Mark doesnt even know that each package has to be fda approved but tries to comment on it like they are being shady. If you dont know just ask question or go out. Just made him look unaware.
Mark is VERY unaware of a lot of things but just talks like he's always right. That's the basis of his whole career, getting Yahoo to buy his doomed website.
Mark has an online pharmacy. Most likely why he took the position he did. And also, instead of directly answering questions about the profit, they tried to double talk and throw out all the jargon, ie unit price ect ect. There's a huge difference from saying we reinvest all the "profits" and being profitable. When people do that, you tend to lose confidence and start to question everything else. And they asked for a crazy evaluation.
Mark needed to shut up. You're out dude and clearly you're low key accusing them of being shady and it's obvious. Even his tone when he's telling them to counter.
I think Mark trying to push them along doesn't have to do with him being apprehensive about the company. In interviews the sharks always talk about how the pitches are usually 45-90 mins in length and that the entrepreneurs can stand around talking for long periods of time or dragging it out (understandable, they are making an important decision). But, they are on somewhat of a schedule and have to keep things rolling, its a show after all. I assume this pitch was dragging on a little too long and Mark was getting irritated and trying keep the show moving along, if you will. They had their offers, and might have been dragging their feet in making a decision. Seeing the massively edited episode doesn't provide the full picture.
@@chrisbryan89 he owns cost plus drugs, he was just being a hater here. he called "bs" on them spending money on RnD given theyre using OEM drugs just like his company is, but he didnt even know the basic FDA regulations that are required with each new packaging design. theyre a direct competitor to his company, and imo they do it better than he does. if he was actually smart, he would have bought out the company and integrated it into his. but his ego got in the way
For drugs, it's a contamination issue over long storage periods in different environments and exposures so the bottles need to be tested. Bottles of water have expiration dates because the plastic breaks down after a while and your water starts absorbing the plastic. Mark seems a bit clueless about the process.
I can see where you're coming from haha. But I think some investors are just really tired of seeing all these businesses with insane valuations when there's little work to show for it, especially in the Silicon Valley scene. But then these guys had the numbers to show for it so.. Meh
Mark doesn’t offer them congrats - he ALWAYS does that! He doesn’t like that this is a better packaging than he has. He could have used that as his reason to go out but he was petty instead and tried to slight their business.
Well, we really can't know for sure because maybe the editing made it seem like he didn't when he probably did. Just the producers trying to make the situation look more off.
@@agylao6894This is likely it. These pitches are 40 minutes to two hours long and need to be cut for TV, they just dramaticized it. While Mark was ignorant and lowkey arrogant, it isn't as bad as it seems.
Isn’t mark in the medicine business, it’s logical that drugs need to be tested in their respective packaging to make sure their composition and potency in conjunction to the environment stored has similar results with their previous packaging
Barbara grabs a package of pills from the pharmacy. She walks up to the manager office. She throws the pills on the manager's desk and says "I hate refill. For that reason I am out."
I am not against the idea, I think people will think it is a great at first. I have health issues, I take a bunch of different pills everyday. It gets hard to keep track of medications, especially as you get older. People travel and take their medications with them. I know saving the environment is awesome. At the same time the issues with many products is not that there aren't other options, it is just there aren't convenient ones. Cleaning the glass pill containers, transferring them from a pouch to that container, than to a weekly pill box, etc.. It doesn't seem like much, but many of their customers are going to be people that need the medications, I think there are and will be a lot of customers as long as the prices are competitive. See where they are in 10 years.
Bruh Tony's just too nice lol. This was definitely more appealing as an equity deal, because Tony was betting on the fact that the business could go very big, although risky. A 2x return on investment with half the equity is more of a deal that looks at the short-term that makes a small profit from investment.
Hold on. The FDA can have a say on the package it's sold in, but not the container it's dispensed from. I could use a cookie jar if I so please. I think we are overthinking the FDA approval process.
Not if you're selling commercially. There's a reason why pharmacies like using the orange pill bottles. Stuff in the bottle itself can break down over time (this is why water bottles have expiration dates) and some drugs need proper protection from things like sunlight and moisture or else their chemicals break down as well. It's not really rocket science to understand why the FDA looks at how a drug is stored.
