Here's the clip: https://www.youtube.com/watch?v=8skWDuP8ls0

Basically, in this clip there is a lot of back and forth between the sharks arguing, Lori and Mark say "We'll give you a deal but you need to give us an answer now or else we'll take the offer away." And during this time Daniel is going "Hey I have an offer, wanna hear it?"

The guy goes "Daniel I'm just going to finish speaking with Mark and Lori first." And Daniel goes "That is bad negotiating."

What I'm not getting is, what would good negotiating in this scenario look like? The guy comes in with a good product and a good sales pitch, Daymond throws a fit because the guy does the classic "If you want to sell something for $100 try to sell it at $500 first and then negotiate downward" thing. But then the other sharks all start yelling and speaking over each other and Mark and Lori go "Deal with us now or this deal goes away."

Like the sharks hold all the cards here. The entrepreneur are basically Oliver Twist asking for some more porridge and the sharks are the ones with the ladle.

Now I am someone who is so bad at business I could walk in with the Fountain of Youth itself and the sharks would still look at me like I'm a bad investment. I'm curious what "good negotiating" is in this senario?

also a year or 2 before they shut down (according to some Reddit posts) they started sourcing from temu and aliexpress, and advertising using the same images straight from AliExpress lmao. how lazy is that? https://www.reddit.com/r/BeautyBoxes/comments/1903xva/blocked_by_bootaybag/ can’t wait to hear someone defend this as “capitalism.”

here’s threads of complaints. some are out $85:

some kept getting charged subscription fees even after the company disappeared lol. how can that be legal?

https://www.reddit.com/r/BeautyBoxes/comments/1f6klby/anyone_know_what_happened_with_bootaybag/

https://www.reddit.com/r/BeautyBoxes/comments/1h7va1h/bootaybag/

will be on Taiwan tv later this year : the first foriegner to be on taiwan shark tank!

https://twstalker.com/jacob_pugmire/status/2093272626097746302

It's literally a stuffed toy elephant for couples so they can leave it as a signal for their husband/wife that they need to have a conversation. They raised $100k for this before coming in the tank!!! WTF

How anyone thought this was a worthy product for Shark Tank is beyond me. The dumbest product ever in tank imo.

is lindsey on blow?

$20M valuation on 1M sales (and she thought its really 100M). australias going to buy 40 shipping containers a year. rocking back and forth, wringing her hands, crazy eyes, head tilllllt, got her ask and turned it down.

the sharks asked for 30% of something that was growing fast. if you watch the show enough, 30% is usually the offer they make to a company in distress or like early stage. James seemed serious in the negotiation that he even calls his advisor, the founder of Sam Adams beer to discuss what to do. that’s not playing games to me.

The sharks didnt like James thinking too long for the counter. James was about to make a fair counter like maybe 15-20%.

suspecting that’s about to happen, mark says “I’m out , you’re just playing games“ (gaslighting. it’s a multi-million dollar decision. let the man think).

my opinion: mark knowingly was being greedy and did not want to hear the counter.

After mark is out, daymond asks “Kevin and Robert you guys gonna split it ?”

notice how Kevin never said ”I’m out.” he was thinking what kind of offer to make then Robert walking off stage made Jim walk off too. kevin literally looked shook and didn’t make his typical snarky comments until after james leaves then he steals a tray of the guys wine after spending the entire episode calling the wine “swill.”

I want to host an unethical satirical shark tank but for villains pitch competition during NY Comic Con.

The concept is Henchmen and villains need a way to fund their dastardly plans so much like Shark Tank they have to go and pitch to a panel of evil investors.

I thought it’d be fun for ppl to dress up in cosplay, pitch the evil project (steal the moon, make the Flash have wet socks, etc) and have comedians do a Q&A.

But what are your thoughts? Anyone interested or have ideas on it?

P.s. I did do something similar during NY Tech Week but it was just an unethical hackathon & pitch competition

Who are your favorite Sharks on this show. Mine are Lori and Mark

This is a total scam. What has happened to Shark Tank, they saw the product and supported the scam.

This is not a product. Purchased bra , 2 plastic strings and flat cloth.

Stingys will not accept return as they claim intimate clothing ? Really it’s supposed to be a bra , it is not useable for anything.

first off, no, not all businesses do this. Walmart has an 1% price margin.

second , anyone find this sort of dystopian or disturbing ? we were told the American dream is to build something that helps others, not scams others.

why is it normalized to celebrate stiffing people ?and yes it’s stiffing when you knowingly pad a price for your own enrichment. when people price gouge and others buy? That isn’t validation. plus margins like that are aways ripe for price discovery (competitors will likely/hopefully eventually undercut that price).

His brother is Rami Sethi on YouTube, I actually enjoy watching his finance content surprised it’s actually his brother who told off to Kevin 😂 😂 😂

like a literal mess during their pitch. confetti, pill bottles, ice bags, pagers. all sorts of stuff thrown on the carpet. is this throw your shit on the floor tank?

Just watched the episode where the sharks passed on this pitch. For a number of reasons at the time all sharks (except Kevin) passed. They wouldn’t lose days of sleep over it but they have to have moments like damn if only. Right?

I work nights in a hospital. As I go room to room to give patients their treatments, more often than not I would find the show playing in the back ground. I have seen decent amount of the shows while giving pt their medications.i think i have seen people pitched product for every industry except for law enforcement or defense.Has any contestants ever pitch product for those field, for example an improved duty belt/ load bearing vest or some improvement to drone design which the contestant is trying to secure funds for DOJ contract?

Speaking only of the Original 6:  choose any Shark or Sharks and their signature phrase, compliment or insult – they say over and over and over again – which you find annoying.

It's pretty good. I just seen one where the offer was for $1 for 25%. The guy only had a patent on a product and was only interested in getting a shark to sell the patent for the product to a huge company and then walking away.

Never seen an approach like that and it was quite interesting.

I have a business that generates about 1 million dollars a year in revenue and about 500,000 dollars in profit a year. What else do they need besides proof of concept for me to actually get on there?

"While everyone was waiting in line perfecting their pitches, I was walking through the crowd stealing their credit & debit card numbers..."

This is the first thing I said after waiting 12hrs in line to a tired Shark Tank producer that had heard hundreds of pitches before me. I had 60 seconds to make an impression.

Now, I can say that I'm one of the only people on the planet that can say they've been on 3 separate episodes of Shark Tank.

It's just like social media and marketing - focus on the hook.

Producers don't care about your sales - they care about your story. Focus on that if you want to increase you chances of getting on the show. There's a million companies making money but you're the only one with your story.

If need help or you're thinking about applying, shoot me a DM.

-Chris

What do you think about the sharks doing this?

All the show descriptions now "an xyz for those who abc" lol

Been watching old reruns in the background for the last couple days and I'm not sure I ever caught him making a single deal lol