The Sharks Get Into A Heated Fight Over Scholly! | Shark Tank US | Shark Tank Global
ฝัง
- เผยแพร่เมื่อ 5 พ.ค. 2022
- Christopher Gray is seeking $40,000 for 15% in Scholly. The Sharks also get into a heated fight!
From Season 6 Episode 20
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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.
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The Sharks Get Into A Heated Fight Over Scholly! | Shark Tank US | Shark Tank Global
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For anyone wondering why it was a big deal, it’s because this was Mark and Robert’s field of knowledge and expertise. They wanted to ask questions because they were intrigued on how it worked. But Damon and Lori basically didn’t give them a chance. However, Mark’s done this numerous times in the past. Where there’s smoke, there’s fire.
Thx bro
Nah, Mark usually does this to push the others out of the deal, not before every important aspects are discussed.
Yea Mark has done this milllllions of times before
Very disingenuous comment on how Mark does it too. Mark only does this when the bidding has begun, which is a VERY common business tactic. He never does it while others are still asking about the business. Lori and Daymond intentionally pushed for the deal because 1 - it was cheap and 2 - they know Robert and Mark are the perfect partners so they didn't want to give them a chance.
@@trestoprotolia3923 I agree Mark did this before but i think what we need to point out here is the "WHY" Mark puts pressurized offer versus the "WHY" behind Lori and Daymondz offer"
Mark puts pressurized offer when he fully understands the business and that he can contribute to grow the business.
While Lori and Daymond reason for the pressurized offer is "it felt good. oh and about the business plan.. We will figure it out"
just my 2 cents🤙
very intresting episode nonetheless
I love seeing the sharks argue. It should be part of the show
You mean you think it should be scripted to have more fights? 🤨
@@tack3411 Man wants shark tank to be WWE lmao
its the first time ive ever seen them disagree. very stunning. i thought they just agreed about everything
A
Okay w
"The guy already died because you choked him on the 40 thousand'" 9:38 Kevin is too funny 🤣🤣🤣
I seriously want every pitch to end in fights like these LMFAO
That’s not what the show is about
@@chrisnoziere2893yeah but it could be a good aspect of the show. showing their differences and showing debates like this offers a cool perspective of the sharks personalities. this got very serious. it doesn’t look scripted at all.
Not every. It'll get repetitive and boring
I wish they would share more of these behind the scenes once the pitch is said and done.
Update - the deal with Lori/Daymomd was completed and the company doubled their net worth to more than $5M! Within hours after the episode aired, the Scholly site received 80,000 requests in a few hours. Since December 2016, 850,000 users have downloaded the app, connecting students with $50 million in scholarships.
Gray has met with Bill Gates, been honored by Oprah Winfrey and invited twice to the White House. Steve Case, the AOL co-founder and former CEO, awarded a $100,000 competitive grant to Scholly. He also teamed with Grey’s Anatomy star Jesse Williams.
All donation
@@diogo082 keep whining
I'm happy for the guy, but this basically proves the point that it's technically a charity, not business
Greatness!
@@dxzts6614 that's a silly comment. He's capitalized on the business of charity. That's what scholarships are. That doesn't make it any less a business just because they're being recognized for an amazing concept. Stop drinking the "shark tank" Kool aid.
kevins line about goose for pate is the funniest thing to ever come out of this show
That had me rolling 😂😂😂
I didn't get it ..can anybody explain
@@sy_the_slayer geese are force fed to make them tastier
"He threw a chicken in a blender"
What time did he say this in the video
I think this was actually a way for Daymond and Lori to scoop up a promising tech business that normally would choose Mark or Robert, but they didn't want to say that. Generally tech businesses choose Robert or Mark since they have tech expierience.The upside to gaining tech industry expierience with a promising idea, in a way that Robert and Mark wouldn't fight them, was worth the risk of not knowing the rest of the business model.
Mark Cuban after the guy accepted the offer was like a Pokemon charging his Solar Beam. He was ready to unleash
I totally agree with Mark and Robert. They force a yes silencing and denying the opportunity to hear other offers. 20.000$ means nothing to them so they invested without any further question because either the business work or they get credit for investing in this app, due to "the helping kids" nature of it
Mark does all the time just sour grapes
@@litodat233 but majority of the times its after they all have learned all about the product/services. Whereas in this the entrepreneur still hadn't explained it fully
@@ShawnFX it's still a pass, maybe they could have found more information if they got to listen to others instead of just mark.
