The idea is actually decent, I think they should have made a kit and add cameras that the owner puts inside the home, they should have also made it so the owner or seller could remotely open/ lock the door instead of a key that could be stolen or lost, I think if they have done that it would have be way better, also they should have made it so the seller/ shower can speak through speakers to the person looking at the home! I think that would be one of a kind experience, also there software should have high security
Yeah, and out of business, and now selling CBD Oil out of a shop. He wasn't able to sell Toor, and it was BECAUSE of the added feature of people being able to take a tour with out anyone else around. One shark even said, "the app lock thing already exists, but used by the agent!". The real estate agents dont like being cut out of a deal like that! For the agent, it's all about being there to make the sale.
@@nya5934 There has been many times where kevin has said the company would fail and was proven wrong though. He said "doorbot" would fail when the creator pitched it to the sharks, and now it's a billion dollar company known as "Ring".
that second guy was straight up going for Barbaras investment, he knew she would be the best investor for his product, he knew his audience and nailed it, even getting another shark in on it! Good on him!
@@Alex-ov7bm sometimes company’s don’t work out, that’s ok. Man has made a LOT of money in real estate though, some sources say he’s even crossed over $100,000,000 in sales in real estate alone.
He's just another snake oil sales guy, coming up with bogus arguments. Maybe that nonsense works in real estate, but I'm not surprised that his lock business failed!
@@xReapaking No idea about iPhone but literally looking at Android Play Store now and page after page of written reviews are 1 star. I actually love the idea so not hating on it but I was shocked to see at how poorly received it has been.
@@user-wz2fu4rx9ssmart people make no mistakes in your eyes? Even the greatest geniuses in human history had their lives littered with mistakes, i don't even agree with the guy since I don't know enough about the sharks to judge that, but your comment just made me very confused
@@user-wz2fu4rx9sthat still fits with the original comment, Kevin is the sharpest in business sense, so Mark having a dud business deal doesn’t make him less intelligent
@@luistiscarenoduque8041 nahh Chris sabotaged him, he never let it go&got a team of the smartest&pettiest people he could find on his payroll to brainstorm ideas all day to figure out how to ruin the company. This is canon.
I think the sharks knew picking him up would benefit them. Even if that business fails they know they have a great marketing guy for their other ventures.
@@xxefrainromanxxactually the deal never happened. After the show the deal was cancelled. And the product was never sold to the public. So basically that guy was was correct about the product. Since the company’s that are already in the real estate business quickly add that feature to their existing business. This made it so Juniors product never expended from the kickstarter
the confidence and creativity of the first sales pitch was amazing, it’s unfortunate they couldn’t get a deal but the amount of potential the sharks saw in it was visible in the tone of their voice and gestures. I hope those ladies are skiing well and have rebranded and sold a lot of sauce
They surely are. As kevin said, that business is probably not making it big but its most likely well enough for those ladies to live confortably off of what they do.
@@alexwindy3 my uncles friend ownes a siracha type sauce, really popular ina few places in Florida and that’s pretty much it. Guy doesn’t even live in Florida and he jus lives good off his mid level sauce business
It’s creative now to come up with a sauce? That’s really all it takes to be considered creative? Everyone’s grandma has a great sauce, they ain’t all that creative.
She wanted that deal bad and knew she had to keep pressuring him til he broke. Took 3x after they tried to keep asking him questions about the company.
robert and mark hit the nail on the head, he has a database company dependant on aggregating and updating information. the way the update and aggregate information worked is not scalable and there was nothing of value here since what was valuable they didnt have. also people that get scholarships at the value he did are highly correlated as well to being a good student, not necessarily looking more than others.
Mark and Robert's faces when Lori makes offer LMAO also Mark literally said "let me ask some important questions first" and she just ignored mark and still went on to her offer and tried to pressure him into immediately accepting.
Mark has literally done the same thing in another episode... he gave his offer at the beginning and told them that if Lori gets to make her offer, then his offer is off the table... it's not a pressure to accept, it's the shark tank, they are expected to make fast decisions
Kevin instantly wins the second he says “I didn’t see any of you put a DIME in it” The other sharks can squabble but at the end of the day, it’s the money that talks. Kevin’s right
No he doesn't, and that's part of Mark's point. He didn't invest because the issue is SCALE - i.e. it would be a profitable business for THEM (the owners) but not for the investors. Just because it's a (relatively) small business (and hence not investible), doesn't mean it's instantly doomed for failure. That's part of Daymon's point too: "It's her business, she can grow it and work on it but if I get in it'll be too much work for not much reward".
At the end of the day, there is competition among the sharks if they see something they want to be involved with. That's why Lori was pressuring him to decide right away without opening the door of opportunity for the others to get more info. After Raymond jumped in and matched, she agreed to partner with him jointly so long as he would close right away without further info being extracted.
Scholly guy was walking down the streets in the night alone and was being followed. It was Barbara, and she said, "You didn't answer Mark and Robert questions, and for that reason, I'm out!"
I think Kevin was right in the end. They should’ve offered him more than 40k. It’s the tech space. They choked him out on that number because they were just trying to scoop him up before the other offered him anything. Everybody was going to make an offer to him.
That's Christopher's fault not the sharks, business is business. First off he under valued his product, that's on him, no one else. No one is a victim here.
