Actually if its an established business then yeah thats diabolical, and its better to get loan, in which case he wouldnt be here. Since hes here id say its a business in paperworks and everything is still a projection so depending on when he returns 800k the percentage of compounding differs. If he returns 800k by end of 10th year its just ~14% CAGR. I think thats justified since hes only charging 6% on sales. For a risk thats way higher than 6%. But i havent seen this episode, im saying it on basis of this clip
@jhudora9445 I'll try my best to explain The Shark guy is giving 200,000 and asking 800,000 in return but also wants 3% of the company. In over all, this is not a very great or even good deal.
@@jhudora9445kevin’s offer: give company 200k kevin’s request: company give back 800k + 3% stake in the company. kevin would’ve already got 4x his investment, and he’s asking for 3% on top of that.
yup, he got smoked by a 13 year old girl on TV and this issue was GMO rice. And he said that is a good thing because we get more rice to the hungry. Her response was: I thought you would say that and then tells him a child will have to eat 4-5 pounds daily the GMO rice to get the nutrition as a non Organic rice at a table serving of 8-10 ounces....boom, he just sat there looking stupid...it was awesome
Not really. The pen wasn't even needed. He was asking for 200k which Kevin said he'll give him, but asked for 6% equity till he got 800k then he drops it to 3%. Ignore all the zeros and you have a second grade times tables question/problem. 8÷2=4. Now add all the zeros back and that's how much he gonna pay off as "interest". Btw that's not an offer, that's a back hand with a side of spit in the face.
You actually don't need to note, it's super straight forward and don't really need some advanced math 😂 well he was anticipating some complex deal but in this situation it's plain straight forward idiot proposal
fr especially since hes standing in front of 4 sharks, on a famous show, gambling his business (in a sense), with cameras and lights everywhere - need all ur wits around you, need to remember the terms of the deal offered, need to stand ur ground - notes are a good idea, even if the math is simple, even if its seen as unprofessional to write on ur hand, bc at the end of the day he is the only one fighting on his side
400% Interest plus a 3% stake is absurdly wild. If i had the most diabolical blackmail on that man, I’d still demand less than what Kevin was trying to offer
Not to be that guy but it‘s „only“ 300% interest since interest is always on top of the original sum. So 100% interest would double the original amount, 200% would triple and so forth… just something for life :)
@@bluetezeit8098its only 300% interest if it needs to be paid back in one year, which it obviously won't. If it takes 8-12 years (probably a realistic estimate), then it's 30-50% interest.
@@bluetezeit8098 Not to be that guy either but I don’t think it’s 300% interest either. That’s just the change in %. The interest is 6% or maybe actually royalties.
Why does this have so many likes? He’s laughing because it’s the exact opposite. The guy has no idea that Kevin just 4Xed his money while getting 3%. Bro is getting scammed!😂
@@MrPrado-nc6qqif you get a loan like that from a bank you already have your stuff together good credit,collateral,a small business or two that has been established for a few good years and has solid income ect it’s still hard getting loans like that but once you have a good small business they won’t stop calling you trying to sell you money we get at least three of those calls a day they all have bad interest rates outside banks you could get a really horrible interest rate on that 200k loan and it would literally slam dunk you into bankruptcy
@@MrPrado-nc6qq you have to have credibility, you have to have a salery or some sort of income to make sure that you are going to be able to pay back the loan. JUST LIKE IN SHARKTANK! They wont give you money unless your business is already generating profit. This deal was so bad that a bank loan would be way better.
@@AHoneybellyAccording to you Take a loan from the bank for 200k and pay interest of 7% : ❌ Take a loan from this loan shark for 200k and pay 400% interest and in return for providing such a good "facility "the loan shark also gets 3% of his company: ✅
I hope everyone who goes up there has a full understanding of how business works so they don’t get scammed by these sharks. I’m so glad he figured him out
@@Seethedogs-yf2kn He gives you 200k and whatever you will sell, he gets 8% from your that until he gets 800k (summed up from taking that 8% of sales) . After that he stops erning these 8% but still will own 3% of you company. This deal is absurd. You are basically quadrupling his money, and then he still ownes 3% of your company value.
@@Seethedogs-yf2kn he loaning him $200,000 and asking to pay back $800,000, That's 300% the amount he have to pay back which is insane. Plus he asking for 3% of the company.
😂"Amerika, das beste Land der Welt"😂😂 deswegen wohnen auch so viele Menschen in Zelt Städten, überall gibt es Schießereien und selbstmordrate genauso wie die wie auch die Gefängnisinsassen suche Wien irgendwo anders auf der Welt verglichen zu Einwohnerzahl
Nah. He was a bit fine with that. But the 3% is what makes him shocked. I dunno business but in my own understanding, debt and investment are different. So that 3% is something unnecessary with the diabolical ×3 value increase of debt.