@@ShawnFX You don't know that.
They were asking the same questions, the guy knew what he was talking about, and he was only asking for 40k, for 15%, Damon and Lori W
1:20 "you're stingy man, what can I say." What a lad👍
That was good
I was waiting for mark to say "80K for 15%" just to crush Lori and Damon.
You know what Lory did the deal for the exact reason they didn't put forward an offer. That's information. She just wanted him keep his secrets for acquiring the market share. PPL with IT background will take the info and try to make money big. Good Job Lori and Daymond
Didn't think about that. Nice
That's actually true. Had he actually answered, many could make a similar algorithm on how it works and make a better version.
That's actually a unique point.
Thats clever
You didn't even spell Lori or daymond correctly... Stay in school
I think he's asking for too little investment. $40k is nothing for them, that's why Damon and Lori don't hesitate to decide just because the app is for a good cause. He should've asked $200k for 20% I think.
the company is nowhere near worth $1 million just bc its a good cause, he only has $90,000 in total sales, the sharks would’ve called him out on it
@@odevrim5845 how is 90,000 bad for a new company and app? That’s good 😭
@@willpenaa he didn't say it was bad. Just that with those sales it's nowhere near worth a million bucks company to be asking 200k for 20%
@@willpenaa I didn't say it was bad, just your $1m valuation was unrealistic
I agree
I actually did want to know about the database because first he said he was inputting them manually bit then apparently there's an algorithm, and how do you verify that algorithm's choices? What if a scholarship is no longer available? I think they glossed over so many important questions, it's just very frustrating
if the scholarship is no longer available, users would just report the scholarship is not available with a button, after certain number of reports from users, the system deletes the scholarship. also, scholarship could be list by users too, all you need to have is having a team verifying the source.
@@rabbitclimbmountain that opens the gate to malicious actors. False reports could prematurely take a scholarship off the board before other applicants could apply.
@@Smasher0404 that why it needs a “verifying team”, both for listing and deleting.
@@rabbitclimbmountain very smart
All that is figureoutable
Daymond "He was 99cents an app, he downloaded 92 thousand" 😂😂
😆
dude was clueless the whole time
Simple and easy ..
@@okdarius it doesn't matter because he is now a partner in the company
@@positiveego5397 huh
Lori: You're not the guy to walk away and walk off
Robert: *walks away and walks off*
Mark, Robert, and Kevin are absolutely right. Although this company became a success, they literally had no idea about the business.
This was more than the business this was about what they could do for America.
At 92000 downloads you know it's gonna grow.
I mean if it did pan out to be a success, does it really matter ? Not saying you should blindly walk into things but i guess they learned through it and it worked out
I am glad he did Not say anything about the algorithm because that would have given them ideas on how to create a better version of it. Like Apple competing with Samsung.
You have to remember, Daymond and Lori have people with technical backgrounds who could be liaisons for them. You have to have people of all backgrounds when you have multi million dollar companies. Through their liaisons, they learn more about technology.
@@aldenaltine2566Yeah it's great that students don't get a better version of the app they would help them find scholarships
I get the feelings, but I think I’ve seen Mark (more than any other shark) put somebody on a shot clock and disregard questions and dialogue. So, I guess you get what you get lol
he started doing that after this incident.
It’s different since they haven’t heard any info about the company, this was just betting on the person instead of learning about the business and doing both
He waits until he gets a large amount of information about the product or company.He helps when he hears all the details and it sounds good and reasonable,not just on compassion alone like Lori did
He doesn’t say nonsense like “I don’t care how we’re going to monetize this, I just want you to say yes…. Look at me…take my hand…” etc.
It wasn’t the shot clock aspect that bothered him. It was that the dude barely gave any relevant information or important numbers, and Mark-being a tech guy-knows that that’s where the real stuff is buried.
@@prateeksingh8815 I'm pretty sure you're absolutely wrong
The moment he said 92K sales... They knew it'll make money even if it charges $2 for service !
Love how mark was quiet like the whole time🤣
The irony that Damon and Lori made the offer and how they made it combined with accepting said offer, very telling.
It is so cool seeing Mark just sitting thinking without saying a word throughout the whole thing. TOO bad Lori had to cut him off so we could not hear what he wanted to say..
