Dude really said at the end "I think if they understood the full business they would see alot of good here"....the sharks were literally begging them to explain thier business 😆 lol
There is no way 6,000 are waiting to drop 3k on a set of bike tires. And if you are selling a bike tire set for 3k, there is no way you will be selling a car tire for 800 each. These guys are liars. They say is costs 150-200 per pound? Why not know the number? What they meant to say is the tires cost them 800 to make for a car and they were going to sell them for 3k-5k each tire. 15k-25k per set of tires. All this tire business and they roll in on rubber tires. Idiots.
@@brianhomskis1873 considering a set of bike tires cost 50 to 75 dollars for a pair, it take you 30 years to break even. Also, they have to wrap that in rubber which would wear down and require either maintenance or a new set. Extremely bad use of money to buy these.
It's a stolen NASA tech meshed in clear words. I am not surprised though that's habitual for the wanna be astronaut, also stolen astronaut identity but what is the white guy doing with stolen goods. That is so unbecoming of him.
ALWAYS beware of a guy who says he's one of the best in his line on business but is asking for money to "develop" his business ESPECIALLY if he's already raised 1 MILLION plus dollars and is INCAPABLE of saying WHAT he's done with the money !
I'm an Engineer. I'm a serial Entrepreneur - We told Nasa everything we did and THEY believed us so YOU should too ! Right there you know they aren't the real deal. USD 800 for a bicycle tyre ! My bicycle isn't even worth that.
@@team3383 Hard agree I never understood why they focused on the bicycle business. I think their product has way more future as an addon you get on cars since there is more margin for price in those and people are already spending thousands.
@@wassup4532 Thats exactly WH I said that it's hard to believe them when they don't answer WHAT they do and WHO they are diretly, but only say - "We managed to sell the idea to the NASA" .... = NOT very credible or convincing. They weren't even able to come up with a viable business plan - As you have on the spur of the moment and it's not even your product !!! These guys are a laugh.
I like how well Kevin did in judging the business. Sometimes people think celebrities, especially comedians, don't have a business mind and they depend entirely on their "team" to figure out deals. This proves that isn't always true.
Kevin is the richest comedian in the world along with having more sources of income from different places so he gets more practice. Kevin has also said he was broke when he ended up messing up his money when he first got famous so he learned everything he could about Business/money to keep that from happening again.
as a cyclist I have to say for cheapest road tire for road bicycle you have to pay around 10-30$ while going from 30-100$ you're already getting premium product and anything above 100$ is checking all boxes in cycling world 2.5-3k wheelset is a no go especially considering the weight
The feedback we've consistently gotten from cyclists is that a $100-$150 tire that lasts multiple years and never has flats is a very fair price. Wheelsets already routinely cost that much - all of that price point is in delivering an integrated set for those that want it.
What the entrepreneurs say after they leave the tank always tell you exactly why they failed. They blamed the sharks for not understanding instead of taking ownership for their lack of clarity on operational execution. Their egos are not their amigos!
The fact that they're apparently planning to charge $2500 for a set of bike tires in-and-of-itself says to me they have no business experience whatsoever.
@@EGarrett01 you'd be surprised how much money bike enthusiasts spend on their bikes. $2500 for a wheelset isn't completely out of the water for a high end buyer who already spent $10k for a frame and transmission components.
@@ItsMeHammie But all he's getting is a wheel that doesn't puncture. If he has that much disposable income, you miss out on a lot of the value, which would be saving money in not having to replace wheels.
They are just crazy... thinking that they could compeat with tire companys, they have laboratories, and thousends sciesists... working on mixing different rubber and those two thought they gonna make high end tires for sports cars. I think they know thwy have a cool projct so they will milk people at crowdfunding for another millions and live the dream... hehe. They know this is unrealistic but very cool
The tire has change dramatically in the last 100 years. We went from natural rubber with cloth bias ply, to a multi compound silica vulcanized rubber with steel/ kevlar reinforcements. Also nobody would by a $700 pair of bicycle tires. A goodyear bike tire costs $10! And it lasts for 5 years of heavy riding.
My thoughts exactly. I've been riding regularly for most of my life. I think I've had to replace massive 5 tubes/tires ever. And that's including my kids and wife in the equation too.
