I just really like it when good deals pan out where both parties win fairly; Makes for a stronger business venture in my opinion. 🤷♂ Like men being buddies immediately then going on a road trip. 💪 This was closed really fast.
Thats not true , mosat deals made in Dragon's den Canada were all with royalties and all investors were offering royalties. Kevin just keeps it like in Canada where the returns are not always as big with shares in the business.
He’s an alcoholic who killed innocent people while boating under the influence, so I’m not surprised. He should be in prison but he framed his wife to protect his career.
@@yavuz9038 it was a big news story in Canada a year or two ago. His non-intoxicated wife took the blame for the crash but most people believe that he was driving intoxicated.
@@jbcayou’re full of it. His wife was driving when she hit a vessel that had its lights off. She was acquitted in court by a judge and jury that determined she didn’t see the other vessel because it was dark. Don’t spread BS. Also the incident happened 5 years ago, so you don’t even knew the timeline.
As someone who has worked in the service industry for 15+ years this is freaking genius!! If you just made them bigger and more stackable this would take off EVERYWHERE!
Why is no one asking why has there been no rectangular kegs until now? Round kegs are much more efficient at storing pressure meaning you dont need as much wall thickness. Making it rectangular increases manufacturing costs and overall weight. The pressure problem comes from the corners in the rectangle creating stress concentration.
As a bartender I can't begin to express the efficiency that could create. Especially for banquets and weddings. I could so show how it could be done. Wow !!!!
@MrDragonorp even at the bar, you don't have to fiddle with the wine bottle etc. Efficient and speed is about bartending. A nice label could be put on the device as well of the wine or product that is in it.
What I don't get is that homebrew shops and Amazon have been selling small CO2 kegs/growlers like this for years for $100. The only thing different about this one is that it's square. I can't see how this is different.
@@adisprojectWow. Imagine being that full of yourself that you think a meaningless piece of paper makes you an ‘expert’ at anything. You studied and passed exams, it’s not as impressive as you seem to think it is, and I *promise* you, absolutely nobody is jealous. You should have studied psychology and not audio, your personality seems to need it.
I was thinking the same thing, there are far more gimmicky alcohol gadgets then this that cost far more money, but this one actually has a solid purpose that enhances the drinking process and keeps your booze alive longer.
lower price = more people will buy. u want this in as many fridges as possible so when people go visit each other, they see it and most likely be able to afford it also.
@@pinkfreud62 Yeah, and also the fact that even after she pretty much tells him that she thought the wine product was still a work in progress and that she would be interested in it, he doesn't correct her.
@@Navman_ To be fair, she did tell him to return when the wine feature was ready. She didn't say...close to being ready. With that in mind, when someone essentially tells you they'll only invest when they see the finished product, it makes sense to think telling them how long it will take, would be irrelevant. Case and point, Lori did not invest even after she was told that detail. If she truly wanted to invest before she saw the finished product, she would at the very least, asked when the wine feature would have been completed. Kevin asked. Why didn't she?
Name a business start up, that doesn’t. They have to invest in design, materials, people and premises upfront. Takes a while for sales to start and for the money to be made back.
not really, cut his companies valuation by 1.5m. the dude should have 300k for 15% and stuck his hand out. kevin would have taken it instead of asking him to come down on the equity.
I NEED the square keg, and the cocktail factor is awesome, you can pre-make drinks and people can just get their own instead of putting the lady on the blender. I also live in washington state, i wonder if i can get it will call instead of paying shipping.
Kevin was the best choice, its his space. Im sure this entrepreneur was aiming for him cus Lori was interested in the Wine but he didnt say its comming out until Mr. Wonderful directly asked.
what you guys should be doing on this channel is to add the links to the products shown so that people can just click on it and takes them straight to the site to purchase or to look at the product
So it's a square premix drink dispenser. Have the yanks not seen a 5 Lt growler that you can carbonate with..there round so you can rock them when force carbonating. Will fit in a fridge. And take it anywhere with a cartridge..😅
I know right. In Australia we get 5, 10 and 15 liter kegs, they are round, the 5l easily fits in a regular fridge. On the boat, people just drill two holes for the tubing in a small bar fridge. Two 15l kegs are enough for 5 people on a 3-5 hours fishing trip. The 5th doesn’t drink much as someone has to be sober enough to navigate back to the shore.
