Not to mention his profit per unit, which is probably very small based upon his net profit he claimed. He claimed $1.5M in sales that included his store, with a $220K net profit which is 15% overall. If each unit sells for $4K, he probably makes $300 - $400 each. He needs to sell a 💩load of units to make 7 figures & his competition for sure sells for much less. It’s a great idea but a very poor investment.
There should a person acting as an arbitrator mostly to help the Entrepreneurs. He would make them fight harder against sharks. This would also increase the entertainment.
I mean....he should have been more prepared but when you're selling these generators from your business as inventory, you wouldn't normally split anything
Unfortunately when someone guarantees a $1 billion return they lose all credibility... I think the lesson for people who appear on the show is that plumping up your numbers during filming is a bad idea as the due diligence process after the show finishes will out any errors or emissions and void that big payday.
@@zin.nesis1 Obviously they cut them up in post-production.. why state the obvious? I was highlighting the poor editing decision of all that unnecessary cheese in such a short space of time..
Seems weird that he’d offer half of his business for whatever dollar figure. If it is so revolutionary & “guaranteed” to become a billion dollar business, why offer out half? Sorry, it doesn’t add up. My sense is he’s in debt up to his eyeballs & needs debt relief so that $2.5M was giving him a cushion & not for inventory. No proper business man leaves a lot of money tied up in merchandise without preorders or a super high demand.
That's the kinda of thing that would make a deal fall through after the show's over. Imagine you're the investor, and you find that your money was just a ploy for debt repayment.
50% of a billion dollars a year is a fucking ton of money man.....When you're doing it by yourself, sometimes the help is what you need to boost yourself to the top. Again...50% of a billion is a fuck ton
taija smith - dude, he is making $220k net with $1.5M in sales & that INCLUDED his store profit (6:05). Given that number, if he sold 10 times as much - $1.5B his net profit would be $2.2M & would take 5 years to get to since he’s increasing at 20%, if his representation is even true. It wasn’t said what his profit per unit was but based upon his net, it isn’t much, not to mention the super high cost of his product will eliminate most buyers. It’s a great idea but a loser of an investment. He is way upside down & I’ll bet he knows it.
Yes, 2.5 mil is a big gamble. But I think this guy is worth it. This guy is the real deal. I would have countered and said, “I will offer 500k for 10%, on the strict understanding that it would all go inventory. After selling all inventory, if all sold in less than 2 years, I will invent the remaining 2mil for an additional 40%.”
I'm Australian, and I get what you are saying! Extreme Aussie accents, such as farmers and truck drivers, sound like they're joking. The Sharks - borderline. To me, some of them are putting it on a bit, but I wouldn't be sure. Even in Australia, it's cool to have a strong accent. If you're in business, then it shows that you're down-to-earth. (In Australian terms "Dinky-di", "True-blue"). But, if they've come from a working class background then it may be genuine.
Andrew only wants to invest in Apple or Tesla kind of businesses. His job is to only host the show and sum up the investment the entrepreneur is asking for and confirm the valuation. He is a calculator. Janine waits for everyone to say no before she becomes a vulture. She puts a premium on her investment. Waits go see if the entrepreneur is desperate enough to take that deal. Naomi always finds a reason not to invest. She is like the Jenny Campbell of Shark Tank. The only real people who are genuine are Glen and Steve and even John. They are honest. Steve is annoying sometimes but he never tries to hide. He has a good heart. He invests in people with a story. Naomi and Janine show all sorts of sympathy for people with stories but never really invest unlike Steve.
He got free advertising and to this day is still going strong with many of the competitors trying to say there products better, don't buy one of there's. Well I think he doing really well. I did however struggle to find and financial info for the last financial year as I'm not from Australia.
I've noticed they are saying no more. But maybe it's partly to do with the fact they have already made so many investments over the seasons. The Sharks are still people who have a limit of their time so maybe that plays into it.
It’s funny whenever someone asks for over a million the sharks say it’s a bad evaluation when in reality most of them just don’t have that much to invest.
The sharks understood and empathized that he was tired and not on his game but that he was able to build a business turning over 1.8Mil. So ignoring his request, just get this guy into due diligence. Offer him $300K for 33% of his business. Then get in front of his books and his accountant to best understand his true profitability and debt situation.
Your place is at shark tank US. You can’t get that amount of investment anywhere other than US shark tank. It was obvious from the very beginning that they ARE OUT :)
I don't think so. I think offering 50% of his company means he doesn't have faith in himself or his product and is just trying to cash out. My opinion. Either that or he wanted the advertising from Shark Tank so he came in at that valuation but offered alot of equity to disguise the fact that he didn't want a deal. One or the other.
