This 17-Year-Old Is A Business Powerhouse | Shark Tank AUS
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- Опубликовано: 6 авг 2020
- Morgan Hipworth made $55,000 on his opening weekend and isn't stopping there, he's seeking $200,000 in return for a 20% equity stake in his sweet treat institution - regularly selling out of stock each day.
Company Website: bistromorgan.com.au
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #BistroMorgan #OpeningWeekProfits 
Развлечения
At 17 I wasnt owning a business I was owning noobs in cod.
Relateable
Based
Bob Seaver loool
@@bobseaver7807 HHAHA BOOMER ALERT
@@TenzLekden DUDE HAHAH I LOLD SO HARD
42 percent is absolutely criminal. i doubt she wakes up at 4am and goes to school for 6 hours after making donuts for at least another 6hrs a day. she didnt deserve that kid, good on him
Well, she did go down to 33%. I bet you once upon a time she burnt the midnight oil and woke up before the birds. The beauty of success is eventually, you've put in your time and you're able to work with your money to make money.
Selling 1/3 of your company for a flagship store and a team that knows the industry with connections doesn't sound like a terrible deal.
She's an investor.... investments aren't personal.
An financial investment isn't based on whether he goes to school or not. It is based on the product, and what it's worth, so your reasoning makes zero sense.
@@Lagonas_ and this is why the world is broken.
@@Lagonas_ san san's reasoning is stupid but they're right that the offer is criminal at 42%. They had a net profit of 130k their first year. NET PROFIT. that's after all the bills are paid. Most reasonable valuations on companies get a 5-8X multiple on the valuation based on net profit. Some even more than that. If you ask me, 20% was a completely reasonable offer. Even 33% is horrible.
The Dad's response. "I think you know how I'd feel about that.." They may be Sharks but that man's a Killer Whale.
Damn right
Cringe
@@USAPatriot001 haha
Wow
@@USAPatriot001 ratio
Stressed me out so much. How dare they try to take such a huge chunk of this boys business.
Don't worry. He's a millionaire.
its called shark tank for a reason. you think the business world is easy? either you eat or you get eaten
@@SleepyFen Still, do you want people to take your money just because you're a millionaire?
They are investors, it's not buddy buddy time. Ofc they want larger portions
Ash Fields there is no they. It’s her, one person, trying to take almost half of his business.
He looks like he’s about to cry because he brought blood sweat and tears into this business and there just messing with him because of his age. When they know it’s booming.
I know. I felt so bad for him. He walked in there with an amazing offer for THEM to invest, and the two that took the bait (pun intended) threw it right back in his face with their offers, especially the Janine chic. His spirit was crushed for a moment and I really felt for him. 😞
@@AlishaArlene yeah but now he’s more successful at least without them (and her mentoring)
At least he stuck to his own. Good independent guy, he’s got a good brain in that head. More young people need to take an example
Amazing
Agreed. Hope he owns.
Imagine his classmates ask him why he's doing his homeworks during lunch and they dont realize he's earning 55k in a week.
HMOESTLY 😂
Midnight Dazzle yeesh, you're one of those people
@@NobodyUndefined hes working 60 hour workweeks on top of studying full time, how is that not hard work...
Not every week😅
Midnight Dazzle he has been working full time since 13
She tried manipulating him so hard “Im giving you my TTTIIMMMEEE”
Facts that’s literally what I was thinking
....how is that manipulation?
@Noobz Threefortyseven she was obviously just trying to give him the least while gaining the most for herself. Fair as an investor, but she was adding pressure onto him hoping he would just give in like any weak person would do. She might’ve even been testing him. But he isn’t weak like some people.
It's a common business tactic, that's why businesspeople always advise people to know how much they're worth BEFORE they go in. Remember, the person making the deal with you is NEVER your friend.
Considering the fact that she gave him her time for FREE at the end says exactly how much she was trying to manipulate him. Now she's trying to build a rapport with him so she can get herself another (better, for her) deal down the line.
Based on his sales numbers , these "sharks" would be blessed to get 10% of his company for 200k
I know rite,, easy peasy,,,, get the marketing team fired up,.
Indeed.
I agree he is going places
But he should offer 12% would be fine but he offered 20% that's the big mess where he lost the battle
Not really lol
3:49 “when do you have fun?”