Literally during the pitch he points out most round kegs are awkward shapes and dont fit into fridges well and take up a Lot of space unnecessarily The whole point is that the shape is much better than if it was round
Mark Cuban is pretty impetuous when it comes to disassembling SquareKeg; still, I like that he got into the deal with Kevin O’Leary afterwards. He’s the guy that wants to join in after deals are made, so he wouldn’t feel left out. Love SquareKeg, and I especially love this deal.
@@KameHameHawk liquid cannot be compressed without extreme force, far beyond what a keg can create. And anything that's being compressed is being reduced in volume by definition.
You're right. I guess what he meant was if you put a cylindrical keg in the fridge, it creates some dead space that you cannot really use. Better make the container brick-shaped. Even if it has more volume, considering how it doesn't create any dead space (you can put other brick-shaped things on the same shelf, using it at full capacity), it virtually occupies less space.
Don't need to sub - the way youtube works is if I watch one vid they recommend more from the same channel and it never stops - youtube is working against channel subs
"would you meet me halfway at 15%?" "no because blah blah blah that has nothing to do with your proposed valuation, and i'm too greedy to even counteroffer at something like 18%"
Do you understand how things work? Its actually a lot of work for Kevin to make that successful and 20% is a pretty reasonable offer...Of course the owner would like to settle for a deal to part with the least equity possible...
@@itzsj3262 a better counter-offer would have been $500,000 for 20%. That gives Mr. Wonderful the 20% he needs to stay interested and doesn’t decrease the company’s valuation too much.
@@legendtoni1094 is this ya'll's first time watching the show? you see, the 'contestants' make a pitch, then the sharks make an offer. and the rest of the show is both sides haggling for some middle ground, or compromise. and Kevin would rather not compromise at all, unless the rest of the sharks. he doesn't even give a good reason. that's why it just looks greedy. so talking about fairytales and growing up actually makes you the one that looks like a child that doesn't understand how business is done.
As someone who studied business, going to Shark Tank to pitch your idea should be viewed as an absolute last ditch attempt to raise funds for your idea. SquareKeg undervalued their idea and Kevin grabbed 20% of it for pennies to the dollar. If you think you got yourself a million dollar idea, you do everything humanily possible to retain the full 100% ownership - for all time. If not, itll come back to bite you.
Right.. but.. square is WAY better. That's the point. Square is much more space efficient and much better in this application, as it will be more stable & portable.
Looked like Cuban did it wrong on purpose because he knew it would be fun and make good TV and it was a realistic and practical demonstration of the pressure hazard. I think it just went off bigger than he expected.
leaches.. Such a great product and all too stuck up to make a deal or cut a good one. I SWEAR LORY SAID TO HERSELF YEAH, LETS GO IN WITH KEVIN. JUST TOOO STUCK UP. Rich people
Based on reviews it looks like they have some QC issues and general trouble scaling the business. But, again, $260 for a one time purchase is not bad at all. The idea of filling this to bring to a BBQ instead of a 12 pack is VERY cool.
I dont get it. Its not much smaller than a 12 pack. Three people could kill that in a few hours then you gotta set it all up again? The whole reason I get the occasional keg is because I want volume
So what? I spent 13 years in the industrial gas industry. One gas can do many many things. Liquid CO2 will carbonate your drinks but is also used to snap freeze sea food on mega trawlers. Nitrogen is used to displace oxygen or make fertilizer when combined with Hydrogen. There are pentanes that are both solvents and foam agents to make polystyrene. You sound like an id!ot.
How to say charming in Filipino How to say charming in Filipino ; congenial, delightsome, enjoyable, ecstatic, pleasant ; kaakit-akit adjective ; comely, delectable, alluring
When Kevin doesn’t include royalty he really believes in the product and wants to close the deal
For sure. Those ones are his leech deals where he makes an initial investment but doesn’t see a lot of growth. Just sucks the profit out.
I just really like it when good deals pan out where both parties win fairly; Makes for a stronger business venture in my opinion. 🤷♂
Like men being buddies immediately then going on a road trip. 💪 This was closed really fast.
