful. Attacking these guys for not having entrepreneurial mindsets or salesman personalities. Isn’t that the whole reason they help people out??? This was just stupid
Nah, the sharks are here with the priority of earning money. They are not here doing charity. Why would they invest in untrained people where they need to put in so much work, when they can invest with people who already have the business side down and just need a little nudge/some advice.
All this talk of mentoring is BS. It is a great product and they just needed some help and it would easily succeed. Need to re-name the show leech tank. They just want hard numbers they can leech on.
No. The "whole reason" is, this is TV show. Nothing more, nothing less. TV shows aren't charities. It's like moaning that the judges on talent shows don't say yes to everyone.
@@joesr31 Then, why do they constantly explain that they deserve more of a company because of their akullswt and what they're going to do for the biz owner. If the shark isn't going to help mentor, introduce them to stores, etc the biz owner would get a silent angel investor.
Well now it is doing crazy well on Amazon and especially here in the United States! Almost all their products are sold out and it looks like they are going to be doing a deal with Bed Bath and Beyond. The Sharks really dropped the ball here
Not everyone has the dishes that commercial kitchens use to store food in, so they are only specifically extensions for commercial kitchen use. These dishes are standard equipment in all food establishments.
@@I_heart_my_cat-t1q in india, people will buy those containers boxes or anything in d-mart, they can make it simple for normal use and also waterproof 👍
I feel so bad for that guy because he appears to be in a bad place emotionally. I was hopeful that someone would have stepped up and offered them some help. They need someone who is excited and energetic and that is not their strength. They reminded me of myself when I would give book reports in grade school. I was absolutely terrified.
Obese people already struggle so much in life.. These two have a great product and this rejection must have hurt. What a depressin world we live in. This place is hell
Its been 6 years or so since I worked in the restaurant industry but holy moly, any one of our chefs, cooks, or support staff would have jumped at ordering full sets of these for each of our 3 kitchens, and would replace them often enough to keep their business going. They have a fantastic product, a huge market, just no business or sales experience or acumen, and I'm blown away that none of these 5 could see the potential and how to expand this. There are so many restaurant shows and magazines to pitch this at. Restaurants, cafeterias in schools and universities, large workplaces, kitchens in assisted living, bakeries, and more. They should cut out the middlemen, who were probably worried about losing the repeat business of shittons of plastic and foil wrap.
Well when your in front of the top investors who could literally fix everything or can just decide to deny you then yeah it's normal to sweat and be nervous.
These sharks only care about: Investing in a business that is already successful where they don't have to lift a finger and simply make money off of their hard work. This show is supposed to be about helping those who have a dream but are not capable of doing it themselves, is it not?
From business point of view, any successful business man would always buy or invest in a successful business only. Also steve said that the deliverence of the info on the product was awful. But the product is quite amusing. It is a simple product and a very useful one especially for hotels. My guess is, if they had atleast delivered a good speech on the product and its uses then the sharks would have considered investing in it. Also the numbers were climbing so good and then it fell down drastically the next year. Dont know what went wrong there. Anyhow still they had lot of work to do in the market and without the help of sharks it would sell like hot pancakes. To expand globally they could have approached the sharks. They were in the right place on the wrong time!!
This is a great idea and it’s patented! How can these people who call themselves sharks not see what this product accomplishes? Great product and hope they continue on with it. If I owned a restaurant I’d definitely buy them. Saves time, reduces waste, watertight, and locks in heat. This is definitely a 10+ million $ company. If I had the capital I’d definitely invest and focus on how to market it worldwide.
Well now it selling crazy good on Amazon. As a matter of fact I tried ordering one after watching it and they are out of stock on most their sizes because they sold out. What MORON'S!
@@chrisyanover1777 That surprises me since it's a commercial product. I'll have to ask my folks if they've heard of it -- they've been restauranteurs and franchisees for decades
@@B_Bodziak yeah how many reorders do you think hotel pan get? This would never be a product that gets replaced often. Restaurant makes a decent order once, and they'd get replaced rarely if ever.
Music in background is killing me loool!!! Face impressions they make funny as hell. Feels like they went through acting courses lol. Honestly if I didn’t knew this is real offers with real cash I would think it’s just a show.
Another old old episode episode 13 of 15 2015 , the great news is At Gulfood held in Dubai, Flexsil-lid was awarded ‘Best New Catering Equipment’ award and ‘Best New Gulfood Overall Innovation’ award, after being the only product in the history of Gulfood Awards to receive a perfect score from all the Gulfood judges. At Fine Food Events in Australia, Flexsil-lid was a Finalist in ‘Best New Hospitality Equipment Product’ category. Flexsil-lid was also a Finalist in the ‘Food Safety & Innovation in Non Food’ category at Food Challenge Awards, held by Food Magazine Australia.
