And Mark Cuban said this was his worst investment ever. The guy literally took the shark's money and partied around the world. Perfect example of Over promise, Under deliver.
A couple videos later, and Mark Cuban was on a talk show talking about how this guy took all the money and traveled the world. He said he was networking 🤣
Barbara would’ve been like “i like the product but i dont like the entrepreneur. Theres no passion in the business. Im out.” And she wouldve been right.
I mean, the verbal confirmation on the show equates to nothing. They could have easily backed out later on when the verification process was happening. They did not.
If only Barbara was here, most of her investments were based on judgement of character which she’s pretty good at. “Invest in the person” is her motto and this guy would’ve given her so many red flags.
@@kabum8046 Because Barbs always asked the entrepreneur/salesman to explain how they’re emotionally connected to the business, or say “I like this idea but I’m not sure about you, you sound so disinterested” hence the many “I’m out”s and the red flags. Plus the company failed and the guy ended up burning through all of the sharks investment going out to party and not updating with them. Cuban went on to say this was his worst investment. I think Barbara would’ve been right if she was here.
10:52 I love how everyone is holding a glass of champagne for the toast and Mark is using the whole bottle symbolising he is holding the Lion’s share (probably not intentional idk).
In 2017, an inquiry by the FTC resulted in a settlement with the company. The FTC charged that the company knew the product frequently underreported BAC levels and knowingly made false marketing claims of accuracy. The app was shut down and customers were required to be notified and offered full refunds. According to the complaint, sales of Original and Breeze totaled $5.1 million. Following the FTC controversy, Mark Cuban called Breathometer the "worst execution" in the history of Shark Tank, blaming the founder's mismanagement of funds.
I came to this conclusion that something regarding liability would be a major issue unless it was govt issued within the first minute.. Absolute NOOOOO... Be responsible.. which also begs a question. Why hasnt the govt issued something like this in some states to protect its people??? think about that..... u would save insurance companies and healthcare . let alone save lives.. why wouldn't govt protect its people who like to drink >> This is a really odd comment but . I guarantee its all about money...
@@culbyj3665 I don't know if you're familiar with the track record of the gov't, but it doesn't tend to do things that are for the better interest of the people
The Breathometer received a huge amount of attention from appearing on the show. Not long after it aired, CEO Charles Yim was getting tens of thousands of orders and reports say he made $1 million in 2013. This helped him launch a new product under the same company. It was a bluetooth-compatible breathalyzer called “The Breeze” and was made available in various Best Buy and Brookstone locations. “The Breeze” and original app did $5.1 million in revenue. Unfortunately, in 2017, the FTC found Yim’s app to be unreliable and made various false claims in their marketing. The company was shut down and Breathometer is now one of the biggest failures in Shark Tank history. The FTC also ordered customers to be notified and offered full refunds. Mark Cuban called it his worst investment on Shark Tank and blamed the founder for the company’s terrible execution.
Mark later talked about this being his biggest lose through Shark tank. This guy was constantly travelling pretending to network and one day all the money was gone.
Feel like with the initial angel investment and the Sharks taking 30% he probably didn’t have much equity left for himself. So he decided to just spend all the money and bankrupt the business so he could start over with 100% ownership again
6:28 this is the most impressive selling/negotiation of the entire pitch and it’s Mr Wonderful pitching to mark so that they can all get a discounted equity share.
Lol he saved cuban 500k because he thought even a small percentage is going to be worth a fortune. He also knew Cuban wanted the whole thing and by the end Cuban was probably thinking there's list risk personally if the other come in.
I think you have it backwards. One the guy got the money, he just started "the good life" and did not work out the quirks for accuracy. Later the FTC banged them and the sharks lost their investment.
@@sallystories I believe I did see a vid w/Cuban stating he didn't use the money for the product development. What a waste of his entire reputation. Especially in the valley, those guys never forget. A shame to let a little cash get in the way of really helping to save lives.
He also had angel investors and partners in the business. After the 30% feel like he probably had little equity left for himself. So he decided to just spend all the money and bankrupt the business so he could start over with 100% ownership again
Honestly this could have easily become the next billion dollar company but the later-found inaccuracy of the alcohol level sensors and a mismanagement of money killed it.
I remember watching a Doctor Mike video where he reviews Shark Tank's medical pitches, this being one of them. He was very surprised that they invested in it. Kind of shows how the Sharks don't fully understand health/medical related products with the exception of weight loss products.