Thats not true , mosat deals made in Dragon's den Canada were all with royalties and all investors were offering royalties. Kevin just keeps it like in Canada where the returns are not always as big with shares in the business.
Actually this is the first time i haven't heard Kevin talk about any royalty deal 🤔
It’s cool that you can feel Kevin was legit impressed with the product
He just wants to drink wine 🍷 everyday
He’s an alcoholic who killed innocent people while boating under the influence, so I’m not surprised. He should be in prison but he framed his wife to protect his career.
@@jbcawtf are you talking about
@@yavuz9038 it was a big news story in Canada a year or two ago. His non-intoxicated wife took the blame for the crash but most people believe that he was driving intoxicated.
@@jbcayou’re full of it. His wife was driving when she hit a vessel that had its lights off. She was acquitted in court by a judge and jury that determined she didn’t see the other vessel because it was dark. Don’t spread BS. Also the incident happened 5 years ago, so you don’t even knew the timeline.
As someone who has worked in the service industry for 15+ years this is freaking genius!! If you just made them bigger and more stackable this would take off EVERYWHERE!
true, stackable is key. I can imagine them in a bar wall, with lots of cocktails and few barman serving tons of drinks. Seems a hit
just for wines, at this size is perfect to sell by the cup wine and make a huge profit in restaurants and bars.
Why is no one asking why has there been no rectangular kegs until now? Round kegs are much more efficient at storing pressure meaning you dont need as much wall thickness. Making it rectangular increases manufacturing costs and overall weight.
The pressure problem comes from the corners in the rectangle creating stress concentration.
This is a tailgater’s dream. This thing, officially licensed by the big sports league decked out in your favorite team’s colors?
Slam dunk!
Didn’t even think about that, this thing will blow up 🙏🏽
"Why didn't you say that to me?"
Because you didn't ask.
Also he already said “soon” not sure why she would jump to that being some big thing they needed to figure out
As a bartender I can't begin to express the efficiency that could create. Especially for banquets and weddings. I could so show how it could be done. Wow !!!!
I agree 100 percent they need to work for commercial outlets....days of a round keg are gone now
yeah would be dope to have it be like per table, or connected throughout the complex for self serve instead of only in the bar.
@MrDragonorp even at the bar, you don't have to fiddle with the wine bottle etc. Efficient and speed is about bartending. A nice label could be put on the device as well of the wine or product that is in it.
What I don't get is that homebrew shops and Amazon have been selling small CO2 kegs/growlers like this for years for $100. The only thing different about this one is that it's square. I can't see how this is different.
@@jonathanwilliams1974 and that's why you're not getting a verbal offer for 300k :)
The volume tech uploaded guy who works for this youtube channel can never get the volume right. Its either too low or too high.
@@adisprojectWow. Imagine being that full of yourself that you think a meaningless piece of paper makes you an ‘expert’ at anything. You studied and passed exams, it’s not as impressive as you seem to think it is, and I *promise* you, absolutely nobody is jealous. You should have studied psychology and not audio, your personality seems to need it.
I am with you on this mate
damn how did we get here from shark tank hahahaha
Volume can never Be to high. You turn it down yourself lol
@@adisprojectyou don’t work for them 😂
They need to raise the price. Another $50 to $100 isn’t a dealbreaker for a person with this lifestyle.
I was thinking the same thing, there are far more gimmicky alcohol gadgets then this that cost far more money, but this one actually has a solid purpose that enhances the drinking process and keeps your booze alive longer.
lower price = more people will buy. u want this in as many fridges as possible so when people go visit each other, they see it and most likely be able to afford it also.
Barbara called and said she's out.😅
😂😂😂 😂😂
Old jokes. Lame
@@shemmy95is that you replying from home Barbara?
@@shemmy95 seriously, that joke is played out. and for those reasons, im out
Jenny called as well and said “she’s out”
I think this is my favorite Shark Tank. Also. He and Kevin got a good website put up.
Relaxed, confident, smart. Great entrepreneur!
Yessss
Thought Lori would have snuck back in when he said the wine product was coming soon
Guess she got the idea since he didn't tell her when she wondered the 1st time he wasn't really interested in her.
