“I Want To Buy The Entire Company!” With XTorch | Shark Tank US | Shark Tank Global
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- Опубликовано: 4 ноя 2021
- Keidy & Gene are seeking $150,000 for a 10% stake of XTorch
From Season 12 Episode 22
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About Shark Tank: The Sharks - tough, self-made, multi-millionaire and billionaire tycoons - continue their search to invest in the best businesses and products that America has to offer. The Sharks will once again give people from all walks of life the chance to chase the American dream and potentially secure business deals that could make them millionaires.
#SharkTank #SharkTankUS #XTorch
“I Want To Buy The Entire Company!” With XTorch | Shark Tank US | Shark Tank Global
/ @sharktankglobal
The music editor of this show really wants to make sure his input can't go by unnoticed.
Its so silly and stupid 🤪 I love dragons den and clicked on this to try, but it's unwatchable and cringe
It’s so over the top.
@@AdamOBrien29 Dragons den editor is terrible at times too, especially when dead close the music just starts blasting
@@AdamOBrien29 agreed, I love dragons den too
@@AdamOBrien29 Dude literally the fucking same lmao I've been watching Dragon's Den and got curious about Shark Tank and clicked on this. It feels like I'm watching a TV commercial
Barbara: "I still like using candles when the power goes out, and for that reason, I'm out."
😂
Ultimate 😂
More like, "I use candles at my home just fine. I don't understand this. I'm out."
Lmfao! Love these comments
I am out, and for that reason, i'm Barbara
Kevin’s face when they said they donate 25% of their profits 😆
Ikr, he didn’t look so pleased.
It's a tank for business not charity
@@BandamameDkhar in the US businesses receive the most charity.
He was probably out for that reason
Its pretty dumb to be honest. 25% when you need that money to grow the business
It felt so awkward when he didn’t understand what proprietary means but was too embarrassed to ask, and he kept answering different things and they thought he was purposely dodging the question. Moral of the story, don’t be embarrassed to say you don’t know the meaning of a word, rather than being misunderstood by people.
Like he eventually did
@@ottomattix86 yes the third time after he mumbled unrelated bs twice.
OR, moral of the story, know the most basic principle of IP before going commercial with your investment. Or else people will somehow come away with the impression you don't know what you're doing.
😂😂
Yes I agree. I don't even invent products and I knew what that meant. Yes, I watch a lot of these, but that's his job to know this stuff. At least I think it would be.
Kevin: “Repeat after me: make money”
Them: “Make money”
Kevin: “alright then, I’m out”
💀💀💀
Yeah that was savage 🤣
I don't understand. Can you explain
@@rycenjopet6129 Mr.wonderful had them tell him to make money and since they were instructing him to make money his only way of doing that was to drop out. He was basically telling them they won't make money with this product.
@@rycenjopet6129 Some things, my dear friend, are not meant to be understood...
I just came here to like this comment 😂! Ahahaha, brutal guy 🦈!
Mr wonderful looks absolutely disgusted when she says that they are both a charity and business 🤣
Haha I knew he was going to hate that
@@bretclaar1663 25% of the profit is donated away. I would hate it too.
@@aziris7257 I agree completely. I owned a peanut company that did this. It worked pretty well to get free marketing. We donated 15% of profit. At our level it was well below what we would have spent to get that level of marketing.
That’s for a small high school business. It’s interesting though
@@aziris7257 charities can use the help. have a heart my friend. I give away, even when it hurts. with out generous people like them and many others who donate a portion of their profits, this country would fall apart.
@@jwwilliam6333 25% is 1/4. That means if you make $1000 a month, you are donating $250 of that to charity. How would you pay your mortgage? Your bills? What's about your children's schooling? Your medical expenses. From what I heard, medical fees in America is so high some people need to get gofundme campaigns to get surgery.
A business is a business because it's making money. If your business is not making money, then that's a hobby. Before you want to help others, you need to first make sure that you are capable of helping them. This couple is not standing on solid ground. I'll tell you why this is a problem on so many levels.
1. They have no patent, and therefore, there is no protection for their products, and thus they rely on branding and reputation only. Unfortunately, they have neither.
2. Their product is very easily copied. There is no proprietary designs in their product. There is nothing particularly special about it.