I don’t understand how this can win awards when restaurants have been using these for a loooong time. Maybe Australia’s things are completely separate from America
Notice no other Shark was willing to invest. But if she is doing a bad job in investing, feel free to use your own money, and invest in these businesses on ST. You can show her, and us, how to make a deal with your millions.
Looked up Flexsil lid on Google. Seems to be selling well across many websites. Lots of 5 star reviews. Of only 10% of buyers leave a review, then 10x amount in sales is pretty good. These guys might have figured it out after this episode aired
As a chef, great product, i had a similar idea of this and its good to see someone actually pull it off. This will definitely be around for a while, price is too high tho
Similar silicone lids are widely available for home use. These guys' target market is specifically restaurants, with a more industrial version of the silicone lid
And How the fuck would you lose so many that you need to reorder a bunch more? What, 20 fell behind a freezer and nobody can reach? 😂 And what is she talking about ‘restaurants are constantly expanding’ 🤦🏻♂️ Most restaurants close after a year. Something like 6% make it past two years. It’s incredibly slim margins and a tough business to succeed in. Replace cling wrap and foil.. seems small, but that’s Huge. That could mean staying in business for some places.
wrap or foil isn’t going to make or break a restaurant. Plus those lid wouldn’t eliminate the wrap just an extra cost. It would cost you almost $300 just to cover the pans for 1 pizza coolers at the end of the night. Plastic wrap is cheap. It’s a floppy lid. Restaurant already have plastic container with lids to store there food that has a water proof seal. The same company that’s makes those 1/6 pans also makes lids you can cover them with so you don’t have to wrap them at the end of the night that’s what I did only cost me about $3 per lid plus not $10. With them being so flopping definitely will easy get thrown away or lost by your employees or stuck inside your dishwasher, swept under some prep table or lost behind some pans.... I do see them being a good fit for food trucks or maybe Caterers because they would be interested in the water proof seal.
11:02 that smile, I know it, I've had it It's the "oh well I've tried! and it failed! not my fault since I tried and now I can stop trying!" They're not fully determined to punch through, for them failing IS an option
What they didn't realize is being in the SHARK TANK shows was the trigger why they suddenly boomed after a year even though they didn't got any deal. It was the perfect marketing strategy for the people to know that this product does exist. After a year, the companies net profit reached a sky rocketing $3mil
Janine saying that restaurants lose or break these is ridiculous. In all my times in commercial kitchens, it would have been ludicrous to be losing these by throwing them in the bin. It's a great product.
This product will sell better in medium income countries that can’t afford waste like Asia, Africa and Mid East region. It stopped selling because it was made expensive by the middle men so they have to find a way to sell directly to restaurants and they have to find a way Fast. Business to Business relationship.
They were honest and humble, that’s actually gone a long way on Dragons Den. The Aussie sharks just didn’t give a dam enough to actually want to help them or have the connections themselves to be able to open doors. On dragons den it prob would have got an offer from their humility
11:18, "give 20% of your business to, a young person who can it it and run with it",.. yeah,.. great advice. I don't think I've ever heard something that stupid before.
Y’all go to the company’s website and watch the commercial they made after this!!! It’s so cute and they did a great job. Took Steve’s advice of really showing off the wonders of the product!!
Great product and the guys clearly needed help. There is no shame in not having the right tools for the job, in this case a killer sales instinct and the ability to take the product to market without getting fleeced by third party sales agents. I feel two sharks could have made a difference by buying 100% of the company and paying the guys a royalty on each piece sold. Andrew and Janine at 50% each for a combined $200,000 (AUD) for the equity and $100,000 (AUD) advance payment on royalties.
People don't sweat that much from anxiety alone. They're blasting these people with heat lamps so they look like they're melting in front of the investors.
I would pay this guy to lecture me about his product so that I can sleep better at night. I have likely never heard such a calm, soothing, yet confident voice.
@@_.WildMoonChild the comment was saying that they made it on amazon and that they are doing well. And if you google them you will find that they made it really good. So what are you talking about? It is an accomplishment that they made it. Not that they started selling on Amazon.
Man, honestly felt bad for these guys and hoped someone would offer less just for the sake of helping them. It’s a great product. Wish these guys the best of luck!
I really liked the honesty of these guys, the judges have to treat them well, You guys could help them out in the marketing and this product could have sold well.
The reason I think commercial kitchens use cling wrap is to mark the use by dates and stuff..may be that’s the reason this product wasn’t a success. Guess, it doesn't provide the convenience of writing on it!?