What you're seeing here is a real conman pitch This was the pitch that Mark Cuban regretted investing in This guy basically took all the money and partied in places like Bora Bora, with Richard Branson at his privately owned island, and Vegas When Mark saw his photos online and asked him what he was doing, he replied "Networking"
It was their decision to give their money away without looking into the repercussions - they can't file a lawsuit against him because they willingly gave their money away lol
There are potential legal penalties. An operator has to show they made a "good faith" effort to make the business work. It's fraud to just go on vacation with the money.
Breathometer production was halted in 2015 due to an increase in complaints and an FTC investigation. The company has essentially been shut down since 2017.
Interestingly, the red flag here was the fact that the guy already built and sold one tech company in a really short amount of time, and then immediately went for the next one. It shows that the guy's main goal was always just to make a quick buck. Which is of course not always a bad thing and hindsight is 20/20, but seems he was never going to be truly passionate about making the best possible product, which is pretty damn important when you're essentially building a medical device.
to say that I feel sorry for the multimillionaires is pushing it, none of them lost their house over this, and they all that investing is a gamble. That being said, Mark sat there looking like he knew exactly what he was going to do with it, and the other Sharks handed him a rather unusual deal, where he would have more equity than them, but they still wanted a piece of what Mark had planned. If there is anything to say in the Sharks favour here, is that this video is still in the public space, and not locked in a vault somewhere. That does show character on their part.
I love how they uploaded this cause this is the guy Cuban said on the podcast who blew his $1 Million investment with partying and traveling on the Full Send Podcast last week
If I had no idea about how he wasted all the invested money I would have totally believed that he is a very good and intelligent entrepreneur 😂, well that explains how he got all five of the sharks in.
All things aside, I really miss the old production style of Shark Tank. Soundtrack score/music is not overbearing, coupled with less editing/cutting of footage, making for a more subtle production whereby the viewer can make his/her own mind up regarding the tempo/flow of each pitch, rather than the later episodes, where they more or less through the editing and music spoon-feed to you the entire narrative/how you should be perceiving the pitch.
Mark was on a podcast recently and said this business flopped because he was out partying and travelling the world and when Mark confronted him, he said he was "networking" .
The average serving of alcohol would raise your BAC (Blood-Alcohol Content) .01-.02. Lori blew a .04, and she barely touched her glass of Champagne. So either this machine is very inaccurate, or Lori (and presumably the other sharks) were drinking before this guy came to do his pitch.
Thats same with every breath analyzer, even with the ones police use, thats because right after you drink there is still some alcohol left in your mouth, that will cause the false reading, even mythbusters tested it out. Thats why you should always demand blood test after police test you.
There’s actually one thing they don’t mention here - breathalyzers are incredibly inaccurate within 20 min of drinking or eating anything. You have to wait a while or it’ll be distorted, and here she used it while still drinking the champagne
@@SkyLinXin you valued your company at $2.5 million but I offered you $3.5 million ($1 million more) for 100% of the company.. would most people say no?
It's amount current vs future valuation if the current valuation is 2.5m but I believe that it will be worth 100m in the future, I will definitely not trade 100% of my company for 3.5m
The product looks so ideal and revolutionary but this was what Mark was reffering to about the fraudulent business. In his words, "Next thing you know, all the money is gone".
Mark just wants the sensor technology and they information they developed and discovered with breathe analysis, that’s why he doesn’t want the sharks in who are probably more focused on building the business and making sales. The actual success of this particular business is secondary to him
Not sure if I'm missing something here- So he comes in seeking $250k for 10%, a valuation of $2.5 million. He gets an offer from the sharks, $1 million for $30%, which is a valuation of $3.3 million, a better valuation than what he came in with. Assuming he got approval for a $2.5 million valuation from the CFO, which would make sense considering he's selling a percentage of the company at that valuation, why is the CFO saying the higher valuation is too low? If he is worried about giving away too much equity, isn't it better if the valuation is higher?
Same question from me But i guess they’re gonna offer lower valuation for silicon valley and just willin to gve up 10% for the show initially ? Just my guess tho
10% for 250k is a pre-investment valuation of 2.25M. 30% for 1M is a pre-investment valuation of 2.3M so it’s around the same actually. I think he got a great deal.
20% is a lot more expensive to buy into in subsequent rounds. ex. If his company is successful and raises a Series A, B, and is raising his Series C, that 20% may now be worth $10, 15, 30+MM.