To anyone confused: the billionaire wanted 4 times the amount of money the owner was being loaned back to him, along with losing 6% of his company until the owner could pay back the insane 400% interest he took out of a $200k loan and then it reverts to the billionaire owning 3% of the company… to anyone who knows how insane that debt is in the business world, the billionaire is basically saying “I will financially enslave you for generational wealth and if your business fails I can claim “lost profits” on my lost profits/product insurance and also sue you for up to 4 times the amount you agreed to pay back which is $3,200,000”
Thanks so much! I'm not very knowledgeable about this stuff, so I always thought he was getting a great deal and was getting four times what he asked for.
@@nabkill0134show us. But please use this example as a real case and how you would act with those terms. 200k x 800k and 3% of the company is, for me, absurd. Show us, show me, how it works please, maybe thats fair deal and allá of us are dellucional.
@@blankblank6794Well people come on the show because they need money to get their business to that level. I’d rather lose 3% of my profits to make a huge trade empire, than keep all 100% and have a small business. Not only do you get money to get your business to that level, but your company usually gets advertised by the people you get deals from since they want to get that equity money, so his deal is absolutely insanely good and he is giving it up.
Dude ended up getting a deal that was $200,000 for 5% much better! Unfortunately after the show the deal fell through and he got diagnosed with cancer. The company is no longer around and he passed way recently. RIP to this legend!
@@yoursky3004Difference is this deal doesn’t account for inflation and doesn’t have interest past the 800k. With banks, if you dont pay it off within the same year you got the loan then that interest will compound quickly and rather than having to pay back 300% more you’ll have to pay back thousands of percent more. Not only that, you get advertisement, coaching, and everything you need to make your business successful after you make the deal since y’know, the deal makers want to make back their fair share they were expecting so they want to help you and your business succeed.
I like business intellects and how sharp and smart they are with all these stats numbers and everything. Wasn’t much interested in finance but I think i mat be now
when did u say u will return the dog the one on that missing poster u saw my reward is 20 euros u called the number which was me so please tell me when u can do the deal or i could take this to court
Immediate PE value of $800k. He called it venture debt. He believes in the product and the business and wants a long term place in the company. 3% shares in return for the loan. Most likely, he would also contribute to the business development. I would take this deal even if he doesn't help with business development.
His logic::: I can’t help you unless I can take advantage of you. Edit: All of you SHEEPLE saying “It’s just business” …. Did you watch the same video??? That’s outright robbery. That’s why Mark is laughing his ass off cuz the man is wise to the bs.
That's how business works. To profit, you have to give someone a worse deal than you got. The economy is a zero sum game. I make money by taking it away from you. . Or we could always just print more money... but we all know what that leads to.
Only way I could see 400% interest being worth it is if the loan repayment was spread out across multiple years. Assuming the guy has tried literally every other option and is unable to secure funding any other way, I could see it being a reasonable enough deal. Problem of course is giving up equity in the company in addition to the above, but in terms of securing funding from venture capital it’s not completely unreasonable depending on the company as the loan provider is taking a risk as well
So essentially if i understand this correctly, Kevin gives him $200,000. He uses the $200,000 to geow the business but needs to pay kevin a % or dollar figure(idr which he said) until hes payed kevin back $800,000 and once the 800,000 is reached kevin then gets 3% ownership of the company (after its most likely grown a bunch)
@Mrbombaclott I don’t think you are understanding what facility means in this conversation. In finance, loans are normally called loan facilities. Kevin is essentially saying because I offered you this loan, I get 3% of the company. Kevin isnt offering him a building or real estate, he’s just trying to screw him over for money like Kevin always does.
Not only that he gets 6% of everything he sell 1) I am not sure if the 800,000 $ he is returning to the shark is from the total of 6% Or that 2)He has to pay shark 6% until he accumulates 800,000 $, then he has to give him the entirety of 800,000$ and after it all ended the shark still wants 3% percent of his company Idk my point 1 or point 2 is correct Can someone explain me
Kevin really said he wants this guy to pay him 400% interest on a $200k loan to start the company (Kevin wants the guy to pay him $800k back), and on top of that he wants a 6% stake until it gets paid back, going to a 3% stake when it is? Jeeeesus christ that's bad. To put it in perspective, the majority of loans you're gonna encounter aren't gonna have interest rates much higher than 30% on the high end. Pretty much the one exception to this are payday loans, and those are banned in like half of US states. This guy dodged a bullet not taking Kevin's asinine offer. Was gonna be a debt slave if he took that.
