Me too... but I call him Steve “I don’t know what it is, so I’m out” Baxter ! 🤣 Nah...but I really just appreciate his honesty. These people are adults, it’s absurd how many come on the show, soooo unprepared.
The one BIG piece to the puzzle is missing & most concerning to me - customer retention, which is the long term revenue stream. So you book the appointment, collect the initial 20%, what makes you think these salons want to continue on with that ongoing discount? My guess is, the salons will take that customer & deal direct in the future - that makes the most sense.
Absolutely, I did this in the music business. I taught guitar for a company that booked in home lessons. I became good friends with the students and their parents, eventually they asked to book me direct and pay me the same fee. Its just a natural progression.
Orrr book the appointment then the salon cancels through the app while calling the client personally apologizing about the mishap with the app and offering them the same service they booked but with a discount with no middle man app (so they win even though they discounted the service).
Orrr book the appointment then the salon cancels through the app while calling the client personally apologizing about the mishap with the app and offering them the same service they booked but with a discount with no middle man app (so they win even though they discounted the service). Client gets a cheaper service, and stylist still pockets more!
It's better to be sincere, sure they might've gotten away with offering 20% but they also might've blown it trying to nickel and dime him. It's much better to be up front and say, we value you and are willing to pay what you're worth.
I guess, they ended up making a naive decision because all of the sharks were quickly out and kept saying the valuation was too high. They wanted to get him the deal he wouldn’t reject and he never EXPECTED. Let’s say, they lost 5% because he would have asked 20% at least but they gained his interest all the way in their business because he owns 25% and he will make more effort and the VALUE his mentorship so he will need to help the business.
What a smooth pitch. Also, Steve in a good mood, you don't see that everyday! He gladly overpaid but the two ladies were pretty impressive so, good on them.
The fact that Steeve said I'll take what ever just goes to show he truly has a good heart and when someone pitches the product to him even if the numbers dont stack his willing to help them. Don't be surprised if Janine joins in later on!
This four conversation is always common in every episodes.. 😛 Steve: Where are you from? Ohh okay...... 😛 Naomi: because of blah-blah-blah, I am out! 😝 Andrew: So, you are evaluating you company at xyz! 🤭 And Narrator: Next into the tank is ---- 🤪
Those are the two smartest entrepreneurs I have seen on this show. Brilliant business, command of numbers, and the good sense to come back with a completely fair percentage offer.
Damn I just checked myself. I know people worth about the same. They wouldn't get a look in for the UK Dragon's Den which has actually super rich dragons.
@@MADMAX7330 she was the least wealthy I think and they got rid eventually no doubt due to her being out all the time. Peter, Deborah, Duncan, Theo, Touker etc are all very rich.
Hmm did yall not see she was worth 100k- 1 million in 2k18 and 5 million now....so ur talking about around 500-1000% increase in one year... That alone is enough to have her on here if it keeps up.
Not really? They literally took amazon and put glam in front of it....so not only did they steal from one of the most popular online stores in the world.... They were pretty uncreative.
I was really surprised about the tech thing, though that one of them was able to answer questions about integration with existing systems might have been enough?
Ok someone explain this to me please. A pitch comes in with a OTT valuation. They fail to justify that in a believable way to the sharks. Whats the big deal?? Why do the sharks instantly say oooooooo crazy valuation im out??? Why cant they just say here's my offer the money your asking for X percent instead??? Especially in Janine's case where she actually wanted to make an offer.
If they don't get all of the money, per show rules they can't make a deal. If the valuation is off, and they need to give in total that much money or more, the investor would need to grab more equity, and what's common is that they'd feel they would be grabbing an uncomfortable amount of equity, ie 40-60%.
@@jonatanarvidsson6966 Ah I see, thanks very much. That rule should be relaxed a little so that more people could get the boost they need if the shark felt inclined to do so .
he was sitting there creaming himself. Well done all-round ♥ Is Ms. Boersma related to Dutch goalie Rob from Harlem & PSV? I enjoyed it so much, I'm gonna watch it again ☺
On-demand beauty startup Glamazon has had its assets acquired by Indian home-services platform Urban Company, in a deal that will see one founder stepping away from the business and moving back to the US.
Correct me if I'm wrong, but couldn't this name be sued for brand infringement? They need to me more creative and come up with a more unique name instead of playing off another company.
they look good, and for freelancers without a salon there is value, but there was very little talk about the fact this is a middle man product, and many takeaways try to get customers to order direct, after an order from Just Eat.