@@DanielsPengetips that's not how valuations work tho? The first one is 90% left of the company valued at 2.25M, the 2nd is 70% left of the company valued at 2.3M. The sharks were paying way more. 250k for 10% compared to 333k for 10%
He(Mark Cuban) nailed it, everyone became the food for the shark 🦈. People who were rejected, discriminated, insulted, might be laughing at them, but remember failure is the pillar of success 🤗.
Too much hype for a product that people might not even buy second time, this was destined to fail. Kevin wisely predicted that 2:18 before anyone even made an offer. This begs the question, what's in the 🍾 which made all the sharks fall prey?
so we all know mark has said this was one of the worst deals in history but watching the video, Mark also knew that from the beginnin. he was SO hesitant to go in, claimed the others didn't know what they were getting into, etc.
Very sorry all 5 sharks got played for being a fool !!! They really wanted to help this guy to realise his dreams ( and more !!! ) .... .Sorry about your $1.000.000 bucks you guys !!! 👎👎👎 I guess beware of SCAMMERS everywhere ! Even on Sharktank ! 💜🦋
@@lifehacks2236 Yes it was ! He just wanted to make fast money , because he allteady sold and sent it to another high tech company ! ( Where obviously he more then allready made his money ! ) Have a gr8 tuesday ! 👍🍺
He didn’t say that he said he blew the money and and he didn’t disappear with the millions of dollars he had to pay back 5.1 million and his app was shut down for false claims
@@zakiashad5411 I never said he didn’t but he didn’t disappear with the money lol he just wasn’t doing what he said he basically lied and ended up getting sued u was saying like he got away with millions he didn’t
I think it's sometimes even more enjoyable when you know what happens afterwards. The guy was basically a scammer. The product doesn't work and he used the cash to travel around the world partying. Worst investment the sharks have made.
Was sad to read that the company was shut down after it was reported that it was unreliable and under reported BAC levels. The app was shut down and customers were required to be notified and offered full refund. Mark said it was one of the worse investments 😢
Yep, Mark said this is the deal he lost the most on with Charles jet setting around to Bora Bora and Necker island. He said before he knew it the money was gone. He said he lost a million dollars.
Damon: “What are you gonna use the money for?”
Charles: “You know, Bora Bora looks amazing.”
🤣
LOL
He heard of Bora Bora and was out,just like Barbara 🤣 quite an irony 😁
Dude basically makes life decisions in and around drunk
Lol right & los vegas
Little did anyone know, Charles was the real shark in that room
🤣🤣🤣🤣
😂😂
More like scammer
@@christiangaxiola5323 that’s what they said
Mark lost big money because this guy partied to much
And Mark Cuban said this was his worst investment ever. The guy literally took the shark's money and partied around the world. Perfect example of Over promise, Under deliver.
True statement. Saw Mark talking about it in a podcast interview
He definitely party and drink a lot and probably has tons of dui that’s why he came up with his own breathalyzer lmao
Wow
@@garybettes can i have the podcast link? Where i can listen to that bro?
@@yogibagasd full send podcast with mark Cuban
A couple videos later, and Mark Cuban was on a talk show talking about how this guy took all the money and traveled the world. He said he was networking 🤣
I saw that 😂👍🏻 tried saying hes networking
Also said he was with that one guy who threw water at Cubans face
Just seen that lol this guy blew all the money smh
wait so did he ''scam'' them?
@@MissMilly321 I don't think it's a scam though. Maybe it is because he said he would invest it in the company 🤔
Barbara would’ve been like “i like the product but i dont like the entrepreneur. Theres no passion in the business. Im out.” And she wouldve been right.
which is good because they ended up getting sued and ultimately shut down because the BAC readings were inaccurate
@@laksjdfization worse is the ceo was out partying more than working
She would have been right
@@laksjdfization p
she always goes out so yeah she misses the duds too. even a broken clock is right twice a day.
He was partying and drinking to test the breathometer yall
Charles is a smart guy. He had to intoxicate the sharks first before making the deal. This way, the sharks couldn't think clearly.
I mean, the verbal confirmation on the show equates to nothing. They could have easily backed out later on when the verification process was happening. They did not.
except he blew all the money
he blew the money it was the worst investment for the sharks
Dude, he is a fraud. The Federal Bureau won against him that this product is a scam/fraud and he has to refund all his customers.
They got sharked.
"Sometimes it ends badly though" mr wonderful is always right
I heard the guy took the money and ran. Guess Kevin was right. They got scammed supposedly from other comments.