I find the investors in The Den are more thorough than the Aussie Sharks, the likes of Debra & Peter Jones ask very precise and to the point questions about the product. The Aussies in the other hand run from the deal if the ask is more than $100K.
Great observation, I have wondered about the provenance of those but not able to see them clear enough on my phone. I gave them the benefit of the doubt and assumed they must be Aboriginal art as there is no way Aussie capitalists would celebrate Kiwi heritage.
@@wanderingalba5077 Maybe it is Aboriginal woodcarving & it's just incredibly similar to some Māori woodcarvings, because you make a good point, (& it was funny!😄), why would the film studio put Māori carvings there?
I think that if he had asked for less money and less equity the sharks would be much more interested in the business. Guess it was just a matter of valuation, because of the program's rules.
Depends some people could pull off the look. If he dressed more flamboyantly instead of an office type with a little too much skin showing might've been different.
at a 5 million valuation, say 80% of the income is from generators from the store. that means on the 235k he made last year about 188k is from generators. Thats the equivalent of a 26.5 P/E. Now take the fact that hes probably paying 50% of that income in working cap up front for inventory youre looking at a really crappy investment
The generator is far too expensive, I cannot see hundreds of thousands people paying 1.5k for it, maybe a few thousands might pay which makes it a small niche in the market anyway . The all point of caravan vacations is to stay cheap.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
"This is Australian Shark Tank, we don't have 2.5 million dollars to invest, so we are out"
Exactly.
Andrew made a deal of 2.5 million dollars with iCapsulate. (on show)
afridi shaikh he committed, but he never actually invested. There were a bunch of discrepancies and he could not invest. The went bankrupt.
@@afridishaikh5779 , he replied to u but didn't tag u right.
Pas K hey look, it’s Andrew’s phantom account.
He said that he had studied the sharks.... If he really did, he'd never ask 2.5 mil here..... Should've asked for 200k for 5 percent or something....
Excellent point
Or because he didn’t want a deal just wanted to advertise and knew they would never make an offer for that amount of money.
@@machoman457 he is smart for that
This.
But then Naomi or Janine would offer $200k for 51% of the business and pretend like it’s a great deal.
No questions on Patents and whether this dude designed &/or owns the internal design !
Deborah would have gone crazy
Not to mention his profit per unit, which is probably very small based upon his net profit he claimed. He claimed $1.5M in sales that included his store, with a $220K net profit which is 15% overall.
If each unit sells for $4K, he probably makes $300 - $400 each. He needs to sell a 💩load of units to make 7 figures & his competition for sure sells for much less.
It’s a great idea but a very poor investment.
Because they were already out before it began
sadly he didn't make that far. it was his own fault.
U are spot on. As a technology freak myself thats the stuff thats interesting to know!
Steve didn't get a chance to ask him where he is from 😵
He already said in the beginning, he's from perth
Falken Vi, Nasser just said that...Steve didn't get a chance to ask.
@@MultiJejje He was just reaffirming that Steve indeed didn't get to ask.
The problem is that he wasn't expecting to be asked any questions, he thought he would give them all the information in his presentation!
Sharks in Australia don't have the balls to invest 2.5 million. This would go in a heartbeat in US or even in UK.
Syed Alam Very true.
Lol. In the uk they would want 90%
Andrew has invested 2.5m before
This guy is on the wrong show if he genuinely wanted $2.5 million, Naomi wouldn't even give out 2.5 thousand never mind 2.5 million
To be fair though she doesn't have 2.5 thousand and has maxxed her credit cards.
Naomi has made more offers than Andrew has.
Shark Tank Australia: 2.5M for 50%
Shark Tank US: 2.5M for 5.45%
Search up net worth’s mate . Glen is 0.7Billion
Peter Jones, Dragons Den, UK: ‚You’re exaggerating, aren’t you?‘
@@maximowu5627 that's a nice way of putting it. I like it 0. Something billion, it's motivating
@@Gebri3l 🤣🤣🤣🤣
@@maximowu5627 😂😂😂😂
I couldn't imagine waiting and studying for this very moment just as he did to get absolutely nothing but a little advice. I would be crushed.
There should a person acting as an arbitrator mostly to help the Entrepreneurs. He would make them fight harder against sharks.
This would also increase the entertainment.
Barbara watching at home: «I would’ve been out in a minute»
This guy really pisses me off mixing the numbers in from his company that isn't included in the deal.