@@lollgdjhgrey5775 Basically he will give him 200k, and in return, the guy has to give him 6% of every sale until he has paid back 800k, in which it will go down to 3% every sale.
@@lollgdjhgrey5775Not a business guy, but what I understand is that before he pays back the 800k, the shark will have 6% of the profits of the company, after paying the 800k, that 6% will be decreased to 3% of the company.
Guys sorry to tell you, but the pitcher in this episode is Ryan Frayne and he appeared on shark tank season 7 to pitch his product windcatcher. Unfortunately he had terminal a pancreatic and liver cancer. He later unfortunately died on June 5 2018. Rest In peace to this young eutnreperenur. Hence why this shark tank pitch is no longer available for viewing
Bro WTF was he thinking? Is the insides of his brain as smooth as the outer head??? Like he can legit take a loan of $200,000 and no bank ever would ask for 4x times the amount.
He gave him an offer that only someone incredibly desperate would take, to feel him out and find any other deal that borders exploitation. Additionally, partnering up with a shark grants you their expertise and network (they want to maximize profits of their stake so they don’t want the company to fail. And most of these companies wouldn’t be public so they’re stuck with their equity unless they sell it back to the owner or wait for a highly unlikely IPO) Banks, you have alot of hoops to hop through and paperwork to file, and they can deny you at any step of the process. Won’t have a shark backing you but at least you’ll run much lower interest rates. However, you have to be very translucent with the bank when it comes to their money. Either way, this deal is absolutely bonkers and even with the massive boost that comes with having a shark it should be criminal Kevin even opened with that.
I’ve always hated this show. Billionaires trying to screw over the little guy. Millions of great ideas never make it anywhere because of people like this. Some people agree before they do the math because they are excited to get their idea out there.
I mean it doesn't take a genius to see he wants 800k for giving 200k? I mean wtf bro 😂 what a clown. And then has the cheek to demand 3 percent equity from him after taking all the risk
I’d have countered with 200k debt, to be returned at 1% interest, until I give back 250k and then you get 0.1% equity. This is the counter you get for disrespecting my intelligence.
@DylanTW420 the man can't even guarantee the product the sell that's the problem with venture debt. If the product doesn't sell kevin will just sue the guy and get more money for it. Either way the deal is stupidly outrageous. Man said he would give him 200k for a 400% interest return 3% of the company all with no guarantee that the product will sell. Kevin was straight clowning.
@@LawrencePlataniaif you serve to an area without a lot of dealers you could be making thousands per week if youre actually serious otherwise you can work like 5 hours a day and move weight on the side and live pretty comfortable
Our Beginner Bootcamp inside the editing school goes live in 12 hours!
Join through our profile.
Screw the sharks bro
Dawg the editing in these vids are made by 12 year olds on other channels, no one is gonna pay for it
Bro uses satanistic sign for his pfp what a loser
I meant the signs in his profilr picture, they are from satanic groups
@@hiesius3405 what comment
The look of "Huh, that dont sound right" on that mans face was the moment it was over for Kevin 💀💀
2.7k likes but no replies let me fix that
3k likes no replies igotu
4.6k likes no replies I'll do the honors
@@Tommy_2_Smooth 5.8k here
9.3 likes , not gonna leave you hanging
6%of every sale is reasonabl. 400% interest is diabolical. Go to a bank and get a better deal.
Actually if its an established business then yeah thats diabolical, and its better to get loan, in which case he wouldnt be here. Since hes here id say its a business in paperworks and everything is still a projection so depending on when he returns 800k the percentage of compounding differs. If he returns 800k by end of 10th year its just ~14% CAGR. I think thats justified since hes only charging 6% on sales. For a risk thats way higher than 6%. But i havent seen this episode, im saying it on basis of this clip
100% = double
200% = triple
300% = quadruple
@@grantlee6767 no
@@grantlee6767I was going to comment you're wrong but then I realised Interest is paid in addition to the original amount so you're actually correct.
@@SiegfriedFafnirsbaneYes. If you would say „pay 400% back of what he got“ then it would be right. But interest rate is 300%
200k is a lot of money...
800k + 3% of everything you own in the company is a lot, lot more
you are forgetting the 6% of EVERYTHING you sell lol
@@barriath8841the 6% deal is the 800k
@@barriath8841 no he gets 6% till it adds up to 800k
so the guy has to make 13mil to pay of this debt.