@@seant.2387 It's $2,500 for a pair of tires AND wheels, the tires can be had for only $500, mind you that's still incredibly expensive for bike tires, and half the cost of my bike!
if the tires are still wrapped in rubber they will have the same wear and life of normal tire, only being puncture resistant, but considerable higher cost
@@claytoncarvalho9176 To be fair a business are made for a end goal what ever that might be. If you invest in a stock wouldnt you like to know what sector the busniess are in and their busniess plan? These guys cant even tell what they had in mind when it comes to sales they just developed a prototype with no end goal in mind. If you getting pitched you want current past and especially future vision of the companies financial values, contracts, some basic knowledge of the product and the market. All these guys got is ”it’s a wheel that dont puncture and we dont know what to do with it”
As of February 2023, The SMART Tire Company (STC) was valued at $54.5 million. STC is a company that is developing airless tires made from space-age materials and coated with a rubber-like material. STC is working with several large aerospace companies that are preparing bids for NASA's Project Artemis. STC is also collaborating with Hyundai Motors and Kia
Nitinol is not a cutting edge material any longer. Orthodontist have been using it in the wires for like 30 years +. The main problem with the material is the coefficient of friction that it produces, which is high and will be a problem for tyre purpose plus they will also wear and also the sound that they will produce when in contact with road will be something that have to be looked deeper into. Hope they have worked out around these issues .
If they could develop it for High Performance Motorsport like F1 I could see it being huge but it's never gunna get used for private cars at that cost.
@@Napstone Yeah exactly - it's the only industry I'd see it could be viably used for and they would never use it. I imagine as well the Tyre companies just completely control who and what can be used.
In the end he said "we are gonna raise lot of money", exactly the problem here, he is just trying to raise money after money instead of making a viable product and going to market.
I don't get it. The rubber will wear at the same rate despite the internal armature. Who would spend 4x on a tire that will never go flat, but lasts the same as a conventional tire?
I was just thinking the same thing. The rubber might even wear faster. It would work if you never had to buy a set of tires again, but the price is too high to avoid something that doesn't even happen very often.
Yeah, I think maybe it could make some sense if you could use these for the entire life of a car and maybe even for all your future cars, they'd have to reform the industry to just refresh your tread... I don't think it's realistic at all.
My question is: Do the tires go bald and have to be replaced like regular tires? Is the core re-useable ? Also, if you have to have rubber on the outside you're still creating toxins in the environment. I'm not sure about this product.
Pretty sure they still need rubber on the outside, and the prototype of such tyre is not even done yet. They had the audacity to value their company at 20 million dollars at such early stage, that's just crazy.
It's crazy there was no mention to how it behaves, I just can't imagine this would work anything like a traditional tire in real world conditions. Would be really curious about the weight because $3000 for a wheelset is by no means crazy in the competitive cycling market.
I just love when people try to fix a problem that doesn’t exist. And then for cars and being competing against high end performance tires there’s literally no shot. For performance tires everything comes down to the rubber compound, the side wall, and the nitrogen (yes nitrogen) in the tire for air pressure… and mostly being able to adjust that air pressure for track or driving conditions.
Exactly. For a bike the tyre has a small contact patch and for most bikes its all the suspension you have. Car’s are another level of performance, noise, comfort, durability. The big players have spent Billions on R&D on run flats and haven’t nailed it yet.
Not to mention all the different types of sizes of tires the company has to make for the public...there are tons of different heights, widths of tires and they need to cover with rubber anyways!! The whole concept is it won't go flat..I literally had 1 flat tire my whole life and filled it up with air for 1.00. Most consumers arent going to have tons of flat tires frequently. I don't see the relevance of this product from a purpose, utilitarian and cost perspective.
@andreroestenberg6313 One flat only! You're very fortunate. Someone in my family is getting a flat like once a year, or at least a slow leak. I would love something like this but they need to figure out the rubber part.
Even with a reasonable valuation they have an idea, not a business. Was impressed by Kevin Harts line of questions though, the guy clearly is very smart
But here’s another issue they didn’t explain, if their tires are going to NEED rubber wrapped around it to work no matter what, then what happens when the tread runs out and goes bald? You might not have to worry about another flat again, but unless you’re using invincible rubber, the tread WILL go bald, so you’ll still have to replace that tire in some fashion. Then there’s the question of how to replace just the tread on a space material tire base, how much that will cost to replace, how many tire manufacturers have it available, how many tire manufacturers even know how to perform such a procedure, do we not have to worry about the question I have at all because in all actuality it will come sold pre wrapped in rubber so all you have to do is just ask for a smart tire and they put it on your car and rims like normal etc… The sharks were right, there are so many unanswered questions and it makes me angry just thinking about it.