Also the price as well.. $28 for one of those large lids. It's too expensive - I can buy a 600 metre roll for $25. I can write on clingfilm, I can label it with tape for dates and don't have to worry about residue. It doesn't need to be washed so there's no labor cost, no water cost. I don't see those lids as lasting long term, and in a large scale environment the cost is just too much. Not to mention storage space for when they're not in use.
@[Removed] Because a lot of shitty chefs exists that will give horrible advices. I belong to the top 3 of the country, so I think my advice is pretty valuable
@@TheAazah no I don't work in a restaurant or catering service. But I have friends who do and I used to work in a hotel kitchen years ago. These would absolutely have been a time/money/food and waist saver.
According to Linkedin, the company has 30 employees with a growth rate on the employee count of 52% in the last 12 months. Sites like Owler estimate its revenue to be $3.4 million annually.
I would like to know how they came up with this product. For some reason I am a bid suspicious that a chef would design such product made of special plastic and design.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
I actually feel sorry for these guys. They're clueless and honest about it. I thought the sharks would appreciate the integrity and vision.
I wish one of the sharks would have offered a lower amount say $150k for 15% or something and brought their experience to the table. Really help these guys. Ya know like the American shark tank does
@@chikntendie Except the US sharks are known for backing out of deals off camera.
I felt the same way about this
Problem with this product is restaurants have to come up with high initial investment while having to maintaining and washing the lids. All that are counterproductive to restaurants. Plus the containers in restaurants are most likely damaged and lids wouldn’t fit tight. Sharks are pretty rude though.
Sharks were nasty. Go to hell sharks.
In shark Tank USA someone would have offered to buy the whole business, to acquire the patent.
Tihami Tahmid absolutely. These sharks are more like minnows
Lori would sell it on QVC and make millions
@@hellohello9400 yep always thought it should be called mino tank
Those aussie sharks are like some small fishes...
Far more imaginative than this.
Someone definitely bought a Lambo in year 3, most likely the same colour as those ties
SiLo Mixing and Mastering spot on
Agreed
Lol right!!
lol
Lol
Legend has it Steve is still shaking the box
Just got off the phone with Steve. Can confirm still heard shaking in the background.
Legend has it Albert is still sweating balls
Legend has it that it really WAS everyone else’s fault
It's still not Steveproof, is it?
God I feel so bad for that guy. He seems really genuine and nice.
It’s business, not personal
The orchestra needs to take a break, for sure.
It’s so annoying
ahahaha 👍
Lower volume or Im out😌
This made me laugh too hard
Orchestra...lol! That's a dude with a laptop 🤣🤣
I'm Barbara, I'm not even on this show... and for that reason, I'm out.
LMAO IM DEAD 💀 😂
Lollol
LMFAO
🤣🤣🤣
I felt so bad for these blokes sweating all overthe place
They should have worn a bandana matching their ties
10:02 Once he started wiping himself down with the towel I was in stitches
@@lucamontanaro4464 he needed it much sooner
Well they are morbidly obese so...
@@socommaster .
I feel like these sharks don’t realize that the average person would buy like max 3 of these. Kitchens maybe order 15-20. Most aren’t going to reorder. They’ll reuse more than buy more new ones. So out of touch with the average person or small restaurant
With you on this one, actually thinking the sharks were a little out of touch on the use of the average household/restaurant . Its a practical product ,reusable ,with the right investor this could fly.The evaluation and investment would need to be renegotiated ,but I could see this product being a success.
@@davidrynberk4830 exactly my man. I can see so many ppl using this but the sharks acting like their sales declining is an indication of a bad product. It hasn’t even peaked yet and it’ll plateau and go down a little. But the markets it was in at the time makes sense why sales dropped. Stupid execs
@@Bessy21 well as much as these sharks would like us to believe, “I’m just one of you ordinary folks!”, they’re so far off. Out of touch with dare I say, the real world?
i think the sharks knew that it wasnt gonna make alot of money simply cuz it was made soo well it wouldnt be replaced often if ever
@@theerepenterakatheecomfort277 No. I figure their so wealth they treat containers as disposable plates. @5:20
Shark tank was created for the purpose to help entrepreneurs like those guys. Apparently the direction of this show now is to shame green business owners who desperately need coaching. Honestly, get rich quick seems like the true motive for those sharks.
exactly.
Too big of a risk to invest on the unexperienced
@@tylerlau7631 i hear you. but that is literally the purpose of the show. to help struggling entrepreneurs. help them get back and find their path. in shark tank usa i cant tell you how many deals sharks make with them and try to help them by being a mentor and trying to turn things around if the product and idea is good. thesen sharks didnt even make them a counter offer.
shark tank australia is such a rip off of original shark tank. these sharks dont give a fuck they just want to get rich and not help others
Agree , these guys do have a decent product, maybe they made mistakes but who hasn't.