I think it would make more sense to try and get a licence deal with the pharmaceutical companies to try and implement the sustainable containers rather than getting into the "medicine" business.
Mark knew they were just trying to pay off some debts when they said they're "profitable on a unit basis", BUT that they're "investing in research and development". Digging yourself into a ditch to pay for Investing in research and development just to change a pill bottle while you aren't even breaking even doesn't make sense. It sounds like they got themselves into a bunch of debt and are just trying to dig themselves out..That's what Mark was commenting on. They're putting their company at a 20 million dollar valuation when they can't even break even.
Also, I think he was also right about FDA approval for every medicine, once their glass bottle is approved by FDA, they don't ned repeated approvals for different kinds of drugs. Of course there are certain temperature sensitive drugs, but those are not OTC.
I bet every time he does get a royalty. He definitely feels warm and fuzzy. Hell he would start a restaurant all by himself and then get a royalty of each one of the burgers sold in addition to the profit lol
So let me get this right, they give away 7% of their "81M company" for 500k and they need to return 1M to investors and still lose the 7%. This is when they are making tens of millions in revenue each year, and they will be profitable next year. This sounds like a terrible deal to me... idk....
I don't think Mark likes these companies that come with huge valuation. He's more of a fan of helping out mom and pop-type, scrappy-type entrepreneurs with a story.
Why not market these bottles to pharmacies? That to me seems like the easiest, most profitable and the biggest way to offset the problem they are trying to cure.
It's funny how Doordash has claimed to never made a profit except for 2020. Yet here is Tony making deals on shark tank. If your running a unprofitable business where are you getting the money to invest from?
Sometimes I really can’t stand the shark-side BS. They tell the sharks that they’ve 700 thousand customers with inbound cash flow is $8 million, and she says she’ll never see her money back. Huh?
It wasn't really about the money. With most of Barbara's shark tank companies, she owns a large chunk of equity, and likes to take full control of the ordeal. The 2.5 percent of equity just wasn't digestable. 😂😂
He did cheap market research during initial doordash launch by giving free kfc leg piece for 1 hour of work yes in North America. Not sure how far he will go when it comes to market research
You guys are criticizing Mark but the fact these people are spending so much on research and development for already developed drugs just to make sure its stable in their packaging doesn't make sense at all when standardized plastic packaging already exists. Their only real selling point is having below-market drug manufacturing costs, the packaging is a hurtful burden
That's a myth. People and generations before our lived longer and healthier lives than us. Only reason you would have heard that myth could be credited to wars and shady industrial revolution and capitalism tatictics!
Mark doesnt even know that each package has to be fda approved but tries to comment on it like they are being shady. If you dont know just ask question or go out. Just made him look unaware.
Mark is VERY unaware of a lot of things but just talks like he's always right. That's the basis of his whole career, getting Yahoo to buy his doomed website.
@@EGarrett01 he knows a lot of things. Just think it's okay if he doesn't to say it.
Mark has an online pharmacy. Most likely why he took the position he did. And also, instead of directly answering questions about the profit, they tried to double talk and throw out all the jargon, ie unit price ect ect. There's a huge difference from saying we reinvest all the "profits" and being profitable. When people do that, you tend to lose confidence and start to question everything else. And they asked for a crazy evaluation.
@@dwayne9959 that business didnt exist in 2021-2022
@@dwayne9959 "Mark has an online pharmacy." - that would explain why he was being combative to people directly threatening his business.
Mark needed to shut up. You're out dude and clearly you're low key accusing them of being shady and it's obvious. Even his tone when he's telling them to counter.
Yeah I agree.
its because hes in the space and was just being a hater given theyre his competition
I think Mark trying to push them along doesn't have to do with him being apprehensive about the company. In interviews the sharks always talk about how the pitches are usually 45-90 mins in length and that the entrepreneurs can stand around talking for long periods of time or dragging it out (understandable, they are making an important decision). But, they are on somewhat of a schedule and have to keep things rolling, its a show after all. I assume this pitch was dragging on a little too long and Mark was getting irritated and trying keep the show moving along, if you will. They had their offers, and might have been dragging their feet in making a decision. Seeing the massively edited episode doesn't provide the full picture.