@@barriath8841 Yes but that is only till the 800k is returned
@@barriath8841 That 6% is building up for the 800k so yeah
He didn't "realise" he knew all along. He was trying to fool him. But he did not fall for it
Had to watch it a couple of times and read to comments to know what was wrong
@@Hungry4DonutsXD I still haven't figured out
@jhudora9445 I'll try my best to explain
The Shark guy is giving 200,000 and asking 800,000 in return but also wants 3% of the company. In over all, this is not a very great or even good deal.
@@jhudora9445kevin’s offer: give company 200k kevin’s request: company give back 800k + 3% stake in the company. kevin would’ve already got 4x his investment, and he’s asking for 3% on top of that.
@@jhudora9445He is Quadrupling the amount of money he pays him back all while he takes 3% share of the company.
He was writing "fuck no" on his palm 😂
😂😂
Great 😂
Lmao
Power 3 over 2...2*2*2=8
He wrote "fcuk this s#it"
“Mr Wonderful” is just a scammer with big words and a fancy suit
Fancy? Not really normal suit that looks like all others yes
Hmm sounds familiar…
yup, he got smoked by a 13 year old girl on TV and this issue was GMO rice. And he said that is a good thing because we get more rice to the hungry. Her response was: I thought you would say that and then tells him a child will have to eat 4-5 pounds daily the GMO rice to get the nutrition as a non Organic rice at a table serving of 8-10 ounces....boom, he just sat there looking stupid...it was awesome
@@michaelblankenshipCA wait huh? 4 or 5 lbs of rice a day? How could anyone each that much a day
@@DB-jd9ht they can't...which was her point. In other words, malnourishment, not nourishment. They may be getting micro amounts but not daily amounts.
That pen working on his palm is the real hero here.
Underrated comment bro
@@Iilah-ah🍪
@@localteeeooh, a cookie! Thank you friend!
Not really. The pen wasn't even needed. He was asking for 200k which Kevin said he'll give him, but asked for 6% equity till he got 800k then he drops it to 3%. Ignore all the zeros and you have a second grade times tables question/problem. 8÷2=4. Now add all the zeros back and that's how much he gonna pay off as "interest". Btw that's not an offer, that's a back hand with a side of spit in the face.
@@WHOMEGALULzPretty easy to think about while lying in your bed right? Lol
The moment he was taking notes ! I knew he was cooking 😂😂😂
Real
You actually don't need to note, it's super straight forward and don't really need some advanced math 😂 well he was anticipating some complex deal but in this situation it's plain straight forward idiot proposal
Sameee
@@shizuxotrue but always note first because you don’t know how advanced or simple it’s going to be until it’s stated in its finality or totality
fr especially since hes standing in front of 4 sharks, on a famous show, gambling his business (in a sense), with cameras and lights everywhere - need all ur wits around you, need to remember the terms of the deal offered, need to stand ur ground - notes are a good idea, even if the math is simple, even if its seen as unprofessional to write on ur hand, bc at the end of the day he is the only one fighting on his side
Mr. Wonderful's deals are literally ALWAYS like this. I cannot recall a single time he pitched an actual offer.
When he goes 50/50 with other sharks every now and then the deal ends up more reasonable from their influence
Kevin is a real shark. He reall tries to eat these entrepreneur
Real greedy shark
That's disrespectful to Sharks
He’s a POS, I do not like this guy at all
Even if you’re English is a little choppy, it’s still good
@@CO-L-SON your*
400% Interest plus a 3% stake is absurdly wild. If i had the most diabolical blackmail on that man, I’d still demand less than what Kevin was trying to offer
Not to be that guy but it‘s „only“ 300% interest since interest is always on top of the original sum. So 100% interest would double the original amount, 200% would triple and so forth… just something for life :)
Either way is totally nuts.
@@bluetezeit8098its only 300% interest if it needs to be paid back in one year, which it obviously won't. If it takes 8-12 years (probably a realistic estimate), then it's 30-50% interest.
@@bluetezeit8098 infact this is only true per year ...it wouldnt even be right to use the interest term here. maybe ROI
@@bluetezeit8098 Not to be that guy either but I don’t think it’s 300% interest either. That’s just the change in %. The interest is 6% or maybe actually royalties.
The second he heard 800,000, he was like, "Hold up, wait a minute. Something ain't right.
Yeah but the moment that 3% showed up, that's when he thought of "Nah, fk yslf".
I love Mark laughing because the dude has Kevin figured out 😂
Edit: fam 191K likes in 2 weeks is mental...