“This is fun”
I respect this kid
Making money is fun 🤑
Having no friends is not fun
@@fondabossathinacity6592 that’s a lie
@@fondabossathinacity6592 money over friends any day
@@fondabossathinacity6592 please, friends only get you so far.
Based on the numbers he produced and presented to them, he actually doesn't need them. He won by getting a mentor.
I agree ☝️
Yeah but he's trying to be a global household name, you have to respect that he's like the elon of doughnuts.
Not to mention some free marketing through the show ;)
Yes.
That's exactly what I said, kid walk you'll be fine it'll just take a bit longer
he really stood his ground. he's gonna be successful
He really _stood_ his ground.
But I’m glad his parent made him stay on at school, a lack of education is such a sad thing.
@@JulieWallis1963 wow smartass you spelled it right thats impressive but who asked
@@electropower1317 Some of us care about how we type or talk, Sometimes it helps to be shown the correct usage of a word. He wasn't even being rude, but you are...
@@KS-ro7lm i just think its really nerdy and "white" to correct someones spelling which no one gives af about + someones point doesnt change because they spellt something wrong so people should focus on the right thing. also i get quite triggered when people do annoying things so focusing on grammar annoys me
@@electropower1317 The reply wasn't just the person correcting them, and I don't see how correcting someone in vocabulary is a rude or bad thing to do.
When he said "This is fun" I starting crying. You could see the pure joy in his face and hear it in his voice. He was meant to be in this business and an entrepreneur.
Makes sense. Making that kind of money at 17 doing something you love has gotta be amazing.
Same here
That kid said “my product is one that people will travel for” he’s damn right. There was a donut store with these eccentric donuts about an hour away and all the college students in my city would drive down to get these donuts. It went so well that they opened a shop up here.
Facts I dnt drive that far but I do drive like 20min and when I was pregnant 🤰🏼 I would go further for some Krispy Kreme’s 🍩
Same it's called hurts donuts. I think there are several locations but we have one where I'm at.
@@XxMaJoRxX77 hurts donuts are so good I have one where I live too
Are u dumb? Travel for that crap?!
oh we got duck donuts
If my parents saw this, they would have given me a whole lecture on how this man is so successful
lmao right
But if we wanted to do something like this they would scold "Asian life"
It's funny this kids parents are actually helping him. Most parents do is demand demand demand but no hands on with their kids.
SAAAAMMMEEEE!!
Rofl
HAHAHA the exposure from the show alone is more effective than having the thieves trying to steal from him
That’s why he went on there 😂. He needed a commercial
@@nikklovenobody Exactly
I just posted the same thing lol!
Wise father and obedient son. They both made correct decisions here. They are going to be hugely successful.
Worth 200M$ mate 😵💫
He really doesn’t even need money from them, I think he’s doing pretty well all by himself.
Ikrr
But the publicity is great
Exact thoughts
His net worth is higher than a few of theirs
@@Tweetypi16 He can build his own publicity if he can use social media effectively.
I'm happy this kid stuck to his principles and did not allow others to take over his dream. Good for him!
Fuck this being the comment shown
Being in business so long, kid made the best choice , they aren’t called sharks for no reason 😅
U a kid tooo
The kid would have jumped on that 30% in a heartbeat. It's the dad that made his decision for him.
@@GammaRays10 business is thriving, even throughout the lockdowns in Victoria. He's made all the right choices.
Good dad. Saved his son from a lot of headache right when he needed it.
God they made him cry with those offers. He knew they were trying to rip him off, I think it broke his heart a bit. They really are sharks...
I gotta say he professionally handled it way better than many ppl in their 30's
Did he ? I for one haven’t seen many 30 yo people need to ask mom and dad advice on what to do lol. But like many others have said this kid doesn’t need them he will do just fine without them!
@@choyunglap1050 yeah lol he probably wanted to leave the room
@@steveb4748 I have unfortunately
@@steveb4748 how is that a bad thing?
@@steveb4748 he's 17, my guy. and why wouldn't you take the advice of your elders at an age where you haven't had much experience?
The kid didn't come here to make a deal
He went there to get free advertisement for his brand
You sure?