I mean....he should have been more prepared but when you're selling these generators from your business as inventory, you wouldn't normally split anything
@@sabotaj117 you certainly do if you intend to make them another business.
It almost sounded like he was trying to mangle the sharks up!
Don Joe, you piss me off for being arrogant. Not everyone is a business armchair general like yourself.
I know, or rather knew this guy personally. He used to sell on the show run often set up near me. The guy's a joke. I was happy to see him fall
Unfortunately when someone guarantees a $1 billion return they lose all credibility... I think the lesson for people who appear on the show is that plumping up your numbers during filming is a bad idea as the due diligence process after the show finishes will out any errors or emissions and void that big payday.
i was out when he said that. only scammers and idiots make promises like that.
That background music is annoyingly loud.
You must be new here
@@ameersher I'm not. But that recent few uploads have been loud.
Too loud.
Looking for $2.5m for 50%!
*Yup not happening on Shark Tank AU*
His revenue is going up steadily by 250K every year. At this rate the business will reach to $1 Billion mark in no time i.e. 400 years (1B/250K)! 😄😄😄
🤣🤣🤣🤣
4000*
"omg I luv you guys so much I was so excited to be here after watching 3 seasons"
"yeah, and for that; We're out"
savage 🤠
7:36 Mick: I'm not normally this stiff!!
Naomi and Janine: hahaha we've still got it!!
This guy is going to do perfectly fine for himself. Even if this product flops - he'll be just fine.
"thank you for teaching me that one". This guy had to be taught how to separate numbers for two different businesses? Jeesh
Rule 1 of shark tank, don't ever tell the sharks about any other business you're in or they'll go crazy
Indeed, they understandably want you to be completely involved in the business you're pitching
@@butterspike680 fair
If he's studied the sharks he'd know to keep the pitch simple and not to distract the focus with a secondary store.
So difficult to put a kettle on a basic home generator. It's amazing.
The guy with the glasses, I forget his name, is the smartest investor of any of these characters on any of these shows in the world.
I almost turned it off with this cheesy grin overload!! 0:34 , 0:57. 1:04, 1:09, 1:18
Janine loves cheesy grins!
same
Yes, those cheesy fake grins are off-putting
You know they cut the clips together? Or you think there are 20 cameras constantly aimed at everyones face plus the items plus more moving cameras? 😀
@@zin.nesis1 Obviously they cut them up in post-production.. why state the obvious? I was highlighting the poor editing decision of all that unnecessary cheese in such a short space of time..
Seems weird that he’d offer half of his business for whatever dollar figure. If it is so revolutionary & “guaranteed” to become a billion dollar business, why offer out half? Sorry, it doesn’t add up.
My sense is he’s in debt up to his eyeballs & needs debt relief so that $2.5M was giving him a cushion & not for inventory. No proper business man leaves a lot of money tied up in merchandise without preorders or a super high demand.
That's the kinda of thing that would make a deal fall through after the show's over. Imagine you're the investor, and you find that your money was just a ploy for debt repayment.
50% of a billion dollars a year is a fucking ton of money man.....When you're doing it by yourself, sometimes the help is what you need to boost yourself to the top.
Again...50% of a billion is a fuck ton
taija smith - dude, he is making $220k net with $1.5M in sales & that INCLUDED his store profit (6:05).
Given that number, if he sold 10 times as much - $1.5B his net profit would be $2.2M & would take 5 years to get to since he’s increasing at 20%, if his representation is even true. It wasn’t said what his profit per unit was but based upon his net, it isn’t much, not to mention the super high cost of his product will eliminate most buyers.
It’s a great idea but a loser of an investment.
He is way upside down & I’ll bet he knows it.
@@mwhite9298 I see all experts here, making hundreds of millions from their business and giving advices
Jason jackson
How did you figure that if he sold 10X his current sales at 1.5M, it would equate to 1.5B😅
His store business staff are most likely conducting the generator sales, service and support. So should be included.
Yeah, good point.
But he's only selling the generator. But he needs to include figures for generators independently. And he didn't in this footage
Yes, 2.5 mil is a big gamble. But I think this guy is worth it. This guy is the real deal. I would have countered and said, “I will offer 500k for 10%, on the strict understanding that it would all go inventory. After selling all inventory, if all sold in less than 2 years, I will invent the remaining 2mil for an additional 40%.”
Generator shouldn’t be focus on just campers but also on roadside food stalls in Asia. That’s another market on its own.
not offering everything just the genny and telling numbers of both he was even pissing me off.