This is long, but worth reading from an insider's point of view. Nah, his product just wasn't worth the risk. If normal plastic wrap is cheaper and more versatile, there's not much of a demand to purchase this product. Even the business model was bad. He actually made less profit than the distributors he sold to. There's no amount of mentoring that could help salvage a flawed product. It didn't even perform as promised during its demonstration. It's barely tested and still unproven. I can tell you as someone who has worked in restaurants that this product is fundamentally flawed and all its testing was done with perfect, undamaged metal or plastic trays. Its entire design is dependent on that. Restaurants will use slightly dented or slightly damaged trays. The corners of those food trays get the most abuse and it isn't uncommon for those corners to bend (metal) or break (plastic) and these covers do not seem to be able to make them more time efficient nor better than traditional, more flexible and versatile plastic wrap. Even some of its "benefits" or "advantages" like being water tight is useless. No one is going to be shaking or turning these things upside-down in a restaurant environment. $28 for a single lid, or even a number of lids is way higher than plastic wrap which can literally cover everything and anything despite size or shape. A single box of restaurant grade plastic cling wrap at 3,000 feet (914 meters) would be more than half the price of any package of these ridiculously expensive over engineered lids. There's a good reason these things suffered massive losses in their third year and why previous customers didn't reorder. There's also good reason these sharks did not choose to invest. The sharks are business savvy and could see the writing on the wall. Even if they didn't consciously know why, the fact the third year dipped in sales told them enough. Add that to the failed demonstration and you have a product dead on arrival. There is no amount of coaching and mentorship which could save this thing. I think the judgement of the sharks is too harsh and unfounded. Even the American sharks would opt out of this product since it is fundamentally flawed, so the criticism of the Australians is unwarranted. I don't see a reason for sharks to invest their time and knowledge to help this guy since his product and business model is fundamentally flawed, making it a risk too high to take. The designs are too specialized, don't work as promised, and too expensive for the end user when a cheaper alternative already exists, performs well enough and is far more versatile in use. Some of the claims like shorter cooking time, dishwasher proof, etc. are unproven.
For context, most of my experience in the restaurant industry was as a refrigeration technician, not as a cook or employee of a restaurant. I've seen the equipment and how used and abused it gets. Being a third party observer it makes it easier for me to both see what this product offers as well as the reality. I may be wrong, working off memory of this video, but I do believe the third year was actually worse than the first year.
Water proof.
Steve: going to end this man career.
😂😂😂
They never claimed it's spill proof. Water does not damage the lid, therefore it is indeed waterproof.
@@lescoe heeeey, thats a really good point! Plus he was shaking it like crazy, whereas most people would either be carrying it, or maybe dropping it.
I imagine it would hold up well to normal use, the shaking probably causes enough vibration that it starts to loosen the grip.
They called it water tight Steve being a good lad and said good things about this product.
If he did this with the sharks in America they would all buy it
Well this product is in crazy high demand in America. They have so many orders in America they are on backorder. Sharks in America not just invest, but help make the product a success! These Sharks seem like they just want to write a check and nothing more and expect to make huge profits without doing any work for them!
@Truth n Logic For the most part no they don't. There is probably a couple reasons behind that. 1. It's a TV show and American's love a great American success story. 2. America is the biggest market in the world so why would they invest in a foreign company? They do invest in foreigners who have moved to America to start their business in America or are bringing their product to the American market. Almost all Sharks, if they invest, want to move the manufacturing of the product to China. Those products are probably hurting today lol.
Why don't they go to each and every restaurant and give one away for free, then come back next week and take orders
give this man a job
If someone walks in and says "hey, here's this weird thing I made, I want you to put it in contact with your food, it's free" I might have certain questions.
@@CruelestChris If that's your approach, you might want to hire an experienced salesman :)
@@TaskSwitcherify
What's that got to do with it cold calling is not always seen favourable.
Sometimes that can be the step to isolate a customer from your product.
@@CruelestChris It's called "wash it" Genius.
Guy seemed like he was at his parole hearing! 🥵
Looooool
Hahahahahaaaaaa!
Stage lighting
Dude he's just old no need to be mean about it.
Right product. Unique product that could serve a good purpose in the industry. However, wrong people selling it.
Well they dropped the ball because I went to buy it on Amazon and almost all their products are sold out
And wrong investors to ask, just to add to your comment.