@@adenjohnson5733 mate we all know his main purpose was to advertise his brand not to get a deal
he making more money than they would lend
@@alyssaangel1094 I doubt he needed the money, as you said. It was more for their partnership. I'm sure he came for the advertising but it looked pretty clear he wanted her as a partner and she tried ripping him off.
My mom was told by someone at her work that someone they knew tried to go on the american shark tank and they basically had to spend i want to say $50k (or something ridiculous like that. I remember it was in the thousands) just for the opportunity to possibly make it on. So i can't say it is free advertising as they still would have to spend thousands. 🤔 But I imagine it's far cheaper than filming and paying for ad time on national tv for sure haha 😆
I don't think school is going to do anything more for him. he's already got success figured out.
I am proud of him for standing his ground. To do all this at 17 is beyond amazing. He has got enough drive in himself to make a success, whatever his situation is.
This dude is 17 starting a business and I'm 18 here still can't ask for a tissue at McD's
Bro rightt😂
🤣🤣🤣🤣
Only 18? Plenty of time to start a business
teach
He started at 13
Even the other sharks reaction tells you that she was trying to rob him
"There's something wrong with the water heater, we need to call the boss"
"Not until 3 when he gets out of school"
He’s a kind hearted young lad, passionate with his vision and he did seem stunned with what was happening that the sharks had to direct him to make a counter offer. But im glad at the end he stood his ground. After that show, his business grew and was even featured in Masterchef Junior Australia.
When sharks call each other "ruthless", they mean to call them "greedy as hell".
True that!
Roygo true but that’s what business it’s sad but ye
@@dwightschrute8902 but with a kid come on man
This kid has now got a net worth of 200 million at 19, well done indeed 👏🏼
Mad
does he really?
@@Loadin1323 thats what it says when I looked up his business.
@@charliedronfield5835 pp
”Posted 4 month’s ago” can’t you see that this is just a joke. Edited oh my gosh so many people are telling me that it was made a while ago and I know that can’t someone know what a joke is!!!!
Anybody else counting the times he said "no worries" everytime someone said they were out😂funny but quite respectful
Are you Australian? Cuz it's quite common saying "No worries" to anything🤣🤣
How are ya mate? ~Yeah no worries~
@@annelyceyawingu6678 I'm from the US lol so I just thought it was funny
@@grantwedeking2780 Hahaha.... This famous comedian Trevoh Noah made a joke about this too..🤣🤣
This made me think "What the fvck have I been doing with my life". I've been stuck since i graduated college due to financial reasons and don't know what to do next. But this kid already have a stable footing in life and i respect that!
My son was the same. The pandemic hit his fledgling business hard so after a year of getting bits of work here and there he's gone to live on an amazing island, working in a hotel and working on the business in his time off. It's not easy but at least he's got a steady income whilst he works out his next step.
this makes me so mad and im so glad he didn’t accept those awful offers. 42% for her sweat?? he worked his ass off while in school and she really thinks she’s all that
Exactly!!😤😤
Y’all talk big towards someone with a net worth of 66 mil while y’all’s is 2 pennys and an opened bag of potato chips
@@resist8276 funny your the same as us then 2 penny’s and a open bag of potato chips
@@jiro_fanboy_7627 You added a ton to this🤦♂️
@@resist8276 guida ain’t wrong tbh
This kid looks like Miley Cyrus and Tanner Fox had a baby
This is too accurate
Why tf is it tho
😂😂😂
came here for that comment
Hey hey be nice lol
“Age isn’t a barrier”
“May I go back and have a chat with me mum and da”
his parents are the ones who set up the business with him.... of course he's gonna want to speak with them as well
He was smart to get a second and third opinion the only barrier is restricting oneself to try and prove something that is meaningless
adults to that to, so whats your point
My point is, adults don’t do that. Unless your investor is your Dad/Mom, then you should be able to handle it solo. He froze up and needed help. Not saying he’s not solid
@@aidansyracuse3338 he is 17 his parents are his investors
20% for 200k already seemed like a lot for a working and growing businessmodel with a passionate CEO.
“What do you do for fun?”
...
“This is fun.”
Now that’s passion. 👌
So inspiring .urggh I wish I’m the same as him. I need an idea to make a business
@@nR-nc8mb not only an idea, but the drive to work insane hours for years on end on basically a wager that it will succeed.
