Having watched too much shark tank recently. The Aussie version of this show seems by far the friendliest. Even when they are rejected usually they are telling them how much they admire the person for attempting. It's just so fucking wholesome.
@@notfunny3397 sophisticated doesn’t mean better. In fact, she mentioned a “mechanism”. Any scoop that isn’t considered a single solid piece is probably not actually worth it, given that fine particles love to hide in crevices, especially if they are joints.
yep it's true. there is no real market for this because consumers would want a scoop you can store the powder in and it already exists, this doesn't store powder.
If you ever watched the US version they've got people asking for millions, and getting offers. This is like asking them to fund their lemonade stand in comparison.
Apart for the fact that took them 2 years to figure it out the diameter of the bottle, I have been using scoops for years and always wondering why someone did not did it before. I always used funnels instead. All the sport supplement companies should move to something similar.
The editing is so bad. The reactions are clearly picked, so artificial. The flow from one vibe to the next is really not smooth. The over the top soundtrack doesn’t help either. Tone it down, folks.
The format of this show is very much geared towards American audience (U.S.A). The constant transitioning and dramatic soundtracks are to keep the audience engaged. I'm in no form or sharp implying Americans have very poor attention span, but I do think that's the surmise of the producers of most American shows. No source, pure anecdotes.
@bobwatters, it's obvious they were probably doing it themselves, without any form of Engineering background or Engineering person to bring in. I'm sure they counted elongating, shortening the pour / lengthening, shortening the handle as "different" prototypes. Some of the simplest products go through just as many prototypes, to make it as near perfect as possible.
The Red Mage being dumb isn’t a good reason to not like someone, along with just on the physical appearance. A lot of really intelligent people go to gyms and look very good. Also, dumb people can be the most nice/accepting. There’s a big difference between rude and dumb.
At my school most of the jocks were also AP kids. The only dumb people were the do nothings who sat around smoking weed and fucking all day. My best friend was a track star who got into the USAF academy and went to work for cybercom. Fittest guy I knew and one of the smartest. Not everyone is a fucking stereotype.
"Michael, he's got a jump on you. He's sold 1000, you've sold 0". Joke aside, I do think you can try selling it locally through word of mouth. Don't think they have any proprietary ownership on the design but that's just a guess.
To all of you thinking this business is a no-brainer... They came up with a solution to a problem that is largely neglected. They had to research the market, design the prototypes for size, weight, balance once full, proper curvature, color transparency, etc. They had to figure out the material, learn about health friendly plastic, find a manufacturer, make a deal, and invest in a couple of batches. They also had to think about the packaging, design, razor slice their margins, find the right influencer, get in contact, invest a lot of money in the process, and launch. They maybe even had a website with payment processing integration at the time of this pitch, plus some social media presence. They were also clever enough to come on Shark Tank, with a presentable pitch, a properly set up legal entity, with the right valuation, ultimately scoring a deal with two sharks. Yes, very easy...
@@prb16 yes its not too small but its still a problem to get it in when you feel like your in a hurry baby crying. Im a mom of a 4 month old so i wpuld buy this also very handy to have more then the 1 spoon they give with the package. Spelling error can be there im not english
@@danh5637 true. They're prolly better off displaying in its own shelf in supermarkets for a while to advertise it. Maybe even have people demonstrate how it prevents spillage with different types of bottles (baby bottle, plastic bottle, etc.)
It’s a common saying by people who don’t realize they can still make money with a product if they agree to a royalty for every sale until they get their money back. They don’t want a percentage of a business that only has one product because it is very risky.
As much as I don't like this Australian version of the sharks, and as someone with extensive experience in startups, they are right: a product is not a business and this is a product. Business is when you have a product and you execute on it, not just have "I'll sell it in supermarkets" as a strategy. It's when you have vision on numbers and projections, how to get you there, what kind of people you need with you to execute. Ideas and products are worthless without proper execution and team, and that's what a business is.
By that they mean that its a one and done with that certain product as opposed to a business where you can expand upon that product and have a full line with more and more room for growth
You hear that on the American Shark Tank a lot. When its a single product and not a company with several products that bring in sales that's very different. Everything's hinged on one product.
because it is indeed a product, a business is something that doesnt rely on a single product to continue, its nice that they are doing well, they released new colors, I hope they can think of ways to expand this brand
This product is great! Make a nice thicker or maybe even aluminum version to purchase for $6-8 maybe even a set create some buzz, and then make a thin plastic version to sell to companies that include such scoops with their product and make this scoop the new standard
the coolest entrepreneurs I've seen on any shark tank.... simple product, simple pitch, simple answers not too complex.... everyone is happy and smiles all the way...
1 day later, 10 different styles and same utility scoops are made available in China for a dollar for a pack of 3. And also bottles that goes with it. Including Generic Bottles with different sizes with scoops for supplement manufacturers. And they also provide label printing.
Gosh.... imagine if they brought this product to Dragons Den UK, they would be grilled to the floor and that girl would be brought to tears, it wouldn't be as jolly and light hearted as this at all!
