@@hector5749 "I will berate you for what the algorithm recommends to you. That bad thing never happens to me. I am so great and so much better than you"🤓 That's you. That's what you look like and sound like
@@mrhumble2937 sure, but to not be profitable for the foreseeable future and only offer 3% at such a huge valuation seems like a risky move for shark tank. Setting themselves up for failure imo
Well TBF he only makes $3.50 or so per which is awful margins. Whole product is just garbage in general, I can get so much bread for their pricepoint OR make my own lmfao.
Right I thought he was listening then at the end he’s just like “man I have no idea why they don’t want to invest in my company that does nothing but lose money”
- Multinational companies ruin people's lives by making unhealthy products and we have a mission to improve people's lives! - My exit strategy is to sell this to a multinational company LMAO
Barb actually didnt say anything wild this time. She was right.. this isnt a product, its a cause. And they will never be able to scale to the heights they want that way
She is one of the most sane sharks on the show. That’s why people give her crap. She’s not just there to market herself or to make the show look good. All she cares about is making wise investments. She’s blunt, and she’s just looking to make money. That’s it. Straight to the point.
These two epitomize all that’s wrong with former corporate employees trying to make their own business (they want to start at the top instead of generating sustainable cash flow). The jargon alone was disqualifying
"We are digital marketing experts" was where it rang alarm bells for me. They may be experienced in delivery but have no clue about how to run a business. I would say I am now an expert after 8 years in a high intensity agency and have done a number of qualifications in business theory and then helping clients with business strategy. It's insane how many clients struggle to run businesses let alone the people who do delivery of marketing and then claim they are "marketing experts"
“Your product is great, the business is horrible.” - Sharks “I don’t understand what these guys had for breakfast this morning our product is great and they dont see that.” - Pitch Some people have no ears.
I'm so sick of this type of product. Take a market staple product, make it ridiculously overpriced and add buzzwords to attract people with more money than sense. Come onto sharktank, give yourself an overinflated valuation, then be unprepared to explain how you're going to handle high shipping costs of food while also differentiating yourself from the 50,000,000 other gimmicky buzzword food products that come out each year.
Or you don't eat a lot of bread? Mind you I'm nobody to talk, I spend on quality food...other than bread where I buy the cheapest loaf in the store lol.
True. Some small families and single people cant finish a whole loaf of bread. That being said $12 is a very niche market. Unless they got into whole foods or trader joes etc, they will struggle.
I know!! This couple is ridiculous!! It is irritating and annoying when these entrepreneurs come out with the most ridiculous and asanine evaluations with no profitability, an excessive loss and no time frame to become profitable! The sheer audacity is detestable!
They wanna help the planet and people’s health…then proceed to charge $12 for a small ahh loaf. Many people, specifically the US, who have health issues like diabetes and whatnot, are in low income households. I doubt they would entertain a $12 load of bread when many Americans struggle with buying enough groceries, especially now. They’re helping no one with those prices.
Agreed wholeheartedly. It's such a shame food is so trash AND expensive nowadays. We would be so much healthier if good food was accessible to all societal classes. I would love to be able to afford healthy food, but I just can't do it in bulk or often.
So let me get this straight - no net profit - loses over $1 million - CAC is almost 4-5 times the cost of the product - values business $16.6 million Yep they’re fully out of their minds
$12.00 for that piece of bread 😢😢. I buy Ezekiel bread, it is a regular pound of bread that costs only $8.00. It is also made from organic, sprouted whole grains and legumes.
Can someone explain how they even got that many sales in the first place? 2.2m was it? How can such product sell relatively well but still go out of business?
Simple - spend so much on digital advertising to drive sales to the point of an unbelievable CAC. Businesses do that all the time, and then fold like losers.
Advertisements cost money, if you advertise to get a lot of customers you also have to pay for each of those, specially if youre a new business and people still dont know you. In order for this to work your customers have to be recurring and buy from you again. In this case they werent.
That he has way more potential than you and although the business isn’t profitable yet his business has brought in more money than you’ll ever make in your life
They live in la la land. A bigger concern is income inequility. The poorer your middle class becomes, it will be more difficult for makers of high end products survive. Great for dollar stores and Walmart
They said it themselves, they're "Brand Builders" that's why they speak & using fancy words like Barbra said. They can sell & promote brands ya, but they don't know how to operate a business.
