Sharks BLOWN AWAY by "Stubborn" Entrepreneurs Product | Shark Tank AUS
ฝัง
- เผยแพร่เมื่อ 30 ก.ย. 2024
- David was seeking $200,000 in return for a 25% stake to help Clever Score expand internationally. He had been running the business for 10 years with no margin erosion - factors that looked good on the surface. But as they dug deeper there were some clear red flags which later turned into no-go zones.
Company Website: www.cleverscor...
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
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#SharkTank #Confused #REDFLAGS - บันเทิง
"What's your name mate?"
Well you see, my parents spent several months thinking of the perfect name, They didn't want to outright use my dad's name, or grandparent's, and their middle names were all terrible for a first name, so they decided to start looking through obituaries to find a good name, after a few weeks of that, they realized: "We shouldn't give our baby a dead person's name". So they tried the yellow pages. They got about 1/3rd of the way through the "A"s before realizing there's too many names, so they settled for David.
"Okay, where you from?"
Well, my dad was from Cambridge, and my mom was from Portugal, and although I was conceived in Melbourn, my parents did a lot of moving around, and-
I'm out.
Ikr
I mean his a good talker
Poor guy didnt get his words out
Poor guy didnt get his words out
😁😁
Steve is definitely making a database of where everybody comes from
n o i c e m 8
He’s actually making a database of where they woke up yesterday, didn’t you know?
Hahahaahaha
Where yah frum m8
@@njstorozuk
Pitcher: Well, originally I'm from..
Steve: Nah, where'd you wake up yesterday
"Tell us the Australian number sales"
"Ok the Australian number sales are -"
"JUsT TeLl uS thE saLEs"
"you see i have been making this product for over 10004838392 years-"
So i ate dinner today that's my sales
There is a lot of editing done in the clips as well as on the show.
Remember it isnt live so there is a lot of dialogue cut out. Remember they are up there talking for about 45 minutes and we get shown 12 of it.
They wouldn't let them finish their sentence
I thought 50% was a greedy offer, but when he added the $75,000 salary I thought he should have jumped at it.
Iknorite??
50% isn't even the majotity
The 50% is so that he gets a say in the company as he can be easily ignored based on what it feels like in his presentation
@@oz_jones well its 1 percent from majority.
@Ryan Morgan epic!!!
I think this is just this guy’s personality. He can’t help himself. I know someone like him, who is highly intelligent, who just can’t ever get to the point and feels the need to tell you loads of back story. It’s very frustrating, but that’s just the way he is. Love it or hate it.
in negotiating table, u must level with your opponent. if one wants a straightforward answer especially if they have a stronger bargaining power, u must go to his/her level and adapt.
Yeah it's anxiety
this guy is an inventor and have creative mind, he should hire somebody to do the talk job.
@@doncarlo9345 I do believe you are correct
@@doncarlo9345 that would be the smart thing, if in his mind he can’t create simple, quick concise answers then he’s just screwing himself over.
After watching enough of these, I feel like I need to start a biz coaching people in how to pitch their product/biz to investors.
Pretty sure there are actually courses for that already. But who knows try it and see what kind of money you make
This comment reminded me of the time where my mom made a dish that wasn’t too popular with the rest of the family and she refused to accept it didn’t turn out well and she exclaimed “I watch Mater Chef!”.
Just because you watch something on TV, doesn’t mean you could actually apply it practically.
Also, these pitches are actually ~45 mins long, so we only ever see a quarter of the entire pitch.
You'd make millions
I'm not a fan of just aimlessly giving away equity, but he absolutely should've taken the deal (especially w the $75k salary).
Yeah he seen it as losing half and didn't realize he would've gained probably 5 times more plus... Can't see the forest through the trees
Because 1% of something is still better than 0% of 10 billion!
@@B_Bodziak Well, no, the phrase you were shooting for was "100% of nothing%, not "0% of 10 billion". Your analogy makes no sense.
@@wintermute8315 you're both wrong, it should be 50% of a watermelon is better than 100% of a grape
Something tells me that guy is smarter than he is made to look here.
I think he was just trying to elaborate every little detail to get to the answer...but sharks just want a simple straight answer
@@pedromedina2974 , i think so too. And who wouldn't wanna .
He was trying to be sneaky, but came off as incompetent.
He was working in an environment of idiot parasites who think a stupid loud dramatic soundtrack should accompany business decisions
Something told you wrong lol
I didnt think he was really stubborn he just wasnt prepared and didnt know some of the answers
Wrong the questions where straight and simple
Saeed's Gaming yeah but he didn't know the answers because he hadn't thought and planned enough
Maybe the shitbrained loud soundtrack put him off
Yep. And on top of that he was going on circles avoiding saying anything concrete or "I don't know". He would make great politician :D It's all about saying lots of stuff without actually saying anything.