Kevin called it from miles away
He didn't know now right he'd be 😂
He wasn't right with the FTX scam lol
Damn. You beat me to this comment! Lol
If only Barbara was here, most of her investments were based on judgement of character which she’s pretty good at. “Invest in the person” is her motto and this guy would’ve given her so many red flags.
I thought “I’m out” was her motto.
why
What red flags?
@@MitchellHang Well that too lmao.
@@kabum8046 Because Barbs always asked the entrepreneur/salesman to explain how they’re emotionally connected to the business, or say “I like this idea but I’m not sure about you, you sound so disinterested” hence the many “I’m out”s and the red flags. Plus the company failed and the guy ended up burning through all of the sharks investment going out to party and not updating with them. Cuban went on to say this was his worst investment. I think Barbara would’ve been right if she was here.
10:52 I love how everyone is holding a glass of champagne for the toast and Mark is using the whole bottle symbolising he is holding the Lion’s share (probably not intentional idk).
I like your interpretation
And an heavy future loss
lmao 🤣
I like it
Mark: i will give you 500k for 20%.
Lori: Mark, can i come in with you?
Mark: No. This disaster is all mine!
😂😂😂
Cuban said that the Breathometer was the worst investment deal he's ever made on the show lol 😂😂
Fr he spent all the investment money on partying 🙄 fumbled the bag big time
@@nadilady13 This was THAT guy?! LOL! He seemed so smart too! That's crazy, just heard about this on a podcast
@@IndieJosh what podcast please?
@@buffysummers2904 it was on the full send podcast
Yeah, considering the CFO was talking about egos...yet they lost themselves in the long run.
In 2017, an inquiry by the FTC resulted in a settlement with the company. The FTC charged that the company knew the product frequently underreported BAC levels and knowingly made false marketing claims of accuracy. The app was shut down and customers were required to be notified and offered full refunds. According to the complaint, sales of Original and Breeze totaled $5.1 million. Following the FTC controversy, Mark Cuban called Breathometer the "worst execution" in the history of Shark Tank, blaming the founder's mismanagement of funds.
I came to this conclusion that something regarding liability would be a major issue unless it was govt issued within the first minute.. Absolute NOOOOO... Be responsible.. which also begs a question. Why hasnt the govt issued something like this in some states to protect its people??? think about that..... u would save insurance companies and healthcare . let alone save lives.. why wouldn't govt protect its people who like to drink >> This is a really odd comment but . I guarantee its all about money...
@@culbyj3665 I don't know if you're familiar with the track record of the gov't, but it doesn't tend to do things that are for the better interest of the people
also right after the guy got the money he went on alot of vacation "on behalf of the compony"
@@kernelxsanders 🤣🤣 exactly .
I refuse to believe this and I don’t want to prove myself wrong so I’m going to continue being ignorant yaayyy ignorance is bliss
The Breathometer received a huge amount of attention from appearing on the show. Not long after it aired, CEO Charles Yim was getting tens of thousands of orders and reports say he made $1 million in 2013.
This helped him launch a new product under the same company. It was a bluetooth-compatible breathalyzer called “The Breeze” and was made available in various Best Buy and Brookstone locations. “The Breeze” and original app did $5.1 million in revenue.
Unfortunately, in 2017, the FTC found Yim’s app to be unreliable and made various false claims in their marketing. The company was shut down and Breathometer is now one of the biggest failures in Shark Tank history. The FTC also ordered customers to be notified and offered full refunds.
Mark Cuban called it his worst investment on Shark Tank and blamed the founder for the company’s terrible execution.
thanks for the copy and paste
@@hodgelive You're welcome.
@@hodgelive so you think information is irrelevant if it isn’t typed by hand? For that reason, I’m out
Guess Kevin’s initial skepticism about liability issues was accurate.
He lost me at diabetes...
Mark later talked about this being his biggest lose through Shark tank. This guy was constantly travelling pretending to network and one day all the money was gone.
It not fair to judge based on his social media posts
Biggest loss
Feel like with the initial angel investment and the Sharks taking 30% he probably didn’t have much equity left for himself. So he decided to just spend all the money and bankrupt the business so he could start over with 100% ownership again
Not only that this company got sued for false claims
@@dawitbelai514 Okay, Charles...
6:28 this is the most impressive selling/negotiation of the entire pitch and it’s Mr Wonderful pitching to mark so that they can all get a discounted equity share.
Lol he saved cuban 500k because he thought even a small percentage is going to be worth a fortune. He also knew Cuban wanted the whole thing and by the end Cuban was probably thinking there's list risk personally if the other come in.