He is evil laughing
Such a wicked laugh 🎉
bros 2 smart
Why does this have so many likes? He’s laughing because it’s the exact opposite. The guy has no idea that Kevin just 4Xed his money while getting 3%. Bro is getting scammed!😂
@@otabekisaqov8688I think he was more Chuckling. He probably saw himself a little in the young shark.
Easier to get a loan of 200k from the bank 😂
How? I wanna know
@@MrPrado-nc6qqif you get a loan like that from a bank you already have your stuff together good credit,collateral,a small business or two that has been established for a few good years and has solid income ect it’s still hard getting loans like that but once you have a good small business they won’t stop calling you trying to sell you money we get at least three of those calls a day they all have bad interest rates outside banks you could get a really horrible interest rate on that 200k loan and it would literally slam dunk you into bankruptcy
@@MrPrado-nc6qq need good credit
@@MrPrado-nc6qq you have to have credibility, you have to have a salery or some sort of income to make sure that you are going to be able to pay back the loan. JUST LIKE IN SHARKTANK! They wont give you money unless your business is already generating profit. This deal was so bad that a bank loan would be way better.
@@MrPrado-nc6qqisnt too hard if u have a legitimate business. They’ll give a new business 100k
that actually totally outdoes how screwed over you get by payday loans, by so much that this should be considered a literal robbery attempt
That man were Genius for not taking that Crappy Load Offer.... 💀
150k Like : FIRST TIME EVER, AM I FAMOUS NOW? 😄😄😄😄😄
Load offer ? Lol what?
@@AHoneybellycrap load bro are you good 😂
@@AHoneybellyAccording to you
Take a loan from the bank for 200k and pay interest of 7% : ❌
Take a loan from this loan shark for 200k and pay 400% interest and in return for providing such a good "facility "the loan shark also gets 3% of his company: ✅
@pentester7635 what the heck is a crap load offer ?
Terrible offer@@AHoneybelly
I hope everyone who goes up there has a full understanding of how business works so they don’t get scammed by these sharks. I’m so glad he figured him out
Most reasons people pick Kevin on Shark Tank is because they're either dumb or to look good on television (and just cancel the deal after the show)
Tbh, I’m stumped, plz explain idk why I’m not understanding the deal 😭
@@Seethedogs-yf2kn He gives you 200k and whatever you will sell, he gets 8% from your that until he gets 800k (summed up from taking that 8% of sales) . After that he stops erning these 8% but still will own 3% of you company. This deal is absurd. You are basically quadrupling his money, and then he still ownes 3% of your company value.
@@Seethedogs-yf2kn he loaning him $200,000 and asking to pay back $800,000, That's 300% the amount he have to pay back which is insane. Plus he asking for 3% of the company.
@@Seethedogs-yf2knfr
Everything looks cooler "when added 😎 background music 🎶 with some editing 👌
That aint a shark, thats a greedy pig wtf was that deal
lol nah Bahahha I’m laughing ball sacks 😂😭
Zionist
😂😂😂😂
😂😂😂
That's what happens when someone names THEMSELF "Mr. Wonderful"
Greed, a insatiable thirst for more
😂"Amerika, das beste Land der Welt"😂😂 deswegen wohnen auch so viele Menschen in Zelt Städten, überall gibt es Schießereien und selbstmordrate genauso wie die wie auch die Gefängnisinsassen suche Wien irgendwo anders auf der Welt verglichen zu Einwohnerzahl
Fr he should just give his money away to people that want it
@@RandomDude-qz2jfit’s called balance, there is something called the grey area
@RandomDude-qz2jf If everyone has money it would depreciate in value and then cause a huge fucking inflation.
when he heard 800.000$ he immediately went "u wot m8"
Bro do people even remember this meme now
Nah. He was a bit fine with that. But the 3% is what makes him shocked.
I dunno business but in my own understanding, debt and investment are different. So that 3% is something unnecessary with the diabolical ×3 value increase of debt.
To anyone confused:
the billionaire wanted 4 times the amount of money the owner was being loaned back to him, along with losing 6% of his company until the owner could pay back the insane 400% interest he took out of a $200k loan and then it reverts to the billionaire owning 3% of the company… to anyone who knows how insane that debt is in the business world, the billionaire is basically saying “I will financially enslave you for generational wealth and if your business fails I can claim “lost profits” on my lost profits/product insurance and also sue you for up to 4 times the amount you agreed to pay back which is $3,200,000”
Thank you ❤
Holy yap
Thanks so much! I'm not very knowledgeable about this stuff, so I always thought he was getting a great deal and was getting four times what he asked for.
@@ChronicCommenterAre you still learning how to do your multiplication tables?
...400%. $50k would be the interest amount returned for 25%.