@@At0micMeltd0wn how do you make an effective business that doesn't take insane work
Here take 500 likes
@@nR-nc8mb I have an idea in mind... I need to patent it first tho.
He doesn't need them. He's extremely driven.. that woman is dangerous, I hope he didn't spend time around her.. not cocky but crazy cocky ..
From all of this likes, I'll be the first to comment on this 🥺
And also you right.
@@vampyboo1433 true that
She wants everything and employee him
“I can’t go down, but I will still spend time with you”. Not the first time he’s heard that
I am so glad the other sharks said how awful of a deal it was. You'll see on the US version the sharks defend each other on awful deals for the buisness owner, and it's quite disgusting
He is literally putting in ALL his time in this business and she offers 42%... that's just stupid..
That's a shark shameless
That’s the business mate
Its also donuts and a 17 year old high tisk
Agreed
The sharks want the best deal they can get. Main goal of the sharks is to make money and not to help others. Making deals they can make money with is their job.
42% was an aggressive ask given his profitability and momentum. I think she was taking advantage that he said she was his role model.
That's what they all do, good on him though you don't need sharks to be successful as Ring showed everyone. The sharks did it on their own so can others. The one thing I dislike about shark tank is how highly they vaule themselves. AU ST is better than US ST in that regard but they still do it. Experience is good but every business is different and they all have to find their own unique way and opportunities.
Exactly
Also to add Shark Tank takes 5 percent just for just pitching your idea. So 47 percent in total equity. If he wants to get more investment later he would be screwed!
Adam Francisco couldn’t have said it better myself
Adam Francisco I’m the 1k like
You know just listening to his dad for a few seconds you can tell; JUST there, that they are the people who encouraged him to be where he is today!!
Hats off lad regardless of your parents;)
Yes. Rare to have such parents
To be honest, this is the only shark tank video i keep coming back about a 1000 times. He is such a hard-working boy! I am so astounded and many kids would be inspired by him!
This guy somehow is able to flex extremely hard but is down-to-earth at the same time
thats what happens when you stay in your own lane and focus on striving rather than what others are doin bro got his head in the right place for sure
He honed his craft and it shows. He doesn't need to say a word about it, it speaks for itself 👌🏼
She's ruthless. 42% is stealing basically. She doesn't care about taking advantage of a 17 yr old
@Hallie copied
@Hallie You just copied word for word the most liked comment on this video. You got no shame
@Hallie well aren’t you original 😂
This is business, and she isn't taking advantage, she was paying 200k, he could decline as he did
She's a millionaire, I'm sure he's not the first person she's taken advantage of
"Age is no barrier". Yeah but those pants will be, I almost died when one of the sharks said "Cool pants" Ahahhaha
Clothing doesn’t matter when you have a successful business
YESSS I LOVE YOUUUUUUUUUUU
I'm 26 years old and I'm very much inspired by this guy. We just started our restaurant business and unlike him I'm nowhere near confident of it so his can do attitude amazes me. It's never about the age but all about the grit.
She knows the value of his business that’s why she dropped to 33 so quickly
Ow hes woth 200 mill and she’s worth 66 😂
Lmao think they care about donuts 🍩 it’s the area where it’s located
@karan bhardwaj it's not his fault literally multiple people saying the 200 million number
He should have never said her name when they asked who he admired in the business. He gave her all the bargaining power, that's why she asked for so much.
So true.
then again he said it only because he was hoping for her to invest
@@pavelsokolovic4097 yeah I think that was the right move, at least he got a 'mentor'.
@@TLiu-1b that ‘mentor’ will probably use him, trying to get him to pay back her ‘kindness’ when he gets more successful.
@@theautisticartist9370 Sure, she can try. But she'll have nothing to stand on. It's not like he's going to sign a contract.
Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.
@@petermoore237 That won't bother you if you trade with a professional like *Sarah Alma Martinez* my consultant. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. I basically follow her trade pattern and haven’t regretted doing so..
Wow I can't believe you guys are discussing about Sarah Alma Martinez, I once met her at a conference in California 2019, just before the pandemic. I can testify that she’s very good in trading..Highly recommended.