When are you profitable? The future at a certain point What's the model? We're good at marketing How do you make money?! We make bread at a loss Worse answers ever....
Their valuation was based on their sharp growth in sales and the market potential but never on profitability. This guy doesn't understand numbers and he really needed a partner to fill that gap. I only wish they'd asked him why does it cost too much to produce a loaf of bread. If he managed to bring his cost per loaf down to $2 and switched to retail instead of paying $50 on customer acquisition, he would've done extremely well.
They said they’re experts at digital marketing. Shark tank literally posted them for free… 😏 they never had an intention of acquiring an investor at that point lol
The SECOND I heard that that loaf of bread cost $12, I knew they werent going to get a deal. There isn’t a bread good enough in the world to make me pay that much.
The masses are tired of paying outrageous prices for healthy food options. If bread is that important that you’re willing to shell out 12 bucks just bake you’re own healthy version
The big companies lose a lot to start thats why it never bothers mark. Uber was burning millions or millions had to keep getting investors money. Then scaled.
He gave a speech about being authentic and real and fresh and then went on to say that he wants to sell it to a multinational!! What!!?? Where did your cause go!?
it's always funny to see one of those companies that promise they want to save humanity and change the world but they have the most expensive product on the market. These people have zero contact with reality
I think they went opposite on what they should have done. You create a great product, build a following and grow (and be profitable). They however made a product and tried to aquire customers.. and grow too fast.. whos paying $12 for bread other than health nuts.
There are people who come on here that are great inventors that don’t know the business side. This was the opposite. If you have a business and say casually”we were net negative 1 million dollars “ without any emotion, you need your head examined. Running a successful business takes equal parts innovation and common sense.
This went out of business. If your dad was given 4 weeks to live and survived, it's not coz of this $12 bread. When the doctor warns like this, people stop all their bad habits and practice healthy options in all ways.
These two sound like every 'influencer' on my LinkedIn Feed
Exactly 🤣🤣
Your linkedin sounds miserable. I have not had any influencer in my feeds. Then again, I do not follow or engage with them. Sounds like you do.
Or he's connected to people who do.. linkedin shows you everytime one of your connections like anything
@@hector5749 "I will berate you for what the algorithm recommends to you. That bad thing never happens to me. I am so great and so much better than you"🤓
That's you. That's what you look like and sound like
Tik Tok generation.
Bread Man: *Loses $1,000,000 in his business.*
Also Bread Man: *The sharks are out of their minds not to invest!*
Yes he really messed up saying they are out of their minds
Amazon lost money ~25 straight years before they came profitable.
@@MultiJejje Comparing any company like this to Amazon isn't a good comparison but yes, many companies burn money for many years.
@@MultiJejjeeven in 5-10 years down the line no way I'm spending 12 fkin dollars on bread ..and don't compare everything to amazon
@@MultiJejje Amazon is a tech company. It means they could scale up without increasing their administrative expenses, which they did.
It’s strange when a company that isn’t profitable comes in asking for a huge valuation and offering such a small percentage
Some companies that's normal tho
@@mrhumble2937 sure, but to not be profitable for the foreseeable future and only offer 3% at such a huge valuation seems like a risky move for shark tank. Setting themselves up for failure imo
@@mjcgreatness yea agree there.
All new episodes are like this. I believe producers tell them to come in with these valuations because they get more views online
@@BestOfTate23 No way. Why would a smart business owner ever do that?
This guy was so full of crap. “Our gen 2 packaging!” He was making stuff up at this point
They went out of business in March of 2023, if any one was wondering.
Yay
Dudes head was too far up his a**
That's this year and this month
@@batmang9014 I’m sorry, I meant March of 2023.****
A small loaf of bread for $12.00 is crazy
Middle/lower class people are not going to spend $12 on a tiny loaf of bread. Are these people really that disconnected from reality?
He also works for P&G, which owns 30%-40% of the market on everything from toothpaste to cereal
@@rivalstorm120worked* past tense
Absolutely
Its pretty cheap
I would not spend 12 dollars on a bread even if i am a billionaire
“It’s not about the money”
**sells tiny loaf of bread for $12**
😂😂😂
It was all about money. I could see through all their bs.