@@chrisbryan89 he owns cost plus drugs, he was just being a hater here. he called "bs" on them spending money on RnD given theyre using OEM drugs just like his company is, but he didnt even know the basic FDA regulations that are required with each new packaging design. theyre a direct competitor to his company, and imo they do it better than he does. if he was actually smart, he would have bought out the company and integrated it into his. but his ego got in the way
@@lavs8696exactly, it’s sad to see it, I’ve seen similar reactions of him with deals of the pharmaceutical industry
He is correct, my employer makes USP silver nitrate crystal and every time there's a change in the documented process the FDA has to approve it .
For drugs, it's a contamination issue over long storage periods in different environments and exposures so the bottles need to be tested. Bottles of water have expiration dates because the plastic breaks down after a while and your water starts absorbing the plastic. Mark seems a bit clueless about the process.
Mark always gets jealous when entrepreneurs come in with a business with big numbers that he has experience in. It feels competitive almost
He’s being such a baby 😂😂
Ego
TRUE THAT.
He is worth over 5 billion I think you cant see the difference
I can see where you're coming from haha. But I think some investors are just really tired of seeing all these businesses with insane valuations when there's little work to show for it, especially in the Silicon Valley scene. But then these guys had the numbers to show for it so.. Meh
Barbara: I don't like cabinets, and for those reasons, I'm out.
😂😂😂
Lol
She doesn't like anything
4:27
I love how Kevin says he feels warm and fuzzy aftwr royalty deals - yeah dude you throw money at things and money comes back for you 😅
well that is the way capitalism works.
Well first of all you have to make the money that you can throw and second of all do you know he takes a risk by doing that?
Royalty suits him good
Mark doesn’t offer them congrats - he ALWAYS does that! He doesn’t like that this is a better packaging than he has. He could have used that as his reason to go out but he was petty instead and tried to slight their business.
Exactly 😂 Such a snow flake 😅
Yuppppp
Well, we really can't know for sure because maybe the editing made it seem like he didn't when he probably did. Just the producers trying to make the situation look more off.
@@agylao6894This is likely it. These pitches are 40 minutes to two hours long and need to be cut for TV, they just dramaticized it. While Mark was ignorant and lowkey arrogant, it isn't as bad as it seems.
He seemed irritable, very rushy with the guys.
Me: wait I consume a credit card of plastic a week?
Government: yes
7:14 “Ross and 😮💨🤧”
Bless you shark tank announcer man
Isn’t mark in the medicine business, it’s logical that drugs need to be tested in their respective packaging to make sure their composition and potency in conjunction to the environment stored has similar results with their previous packaging
They made the right decision. Mark needs to calm down. Understandable why he’s leaving shark tank now.
Sold the Mavs, leaving the tank, have to wonder what's going on behind the scenes with him.
@@theblackflame4002he wants to take a step back and have time for his family. Seems kinda normal to me
He's been hustling for so long...
Time to take a break
Barbara: "I don't take pills for that reason I'm out"
No its not that. Its "I take too many pills and am sustained on eating microplastics by the barrel. For those reasons, I am out"
For the most part, that's...a good thing.
Enjoy your lunch everybody!
Mark.....I'm out so hurry the fcuk up lol
Yeah like what the f😂😂
Just paid 1 million to give away 7% but hey they got sharks now
Barbara went out because Mark casted a little doubt. 😂 It doesn’t take much for this woman, I swear.
She has the least money to play with, so it's understandable
Barbara grabs a package of pills from the pharmacy. She walks up to the manager office. She throws the pills on the manager's desk and says "I hate refill. For that reason I am out."
Barbara: I am never really in, so I am out!