@@Bat8hitcrazy exactly! But these Sharks were completely blind about this product and now it is blowing up. There is a waiting list to buy
The entrepreneurs lose close to 17% body weight in sweat.
I'm literally dying
Easy for you to make fun. Why dont you try to build a business, develop a chinese suplier, be self confident enough to go on a national TV Show, tell about your company details and ask for money?
@@edumalafaia11 theres always that one person
@@edumalafaia11 10 years later well wisdom started a multi billion dollar Chinese supplier with becoming a guest star of a national show from a RUclips comment
This one was the last straw for me!! I’m prematurely ending my shark tank binge. The sharks are were awful. Attacking these guys for not having entrepreneurial mindsets or salesman personalities. Isn’t that the whole reason they help people out??? This was just stupid
Nah, the sharks are here with the priority of earning money. They are not here doing charity. Why would they invest in untrained people where they need to put in so much work, when they can invest with people who already have the business side down and just need a little nudge/some advice.
I know they have tons of projects, but honestly this could go way better if one of them mentored them and helped the business go
All this talk of mentoring is BS. It is a great product and they just needed some help and it would easily succeed. Need to re-name the show leech tank.
They just want hard numbers they can leech on.
No. The "whole reason" is, this is TV show. Nothing more, nothing less. TV shows aren't charities. It's like moaning that the judges on talent shows don't say yes to everyone.
@@joesr31 Then, why do they constantly explain that they deserve more of a company because of their akullswt and what they're going to do for the biz owner. If the shark isn't going to help mentor, introduce them to stores, etc the biz owner would get a silent angel investor.
This is probably the best product i’ve seen in all shark tanks from Australia, can’t believe no one backed them on it
Well now it is doing crazy well on Amazon and especially here in the United States! Almost all their products are sold out and it looks like they are going to be doing a deal with Bed Bath and Beyond. The Sharks really dropped the ball here
@@chrisyanover1777 Liar
Poor guy even brought his own towel he knew it was going to be a tough one
I think the producers offered him that mate
Very important discussion
I like how they use Steve in most of their thumbnails
Because he’s Steve
whereabouts from mate?
I click on videos more with his face there tbh. I find him the most interesting one of the investors lol
Why don't they sell at wallmart, Costco, Amazon etc in US and Australia etc
Its hard to get into those places
@@kkay7032 It's not that hard to get a meeting tho and these guys aint bothered with trying.
@@nick777forde Not in Sydney Australia.. There is a Sydney in Canada and they do have 3 stores
Not everyone has the dishes that commercial kitchens use to store food in, so they are only specifically extensions for commercial kitchen use. These dishes are standard equipment in all food establishments.
@@I_heart_my_cat-t1q in india, people will buy those containers boxes or anything in d-mart, they can make it simple for normal use and also waterproof 👍
If they could stop doing massive close-ups of his sweaty head that would help.
Is it me or do those guys need the mics turned up or to stop whispering...
Agreed 😂🤦🏽♂️ but I think that goes back to what steve says of how terrible that presentation was. 0 enthusiasm 🤦🏽♂️
@@leeshanpillay1253 yep presentation was absolutely horrible
Has nothing to do with mics, the person editing the vid messed up and mixed the volumes off.
Steve's sales pitch to them was better than their whole presentation
I feel so bad for that guy because he appears to be in a bad place emotionally. I was hopeful that someone would have stepped up and offered them some help. They need someone who is excited and energetic and that is not their strength. They reminded me of myself when I would give book reports in grade school. I was absolutely terrified.
Obese people already struggle so much in life.. These two have a great product and this rejection must have hurt.
What a depressin world we live in. This place is hell
What's the name of the product. I feel sorry for these guys.
The cameraman was rlly having WAY too much fun zooming in on the guy sweating
Its been 6 years or so since I worked in the restaurant industry but holy moly, any one of our chefs, cooks, or support staff would have jumped at ordering full sets of these for each of our 3 kitchens, and would replace them often enough to keep their business going.
They have a fantastic product, a huge market, just no business or sales experience or acumen, and I'm blown away that none of these 5 could see the potential and how to expand this. There are so many restaurant shows and magazines to pitch this at. Restaurants, cafeterias in schools and universities, large workplaces, kitchens in assisted living, bakeries, and more. They should cut out the middlemen, who were probably worried about losing the repeat business of shittons of plastic and foil wrap.
Can't imagine this guy working in a kitchen when he sweats like that
The food would always come out too salty
sick of seeing sweaty entrepreneurs on shark tank / dragons den
Well when your in front of the top investors who could literally fix everything or can just decide to deny you then yeah it's normal to sweat and be nervous.