Nah I think the other sharks just like asking the entrepreneur all the questions and putting them under pressure. Theuly were saltt they couldn't do it on this guy
That's literally why they are sharks. You see a business with potential. The offer was only 40k for 15%. You have 2 tech related competitors. If you wanna seal the deal without spending more money, you come up with different ways. The other sharks literally expected "fair play" and "ethics". Is that how they made their money? Highly doubt it😂
I agree, but clearly the founder should have done a better job in making a solid ask.... at 40K at 15%, his valuation was only 266K. With almost 100K app bought @ .99 that would have been a 1 Million $ company at 10x multiple. He undervalued his company, Damon and Lori knew it so they pounced, Mark and Robert were worried about the technicals so they missed out.
Chris actually has the last laugh considering the guys now out of business ..Chris was right all they have to do is change the system so tht buyers can access the house themselves rather than the agents
@@wolvesbane1748 Apparently you missed Mark's point...which was that the technology doesn't currently exist, like Chris was saying it did. You acknowledge that fact in your own comment by saying they would need to change their system.
@@TheMattTrakker i disagree. You wouldn't change your kitchen just because it can't fit a new oven would it? You'd rather just get one separately and it'll be easier on the pocket as well. You should be looking at unique products with minimal competition and besides, i don't think I'd be more comfortable with just about anyone coming into my house with a tap, I'd rather have agents to make sure the house stays in good shape.
Lori and Damon liked the idea and wanted to close the deal ASAP due to the fear of Mark and Robert potentially investing more than what the entrepreneur initially had come in for. It wasn't a charity, it was an intimidation factor they used. Although they have no background in tech, it seemed like a pretty fascinating idea. Think of it as going all in on the first round of poker, before the deck is even dealt. you have 40% odds of winning considering they partnered up.
The deck was dealt. 92,000 downloads, Two web developers , 20,000 + scholarships in the data base and 1.3 million in proof of concept. Sounds like a dealt deck to me.
Kevin is my favorite Shark. He knows business isn’t applause. It’s return on investment. He’s brutally honest, which is better than telling people a lie while they pursue a business that isn’t going to improve their life.
Funniest part is with Scholly, I heard the idea and was like “I totally could’ve done that, if I were a shark, I’d make an offer right now, no questions asked.” Sure enough, Lori made the offer shortly after. I’m a junior in college right now and totally would’ve used this had I known about it before, probably will now. The guy made $92k just by gathering scholarship info into a database and charging a buck for access.
@@PhantomRing nope. He was exactly right. Tbh no listing company would actually prefer tours without the agent purely because of the safety issue and apart from that existing locks will do the exact same thing should they choose to do it, also with a much cheaper cost since they won't need a pop up mechanism.
For the last one I definitely see both sides of the argument. Some of them want to know how the app works and updates while Lori and Daymond felt like they knew enough to invest in it because they’ll be able to find the hiccups when they come along and I think both the ideas are valid
Nah Lori and daymond had no valid argument they were being bitches to the other sharks by pressuring him into doing a deal. They didn't even know how it worked how is that fair to the other sharks and even themselves
Kevin is sending bad juju. On the bbq sauce. I like that Mark was like stoppit right there, you need to chill businesses some times take time. He’s right WalMart got behind them. I’m glad Barbara made a point, everyone told her she would fail.
@@Kingofthenet2 Doesn't matter, it's still a view of someone worth millions. Business is about opportunity really. Bbq not sold well is not opportunity.
@@bobalbert4907 How is it still in business when the actual website has 2 products and they've both been unavailable to purchase for a long time now? The social media is also down and not active. He also does not promote it on his own freaking page, it's closed.
Of course. If it hasn't completely failed yet, it will soon. There are so many apps that allow you to lock and unlock doors from the other side of the planet. Why would anyone need this?
@@edanlattimorecomedy "Toor isn't available for purchase as of January 2023 According to the Shark Tank Blog recap of this product, the deal with Barbara Corcoran and Kevin O'Leary never closed. In 2018, inventor Junior Desinor shipped the boxes purchased from Kickstarter and partnered with Touch of Modern, but nothing came from it." Such a quick google shows you're 100% wrong.
Yes he was. They’re estimated to be worth about a million dollars, maybe they make 100-150k on that. Thats awesome for themselves as a small buisness it just isnt INVESTABLE. That’s what Mark was trying to get through to Kevins thick skull who wouldn’t let him talk. Some businesses are great for the owner to make a living for themselves but just don’t make sense to invest so Kevins point about why they didnt invest is invalid
He was wrong. Just because he can't invest in a business that doesn't mean it should be shut down. If they continue to make a livelihood for themselves then what's the problem?
For scholly, honestly even if the business does not work out, they basically gave him pocket change, like if a guy came up to me and asked me for 4 bucks
“I would rather work 80 hours a week to make 50k and work for myself, than have a 100,000$ job working for somebody else.” Not enough people have this mentality.
Kevin is like the leader of this pack. When everyone else make offer, he listen to it carefully. If its not a good offer for whatever the reason is, he will like remind them. He seems like a fair guy.
