Lavabox Shark Tank Update "The deal with Lori did not close. Joshua wasn't strapped for cash, but he did want a mentor. In the end, he didn't want to give up 12.5% of something he worked so hard for." Brother should've taken Kevin's offer since he literally offered what he came in for. $200k for 10%
Kevin offered him exactly what he wanted and he's also in the business as chef wonderful, he could have easily helped him blow this product to the moon.
All the other sharks have given him this bad stigma of being mean or something just because they don't like him. Most of the time his deals are perfectly respectable and he actually tries to empathize with people, unlike Lori who just smiles and tells everyone how nice and popular she is.
@trikicks, hate to break the sad news but the deal never closed. I look up the item after the episode. The deal didn't close. You can go look it up and get the details. It just looks like it will never close. The business is still going on strong it seems.
IIRC Mark is invested in a product called Instafire that is similar to this. The last time a similar portable campfire product came in, Mark douched hard and bashed it because of that. I don't know if they told Mark to stop, or if he realized it made him look bad, but Mark is curiously not shown talking much here and I don't think they even showed him going out.
no way lori is worth an extra 2.5% and a 75 cent royalty. this is one of those rare occasions where kevin loves the product enough to not charge a royalty lol
A 75cent royalty is basically nothing. He makes it for $30 and sells it for $195, 75c is a rounding error on the sale price. It's just Lori for the extra 2.5%, but this really seems like a QVC-style product
Kevin for 10% anyday he knew it would be huge for both of em so he dropped 50% WITHOUT ROYALTY FROM KEVIN!! he made a big mistake i think Kevin wouldhave run this forever!
That royalty ask was negligible, glad he didn’t mess up the deal because of it. I think Lori added it just so there is some incentive for her to sell more. Selling 1,000,000 only gets her $750,000, big potatoes for us nothing potatoes for her.
@@jojoreisinger615 Yes I just realized I made an error. So it is even more profitable for him. He needs to sell 333,334 units for her to be repaid. That is 65 million dollars of sales if he just sold the small unit. I would of just given it to her in perpetuity, because after working so hard to get her money back she doesn’t have much incentive to sell more and I would want to keep her interested in still selling.
@@nestosauce yes but only free equity if 65 million dollars approximately, since depends on size, of goods is sold. If that amount was sold they guy could care less about 12.5% equity. For Lori though, once she makes her money back she wont care because she would have the $250,000 from the royalty and if we value the company just as equal total sales (I know this is not right) then she would have stock worth $8,125,000. In perpetuity royalty or not it wont make a difference by then for him but maybe that tiny offer in favour of Lori would incentivize her more to help get the company further.
I own 33 of these Lava Boxes. I use them for EVERYTHING. They heat my car, provide all my home's internal and external lighting, and I use them to cook every single meal I eat.I haven't had an electric bill in over 20 years because of this product. However, my propane expenses are highly volatile.
Just ordered one for my air force son! He is always out in the woods scaring his mom chasing elk, bear and god knows what else when he is not at Hill AFB. Hope he likes it
I made a wood version of this a few years ago, also from an ammo can. I made it to keep my tent warm in the winter. I guess I should've made it gas and went on the show.
Bro 195 for this product is insane. Its a ammo crate with some gas fittings. This doesnt solve any problem either. We already have portable propane grills.
The final choice was excellent. Simply because Josh spoke about the plan going forward about the business and only Lori seemed to be in the same page as Josh.
That’s what I was thinking could of had her come down a little bit there after a competing offer, but I guess it’s more incentive for lori to push it vs getting beat down
If I was on Shark Tank, I would go after Lori too. She has the best track record for successful products on the show. Of course, getting Mark Cuban would be great too!
Really surprised that none of the sharks pointed out that you have to lug one or more propane tanks around, or asked about what was inside the canisters. They didn't ask how long a propane tank will last, at which settings, and for each size canister. They also didn't ask if there is any cleaning or maintenance required. Seems very shortsighted on their part.
He's smart... Lori is by far the best Shark on this program. She actually pays attention and helps these investments. She has the highest ROI. Mark is by far the worst and Mr. Wonderful is second worst and Daymond isn't that great if its not clothing and textile related. Good move.
I guess josh could've given 0.5% advisory shares or 2.5% advisory shares and still get the deal from lori. But hey that's something most of us can't do in pressure situations. I couldn't do it either. But great learning of negotiation skills from this without a doubt
She was the best fit. He just needs marketing and exposure to ensure his expansions will be worthwhile and the other sharks were focusing on their personal life choices and social media where as Lori is gunna give him mass marketing and put him in stores. She was giving him what he wanted more then the 200k for 10% Kevin offered
It's rare to see a presentation in the tank where none of the sharks technically are out, they never said they were, unless it was edited out but only 3 shark offer's were presented.