I would like to see one of these guys tell any shark who tries to come back in that it's more expensive for them since they went out first
@@nickz5849 😆🤣
@@pinkfreud62 Yeah, and also the fact that even after she pretty much tells him that she thought the wine product was still a work in progress and that she would be interested in it, he doesn't correct her.
@@Navman_ To be fair, she did tell him to return when the wine feature was ready. She didn't say...close to being ready.
With that in mind, when someone essentially tells you they'll only invest when they see the finished product, it makes sense to think telling them how long it will take, would be irrelevant. Case and point, Lori did not invest even after she was told that detail.
If she truly wanted to invest before she saw the finished product, she would at the very least, asked when the wine feature would have been completed. Kevin asked. Why didn't she?
Bro does stunts for Chris Pine
Thought the same thing
Chris Pine does stunts for him!
Lol I legit thought it was Chris pine at first glance
“ we lost a quarter million” mark “ that’s OK” 😂
Clearly you didn’t go to school for business
With a product like this it's pretty much expected to start with losses
from an accounting perspective that makes total sense.
Losing only 250k in the first year of a new business with millions in projected revenue is a raging success.
Name a business start up, that doesn’t. They have to invest in design, materials, people and premises upfront. Takes a while for sales to start and for the money to be made back.
I like their reaction when he tells them that there is alcohol in front of them 🍷 😂
Like the trust from the crew to make sure that what they are tasting is safe.
And the company now does over $1 Billion Dollars in revenue. Congrats
That was interesting follow up for sure! Even Kevin looks happy endorsing it!
That false they do 3 million in revenue
This guy is a genius to think of trying to get the Sharks drunk before dealing with them.
For once, Kevin started off with a fair offer 😅 a neat product and a good entrepreneur!
not really, cut his companies valuation by 1.5m. the dude should have 300k for 15% and stuck his hand out. kevin would have taken it instead of asking him to come down on the equity.
you know Kevin believes in it, when he doesn't make a royalty deal
Fact
That's a good catch
Barbara: im not in this episode so for that reason im out.
Daymond doesn't comprehend how a keg works
Which doesn't make sense cause he's black.
daymond continues to be salty someone fairly values their company LMFAO
The poorest of the Sharks, and definitely acts like it.
He’s actually the 3rd richest😂
😂@@astonhinkson7039
@bryce711real moves are made in silence my friend
Still has more money than you
Say whatever, Mr Wonderful is the reality man. ❤❤❤
kevin would have taken 10% because wine/argon thing, but he noticed weakness and sharked a bigger bite. the wine thing is a definite winer!
Mark actually became an investor after this aired.
nope
Stop lieing
@@doppelgangsterlying... it's spelling you should have learned in second grade
@@davidtaylor111 huh r u a kidz
@@roxanne1987rhe did become an investor
Cool product it looks like it has the potential to do really well with Kevin!
Siphon bottles have been around for, virtually, ever....
Bars need a bigger version of this item and so do distribution networks cause in the end a bar fridge under counter could hold more product
That’s a really cool invention! I hope he made a lot of money with it!
I NEED the square keg, and the cocktail factor is awesome, you can pre-make drinks and people can just get their own instead of putting the lady on the blender. I also live in washington state, i wonder if i can get it will call instead of paying shipping.
Great pitch and great entrepreneur! Go Team Wonderful!
Barbara: I read a fortune cookie today and it said to go all in, and for that reason, I’m out.
looks like dude from greys anatomy
Dr. McSteamy
nope
He does look like George, you're right
I don’t see it.
Chris Pine’s jacked twin brother 😂
Kevin was the best choice, its his space. Im sure this entrepreneur was aiming for him cus Lori was interested in the Wine but he didnt say its comming out until Mr. Wonderful directly asked.
what you guys should be doing on this channel is to add the links to the products shown so that people can just click on it and takes them straight to the site to purchase or to look at the product
Thats actually a great idea
you know Kevin likes a product you can bring on your boat and drink.
7:12 you didnt ask, did you? Kevin did. Jesus people are do entitled its ridiculous.
My thoughts exactly.
Guy is extremely fit! Nice.