😂😂😂😂😂😂
it’s about our crust 😂
@@joesmith-em2cd what business isn’t about the money 💀
Well TBF he only makes $3.50 or so per which is awful margins. Whole product is just garbage in general, I can get so much bread for their pricepoint OR make my own lmfao.
Can tell he completely missed what the sharks said at the end, it’s not about the health aspect but the costs to acquire a single customer
I'd have liked to know his customers life time value.
Right I thought he was listening then at the end he’s just like “man I have no idea why they don’t want to invest in my company that does nothing but lose money”
The answer to eating to much white bread that isn’t healthy isn’t to buy a 12 dollar loaf instead, it’s to just stop eating bread
Or buy full grain bread with a good amount of fiber. Here in Norway it costs 2 USD
Like me
@@monzerfaisal3673you can buy a loaf of full grain bread for 2 USD in Norway? In the USA it’s twice that much that on the low end 🥲
@monzerfaisal3673 for a lot of people it's about gluten and grain intolerance
@@JickFincter it’s called natural selection my gluten free friend
- Multinational companies ruin people's lives by making unhealthy products and we have a mission to improve people's lives!
- My exit strategy is to sell this to a multinational company
LMAO
Barb actually didnt say anything wild this time. She was right.. this isnt a product, its a cause. And they will never be able to scale to the heights they want that way
She is one of the most sane sharks on the show. That’s why people give her crap. She’s not just there to market herself or to make the show look good. All she cares about is making wise investments. She’s blunt, and she’s just looking to make money. That’s it. Straight to the point.
No cube of bread ever changed someone's health, unless they choked on it.
Healthy bread exists for an entire loaf for half the price of this.
Where is your scientific study comparing this bread to typical processed bread
@@CoercedJab The last place anyone would look.
These two epitomize all that’s wrong with former corporate employees trying to make their own business (they want to start at the top instead of generating sustainable cash flow). The jargon alone was disqualifying
"We are digital marketing experts" was where it rang alarm bells for me. They may be experienced in delivery but have no clue about how to run a business. I would say I am now an expert after 8 years in a high intensity agency and have done a number of qualifications in business theory and then helping clients with business strategy. It's insane how many clients struggle to run businesses let alone the people who do delivery of marketing and then claim they are "marketing experts"
Exactly why I'm learning off from this both investors 🦈 and entrepreneurs on the dos and don'ts of business and company startups.
I'm at 30 seconds in and already bet they don't get a deal. 500k for 3%? Clearly there just for exposure.
"Bro you are crazy not to invest in the idea of my bread" - that guy prob
Pretty much what he said at the end @robotpanda77
“Your product is great, the business is horrible.” - Sharks
“I don’t understand what these guys had for breakfast this morning our product is great and they dont see that.” - Pitch
Some people have no ears.
One of the worst valuations I've ever seen
You can always strike a chord with Mark if you tell him you did door to door sales.
Those owners are delusional 😂
Emma's face at 3:14 said it all... Just mumbo jumbo verbal diarrhea
haahhahahaahhahahah
I'm so sick of this type of product. Take a market staple product, make it ridiculously overpriced and add buzzwords to attract people with more money than sense. Come onto sharktank, give yourself an overinflated valuation, then be unprepared to explain how you're going to handle high shipping costs of food while also differentiating yourself from the 50,000,000 other gimmicky buzzword food products that come out each year.
They were not expecting that ending by mark😂😂. And these entrepreneurs were definitely not ready for a deal 😂😂😂
12 dollars for a loaf of bread that we have to manually slice into 8 pieces, holy damn what were they smoking
10th like
Never been poor before
Go to any northern or Scandinavian countries in EU, you'll get full loaf of healthy bread for 3 bucks
Same in the Netherlands, Germany, Austria, etc. From experience, I think many Americans don't really know what good bread is.
You've got to be pretty well of if you spend 12 bucks on half a loaf of bread.. In my family we go through 2 full loaves every morning 🤣
Yup. We just make our own bread now. I would never buy this product
Or you don't eat a lot of bread? Mind you I'm nobody to talk, I spend on quality food...other than bread where I buy the cheapest loaf in the store lol.