I like how he just tossed the breathometer to Mark when he asked to see it. 😂
That was gutsy
@2:14 if you notice Mark is actually asking Charles to toss the breathometer. He is actually in ball catching pose.
thx bro, i'll send u a free one. what's your Coinbase wallet ID?
Sturydb
this was due to covid restrictions
This guy was laughing and smiling way too much when the Sharks were making serious offers. In hindsight, that was a red flag.
@Christian Velasquez Oh it was real bro, Mark said this was the worst deal he ever made in his podcast
specially when he took that 30% equity deal.
he was so serious at first but then when mark cuban offered 500k look at charles big smile and his mood changed
Cuban was shocked he accepted the deal so easily at that valuation. Look at his face
If it’s too good to be true. Than it is!!
It's more than what he asked for tho, which was 2.5 million valuation. I wonder why the sharks valued the company higher.
@@brandon.h9624 that was what I was just thinking. Mental!
Why would he be shocked? He got mony than he came in asking for
@@dawitbelai514 because it was worse than what he could've gotten from just mark.
I mean it didn't end up mattering anyway at the end...
Funny how this became Marks worst deal he ever made on shark tank. That’s why they say, invest in the person, not the company.
do elaborate...
They all did the deal tho it’s their shared lost
@@lama9926 Mark went in with $500,000. The other sharks only invested $125,000 each.
@@ZoraRyze and its owner used most of the money his was given to go out partying..
I think you have it backwards. One the guy got the money, he just started "the good life" and did not work out the quirks for accuracy. Later the FTC banged them and the sharks lost their investment.
1. Kevin is king of Shark Tank
2. There's no CFO. He only called his roommate (who he spent the million with )😂
Is that true? Lmao
@@sallystories I believe I did see a vid w/Cuban stating he didn't use the money for the product development. What a waste of his entire reputation. Especially in the valley, those guys never forget. A shame to let a little cash get in the way of really helping to save lives.
🤣🤣🤣
Show proof
@@dawitbelai514 calm down I'm kidding 😂
This dude had everything to succeed, 30% was a little too high but 5 power houses on the line and yet he blew it...
He also had angel investors and partners in the business. After the 30% feel like he probably had little equity left for himself. So he decided to just spend all the money and bankrupt the business so he could start over with 100% ownership again
Dude, he is a fraud. The Federal Bureau won against him that this product is a scam.
Yeah looking back at this again, the sharks were pretty naive lmao. This dude outplayed everyone.@alexandercrush
the idea probably has legs... Sharks blame the owner...but its all on them. Kevin nailed it early on, but didn't listen to his inner premonitions. .
“I don’t wanna do a deal with any of the other sharks” then proceeds to do a deal with all of the sharks 🤣🤣🤣 Mark Cuban one funny man
A legit working breath test for this price could be banger. This guy could have been rich but chose some nice parties
You don’t know that
@@dawitbelai514 marc said on a podcast
@@slicedice1017 did he spend it all on partying? He could’ve saved some lol he’s probably still rich
@@vietnameeseguy no he had only like 1000 dollars left because going to vegas gabbling going to the celebrities section isn’t cheap and he did more
Honestly this could have easily become the next billion dollar company but the later-found inaccuracy of the alcohol level sensors and a mismanagement of money killed it.
Idk if it could have, those breathalyzers always have accuracy issues
This is the guy mark was talking to nelk about: The dude is partying and burning cash so he lost the company 😂
No way really? This was the guy?
Yup! Just read the article a few days back!
@@raimonddeliu2386 yeah, apparently his company got sued and they had to refund every customer who bought one lol, it was under-reading alcohol levels
I remember watching a Doctor Mike video where he reviews Shark Tank's medical pitches, this being one of them. He was very surprised that they invested in it. Kind of shows how the Sharks don't fully understand health/medical related products with the exception of weight loss products.
Barbara: "I drink 3 bottles of wine a night and have a personal driver, and for that reason, I'm out."
This dude is what Mark said was his biggest loss on the show. Dude partied all the money he gave him away.
what's funny is the sharks thought they were scamming him
he was scamming them lmaoo
Lol
No they did not. He left with a higher valuation than he came in with.
@@henrypeters5291this comment went way over your head this guy blew all the money partying around the world look it up
Mark seems actually surprised that he gave up on so much equity. Probably only one person who knows what to do would be enough in this deal.