@@susanhaynes679 This is the Fourth time I'm seeing someone talking about Sarah Alma, do you know her ? if yes , did you invest with her?
@@zombie15ish Yes i do, I've known her for couple of years, I'm still using her services, her management team is quite impressive so far. With my $5,000 deposit, I made over $288,000 profit with just 10% charge.
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Eric Birger is my man any day, his signals are insane, and the fact that he only charges after his customers make a profit is extremely professional; I'd have even agreed to give him half of the profits if he had asked, but I hope he doesn't see this lol, I adore the dude.
I've only recently started using his signals, but I'm doing it on a demo account, and thus far they've performed admirably.
Birger comes highly recommended, and he is by far the best TA I've ever worked with.
@@Wuschel144 i want hes contact please
I was shocked after she said 42% and just started laughing... that was simply disgusting
Rich people will do anything
I mean she was laughing at the joke that was made, but yeah. Money is greed
For her it's another revenue stream, for him it's his dream.
@@hexaltheninjawow9531 damn true
Same
1. Asking 42% is highway robbery
2. Can his donuts please come to the US, they look VERY delicious
agreed
"look delicious" is like saying "taste beautiful."
I’ve had the donuts a couple times they are sooo goood
There in the Us same thing but different company
No there ours
I must say, I am extremely impressed with this young man's dream and how he has used tenacity and commitment to make that dream a success. He's 17 and he has a bigger business than I do, and I am 20 yrs older. And I respected him for not taking their offer. He has invested A LOT of time and creativity into his doughnut business and CLEARLY its working for him, given his yearly sales totals. They might not be cheap but he's not a fool. He's not willing to just GIVE somebody what he has put his life into.
Morgan Hipworth was just 15 years old when he opened his first store but he's now worth an estimated $200 million after dominating the doughnut space. january, 10th. 2022
Watching his smile slowly disappear through out the show was just such a mood
Y
This kid walks in & says 200k for 20%
Mark Cuban: Deal. Send the next guy in please..
Totally, at 350k net profit, he asking only 3x earnings Val. It is rare to find a young person so focused and doing so well. I would have backed this young man in to make my 20 per cent super valuable in 5 years.
because they are still making a profit from it, mark cuban has a reputation to hold up and 10-20% difference is gonna be like 5-10 million difference in profit which is nothing to him and either way he will still be making a few millions $ profit from a 200k investment plus you keep your partner/founder of the company happy by not taking too much of the equity away from them
Mark Cuban is my fav shark
Shark tank USA is way better, they actually have money to invest. All bottom feeders in Australia, they need real investors for this show.
@@caesardagreat1 the us is failed.
I love this kid! So smart, well-spoken and polite. I love how he always said "no worries" whenever someone went out. The fact that he didnt just go with the first offer from the lady, even though thats who he wanted to work with, was very impressive. And the fact she offered to be his mentor was awesome. This kid has a bright future no matter what he does. Good for you buddy!
The fact that he got free publicity and a mentor is a huge win
42%!! She was trying to rip off a kid. That’s just cruel and criminal.
That's their job and just how it works. The sharks want to make money, that's the only reason they sit there.
Some call that marriage or divorce
He's been in business for 4 years, sure he's young but that's plenty of time to learn the numbers and how to negotiate.
I mean, they are called sharks for a reason.
CGV Good point.
They're treating him like a child and not like a business owner.
@@mvc1701 what is your point? He means his stuff, so they should treat him like an adult because he's doing adult shit.
@@bvnny1379 well said
Both of their offer are rip off to the max.
And when they saw his mum coming in the shat themselves lol
His body language doesn't help.
He kept the holding and is now worth $200 million. Just amazing
The kid looks like he is about to cry, so hard to watch. He probably did feel like surrounded by actual sharks
I met his Mum like 3-4 years ago when I was working at a bakery. She was so sweet and handed me his business card! She talked about him so proudly 😌
Ha
U wish
@@alexgardner5997 she's not Lady Gaga or Beyonce, she does go to normal shops like the rest of us.😂 Just thought I'd share the cute encounter!
@@soccer0940 What did she order?
@@Samld1200 I could not for the life of me tell you, but it was probably a high fibre loaf or sour dough because they're the most popular.🥴🍞
She was like.."even if you walk away from this, I'll still mentor you and help you". Basically inserting herself into his buisness so that he would feel obligated to repay her for her "kindness" later when he grows even more sucessful.