He was fuming towards the end, looking away like he'd rather be anywhere else haha
Admittedly, Mark is the king of doing that to the other sharks. Deals were he does not allow the business owner to talk to the other sharks. The differnce is he usually does that after all the sharks understand the business model. That is what made this one particularyly bad. When Mark does it, it is annoying, but this wasn't just annoying, it was a complete gamble, and therefore not even good business.
How funny. Mark tried to cut Lori off but you're angry that Lori stood her ground. Get a grip.
@@diamond852 SHE WOULDNT CLOSE HER MOUTH THE ENTIRE EPISODE she got to say FAR more then Mark and it was annoying she just yapped the whole episode
@@depression_isnt_real fr we couldnt hear the genius and only B-B-billionaire on the panel.
Kevin: I wasn't allowed to talk 🤣🤣
Shout out to Lori, she saw how great the product is and could be. LORI is smart and beautiful and Daymond for the backup was amazing to see!
"Wait...I want you to tell me all the secrets behind your product's success on national television without showing any interest in investing." Get tf outta a here.
Incredibly interesting.
But I will say, I'm glad he respected her enough not to say anything bad to her
You know they’re great friends when they care about each other’s money!
Mark didn’t say congratulations
so basically, lori did what mark always does.
mark: 4:01
Marks at the end dying 😂
Mark, Robert and Kevin were seeing if the company was worth there money, while Lori and Damon showed that it was indeed worth theirs. The thing is deep down they all knew that company was worth investing in, because it is one of the few that will make a difference for the next generation to come. Most businessmen and women strive for investments like this.
why they're bcthing about $20,000 (each)? That's like snack money for them... They can hostile takeover it if the dev team eventually sux
Someone's learning new vocab from Elon Musk :P
the 40k isnt what they're looking at.
it's the app which is about to make them an extra billion.
that app idea is unstoppable
It's only okay when Mark does this? 😂😂 I know Mrk Cuban is wealthy but he needs to humble himself sometimes.
There's nothing wrong with Lori investing in something she believes in.
It's not about her investing in something she believes in but rather her preventing the other sharks from understanding if it is viable or not and then be able to make an offer that will just be better. Mark and Robert both would have been the experts in that field and thus been better suitors for the offer. She just tried to eliminate competition.
If they wanted to make an offer they could have. Mark would have either picked the business apart OR has him disclosure some proprietary information that some tech person watching would have tried to replicate before it got off the ground.
Mark wanted to flex by asking specific questions and that's something that should be discussed off camera.
He was upset because I think he realized that something was there but wanted to ask a few more questions (which may not have been beneficial on TV) before making a better offer.
Seen how Robert Grad Loris arm after saying it was crap …. Was scared she was gone slap his behind😂😂😂
Laurie and Damon did what they were comfortable doing. They had enough information to make them comfortable with investing.
Look I love mark Cuban I think hes a great entrepreneur however hes done this more times than anyone else That's on the shark tank.. Good for Lori and Damon for making such a great deal and I know they'll help him blow out of the water 💧 🙂
Mr. Wondeful: I am a Charitable guy too
Kevin’s walkout is so iconic and funny to me
There was a butterfly inside a cocoon struggling to break free. A man sees this and cracks the cocoon to let her fly off. The butterfly falls to the ground and dies because her wings hadnt developed the strength for flight.
Butterflies don't fly out of their cocoons. They emerge and then rest until the veins in their wings fill with fluid and the wings dry out, then they fly away.
@@ernestmoney7252 exactly the point
I love just sitting back and watching the sharks (and apparently the comments) go into utter chaos.
I don’t see the problem. They’ve stated many times that saying “deal” in the show does not mean it’s the final decision/agreement… behind the scenes, they look over the business model and determine if this is the right choice. If they wanted to make a deal with this person so badly, they would’ve also made an offered regardless of the lack of information being provided (because they will learn more later) and the guy gave everyone a chance to make an offer and they didn’t. To my knowledge, mark is very much notorious for jumping in and saying “take my deal now but if you listen to anyone else, I’m out” so it’s a bit hypocritical. At the ending of the day, it’s shark tank. There aren’t any set of rules nor is it their money that’s being spent. In addition, theres been multiple instances where sharks/shark tank have made “charity” deals. It is what it is
Actually it is their money that’s being spent. The sharks are paid to be on the show, but all the money they choose to invest is their own and not provided to them by the show.