@@andreie and talking obvious BS and wasting the investors time is a good way to solve this problem? No, it´s not :D
I would hate to be the one who'd have to run the clock.
Easier than swapping the numbers out from an entire stack of them.
I don't know man, than sound when he flips them over is quite satisfying.
How is this a good product? It is extremely niche...
Higher up the market, people use digit. Lower down the market, people use cards or even just a simple white/blackboard.
The only market is people issues with finding electrical source or has to be mobile/portable.
Time consuming..
@@fuNaN89 ohh geez you confuse me.
I wish I have this guy’s mind when I am writing 10 page essay
Me trying to use this product: how do you make a 2 again. Spend 10 mins trying to figure out and lose track of the score
Good thing that sharks are translating for us what he is trying to say.😂😂
Mate,
Steve:Give me a simple answer.
*Inventor starts to explain the beginning of universe*
*Steve takes off glasses*
Oh boy shit’s about to get real
This guy has a 5 minute preamble for every question asked of him.
So many people do that. Infuriating trait.
It's a good product, but it would be interesting to know how big the manual scoreboard market is. And I'm guessing repeated purchases isn't really a thing.
laserbuddha only thing is... It's not revolutionary at all.. Schools across South Africa use manual 7 segment display scoreboards already... Unless I'm misunderstanding something?
@@AnonymousUser77254 Oops! It looks like my manual scoreboard knowledge is lacking.
Serious question, can you tell me how they use these scoreboards in school (I'm a teacher so I'm always searching for new ways to teach)?
laserbuddha They're used for sport, so nothing interesting.
laserbuddha if you want an interesting concept, my mom who is a teacher is currently having a traffic light made, the colour reflects the class's behaviour. She is a music teacher so the classes are rotated and it's a competition between classes; which class has the best behaviour. So if they start getting noisy, the colour would go from green to yellow, if they keep quiet after it'll turn back to green and so forth. The colours are kept score of and then a winner is announced at the end of a term with a possible reward.
@@AnonymousUser77254 Interesting... How old are her students?
"Okay, we're all out" - Andrew's polite way of saying "Get lost"
Something you learn quick when starting a business... Half of a lot is always worth more than 100% of not much. He should have taken it
50% was pretty fair in my opinion. You want them on to handle all the business end and be a partner you should be giving them half if it's just the two of you. Also that $75k salary option was great.
I would have taken the deal. a higher salary with lots of investment and a valuable shark is definitely worth 50% for an entrepreneur who had a lower salary and been stagnant for 10 years.
I just checked his website which is definitely so outdated. HE CHARGES 800+ AU dollars which is around 500+ USD for some of his score board LOOOLLL 🤣
It was a fair ask. That guy really didn’t know what he was doing. He needed a Partner.
I’m still trying to work out if I’m attracted to Janine or not.......
I am.
Shes a fox
don’t bother:)
im not im all in lol
She sexy, but also scary! Screxy? Yeah screxy!
In terms of 50/50, look at it this way, a shark would never take the deal if he knows he won’t make a lot of money. With 50/50, then you’ll make just as much as the shark.
good perception, but the shark may put in less money and time than the owner, so having just as much might not be good enough
1:09 he was holding the 8 upside down and it was really bugging me... 😂
Sameeee
It's Australia. What do you expect? Everything is upside down.
It’s just too hard to figure out!
@@timotejkochjar9225 besides our health care system....
@@TheAazah Do you have a good health care system in Australia?
He should've countered at 40% or 45%. It's easy enough to just say, "I built this company from the ground up and I'd like to keep the majority position." Then sort out the numbers.
He should have countered with 35% of Australia and 50% of international. Glen might have taken that
Shark wanted 50 % period to have some say. Only other way that he could have countered is with conceeding 50% and mnaybe 90000 salary
“Where ye from m8” every show
This guy is slippery. I don’t trust him at all.
Poor negotiation. Should have countered with 40%.
With 49% In my opinion. He would have gotten a shark on his team and still would have most of the business
50% is all about the control.
Its better to have 50% of something then 100% of nothing.
me when that guy said, " I would imagine a website would cost anywhere around 20k."
me: O - O
i have been totally underselling myself lmao
20k makes sense for a single developer going from concept to design to delivery, for a team that's still pretty low. If you only ask a couple thousand then you shouldn't be spending more than a week on it. Nothing wrong with making one-pagers for mom & pop shops though, but anything bigger than that and your prices should accelerate.