1:35 bro lori's fake laugh ☠
Heh heh
I am not against the idea, I think people will think it is a great at first. I have health issues, I take a bunch of different pills everyday. It gets hard to keep track of medications, especially as you get older. People travel and take their medications with them. I know saving the environment is awesome. At the same time the issues with many products is not that there aren't other options, it is just there aren't convenient ones. Cleaning the glass pill containers, transferring them from a pouch to that container, than to a weekly pill box, etc.. It doesn't seem like much, but many of their customers are going to be people that need the medications,
I think there are and will be a lot of customers as long as the prices are competitive. See where they are in 10 years.
Shout out to the dude for asking to partner up with another shark.
Love the presentation and the pep talk beforehand.
Bruh Tony's just too nice lol. This was definitely more appealing as an equity deal, because Tony was betting on the fact that the business could go very big, although risky. A 2x return on investment with half the equity is more of a deal that looks at the short-term that makes a small profit from investment.
Kevin is a legend😂
This Russel guy is soooooo easy on the eyes... ❤❤❤
And your mom is sooooooo easy between the thighs
;p mmm
Mark has no idea about FDA approval and he wants to sell pharmaceuticals online is wild.
The door dash CEO will rip them off just like he does to the DD drivers.
Facts stealing our tips as drivers
Hold on. The FDA can have a say on the package it's sold in, but not the container it's dispensed from. I could use a cookie jar if I so please. I think we are overthinking the FDA approval process.
Not if you're selling commercially. There's a reason why pharmacies like using the orange pill bottles. Stuff in the bottle itself can break down over time (this is why water bottles have expiration dates) and some drugs need proper protection from things like sunlight and moisture or else their chemicals break down as well. It's not really rocket science to understand why the FDA looks at how a drug is stored.
I think it would make more sense to try and get a licence deal with the pharmaceutical companies to try and implement the sustainable containers rather than getting into the "medicine" business.
Mark hates when people have better ideas and businesses than him lol it’s hilarious
100% took these packages from the Cannabis Industry
Los Angeles to Australia? Is that starting in los angles going E towards Australia or going west towards Australia?
Mr Wonderful: “Warm & Fuzzy” 😂
Barbara: Im allergic with IN, so am OUT 😂😂
Mark was kinda mean this one
Barbera: I am afraid of birds so Yeah you know..... Out.
Mark knew they were just trying to pay off some debts when they said they're "profitable on a unit basis", BUT that they're "investing in research and development". Digging yourself into a ditch to pay for Investing in research and development just to change a pill bottle while you aren't even breaking even doesn't make sense. It sounds like they got themselves into a bunch of debt and are just trying to dig themselves out..That's what Mark was commenting on. They're putting their company at a 20 million dollar valuation when they can't even break even.
Also, I think he was also right about FDA approval for every medicine, once their glass bottle is approved by FDA, they don't ned repeated approvals for different kinds of drugs. Of course there are certain temperature sensitive drugs, but those are not OTC.
Great pitch
I bet every time he does get a royalty. He definitely feels warm and fuzzy. Hell he would start a restaurant all by himself and then get a royalty of each one of the burgers sold in addition to the profit lol
Narrator: “Next in the tank is an entrepr…”
Barbra: “I’m out.”
😅😅😅
I love Barbara's wow😂
yikes
Mark has PTSD from medical scammers he thinks everyone is a medical scammer.
Does it come in 1 oz sizing ? Asking for a friend
Barbra had a very smart reasoning and response for being out tba she one of the smarter sharks
Have a good lunch everybody!
I hardly ever trust Mark, & sometimes really annoys me. Fair enough I'm no entrepreneur but I like Russell Gong & Achal Patel & good luck to them!!
Remember, Mark has his own drug company so he *thinks* he knows it all. This company will likely go to 1Billion valuation very soon.
So let me get this right, they give away 7% of their "81M company" for 500k and they need to return 1M to investors and still lose the 7%. This is when they are making tens of millions in revenue each year, and they will be profitable next year. This sounds like a terrible deal to me... idk....