Gayuh
@@DopeTalkTV it's not gay to admire another man's body
He should be hawking the brand of tee he's wearing lol.
@@theviking102567 Ya
The only problem I see is that you can't do a keg stand on it
Lovely to see Peter there! Wow, the famous Dragon from the Den!!! 👏
Man, im glad i found out about this! I can easily rack from my home brew kegs into one of these, and bring the brew out camping!
"I'm in the wine industry"
"I'm a wine drinker"
Big difference there
So it's a square premix drink dispenser. Have the yanks not seen a 5 Lt growler that you can carbonate with..there round so you can rock them when force carbonating. Will fit in a fridge. And take it anywhere with a cartridge..😅
I know right. In Australia we get 5, 10 and 15 liter kegs, they are round, the 5l easily fits in a regular fridge. On the boat, people just drill two holes for the tubing in a small bar fridge. Two 15l kegs are enough for 5 people on a 3-5 hours fishing trip. The 5th doesn’t drink much as someone has to be sober enough to navigate back to the shore.
Literally during the pitch he points out most round kegs are awkward shapes and dont fit into fridges well and take up a Lot of space unnecessarily
The whole point is that the shape is much better than if it was round
Nice, but there are reasons why pressure vessels are not square
Mark Cuban is pretty impetuous when it comes to disassembling SquareKeg; still, I like that he got into the deal with Kevin O’Leary afterwards. He’s the guy that wants to join in after deals are made, so he wouldn’t feel left out. Love SquareKeg, and I especially love this deal.
God, he made it so easy, it was just like effortless, went so smoothly
Pitching alcohol on a boat with Kevin is really knowing your audience
Big congratulations to Kevin for his first deal ever on the show
matt damon got a new side job
underrated comment
This guy looks more like Chris Pine to me
@@147427now yours is the underrated product
@@147427 was bout to say that
Chris Pine jocko willink hybrid
Wait what, more volume in less space? Volume is space.
Liquid and gas can be compressed, so what would be its regular volume can be squeezed into less space.
@@KameHameHawk liquid cannot be compressed without extreme force, far beyond what a keg can create. And anything that's being compressed is being reduced in volume by definition.
I managed to get your mum on my bed, a lot of volume in such a tiny space. It can be done.
You're right. I guess what he meant was if you put a cylindrical keg in the fridge, it creates some dead space that you cannot really use. Better make the container brick-shaped. Even if it has more volume, considering how it doesn't create any dead space (you can put other brick-shaped things on the same shelf, using it at full capacity), it virtually occupies less space.
@@andraspongracz5996 agreed.
Nothing but success !!! SQUAREKEG!
If you want to see more iconic scenes from Shark Tank US, SUBSCRIBE to our channel! 🦈
hell nah
POST NEW ONES
Is Shark tank still going? Where's the recent March 18th, 2024 episodes?
Don't need to sub - the way youtube works is if I watch one vid they recommend more from the same channel and it never stops - youtube is working against channel subs
So you're a leech
How easy is it to clean inside?
Kevin asking if everyone's out , he's coming up with a master plan as he speaks
Smart man
My mother would love this, wish I found it sooner for her birthday
"would you meet me halfway at 15%?"
"no because blah blah blah that has nothing to do with your proposed valuation, and i'm too greedy to even counteroffer at something like 18%"
Do you understand how things work? Its actually a lot of work for Kevin to make that successful and 20% is a pretty reasonable offer...Of course the owner would like to settle for a deal to part with the least equity possible...
@@itzsj3262 actually, i don't know how things work. how do things work? is it magnets?
@@itzsj3262 a better counter-offer would have been $500,000 for 20%. That gives Mr. Wonderful the 20% he needs to stay interested and doesn’t decrease the company’s valuation too much.
Not everything is a fairytail. People are there to make money. Grow up welcome to the real world.
@@legendtoni1094 is this ya'll's first time watching the show? you see, the 'contestants' make a pitch, then the sharks make an offer. and the rest of the show is both sides haggling for some middle ground, or compromise. and Kevin would rather not compromise at all, unless the rest of the sharks. he doesn't even give a good reason. that's why it just looks greedy.
so talking about fairytales and growing up actually makes you the one that looks like a child that doesn't understand how business is done.