The other sharks couldn’t even make anymore offers cause Lori wouldn’t let them talk
@@ButterSwagBag that’s what I meant… it’s not anyone else’s money that’s being spent so it shouldn’t matter
@@JordanMillerYourFA they weren’t trying to make offers..? There was many moments where you can see him look around and asking around for an offer.
@@Dilligents They didnt make offers because they wanted to know more about the app.
"America, come to the tank and we'll give you money!"
Don't understand the concern. How would you automate scholarship. Web scrapping or provide an api?
Only 40k what a mistake!!
Plot twist: they all left for a coffee break.
Why is it not on the Google play store?
Mark does this all the time. I don’t see a problem with it. If the guy truly wanted to hear the rest of the room, he would’ve declined and continued listening and answering questions from the other sharks
Fights like this r why I even give this show a chance, for me, I’m in the middle like I’m on both sides, they both make very good points but yea should’ve asked more questions first to really see how it works like every detail.
He sold too much for 40k. But will see. Hopefully this will help the students.
Supposedly it has
Agreed
Man undervalued himself BIG time. 40k for 15% is nothing for the Sharks
Based from what I heard, it works like a coupon website that rely crawling the web to get listing and user feedbacks to remove the listing of scholarship.
Seeing Robert angry makes me upset 😢
NEVER TELL HOW WORKS YOUR BACKEND. WP GJ.
Case of sour grapes for Mark, Robert & Mr Wonderful...gud job Lori & Daymond
I love this please more arguments please please more arguments
That was intense at the end
I understand Mark and Robert's frustrations but at the same time, they should've jumped in at that point if there was sincere interest.
Are you kidding me! Scholarship search sites exactly like this have existed like forever. I used similar at least 20 years ago
Robert looks like a vampire boss from one of the Blade movies
Love Mr Wonderful ❤️❤️❤️
I personally don't understand what took place...
I came into this episode from the short clip of fighting at the end. Was on Robert's side because he's always a stand-up guy. What did Lori do wrong? Nothing. Lori did the right thing and scooped it up. Was it a risk? Yes. Big risk at that point. The rest of the Sharks could have heard the guy out and offered more. She got there first and made the kill though. Side note-Thanks for the update Thiru C! Very good to hear. I wish this was around when I went to college.
The issue is they're not there to be angel investors or charity. How many times have you heard a shark mention that they take equity because of the experience and guidance that they can do to help an individual succeed. That's why they have a panel of several sharks all with different backgrounds. The point is for the entrepreneur to choose not only based on best deal fiscally, but best deal through mentorship.
How many times have you seen a rejected deal or something that didn't work out and the cast and entrepreneur are happy with the end result because they learned a lot to help make changes or create a better business?
Imagine now, that mark and Robert are the tech guys and can help make a business, no, a vision of a better place, more efficient and scaled in scope, and instead of being able to help in their very specialized ways, sniped because your peers are throwing money to help the guy out.
If the goal is to get money, there's tons of philanthropists out there, if the goal is to create a scaled business with the veteran knowledge of those in the industry... Well then Lori and daymond just blew that opportunity to 'feel good'.
You don’t think that Lori and Daymond don’t have technical advisors? They both own businesses and have people in marketing finance, accounting , manufacturing, management snd various other areas.
I am sure the technical advisors are liaisons between Scholly and them.
The app isn’t doing well. I checked it out the reviews and stars are not great. Mark was correct about asking more questions to get to know the application better.
Not a risk when they all make over 100M$
@@MushrooMania888i read the company is is worth $5m. That investment of $40k is worth about $750k. That's a pretty good return.
I love this episode! Even though they're fighting at the end, Idk but they look adorable. Lol.
Mr. Wonderful. in his mind. "Ay chihuaha caramba"
lol they didn't even allow the business to be probed. That's just absolutely silly on Lory and Damon's part.
how many times are u gonna repost
Thank god I’m watching this episode after I graduated from college
update: it was acquired by Sallie Mae in 2023 for an undisclosed amount. However, Damon mentioned in an update that he made about 40 to 60 times return on investment. So lets say it was 50 times. He went in for 20k at 7,5%. 50 times that is 1m. 1m/7,5*100 = 13.333.333,33 dollars. So it was prolly around 13m acquisition. Not the biggest shark tank succes story but certainly not bad at all.