This is the guy who was one of the biggest disaster for Mark. He wasted all his money and toured the worked
Great Explanation
Nelk boys jeje
Didn’t they got their mony back tho. FTC forced them to return mony to everyone
What you're seeing here is a real conman pitch
This was the pitch that Mark Cuban regretted investing in
This guy basically took all the money and partied in places like Bora Bora, with Richard Branson at his privately owned island, and Vegas
When Mark saw his photos online and asked him what he was doing, he replied "Networking"
OMG,how sad .when people give them a chance they bring out there true colors.
you watch the nelk boys podcast too eh
What a shame.
@@Reagorn Can you please link me where they talk about this guy?
@@rikumajumder1558 Look up “Mark Cuban’s WORST shark tank investment”
5 sharks were involved in the deal and they still couldn't force the guy to start working? I'm confused. Are there no legal penalties?
It was their decision to give their money away without looking into the repercussions - they can't file a lawsuit against him because they willingly gave their money away lol
played them like a fiddle
U don't own the guy, u own part of company, with the guy still having majority share
@@vaxan5126 don't hate the player just because he went to the playa.
There are potential legal penalties. An operator has to show they made a "good faith" effort to make the business work. It's fraud to just go on vacation with the money.
8:51 his smile and that kind of looking telling us what he thought in his mind "Idiots".
Absolutely that looking was weird
He couldn’t believe it 😂
I agree. I thought the same
Breathometer production was halted in 2015 due to an increase in complaints and an FTC investigation. The company has essentially been shut down since 2017.
Great idea, great product, worst execution ever! Some people can't handle money, and he is one of them.
Interestingly, the red flag here was the fact that the guy already built and sold one tech company in a really short amount of time, and then immediately went for the next one. It shows that the guy's main goal was always just to make a quick buck.
Which is of course not always a bad thing and hindsight is 20/20, but seems he was never going to be truly passionate about making the best possible product, which is pretty damn important when you're essentially building a medical device.
@@wloffblizz what do you guys know? Can you elaborate? Was this a dud investment?
@@LeanMan82 The guy would non-stop party instead of work and ultimately killed his own business.
@@LeanMan82 the guy used the sharks investment to travell and party everyday lol.
Actually, he had to refund customers because it is very inaccurate. Company is bankrupt bc of this. That's the reason.
to say that I feel sorry for the multimillionaires is pushing it, none of them lost their house over this, and they all that investing is a gamble. That being said, Mark sat there looking like he knew exactly what he was going to do with it, and the other Sharks handed him a rather unusual deal, where he would have more equity than them, but they still wanted a piece of what Mark had planned.
If there is anything to say in the Sharks favour here, is that this video is still in the public space, and not locked in a vault somewhere. That does show character on their part.
He got em all drunk 😂
I love how they uploaded this cause this is the guy Cuban said on the podcast who blew his $1 Million investment with partying and traveling on the Full Send Podcast last week
I like how this was published right after tech crunch article on Cuban losing his money cuz of this investment lmaoo
1:01 Kevin doesn't know himself how much right he is
“You can plug it into audio jack”
*Apple removes audio jack*
Charles: confused oonga boonga
They actually switched to Bluetooth at that point before the company went under for other reasons lol
“This was the worst execution in Shark Tank history” ~ Mark Cuban in 2017.
If I had no idea about how he wasted all the invested money I would have totally believed that he is a very good and intelligent entrepreneur 😂, well that explains how he got all five of the sharks in.
actually, the predicted didn't work... he had to refund customers...
All things aside, I really miss the old production style of Shark Tank. Soundtrack score/music is not overbearing, coupled with less editing/cutting of footage, making for a more subtle production whereby the viewer can make his/her own mind up regarding the tempo/flow of each pitch, rather than the later episodes, where they more or less through the editing and music spoon-feed to you the entire narrative/how you should be perceiving the pitch.
100% agree
This was 100% NOT the first smartphone breathalyzer. They sold them at best buy way back in 2009 lol
this episode aired in 2009.
@@redfox5965 2013 actually, unless you're just joking
Mark was on a podcast recently and said this business flopped because he was out partying and travelling the world and when Mark confronted him, he said he was "networking" .
Yeee the nelk boys podcast
Bro honestly. Eff multimillionaires lmao . But on a serious note he should’ve worked could’ve been a hit .
The average serving of alcohol would raise your BAC (Blood-Alcohol Content) .01-.02. Lori blew a .04, and she barely touched her glass of Champagne. So either this machine is very inaccurate, or Lori (and presumably the other sharks) were drinking before this guy came to do his pitch.