Lol same
@@Johnston.Carliferanda Love this summary, thanks
People charge £20k for bloody WordPress sites these days.
"I want to use the money to optimize production and advertise in in the most interesting markets"
What´s so hard about saying something like that instead of "well, you know, we can talk about that at some point in the future" ^^
Steve got really angry (6 mins in) & I agree - Why do people go into the tank then dodge the questions.
'Precise answers for how investor's money is going to be spent' => good lesson.
This doesn’t make sense, the score changes take too long, especially for basketball when the score goes over 20.
The current manual system is much faster than this and there are already cheap electrical scoreboards that go off a push of a button for 1pt, 2pt and 3pts
Yes and no. Old manual is quicker, but this looks better and you can make it bigger to see better. Also basketball still takes 10-20sec for attack on average. Also some number changes would be quicker than other.
Yes but in theory if a game goes over 100, you only need 3 of these numbers.
Most other score boards you need for example 2x8s. 3x1s. Lots of space oh we lost one.
It's a good product
What it needs is spring loaded number buttons along the bottom.
When pressed the panels automatically flip to the right number, bigger (multiple meters) can have handles instead so introducing the energy is easy enough
I would never purchase this. It takes too long to change
"Man there must be a better way to make a scoreboard" sounds just like a 9 year old kid
He needs to stop with the preambles to all his answers, answer the damn question otherwise it does look like you're just dancing around it. Are you a businessman or a freaking radio host or writer, even? You make scoreboards. I can't think of anything more number oriented or to the point and obvious than points scored in a game. He just talks talks talks.
A very good product. But Steve taught this guy a very valuable lesson on how to talk to investors.
I love Steve, he’s an asshole but he’s the type of partner you need when you’re dreaming big and sort of getting on on your own supply.
He brings them back down to reality and it’s really smart about things so I think you’ll be able to cut off a lot of the fat
Five minutes in, the questions asked, not answered, I'm out.
Lol the narrator summed up his pitch in like 5 seconds and when he couldn't do it
Shark Tank, this show has got some really good ideas coming in for investing, more so than dragons den.
However!
The background music, sound like it's trying to be a little Bossy.
Yeh. The music is very irritating.
Some of these entrepreneurs shouldn't be here. going from electronic to manual.. lol
@@ExistentialismEnjoyer burrrnnnn
cope or rope since i lost all hope disagree. These things cost as much as a cheap electronic scoreboard
Exzavier he could literally invent one. Scoreboards don’t have much to them. It’s just a cheap display that lights up dots and a circuit board. It’s literally 1990 technology.
You can easily build one and sell it for a few bucks. Today’s circuit boards and technology are light years ahead of the way electrical scoreboards are made today (still stuck in the 90s). If you were to modernize the tech, you’d put all those old heads out of business.
Ryan Morgan no, cheap means cheap. It’s not 1990 anymore. Decent tablets now go for under 200
Ryan Morgan so you’d over pay? Okay lmao
Glen talks the big game then shoots like he’s throwing a dart 😂
Hi I’m Jenny and am not part of shark tank Australia so for that reason I’m out
Lol I wasn't expecting any of the jenny jokes on any other dragons dens
I salute you! I wanted to make a Jenny joke here as well!
Is there a bot that spams this comment into every Shark Tank posting?
More like clueless entrepreneur "okay"
This guy was all words and no numbers. Clearly he had no idea what the 200K was for. He just pulled that out of the air. The only expense was a website for 20K. And as a guy who is not a businessman, and as someone who admitted he needs the mentoring most of all, for him to concentrate on percentages was so self destructive. 50% of a small pie is 50% of nothing. But that is a common fault with these people. They think small and they have big egos, rather than the reverse.
Yeah if he wants them to run it he should have made the $1 pitch the HamDog guy made. "I don't care about your money I want your work".
He felt he was worth something ,which he is I feel, and put a number on it out of ego. Should have been honest and asked for like 10k for the 20 percent if anything and said I want to make the website and get your help. Done. Probably gets 3 offers.
this guy is creative there whole lot of things going through his mind ha have difficulty to put in words, he should hire someone to do the talk.
Dude has me rolling when he goes "ohhh Happy Gilmore" before the last basketball shot.. Never heard a basketball and Happy Gilmore reference together.. Steve doesn't watch much basketball lol
The comments are funny af
out of control.
Steve from Minecraft: "Im Steeve!"
Steve from Shark Tank: "Where You from mate?"
SHould've taken the deal. He clearly doesn't know how to manufacture and taking it to the marketplace. Doesn't know what the money is for other than a website. He needs to learn fast, which I doubt he could. That blue suit guy has the experience and connections to do all that for him, all he has to do is just sit back essentially and watch the money roll in. Just follow his instructions and you don't have to do the thinking.