No... Lori And Daymond Made A Right Decision, Because They Want To Be Part In It, And Businessman Don't Want Copycat Arised They Prevent Any Crucial Informations Got Leaked! . Remember This Is Shark Tank, Not Charity Tank Each Five Of Them Will Do Anything Necessary For MONEY, Even If It's Copying Great Ideas That Doesn't Have Copyright
Chris was not wrong about the key lock thing... All they need to do with the already existing ones have remote access. Which would be a security risk tbh. I don't know how this company handled the security risks, like against the flipper device
I hated the Scholly one. Lori was being rude and Kevin was right, she basically shoved the deal down his throat. Not only was he prevented from giving any information, but she never gave him a chance to consider what was right for him. If her deal was truly the best, why did Lori have to force it on him so hard? Present the offer, then let him decide what is best for his business.
The second guy won as soon as the sharks started to defend his product. Hope that guy is super successful for this. It would’ve been really helpful when I was looking for my house
Chris hired a 20 employee team for the sole purpose to brainstorm and find out how did Toor manage to make that difference, and they still had to work for almost a year to find out how, thats what made his business go bankrupt, but even then, he bounced back with a net worth for over $10 million, with his shares valued for approximately $58.07 million...
Kevin is right on the first one, he told them straight up why he didn't see it working. The other sharks danced around the subject, talking about scale and not a good fit but acting like it has lots of room for them to grow. Yes, every once in a while a product like this will break through, but realistically if they're in over 100 Walmart and they are not selling more than two a week, no one wants it. They have a major branding issue that would take way more capital to fix than they have. Maybe the shark tank online boost is enough, but I wouldn't put money on it either.
Maybe I missed it but how long had they been in Walmart? I was under the impression that they had recently secured that contract, and that total or even YTD sales didn’t necessarily reflect projected annual sales revenues. I could be wrong.
As a software dev I can say the third business is a nightmare of an idea. Mark and Robert are absolutely right. They should've let him explain the algorithm.
Unless someone already has a scholarship database with an API, I don’t see how any algorithm can possibly keep over 20k scholarship details updated when the website for each one has the info formatted completely different from every other website. The 2 developer cofounders should have been there to field questions from mark and Robert the tech sharks.
I can understand both sides of the Scholly deal. They just wanted to know and be sure of what this whole thing entails , how it works behind the scenes , KNOW *WHAT THEYRE PAYING FOR!* I can see that Lori and Damon don’t need to be so ensured because it’s already enough for them and what COULD happen isn’t more important than what has ALREADY happened. They like what they see , don’t need to know any more and just want to get to work. Both sides are understandable.
Chris is right. All the existing lock boxes companies have to do is change their process so that the person buying the home can access the keys without a realtor. And they can just keep the existing boxes they currently use.
The reason I feel that Mark and Mike got annoyed by Lori and Damien is because everyone knew the potential of Scholly. They knew that an algorithm like Scholly has a potential to be more than just being a scholarship app. If they allowed the man to answer what the backend engine was about I'm sure the offers would have been more than Lori and Damien could or would be willing to offer. A hardware like that can be sold to other company's to the tones of aerotech or military compounds. Mike and Mark definitely got robbed of an opportunity that could potentially have done more. And I agree with Kevin where he told them that they basically forced the man to say yes without even letting him hear the other offers. In Lori and Damien's eyes this was an opportunity to good to let go.
“I would rather work 80 hours a week to make $50k and work for myself, than have a $75-100k job working for somebody else.” Yes! Me too. But the struggle of self employment isn’t for everyone. For some people, a paycheck is worth far more than the dollar amount written on the check. Stability can be priceless. My first business made massive profit, but I was crushed by anxiety and eventually I fell apart. I’m talking a full nervous breakdown. I needed to take a job for 3 years as I healed. After finally confronting my issues and truly healing, the anxiety is gone, and I absolutely love self employment! I can’t imagine working for someone else. And I’m making a 5th of what I did in my first business. I say all this because I know there are people out there struggling with anxiety, thinking there’s something wrong with them because they can’t handle the pressure of working for themselves. It isn’t for everyone. There’s absolutely nothing wrong with that. Peace of mind is worth far more to me than profit.
That 2nd guy had maxed charisma stats
But his idea sucks toor is out of business 🤣
So much that Barbara told him they were going to dinner.
The idea is actually decent, I think they should have made a kit and add cameras that the owner puts inside the home, they should have also made it so the owner or seller could remotely open/ lock the door instead of a key that could be stolen or lost, I think if they have done that it would have be way better, also they should have made it so the seller/ shower can speak through speakers to the person looking at the home! I think that would be one of a kind experience, also there software should have high security
Yeah, and out of business, and now selling CBD Oil out of a shop. He wasn't able to sell Toor, and it was BECAUSE of the added feature of people being able to take a tour with out anyone else around. One shark even said, "the app lock thing already exists, but used by the agent!".
The real estate agents dont like being cut out of a deal like that! For the agent, it's all about being there to make the sale.
@@pedoslayer275 they have a website and it’s still going.
Kevin really is a powerful uniting force, he unites everyone against him in a really effective way
🤣🤣🤣
He was right. The company failed and closed.
@@nya5934 There has been many times where kevin has said the company would fail and was proven wrong though. He said "doorbot" would fail when the creator pitched it to the sharks, and now it's a billion dollar company known as "Ring".
@@amaggard14he was the only one who gave doorbot an offer
@@nya5934 Which one?
I think Barbra was dead serious about dinner. 😂
Barbara finna get blacked 😂
I think Barbara's married. Oh, her husband better watch out. She likes to flirt with some of the contestants.