3. I can name 5 products on sale online right now that do pretty much the same things that this product does, and they are likely better than this. The only thing that can make this product rise high is branding.
4. 25% of profit is HUGE. You see, for a private company, when you make $1000 in profit, the shareholders do not get $1000 in income. Out of this $1000 in profit, the shareholders will generally get only 10%-20% of it. The rest of the money would be used to expand the company. Growth, growth, growth, that's how you become sustainable. This couple wants to pay charity higher than they want to pay their own shareholders.
5. This couple do not seem to know how business works. Their product is way overpriced (one competitor I've seen sold at less than half), they do not know basic business sense, their product is frankly of poor quality (a friend of mine bought it from amazon and said it quit working after a month) and they do not seem to care about profit.
I get it, they want to help people. They want to give everything away to people who needs them. That's fine, good for them. The problem is, they're trying to appeal to investors, not philanthropists. If they want to get funding for charity, they went to the wrong people.
I’m surprised Kevin wasn’t the leader of the Flashlight community like he is for the peanut butter community 😂😂
😂😂😂
He's the leader for the Fleshlight community.
@@ABSiamKevussy
😅😅😅
I want this flash light. Not only because it can be useful but I love that they are giving it to ppl and communities that need it.
Its one thing to say it and another to do it.
@@tony16991 Agreed. Was 60$ years ago, I doubt anyone here's dropping 80$ on an xtorch today. Nice folks, but I don't carry 80$ every day to give to nice people..
@@seanthomas5182 what are you talking about, it costs 50$ today
It not a flashlight
I agree but not at that price. There are many many others with the same features out there
They seem like really genuine people who care about their product. I hope they succeed in life.
They were going to sell it at 750k lol 🤣🤣🤣
@@sheronnipun8838 right. It's a lot of money. But not that much money honestly lol.
@@sheronnipun8838 everyone has their price. :)
I also hope they learn to use indoor voices.
@@Dalsemien do you see how far they’re standing from the sharks.. 😐
I personally love that they were also a charity and gave light (a basic necessity we take for granted) to those who needed it the most.
Charity? CORPORATE BEGGARS like that Party that hands out CORPORATE WELFARE?
They are "selling" to charity, not giving for free.
@@FriendlyPCGamers they sold to charity’s at first but they changed the moto and now 25% of whatever they make goes into 25% worth of their product that they give to charities now.
as a product made by 2 people that’s amazing but as a real business especially at shark tank that just doesn’t work out as it greatly depreciates the value of all the equity cause 25% would be gone not to mention what percentage the sharks take and the business owners themselves and such
That is actually a great idea. Donating SOLAR PANEL lights.
@J Boss Are you just "Boss" in the name but labour who work hard 24x7?
You need light in your ego.
Africans just don't want western scammers to trade and steal raw materials for almost negligible price trade off.
Get the fuck out of there, stay in west and do drugs more. Thats why one marriage is never successful, ego clashes too much, zero self respect.
SO IT'S A FLASHLIGHT 🔦 -Mark Cuban
he nails it every single time !!!!😅😅😅
The woman killed the vibe yelling at the sharks instead of just talking her pitch.
No bull, that high pitch over the top screech was driving me nuts
Yeah, she’s annoying
she reminded me of Janice from friends
She needs to put the cocaine down 🤣
Ah, I'm not the only one that was immediately aggravated.
"I couldn't stand to work with that tone and for that reason, I'm out"
I love Daniel so much. The lady didn’t even mention Robert but Daniel translated it that way to make him think they wanted to partner with him so he’d make an offer.
What did she say?
@@QuanLovesGaming “Oh no, please, give us an offer”
Good to know your not a bot that bought a channel
Umm no. He was just making a joke lol
@@JB-ke7no Maybe, because of the way they edited the interaction I think it’s hard to know for sure
Barbra: “Its not that bright and neither am I, for that reason I’m out.”
Barbara's not even on the show. Please give it a rest.
@@jenniferlawrence9473 you must be fun at parties 😂
😂😅😂😜
HELP
@@chaeriplease what's up
I love it when she said "I survived" with her hands in the air. So cute 4:36
This would definitely be sooooo helpful for countries who have constant power cuts, especially right now.
this is a basic power bank with the ability to be charged with solar. all power banks come with flashlight and a port to charge phones
If Barbara was there, she'd say: "There's something about this flashlight that I don't trust and, for that reason, I'm out."