@@1ma4ighter lolll
haha was thinking the same @@1ma4ighter
These sharks only care about:
Investing in a business that is already successful where they don't have to lift a finger and simply make money off of their hard work.
This show is supposed to be about helping those who have a dream but are not capable of doing it themselves, is it not?
I totally agree
The guy was sweating and tearing up yo
Bingo. They say they will bring things to the table and help but that's BS. They should call it Leech tank not shark tank.
From business point of view, any successful business man would always buy or invest in a successful business only. Also steve said that the deliverence of the info on the product was awful. But the product is quite amusing. It is a simple product and a very useful one especially for hotels. My guess is, if they had atleast delivered a good speech on the product and its uses then the sharks would have considered investing in it. Also the numbers were climbing so good and then it fell down drastically the next year. Dont know what went wrong there.
Anyhow still they had lot of work to do in the market and without the help of sharks it would sell like hot pancakes. To expand globally they could have approached the sharks.
They were in the right place on the wrong time!!
That's is the definition of a Investor bro...
Make a home range, plates, cereal bowls, bowls, sell them online, sell them through amazon. I would love to have these lids at home.
Problem is there is such a wide variety of sizes for bowls and plates at home. Kitchens have standard sizes.
I bought the similar product on Alibaba for less than 5 dollar. With 5 different sizes...
I'm about to
It's basically another sell it on Amazon product, no SHARK REQUIRED.
Never sell on Amazon marketplace. They take around 40% of your sale, plus they charge you storage fees and subscription fees.
@@imnotcrazyforeal2706 I’m an Amazon seller and that’s accurate
People buying on amazon don't seem to be their target market. Restaurant owners are far more likely to purchase from a dedicated supplier.
@@imnotcrazyforeal2706 his distributor is already taking it so nothing to lose.
This is a great idea and it’s patented! How can these people who call themselves sharks not see what this product accomplishes? Great product and hope they continue on with it. If I owned a restaurant I’d definitely buy them. Saves time, reduces waste, watertight, and locks in heat. This is definitely a 10+ million $ company. If I had the capital I’d definitely invest and focus on how to market it worldwide.
Right, but no one has reordered. So, it seems customers may not like the lids.
Well now it selling crazy good on Amazon. As a matter of fact I tried ordering one after watching it and they are out of stock on most their sizes because they sold out. What MORON'S!
@@B_Bodziak it's been almost sold out on Amazon now. They honestly dropped the ball here as it's selling like crazy here in the United States!
@@chrisyanover1777 That surprises me since it's a commercial product. I'll have to ask my folks if they've heard of it -- they've been restauranteurs and franchisees for decades
@@B_Bodziak yeah how many reorders do you think hotel pan get? This would never be a product that gets replaced often. Restaurant makes a decent order once, and they'd get replaced rarely if ever.
Music in background is killing me loool!!! Face impressions they make funny as hell. Feels like they went through acting courses lol. Honestly if I didn’t knew this is real offers with real cash I would think it’s just a show.
Another old old episode episode 13 of 15 2015 , the great news is
At Gulfood held in Dubai, Flexsil-lid was awarded ‘Best New Catering Equipment’ award and ‘Best New Gulfood Overall Innovation’ award, after being the only product in the history of Gulfood Awards to receive a perfect score from all the Gulfood judges.
At Fine Food Events in Australia, Flexsil-lid was a Finalist in ‘Best New Hospitality Equipment Product’ category.
Flexsil-lid was also a Finalist in the ‘Food Safety & Innovation in Non Food’ category at Food Challenge Awards, held by Food Magazine Australia.
thanks for sharing! Was scrolling to find there success story!
I don’t understand how this can win awards when restaurants have been using these for a loooong time. Maybe Australia’s things are completely separate from America
This dude's fight with his sweat glands made a good sub plot to follow throughout the video.
I am keep trying to wipe the sweat off the monitor
Let’s be honest we knew Naomi was out before it even started, there was no point in her even being on the show
Notice no other Shark was willing to invest.
But if she is doing a bad job in investing, feel free to use your own money, and invest in these businesses on ST. You can show her, and us, how to make a deal with your millions.
They seemed like nice dudes! Nice presentation, considering that sweaty guy looked REALLY nervous!
Looked up Flexsil lid on Google. Seems to be selling well across many websites. Lots of 5 star reviews. Of only 10% of buyers leave a review, then 10x amount in sales is pretty good. These guys might have figured it out after this episode aired
Probably 2 of the nicest guys youll meet they had a vision the sharks dont need to tear them down
He's sweating like a nun in a cucumber farm
😂😂😂
Or a priest in a children’s orphanage 😭
Omg 😳 yoooooo!!!! That's some funny shit
I dont understand. What is that nun in cucumber farm?