Egg n chorizo burrito 🌯
What I ate while watching this lol
Warm and fuzzy 🤣😂
You guys need to stop judging the sharks/contestants so fast bc I don't think you guys realize how much of the real pitch is cut for TV
I don't think Mark likes these companies that come with huge valuation. He's more of a fan of helping out mom and pop-type, scrappy-type entrepreneurs with a story.
Barbara: I like my yearly consumption of plastics. I look younger because of plastics and, for those reasons, I'm out.
Barbara, let me save you time, you’re out.
Great Video!
Glass jars exist.
They sold 14mil but have 8 mil i'm cash flow and no profit? Does this add up? I don't get it
The other 6mill went to other investors
They didn't sign the deal, right now they r doing 25 million in annual revenue
Mark be hating 😂
Why not market these bottles to pharmacies? That to me seems like the easiest, most profitable and the biggest way to offset the problem they are trying to cure.
Because the bottles aren't their point. It is eliminating plastic in the refill process. As well as offering more affordable medicine.
@@Dwade32 why not offer their product to the pharmacies since they are a huge producer of the plastic that ends up in landfills.
Kevins never Out best shark on the show
Can we talk about how Cabinet Health is actually making a dent in the plastic waste problem? 🦈♻
I thought mark would be all over this with his cost plus drugs company or what ever it’s called
Russell reminds me of Russell from up
Mark was OVER IT lol
Barbara: I'm in! And for that reason, I'm out
Mark is annoying
I love cooking and baking for my dogs 😅🥰
I love Mr wonderful I mean Mr Royalty
Dam never ever promote supplements on shark tank when mark is there or he will tear you a new one lol
It's funny how Doordash has claimed to never made a profit except for 2020. Yet here is Tony making deals on shark tank. If your running a unprofitable business where are you getting the money to invest from?
Mark is a wonderful lady
mark straight to the point he doesn't care about the fancy words they're using
The deal never closed
Imagine the margins for LEGO
Wow Barbara didn't invest. Shocker
Sometimes I really can’t stand the shark-side BS. They tell the sharks that they’ve 700 thousand customers with inbound cash flow is $8 million, and she says she’ll never see her money back. Huh?
It wasn't really about the money. With most of Barbara's shark tank companies, she owns a large chunk of equity, and likes to take full control of the ordeal. The 2.5 percent of equity just wasn't digestable. 😂😂
Suprised they took that deal. Basically free equitiy and money. I guess it worth it to get the business more out there main stresm.
“valuation is out of this world” just say you’re a brokie that is a millionaire but cant afford this
I used to work for Tony’s company
Who's the guy in the glasses
surprised Mark think R&D is bs lol
Wait this new guy owns door dash? A business that has yet to turn a profit and has sucked in billions?
Yikes…
He did cheap market research during initial doordash launch by giving free kfc leg piece for 1 hour of work yes in North America. Not sure how far he will go when it comes to market research
You guys are criticizing Mark but the fact these people are spending so much on research and development for already developed drugs just to make sure its stable in their packaging doesn't make sense at all when standardized plastic packaging already exists. Their only real selling point is having below-market drug manufacturing costs, the packaging is a hurtful burden
If you want to see more iconic scenes from Shark Tank US, SUBSCRIBE to our channel! 🦈
Wouldnt this be better sold to pharma companies?
They have 700k customers but why they need 500k? 😶🌫️🤓🤔
remember mark has his own drug company no
Why Robert looks strange on this one? 🤔
Bon appétit
Plastic bad,pills good
Sure, we’re ingesting more microplastics than ever. We are also living longer as well.
That's a myth. People and generations before our lived longer and healthier lives than us. Only reason you would have heard that myth could be credited to wars and shady industrial revolution and capitalism tatictics!
What a weird equivalency
Wouldnt touch or trust the doordash guy with a 10ft pole.
Lol these guy are in HUGE DEBT
Mark acting salty because this they compete with his cost plus drugs company
Mark was bitter..
Mark thinks he knows everything
I call bs on that eating a credit card every week.
It’s true
Guys, do some research into hire Mark “made” his money. It’s not surprising he’s objectively the worst “Shark”
And Dope