@@ivandoswrld597🤣
@@ivandoswrld597 what is that
@@ivandoswrld597 lol
that second guy was straight up going for Barbaras investment, he knew she would be the best investor for his product, he knew his audience and nailed it, even getting another shark in on it! Good on him!
sucks that they failed
@@smyrythey did?
@@JusOnHots they flopped pretty soon after shark tank
@@JusOnHotsyeah everything Chris said was right
It's all good though barbarba made her money back because the dude works for Barbara's real estate company as a senior manager
Junior was one of the best presenters I’ve ever seen on shark tank, props to him
@Cringe City Ok well they commented on Junior's presentation skills not sales.
@@eharlem3 ok well ultimately he failed
@@Alex-ov7bm sometimes company’s don’t work out, that’s ok. Man has made a LOT of money in real estate though, some sources say he’s even crossed over $100,000,000 in sales in real estate alone.
And he had great patience dealing with that dickhead Chris
He's just another snake oil sales guy, coming up with bogus arguments. Maybe that nonsense works in real estate, but I'm not surprised that his lock business failed!
"Shame on you! Where's your eject button?" Lori just killed Mr. Wonderful's rant with that line.
She just said what he said louder :/
@@bunjie51 yeah but he never said "wheres your eject button" did he?
@@syrup3586 you’re right you’re right
Kevin was right 100% here
Not really, it was just kinda funny
For those wondering, Scholly is still in business as of 2022/10 and doing quite well, so looks like Lori and Damon made the right choice
It is literally TANKING on Android so I am assuming the download numbers/reviews must be drastically different on iPhone.
@@greasyguido I don't know where you information is coming from but scholly is doing well on both platforms.
@@xReapaking No idea about iPhone but literally looking at Android Play Store now and page after page of written reviews are 1 star. I actually love the idea so not hating on it but I was shocked to see at how poorly received it has been.
@@houchi69 The recent reviews show up as 1 stars and 2 stars for me as well
@@shizzywizzy6169 it's 4.1 for me it might be bugged
Mark is really the smartest guy among the sharks. Kevin the sharpest pure businessman.
This isn’t a good example since mark was completely wrong about lock box
@@user-wz2fu4rx9show was he wrong
@@user-wz2fu4rx9ssmart people make no mistakes in your eyes? Even the greatest geniuses in human history had their lives littered with mistakes, i don't even agree with the guy since I don't know enough about the sharks to judge that, but your comment just made me very confused
@@belhinaniabdelkhalek6481 because lock box was a failure and ended up losing all its investors money
@@user-wz2fu4rx9sthat still fits with the original comment, Kevin is the sharpest in business sense, so Mark having a dud business deal doesn’t make him less intelligent
Felt really bad that Toor failed. But apparently Junior bounced back, his website states that as of 2020 he has multiple 7-figure businesses
He also works for Barbara
He had a great command of the room as a presenter. Immense charisma and social awareness.
Chris was damn right 😂
@@luistiscarenoduque8041Was he? I don't think he really knew what he was talking about
@@luistiscarenoduque8041 nahh Chris sabotaged him, he never let it go&got a team of the smartest&pettiest people he could find on his payroll to brainstorm ideas all day to figure out how to ruin the company. This is canon.
I love how everybody chewed Chris out . He was so dismissive and defensive from the beginning , and for no reason .
He ended up being right though, Toor is out of business.
@@MissAllWednesdaydamn deadass💀
@@MissAllWednesdayeven though he was right he was so obnoxious in his delivery
And he was right. Toor is dead.
@@Mhm-qi4rt because he knew he was right.
“wheres your eject button” lori killed me with that one 😂😂😂
and the look on his face like he got triggered. lmao
Btw what does it mean? Can you explain?
@@DaoistYeashikAli like a cartoon, you press a button and your chair get ejected flying into the air 🚀
A good way to lighten the mood a bit...
She didn't stfu
Chris sacca has the most fragile ego of anyone I've ever seen
facts
His Uber will make him re consider his ego now hahaha
@@RandomGuy-gb1hy I was gonna comment this but I knew someone was already informed haha 😂
Hel no mark Cubans way worse Dat why I thought is was funy watching da biggest crybabies batle lol
@@patrickduffy1886 Cuban's not worse bruh, Cuban ends up being proven right almost all of the time
I was literally amazed by the 2nd guy's abilities and then they also recognized it and I was like oh so I do know what a great salesman looks like 😂
I think the sharks knew picking him up would benefit them. Even if that business fails they know they have a great marketing guy for their other ventures.
@@xxefrainromanxx yup! he was a natural for sure.
. Q
@@xxefrainromanxxactually the deal never happened. After the show the deal was cancelled. And the product was never sold to the public. So basically that guy was was correct about the product. Since the company’s that are already in the real estate business quickly add that feature to their existing business. This made it so Juniors product never expended from the kickstarter
@@grishapatel1240waitttt why’d it get cancelled ??
To see them arguing shows how GENIUS this show is. Success is from similar but different mindsets, love to see the disagreements!
EXACTLY
Man, the way mark commands the respect by remaining silent and not speaking gibberish is something I would love to learn
Such a cool guy
Me too.
Scholly is crushing now.
The deal went through, my guy won Smithsonian award, covered in Forbes and is now worth $5 million as of 2022.
It has a lot of bad reviews doh
Still they put a 40k investment for 10% worth 5mil now thats 500k thats more than 10x return
If they partnered with Mark Cuban or Robert they would’ve made a lot more. Rob is a Canadian tech giant. And Mark speaks for himself.