Lol
True 😂
Ha Ha... you're right!
She will rather say, the flashlight is good, your story is motivating, the model is good so for that reason, I'm out lol
You know her so well by now. Lol
This is a good product. I think where they failed on their pitch was driving home the durability.
They started with the ice block. But made no mention afterwards. A reliable flashlight you know is going to work whether you fall in the river. It got buried in the snow. That is where they would have increased their chances at a deal.
Yes. It is just a flashlight. But it is a flashlight you can count on to work when you need it.
Wow that was a way better pitch, cost is also an issue but they should hire you as a consultant lol
Why would you be in the river at night? That’s just asking for it. You know what a better solution is? Don’t go in the river at night. I just saved you $56.
This was their major selling point but they didn't harness it... They only concentrated on its features.
@@iwishiwasthomasshelby when going hiking. You carry a flashlight even in the day. Sometimes you can get lost on the trail. And if on that hike during the day you fall in the river. Come nightfall. That flashlight will still work.
My point.
You're absolutely right 👌👌👌
Most flash light won't last even six months in best weather conditions
at 2:40 when mark and robert did the ghost thing with their lights it was awesome haha nice
Lori speaks and works so well with layman. RESPECT!
Just an update: they are sold out and are making great sales! I just preordered mine for mid November 👍🏽
Wtf?
@@stefanmariaschneider wtf indeed. this product doesn’t seem that great.
Just an update, they have massive production problems NOT great sales.
Stop lying.
Thanks for the update! I was about to Google to find out!
Good job whoever directed this. I so wanted to see "Mr. Wonderful's" face when she said we donate 25% of our profit.
time stamp?
@@randaljetawi3150 ruclips.net/video/nn-uMBLuTk0/видео.html
@@randaljetawi3150 1:22
To be honest, the power of editing could be deceiving. It’s possible that they edited a clip of his face instead of his initial reaction to the pitch. Most directors & editors manipulate that sequence because they like to build tension.
that ice cream machine is not down they lied to you too
The opening smash of the ice block immediately sold me
If this product is made of good materials then it is worth the cost. It would be for a very niche market. Not your every day outdoor family, but more for the mountain climbers, divers (If they had a depth pressure version), cavers, spelunkers, etc). I'd definitely buy it.
When she opened by saying "HOLA!" my brain immediately responded "SOY DORA!"
I used to live in an area where hurricanes were not uncommon. After bad storms, it was not unusual to lose power for a week at a time. My family would have bought 4-5 of these to light up our home during those times and let them recharge during the daytime. I can see emergency response organizations buying these in bulk.
The challenge is that you could have bought a lot more $10 flashlights to do the exact same thing.
That's not good enough, they have to sell hundreds of thousands
Please don’t. This is a terrible product for the price.
The problem is not its utility, the problem is there are tons of similar products at 1/5 the price
There are far better and cheaper options in the market. You can get this for $20 in India
Daniel's such a nice guy. Appreciate him so much.
Mr wonderful when he was doing the spooky flash light face and looking around🤣🤣🤣
Robert was more than fair with 500k. The guys has no sales and no IP.
I’d have to disagree, the sales your right about, but it’s a no brainier this product it’s self, once it’s patented, it’s going to worth a lot of money
It’s a lot of work and extremely competitive space. 500k is more than fair
@@CamDavila9 there's nothing to patent and it's too costly
Since there is no IP he could take the five hundred grand and then go start his own flash light company again on the side.
@@CamDavila9 They can't get a patent on that, most likely.
This is a perfect example of a company that doesn't have clear direction, they straddled the line between business and charity, they should have used money to grow the company larger and once you are a proven successful business then you can comfortably become charitable. What they failed to see was, Robert taking 100% would have gotten the product's cost down and would be selling units, units that could help people with lighting issues around the world. By them not accepting his offer, their product might end up taking a dirt nap and won't make a dent which would be terrible because it looks like a great product.
Poor people around the world can't afford a $55 flashlight lol
@@theNimboo It wouldn't be 55 if it was mass produced, and Once they sell units to non poor people and make money, then they can donate these or make donations. You don't need to 100% hit the mark on your customer base and consumer to still impact communities. If you make money you have resources and with resources you can then reallocate them.