Love the product. Love the vision. No real plan to execute. Price point is way to high. No one is goin to pay 2k for a bicycle tire unless maybe they are in the Tour de France and that’s a maybe. 1,500 to 2k for a full set of truck tires, maybe but it sounded like they would be closer to 4-10k
If they sold it to mountain bikers and guaranteed a few grams less per wheel they would sell pretty well haha, mountain bikers will buy anything if it'll save some weight. --mountain biker
@@GeddyRC Mountain Biker here ride roads & trails, you're 100% wrong. Price is always a factor to anyone. No one will pay $2,500+ for that. Unless you're pro.
Wheelsets routinely go for that and more. Unfortunately the Sharks were so eager to talk over us and criticize the price, they completely failed to understand the difference between a carbon fiber wheelset (commonly $2k-$3k without any tire at all), and a tire (which we'll be selling for $100-$150).
@@thesmarttirecompany y’all didn’t explain yourself thoroughly, y’all were going around in circles with your answers. 🫤 So unfortunately, it was y’alls fault.
@@carladakotafranco2056 you'd be shocked how much doesn't make it into the TV episode, but it's all good! Can't win them all and we appreciated the opportunity with the sharks.
They seemed too focused on just raising money. Their only achievement seemed the equity crowd funding. Just like the sharks pointed out they have not executed anything at all.
One thing that they didn't ask was what happens when the rubber wears out? You buy a whole new set, or do you just replace the rubber? If the rubber is just replaced, then that premium is only paid at the being and just just pay what it costs to replace the rubber. If that's the case, I think that business can work. You have a tire that will never go flat, and you just worry about the wear and tear.
Nobody noticed that the weight of the wheel will be increased and every additional pound per wheel is a big deal on performance of the car: braking, handling and even acceleration (rotational power, that’s why light weight wheels is a big deal)
They do not have a viable product. They say they are going to add rubber to the outside of the tire, rubber wares down from regular driving. The product would need to be replaced every 3-5 years and would not do anything to reduce the amount of rubber waste. This would not even be cost effective for the consumer.
Just because it doesn't go flat doesn't mean the rubber is not going to wear out. It might be puncture proof, but most tires have to be changed simply because they wear out. This will be a very expensive replacement.
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
@@catherinerea3569exactly it's like I told my mother if you buy a CD at 3% interest rate and inflation is 4% you actually lose 1% on your earning power. Never keep money in the bank
The issue is that these tires still need to be replaced just as often as any other tire. Unless they have some patent on a special tread ware technology, these only help prevent against flats, and nothing else.
those customers are gonna be waiting on that waitlist for a very long time if they only have a 5,000 square foot lab and no production facility yet. The smart play is to license it as a premium tire to an existing manufacturer.
I don't like how the sharks always argue they can buy a cheaper inferior product as if they're pinching pennies. As an average comsumer living in a depression, even with the current economy, I'd much rather buy these tires than ones that I'll have to rebuy over and over again. You have to think smart with your money, and it's more affordable to buy a more expensive product that actually lasts than rebuying the same crap
This is not our first market (but we answered the question). That said, truck tires can easily cost in the thousands, especially on long haul trailers.
It’s a great idea, but they are really starting out. I wouldn’t be surprised if they actually grow thsi in a couple of years and we see them having the first or one of the first companies producing airless tires.
First they say something bad about rubber then introduce new material that apparently need rubber to function so in the end it substitute air in the wheel not the rubber
rubber still wears out, so what you are paying a premium for is to not get a flat and not because it is more economical than simply replacing it when it does go flat. that makes sense for nasa. it might also make sense for baja and rally car racing, because they get lots of flats. i cant think of any other situation where these are a good idea.
Holy mackerel. I’m watching this in the middle of 2024 for the first time and according to their website, this company still has not launched a product for sale yet.
Dude really said at the end "I think if they understood the full business they would see alot of good here"....the sharks were literally begging them to explain thier business 😆 lol
And then he said "we know we're still going to raise alot of money and change the world" 😂 not a single lesson learned from this trip
There is no way 6,000 are waiting to drop 3k on a set of bike tires. And if you are selling a bike tire set for 3k, there is no way you will be selling a car tire for 800 each. These guys are liars. They say is costs 150-200 per pound? Why not know the number? What they meant to say is the tires cost them 800 to make for a car and they were going to sell them for 3k-5k each tire. 15k-25k per set of tires. All this tire business and they roll in on rubber tires. Idiots.
@@MickeysCorner 3k on a tire bike set is fair if it’s the last tire set you’ll ever need to buy . Pays for its self pretty quick 🤷🏻♂️
@@brianhomskis1873 considering a set of bike tires cost 50 to 75 dollars for a pair, it take you 30 years to break even. Also, they have to wrap that in rubber which would wear down and require either maintenance or a new set. Extremely bad use of money to buy these.