And if he's smart. He can repay her, by having her buy his stock to be invested into his business. That way he gets the win-win while being able to control how many shares of his company can be purchased by her. He definitely isn't dumb enough to give her anything for free, so he already beat her by just having such a great product at that young age.
That's why she's a shark love. There aren't any friends in business.
It's business. You can't be successful and broke at the same time.
Edit: that being said, he's a smart business man and made the right decision.
@@Tenekai .... lots of broke people are successful. It’s called debt.
@@duncanclan6186 haha i agree, but broke has the connotation of being completely done. You're referring to putting money into assets, which isn't actually broke, imo.
Just had to look his business up after seeing this on Facebook and watching the full shark tank episode- for anyone wondering his business bistro Morgan was estimated to be worth 200 million in 2022 which is incredible such an inspirational young man
They're so right. This kid is a force of nature! So smart, professional, and he knows his worth! I think he did the right thing for standing by the 20 percent.
He made the right choice. Sticking to his guns.
Yeah man. 42%?? and he also would have to pay taxes on top of that. He would only be taking home like 40% of his profits!
No offense but he made overly stuffed doughnuts like?.. not worth it to me fam..
You just spoiled the video before i even watched it🤦🏾♂️😭
Bon Heur that’s why read the comments after you watch the video.
It wasn’t his guns it was his dads
I think he did the right thing by not giving more than 25% away. Although he looks emotional, he will look at this in a few years and smile about making the right choice under this pressure.
my guy's already worth 200 mil, well done mate
I’m sixteen, and I don’t even work as hard at school as this guy does at his job. Humbling. He knows what he’s worth, and it’s inspiring. I want to work harder now.
If Barbara was here: “I’m not a cop and there is no coffee” so for that reason I’m out lol
These Barbara memes are outta hand 😂
I am so glad he didn’t take her offer. I feel like she would just steal his business.
That's the business world
so you guys just discovered why they're called sharks or what?
Yeah the balls of this kid to say no. Kudos to him. That takes real courage. Trying to swoop in at 42% when he already has a business that’s about to blow up completely.
His Dad knows best.
Yes
The kid already makes more money than his teacher and principal combined. Give him his diploma and let him move on in life.
what if he goes broke and literally has nothing to go back on? most new business do these days. Good on the parents making him stay.
@@6jackace He would have his diploma. So he could go on to college any time he would like. He could even get a business degree right away. But there is nothing worth learning in your senior year of high school that is worth more than scaling your business quickly enough before competition moves in.
I found it unfair for teachers in middle and high school to not get paid that much but I know why goverments had to do this to them.. So they don't run away with the money they get from work, because they are teaching us.
Mr. Spy
You get payed money based on how difficult it is to get your job. Getting a teaching degree is incredibly easy (practically anybody can become a teacher). If you want to make money, do well in school, so you can get a challenging job
@@c--money9188 How is that a rapper can make money even though he/she dropped out?
I background checked and he is now valued at 200 million... In 2023
Lady is CRAZY! She most likely isn’t even gonna spend her “time” in there.
All she spends her time with is taking advantage of 17 year olds, vile woman
Felt like she was trying to manipulate him lol thinking he’s a kid
Oh my! It's god! He has come down from the heavens to comment on a Shark Tank video
Your comments seem to be everywhere, what made you come to this distant corner of youtube?
@@wabbit4936 to look after my children young one
God who are you
@@God-gi9iu I am the true creator of everything
This kid's killing it, and his parents were smart to advise him to stand firm. Good on him.
Hes worth $200m now 😲😲
21year old me watching this video while still in bed and crying 🙂
Me 33 and still crying in my parents house 😂
Honestly this kid deserved being in front of US sharks instead. Unfortunately it seems like these sharks can’t go vary deep in their own pockets
The US market for junk food like this is massive, and if he were US based, he'd likely be around a million per year. We're talking the same people who spend $10 on their morning coffees at Starbucks. In the US, he wouldn't need a shark.