I know this isn’t how it works but I like to imagine that there’s like a whole orchestra just off camera and every time something slightly interesting happens they have to play like random sounds.
As someone who’s used the “competitors” scoop with the funnel on top (Comes with G-Fuel if anyone’s had it before) it still sucks and I think that this product is way better...
the scoopie you can actually store the powder in take it to the gym with you without taking a whole container to use their scoop. they really missed that this is the most likely use case for a post buy scoop!
Scan End dude... they make that too. I got it with my “Team Kaliber Special Edition” it’s the same as the regular one it comes with except it has a rubber plug on top so nothing comes out. Soooooooooooo yeahhhhhh 😂
I totally disagree. The Aussie Sharks are much more likeable than the Dragons on the British show, and I just like the whole atmosphere of the Australian version way more than ours.
@BrownSugarFJ YT How's that? Do they strap you down, force your mouth open, and shove fattening food down your throat? If you're overweight through gluttony, point the accusing finger at yourself rather than others.
Problem with this product is that people can just 3d print simple things like this these days, and in the future it will become even easier. Another problem, China. Another problem, this shouldn't be sold for 6 bucks, too expensive for a little piece of plastic.
@@OieseGG It's not an irrelevant point, especially when you think about the future, which is something a company always has to look at. And you don't have to own a 3d printer, 3d printing services are emerging everywhere already. 3d printers are becoming really cheap as well (130 bucks) which is something a lot of DIY hobbyists are already seeing the benefits for today. And no one is going to sue you for 3d printing something that has a patent on it, so that's another problem that will be a risk for companies.
I can’t find their business’s net worth as of 2021 but as of 2019 their business is now worth around $67 million. But “it’s just a left handed spoon” huh?😂
If people *like* you, you will succeed. Guaranteed. They are likeable, they look good. As a result, they easily impressed people and made connections with this ultra simple product, and found someone who helped them succeed. Just like the proven phenomenon that a jury will give more leniency to a good-looking defendant than an ugly one, the same applies to the business world. If you're likeable and have tenacity, you will succeed, always with the help of others who see something in you. If you're ugly or unlikeable, you'd better have a damn good idea and be able to stand on your own two feet each day, otherwise all those rich helpers will turn their backs on you
Honestly, a gym shaker bottle of $8 or $9 has a huge opening which doesn't need a special scoop, a built in filter, a built in compartment to store powder.
y'all laughing at them 2 years ago and that "it's just a scoop" is worth 64 million dollars now and at that time it was estimated to be worth a 100k . now that's a big jump
From a $100,000 valuation to a $62,500 valuation and from 75% equity to 60% equity... best decision that couple could ever make. It would have taken them years (or they never would have been able to do it)... they NEEDED the sharks. I think this is a great investment for all of them.
I think a good business model for them would actually be to pivot into the larger all kinds of powder business. License the design to baby formula companies as well as any formula companies at a cheaper design so they're disposable. The baby formula company gets to have a new selling point while these guys now have a stable b2b seller.
They have teams. So they'll have different managers who handle branding, production, tech, laws, ect. And the shark will cover general direction, and who to introduce. Kind of like bar rescue. Jon has different people that he'll bring in depending on the resturant.
Steve Baxter is a venture capitalist. His company is literally just people that go around managing all these business day-to-day. For the rest of them, they tend to offer "mentorship" - which is a 30 minute coffee once a month - not actual management support or business consulting for the business. For this scoop, after their 20 phone calls, once they found some buyers and some stores that were happy to stock it they would be done, and it's on the entrepreneurs to manage the business from then on. If the business gets massive, then the shark might agree to sit on the board and so the company gets around 10 hours of their time a month. At best the smaller businesses get a business persons phone number to call when they've got tough questions, and some support when a bigger business approaches them for a takeover.
I had just started watching these videos and that was my 1st. Thought: How can these people manage ALL these they take on Thank you for answering my inquiry Benjamin Collins.
Here's an idea: use reusable water bottles with a larger opening like a REI 32-oz bottle. Less waste, scoop size matters less, and you can hold more water than most disposable water bottles!
This is actually a really smart idea should make it in metal though .. could raise the price and sell it in target/Walmart w formula as well Lasts longer and sells for more it would raise interest
Could be because they use a 3rd party to manufacture it. It may cost the manufacturer that much to make but obviously they would likely sell it for more than cost to cover materials, labor and overhead
@ben1spain cheap labor isn't really relevant to a plastic mold that is being pumped out by injector machines. They either got a deal on a mold or they're being completely ripped off on how much each unit costs
@ben1spain The mold is the most expensive part of the business in terms of customer facing expenses. And when you're ordering tens of thousands of pieces the price should scale with it. A plastic piece this small shouldn't cost anywhere near this price.
@@Neomanee Lets calculate according to your assumption. 2 cents per unit, and order of 20k. 20000*0.02$ = 400$ You think 400$ enough to cover the manufacturing cost of this thing??? Mould alone would probably cost at the very least 3k AUD. And then theres the other overhead which you seem to underestimate. Also dont forget the manufacturer also want a profit from this, theyre not charity.