LMAO
As a chef, great product, i had a similar idea of this and its good to see someone actually pull it off. This will definitely be around for a while, price is too high tho
Poor guy is dripping sweat everywhere. They probably had to mop after.
😭😭😭
Should have used a waterproof lid on the head
Jorge C lmao
Lol!! 😂
@@Jecotul 😅😂🤣
Similar silicone lids are widely available for home use. These guys' target market is specifically restaurants, with a more industrial version of the silicone lid
Sorry I'm a chef I wouldn't throw this away...
And How the fuck would you lose so many that you need to reorder a bunch more? What, 20 fell behind a freezer and nobody can reach? 😂
And what is she talking about ‘restaurants are constantly expanding’ 🤦🏻♂️
Most restaurants close after a year. Something like 6% make it past two years.
It’s incredibly slim margins and a tough business to succeed in. Replace cling wrap and foil.. seems small, but that’s Huge. That could mean staying in business for some places.
I’m a chef also but I’ve had kps throw out containers just so they didn’t have to wash them
wrap or foil isn’t going to make or break a restaurant. Plus those lid wouldn’t eliminate the wrap just an extra cost. It would cost you almost $300 just to cover the pans for 1 pizza coolers at the end of the night. Plastic wrap is cheap. It’s a floppy lid. Restaurant already have plastic container with lids to store there food that has a water proof seal. The same company that’s makes those 1/6 pans also makes lids you can cover them with so you don’t have to wrap them at the end of the night that’s what I did only cost me about $3 per lid plus not $10. With them being so flopping definitely will easy get thrown away or lost by your employees or stuck inside your dishwasher, swept under some prep table or lost behind some pans....
I do see them being a good fit for food trucks or maybe Caterers because they would be interested in the water proof seal.
@@aranmccann6612 yep that is true.
11:02 that smile, I know it, I've had it
It's the "oh well I've tried! and it failed! not my fault since I tried and now I can stop trying!"
They're not fully determined to punch through, for them failing IS an option
Lori Greiner would've offered to buy the entire business
Definitely this is right up here alley
And clean it with her scrub daddy
What they didn't realize is being in the SHARK TANK shows was the trigger why they suddenly boomed after a year even though they didn't got any deal. It was the perfect marketing strategy for the people to know that this product does exist. After a year, the companies net profit reached a sky rocketing $3mil
Man I kept thinking "get that man a towel"
my man brought a towel to the show why he so sweaty
Janine saying that restaurants lose or break these is ridiculous. In all my times in commercial kitchens, it would have been ludicrous to be losing these by throwing them in the bin.
It's a great product.
I'd say my main issue with them is how floppy they are for dishwashing and storage. Otherwise great though
I like how Albert David talks. He should be a late night radio show host.
This product will sell better in medium income countries that can’t afford waste like Asia, Africa and Mid East region.
It stopped selling because it was made expensive by the middle men so they have to find a way to sell directly to restaurants and they have to find a way Fast.
Business to Business relationship.
What weren’t they telling us? Seriously weird answers like”I don’t know why we’re losing money” lol. Did they think they had a chance?
They were honest and humble, that’s actually gone a long way on Dragons Den. The Aussie sharks just didn’t give a dam enough to actually want to help them or have the connections themselves to be able to open doors.
On dragons den it prob would have got an offer from their humility
11:18, "give 20% of your business to, a young person who can it it and run with it",.. yeah,.. great advice. I don't think I've ever heard something that stupid before.
Everyone: I LIKE SHOW
Me: Thumbnail looks like Steve is about to bust one while wiping the sweat off the presenters head.
Ryan Howell 😂 haha
really felt sorry for the guy he looked scared when he was saying i Dunno
Y’all go to the company’s website and watch the commercial they made after this!!! It’s so cute and they did a great job. Took Steve’s advice of really showing off the wonders of the product!!
Great product and the guys clearly needed help. There is no shame in not having the right tools for the job, in this case a killer sales instinct and the ability to take the product to market without getting fleeced by third party sales agents. I feel two sharks could have made a difference by buying 100% of the company and paying the guys a royalty on each piece sold. Andrew and Janine at 50% each for a combined $200,000 (AUD) for the equity and $100,000 (AUD) advance payment on royalties.
People don't sweat that much from anxiety alone. They're blasting these people with heat lamps so they look like they're melting in front of the investors.
My color is a bit rich, for that reason I'm stout
p
I would pay this guy to lecture me about his product so that I can sleep better at night.
I have likely never heard such a calm, soothing, yet confident voice.