@@K-Fed The ones that are half the price are from massive companies, if these two plan to sling it 55 they need to, because they don't have the network for cost productive scaling and infrastructure, all I am saying is with Robert's help you can drastically lower the cost of this and be competitive on a price point basis. Once you then enter that price range ball park then you can now become a viable option for consumers and usually when you have relatively similar cost items, the best product or known brand become the top 2 pickups in that price range.
Probably they should have sold at that price with a royalties of 25 cents per unit, best win-win scenario.
Still selling to this day
They just need someone to market this. This is actually a very revolutionary flashlight, but Kevin was right, they need to lower the price, their profit margin isnt that low either, it's just their sales. what they need is a very good marketing team, sales team, and advertisement team.
This show and episode could actually attract investors(sharks) for businesses.
Like Shaq invested in many of the companies
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value.
@maria sandra Oh that sounds good but how do i reach out to PRISCILLA DIANE AIVAZIAN ?
@maria sandra OKay i just found her website very impressive and dropped a message for her.,. i hope she reply me.
@@bartoszdobroslaw9774 Scam alert
Dismal sales, no patents and a half million dollar offer......?????
Robert was WAY more than fair.
They are really attached to it, I woulda taken that 500k in a heartbeat would've saved the trouble of their coming years
After investors see this show though, they’re liable to make better offers. I can see companies like Bell and Howell buy this up!
They have a product that's ready for sale.
That dude is delusional.
They can create a patents, they just didn’t know they could. You can tell from the fact that he didn’t understand when they asked the question. He did mentioned that he was that designed the lenses around the frames, which I will presume is proprietary to the product.
Mr Wonderful is so connected with so many communities; the flashlight community, the mink community, the ….
It's a solar usb charger. That alone is worth $55 dollars depending on how well it works. The flashlight is a plus. And it's durable. I would invest and upgrade
Barbra: Even if I'm not here, tell them I'm out!
They should have accepted $400K but instead of for 100% agree to 90% or 80%
so they would have potential to receive some profits in the future.
Kevin: I want you to say, "Make Money!!!"
Them: "Make Money!!!"
Kevin: "I'm out!"
Savage Shark 🤣🤣🤣
Lori - So how do you turn this on?
Hmm maybe the big power button?
It's hard to sell such a product especially to ordinary people. Maybe they could partner with hiking/camping stores where they can see the need for a such product and know how to sell and share the profit
Can you explain? It seems very versatile for outdoorsy people.
@@Libtardo123 might be about the price. Campers would pay the price. I don't know of other people will give out that much of money
No way I would buy it, even if it was $10.
Barbara: your flashlight keeps it bright in my room and I’m afraid of the dark, therefore I’m out.
Sure, there are plenty of flashlights with different features, but that’s because lots of people will buy them, especially for the solar/charger aspects. I should look up the percentage, but many people go camping annually which this would be very useful for. I can instantly think of several people I know who would love this product. I think it’s great, it may not turn into one of those big main brands, but it is good, and these people seemed so sweet and passionate. Selling their entire company for that low of a price, especially after it begun because of such a tragic story, is crazy. So glad they didn’t take the deal
INFORMATIVE & CONSTRUCTIVE DISCUSSION
They should have countered on the first offer with a possible royalty deal... if not then ask for 500K.
great idea
That would depend if you have a plan B to invest that money... otherwise you're selling your soul to the devil who will make millions
I would have countered with exactly what Robert offered but a royalty of $1.00 a unit for 36 months, then it goes away. That way you have the 500K to fund the next venture and some monthly income to help along the way for the next 3 years
That's brilliant but the guy didn't even know what proprietary meant.
@@jordankyte9203 I was gonna say 😂😂
@robbie cool story bro.
@@jordankyte9203 I was shocked when he had to ask what proprietary meant.
Basically Robert was offering to buy the couple out ie they would have no future involvement in the company. Unlikely a royalty could be paid in that way to someone with no patent.
Put this in truck stops. Loves, Petro, TA, Flying J, Pilot… same price point. You won’t be able to make them fast enough. Especially if you add a strobe. Even better if they strobe is red. Now it’s a safety device hanging off the end of my oversized load or when I’m broken down on the side of the road.