@@blazkify Yes, as I told someone else, the mold is going to be the most expensive part of this. And yeah sure they'll probably also pay for shipping but once the mold is made it costs almost nothing to produce the pieces.
"Sorry we can't offee you a deal." *they're literally having their interview and ready to go home* "Actually, could you come back in here?" Damn, it's really like Lord of the Flies in Australia.
Same here! Larger opening, and also larger contents - 600ml. The only problem is a keep leaving them behind, and have to buy new ones. Then I have gatorade which I don't really want. The boss spoon works with an ordinary water bottle.
On their website it notes that it is more effective than a funnel due to the different textures of protein powders and the thicker textures could disrupt the flow through a funnel !
Man I’m in the USA and I’d love that damn scoop! I do have many powdered supplements and the scoop is either all the way at the bottom of the powder or not even there at all! I’ve probably spilled and wasted a full serving just to use it. This product deserves respect lol
Most reusable bottles have a wider opening in my experience so this product seems to necessitate the continuation of disposable plastics which seems very shortsighted.
2:45 - look at this awful editing, for drama. It makes Kitchen Nightmares look authentic They even show the real scene later, where the Shark shrugged.. 4:06
I actually faced this problem many times. Solution: Take the existing scoop like a shot and chase with the water bottle. Made less mess and felt like I was already partying.
I’ve watched a dozen of episodes from this version of shark tank and this is the first deal I’ve seen, which it wasn’t much of a great one tbh. These sharks are much more difficult than the ones on the American show and keep saying “it’s a product, not a business” which isn’t the whole point of shark tank to bring a product and turn it into a more profitable business?
Just bought a set of 5. Supplements on the run are always tough, with one in each car, gym and travel bags it is possibly the best solution. Interested to see how they go.
They're targeting the wrong people. They need to patent this and selling the rights to the supplement manufacturers, who can then include scoops with this design in each box. A consumer won't buy this to use repeatedly, but it has value as a disposable tool.
I’m sure people with babies would make them BANK. If there’s anything I’ve witnessed and been shocked by as someone who is childfree, is the amount of money people (new parents) will spend on stuff for their babies, especially if it saves them time. If a parent of a 10 month old takes 5 minutes to make a bottle of formula, this can halve that time. Baby bottles have small mouths but formula scoops are HUGE. I don’t think they would like to make a funnel with paper or foil or anything every time they need to make a bottle. The product has potential.
0:29 “two years of research shows that bottles in different countries have the same opening” ... they call that standardization norms. That takes an hour to find out. Not 2 years.
The real issue with this product is that all powdered supplements serving scoops are different sizes and vary depending on the dosage required. The easy way to counteract this would to weigh the bottle and tere it on a food scale, although, that’s a pesky extra step. I’ve thought about making a product for this scenario for ages lol
This needs to be licensed, supplement companies design scoops based on dosing size, if someone used this on a pre-workout they might be getting too much or too little active ingredients.
This is dependent on plastic bottles being used, rather than a reusable one where you can take off the entire top. How many people use these powders in one-time-use plastic bottles over reusable ones?
Barbara - i dont feel your vibe, so im out Jenny - i do love your product, but im out Naomi - i will definitely refer this to my customers, but im out These ladies lol
I use a shaker for powdered drinks. It’s a lot less easy to lose or break, has a giant opening perfect for all size of scoop/spoon, and makes less waste
All these vids should be called rich billionaires play with small businesses owners dreams for the entertainment of the middle class
Parayeet so accurate 😂
Yep.
Coca Koala highly doubt it. On the U.S. version I think only Mark is a billionaire,
@@ericcartman1328 no lol these people aren't worth shit
Parayeet ah yes rich billionaires, opposed to poor billionaires
It took them 2 years to find out that all plastic water bottle openings are the same size?
Eric Nguyen they had to fly all around the world to buy water bottles.
Hey google are all bottle openings the same size?
Yeah my thoughts exactly...
And that’s not even true either. Some brands have made their caps smaller to save plastic.
@@Sulfen but the opening is still the same size
Having watched too much shark tank recently. The Aussie version of this show seems by far the friendliest. Even when they are rejected usually they are telling them how much they admire the person for attempting. It's just so fucking wholesome.
US Shark Tank is so different lol
The Yanks have Shark tank, and us Aussies have Dolphin tank.
Nothing wholesome about your post though
@@mickeydowel this would be funnier of dolphins weren't freaking asshole beasts...
I watched like one pitch for UK dragons den and hated it so much they were just rude and nasty
3:39. It's a simple problem no one had ever gone after solving it
Moments later... Some other guy sd 7 million of these.
With a cheaper and more sophisticated design
@@notfunny3397 sophisticated doesn’t mean better. In fact, she mentioned a “mechanism”. Any scoop that isn’t considered a single solid piece is probably not actually worth it, given that fine particles love to hide in crevices, especially if they are joints.
I actually have had a much better one than this in my opinion for years now. The one I have has a little funnel at the top.