He just said uno reverse my ass and pulled out a shotgun
This is so corny
corny ahh comment
So cringe
Holy cringe.
Cringe asf
If I was ever on that show I’d tell him out the gate I’m not interested in anything he has to offer, I’d take Cubans offer ANY DAY, he’s actually fair
yea but you would never be on that show
@@protonskullyour a sad person bro find god🙏
@@KotasKicksskip god, he needs to find a heart
@@geo4322skip a heart, he needs to find a father figure
@@geo4322 Only God can give that new heart.
This show was basically billionaires buying up peoples company and stoping them from ever getting close to sucess
Bro every company has equity😂
@@santoshdhore4621but not every compagny start equaly
The farmer one was the worse
When you don't understand how company work but still wanna say something:
@@nabkill0134show us. But please use this example as a real case and how you would act with those terms. 200k x 800k and 3% of the company is, for me, absurd. Show us, show me, how it works please, maybe thats fair deal and allá of us are dellucional.
I just seen 33% interest on a credit card - it is getting crazy out here.
Bro wrote " FUCK YOU KEVIN " on his palm
😂😂😂😂😂
😂😂😂
youtube short ahh comment
could you imagine him showing his hand, Here's my counter offer 😂😂😂
@@QinRenovasi-zg3jp corny ahh comment
All the shark tanks are full of crap it’s all done on camera
You think they would be realistic or truthful on a reality/game show? Did you want to tell us the tooth fairy isn’t real too?
It's not a charity show
Gen z ass comment
Bro is still in middle school
yes and no
"You can counter if thats unfair."
- The audacity 🙄
the GALL
the GALL
Bro gets 200k pays 800k and losses 3% of company. I see that as an absolute win 😂
Yeah exactly 😂 absulte win for shark 🎉
Yeah so many fighting for under 20%
@@azrielshax3673why is it a bad deal for the guy?
But when that company could worth hundreds of millions in the future 3% could be millions
@@blankblank6794Well people come on the show because they need money to get their business to that level. I’d rather lose 3% of my profits to make a huge trade empire, than keep all 100% and have a small business. Not only do you get money to get your business to that level, but your company usually gets advertised by the people you get deals from since they want to get that equity money, so his deal is absolutely insanely good and he is giving it up.
That's why is Called Sharks Tank. Cuz they will eat you with their Shark Loans.
Dude ended up getting a deal that was $200,000 for 5% much better! Unfortunately after the show the deal fell through and he got diagnosed with cancer. The company is no longer around and he passed way recently. RIP to this legend!
Really😮😭
Just wow
That is so sad! I wish his family kept up with it.
What was his company called? Kinda sus if you ask me
Sounds like billionaires probably took over what was done.
y he treat ppl like tat? pay 200k & expected 800k back? its like loan shark?
Loans are better.
It is called shark tank yknow
Loans are far away better. There is no loan with 300% profit. In addition he wants 3% of his company. I wonder how could he dare to say such an offer!
@@yoursky3004Difference is this deal doesn’t account for inflation and doesn’t have interest past the 800k. With banks, if you dont pay it off within the same year you got the loan then that interest will compound quickly and rather than having to pay back 300% more you’ll have to pay back thousands of percent more. Not only that, you get advertisement, coaching, and everything you need to make your business successful after you make the deal since y’know, the deal makers want to make back their fair share they were expecting so they want to help you and your business succeed.
I had a stroke reading this 😂
I like business intellects and how sharp and smart they are with all these stats numbers and everything. Wasn’t much interested in finance but I think i mat be now
"That's what I woulda did" has me dead
Dude was laughing so hard at the face that guy made lol
I wouldn't even talk to a man that looks like that, collecting money and agreeing to his terms is suicidal.
when did u say u will return the dog the one on that missing poster u saw my reward is 20 euros u called the number which was me so please tell me when u can do the deal or i could take this to court
@@balldezuumwhat?
@@Michael1234567860 he's high
return the dog you mf
The realest response
That was just disgusting... some people are truly greedy 🤮
As soon as his eyes twitch
I was like "Wheres the popcorn when you need em"
"Find a better deal"
With respect sir!
Edit: Damn 500 likes tysm
Immediate PE value of $800k. He called it venture debt. He believes in the product and the business and wants a long term place in the company. 3% shares in return for the loan.
Most likely, he would also contribute to the business development.
I would take this deal even if he doesn't help with business development.
His logic::: I can’t help you unless I can take advantage of you.
Edit: All of you SHEEPLE saying “It’s just business” …. Did you watch the same video??? That’s outright robbery. That’s why Mark is laughing his ass off cuz the man is wise to the bs.