I've seen a ton of Simularities to this product. Like Nova Flashlights, 4 Patriots Solar Powered Chargers from Cade Coutley.
I like the fact Mark can humour people, humble and funny
I wish they had focused more on the solar charging capability of this product and its ability to hold the charge. Any decent battery pack would cost you upwards of $40 and takes hours to charge.
Who uses solar and relies on a sunny day to make their product work? Their are too many other cheaper, easier, and more reliable products.
@@bzsbzs350 It is not for people who have access to power. It's for those situations where you don't have access to electricity, like an extended biking trip, camping, etc. In those situations the abilibity to drain the battery charging your device, and and then charge the power pack without electricity source is a God send.
@@zupi.ejust search up solar power bank im sure plenty of those exist
Legend has it that it's still a flash light.
"It's a flashlight 🔦" 😂😂
I mean I would've probably kept saying that too. It is 😅😂
The poor guy is trying to grow a brand and product that’s poor on sales without knowing what the word “proprietary” means and then turns down half-million dollars…wow.
But he’s trying. Most people would think about those challenges and give up before starting.
Biggest idiot to ever walk in there. He doesn't own anything proprietary, he could take the half a million and then go start his own flash light company doing the same damn thing again.
@@billsmith8825 Typically with acquisitions, they have non-compete agreements for at least 18 months but with the cash, they would be able to create the new product in the mean time before they start to market.
I would have sold it with 5% royalty
@@EntreamigosconMarlene Bingo!! Guy wasn't using his brain
I love Lori. I love that she explained it without contention so he could understand
Greetings from Doberqan we all love your show ...keep up with the good work :P
2:40 Lmao The exe producers understood the assignment 😂😂
He tells that story about his Fiancé almost dying and they proceed to make fun of him for "inventing a flashlight". That is Mint. 😂
Barbara: "By your own omission, a candle does the same thing... and it's cheaper!
For that reason, I'm out."
Honestly i used a bunch of flashlight in my life. U learn fast that most important thing is duration of working time and luminence, all the other thing is extra. Havung said all that design wise amd utility wise this flashlight is one of the best i ever saw, if it still exist i might buy it
Al those flashlights have the same problem..they guarantee everything but the switch...thats what breaks...they never guarantee the switch
Barbara: i don't want to be on the show anymore, therefore im out.
In this economy the sharks are CRAZY! I am a poor person... I feel like the battery on this thing alone is worth the flashlight. Stays charged 3 years in storage and can be engulfed in ice!? If it comes with a reasonable "lifetime warranty" I would be more than willing to pay the 60 for a good solar light/charger. The price of EVERYTHING is soaring up and up. 750k was fair for them to trade a business they built with their hearts. (nonprofit is from the heart) when Robert would be able to take this whole design and fly with it and make back plenty of profit back, and be able to patent it fast!
To be fair though, I've seen many versions of a flashlight similar to this. If I'm going to spend 60 bucks, I can buy a high end durable multipurpose flashlight and a durable power brick for the same cost.
And now that the owners realize the importance of having a patent, they themselves can patent it being that they designed their own lenses for it. Thus increasing their own value if they were to offer a stake in their business in the future. It's unwise to fully hand over your business to a billionaire who knows how to make money and has all the connections... They could have done 500k for 80-95% and still recieved a nice income. But they were not that wise. They didn't even make that an offer.
I think the product would be very useful in developing countries but its cost to manufacture is too high to be affordable over there.
It's a very competitive market and no guarantee they'd get a patent. 500k was plenty, no need to go to 750k
@@Andysaid420 your right. They should have made a better counter offer.
@@Andysaid420 precisely, the first thing i thought was instead of offering 500k we'll do the deal for 450k but we keep 5% stake in the company and let us run the non profit side of the business. It's a safe play that let's them continue the original reason they started it.
It's is a very valuable lesson the one they got here: you can have the best product ever, but if there are no sales, there's nothing.
hotels, especially resorts would love this. proper sales and marketing and price point review
Barbara: “I actually like sitting in the dark when the power goes out, and for that reason I’m out.”
Imagie being in the tank and hearing Mark make this sound: 6:41
It was the funniest sound ever LOL
Cuban, Robert, and Daniel are the BEST on the show. Cuban LOVES to see the average joe get rich. whenever anyone is countering he gases them up and tries to help them remember to haggle back.