Thats same with every breath analyzer, even with the ones police use, thats because right after you drink there is still some alcohol left in your mouth, that will cause the false reading, even mythbusters tested it out. Thats why you should always demand blood test after police test you.
very funny, i get drunk off one serving of alcohol, some people are just lightweights.
There’s actually one thing they don’t mention here - breathalyzers are incredibly inaccurate within 20 min of drinking or eating anything. You have to wait a while or it’ll be distorted, and here she used it while still drinking the champagne
How did he walk in asking for a $2.5 million valuation but had to think about a $3.33 million valuation?
I know right it made no sense. Why I thought they’d go for 50%
Because people tend to be more hesitant to give up more equity
@@SkyLinXin you valued your company at $2.5 million but I offered you $3.5 million ($1 million more) for 100% of the company.. would most people say no?
It's amount current vs future valuation if the current valuation is 2.5m but I believe that it will be worth 100m in the future, I will definitely not trade 100% of my company for 3.5m
@@ki6eki yes. Most people would say no
The product looks so ideal and revolutionary but this was what Mark was reffering to about the fraudulent business. In his words, "Next thing you know, all the money is gone".
Daymond: who wants to bet what he’ll come back at
Mr Wonderful: he’ll come back at 25%
Daymond: I say 25%
Mr. Wonderful: yeah you’re right
Nice one
Lolol
I’m not even 10 seconds in… I hear “Silicon Valley” and instantly think it’s a scam 😂
He had the potential to become the next Theranos, instead he partied it all away 🤣
Wait it’s the same guy who wasted all the money?
@@Random-ue8si it was THIS guy!
well, he and Theranos are peas in a pod - they both promised something they couldn't deliver, lied to their investors and consumers.
@@snsmysticand they both put people’s lives at risk! Thanks to this product we had more drunks on the road
Mark just wants the sensor technology and they information they developed and discovered with breathe analysis, that’s why he doesn’t want the sharks in who are probably more focused on building the business and making sales. The actual success of this particular business is secondary to him
I love how every shark tank clip is just a Barbara roast 🤣🤣🤣
10:32 And that my friend is what you call a million-dollar smile!
Sometimes the sharks are so judgmental but sometimes they just go all in it’s crazy
Not sure if I'm missing something here- So he comes in seeking $250k for 10%, a valuation of $2.5 million. He gets an offer from the sharks, $1 million for $30%, which is a valuation of $3.3 million, a better valuation than what he came in with. Assuming he got approval for a $2.5 million valuation from the CFO, which would make sense considering he's selling a percentage of the company at that valuation, why is the CFO saying the higher valuation is too low? If he is worried about giving away too much equity, isn't it better if the valuation is higher?
Same question from me
But i guess they’re gonna offer lower valuation for silicon valley and just willin to gve up 10% for the show initially ?
Just my guess tho
He is fraud
10% for 250k is a pre-investment valuation of 2.25M. 30% for 1M is a pre-investment valuation of 2.3M so it’s around the same actually.
I think he got a great deal.
20% is a lot more expensive to buy into in subsequent rounds.
ex. If his company is successful and raises a Series A, B, and is raising his Series C, that 20% may now be worth $10, 15, 30+MM.
@@DanielsPengetips that's not how valuations work tho? The first one is 90% left of the company valued at 2.25M, the 2nd is 70% left of the company valued at 2.3M. The sharks were paying way more.
250k for 10% compared to 333k for 10%
Did he ever even mention any sales? im really surprised everyone was so on board with it so fast.
Because it’s a great idea.also he did mention it
The CFO didn’t like the evaluation, but they offered better than his initial lol
It's not about the valuation. It's about having too many people cooking the recipe. Giving away 10 vs 30% of your company is a whole different thing.
@@radityaindera3442 but you getting more money in return!! He originally valued it at 2.5mil but the sharks did it for 3mil.
@@wordart4323 giving up more % now mean you’ll own less % later on when your company is worth a lot more than the 3M evaluation..
5:51 "And they have no idea what they're investing in" - Mark Cuban
😂😂😂so true
I love this. Common sense and logic have nothing to do with being a "Shark."
"What are you going to use the money for? "
"Manufacture the product"😂😂😂
Lmao it's the Bora Bora guy 😭😂
3:58 what are you gonna use the money for . Him : For Partying
He(Mark Cuban) nailed it, everyone became the food for the shark 🦈. People who were rejected, discriminated, insulted, might be laughing at them, but remember failure is the pillar of success 🤗.