Love the Aussie Sharks :
Gleaming Glen
Red Hot Naomi,
Capt.America Andrew
Genie Jeanine & Location Steve
"I've studied all these sharks and I know where they come from"
Mick go to India and sell this. With so much power cuts, this will be a hot cake.
Not at that price. India can just reverse engineer it and make an Indian version much cheeper.
Nah mate. Power cuts are a thing of past, even in India.
We already have inverters dude what r u tlking about
“Tell me about your shops income”
“Stop telling us numbers we don’t even get investment in”
Exactly
The remote starter is a great idea.
I don’t think Honda has a 10-12 min commercial for their generators. Well done 👍🏼
Whooo. Showed back up in my recommends.
So much potential in this generator does the job what heavy duty ones does
It's so funny listening to accents. Almost like they're joking haha
I'm Australian, and I get what you are saying! Extreme Aussie accents, such as farmers and truck drivers, sound like they're joking. The Sharks - borderline. To me, some of them are putting it on a bit, but I wouldn't be sure. Even in Australia, it's cool to have a strong accent. If you're in business, then it shows that you're down-to-earth. (In Australian terms "Dinky-di", "True-blue"). But, if they've come from a working class background then it may be genuine.
Somehow in Shark tank AUS, the moment someone asks more than 1.5 mil, they try to shove the company in the garbage.
The pitcher was not very good, he made it difficult to get answers
Get the price down and get them to any country in africa
Love shark tank Australia
Whys that
Don't you dislike Steve
@Lil Benz yeah shu* up
They know they can't afford but still they questions like they are gonna buy it
Why does everything need remote starting or an app. How hard is it to walk the 10m to your generator?
and how awesome it is u dont have to ? :D
He's such a composed guy who knows what he's doing!
NAOMI: It is always longer and harder than we think
Me: That's what she said 😏
Lol. If only.
Sell this in India or Nepal .. Market is very big and this will b life changing product for south asia
The things is the US is not the market for these, so going to US shark tank would be a minus in that area
"Free camping power" Rightttt ok
Anyone got one of these generators? Are they good?
guy was probably couldn't sleep for another three nights thinking how he blew that out 😅
cause everyone LOVES the sound of a generator when they are camping
Help with my tinnitus when i sleep.
Tell me about it, it's the last thing I want to hear when camping: some clown running a generator 24/7
every house needs one
"Were all too broke so were out"
I can’t believe he didn’t get a deal. This is Glenn’s wheelhouse. Moreover, Andrew could have helped him tremendously.
I'm not sure any of them have 2.5 million to invest. Gotta get it on shark tank US for that kind of money!
@@doperagu8471 Andrew has 300m in his pocket and Glen owns a company worth over 700m.
Dude, the deal was awful
Andrew doesn't help anyone, he's just the host of the show.
They don't have that much money 😂
Sharks: I am out!
Pitcher: Thank youy
Me: LOL what?
Damn i was thinking about the wrong Mick Blue 😅
Andrew only wants to invest in Apple or Tesla kind of businesses. His job is to only host the show and sum up the investment the entrepreneur is asking for and confirm the valuation. He is a calculator.
Janine waits for everyone to say no before she becomes a vulture. She puts a premium on her investment. Waits go see if the entrepreneur is desperate enough to take that deal.
Naomi always finds a reason not to invest. She is like the Jenny Campbell of Shark Tank.
The only real people who are genuine are Glen and Steve and even John. They are honest. Steve is annoying sometimes but he never tries to hide. He has a good heart. He invests in people with a story. Naomi and Janine show all sorts of sympathy for people with stories but never really invest unlike Steve.
I dont think Steve has ever completed an investment though...
He's going to need a 120V product if he wants to sell in the US
Why generator and not an invertor?
In fact, he doesn't need any sharks. He's doing well without them and should just keep up the great work.
Honda 2.2i is the way to go oz wide service centers
This bloke been smokin' something funny
does anyone know which episode is where Andrew says "i make all the important decisions but my wife tells me what is important"
The one with the peg. The guys from south Australia
I don't think he wanted a deal; he just wanted the contacts.
He got free advertising and to this day is still going strong with many of the competitors trying to say there products better, don't buy one of there's. Well I think he doing really well. I did however struggle to find and financial info for the last financial year as I'm not from Australia.
I thought u had to pay 20k to go on the show
Your kidding?
When i saw this i tried to order one and he wanted 50% deposit up front
Dudes gonna be a multi millionaire. Everyone in the states are going to rv living and i wish i had that generator when i lived in mine.