And Americans would buy it more cause they’re fat
Not necessarily, like you guys mentioned us has a larger market for fast food and junk food. His product wouldn’t last, as you guys said it’s a large market with a lot of competitors. He can’t patent food like this because there’s a lot of grey area. Therefore other competitors with more capital and work force will eat him up in 1 quarter.
Sihyun Park Facts
@@sihyunpark6245 That's exactly why he would be so much more successful. If his products are better than the competitors, he will make a fortune and in a few years get bought out for enough money that he'd never have to work again. Assuming, of course, that he is good at managing money and investing it. The company who buys him out would have the capital/connects/infrastructure to reduce the cost per unit, and use their distribution network to make it available to the entire country.
That kid will outdo everyone in that room within 10 years
These are sharks they won't let that happen.
Definitely not lmao.
A small doughnut shop versus insider trading. Wake up that’s not how the world works
BaeWuf what abt Dunkin' Donuts
Highly agreed
This young man is really incredible! I recently watched a documentary that he was in about young entrepreneurs. Morgan is a fabulous role model for young people who want to start a business and take their own path in life :)
Did you see the shark faces when mom appeared? It’s was like: oh oh we have to give some steps back
Christ, my heart was breaking at how his smile just disappeared over the course of this video. Bravo for him for sticking to his guns though!
Don’t worry m8. He’s worth 200mil now. She’s only worth 66.
@@mathewdonaghey6279 he’s worth a little over a mill mate
Jesus! His dad answered that call quicker than Usain Bolt
He was probably waiting for it because it is a VERY big deal for his son
Wouldn't you 😂
Konstantinos Spartalis true true tbh my phone would probs be dead lmao
Lol
@@konstantinos4395 no i would be there like his mom was.
That kid stood his ground! I love it!
Your dad is a big boss! He knows your business has huge potential and don’t give up some silly amount. You don’t need these guys… you might have needed them for some exposure but it will come in due time especially considering how much you made in 8 days !!
I appreciate everyone telling him no to the 42%, especially Steve saying he forbids him from accepting that offer.
He doesn't need these guys, he's already a success
17 man.. freaking 17 year old!!! Good for him.. finding passion at such a young age is blessing.. very few able to do so.. this is beyond impressive!
Wow, this is the first time I am seeing someone turn down an offer from the sharks.
That 42% was way off the roof, and what a great dad-son-mother relationship.
Wakes up at 4, works, does all his homework at break and then works after school. WTF, this is why I’m not successful.
Hahahhahaha
Funny but sad shit Ify
"Entrepreneurs work 80hrs per week so they don't have to work 40hrs per week"
- Mark Cuban
🤣
@@kindainteresting8653 so what is the meaning ofthat?
My guy didn’t even really need the money, he just had the greatest ad of his life.
(If you’d like you can read this with an Aussie accent.)
Bro after listening to this for 10 minutes I'm reading all the comments with an aussie accent 🤣
my aussie accent ended up sounding british
@@meanzuno3192 and that is how the British took over the world
@@ridingtothegrave 🇬🇧🇬🇧🥵😏💪🏼🙌🏼🇬🇧
my Mum is Australian but I was born in Canada, Ive been to Australia more times than I can count and Its been so fun every time, needless to say, I read everything in an aussie accent XD
Impressive young man. I pictured so many other 17 yr olds sitting in front of their computers playing video games and yelling, “Mom I’m hungry, make me something to eat”.
I’m glad I am 40 minutes away from your store and I was twice able to meet you!
What a greedy woman. Glad to see he is wealthier than her now😀👏
Yes. 👏🏽
Should replace her with him get a younger shark in their
He’s definitely not richer than her lol
@@tksaint8429 yes he is. he’s worth 200 mil, she’s about 66 mil.
@@sashita17 yea whatever you're reading is obviously wrong cause idk any donut shop that is worth 200 mill other than like dunk in donuts.
He’s done ALL of that on his own at SEVENTEEN. 42%?!? Is she out of her MIND?!?
the way he said this is fun at 3:50 sounded so genuine
At 17 when not at school, it was home delivery services, & holidays, it was out in the fields & orchards, helping support a family, where both parents, had PTSD , which was intergenerational , from events in their lives - Great Depression, WW1 +WWII.
And to cite Gloria Ganor "I have Survived".
Good on the lad, and the Shark, for her mentorship - best deal 👍☺️👏