@@rodrigok1220 ya I was going to say I’ve had my mountain bike for 15 years and I’ve only replaced the tires twice
I loved how Kevin controlled himself "Anger.....anger management"🤣
9:10 maybe he finna sya wrap this around... Haha
@@stevethea5250 bro what language is that
I think he was gonna say he'd rather wrap it around his neck and kill himself 😅
Exactly. Especially since he’s a comedian. He should be more easy going.
It's a stolen NASA tech meshed in clear words. I am not surprised though that's habitual for the wanna be astronaut, also stolen astronaut identity but what is the white guy doing with stolen goods. That is so unbecoming of him.
Mr Wonderful’s anger management classes really did wonders. I miss his "you're dead to me, get out"
The" f*** you" was golden too 😂
Surprised this pitch didn't send Kevin over the edge..... 20 million valuation and no sales
If this worked I would try selling equity on my toe nail clippings $10k for 1%
Popo to me is my favourite
@J040PL7 To be fair that guy was an absolute dick and insulted Kevin first AFTER he gave him an offer
Mr Wonderful stopping himself before saying “I want to wrap this cord around your necks” 😂
That was my favourite moment 😂
wouldnt be good to say that to a black dude eh? HAHAHAHHA
Kevin really does seem like he’s been on some sort of healing journey and I’m here for it.
Miss the blunt, crush your dreams, Kevin 😂
Well his wife killed people so he has to
cuz of ftx lmao
I remember on one episode he said he had been taking anger management classes
Ftx might have been a wakeup call 😂
Watching Kevn Hart be serious and try to wrap his head around the ridiculousness of people on this show is sublime.
ALWAYS beware of a guy who says he's one of the best in his line on business but is asking for money to "develop" his business ESPECIALLY if he's already raised 1 MILLION plus dollars and is INCAPABLE of saying WHAT he's done with the money !
20 million valuation with no sales, awful costs, no business plan. It was kinda expected
I'm an Engineer. I'm a serial Entrepreneur - We told Nasa everything we did and THEY believed us so YOU should too !
Right there you know they aren't the real deal.
USD 800 for a bicycle tyre ! My bicycle isn't even worth that.
they're selling big vision
@@team3383 Hard agree I never understood why they focused on the bicycle business. I think their product has way more future as an addon you get on cars since there is more margin for price in those and people are already spending thousands.
@@wassup4532 Thats exactly WH I said that it's hard to believe them when they don't answer WHAT they do and WHO they are diretly, but only say - "We managed to sell the idea to the NASA" .... = NOT very credible or convincing.
They weren't even able to come up with a viable business plan - As you have on the spur of the moment and it's not even your product !!!
These guys are a laugh.
@@wassup4532 there are probably laws prohibiting you putting random materials in your car tires
I like how well Kevin did in judging the business. Sometimes people think celebrities, especially comedians, don't have a business mind and they depend entirely on their "team" to figure out deals. This proves that isn't always true.
What ? Dude is clearly clueless , can't even articulate himself properly. He's only there for PR
Can you please add hart here I thought when did Mr wonderful became a comedian 😂😂😂
Kevin is the richest comedian in the world along with having more sources of income from different places so he gets more practice.
Kevin has also said he was broke when he ended up messing up his money when he first got famous so he learned everything he could about Business/money to keep that from happening again.
@@justawildgengar w
I say mr. Wonderful and mark along with Kevin HART are spot on. These guys were not prepared to present. .
when I was younger I asked my dad "Dad, why is asphalt better for roads than concrete" He said "its not, it's just cheaper"
best comment
Reminds me of our science teacher. Except, we didn't ask, she told us: Electricity travels through gold better than iron. Lol
@@mobbs8229 can you explain why that is important? is iron more expensive than gold?
@KingOverdose 💉💉 bruv, you're getting it mixed up, he said electricity travels faster through gold than iron
@KingOverdose 💉💉 as in, none is going to use actual gold instead of iron. The same way the OP's dad...come on, don't make me explain the joke. XD
That was the most confusing pitch ever 😂
Because the sharks said so ?
Insta?
@@Summer69384wtf
Not for me, they are explaining the business plan. Just because there is no revenue is the reason why none of them want to invest. It’s simple! 😂
@@infinitybless7132 Their business plan is to charge people $2500 for bike tyres bruh
9:54 I laughed so hard when I realized who their last hope was.