So what happened to scholly after this?
It’s on Apple and claims to be the leading scholarship app with over $100million in awarded scholarships
@@azmiah8097 yes it is. I just found it.
Damon stated he made 40x-60x on this investment
Daymond's face: I don't give a damn what these sharkheads are saying 😊
Robert, Mark, and Kevin were absolutely right. They had no chance to learn about the business. They wanted to learn how to monetize/scale it going forward. Lori/Daymond just jumped in blind without any questions.
Like a shark!
They probably believed that the concept would make money and with their involvement they could work out the logistics later, ie “figure it out later”
apparently they knew enough to jump on the opportunity. the early bird catches the worm.
@@thistime35 in hindsight it worked out
@@jjyiz28 they really knew itd be a hit
that's wild I did not think I would ever see a bunch of billionaire sharks act like ash holles.
Only one of them is a billionaire
@@daviddaws3521 MILLION BILLION JILLION GILLION you got the point
This woman knew how to get him to say YES and quickly!
Anyways, sounds like it’s going well for everyone involved
I hate bullies. Any investor that wants to help you would not bully you into their offer.
Amazing company. Great for him! Great for them! Great for everybody! Those guys can still invest and consult if they are that concerned. And good for the other members to show that they invest emotional capital in the businesses.
Totally agree - the app opens up financial opportunities and literacy for students everywhere. Loved this scene.
What badge is that on Damon's tie?
Like she said, sometimes it’s a point of being compassionate.
This isn't the compassionate tank .. it's the SHARK TANK
Robert is hilarious 😂
They all do that. Ego n heat feeling
Sorry, Mr wonderful was right, Lorie was like a vulture swooping in for the buy so enthusiastically they snuffed the fire, they acted on greed before allowing the pitch to blossom and allow the smart guys to ask questions and develop a blueprint and game plan
mark does this all the time
@@ozkan576 FK these kinds of predatory business practices. İt's a shame, the business deserved more, let alone more money
What kind of gameplan can they build during the show that they cant after it?
@@ozkan576 he only does this when he feels the entrepreneur is getting ripped off by the other sharks
@@ozkan576 It specifically started after this episode
Mark sitting back just listening to them rustle.
And, that’s why he’s a BILLIONAIRE worth more than all combined!
Mark looks like a ****** super villain
Incredible idea!!
Wow! Heated
He shouldn't have take that deal.
Lori and Daymond are the sharks who don't know so much about digital technologies.
And this was not an honest investment, if they didn't fully discuss where to go with this and how it works in the first place.
I bet none of the shark there knows about apps better than him and the co-founders, he just wants the investment, exposure and connection from the sharks.
@@andricrypto2852 Mark, Kevin, and Robert all got their start in software delevopment so they were the right people with the right connections for Scholly
Yeah but at the end of the day they made the best decision cuz it’s know the number 1 app for scholarships
Also if you listened close daymond said that he will call the other Marks, Roberts, and Kevin's out there on their advice & expertise.
Daymond and Lori likely have tech experts within their organizations.
That was very smart from Lori, she knew that the more Tech-related Investors would take that Deal, and she wanted to save it for herself.
Part of me thought one of the three would run to the back and tell him to hear there deal
That's dumb
Robert is such a big baby! 😂😂
Not really he's right
so far i google the company is like 1.5million usd... but then i kinda hate this thing, because college university can continue to be advantage to sky rocket infinity their fees
Are there rules with this? Like they will give more investment money than the person had asked?
Lorry is Goddess, she figures out everything instantly, this guy is treasure!
Ramsay Highschool Alum right there!! 👏🏽👏🏽 Go Chris!
mark does this literally all the time lol. "heres my offer you have to say yes right this second or im out"
Interesting. Love it.
I love this episode
Those that have a lot, many times do not want to help those that have little....
Anyone got info on what happened to the company since? Did it work out?
Based on the app rewiews, not so much.
Scholly connects students with scholarships for higher education, and had about $90,000 in revenue at the time of the investment. The company has since generated $30 million in total revenue, and was acquired by private student loan provider Sallie Mae in August 2023
Two people decided to help young people gain access to free education without hesitation. While the others were more worried about lining up their pockets
bro 20k is nothing for them. let them bet any amount on whatever they like, and let them help this dude out