I feel bad for the sharks. I think all of the sharks now would have rather given the million dollars to charity vs this guy.
Mark Cuban is the Real Life Bruce Wayne.
He works alone, unless it's the Justice League.
I love how the cfo says not a huge valuation even though they offered more than what he came in asking for lol
Funny this was just posted, and an article was just released that this was one of the worst investments stated by Mark Cuban.
0:58
Breathometer: pitching to the sharks
Kevin: sometimes it ends badly though.
Irony
Too much hype for a product that people might not even buy second time, this was destined to fail. Kevin wisely predicted that 2:18 before anyone even made an offer. This begs the question, what's in the 🍾 which made all the sharks fall prey?
Now that you've said it, it just made a lot of sense
They were all in after they saw how anxious Cuban was to exclude them.
@@jaimhaas5170 the part when he called his CFO is pure gold
Ego. Mark put them down and excluded them, they wanted to prove they could get mark to make a deal with all of them.
Molly.
so we all know mark has said this was one of the worst deals in history but watching the video, Mark also knew that from the beginnin. he was SO hesitant to go in, claimed the others didn't know what they were getting into, etc.
He made sure to make them drink so when the device would mark 0.4 they would believe it would scan their alcohol level
CFO : "Too many cooks in the kitchen "
CEO : " I accept 😀"
I love Kevin's face when he gets slighted.
I love ur face when u are still broke
"Hey Charles"
"we got 'em"
*Breakbot - baby I'm yours
INTENSIFIES
Dude scammed all 5 sharks. They were actually the goldfishs.
This is why I love watching this show on TH-cam. Would have never known the truth.
Very sorry all 5 sharks got played for being a fool !!! They really wanted to help this guy to realise his dreams ( and more !!! ) .... .Sorry about your $1.000.000 bucks you guys !!! 👎👎👎 I guess beware of SCAMMERS everywhere ! Even on Sharktank !
💜🦋
It was a scam?
@@lifehacks2236 apparently the guy disappeared after taking the 1 million
@@lifehacks2236 Yes it was ! He just wanted to make fast money , because he allteady sold and sent it to another high tech company !
( Where obviously he more then allready made his money ! )
Have a gr8 tuesday ! 👍🍺
@@Lieveheersbeestje1962 thank you!
@@lifehacks2236 You're welcome 👍🧡
He sounded truthful until Daymond asked what he's going to use the money for, he answered, uhh strictly manufacturing.
How love serious all his faces are even though at the end we all know this was one of the biggest scams
"sometimes it ends badly tho" mr wonderful was right but from a different POV
Mark said this was a fraud and the guy disappeared after taking the million dollars.
He didn’t say that he said he blew the money and and he didn’t disappear with the millions of dollars he had to pay back 5.1 million and his app was shut down for false claims
@@litodat233 Mark did say it was fraud and he disappeared in another vedio
@@zakiashad5411 I never said he didn’t but he didn’t disappear with the money lol he just wasn’t doing what he said he basically lied and ended up getting sued u was saying like he got away with millions he didn’t
@@zakiashad5411 he never said it was fraud. He just said the guy ended up partying and traveling instead of developing and selling the product
"I am going to use the money strictly for manufacturing" A week later "PARTY!!"
10 years later and the mobilephone industry surly killed this product XD
“What are you going to use this money for?”
“Strictly manufacturing”
I think it's sometimes even more enjoyable when you know what happens afterwards. The guy was basically a scammer. The product doesn't work and he used the cash to travel around the world partying. Worst investment the sharks have made.
Was sad to read that the company was shut down after it was reported that it was unreliable and under reported BAC levels. The app was shut down and customers were required to be notified and offered full refund. Mark said it was one of the worse investments 😢
He could have made so much more money. What a shark.
Kevin and his wife need this before they get into a boat to save lives.
Edgy
Anybody peep Kevin grab more champagne 🍾 😂
Was this the show where Barbara called in to say she was out?
No wonder Mark hates Silicon Valley entrepreneurs 🤣
Sharks: Barbara is not here today? Okay let’s all go in.
He knew what he was doing with that champagne, bubbles get to your brain fast!
9:02 Mark's look right there said a lot honestly
And that's how a worst deal of all sharks especially for mr. Cuban
Yep, Mark said this is the deal he lost the most on with Charles jet setting around to Bora Bora and Necker island. He said before he knew it the money was gone. He said he lost a million dollars.