@@cthecheese1620 I was just pointing out that they managed a more complicated design for cheaper
The company’s net worth is 1 million now if anyone was wondering.
Nice, thanks.
Sheesh
Bull
You serious? Is there a source.
That's actually not bad considering it's just a scoop.
That's trash for a company but at least there rich
Theirs a reason why companies have scoops like that, they want to to spill the powder and use more product faster and buy more of it
Matthew McLeod lol
ur a a walking Genius matthew
Or just use a fucking shake container.
Damn
yep it's true. there is no real market for this because consumers would want a scoop you can store the powder in and it already exists, this doesn't store powder.
This product can be easily copied by some chinese company and they will be selling it in $0.50 cents with better quality.
Thats why the couple has to build a brand as soon as possible
@@slidejones6033 Yes the world over people will push each other put of the way to buy only the bossscoop to make their protein shake.
most desi comment ever, but true.
Not if they have a patent on it
@@Eckoman18 a patent on a spoon? 😁 😁
“25 grand is like a coin toss isn’t it” well must be nice id like some coins please
If you ever watched the US version they've got people asking for millions, and getting offers. This is like asking them to fund their lemonade stand in comparison.
@@elbruces It's Australian dollars so it's even less than that
@@rep-vile one AUD = 76¢ US, for those in the future watching, of course bound to change when the US market crashed in a few months
@@elbruces I felt the same way when I was watching Dragen's Den Canada
right? Ill take a couple of those 25k coins
Apart for the fact that took them 2 years to figure it out the diameter of the bottle, I have been using scoops for years and always wondering why someone did not did it before. I always used funnels instead. All the sport supplement companies should move to something similar.
Obviously they did other market research besides just that 🙄 People in these comments have no idea how extensive market research should be lol
Ikr that killed me
Did not did
6 dollars !? *laugh in Aliexpress*
It isn't on aliexpress?
@@ryanteo1934 it will be
🤣🤣🤣facts
it’s now $20 😶
Gotta love the Chinese illegally skirting international copyright law.
The editing is so bad. The reactions are clearly picked, so artificial. The flow from one vibe to the next is really not smooth. The over the top soundtrack doesn’t help either. Tone it down, folks.
The format of this show is very much geared towards American audience (U.S.A). The constant transitioning and dramatic soundtracks are to keep the audience engaged. I'm in no form or sharp implying Americans have very poor attention span, but I do think that's the surmise of the producers of most American shows. No source, pure anecdotes.
Yep. Spot on.
@@mountainman6172 I can agree with this to a certain extent. It's why so many of us enjoy some british programming or slower paced shows as well.
@@mountainman6172 oh no you are correct....the usa population is just garbage except me and I am moving to your AUS
@@mountainman6172 Australians just copy every american format show that's exists, that's the problem. And they are usually a much poorer version.
- 2 years to find out that all water bottle holes are the same size.
- 80 prototypes to make a basic scoop.
“Cheerleader marries the jock” was right.
@bobwatters, it's obvious they were probably doing it themselves, without any form of Engineering background or Engineering person to bring in.
I'm sure they counted elongating, shortening the pour / lengthening, shortening the handle as "different" prototypes.
Some of the simplest products go through just as many prototypes, to make it as near perfect as possible.
That's why I generally don't like sports/fitness people, they're so fucking dumb.
The Red Mage being dumb isn’t a good reason to not like someone, along with just on the physical appearance. A lot of really intelligent people go to gyms and look very good. Also, dumb people can be the most nice/accepting. There’s a big difference between rude and dumb.
At my school most of the jocks were also AP kids. The only dumb people were the do nothings who sat around smoking weed and fucking all day. My best friend was a track star who got into the USAF academy and went to work for cybercom. Fittest guy I knew and one of the smartest. Not everyone is a fucking stereotype.
The Red Mage sounds like an excuse for being a fatass
When he corrected him saying "its a scoop, mate" i lost it
Just designed this scoop in CAD whilst watching this video... Now I can 3D print it in 1h for 0.10$ worth of material lol
seriously? lmao
post link then
@Jason Coughenour ye, it's a 3D printer, not particularly known to be fast
"Michael, he's got a jump on you. He's sold 1000, you've sold 0".
Joke aside, I do think you can try selling it locally through word of mouth. Don't think they have any proprietary ownership on the design but that's just a guess.
@@nephronpie8961 I’m not interested in selling anything lol. I was just saying if I wanted one I’d try 3D printing one first
To all of you thinking this business is a no-brainer...
They came up with a solution to a problem that is largely neglected. They had to research the market, design the prototypes for size, weight, balance once full, proper curvature, color transparency, etc. They had to figure out the material, learn about health friendly plastic, find a manufacturer, make a deal, and invest in a couple of batches.
They also had to think about the packaging, design, razor slice their margins, find the right influencer, get in contact, invest a lot of money in the process, and launch. They maybe even had a website with payment processing integration at the time of this pitch, plus some social media presence.
They were also clever enough to come on Shark Tank, with a presentable pitch, a properly set up legal entity, with the right valuation, ultimately scoring a deal with two sharks.