I don't like this shark tank they're telling everyone no.
I've noticed they are saying no more. But maybe it's partly to do with the fact they have already made so many investments over the seasons. The Sharks are still people who have a limit of their time so maybe that plays into it.
i agree
Because lots of idiots valued their business to high!
5 million valuation is more than all their net worth.
(Not really but it is Australian shark tank)
I only watch our shark tank when there's no new Dragons Den to enjoy.
@05:58 the real cash!
Bin the sound editor!
It’s funny whenever someone asks for over a million the sharks say it’s a bad evaluation when in reality most of them just don’t have that much to invest.
They have enough to invest it’s a bad idea to do high risk investments like this though.
Feel free to invest your own money, and show the Sharks how it's done.
Jenny just wanted to say that ”shes out!”
The sharks understood and empathized that he was tired and not on his game but that he was able to build a business turning over 1.8Mil. So ignoring his request, just get this guy into due diligence. Offer him $300K for 33% of his business. Then get in front of his books and his accountant to best understand his true profitability and debt situation.
You can’t accept unless you get the full amount
Your place is at shark tank US. You can’t get that amount of investment anywhere other than US shark tank. It was obvious from the very beginning that they ARE OUT :)
Music is too loud to hear what they're saying
he had enough time to think about it. Mind you, offering 50% deserved the respect Janine.
I don't think so. I think offering 50% of his company means he doesn't have faith in himself or his product and is just trying to cash out. My opinion. Either that or he wanted the advertising from Shark Tank so he came in at that valuation but offered alot of equity to disguise the fact that he didn't want a deal. One or the other.
How do they find these people who have never done so much as watch an episode.
I find the investors in The Den are more thorough than the Aussie Sharks, the likes of Debra & Peter Jones ask very precise and to the point questions about the product. The Aussies in the other hand run from the deal if the ask is more than $100K.
Because Australia is a developing nation. The richest people in Aus compared to developed nations is massive difference.
Australian sharks: $50,000 is nothing
Also Australian sharks: $200,000 is a lot of money
he want to be in LA, does he know that's the west coast of the US, and most of the hurricanes hit the east cost of the US.
I want to buy it
There’s a whole bunch of very similar generators for half the price .
Barbara: this is the wrong shark tank and for that reason I’m out
Dosnt old mate remind ya of Mr Burns hahaha
I've always wondered why they use a room with Māori carvings in it, for the show, why not have Australian Aboriginal carvings?
Great observation, I have wondered about the provenance of those but not able to see them clear enough on my phone. I gave them the benefit of the doubt and assumed they must be Aboriginal art as there is no way Aussie capitalists would celebrate Kiwi heritage.
@@wanderingalba5077
Maybe it is Aboriginal woodcarving & it's just incredibly similar to some Māori woodcarvings, because you make a good point, (& it was funny!😄), why would the film studio put Māori carvings there?
Greetings from Morocco❤️🇲🇦
Hello to you, from New Zealand. ☺
What will this comment get you ?
I think that if he had asked for less money and less equity the sharks would be much more interested in the business. Guess it was just a matter of valuation, because of the program's rules.
Most of these guys are only worth 5mil he’s asking for half of their net worth
the least is 80 million and the other guys are 300, 800 mill and even 3 billion
I didn't sleep in three days. Lol
I own one of these. Best generator ever.
He's on the wrong show. This is Guppy Tank.
Turtle tank
Notice how one button on a dress shirt transforms you from business casual to creepy?
Depends some people could pull off the look. If he dressed more flamboyantly instead of an office type with a little too much skin showing might've been different.
How come none of these judges invested???!!!!
Too much money for the profit they were generating
at a 5 million valuation, say 80% of the income is from generators from the store. that means on the 235k he made last year about 188k is from generators. Thats the equivalent of a 26.5 P/E. Now take the fact that hes probably paying 50% of that income in working cap up front for inventory youre looking at a really crappy investment
Sharks in Australia don't have the balls to invest 2.5 million. This would go in a heartbeat in US or even in UK.
@@devynescatell3046they don’t because the companies rarely have a high profit like here
Why are all these pitches so shifty
First 3 minute I guessed. All Shark's will be out and I was right
The generator is far too expensive, I cannot see hundreds of thousands people paying 1.5k for it, maybe a few thousands might pay which makes it a small niche in the market anyway . The all point of caravan vacations is to stay cheap.
you cant find generator anywhere rn haha
love shark tank