Legit, that 75k salary would have been pretty sweet. I'm not sure why he passed that one up.
At first I would have talked him down to 40% of the company, but add in that 75k salaray... I'm two years that's 150k added in addition to the company profits
I actually really like the way you change the numbers. Pretty satisfying
I can’t stand when people say ‘okay?’ At the end of their sentences.
Mrs Kaiti Morris me too! For business , he should not end with okay. It sounds like he’s talking to his employees.
Alright, I will stop doing it okay.
Mrs Kaiti Morris ye it makes the person who is is being talked to with okay feel like a kid
I guess I could see these being popular with youth sports, particularly ones that are played outside. Like I played rec league soccer as a kid where we played at different middle and elementary school fields. I could totally see them using this. Especially if the price was like sub $200 for the sign and all the number plates.
Problem is people get too attached to their products... he should have definitely taken 75k salary to invest in next project and watch his 50% grow by letting Glen manage his product sales. simple as that mate!
Does it take 20 000 dollars to set up a website?
That can't be real.
He’s like Neo dodging all that
Clash Royale!
I think this is a good guy and a great inventor I'm just a little confused on the product if anybody needs a scoreboard won't they just get a electric one that actually keeps the scoring you just press a button to add the score
This is pretty cool and neat but I just have a hard time seeing this take off on the market
I am a businessman but then again my business is an AC and heating not selling scoreboards I do sell products and equipment but not scoreboards so for that reason I'm out
i watched more then 50 Videos... but didnt saw A red Shirt Women Buys anything...
she is just Actor and playing around...
I was thinking same until I came across one video with gift cards. There she invested😅
@@vedant4419 Same! And she also invested in Lil Fairy Door
He wants someone to run his business for him, doesn't want to give them an equal share. He didn't even give them margins!
I was thinking the same was good offer with salary included
3 minutes into the video i already noticed how dumb this dude is. Even at 60% i would accept. This dude is gonna be running my damn business, thats why...
He said he was making 200k on Aus and mentioned good sales in the UK, but never stated the amount.
I really think he just didn't clarify the profit of the business world wide in a single figure, which with the Aus business included would make 50% too high.
Chazozo Chan the shark would definitely double his business
@@Elesounds Exactly! its like saying this: you will give me half of ur company, then i will make it 2 to 4 times bigger. Wtf is the problem. People dont want stability, security and knowledge, some just want the honor of still owning most of the company they started, which is delusional....
Why does Steve always ask the person from where he comes, he isn't the nicest guy...
It's an icebreaking question that everyone has an answer for, builds rapport between you and the person you ask. Everyone likes talking about themselves.
This product should also come in a letter variant. Wouldnt be hard, just 4 more angled flaps between. And you could replace letter reader boards alltgough they are nearly non existent today
David can't except 50% of his business that he doesn't know 75% off the numbers on and is now at home 100% of the time with a business that is earning 0%
I bet he regrets this move more that 50%
Can someone please clarify who would prefer manual boards to electronic ones?
50% of the World is a hell a lot more than 100% of just AU
The guy is smart but clearly didnt know how to run a proper business and wanted the sharks as a partner to help him do the business work while he tinkers. Glen was willing to do that but if he is going to be running most of the company he needs a 50/50 split for his time, plus he was giving the dude more money then his current salary. And him having a 50% stake would have incentivized him to grow it more. Win for both.
Tho he should have tried to bargain for at minimum a 40% or 49%
Why did I read it as “ Sharks get a blow from stubborn entrepreneurs”
He looks like al bundy ffs
matty - No, Al Bundy. From the TV Show Married.. with Children. (Played by Ed O’Neill)
@@emradford5173 LOLOLOL You really meant Al Bundy, right? It sounded just like a movie joke.. how you revealed to us that you actually mean Al Bundy and went into detail about what show he's from hahahahaha.
I would have countered Glen with 49% stake +75k salary. I think Glen would have understood that the founder wants to keep the majority stake and would have agreed to it. If this was taken international in a proper way, business would blow up by 30-50 times easily.
As they say- "“51% of a watermelon is better than 100% of a grape”"
Bruh that salary offer actually made it a REALLY good deal he should have taken it
I wouldn't invest $10 in this business! Manually turning segments of each number to the new number is time-consuming, cumbersome and antiquated when, a single button on a control panel does the same thing. It might work for a little league baseball or soccer game but not for anything that requires the scorekeeper to be actively involved in what's going on in the game. For that reason, I'm out!