"Pls make sure Robert gives us a good offer "
Lol
The offer was beyond degrading, I am glad they did not sell. Robert knows the product is worth so much more. My family has been off grid for almost 3 years and have been looking for a device like this one. I would pay $60 and buy several.
Your off the grid but you talk about this like it’s nothing how are you even on RUclips is it even legal how do you even make money stop bullshitting me
@@amuzeweevil5933 could be at friends house or workplace computer
@@gpug4415 watching shark tank for consumer products?
@@jsmith434w I watch shark tank at friends houses. Shits fun
you would pay 60 dollars for this... i give u the same flashlight (different size/shape/name but same functionality) for 30 dollars^^ than i have made 15 dollars for me xD... 3 years off grid... nice story bro...
When you go on Shark Tank and don’t know what proprietary means you don’t belong on Shark Tank
What they should have done was sell the company and then have him hire them back for 2-3 years and then have him pay them a royalty of like $5 to $7 for every unit sold afterwards. That would have been a boss move.
That is basically what I was thinking. "Robert you are at $500k and I really need $1 Million." "Robert how about the $500k and then $1 dollar per unit until I get the other $500k?"
I can listen to this woman's voice all day
7:40 It suprised me that he didnt get mocked for asking the meaning of "proprietary", infact they explained it to him.
I'm sure they did. There's a lot of unseen footage behind the scenes.
Multi purpose flash light are one of those products I've always been interested in as a kid. There are always so many novelties to it. First it was a kinetic torch I had as a kid, then solar and also these multi functional ones that can turn to la tern and all. They all seems great and very useful but the problem is always the longevity of it.
Most kinetic torch can light pretty well at first but cant really charge well anymore no matter how much you squeeze them, you'd basically have to constantly squeeze them to get a weak pulsing light. Those USB rechargeable and solar rechargeable lights also dont charge well after several uses.
I doesnt even have to be quick at charging it just need to reliable and consistent. At that price I 'd want one that shines just as bright after many uses at least.
The phone usb charger I feel is unnecessary and should be a separate product. Like solar charged power bank. But since they're selling it as like an emergency durable flash light it has to be too very durable. It may hold up in that ice but the looks of it just
Doesnt seem durable. They should show how well it still performs after being submerged in water or mud and also physical abuse like dropping from a height and such.
Even something as simple as the on off switch is problematic. One of the sharks asks how to switch it on. Judging from the looks of it it's because they are placed right beside the logo with the same colouring and size and even line thickness of the logo not to mention its flushes to the surface too.the surface seems too smooth for something that's meant for harsh conditions. I dont even understand why the body is that flat when the reading light is not even that wide, seems like it would make it difficult to hold as a regular flash light. Besides considering how the reading light is place without as shade or some moveable parts to angle it down, it is not very practical as a reading lamp or a table lamp.
There's just so many things that isn't very practical, they need a better designer for this product.
Calm down.....
@@actualfactual8737 💀
Nice essay. Didn't read a single line. But i hope you're happy
You have a lot of time on your hands.
Bro wrote a essay about a lamp
That's a neat way to break the ice, I'm using this in every social situation from now on.
"Lady, I pay whatever you want, but be quiet!"
2:55 that’s a good price seeing that it’s also a battery bank. Most portable chargers that only incorporate the basic function of charging cost around the same and likely have the same amount of battery.
They need to take this to stores like REI market to hikers, campers and van life people. Solar chargers are not inexpensive and not always handy to carry around larger chargers. Hikers, campers, etc. will consider this two in one option. They have a good product/name, not enough marketing/business skills.
4:36 I don't know why I found that so funny 🤣🤣 (it's her voice and not in a bad way lol)
4:49 😂😂
"ANODER SOLER FLASHLIIT" lol she's great
When I saw the title, I guessed it would be Robert. I remember when he bought the entire company from the guy who invented the tiny vinyl player, although I do wonder if he went through with that. He just recognized that the guy was more of an inventor than an entrepreneur. He also offered the guy a job.
I like how these million and billionaires are handed flashlights and they all turn into little kids again. Always be young at heart.