How you not take Kevin for what you asked for? The pizza oven must was after this epiesode. I would’ve went with Chef Wonderful. I mean he does this. People think Kevin is mean but he’s just a business man he handles business.
people don't consider Kevin's offers cuz he focus only on profet regarless companies' legacy, I can tell that from he always saying " I respect sales and money, cashflow " etc ... , when u are investing without believing in the company u won't be able to add much when it needs a push/ pushes
I would always take Mark, Mr. Wonderful, and Lori in that order all else being equal so I think he should've taken Kevin's deal, but if Lori was his plan going on then then 200k loan and the 2.5% are pretty meaningless long term.
Never understood y ppl don’t value Kevin as much as other sharks!! I mean he has very good knowledge of finance!!
Because they browse too much on reddit
Kevin is just a bad person.
Yes, some of the best experience on the tank
Kevin seems like a guy who will kick you to the curb the moment the deal stops benefitting him
Oh yeah he has extreme good knowledge in finance. He proved it with FTX 🤣🤣
I love when someone has such a strong product/company that the sharks have to sell themselves to get the deal😂
Agreed.
Jesus is coming!
@@God_is_good_❤
@anidiotmakesthings Finally, someone who knows what camping is
Agreed
Mark hit him hard with the saying no over half a percent. That was a great point
Greed will kill us all!
U mean for 50 cents
Yeah but why did Lori counter the 12% with 12.5% in the first place... she was the one squabbling over a half a percent.
@@bigbuckey7687 oh I for sure agree but she has all the power so she can afford to be unreasonable. Sharks are weird
Jesus loves you!
Lavabox Shark Tank Update
"The deal with Lori did not close. Joshua wasn't strapped for cash, but he did want a mentor. In the end, he didn't want to give up 12.5% of something he worked so hard for."
Brother should've taken Kevin's offer since he literally offered what he came in for. $200k for 10%
Aw dang 😢 he must've just wanted free promo
WHAAAA?!? That's what happened? what the heck
Mr. Wonderful saying: That disgusting royalty!! What is this?!
Was HILARIOUS!!!
Kevin offered him exactly what he wanted and he's also in the business as chef wonderful, he could have easily helped him blow this product to the moon.
the people dont trust him
All the other sharks have given him this bad stigma of being mean or something just because they don't like him. Most of the time his deals are perfectly respectable and he actually tries to empathize with people, unlike Lori who just smiles and tells everyone how nice and popular she is.
This the Lori and Mark show really 😂
This is going to go crazy on QVC and in those certain big box stores. Lori was the right partner
bruh qvc is middle aged women
@@Rjsipad buying stuff for their hubbies.
Oh yes, definitely!
@@wintercameyes😂😂
@trikicks, hate to break the sad news but the deal never closed. I look up the item after the episode. The deal didn't close. You can go look it up and get the details. It just looks like it will never close. The business is still going on strong it seems.
IIRC Mark is invested in a product called Instafire that is similar to this. The last time a similar portable campfire product came in, Mark douched hard and bashed it because of that. I don't know if they told Mark to stop, or if he realized it made him look bad, but Mark is curiously not shown talking much here and I don't think they even showed him going out.
I know. Weird.
He chose her because she said he could call in the middle of the night
Her QVC connections are priceless.
“I’m Mr.Camp”
😂😂😂 Kevin is gold
Best comment
if i was a camper or had friends id definitely buy this. Great idea!
Or had friends I’m sorry my man
Hey man I'll be your friend!
Thank goodness 4 this comment. now i don’t feel so alone
I see this and i raise you “no camping,no friends *and* no money”
let’s go camping ?
Lori knows her value, damn she makes other sharks look petty sometimes
I like her the best out of any Shark
Did I see him at the end look at her boobs lol
no way lori is worth an extra 2.5% and a 75 cent royalty.
this is one of those rare occasions where kevin loves the product enough to not charge a royalty lol
I agree
I think the guy wasnt thinking about the equity but about the extra sales Lori guarantees in QVC.
A 75cent royalty is basically nothing. He makes it for $30 and sells it for $195, 75c is a rounding error on the sale price. It's just Lori for the extra 2.5%, but this really seems like a QVC-style product
Kevin for 10% anyday he knew it would be huge for both of em so he dropped 50% WITHOUT ROYALTY FROM KEVIN!!
he made a big mistake i think Kevin wouldhave run this forever!
For real spent a quarter of a mil and extra 2.5% for Lori over Kevin unless qvc goes craaazy he should went w kevin
The deal probably would have closed if it had been for him or if had chosen him instead
This eliminates the best thing about a campfire: the wood and the amazing scent that comes with the smoke!