Hope it’s around when my son gets older. I will definitely use it. If the check clears, I’m not phased by some tech issues
i love that for him
"People can't visually taste it." I get you, Daymond.
I had the same thought. 😉
I had the same thought. 😉
I had the same thought. 😉
the confidence and creativity of the first sales pitch was amazing, it’s unfortunate they couldn’t get a deal but the amount of potential the sharks saw in it was visible in the tone of their voice and gestures. I hope those ladies are skiing well and have rebranded and sold a lot of sauce
They surely are. As kevin said, that business is probably not making it big but its most likely well enough for those ladies to live confortably off of what they do.
@@alexwindy3 my uncles friend ownes a siracha type sauce, really popular ina few places in Florida and that’s pretty much it. Guy doesn’t even live in Florida and he jus lives good off his mid level sauce business
Creativity?? It's a sauce.
It’s creative now to come up with a sauce? That’s really all it takes to be considered creative? Everyone’s grandma has a great sauce, they ain’t all that creative.
@@GeddyRC does ya grandma know how to do all that branding though?
The Scholly one was hilarious, I’ve never seen all of them get so excited to invest in an idea immediately
" I'm sohrry " - Kevin
I forget he's Canadian. 😂😂😂
Ya I'm sure you knew Ryan Gosling or Ryan Reynolds were Canadians based on their accents lol
@@zartic4life No, we know because Ryan is a Canadian name
@@gistfilm Its an English name lol
@@zartic4life English is a name too ;)
@@gistfilmit's English, you simpleton.
"he already died cause you choked him on the 40 thousand" LMAO
She wanted that deal bad and knew she had to keep pressuring him til he broke. Took 3x after they tried to keep asking him questions about the company.
Scholly is genius!!! It’s super tedious looking for scholarships to amount to a full ride so this is perfect! One stop one shop!
robert and mark hit the nail on the head, he has a database company dependant on aggregating and updating information. the way the update and aggregate information worked is not scalable and there was nothing of value here since what was valuable they didnt have. also people that get scholarships at the value he did are highly correlated as well to being a good student, not necessarily looking more than others.
29:53 That reaction Robert, Kevin, and Mark gave when Lori and Daymond got the deal with Scholly killed me 😂😂😂
They look disgusted 😭😭😭
15% for 2 sharks is a good deal.
I love when these guys argue over stuff. Its nice seeing the different thought processes and opinions differ so much from successful people
Facts
8:50 lol Daymond is just chilling in between the two of them 😂
Mark and Robert's faces when Lori makes offer LMAO also Mark literally said "let me ask some important questions first" and she just ignored mark and still went on to her offer and tried to pressure him into immediately accepting.
Mark has literally done the same thing in another episode... he gave his offer at the beginning and told them that if Lori gets to make her offer, then his offer is off the table... it's not a pressure to accept, it's the shark tank, they are expected to make fast decisions
true
@@nonenone6566 that’s different, listening to other offers is different to mark asking important questions about the tech
Lori was a FIRST CLASS b----h. Lost all respect for her.
Kevin instantly wins the second he says “I didn’t see any of you put a DIME in it”
The other sharks can squabble but at the end of the day, it’s the money that talks. Kevin’s right
No he doesn't, and that's part of Mark's point.
He didn't invest because the issue is SCALE - i.e. it would be a profitable business for THEM (the owners) but not for the investors. Just because it's a (relatively) small business (and hence not investible), doesn't mean it's instantly doomed for failure.
That's part of Daymon's point too: "It's her business, she can grow it and work on it but if I get in it'll be too much work for not much reward".
Wrong try again Mr Potato.
I'm not gonna reiterate what the guy above me said, but nah.
exactly . They were all on then lady’s side but nobody gave them an offer
Wrong.
Lol at Lori pressing Kevin's eject button!
At the end of the day, there is competition among the sharks if they see something they want to be involved with. That's why Lori was pressuring him to decide right away without opening the door of opportunity for the others to get more info. After Raymond jumped in and matched, she agreed to partner with him jointly so long as he would close right away without further info being extracted.
Scholly guy was walking down the streets in the night alone and was being followed. It was Barbara, and she said, "You didn't answer Mark and Robert questions, and for that reason, I'm out!"
😂
I think Kevin was right in the end. They should’ve offered him more than 40k. It’s the tech space. They choked him out on that number because they were just trying to scoop him up before the other offered him anything. Everybody was going to make an offer to him.
yup
That's Christopher's fault not the sharks, business is business. First off he under valued his product, that's on him, no one else. No one is a victim here.
Nah I think the other sharks just like asking the entrepreneur all the questions and putting them under pressure. Theuly were saltt they couldn't do it on this guy
That's literally why they are sharks. You see a business with potential. The offer was only 40k for 15%. You have 2 tech related competitors. If you wanna seal the deal without spending more money, you come up with different ways. The other sharks literally expected "fair play" and "ethics". Is that how they made their money? Highly doubt it😂
I agree, but clearly the founder should have done a better job in making a solid ask.... at 40K at 15%, his valuation was only 266K. With almost 100K app bought @ .99 that would have been a 1 Million $ company at 10x multiple. He undervalued his company, Damon and Lori knew it so they pounced, Mark and Robert were worried about the technicals so they missed out.