Doesn't matter. Makeup artists generally have a pretty high turnover of clients, because most people don't book them often, and tend to shop around and try different ones, so they are ALWAYS looking for new clients.
@@remchaill9898 and im sure you are more qualifed than me to know that, all I know is that my mother goes to the same salon, local to her, every month. I dont see her using this product
@@remchaill9898 I agree with them there, Salons will have a booking service of their own and likely more loyal clients. freelance is another deal. I had a former supervisor, post an ad on my facebook feed (not mine, but in my area) offering her service as a make up artist, that was just odd.
Girls if you ever watch this back, don't think you made the wrong choice. You made an awesome choice. I would have made the same choice. Congratulations and best of everything good and awesome! 🥰🥰🥰 Aloha...
They just say what the sharks want to hear and the sharks buy it. lol. An idea like this won’t succeed when anyone can pull up bigger apps and find any salon within a 100 mile radius in seconds.
I think the blonde lady's personal business model is this: 1. She is broke to start with but has a famous enough name as an entrepreneur to be on this show. 2. She doesn't make any deals for 3 months on this show and along that time she is earning salary from the show itself. 3. With that accumulated salary she makes a small deal in the 4th month so that the producers don't kick her out adding any value. Viola! this is working so well for her! So many years...and she is still on the show..I think other sharks should invest in her. 😛
@@sshanto17 ironically we dont take to much seriously as you can tell ,, that said it does get boaring reading the same old shes out comments esp being when you know there being made by ppl sitting at home in there mums basement who probs are tighter than a ducks arse
Steve probably would have accepted 500k for 15% as he would have done anything to work with those attractive women. The business was a bust though. Maybe Steve can make something happen. But... Making $10,000 and they are getting 20% of that and pretty sure that is split between the 2 of them so $1,000 a piece. Bad deal imo, but I am sure Steve knows better than me or he made a huge investment just to get a couple girls numbers.
Great show but doesn't look as nice when maybe 4 or 5 companies out of 30/40 actually receive money after leaving the show despite getting deals. Most entrepreneur come up with stupid idea, may look good but once you peel the covers and crunch the numbers, investors run away
You can just feel Steve trying not to burst out laughing when they offer 25%, he was probably aiming for 17.5-20
You can hardly blame them after the comments from the other sharks
Not if their actual intention is to take the money & run then leave the investors@lurch🤑
his money went to the toilet on this business and on most of the investments he made on this show, you can bank on it
@@numinumful3815 do you have a link or something for steve's track record on his investments?
@@numinumful3815 why though?
steve is my favourite shark, not gonna lie
Mine too
same
Me too... but I call him
Steve “I don’t know what it is, so I’m out” Baxter ! 🤣
Nah...but I really just appreciate his honesty. These people are adults, it’s absurd how many come on the show, soooo unprepared.
Where you from mate?
I call him the secret census officer.
Damn that was the SMOOTHEST deal ever.
Everything went on so clean from the beginning itself
The one BIG piece to the puzzle is missing & most concerning to me - customer retention, which is the long term revenue stream.
So you book the appointment, collect the initial 20%, what makes you think these salons want to continue on with that ongoing discount? My guess is, the salons will take that customer & deal direct in the future - that makes the most sense.
Absolutely, I did this in the music business. I taught guitar for a company that booked in home lessons. I became good friends with the students and their parents, eventually they asked to book me direct and pay me the same fee. Its just a natural progression.
I think their target market is people who are traveling.
Exactly ! So this booking thing will be a one time deal most likely
Orrr book the appointment then the salon cancels through the app while calling the client personally apologizing about the mishap with the app and offering them the same service they booked but with a discount with no middle man app (so they win even though they discounted the service).
Orrr book the appointment then the salon cancels through the app while calling the client personally apologizing about the mishap with the app and offering them the same service they booked but with a discount with no middle man app (so they win even though they discounted the service). Client gets a cheaper service, and stylist still pockets more!
Loved Steve's winning dance.... That was absolutely hilarious 😂
Why not at least try for 20 and then 25 if he rejects that?! They’ll kick themselves when they watch this back.