All roads lead back to Mrs. I'm out 😂
Without even finishing the video i knew who you were talking about 😂
@@J040PL7 Yeah and when she starts talking, you know she's about to go out on them with a double backflip and extra cheese, lol.
I thought she was gonna say "you know where this is going, right?" Lmao
@@trblemker00 SAME😂
as a cyclist I have to say for cheapest road tire for road bicycle you have to pay around 10-30$ while going from 30-100$ you're already getting premium product and anything above 100$ is checking all boxes in cycling world
2.5-3k wheelset is a no go especially considering the weight
The feedback we've consistently gotten from cyclists is that a $100-$150 tire that lasts multiple years and never has flats is a very fair price. Wheelsets already routinely cost that much - all of that price point is in delivering an integrated set for those that want it.
What the entrepreneurs say after they leave the tank always tell you exactly why they failed.
They blamed the sharks for not understanding instead of taking ownership for their lack of clarity on operational execution. Their egos are not their amigos!
The fact that they're apparently planning to charge $2500 for a set of bike tires in-and-of-itself says to me they have no business experience whatsoever.
It was funny they were blaming understanding when they themselves complicated the information.
@@EGarrett01 you'd be surprised how much money bike enthusiasts spend on their bikes. $2500 for a wheelset isn't completely out of the water for a high end buyer who already spent $10k for a frame and transmission components.
@@ItsMeHammie But all he's getting is a wheel that doesn't puncture. If he has that much disposable income, you miss out on a lot of the value, which would be saving money in not having to replace wheels.
They are just crazy... thinking that they could compeat with tire companys, they have laboratories, and thousends sciesists... working on mixing different rubber and those two thought they gonna make high end tires for sports cars. I think they know thwy have a cool projct so they will milk people at crowdfunding for another millions and live the dream... hehe. They know this is unrealistic but very cool
The tire has change dramatically in the last 100 years. We went from natural rubber with cloth bias ply, to a multi compound silica vulcanized rubber with steel/ kevlar reinforcements. Also nobody would by a $700 pair of bicycle tires. A goodyear bike tire costs $10! And it lasts for 5 years of heavy riding.
It’s $2,500 for the pair, not $700. They’re out of their damn minds if they think people will pay that for bike tires
My thoughts exactly. I've been riding regularly for most of my life. I think I've had to replace massive 5 tubes/tires ever. And that's including my kids and wife in the equation too.
@@seant.2387 It's $2,500 for a pair of tires AND wheels, the tires can be had for only $500, mind you that's still incredibly expensive for bike tires, and half the cost of my bike!
Not to mention the weight of a bike tire. They should have focused on automotive tires
Agree
if the tires are still wrapped in rubber they will have the same wear and life of normal tire, only being puncture resistant, but considerable higher cost
Maybe you can get the rubber refilled and it might be cheating the long run ..
I was thinking the same thing. There's a reason tires have been around for over 100 years. Rubber is the best option.
Correct. I was wondering when they would address traction.
@@michaelyount3843 their pitch was sp awful they couldn't even get to the important points
you've got a point
Man, I felt Marks pain. Dudes couldn’t pitch their game plan at all.
cause there is none lol
to be fair, Mark doesn't have a lot of patience listening to anyone's pitch anymore.
They didn't have a marketing game plan. They were still in the inventing stage.
@@claytoncarvalho9176 To be fair a business are made for a end goal what ever that might be. If you invest in a stock wouldnt you like to know what sector the busniess are in and their busniess plan? These guys cant even tell what they had in mind when it comes to sales they just developed a prototype with no end goal in mind.
If you getting pitched you want current past and especially future vision of the companies financial values, contracts, some basic knowledge of the product and the market.
All these guys got is ”it’s a wheel that dont puncture and we dont know what to do with it”
@@claytoncarvalho9176their pitch is garbage
love mark and Kevin the only two who actually give advice to people instead of saying it’s just not for them and they are out like Lori.
Maybe they did but it just wasn't shown or edited in
For those who don’t know, Earl (space suit) was actually the season 14 winner of Survivor
Thanks for the info.
God bless you.
It's the first thing I realized when he took the helmet off!