That’s pretty much every job nowadays 🤷♂️
💯
That's how business works. To profit, you have to give someone a worse deal than you got. The economy is a zero sum game. I make money by taking it away from you.
.
Or we could always just print more money... but we all know what that leads to.
@anthonyfaiell3263 thats fine, so long as you're okay with us doing the same in return.
That's why they called sharks
So 400% interest and losing 3% of the company
They're not called sharks for nothing.
Mark Cuban knew it, that early laugh!
Only way I could see 400% interest being worth it is if the loan repayment was spread out across multiple years.
Assuming the guy has tried literally every other option and is unable to secure funding any other way, I could see it being a reasonable enough deal.
Problem of course is giving up equity in the company in addition to the above, but in terms of securing funding from venture capital it’s not completely unreasonable depending on the company as the loan provider is taking a risk as well
Bro got smart
So essentially if i understand this correctly, Kevin gives him $200,000. He uses the $200,000 to geow the business but needs to pay kevin a % or dollar figure(idr which he said) until hes payed kevin back $800,000 and once the 800,000 is reached kevin then gets 3% ownership of the company (after its most likely grown a bunch)
Yeah Kevin's an idiot sometimes 😂
He also provides him with a facility for the 3%, which still isn’t worth it at all.
Just get a loan from bank
@Mrbombaclott I don’t think you are understanding what facility means in this conversation. In finance, loans are normally called loan facilities. Kevin is essentially saying because I offered you this loan, I get 3% of the company. Kevin isnt offering him a building or real estate, he’s just trying to screw him over for money like Kevin always does.
Not only that he gets 6% of everything he sell
1) I am not sure if the 800,000 $ he is returning to the shark is from the total of 6%
Or that
2)He has to pay shark 6% until he accumulates 800,000 $, then he has to give him the entirety of 800,000$ and after it all ended the shark still wants 3% percent of his company
Idk my point 1 or point 2 is correct
Can someone explain me
Surprised they actually aired this.
Kevin really said he wants this guy to pay him 400% interest on a $200k loan to start the company (Kevin wants the guy to pay him $800k back), and on top of that he wants a 6% stake until it gets paid back, going to a 3% stake when it is? Jeeeesus christ that's bad.
To put it in perspective, the majority of loans you're gonna encounter aren't gonna have interest rates much higher than 30% on the high end. Pretty much the one exception to this are payday loans, and those are banned in like half of US states.
This guy dodged a bullet not taking Kevin's asinine offer. Was gonna be a debt slave if he took that.
i get that it's a bad deal but i still don't get it, what does the 6 percent and 3 percent stakes mean though
@@lollgdjhgrey5775 thats his share in the business i think
@@lollgdjhgrey5775 Basically he will give him 200k, and in return, the guy has to give him 6% of every sale until he has paid back 800k, in which it will go down to 3% every sale.
Lmk if you get an answer@@lollgdjhgrey5775
@@lollgdjhgrey5775Not a business guy, but what I understand is that before he pays back the 800k, the shark will have 6% of the profits of the company, after paying the 800k, that 6% will be decreased to 3% of the company.
I guess Kevin thought a synonym for AMBITIOUS was STUPID. 😅
That is one of those record label deals
"Then it goes away, it's gone"
No, apparently it's not
If anyone don't know, this guy passed away after few years . He eas very passionate about his buisness idea
The universe had to kill him cus he was too smart 😢😢😢😢😢
What's the guy's name? I can't find which episode or business this is
Oh, I like spread misinformation. Why? Idk I like it
@@Sunny-oy8hvNo for real he died few years ago google it
@@Cwoisson
Ryan Frank. Windcatcher. He passed in 2018, cancer.
What's the name of this particular episode!!!? Gotta watch this!
Guys sorry to tell you, but the pitcher in this episode is Ryan Frayne and he appeared on shark tank season 7 to pitch his product windcatcher. Unfortunately he had terminal a pancreatic and liver cancer. He later unfortunately died on June 5 2018. Rest In peace to this young eutnreperenur. Hence why this shark tank pitch is no longer available for viewing
R.i.p. 😢
Bro brought a fighter jet to a fist fight and just won with a speck of hesitation.
Bro you need to get on a mental health plan
His face is like what the hell is this guy saying😂
i have seen scamers on the internet but that was the first time i see a real scammer on TV
Kevin really said you miss 100% of shots you never take 😂
yes. not every offer, reasonably explained, is a good offer.
especially if it is phrased as if this a deal designed in YOUR best interest...>.>
Which episode is this?
He should be ashamed to even proposed a deal like this l, non sense
morals take the back seat, if you want to make profits.
there was not a speck of shame in that mans body, i guarantee it.