The background story is such a great pitch =]
When a shark makes these kinds of offers, he probably already has a distribution deal that he's thinking of where he can plug the product into and make waaay more
He would have stuck them on Amazon made a few million till it got knocked off then offloaded it to someone else or just closed it. All the sharks have their own amazon pages that move massive numbers of products.
@@brockgaudlip2389 Then why wouldn't Robert do 750k if he would've made millions?
@@jamesgeshel7867 his ego was hurt
@@jamesgeshel7867 greed.
@Brock. Post the link to their "Amazon pages" 🤣. Acting like Amazon is Facebook lmao.
with everyone stocking up on emergency items rn this would be a great product to go into an emergency kit
They took apart a bunch of other devices, threw away the junk, and combined the superior parts into the Franken-Flash-Light.
The sharks are laughing at this, but in developing countries this has HUGE potential. Yes it's expensive, but way better than the crap we used to use where one drop of rainwater breaks the whole thing and you're swimming in darkness.
I love her she’s top tier “ oouuuuu don’t get me started on this” had me crying
1:23 look at Kevin's face after she said they donate 25% lmaoo😂😂😂
I swear the lady was gonna say "Hola, soy Dora" at the start 🤣
The music Editor thinking of the next pandemic like:
YEAH No your not laying me off again.
I’d be very weary about joining a business where the owner doesn’t know what “proprietary” means. Robert made the right call here. Either buy it all or leave it.
Barbara called into the show just to let everyone know that she’s out.
🤣
@Gabriel C - 1. Barbara did NOT call into the show. 2. Your comment is NOT funny!
@Abi Thomason yeah but WarriorMan Maxx is the authority on humour
Lol
0:14
I thought she was going to say “hola I’m Dora” 😂
I’m with you all the way haha.
I feel like personally having such a big overarching idea like the timeless child to explore is definitely more than enough. Any more than that I think is just too much. Simply just in terms of story.
And there’s also the implication of impacting what are perhaps some of the most emotional and important moments for each doctor
"$60 is too expensive" - Sharks
Meanwhile, they all probably have iPhones with $60 basic charging bricks 🤣
except charging bricks are way less than 60$ This light is chinese made single LED bulb , literally costs 20-30$ MAX anywhere online. robert would've lost money if he bought it at 500k, horrible outdated product and price.
The everyday person probably wouldn’t spend that amount though. The sharks are wealthy.
@@megaxboxx so what?what do you think ,how much does it take to make a Apple charging brick.. or even the apple power bank...
I think they had very poor Marketing stretegy
@@rareoriginal1787 yea sorry ranjeet learn to type
wrong comparison
Honestly, I think it's a great product. Sure, there are similar products, but I think with everything they have a good niche. Sure, maybe lower the price a little, but that will come with demand and growth also. I would buy it, in fact I'm sure I will when I get camping again and to throw in my truck. I'll remember this. So, I think that was a big mistake of the Sharks.
cool product ngl
Bruh even you lower the price to 40 dollars no ones gonna buy it.
It's a good product. Maybe a bit pricey but it shouldn't be too hard to convince people to spend 60 bucks on an item designed as a survival tool.
One issue is the lack of patents which means there is nothing stopping other companies from producing the exact same thing. You gotta roll it out quick and build the brand before the market catches up. I think that's what Robert wanted to do and he knew the owners would just be a drag given that they have not pursued any aggressive sales on their own.
YOU MEAN FORTUNATELY FOR YOU 🤔
same here, Im going to buy some for a family in Guatemala. They could really use these!
Some people missing the point and the patents. It's not just about them not having any patents, it also opens them up to being sued by the people who actually own the patents of the tech they were using, since he literally said what they did was to dismantle other company products and put it together
Kevin hahah "flashlight community" 😭😭
This is so weird,
1. What is Robert paying $500,000 for? I mean what is he buying.
2. Founders: we are business and charity
Robert: I want the whole company
Founders: $1 million
RObert have technological companys , he could make a similar, fast better torch with his people for 100.000 dolalrs so wgy buy this?
im convinced robert was just trying to make good television, as the sharks do sometimes
He's buying the product and brand itself. He will likely close the company to cancel the 25% charity deal, if it was ever signed and bring the product and the brand to a new company he will create. Then he would do some R&D to make a heavy duty survival gear or something. Sure he could just make a new design, but it is quite likely that the design is worth nothing in his eyes. He just wants the brand.