Yes, very easy...
If they're not going to use a funnel (which people do) then at least make the other end of the scoop wider ...
Oh wait, that's still using a funnel.
They should make a deal with babyfood companys ,baby milkpowder always hard to put in the bottle without spilling and parents would pay for this
Baby milk bottle has wide opening i thought
@@prb16 yes its not too small but its still a problem to get it in when you feel like your in a hurry baby crying. Im a mom of a 4 month old so i wpuld buy this also very handy to have more then the 1 spoon they give with the package. Spelling error can be there im not english
Why would a company sell a product that makes the consumer use less of their powders? Spilling is part of the business model.
@@danh5637 true. They're prolly better off displaying in its own shelf in supermarkets for a while to advertise it. Maybe even have people demonstrate how it prevents spillage with different types of bottles (baby bottle, plastic bottle, etc.)
I see lots of scoops exactly like theirs in baby formula canisters.
i’m confused do they not want products in australia they keep saying “it’s not a business it’s a product” like i thought that was kinda the point
It’s a common saying by people who don’t realize they can still make money with a product if they agree to a royalty for every sale until they get their money back. They don’t want a percentage of a business that only has one product because it is very risky.
As much as I don't like this Australian version of the sharks, and as someone with extensive experience in startups, they are right: a product is not a business and this is a product. Business is when you have a product and you execute on it, not just have "I'll sell it in supermarkets" as a strategy. It's when you have vision on numbers and projections, how to get you there, what kind of people you need with you to execute. Ideas and products are worthless without proper execution and team, and that's what a business is.
By that they mean that its a one and done with that certain product as opposed to a business where you can expand upon that product and have a full line with more and more room for growth
You hear that on the American Shark Tank a lot. When its a single product and not a company with several products that bring in sales that's very different. Everything's hinged on one product.
because it is indeed a product, a business is something that doesnt rely on a single product to continue, its nice that they are doing well, they released new colors, I hope they can think of ways to expand this brand
That dude has skipped leg day, since he started fitness
Engineers Freetime that’s why he only takes the shirt off
Ahahahahah thats the first thing that came to mind when the video started
Skinny ass legs hahahah
She sure didn't 🔥
Yes legs are the most brutal to work out. Thats why many guys avoid working them out correctly.
Lol sad haters
This product is great! Make a nice thicker or maybe even aluminum version to purchase for $6-8 maybe even a set create some buzz, and then make a thin plastic version to sell to companies that include such scoops with their product and make this scoop the new standard
That's brilliant
the coolest entrepreneurs I've seen on any shark tank.... simple product, simple pitch, simple answers not too complex.... everyone is happy and smiles all the way...
"There's just stores that sell supplements? Yeah right haha"
GNC: "Am I a joke to you?"
1 day later, 10 different styles and same utility scoops are made available in China for a dollar for a pack of 3. And also bottles that goes with it. Including Generic Bottles with different sizes with scoops for supplement manufacturers. And they also provide label printing.
Brian Tan exactly!!
That's the truth man.
Brian Tan yup!! Even supplement makers can make it and add it to supplement as a package
Gosh.... imagine if they brought this product to Dragons Den UK, they would be grilled to the floor and that girl would be brought to tears, it wouldn't be as jolly and light hearted as this at all!
I was thinking something similar; they'd be poo-pooh'ed away with a chuckle.
I know this isn’t how it works but I like to imagine that there’s like a whole orchestra just off camera and every time something slightly interesting happens they have to play like random sounds.
😂
I really like Andy as a person. He is so humble for somebody so rich.
As someone who’s used the “competitors” scoop with the funnel on top (Comes with G-Fuel if anyone’s had it before) it still sucks and I think that this product is way better...
the scoopie you can actually store the powder in take it to the gym with you without taking a whole container to use their scoop. they really missed that this is the most likely use case for a post buy scoop!
Scan End dude... they make that too. I got it with my “Team Kaliber Special Edition” it’s the same as the regular one it comes with except it has a rubber plug on top so nothing comes out. Soooooooooooo yeahhhhhh 😂
Scan End sorry to rain on your parade 😂😂
No it's not lol
Australians really know how to screw up a good show
I totally disagree. The Aussie Sharks are much more likeable than the Dragons on the British show, and I just like the whole atmosphere of the Australian version way more than ours.
@BrownSugarFJ YT How's that? Do they strap you down, force your mouth open, and shove fattening food down your throat?
If you're overweight through gluttony, point the accusing finger at yourself rather than others.
Lol theyre company is now 7 million worth idiot fat American
@@laytongr7506 dont change what the guy said
😂
Barbara: Im not in this show so there for, im out. Yeet
The redhead on this show is even worse than Barbara and Jenny. I don't even think she has more than a 100k to invest in.
The red head on this show is worse.