Because they were nervous the guy on the phone was probably right about offering 2-3% lol
It's better to be sincere, sure they might've gotten away with offering 20% but they also might've blown it trying to nickel and dime him. It's much better to be up front and say, we value you and are willing to pay what you're worth.
I guess, they ended up making a naive decision because all of the sharks were quickly out and kept saying the valuation was too high. They wanted to get him the deal he wouldn’t reject and he never EXPECTED. Let’s say, they lost 5% because he would have asked 20% at least but they gained his interest all the way in their business because he owns 25% and he will make more effort and the VALUE his mentorship so he will need to help the business.
The guy on the phone was totally wrong. The valuation would not get a deal if it was over a million. The women nailed it.
Jennifer Wilson in the end they’re only making 2k a month at this point, a million seems like a lot for how that app looked 😂
What a smooth pitch. Also, Steve in a good mood, you don't see that everyday! He gladly overpaid but the two ladies were pretty impressive so, good on them.
The fact that Steeve said I'll take what ever just goes to show he truly has a good heart and when someone pitches the product to him even if the numbers dont stack his willing to help them. Don't be surprised if Janine joins in later on!
This four conversation is always common in every episodes.. 😛
Steve: Where are you from? Ohh okay...... 😛
Naomi: because of blah-blah-blah, I am out! 😝
Andrew: So, you are evaluating you company at xyz! 🤭
And Narrator: Next into the tank is ---- 🤪
Wtf is with your emoji spam bro? It’s making me rather uncomfortable
Colin Deserno I am sorry about that bro! 😉
i can hear it clearly in my head
I think this is a great business. The potential is huge! Well done Steve and Glamazon.
Seeing steeve all joyed up i am happy
He looks always so frustrated , seems like finally he got a deal he like
Those are the two smartest entrepreneurs I have seen on this show. Brilliant business, command of numbers, and the good sense to come back with a completely fair percentage offer.
Great name: Glamazon. It's got a nice ring to it. Steve is a cool shark.
Jay B Beth Phoenix used that name
It seems only Steve has money to invest...and the other sharks are there for salary
The Sharks don't get paid to be there.
Locutus at least the US show had a massive salary for each of the sharks, 50k per episode
None of Steve’s deals have gone through.
Locutus haha what? Of course they are. They’re making thousands per episode mate.
Srinivasa Rao Steve is the only one who has always in great business that turned out huge successes
Amazon will buy them just coz of the name
Smart girls
Share Hunk or Beth Phoenix
No , it was bought by a Indian company Urban clap
Bommoju Vishwanath how much ?
@@LadyHeathen82 mig
No, they are more likely to threaten them about stealing their name and say dumbasses could get confused
Gotta love steve. Mate is so cool and funny and got a great accent
After looking up Naomi's net worth, i finally understand why she never invests..
She needs to step down and make way for a proper multi-millionaire
Damn I just checked myself. I know people worth about the same. They wouldn't get a look in for the UK Dragon's Den which has actually super rich dragons.
@@andypatterson5055 Jenny from Dragons Den is also barely a millionaire, and her investment habbits show.
@@MADMAX7330 she was the least wealthy I think and they got rid eventually no doubt due to her being out all the time. Peter, Deborah, Duncan, Theo, Touker etc are all very rich.
Hmm did yall not see she was worth 100k- 1 million in 2k18 and 5 million now....so ur talking about around 500-1000% increase in one year... That alone is enough to have her on here if it keeps up.
yes, there's conflicting information out there. Some sites show $1-5 million another shows net worth of $40 million in 2018
Naomi: two plus two equal four, so i’m out
when you actually like sharks. Please bring this show back!
5:50 I see what you did Steve.
The power of suggestion is immense
0:00 me looking at my crush in class
When Steve is happy Steve is "happy"
So happy those girls got a deal it is great to see young women entrepreneurs doing their best to get ahead in life.
Amazing negotiation skill Steve..superb
"Did we just give away 5% for nothing?"!
Steve would have agreed on 20!
Edit: Glamazon is a great name!
Not really? They literally took amazon and put glam in front of it....so not only did they steal from one of the most popular online stores in the world.... They were pretty uncreative.
@@Brandon-yd3rk LOL i just realised. Now i cant unsee it. I always see now amazon in the name.
Glamazon was wwe’s Beth Phoenix first
They really just need to start by walking in and telling Steve where they are from.
Good deal. If I were Steve, I would have gone for 2-3 more percentage in equity.