As someone who studied business, going to Shark Tank to pitch your idea should be viewed as an absolute last ditch attempt to raise funds for your idea. SquareKeg undervalued their idea and Kevin grabbed 20% of it for pennies to the dollar. If you think you got yourself a million dollar idea, you do everything humanily possible to retain the full 100% ownership - for all time. If not, itll come back to bite you.
This is not a new idea small kegs have been around since the 70s, this one is just square
Right.. but.. square is WAY better. That's the point. Square is much more space efficient and much better in this application, as it will be more stable & portable.
Looked like Cuban did it wrong on purpose because he knew it would be fun and make good TV and it was a realistic and practical demonstration of the pressure hazard. I think it just went off bigger than he expected.
This entrepreneur is JACKED! He looks like he lifts serious weight in the gym! 💪🏻💪🏻
Kevin Oleary deal maker extradionaire . New Catch line: This is not a negotiation.
There are portable kegs already on the market. What's different here?
Wait, here I am watching Shark Tank after binging Dragon's Den and here I see PETER JONES? The Shark Deniverse is getting wild.
I didn't realize Chris Pine was an entrepreneur now.
Hahaha.. I'm not a tap guy.. Hennessy guy
Anyone know how this ended up resulting in sales wise after the deal?
The idea of a mini keg for your boat or golf cart is genius, but $259 seems a bit steep!
leaches.. Such a great product and all too stuck up to make a deal or cut a good one. I SWEAR LORY SAID TO HERSELF YEAH, LETS GO IN WITH KEVIN. JUST TOOO STUCK UP. Rich people
Any updates?
He gave up a chunk but it’ll pay off for both of them…smart he took the deal.
This sells for $260 and is US made? That's honestly SUPER cool and SUPER marketable. People pay more for dumber Chinese made kitchen/home gadgets.
Based on reviews it looks like they have some QC issues and general trouble scaling the business. But, again, $260 for a one time purchase is not bad at all. The idea of filling this to bring to a BBQ instead of a 12 pack is VERY cool.
I dont get it. Its not much smaller than a 12 pack. Three people could kill that in a few hours then you gotta set it all up again? The whole reason I get the occasional keg is because I want volume
ENOUGH REPEATS???
Nah
Nah
nope
No way in hell a 12 pack goes in there.
mark all faded trying to disassemble it
Why does this guy look like Chris Pine’s doppelgänger
Alcoholics Anonymous, so we don’t need…⚠️⚠️⚠️
And pretty privilege jkjk he seems awesome 👏!!!
🙏
That's a fair deal, Mr.Kevin is Mr.wonderful
Me here I use argon gas for stainless welding 🤣🤣
So what? I spent 13 years in the industrial gas industry. One gas can do many many things. Liquid CO2 will carbonate your drinks but is also used to snap freeze sea food on mega trawlers.
Nitrogen is used to displace oxygen or make fertilizer when combined with Hydrogen.
There are pentanes that are both solvents and foam agents to make polystyrene.
You sound like an id!ot.
He shouldve asked laurie to go in on the deal, I think she wouldve after she was so interested in the wine version coming out so soon
Bro is so ripped 😂
Your such a fruit
How to say charming in Filipino
How to say charming in Filipino ; congenial, delightsome, enjoyable, ecstatic, pleasant ; kaakit-akit adjective ; comely, delectable, alluring
Here's the deal, man- why would i buy something to pour a 12 pack into that isn't my mouth?
Does Tim Loucks work out ? I can't tell.
does it work on soda?
When I was looking for mini kegs there were much better options than this for 1/3 of the price.
Im sure the problem would be cleaning it in between drinks.
What a zaddy !
Honestly first product I’m probably gonna buy from shark tank
Just bought the 80 dollar version on amazon :)
Looks like Chris Pine to me as soon as I saw the thumbnail
Imagine you have a good product and nearly all sharks go out
Did Kevin do anything for this product? This video is the first time I have seen anything about this product and that original episode aired in 2022
He's a better looking Chris Pines
Make it 299 and slightly larger then mae a 599 option 3x size
Why do they spoil who gets the deal