Can't believe how far I had to scroll to find someone pointing this out. This was the first thing I noticed
If he mentioned this they would have gotten a deal
Another fun fact for people who don’t know about his win: He’s the First Winner in survivor history to get all the jury votes to win
As of February 2023, The SMART Tire Company (STC) was valued at $54.5 million. STC is a company that is developing airless tires made from space-age materials and coated with a rubber-like material. STC is working with several large aerospace companies that are preparing bids for NASA's Project Artemis. STC is also collaborating with Hyundai Motors and Kia
Nitinol is not a cutting edge material any longer. Orthodontist have been using it in the wires for like 30 years +. The main problem with the material is the coefficient of friction that it produces, which is high and will be a problem for tyre purpose plus they will also wear and also the sound that they will produce when in contact with road will be something that have to be looked deeper into. Hope they have worked out around these issues .
If they could develop it for High Performance Motorsport like F1 I could see it being huge but it's never gunna get used for private cars at that cost.
F1? IoI not a chance! they have strict requirments about every singIe thing that goes on an F1 Race car
@@Napstone Yeah exactly - it's the only industry I'd see it could be viably used for and they would never use it. I imagine as well the Tyre companies just completely control who and what can be used.
It would be pure trash compared with the technology they have now.
If it was possible for F1, it'd already be in F1. I'm unaware of any autosport that is more on top of fancy technology than F1.
@@GeddyRC but don't they still do tire changes in F1 so how can the technology be more advanced than this?
The comedian looking around like yeah I'm not getting it...😂
Priceless!
I bet these guys are ‘tired’ of hearing they have an ‘overinflated’ evaluation. Thanks for the video.
Underrated
Well that's what you get when your business plan/execution fails to have the rubber meet the road. :)
4:28 Kevin: you're not astronaut 😅😅
Legend has the sharks are still waiting to hear the business plan…
Kev's 'Anger management' 🤣🤣🤣
I miss the Savage old Kevin comments on this one 😂
I don't think many people will pay that much cost for tyres. Sometimes being too much Premium is not good
1:14 - Barbara thinking about how she can back out of the deal
"no I shouldn't say that" good on you, Kevin!
Love him or hate him, but mr.wonderfull is always entertaining and funny..💥
10:15 if they just said everything from start to end and spoked clear from the start, I think they would easy get a higher chance for an offer
I respect the fact that Kevin stopped himself from being unnecessarily rude.
When Barbara is the last shark you know you screwed lol
I have never in my life heard a pitch, more so than this one, that just screamed "Barbara is out"
6:00 Kevin: "are they going to be 5x the price of a regular tire?"
Brian: "no they won't be 5x"... lol. It's like 2500x
lol
In the end he said "we are gonna raise lot of money", exactly the problem here, he is just trying to raise money after money instead of making a viable product and going to market.
Money is needed to build hardware. We are now well funded beyond what was asked on Shark Tank, and in the late stages of product development.
Old Kevin would’ve ripped them a new one 😂
Kevin hart just looks so out of his element it’s almost hilarious lol
Barbara: “I don’t use tires so I’m out”
I don't get it. The rubber will wear at the same rate despite the internal armature. Who would spend 4x on a tire that will never go flat, but lasts the same as a conventional tire?
I was just thinking the same thing. The rubber might even wear faster. It would work if you never had to buy a set of tires again, but the price is too high to avoid something that doesn't even happen very often.
Yeah, I think maybe it could make some sense if you could use these for the entire life of a car and maybe even for all your future cars, they'd have to reform the industry to just refresh your tread... I don't think it's realistic at all.
Let’s be honest, he’ll need a lot more of those classes 😂
who suggested anger management classes to Kevin is dead to me
😂
My question is: Do the tires go bald and have to be replaced like regular tires? Is the core re-useable ? Also, if you have to have rubber on the outside you're still creating toxins in the environment. I'm not sure about this product.
Pretty sure they still need rubber on the outside, and the prototype of such tyre is not even done yet. They had the audacity to value their company at 20 million dollars at such early stage, that's just crazy.
@@dark3031 some of them remind me of Theranos :)))
It's crazy there was no mention to how it behaves, I just can't imagine this would work anything like a traditional tire in real world conditions. Would be really curious about the weight because $3000 for a wheelset is by no means crazy in the competitive cycling market.
I was hopeful Barbra was going to say “I’m in”😂
It's nice to see Kevin O'Leary working on himself with the anger management. Good for him.
This is not about the "waiting list". It's about how they're going to run the service to meet the 600.
I just love when people try to fix a problem that doesn’t exist. And then for cars and being competing against high end performance tires there’s literally no shot. For performance tires everything comes down to the rubber compound, the side wall, and the nitrogen (yes nitrogen) in the tire for air pressure… and mostly being able to adjust that air pressure for track or driving conditions.
Exactly. For a bike the tyre has a small contact patch and for most bikes its all the suspension you have. Car’s are another level of performance, noise, comfort, durability.