@@gustamer4868 well gingers have no soul
@@AgentOffice 😂🤦♂️
Agent Office
As a Ginger I approve of this Message
There should be an upload "times Sharks actually invested" let's find out how short that video is
And then after that, "Times sharks didn't back out right after the show was shot"
But 2 of the sharks actually invested here? For 40% of the company
@@fayabraguette Around 40% of the deals that happen on air, get cancelled later during discussion
Man that hurts when your yearly salary is less than their coin tosses😭
Problem with this product is that people can just 3d print simple things like this these days, and in the future it will become even easier. Another problem, China. Another problem, this shouldn't be sold for 6 bucks, too expensive for a little piece of plastic.
I feel like a good exit would be to sell it to supplement companies as they always come with scoops anyway.
@@slain4ever The companies would still buy it from China or 3d print it. Much cheaper.
Only a tiny, minute percentage of the population own a 3D Printer, that’s an irrelevant point. However, the other points I do agree with
and you cant get a patent for a spoon
@@OieseGG It's not an irrelevant point, especially when you think about the future, which is something a company always has to look at. And you don't have to own a 3d printer, 3d printing services are emerging everywhere already. 3d printers are becoming really cheap as well (130 bucks) which is something a lot of DIY hobbyists are already seeing the benefits for today. And no one is going to sue you for 3d printing something that has a patent on it, so that's another problem that will be a risk for companies.
It took then 2 years of research to figure that all the mouth openings of a bottle are same?
Aayush Badal they couldn’t navigate the intricacies of the Google machine
@@jezwc lol
she needed time to fit each bottle into her mouth
Anddddd they are still wrong and most people don’t even drink their protein at the gym
There’s a environmental push to stop people from using so many plastic bottles, is it really going to be necessary forever?
I wanted to invest too but the price is not stable
Yes, you can start an investment, There are many reasons to invest in Bitcoin after understanding the market and risks.
Richard A. Blair Fx
He will guide you through the process of investing
He's the best
His trading strategy are really work for me at the moment
I LOVE this couple. Im so glad it worked out in the end. They were very honest and that's a good sign for partnerships.
I can’t find their business’s net worth as of 2021 but as of 2019 their business is now worth around $67 million. But “it’s just a left handed spoon” huh?😂
There’s no way lmao
No friggin way!!
Edit: holy hell they’re selling for $20 now too 😂
I think you're looking at Copa Di Vino
@@mikeeberhardt9172 found it on Amazon for $7, that website is making a killing
If people *like* you, you will succeed. Guaranteed. They are likeable, they look good. As a result, they easily impressed people and made connections with this ultra simple product, and found someone who helped them succeed. Just like the proven phenomenon that a jury will give more leniency to a good-looking defendant than an ugly one, the same applies to the business world. If you're likeable and have tenacity, you will succeed, always with the help of others who see something in you. If you're ugly or unlikeable, you'd better have a damn good idea and be able to stand on your own two feet each day, otherwise all those rich helpers will turn their backs on you
Honestly, a gym shaker bottle of $8 or $9 has a huge opening which doesn't need a special scoop, a built in filter, a built in compartment to store powder.
2:47 and 4:59. Tells you how heavily (and poorly) this is edited
Good catch ! It's barely noticeable to the average viewer.
yo fr
I love how Steve always tells others their deals are shite... then swipes 40% off these 2!!!
y'all laughing at them 2 years ago and that "it's just a scoop" is worth 64 million dollars now and at that time it was estimated to be worth a 100k . now that's a big jump
No it is not. That is how much Copa Di Vino was in 2019.
wait really?! That's an amazing growth
@@linuxares yeah it’s worth about 72 million now, the guy who owns it has a net worth of about $400 million now.
Got a source because I call bullshit
@@bfg3890 he is right. As of April 2019 the company has a a revenue of 67 million aud
From a $100,000 valuation to a $62,500 valuation and from 75% equity to 60% equity... best decision that couple could ever make. It would have taken them years (or they never would have been able to do it)... they NEEDED the sharks. I think this is a great investment for all of them.
I think a good business model for them would actually be to pivot into the larger all kinds of powder business. License the design to baby formula companies as well as any formula companies at a cheaper design so they're disposable. The baby formula company gets to have a new selling point while these guys now have a stable b2b seller.
This is so weird, baby formula just comes with a scoop this exact shape.? How is this a product.
I think the sharks thought they could use these people to push other products. Investing in the people, with other products, can be rewarding too.
What I’m wondering is how they’re sharks are able to manage all these businesses they are investing in
They have teams. So they'll have different managers who handle branding, production, tech, laws, ect. And the shark will cover general direction, and who to introduce.
Kind of like bar rescue. Jon has different people that he'll bring in depending on the resturant.
Steve Baxter is a venture capitalist. His company is literally just people that go around managing all these business day-to-day.
For the rest of them, they tend to offer "mentorship" - which is a 30 minute coffee once a month - not actual management support or business consulting for the business. For this scoop, after their 20 phone calls, once they found some buyers and some stores that were happy to stock it they would be done, and it's on the entrepreneurs to manage the business from then on.
If the business gets massive, then the shark might agree to sit on the board and so the company gets around 10 hours of their time a month. At best the smaller businesses get a business persons phone number to call when they've got tough questions, and some support when a bigger business approaches them for a takeover.