Really naive he didn’t take $200,000 +$75,000 salary, he could have quadrupled his business within 1 year saving him 2-4 years worth of time.
Dude wants someone to literally run his business for him but isn't happy to get an equal partner in what's basically a small startup? Glen was being generous for not asking for a majority share considering what he was offering.
Guys a laugh.
Giving away half your business 😉😊😂 are you crazy -- Glen
is willing to pay for it and put wheels on your business -- you walked away with nothing -- not smart
People coming into Aus Shark tank with this
"For a % of the worldwide business" nonsense. That's so disrespectful I would tell them to leave immediately.
Why not add a software and self-changing mechanism to the board that changes through bluebooth connected to an app? 🤷♂️🧠💡
Why not get a digital one at that point.
Andrew Dzierson still looks really nice 🤷♂️
@@andrewdzierson2036 probably cheaper though
Has Glenn seen a human shoot a basketball before? 🤣
What's you favourite colour?
Banana🍌😂
Lol what a twit. He wouldnt be giving half of his current business away. He would be getting a pay raise, plus an unknown amount of international revenue which can only increase his current revenue
You realise very few companies on any version of this show ever do that well, giving away 50% prevents you giving away 50% on the future doesn't it.. you can always find angels to put money in on much better terms
@@anyexpat , i agree. And the product is awsome. Has application in classroom, kindergarten.
Some of these sharks are dumb i think.
I mean coming from a kid who has been scorekeeping games/ working at a b-ball facility for 4 years of high school, I can never see this product being used. Electronic scoreboards are already being made cheap to work quicker with less of a hassle.
how about outdoor
I thought he was fine they kept interrupting him at the beginning they wouldn't let him finish anything. Don't blame him for saying no.
It's really rude asking for 50% of someone's business, it's really....
Let's go hunt, doo, doo, doo, doo, doo, doo
Let's go hunt, doo, doo, doo, doo, doo, doo
Let's go hunt, doo, doo, doo, doo, doo, doo
Let's go hunt
Run away, doo, doo, doo, doo, doo, doo
Run away, doo, doo, doo, doo, doo, doo
Run away, doo, doo, doo, doo, doo, doo
Run away
They have the weirdest shooting form of all time worst than shack
Sharks-asks him about sales
David- possibly on the right circumstances if everything was going good and my moons and shakras were aligned so maybe it could so happen maybe possibly
I’m realizing that the Australian shark tank WAYYYYYYYYYYYYYYYYYYYYYYYYYYYY OVER EDITS these episodes, like it’s not THAT dramatic, and why the hell are you so close to everyone’s face? I can literally see everyone’s pores.
Doing the business side is a lot of work- that’s a full time job. I don’t blame the deal, but that salary though was a great bonus
I'm surprised no one asked if he had a patent. I love that product and I think there is definitely a market for them. Probably not schools because they can get digital. But for a lot of kids sports groups this would be very useful. Also even for games with friends. Light weight, carry it to the basketball court with your friends.
This poor guy was his own worst enemy!
Steve: Hello mate I am Steve and where are you from?
Entrepreneur: Hello Steve I am from Abeze-beze Pfffff-Tre-tre...
Steve: ... Oh, nice! Lovely!
BRUHHH is Naomi (red lady) ever gonna invest ahahhaha
This guy looks like Vinnie Jones
Guy was used to making 120k in the business alone. Subtract 75k. That's 45k in profit and Glen valued the business at a 9X multiple.
That's a very nice offer.
He should have sold 100% of the rights for $350,000 with a $1 per unit royalty. He's got no business running a business.
@Ryan Morgan it's going to take him a long time to make $350,000-$400,000 on whatever investment deal he made. You take that money and cashflow your next invention and continue to increase working capital. That's how a business listings website turned into PayPal which turned into Tesla, SpaceX, and Solar City. But what do I know, right?
I will be really honest this seems like a step backward more than it is a step forward as far as these numbering systems go. Even going from "1" to "2" includes flipping most of the little bars that make up the numbers around. Every scoreboard I have ever seen even like at smaller games has been on an electronic board. The pros have the nice ones, the kids have just the basic ones. I assume some computer is feeding them the information or otherwise some guy has a terminal he's able to actually just enter the numbers with a keyboard or whatever. Nobody is gonna want to have to flip all those things around, in a fast scoring game like Basketball it would be an absolute nightmare.
1st to comment...
Luv u shark tank!!!
I was you liar
It's a great product. I would think it has a lot of potential beyond just scoreboards.
He should’ve taken Glenn’s deal! He would’ve gotten a higher salary & cash for investment & growth. He could’ve sold to gyms, schools, parks, homes, arena’s & even churches.