Mark had him when he asked him “if I want it right now who do I call?”
He stopped mid sentence😂
Chris actually has the last laugh considering the guys now out of business ..Chris was right all they have to do is change the system so tht buyers can access the house themselves rather than the agents
@@wolvesbane1748 mark actually had the last laugh, he's wealthy and didn't invest in it 🤣
@@wolvesbane1748 Apparently you missed Mark's point...which was that the technology doesn't currently exist, like Chris was saying it did. You acknowledge that fact in your own comment by saying they would need to change their system.
@@TheMattTrakker i disagree. You wouldn't change your kitchen just because it can't fit a new oven would it? You'd rather just get one separately and it'll be easier on the pocket as well. You should be looking at unique products with minimal competition and besides, i don't think I'd be more comfortable with just about anyone coming into my house with a tap, I'd rather have agents to make sure the house stays in good shape.
@@dominelasso6454 Same with Chris
Lori and Damon liked the idea and wanted to close the deal ASAP due to the fear of Mark and Robert potentially investing more than what the entrepreneur initially had come in for. It wasn't a charity, it was an intimidation factor they used. Although they have no background in tech, it seemed like a pretty fascinating idea.
Think of it as going all in on the first round of poker, before the deck is even dealt. you have 40% odds of winning considering they partnered up.
Good analogy
Go Leafs!
I believe they both smart.. Mark and Robert are just pained that they won the partnership over them
The deck was dealt. 92,000 downloads, Two web developers , 20,000 + scholarships in the data base and 1.3 million in proof of concept. Sounds like a dealt deck to me.
2 partners doesn’t bring it up from 20 to 40%
Kevin is my favorite Shark. He knows business isn’t applause. It’s return on investment. He’s brutally honest, which is better than telling people a lie while they pursue a business that isn’t going to improve their life.
Absolutely I like someone who isn’t going to BS me and tell me like it is💯
Also never gets offended when someone doesn’t accept his deal, he’s firm as hell
Hes also a scammer
@@Sal13414How’s he a scammer?
@@joeydoherty368 he agrees with Sam Bankman-Fried and has killed people before (supposedly)
Funniest part is with Scholly, I heard the idea and was like “I totally could’ve done that, if I were a shark, I’d make an offer right now, no questions asked.” Sure enough, Lori made the offer shortly after. I’m a junior in college right now and totally would’ve used this had I known about it before, probably will now. The guy made $92k just by gathering scholarship info into a database and charging a buck for access.
I went to try and use it cause I'm an undergrad and the app is a mess.
@@crazychris1123still worked so apparently other people were able to figure it out
21:40 Mark won the argument with that question alone. Hurt Chris's ego too which was fun to watch lol
That's when he realized he was wrong and still tried to look for an excuse :D hahha
@@reich3113 except in reality he ended up being right
@@thedeparted8390 he ended up being right for ZERO of the reasons he brought up 💀
@@PhantomRing nope. He was exactly right. Tbh no listing company would actually prefer tours without the agent purely because of the safety issue and apart from that existing locks will do the exact same thing should they choose to do it, also with a much cheaper cost since they won't need a pop up mechanism.
@@joshdunham7167 You are right but his reasoning wasn't good tbh
"He was 99 cents an app he downloaded 92000" lmaoooo gets me everytime
Damon is that you
For the last one I definitely see both sides of the argument. Some of them want to know how the app works and updates while Lori and Daymond felt like they knew enough to invest in it because they’ll be able to find the hiccups when they come along and I think both the ideas are valid
Nah Lori and daymond had no valid argument they were being bitches to the other sharks by pressuring him into doing a deal. They didn't even know how it worked how is that fair to the other sharks and even themselves
Kevin is sending bad juju. On the bbq sauce. I like that Mark was like stoppit right there, you need to chill businesses some times take time. He’s right WalMart got behind them.
I’m glad Barbara made a point, everyone told her she would fail.
Agreed. Kevin’s attitude in that one was out of line
@@Kingofthenet2 Doesn't matter, it's still a view of someone worth millions. Business is about opportunity really. Bbq not sold well is not opportunity.
For those wondering, Toor sadly failed and is no longer in business
wow all that arguing 💀
Thats not true. Toor is still in business
still in business but failed to close the deal as toor failed to meet the contingency
@@bobalbert4907 How is it still in business when the actual website has 2 products and they've both been unavailable to purchase for a long time now? The social media is also down and not active. He also does not promote it on his own freaking page, it's closed.
Of course. If it hasn't completely failed yet, it will soon. There are so many apps that allow you to lock and unlock doors from the other side of the planet. Why would anyone need this?
haha "where's your eject button" so funny!
His hair got ejected but the rest of him is still there
The funny part is that Chris was right. Toor went out of business almost immediately after the pitch.
No fricking way 😂😂😂
Such a quick google shows this isn’t true
@@edanlattimorecomedy oh really? So how much have they made this year then?
@@edanlattimorecomedy Literally the first results on google show that Toor went out of business
@@edanlattimorecomedy "Toor isn't available for purchase as of January 2023
According to the Shark Tank Blog recap of this product, the deal with Barbara Corcoran and Kevin O'Leary never closed. In 2018, inventor Junior Desinor shipped the boxes purchased from Kickstarter and partnered with Touch of Modern, but nothing came from it."
Such a quick google shows you're 100% wrong.