They have an empayar of people helping them
I had just started watching these videos and that was my 1st. Thought:
How can these people manage ALL these they take on
Thank you for answering my inquiry Benjamin Collins.
They have tens of thousands maybe more people working for them not to mention their massive lists of high profile contacts. It’s a pyramid
Here's an idea: use reusable water bottles with a larger opening like a REI 32-oz bottle. Less waste, scoop size matters less, and you can hold more water than most disposable water bottles!
This is actually such a great product, I wish every pre-workout supplement company had this scoop in their stuff.
This is actually a really smart idea should make it in metal though .. could raise the price and sell it in target/Walmart w formula as well
Lasts longer and sells for more it would raise interest
How is this costing them 29 cents per scoop? That seems way too high for something that should be injection molded for maybe 1 to 2 cents per unit.
Could be because they use a 3rd party to manufacture it. It may cost the manufacturer that much to make but obviously they would likely sell it for more than cost to cover materials, labor and overhead
@ben1spain cheap labor isn't really relevant to a plastic mold that is being pumped out by injector machines. They either got a deal on a mold or they're being completely ripped off on how much each unit costs
@ben1spain The mold is the most expensive part of the business in terms of customer facing expenses. And when you're ordering tens of thousands of pieces the price should scale with it. A plastic piece this small shouldn't cost anywhere near this price.
@@Neomanee Lets calculate according to your assumption. 2 cents per unit, and order of 20k.
20000*0.02$ = 400$
You think 400$ enough to cover the manufacturing cost of this thing??? Mould alone would probably cost at the very least 3k AUD. And then theres the other overhead which you seem to underestimate. Also dont forget the manufacturer also want a profit from this, theyre not charity.
@@blazkify Yes, as I told someone else, the mold is going to be the most expensive part of this. And yeah sure they'll probably also pay for shipping but once the mold is made it costs almost nothing to produce the pieces.
"Sorry we can't offee you a deal."
*they're literally having their interview and ready to go home*
"Actually, could you come back in here?"
Damn, it's really like Lord of the Flies in Australia.
I like how they all get up and hug even though they arent part of the deal.
I have never seen the lady in the red dress invest in any business. She always says "I am out", with a smile on her face.
she did invest in Qpay and that was a great company
2:53 us the exact same as 4:06 gotta love that sneaky editing
In China made for 2 cents and in America sold for 95 cents
This would've been a perfect deal for Kevin as a royalty deal.
👴🏼🎉
Deal!! * quietly says to his wife “we just sold them a scoop”
I’m starting to like this more than dragons den. Much more down to earth
My solution was to just buy a single gatorade bottle. Large opening, easily reusable.
Same here! Larger opening, and also larger contents - 600ml. The only problem is a keep leaving them behind, and have to buy new ones. Then I have gatorade which I don't really want. The boss spoon works with an ordinary water bottle.
2:48 I deadass thought he was gonna say porn eventually 😂💀
Same I wish that's what it was gonna be
Was kinda hoping that
Yep I was thinking Porn. It was the pause. 😂
I already thought that before I even clicked...
*makes a product to put stuff in a small nozzle
*funnel: exists
(btw u can easily make a funnel with paper or paper towel or napkin by rolling it in a cone shape with an opening on both ends)
@@dylanchan7349 never said you couldnt xP
Oh shit, tell me more about basic geometry, Dylann!
On their website it notes that it is more effective than a funnel due to the different textures of protein powders and the thicker textures could disrupt the flow through a funnel !
Finally someone said it
The one with the hinged funnel works perfectly. Comes with gfuel. Creates 0 spillage and is smaller than the top of the water bottle so fits easier
Man I’m in the USA and I’d love that damn scoop! I do have many powdered supplements and the scoop is either all the way at the bottom of the powder or not even there at all! I’ve probably spilled and wasted a full serving just to use it. This product deserves respect lol
Most reusable bottles have a wider opening in my experience so this product seems to necessitate the continuation of disposable plastics which seems very shortsighted.
@Itznun Yabizness Yeah, in my gym I rarely see bottled water anymore. Haven't purchased any myself in over a decade.
“Yeah we’re high school sweethearts” *intense musical sting*
2:45 - look at this awful editing, for drama. It makes Kitchen Nightmares look authentic
They even show the real scene later, where the Shark shrugged.. 4:06
carpii oof. Nice catch. It’s literally the exact same clip.
Good eye carpii. you can tell they edit it badly
"You've made a left handed spoon..😒" love the no bullshit approach Steve has 😂
In this context is an ambidextrous scoop. It pours towards the handle as opposed to one side or the other.m
@@geminirox8635 its ok I you dont get it :) cheers m8!
I actually faced this problem many times.
Solution:
Take the existing scoop like a shot and chase with the water bottle. Made less mess and felt like I was already partying.
until u need to cough all of a sudden
That's dangerous i hope you're careful
Or do what the rest of the developed world does and actually use a shaker bottle with a wide opening.
@@weirjwerijrweurhuewhr588 nah then you gotta wash a shaker. Shot and go!