These dudes really took they time walking in 😭
Australian dolphin tank would be a suitable nameee
Feel sorry for him. Seems a decent guy. Just down on his luck in need of a hug. Hope he's alright🤗
Is on amazon, have office in Detroit. Have distributors in the states!
I searched for "Sweating Bullets" and RUclips brought up this video 😰😰😰😓😓😓
best idea ive seen in any of these type of programs ever
Jokes on the sharks because I can get these in the states, and not cheap might I add. These guys made it
The guy was sweating like he was in a sauna 🔥
I've never seen a pitcher sweat this hard.
Barry on dragons den pitching his ‘good old fashioned pyramid marketing scheme’ was sweating buckets compared to this
You didn't make me skip the lady doing the recap. Thank you!
Janine would have done if she got 45% but she couldn't take advantage of this business. Next one!
Lol agreed! I also hate the condescending way she speaks to people.
The guy doing the pitch has a really calming voice
That’s when you are broken
Hey they made it on amazon so I’d think they’re doing well
Anyone can sell on Amazon though lol
@@_.WildMoonChild yes and many get filthy rich
@@twodogsandaperson For sure, I'm just saying it's not a bug accomplishment since everyone can so it. Lol
@@_.WildMoonChild the comment was saying that they made it on amazon and that they are doing well. And if you google them you will find that they made it really good. So what are you talking about? It is an accomplishment that they made it. Not that they started selling on Amazon.
@@twodogsandaperson I was commenting under OPs comment. Regarding Amazon. Nothing else. 🤷🏼♀️
Man, honestly felt bad for these guys and hoped someone would offer less just for the sake of helping them. It’s a great product. Wish these guys the best of luck!
I thought they where security at the start
I really liked the honesty of these guys, the judges have to treat them well, You guys could help them out in the marketing and this product could have sold well.
1:03 all the sweat they lost in the presentation
You got too love the zoom in on the guys head haha
Barbara: 'you guys are too sweaty and for that reason, I'm out'.
The reason I think commercial kitchens use cling wrap is to mark the use by dates and stuff..may be that’s the reason this product wasn’t a success.
Guess, it doesn't provide the convenience of writing on it!?
Also the price as well.. $28 for one of those large lids. It's too expensive - I can buy a 600 metre roll for $25. I can write on clingfilm, I can label it with tape for dates and don't have to worry about residue. It doesn't need to be washed so there's no labor cost, no water cost. I don't see those lids as lasting long term, and in a large scale environment the cost is just too much. Not to mention storage space for when they're not in use.
They can’t sell because they aren’t fit enough to hit the pavement and knock on doors, sales reps also sell if incentivised
As a Michelin cook myself and executive chef myself... BOII WE NEED THIS
@[Removed] Because a lot of shitty chefs exists that will give horrible advices. I belong to the top 3 of the country, so I think my advice is pretty valuable
Mans looks like he ate all the restaurant scraps
mythius lopez mans looks like he ate the entire restaurant
At the end he said thank you for the advice ( What advice they literally helped him in no way possible)
What!?!? This was a great product plus those guys were so sweet. 🥺 also Why be so hard on them when you can see they are really nervous.. 😕
I have to agree 😭
That blue towel getting worked pretty hard lol
As a business owner, that's a great product. I hope they figure out how to market it.
When Steve takes his glasses off and puts them in his pocket, you know he's really out.
That's an amazing product. If it truly is original he will be a wealthy man
So did you buy the product?
@@TheAazah no I don't work in a restaurant or catering service. But I have friends who do and I used to work in a hotel kitchen years ago. These would absolutely have been a time/money/food and waist saver.
According to Linkedin, the company has 30 employees with a growth rate on the employee count of 52% in the last 12 months. Sites like Owler estimate its revenue to be $3.4 million annually.
I would like to know how they came up with this product.
For some reason I am a bid suspicious that a chef would design such product made of special plastic and design.
I guess he hated wrapping plastic on all his trays and storage bowls and came up with the idea while trying to avoid that part of the chore
Steve said it.
They lacked motivation.
Lacked Energy.
Lacked Excitement.
Lacked the Desire to sell their idea to the sharks.
Result: All Out
They've had these in the US for a decade plus lol
Hopefully that means he's made it this ain't a new show.
Yea I’ve used this at all the restaurants I’ve worked at. Maybe they don’t in Australia?
I love how steve is just a constant menace
I personally think, it's a great product, and I am sure this product would have fly from the shelves after this show aired.
I can literally hear thier harwork from their voice
great guys
The tight lipped joke went straight over his head.
“I’m out”
Holy shit! I'm a chef with 25 years experience, I'd love to switch to these.