The big players have spent Billions on R&D on run flats and haven’t nailed it yet.
Not to mention all the different types of sizes of tires the company has to make for the public...there are tons of different heights, widths of tires and they need to cover with rubber anyways!! The whole concept is it won't go flat..I literally had 1 flat tire my whole life and filled it up with air for 1.00. Most consumers arent going to have tons of flat tires frequently. I don't see the relevance of this product from a purpose, utilitarian and cost perspective.
@andreroestenberg6313 One flat only! You're very fortunate. Someone in my family is getting a flat like once a year, or at least a slow leak. I would love something like this but they need to figure out the rubber part.
Even with a reasonable valuation they have an idea, not a business. Was impressed by Kevin Harts line of questions though, the guy clearly is very smart
But here’s another issue they didn’t explain, if their tires are going to NEED rubber wrapped around it to work no matter what, then what happens when the tread runs out and goes bald? You might not have to worry about another flat again, but unless you’re using invincible rubber, the tread WILL go bald, so you’ll still have to replace that tire in some fashion. Then there’s the question of how to replace just the tread on a space material tire base, how much that will cost to replace, how many tire manufacturers have it available, how many tire manufacturers even know how to perform such a procedure, do we not have to worry about the question I have at all because in all actuality it will come sold pre wrapped in rubber so all you have to do is just ask for a smart tire and they put it on your car and rims like normal etc… The sharks were right, there are so many unanswered questions and it makes me angry just thinking about it.
Seriously. NASA needs these because there's noone in Mars to fill a flat. Here on Earth, I can use a hand pump no problem.
@@jason_v12345 lol NASA was laughing when they gave these guys licensing
Love the product. Love the vision. No real plan to execute. Price point is way to high. No one is goin to pay 2k for a bicycle tire unless maybe they are in the Tour de France and that’s a maybe. 1,500 to 2k for a full set of truck tires, maybe but it sounded like they would be closer to 4-10k
If they sold it to mountain bikers and guaranteed a few grams less per wheel they would sell pretty well haha, mountain bikers will buy anything if it'll save some weight.
--mountain biker
@@GeddyRC
Mountain Biker here ride roads & trails, you're 100% wrong. Price is always a factor to anyone. No one will pay $2,500+ for that. Unless you're pro.
Wheelsets routinely go for that and more. Unfortunately the Sharks were so eager to talk over us and criticize the price, they completely failed to understand the difference between a carbon fiber wheelset (commonly $2k-$3k without any tire at all), and a tire (which we'll be selling for $100-$150).
@@thesmarttirecompany y’all didn’t explain yourself thoroughly, y’all were going around in circles with your answers. 🫤 So unfortunately, it was y’alls fault.
@@carladakotafranco2056 you'd be shocked how much doesn't make it into the TV episode, but it's all good! Can't win them all and we appreciated the opportunity with the sharks.
From survivor to shark tank entrepreneur
They seemed too focused on just raising money. Their only achievement seemed the equity crowd funding. Just like the sharks pointed out they have not executed anything at all.
Barbra: he wasn't actually a astronaut so for those reasons I'm out.
9:07 Kevin holds back a death threat
I knew they were screwed when Barbara was the last person to be out.
Some viewers think Kevin was too soft on them, but listen again it was brutal.
Kevin always has that face that you already know someone's getting an, "I'm out!" 😂
The technology is amazing, commercialize it, bring the cost down and prove the sharks wrong!!
7:53 Her expression man LoL 😂😂😂😂
The space suit started to look dumb as the video progressed
One thing that they didn't ask was what happens when the rubber wears out? You buy a whole new set, or do you just replace the rubber? If the rubber is just replaced, then that premium is only paid at the being and just just pay what it costs to replace the rubber. If that's the case, I think that business can work. You have a tire that will never go flat, and you just worry about the wear and tear.
Great tech but outer layer still rubber means it is still going to wear out and be replaced at higher cost.
Kevin's anger management comment was hilarious but now I really wanna know what he was about to say..😂
Nobody noticed that the weight of the wheel will be increased and every additional pound per wheel is a big deal on performance of the car: braking, handling and even acceleration (rotational power, that’s why light weight wheels is a big deal)
Actually, they are lighter overall. Titanium scales really well compared to thick rubber sidewalls, cords & steel reinforcements.
@@thesmarttirecompanyLOL SEETH AND COPE
Kevin Heart actually really conducted himself well and made a very good point!