Rodrigo: ¿Las estilistas vinene en cadena fría? Si no es así, estoy dentro.
Ooouhuu aquí no es.
Regards from the Shark Tank Mexico audience, guys!
Jaja t mamaste
Is it just me or did they never ask there revenue or profit margins or if they outsourced the tech?
I was really surprised about the tech thing, though that one of them was able to answer questions about integration with existing systems might have been enough?
I’m sure it was asked, just edited out. Remember they’re fitting about an hour long pitch into 10 minutes.
The name Glamazon was used by WWE’s Beth Phoenix years ago..
it's also been used by RuPaul and in the drag community for a long, long time
Shark tank Australia is Just Amazing... Loving it from the beginning ❤️ ❤️ ❤️
Thanks for the offer? What offer? Nice cuts. Also why did they call their pimp without an offer anyway?
Any updáte on the deal after the show?
All those salons are closed now. Just puts into perspective what we need in our lives and what we don't.
Let's hope this perceptive leans ppl that being so shallow is not the best option
Shut up...
@@jamesDJRPM NAAAA
Something fishy with this deal all together..... Looked like Steve trying to get a date as part of the package, never saw him that happy yet!
its all tech and they knew what they were talking about tech side. its his mojo
Well like every other deal it didn't go through.
However, they got bought by urban clap so pretty sure they made pretty could money
Appreciate the insight
The tall one is a good looking man
yea i just wondered the same
Agree. I was like wait I think she's really male..
They should’ve tried 20% then 25% if he refuses the 20. In business never jump to the bigger number, it wouldn’t hurt trying the smaller number first.
After watching this episode the girl's would be like Steve made a fool of us on national television as he got extra 10% equity.
Good day mate. Where yah from?
This is probably the happiest I’ve seen Steve.
Mostly he is distressed when people choose other sharks.
I get a Ja'mie King, Summer Heights High vibe watching these two.
I wear red, I take free gifts but still I'm out😅
Guess who?
Santa? Oh wait
I watch this show for Steve lol
steve is ready for that 3 some
That disappointment at 2:40 on Steve's face to not get to ask where they were from?
One of the few times where it actually feels like they’re a shark
Gday it’s Steve here where ya from
Ok someone explain this to me please. A pitch comes in with a OTT valuation. They fail to justify that in a believable way to the sharks. Whats the big deal?? Why do the sharks instantly say oooooooo crazy valuation im out??? Why cant they just say here's my offer the money your asking for X percent instead??? Especially in Janine's case where she actually wanted to make an offer.
If they don't get all of the money, per show rules they can't make a deal.
If the valuation is off, and they need to give in total that much money or more, the investor would need to grab more equity, and what's common is that they'd feel they would be grabbing an uncomfortable amount of equity, ie 40-60%.
@@jonatanarvidsson6966 Ah I see, thanks very much. That rule should be relaxed a little so that more people could get the boost they need if the shark felt inclined to do so .
The use of the app will skyrocket after coronavirus lockdowns!
good opportunity
I want to see what they are writing
I don’t understand why the sharks opt out due to the valuation. Why not just offer less money and/or demand more equity?
Company is valued at 900 million (at Feb 2020)
Never, ever negotiate against yourselves. Always ask for an offer before you counter yourself.
Steveeee u beauty my man
20% commission is too much
Sharks: "I'm out"
Coronavirus: "I don't give a fuck either"
Where are they now...?
they were acquired by Urban Company
Great poker lesson
hey g'day I'm steve whereabouts are you from mate?
I saw this idea first on dragons den
Steve is such a great guy.
I wonder where he's from.
he was sitting there creaming himself. Well done all-round ♥ Is Ms. Boersma related to Dutch goalie Rob from Harlem & PSV?
I enjoyed it so much, I'm gonna watch it again ☺
Urban company bought out this company and is worth approximately 900 million today.
It WAS the PERFECT PITCH!
how do they get repeat costumers? If the hair dresser does a good job wouldn't they just start booking direct and save money?
Convenience?
It's akin to how people keep buying overpriced coffee at coffee shops shops instead of brewing it themselves.
Amazon gets repeat orders....
Those girls gonna see this episode and freak out
Steve was thinking with the little head but glad it worked out for them
On-demand beauty startup Glamazon has had its assets acquired by Indian home-services platform Urban Company, in a deal that will see one founder stepping away from the business and moving back to the US.