9:55 Lori: Where's your eject button?😂
Exactly what I was coming to comment u beat me into it
"Nice hand shake!" "Nice suit!" 😍 Go Barbara! 😉😊
Licks lips 😂
Kevin wasn’t wrong on the first one
Yeah, I agree.
You can have a brilliant product but it will most likely never get big.
Yes he was. They’re estimated to be worth about a million dollars, maybe they make 100-150k on that. Thats awesome for themselves as a small buisness it just isnt INVESTABLE. That’s what Mark was trying to get through to Kevins thick skull who wouldn’t let him talk. Some businesses are great for the owner to make a living for themselves but just don’t make sense to invest so Kevins point about why they didnt invest is invalid
Kevin really isn't wrong on many issues. He's just not polite.
He was wrong. Just because he can't invest in a business that doesn't mean it should be shut down. If they continue to make a livelihood for themselves then what's the problem?
5:10 The reaction of every shark when one of them start a monologue 😂 especially Mark and Kevin
For scholly, honestly even if the business does not work out, they basically gave him pocket change, like if a guy came up to me and asked me for 4 bucks
Lol 'where's your eject button?!' was such an adorable line!!!!!!!👇👇
“I would rather work 80 hours a week to make 50k and work for myself, than have a 100,000$ job working for somebody else.”
Not enough people have this mentality.
Kevin is like the leader of this pack. When everyone else make offer, he listen to it carefully. If its not a good offer for whatever the reason is, he will like remind them. He seems like a fair guy.
💀
Bro he is notorious for giving royalties and slimy deals
Daymond's chuckle at 0:45 is now my text-alert tone
That last deal, they saw it as cheap 40k for a great idea without knowing how exactly it function.
They call that donation.
@@diogo082 Nope.
No... Lori And Daymond Made A Right Decision, Because They Want To Be Part In It, And Businessman Don't Want Copycat Arised
They Prevent Any Crucial Informations Got Leaked!
.
Remember This Is Shark Tank, Not Charity Tank
Each Five Of Them Will Do Anything Necessary For MONEY,
Even If It's Copying Great Ideas That Doesn't Have Copyright
"Shame on you. Where's your eject button." Lori's so great.
22:35 Chris clearly doesn't realize that not everyone is rich and has a realtor in their back pocket, whenever they are shopping for a home smh🤦♀️
Yeah he fails to understand most of the lock are and will be for years to come traditional keys. His loss and I can't wait to see an update on this.
It failed …
Chris really tried to argue with someone who is in the real estate industry. He got lucky with the money he made for sure.
And has virtually killed the company he created
@@brendonborrego4911 wdym
@@cataleyahennessy2284 I had Chris confused with the GoPro founder. He actually has decent credentials to be on shark tank.
Looks like he turned out to be right at the end of the day. The company doesn’t seem to exist
Turned out Chris was right and the real estate agent wasn't.
Chris is def that guy in the friend group that everyone low key hates.
I mean Chris was right and that company went out of business. Mark was wrong so
@@jeremiahG4 Mark was not wrong...he said the technology didn't exist at that time. Why do people have such a hard time with critical thinking.
@@TheMattTrakker The tech did exist. It's actually sad how hard you simp for a billionaire
The way the sharks AND the Toor guy all jumped on Chris’s head LMFAO.
1:51 When that sauce hits
Daddy Warbucks in the fake cowboy shirt had me cracking up....🤣
The Sharks in tech wanted to hear how the Scholly algorithm worked, but Daymond and Lori denied them from hearing that knowledge.
what's wrong with that?
@@domq1543 so they dont make a deal lol
"Where is your eject button" got me giggling good there
Chris was not wrong about the key lock thing... All they need to do with the already existing ones have remote access. Which would be a security risk tbh. I don't know how this company handled the security risks, like against the flipper device
I hated the Scholly one. Lori was being rude and Kevin was right, she basically shoved the deal down his throat. Not only was he prevented from giving any information, but she never gave him a chance to consider what was right for him. If her deal was truly the best, why did Lori have to force it on him so hard? Present the offer, then let him decide what is best for his business.
She was being cutthroat 😂
Barbara on the second guy: He's too handsome, and for that reason I'm out
0:32 his face as me dead 💀💀💀
The second guy won as soon as the sharks started to defend his product. Hope that guy is super successful for this. It would’ve been really helpful when I was looking for my house
Sadly they are out of business
There out of business the guy was right there's already companys like that
The company failed.
@@nya5934but he does now have a senior job with Barbras company now
1:13 ayo daemon🤨🤨🤨🤨
Out of all these businesses
TOOR was the only one that went out of business
Chris hired a 20 employee team for the sole purpose to brainstorm and find out how did Toor manage to make that difference, and they still had to work for almost a year to find out how, thats what made his business go bankrupt, but even then, he bounced back with a net worth for over $10 million, with his shares valued for approximately $58.07 million...
Kevin is right on the first one, he told them straight up why he didn't see it working. The other sharks danced around the subject, talking about scale and not a good fit but acting like it has lots of room for them to grow. Yes, every once in a while a product like this will break through, but realistically if they're in over 100 Walmart and they are not selling more than two a week, no one wants it. They have a major branding issue that would take way more capital to fix than they have. Maybe the shark tank online boost is enough, but I wouldn't put money on it either.