Earl survived fiji, but couldnt survive the sharks
Mark always so dramatic looks like he’s always enraged 😂
Once it got to Barbara.. they knew they were going home without a deal.
They do not have a viable product. They say they are going to add rubber to the outside of the tire, rubber wares down from regular driving. The product would need to be replaced every 3-5 years and would not do anything to reduce the amount of rubber waste. This would not even be cost effective for the consumer.
If you make it to Shark Tank you're either already succeeding or they just want to make fun of you.
If this was an accessory that could be added under your car tire for maybe ~$100/tire it would be a huge success
Lookin good Earl! Barely aged a day since your Survivor win lol
the risk of dressing up in the astronaut suit is you have to feel like a dope walking out in a costume without a deal.
In my opinion, I like normal tires better. Like if your bike wheel goes flat, super easy to pump up
Outstanding knowledge....
Love from India shark tank ....❤❤❤❤
Their pitch is adorable, but their evaluation is crazy.
*I say this laying in bed with a grand to my name 😩
Just because it doesn't go flat doesn't mean the rubber is not going to wear out. It might be puncture proof, but most tires have to be changed simply because they wear out. This will be a very expensive replacement.
Kevin Heart shakes his head because he's clueless, as do I. 😂 Just smile and nod, smile and nod.
Kevin Hart is richer than everyone there except cuban
"I want to wrap this." Please don't take anger management classes, I wanted to get a good laugh.
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
it's gambling lol
@@catherinerea3569if your bank gives you less than the inflation as interest you should change banks
@@catherinerea3569exactly it's like I told my mother if you buy a CD at 3% interest rate and inflation is 4% you actually lose 1% on your earning power. Never keep money in the bank
Dw These are all bots
They were too in love with the NASA connection.
The issue is that these tires still need to be replaced just as often as any other tire. Unless they have some patent on a special tread ware technology, these only help prevent against flats, and nothing else.
get a run flat tire lol
Re-treading tires has been around already as a way to recycle old tires
Kevin is so funny, "how much does it cost to make that thing?" lol
those customers are gonna be waiting on that waitlist for a very long time if they only have a 5,000 square foot lab and no production facility yet. The smart play is to license it as a premium tire to an existing manufacturer.
Why would a manufacturer pay for an inferior technology?
It’s not inferior and if you can sell it they will buy it it’s not about why would they
@@wahoooo8523 You are delusional
I don't like how the sharks always argue they can buy a cheaper inferior product as if they're pinching pennies. As an average comsumer living in a depression, even with the current economy, I'd much rather buy these tires than ones that I'll have to rebuy over and over again. You have to think smart with your money, and it's more affordable to buy a more expensive product that actually lasts than rebuying the same crap
Literally re-inventing the wheel. I wish them much luck
Were they waiting for an invitation to mention the “waiting list of 6000 customers”? 😂
They most expensive performance tire that everyone uses is Toyo r888r and it cost about 450$ a tire. 800 a tire is insane.
Fellow car enthusiast right here!
This is not our first market (but we answered the question). That said, truck tires can easily cost in the thousands, especially on long haul trailers.
And this is why it’s essential to hire a professional sales/marketing guy to your business
supposedly they have 100's of customers ready to go when they get production up
It’s a great idea, but they are really starting out. I wouldn’t be surprised if they actually grow thsi in a couple of years and we see them having the first or one of the first companies producing airless tires.
They have so much growth. They are worth millions now
First they say something bad about rubber then introduce new material that apparently need rubber to function so in the end it substitute air in the wheel not the rubber
The Tire may never go flat but after so many miles you have to replace the rubber and how much is that ?
rubber still wears out, so what you are paying a premium for is to not get a flat and not because it is more economical than simply replacing it when it does go flat. that makes sense for nasa. it might also make sense for baja and rally car racing, because they get lots of flats. i cant think of any other situation where these are a good idea.
that's DEFINITELY the dude from Survivor, right? I'm surprised that didn't come up at all 🤷♂️
"We may not know what's going on or have a good product, but we're expensive!"
Earl Cole from Survivor.
That’s what I said when I first watched this
knew straight away and then it showed their names. Amazed no other comments mention his Survivor background
10:28 "we know we're still gonna raise a lot of money". from equity??? and do what with it??? 6,000 people ready to order with no production. LFG
Holy mackerel. I’m watching this in the middle of 2024 for the first time and according to their website, this company still has not launched a product for sale yet.
No wonder they got no sharks with the pricey tires car or bicycle.
"So how much does one wheel cost?"
*proceeds to explain in math problem language*
" i wish they understood our business"