But what is going to stop the customer and the hairdresser from just exchanging phone numbers and not needing the app anymore?
when has Janine ever liked a valuation lmao?
Where is Steve from?
That taller lady is a robot or something
She’ is perfect 😑🥵
Correct me if I'm wrong, but couldn't this name be sued for brand infringement? They need to me more creative and come up with a more unique name instead of playing off another company.
This is why Steve is my favorite.
could you imagine if on of the guys said "they're good girls, they're smart girls"?
Yes I can imagine..and it is perfectly fine.
6:09 He said Eksetera and for that reason, I'm out.
Latest news! Urban company( formerly urban clap) bought the company!
Urban clap is a very bad name. I see why they changed it.
That was great!
they look good, and for freelancers without a salon there is value, but there was very little talk about the fact this is a middle man product, and many takeaways try to get customers to order direct, after an order from Just Eat.
Doesn't matter. Makeup artists generally have a pretty high turnover of clients, because most people don't book them often, and tend to shop around and try different ones, so they are ALWAYS looking for new clients.
@@remchaill9898 and im sure you are more qualifed than me to know that, all I know is that my mother goes to the same salon, local to her, every month. I dont see her using this product
@@ianlister7333 I agree. The Dragons were right to suggest that they focus on the mobile freelance aspect, not the salon side.
@@remchaill9898 I agree with them there, Salons will have a booking service of their own and likely more loyal clients. freelance is another deal. I had a former supervisor, post an ad on my facebook feed (not mine, but in my area) offering her service as a make up artist, that was just odd.
What about reviews?
Steve had a mini crush of the short one
Girls if you ever watch this back, don't think you made the wrong choice. You made an awesome choice. I would have made the same choice. Congratulations and best of everything good and awesome! 🥰🥰🥰 Aloha...
Hands off business, mate
They were awesome!
Steve: the presentation was too perfect and for that reason I’m out
You beautiful ladies are perfect and for that reason, I’m out.
Isn't Amazon going to sue for infringement?
The glamazon has been acquired by an Indian company called "urban company" before a week itself
so in other words...this is latepost episode??
They just say what the sharks want to hear and the sharks buy it. lol. An idea like this won’t succeed when anyone can pull up bigger apps and find any salon within a 100 mile radius in seconds.
I actually like the idea
Gotta love Steve 😂
I think the blonde lady's personal business model is this:
1. She is broke to start with but has a famous enough name as an entrepreneur to be on this show.
2. She doesn't make any deals for 3 months on this show and along that time she is earning salary from the show itself.
3. With that accumulated salary she makes a small deal in the 4th month so that the producers don't kick her out adding any value.
Viola! this is working so well for her! So many years...and she is still on the show..I think other sharks should invest in her. 😛
40 million isn't quite brokr
@@RichMcc pun bro.. don't take it seriously!
@@sshanto17 ironically we dont take to much seriously as you can tell ,, that said it does get boaring reading the same old shes out comments esp being when you know there being made by ppl sitting at home in there mums basement who probs are tighter than a ducks arse
No questions on inhouse tech? That's the first reason they are out with two non tech guys!
What’s going on with Steve and Naiomi? So much shade between the 2 lately
I’m convinced that blonde lady is broke. She never makes an offer.
Who Glenn? 😝😝😝
She's waiting for a Indian guy to come in with a 100% risk free multi billion dollar buisness for a 99% stake for a dollar
That's why she's NOT broke. She's SUPER careful with her Aussiebucks
i've seen her make the most deals so far
I am convinced that she is a santa without the present
Steve probably would have accepted 500k for 15% as he would have done anything to work with those attractive women. The business was a bust though. Maybe Steve can make something happen. But... Making $10,000 and they are getting 20% of that and pretty sure that is split between the 2 of them so $1,000 a piece. Bad deal imo, but I am sure Steve knows better than me or he made a huge investment just to get a couple girls numbers.
I’m from Bondi, I solved a useless 1st world problem while 785 million people don’t have access to water
Great show but doesn't look as nice when maybe 4 or 5 companies out of 30/40 actually receive money after leaving the show despite getting deals.
Most entrepreneur come up with stupid idea, may look good but once you peel the covers and crunch the numbers, investors run away
Wtf, they made it 25%, they should’ve maxed it at 20%