True. Some small families and single people cant finish a whole loaf of bread. That being said $12 is a very niche market. Unless they got into whole foods or trader joes etc, they will struggle.
Lost 1 million but value the company at more than 16 million😂🤡🤡
I know!! This couple is ridiculous!! It is irritating and annoying when these entrepreneurs come out with the most ridiculous and asanine evaluations with no profitability, an excessive loss and no time frame to become profitable! The sheer audacity is detestable!
They wanna help the planet and people’s health…then proceed to charge $12 for a small ahh loaf. Many people, specifically the US, who have health issues like diabetes and whatnot, are in low income households. I doubt they would entertain a $12 load of bread when many Americans struggle with buying enough groceries, especially now. They’re helping no one with those prices.
Exactly
Agreed wholeheartedly. It's such a shame food is so trash AND expensive nowadays. We would be so much healthier if good food was accessible to all societal classes. I would love to be able to afford healthy food, but I just can't do it in bulk or often.
The chewing/spongey factor was not designed on purpose folks
Looks like uprising food didn’t make any bread that day
So let me get this straight
- no net profit
- loses over $1 million
- CAC is almost 4-5 times the cost of the product
- values business $16.6 million
Yep they’re fully out of their minds
That “oh” at 10:00 🤣🤣🤣
$12.00 for that piece of bread 😢😢.
I buy Ezekiel bread, it is a regular pound of bread that costs only $8.00. It is also made from organic, sprouted whole grains and legumes.
Regular loaf of bread is a dollar.
Dave’s is another at that price point, and well worth it.
only $8
@@nikibowe yes
@nikibowe
To be exact, $ 7.39.
And it's really delicious.
Can someone explain how they even got that many sales in the first place? 2.2m was it? How can such product sell relatively well but still go out of business?
Simple - spend so much on digital advertising to drive sales to the point of an unbelievable CAC. Businesses do that all the time, and then fold like losers.
Advertisements cost money, if you advertise to get a lot of customers you also have to pay for each of those, specially if youre a new business and people still dont know you. In order for this to work your customers have to be recurring and buy from you again. In this case they werent.
Imagine asking for half a mil for 3% and having no clue when your company will be profitable. Like no projections at all for reaching profitability!?
Dude the post-pitch interview that guy wasnt listening to a word any of them said!
I wonder what she sees in him
I think she’s starting to ask the same question 😂
She fell for the buzzwords
"Procter and Gamble"
That he has way more potential than you and although the business isn’t profitable yet his business has brought in more money than you’ll ever make in your life
@@PierreBullock That's not where I was going with my comment but sure...
they dialed in their position...right out the door!
This guy is SUCH a salesperson! I don’t trust a word he says!
They live in la la land. A bigger concern is income inequility. The poorer your middle class becomes, it will be more difficult for makers of high end products survive. Great for dollar stores and Walmart
The video is great. Thank you❤❤❤
9:22 sums up the whole pitch nicely
4:00 "I almost want to ask you for proof"
They said it themselves, they're "Brand Builders" that's why they speak & using fancy words like Barbra said. They can sell & promote brands ya, but they don't know how to operate a business.
I am sorry their company folded but 1:50 William Schumacher is so good looking !
Gen 2?
Whats he selling NVIDIA chips? Apple Silicon? 😮
Silicone valley type bread
They're not even a business..
They're a charity that sells bread.
yeah.... a charity that sells bread 🍞 for $12
Losing $1 million over bread is wild
$12?! oh F*** no
Lori's reasonings are like : "light bulb in your home corridor is emitting less light so for that reason im out"
Loris the goat. Out of 20 most successful businesses in shark tank Lori has a share in 10 of them
When are you profitable?
The future at a certain point
What's the model?
We're good at marketing
How do you make money?!
We make bread at a loss
Worse answers ever....
Their valuation was based on their sharp growth in sales and the market potential but never on profitability. This guy doesn't understand numbers and he really needed a partner to fill that gap. I only wish they'd asked him why does it cost too much to produce a loaf of bread. If he managed to bring his cost per loaf down to $2 and switched to retail instead of paying $50 on customer acquisition, he would've done extremely well.