Maybe I missed it but how long had they been in Walmart? I was under the impression that they had recently secured that contract, and that total or even YTD sales didn’t necessarily reflect projected annual sales revenues. I could be wrong.
Chris Sacca is a guy who got lucky and cannot comprehend basic ideas properly
Mark got lucky too lol
@@nekotfarmer how about uber?
I love Lori said "where is your eject button? then proceed pressing Kevin's chair"...that's damn funny
31:36 Mark went full British there for a second
As a software dev I can say the third business is a nightmare of an idea. Mark and Robert are absolutely right. They should've let him explain the algorithm.
They made money of the investment regardless
honestly i love mark he’s so for the people a really stand up guy fr
Unless someone already has a scholarship database with an API, I don’t see how any algorithm can possibly keep over 20k scholarship details updated when the website for each one has the info formatted completely different from every other website.
The 2 developer cofounders should have been there to field questions from mark and Robert the tech sharks.
Agree, thats why the other sharks wanted to know the details. It seems like too good to be true for 40k considering they had gotten 92k revenue
Lmao he asked Chris where he’d seen the lockbox tech before like six times and all Chris could do was stutter.
Chris’ last remark to Mark was savage hahaha. He’s right though though
Chris is the definition of a true hater. Contra to Toor. Flawless presentation.
he's right tho
He makes a really good point and anyway he probably knows more than all the other sharks about that kind if technology
I can understand both sides of the Scholly deal. They just wanted to know and be sure of what this whole thing entails , how it works behind the scenes , KNOW *WHAT THEYRE PAYING FOR!*
I can see that Lori and Damon don’t need to be so ensured because it’s already enough for them and what COULD happen isn’t more important than what has ALREADY happened. They like what they see , don’t need to know any more and just want to get to work.
Both sides are understandable.
Daymond.
You cannot outtalk Lori 😂😂😂😂
Chris is right. All the existing lock boxes companies have to do is change their process so that the person buying the home can access the keys without a realtor. And they can just keep the existing boxes they currently use.
I mean the guys company is out of business so lmao Chris was definitely right😂
@@wolvesbane1748 🤣 exactly
@@wolvesbane1748Why are you lying? Toor is still an active company.
@@StarKing0312 What makes you think that? There is a website, but everything appears to be "unavailable" indefinitely
@@wolvesbane1748you don’t know that. They could’ve sold their rights to a real estate company and it got rebranded.
And the legends say that Lori and Daymond are still sitting there on the set thinking they did great by investing in Scholly😂
Yeap the app as of 2022 had 4 million users at 99 cents do the math. A 20 k investment was great.
I’d bullshit my way on this show just to see them argue ten feet away from me
Kevin is the Kanye of this show I love it😂
Is telling mark how he wondered how he “made all that money” supposed to me an insult 😂
Be*
I love it when the Sharks argue with each other 🤣🤣🤣🤣 feel the toxicity around you. Let hatred overcome you. Breathe it, smell it. Be one with it.
Lmao yesss bask in the glory of first world rich people problems ~
@@1rage17so true
Daymonds facial expressions from 8:34 onward 🤣
2nd dude is an insanely good salesman, professional but personable
The 1st one. I love how they all just stood up to Kevin.
Junior cooked chris. Chris rlly thought he knew everything about lock boxes 😂
More of this. Rich people fighting about who is smarter and thus richer
While you live in your moms basement
Mark was feeling that breakfast lunch and dinner line 😂😂😂😂
"Do you want your punishment now or later" - love it
The look from Daymond at the end of the last one says it all. You can actually see him come to the realization that he acted on emotion.
Wrong
Chris is such a arrogant person he asks a question and when people are answering him he interrupts them.
And he literally couldn’t answer Mark’s questions without jumping to insults because he didn’t actually have a legit answer because he was WRONG.
The reason I feel that Mark and Mike got annoyed by Lori and Damien is because everyone knew the potential of Scholly. They knew that an algorithm like Scholly has a potential to be more than just being a scholarship app. If they allowed the man to answer what the backend engine was about I'm sure the offers would have been more than Lori and Damien could or would be willing to offer. A hardware like that can be sold to other company's to the tones of aerotech or military compounds. Mike and Mark definitely got robbed of an opportunity that could potentially have done more. And I agree with Kevin where he told them that they basically forced the man to say yes without even letting him hear the other offers. In Lori and Damien's eyes this was an opportunity to good to let go.
hardware? military and aerotech? for what to look for a scholarship.
“I would rather work 80 hours a week to make $50k and work for myself, than have a $75-100k job working for somebody else.” Yes! Me too. But the struggle of self employment isn’t for everyone. For some people, a paycheck is worth far more than the dollar amount written on the check. Stability can be priceless.
My first business made massive profit, but I was crushed by anxiety and eventually I fell apart. I’m talking a full nervous breakdown. I needed to take a job for 3 years as I healed.
After finally confronting my issues and truly healing, the anxiety is gone, and I absolutely love self employment! I can’t imagine working for someone else. And I’m making a 5th of what I did in my first business.
I say all this because I know there are people out there struggling with anxiety, thinking there’s something wrong with them because they can’t handle the pressure of working for themselves. It isn’t for everyone. There’s absolutely nothing wrong with that. Peace of mind is worth far more to me than profit.
9:54 “Shame on you. Where is your eject button”? 😂
They are all talking over each other but still listening very well. It's actually really intertaining
Them arguing is better than the actual show