That royalty ask was negligible, glad he didn’t mess up the deal because of it. I think Lori added it just so there is some incentive for her to sell more. Selling 1,000,000 only gets her $750,000, big potatoes for us nothing potatoes for her.
Don’t forget she said it was only until she was paid back then it goes away anyway
@@jojoreisinger615 Yes I just realized I made an error. So it is even more profitable for him. He needs to sell 333,334 units for her to be repaid. That is 65 million dollars of sales if he just sold the small unit. I would of just given it to her in perpetuity, because after working so hard to get her money back she doesn’t have much incentive to sell more and I would want to keep her interested in still selling.
@@vc6478the value really isn’t in the royalty. She’s basically looking at it as almost a free 10% equity banking on it continuing to be successful.
@@nestosauce yes but only free equity if 65 million dollars approximately, since depends on size, of goods is sold. If that amount was sold they guy could care less about 12.5% equity. For Lori though, once she makes her money back she wont care because she would have the $250,000 from the royalty and if we value the company just as equal total sales (I know this is not right) then she would have stock worth $8,125,000. In perpetuity royalty or not it wont make a difference by then for him but maybe that tiny offer in favour of Lori would incentivize her more to help get the company further.
Tell me that you are bad at math without telling me you are bad.😂
I love that Kevin cracks on the royalty deal.
This guy just invented the portable barbecue grill.
The smell of burning wood and the crackling sound is what makes a campfire
essentially a portal stove top, been around for decades already
_"Is this Shark tank or Let's Make A Deal?"_
Apparently it's Let's Make A Deal! 🤣🤣🤣
I own 33 of these Lava Boxes. I use them for EVERYTHING. They heat my car, provide all my home's internal and external lighting, and I use them to cook every single meal I eat.I haven't had an electric bill in over 20 years because of this product. However, my propane expenses are highly volatile.
Just ordered one for my air force son! He is always out in the woods scaring his mom chasing elk, bear and god knows what else when he is not at Hill AFB. Hope he likes it
Lmao Im sure et Laurie would be around for him at 11 PM
Anyone can sell this item, it's amazing on its own. He knew who he wanted from the start
Am I the only one who would watch a reality show where the sharks are just in each others face all day, they are really hilarious sometimes 😅😂
Gotta Love KEVIN , "If Chef Wonderful is Involved" LOL
That was a great presentation and great product! Happy lunch break everyone!
He's like I only pay 30 to make it and charge them idiots 200.
As a camper, I can tell this product is only good for newbie lazy "good weather" campers. It's a novelty item.
I have never seen Daymond close a deal in this show
Bubba back ribs hurt him; he just scams the entrepreneurs according to them
I love this guy!!!
Yea he...
Smile s
OK
Love this guy's energy! One of the best episodes
I made a wood version of this a few years ago, also from an ammo can. I made it to keep my tent warm in the winter. I guess I should've made it gas and went on the show.
This is one of the few products from shark tank that is not only a great idea, but something I personally want to buy
Kevin : and none of this disgusting royalty lmfao... I was eating rice krispy and it came out my nose
The lean startup technique regarding developing MVP...
Fantastic Product! This portable option is a game-changer-can't wait to take it on the go!
best episode of shark tank ive watched so far and its been a while
Lori pulled a Kevin😂😂😂😂❤❤❤and it worked 😂
I think Kevin would have been good on this. Get a picture of him camping in his suit 😂 it works folks
Bro 195 for this product is insane. Its a ammo crate with some gas fittings. This doesnt solve any problem either. We already have portable propane grills.
7:24 HELLO 😂😂😂
It's only as portable as the propane tank is.
The final choice was excellent. Simply because Josh spoke about the plan going forward about the business and only Lori seemed to be in the same page as Josh.
Eating breakfast while watching shark tank 👌
Just met this dude at an auto show this weekend. Super nice guy, seems to be doing alright
After Kevin’s 10% offer ! What he wanted ! He could have easily countered Lori and said no royalty and given her 12.5% she would have taken it !
That’s what I was thinking could of had her come down a little bit there after a competing offer, but I guess it’s more incentive for lori to push it vs getting beat down
The deal didn't close anyways
she would not have twken no royalty cuz he tried 50 cent
Dame face when Lori put her bid in 😂😂😂
7:23 woah Kevin😂😂😂
If I was on Shark Tank, I would go after Lori too. She has the best track record for successful products on the show. Of course, getting Mark Cuban would be great too!