Reupload
It's like watching the news: Feels misleading
It's not about the money yet he charges 12$. This guy is a quack
When i heard he worked for P&G, i knew that price was gonna be high and it sure was
"Its not about being successful" HUUh
They said they’re experts at digital marketing. Shark tank literally posted them for free… 😏 they never had an intention of acquiring an investor at that point lol
The way he talks reminds me of linus tech tips
The SECOND I heard that that loaf of bread cost $12, I knew they werent going to get a deal. There isn’t a bread good enough in the world to make me pay that much.
When somebody call themselves "dynamic" you know there is a problem
Barbara: the sun came up today, so for that reason, I'm out.
The masses are tired of paying outrageous prices for healthy food options. If bread is that important that you’re willing to shell out 12 bucks just bake you’re own healthy version
Anyone that’s really in touch with their health, anything processed we just stay away from. I do not eat any bread lol
❤❤❤ I love shark tank. I wish I invented something 😢
Do it
Right, same
But I’m afraid they’d rip me to shreds 😭
Barbara = ""Thats alot of fancy words. I'm out"
12 dollar bread better come with 1/2 a pound of salami 1/2 a pound of sliced turkey and a jar of peanut butter and jelly
If they really cared about the “mission” they should just file not-for-profit because they literally have none lol
They were there for the commercial
Has he got that Hairstyle for a bet.
💀💀💀💀💀
The big companies lose a lot to start thats why it never bothers mark. Uber was burning millions or millions had to keep getting investors money. Then scaled.
He said it wasn't about being successful, so they are out.
He gave a speech about being authentic and real and fresh and then went on to say that he wants to sell it to a multinational!! What!!?? Where did your cause go!?
12 dollars for a half loaf of bread??!!! 😂😂😂
THIS WOMAN IS SO BEAUTIFUL 9:33
That lady was fired from Proctor and Gamble for her idea of Gillette’s “Boys will be boys” campaign
I'm with Mark. Some people really buy into the lingo of being a "startup"... Sigh.
I'm with Barbara.
mmm minecraft dirt block
Did he need to say """basic"""" """""bread""""" ???
I cannot imagine selling 5 million dollars worth of something and not making a dime
nah, they didn't listen, sharks were right for getting out.
They wanted to blitzscale bread. That's a new one for me
very nice this couple, young and good looking, also the guest black woman (in green suite) raised the average ...
dont know who has more charisma the bread or the his girlfriend
bruh I ain't paying $4.00 for a whole loaf of bread. No shot i'm paying $12.00 for a half pullman loaf.
it's always funny to see one of those companies that promise they want to save humanity and change the world but they have the most expensive product on the market. These people have zero contact with reality
"Superfood" "kito" "gut health" just throwing every health food trend in there.
I think they went opposite on what they should have done. You create a great product, build a following and grow (and be profitable). They however made a product and tried to aquire customers.. and grow too fast.. whos paying $12 for bread other than health nuts.
There are people who come on here that are great inventors that don’t know the business side. This was the opposite. If you have a business and say casually”we were net negative 1 million dollars “ without any emotion, you need your head examined. Running a successful business takes equal parts innovation and common sense.
the dude is a robot 💯
"We have a mission", "We would like to exit the company" what happened? :D
How much are their profits went into getting work done on her face. 😂😂😂😂😂
One of many times I agree with Babs
This went out of business. If your dad was given 4 weeks to live and survived, it's not coz of this $12 bread. When the doctor warns like this, people stop all their bad habits and practice healthy options in all ways.
I can tell by his response at the end that he didn't take anything in. She's gonna leave him soon
Sharks probably be wondering what he ate for breakfast too, that he doesn’t seems to see what’s the issue with the business
Typically when you use words like “revolutionize” and “brand building” and all the other hot words, normally there’s trouble.
Nobody is buying 1/3 a bread for 5 times the price, my man.
You got one MORE reupload shark tank global guy. Your starting to mess woth my lunch break! 😤😤😡
What you mean whats wrong with them , he told what you should be pitching and not pitching - You didnt sell them thats on you.