@@RaceMentally Takes 10 seconds and you're not destroying the planet with all that one use plastic. Maybe you can't drink tap water over there though.
I’ve watched a dozen of episodes from this version of shark tank and this is the first deal I’ve seen, which it wasn’t much of a great one tbh. These sharks are much more difficult than the ones on the American show and keep saying “it’s a product, not a business” which isn’t the whole point of shark tank to bring a product and turn it into a more profitable business?
“It’s a scoop” Omfg I lost it idek why.
Its a mind gaming. You let dissapoint first in order to get that 40 %. They are not genius they are mind manipulator.
Domz Vlog should have gave 100% 50 both ways these are already in every powder and it’s a piece of plastic sharks got ripped off imo 💀
@@xanmax9580 lol
Just bought a set of 5.
Supplements on the run are always tough, with one in each car, gym and travel bags it is possibly the best solution.
Interested to see how they go.
Naomi is a perfect example of that Jim Carrey bit about how rich people laugh
i have never seen these guys ever make a actually offer or deal is that what Australia is like
They're targeting the wrong people. They need to patent this and selling the rights to the supplement manufacturers, who can then include scoops with this design in each box.
A consumer won't buy this to use repeatedly, but it has value as a disposable tool.
Same thought here as well
I’m sure people with babies would make them BANK. If there’s anything I’ve witnessed and been shocked by as someone who is childfree, is the amount of money people (new parents) will spend on stuff for their babies, especially if it saves them time. If a parent of a 10 month old takes 5 minutes to make a bottle of formula, this can halve that time. Baby bottles have small mouths but formula scoops are HUGE. I don’t think they would like to make a funnel with paper or foil or anything every time they need to make a bottle. The product has potential.
0:29
“two years of research shows that bottles in different countries have the same opening”
... they call that standardization norms.
That takes an hour to find out. Not 2 years.
“A Coin toss” is another term for pocket change
What a rollercoaster of emotions those two must have just gone through!
She's thick in all the right places. Pretty Aussie girl.
He need to talk to Ned Flanders, the Leftorium may take a couple.
The dragon in the red dress can’t be dragon and narrator
Shes a shark 😂😂😂
KHAN SAHIB he’s thinking of the British one called dragons den
Why?
I don't want to get her pregnant. And for that reason I'm out.
Sloghen - wtf are you on?
LMAO SAMEEE
25,000 dollars for 100% equity on your girlfriend
The real issue with this product is that all powdered supplements serving scoops are different sizes and vary depending on the dosage required. The easy way to counteract this would to weigh the bottle and tere it on a food scale, although, that’s a pesky extra step. I’ve thought about making a product for this scenario for ages lol
You just mold some lines along the inside of the scoop for different measurements. Like any other measuring device lol. Not that hard to adapt around
@@ItsAsparageese welp. Idk how that didn’t cross my mind 😂
@@kylejarmolych Lol we all have those moments ;P
I feel like this would be good to sell these to the supplement makers to include with their product as a marketing bit
The editing on this is super manipulative. You can see the same clips repeated several times. Interesting concept, though.
"How do you put protein powder in water bottles"
Funnel.
6:39 “I’m gonna regret it, I’m out”
?!?????????
40% of their company just to make a couple of phone calls! License it - make the phone calls yourself, get a major order & collect the royalties.
This needs to be licensed, supplement companies design scoops based on dosing size, if someone used this on a pre-workout they might be getting too much or too little active ingredients.
This is dependent on plastic bottles being used, rather than a reusable one where you can take off the entire top. How many people use these powders in one-time-use plastic bottles over reusable ones?
No one because the scoops aren't built for them to be used.
But I HATE using reusable shakers for supplements. I'd use this for sure
never seen anyone use normal bottles for protein powder anyway always protein shakers
bit wierd having this recommend for the past 24hrs and then a story about a UK dragon starts trending on google
Am I the only one who loves Aus version more than "den" of Britain or Sharks of USA? Those sharks are... sweetharts ;)
I really like the Australian Shark Tank! Everyone over there is SO nice!
Barbara - i dont feel your vibe, so im out
Jenny - i do love your product, but im out
Naomi - i will definitely refer this to my customers, but im out
These ladies lol
This product would make life so much easier
I'm from the US and I love the aussie accent. I love it
quackxhead go there and they will say the same about your accent 😂
They didn't ask the most important question... "do they have a patent for it"?
I can cut a sharpie cap and make this.
thats very likely not patentable. Design pattern might be worth it due to it beeing cheep to get.
After watching the U.S and U.K version I feel like the Australian version is by far the friendliest.
I use a shaker for powdered drinks. It’s a lot less easy to lose or break, has a giant opening perfect for all size of scoop/spoon, and makes less waste
*Spoon!*
_"It's a scoop."_
*Scoop!*
Great product, I have been looking for a scoop like this. Simple yet Brilliant!
Have fun talking junk about the Aussie version but that girl looks amazing 😍
I would invest in her😍😍😍
Made my heart happy yall took a chance on them.
This has to be the only time Andrew said "I love your enthusiasm" and yet still invested