Wouldn't be lunch time without shark tank
Just finished mine lol
just started mine
Wouldn't be shark tank without lunch time
No congratulations for you Josh 😂
That thing is so safe until my drunk oss stumble by and kick it over on accident 😂
Using the legs as a GRILL?!?!
Dealbreaker for me........
Kevin was disgusted by loris royalty deal, lol
and this is why Shark Tank is the best "in person" TV show
Lori has an obvious crush on this dude. Good deal.
Kevin giving no royalties and giving what the entrepreneur wanted is extremely rare never happens. Great guy but should’ve took Kevin’s deal.
Really surprised that none of the sharks pointed out that you have to lug one or more propane tanks around, or asked about what was inside the canisters. They didn't ask how long a propane tank will last, at which settings, and for each size canister. They also didn't ask if there is any cleaning or maintenance required. Seems very shortsighted on their part.
i mean da pitch like hr and a half long so they prolly did sum other questions off cam
whoever buys is already carrying the propane.
What you see isnt the full pitch, they heavily edit it down to fit TV times
The other thing I think people overlooked is that when you cook on that thing there’s going to be a. If greasy mess all over the device.
@@GatherYeRosebudsWhileYeMayhe made 7 prototypes, i guess he knows what he’s doing and tested well …
This Show get Better by The day 💯
I have 0 room to talk, but I’m taking Kevin’s deal. Kev really is the man dude just wants to make $.
First time Kevin Doesn’t do a royalty and looses to a royalty 😂😂
"Disgusting royalty!" Gold!
Some people don’t want a deal they want exposure for their company or product.
He should have gone with Kevin. It was a better deal.
He's smart... Lori is by far the best Shark on this program. She actually pays attention and helps these investments. She has the highest ROI. Mark is by far the worst and Mr. Wonderful is second worst and Daymond isn't that great if its not clothing and textile related. Good move.
1. Lori
2. Kevin
3. Barbara
4. Daymond
5. Robert
6. Mark
But yes, Mark is way too rich to spend his time on startups
Portable with propane tank. lol
Exactlyyyyy
He took the worst deal. I like when Kevin makes it interesting
Lori is still the ruler of shark tank. That wont change.
Thank you for fixing the volume on this episode 🎉🎉
I actually wanna buy this product! So innovative 👏🏾
I guess josh could've given 0.5% advisory shares or 2.5% advisory shares and still get the deal from lori. But hey that's something most of us can't do in pressure situations. I couldn't do it either. But great learning of negotiation skills from this without a doubt
Honestly, that’s a pretty sick flamethrower.
Why would he turn down Kevin’s offer? He obviously only wanted Lori from the jump.
Remember that Kevin the at first offered it at 20 percent. So he showed that he didn't care as much about the valuation
She was the best fit. He just needs marketing and exposure to ensure his expansions will be worthwhile and the other sharks were focusing on their personal life choices and social media where as Lori is gunna give him mass marketing and put him in stores. She was giving him what he wanted more then the 200k for 10% Kevin offered
If you want to see more iconic scenes from Shark Tank US, SUBSCRIBE to our channel! 🦈
It's rare to see a presentation in the tank where none of the sharks technically are out, they never said they were, unless it was edited out but only 3 shark offer's were presented.
Great idea!!
Looks good to me. RV`ers will like this too. They are doing good.
One of the best fast pitch and deal! 🎉❤
This guy is very humbled love him
i'm soo sad the deal with lori never closed cuz the guy looked so happy and grateful 😭
Lori gave him a free throw
The product was so good!
How you not take Kevin for what you asked for? The pizza oven must was after this epiesode. I would’ve went with Chef Wonderful. I mean he does this. People think Kevin is mean but he’s just a business man he handles business.
For the best Marketing 2.5% additional equity plus short term royalty is worthwhile
Ok thanks for the idea. I'll just save myself $200 and go buy my parts for $40 and make this at home. LOL
Any update on this product?
This entrepreneur is smart.
He's a happy camper!
people don't consider Kevin's offers cuz he focus only on profet regarless companies' legacy, I can tell that from he always saying " I respect sales and money, cashflow " etc ... , when u are investing without believing in the company u won't be able to add much when it needs a push/ pushes
I would always take Mark, Mr. Wonderful, and Lori in that order all else being equal so I think he should've taken Kevin's deal, but if Lori was his plan going on then then 200k loan and the 2.5% are pretty meaningless long term.
I see chemistry and and long term real good deal 😂
Taking entrepreneurs calls at 11 or 1 at night 👀
AWESOME PRODUCT...
Are you kidding me!!! Same size propane tank and you can only cook a few burgers on it. Take a normal portable cooker and just turn the gas up lol.
yo that’s straight up billy from fyre fest in a disguise bro
Always shocker to see damon throw an offer out there