What episode is this? Or just what company name is this?
He knew what he was dealing with
RIP bro, apparently the company got sued, Lori bailed, then he died of cancer 3 years after the episode aired
what were they sued for
@@lowgpu1687 unfair competition against Cascade and false advertising. Even though Cascade copied his idea
Shark trying to make high Profit from it
Bro WTF was he thinking? Is the insides of his brain as smooth as the outer head???
Like he can legit take a loan of $200,000 and no bank ever would ask for 4x times the amount.
4x swords💀
He gave him an offer that only someone incredibly desperate would take, to feel him out and find any other deal that borders exploitation. Additionally, partnering up with a shark grants you their expertise and network (they want to maximize profits of their stake so they don’t want the company to fail. And most of these companies wouldn’t be public so they’re stuck with their equity unless they sell it back to the owner or wait for a highly unlikely IPO)
Banks, you have alot of hoops to hop through and paperwork to file, and they can deny you at any step of the process. Won’t have a shark backing you but at least you’ll run much lower interest rates. However, you have to be very translucent with the bank when it comes to their money.
Either way, this deal is absolutely bonkers and even with the massive boost that comes with having a shark it should be criminal Kevin even opened with that.
This isn't a bank is it?
The show is called "Shark Tank" for a reason
Bro never skipped mathmatics classes 😅
This class of people we worship, right? With this amount of brain cells 🤏
Bro can go to the bank and get a lower interest rate then that 🤣🤣
I’ve always hated this show. Billionaires trying to screw over the little guy. Millions of great ideas never make it anywhere because of people like this. Some people agree before they do the math because they are excited to get their idea out there.
Simple guy + handsome guy + smart guy + kind person + good attitude + smart in conversation or argument = you're safe if this guy is your brother
He passed away a few years back from cancer.
That pen was laughing silently
Its how bank loan works. interest is their income you cant borrow money without giving them back. that is atleast for non muslim banks
Mark has studied kevin like a book , glad the entrepreneur humiliated him
Dude's dead. I don't think Kevin gives a fk.
I mean it doesn't take a genius to see he wants 800k for giving 200k? I mean wtf bro 😂 what a clown. And then has the cheek to demand 3 percent equity from him after taking all the risk
In bullet point form.
-you give me 800k
-i give you 200k
-also give me 3% equity 😮😮😮😮😮
That shark is a 🤡
Cuban laughin like bruh you really tryin this aren’t you 😂😂😂
Bro went 🤡 at last
A sane person would just leave the room, otherwise it’s just acting
It is a TV show after all, there is a level of acting and staging for entertainment purposes
This person in the video has passed away years ago..
It gives free publicity that is why they don't leave and if they leave they could get backlash and it will also affect their company's name
If i wanna joi ur course do what pc specs do i nee minimum?? Or recommend for editing
I’d have countered with 200k debt, to be returned at 1% interest, until I give back 250k and then you get 0.1% equity.
This is the counter you get for disrespecting my intelligence.
is nobody talking about the funniest part of this vid the“join our editing school”🤣🤣🤣
Can someone explain to me in more simple math how this is bad
That was straight up criminal.
That's not even highway robbery, that the world bank robbery
At this point go to the bank and get a loan💀
Banks doesn't have connections like they do to get the product sold...
@DylanTW420 the man can't even guarantee the product the sell that's the problem with venture debt. If the product doesn't sell kevin will just sue the guy and get more money for it. Either way the deal is stupidly outrageous. Man said he would give him 200k for a 400% interest return 3% of the company all with no guarantee that the product will sell. Kevin was straight clowning.
start dealing drugs and you will never have problem like this again
yeah alright buddy go do that and tell me how much profit you make you are better off working a 9 to 5
@@LawrencePlataniaif you serve to an area without a lot of dealers you could be making thousands per week if youre actually serious otherwise you can work like 5 hours a day and move weight on the side and live pretty comfortable
Lol😂the laugh is iconic 🤣 he knew the guy was smart & won't collect such deal
THIS MADE ME REMEMBER YAGAMI LIGHT AND THE DEATH GOD in death note👊👊👊
They are not sharks they are robbers
You are an angel. Your family must be very proud of you.
Why does a rich man even need to exert this amount of greed
That's the reason why rich people stay rich and even more richer..
Its a good deal 3% of your compqny is practically nothing . And nobody will give you 200k . Also 6% of sales is also practically about 1/5 of profits
So greedy and selfish
what episode??
Definition of nonchalant and aura
Knew bro was cooking when he said “that’s what I would do”