Shark Tank US | Hello PreNup Shock The Sharks With Their $4.1 Mil Projection
ฝัง
- เผยแพร่เมื่อ 3 ต.ค. 2024
- Sarabeth Jaffe and Julia Rodgers are seeking $150k for a 10% stake in their company Hello Prenup.
From Season 13 Episode 6
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Shark Tank US | Hello PreNup Shock The Sharks With Their $4.1 Mil Projection
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Can tell the nextdoor guy has no ego issues. Not offended at all after them talking to kevin. robert had to tell the ladies who he was. Great guy.
Nextdoor*
*Nextdoor
Especially considering how offended the rest of them get at anything in that nature
NextDoor*
Difference between colorful and colour less.
Update from Forbes:
Hello-Prenup is now worth 6.8 million dollars. Kevin added their services to his registries, and their first year projections were heavily exceeded! This got their costs down to an extremely profitable level. Kevin and Nirav are still very active in the company :-)
Thanks for the update!
cool, thanks!
nice 👍
Thank you for the Update wish Updates happen more on these videos.
Amazing!
Nirav is an absolutely amazing person. The way he so politely and genuinely said "Give me a counter" just shows he's open to getting a lower percentage. I've never seen a shark just asking for a counter like that, literally open to go lower. Also, he gets behind the owners and says "I believe in you" so passionately. It's such a boost of morale hearing that from a Shark.
You should the seasons with Daniel Lubetsky. Founder of the Kind bar (Very fitting) He is such a sweetheart ! When he told the story about kind to one of the entrepreneurs I almost teared up!
I have met many really rich people who can burn money like cigarettes, and most of them are very arrogant. But thank god, in this world, there are still good humans who also can be whales or sharks.
they often say, 'give me a counter'
this is definitely going to explode i don’t know how the other sharks could even question it. $599 compared to $5k??? it’s a no brainer
AND, no gawd-awful appointments with lawyers. No-brainer.
It's instincts.. Maybe they're not comfortable with that business
lol but you can write your own for FREE, just don’t hire a lawyer for counsel.
Thank you!!
Not using a lawyer to draft a contract is like not going to a doctor to perform your surgery. Robert was right, if people want a prenuptial agreement, they will go to a lawyer.
The sharks are sometimes so out of touch. Robert saying “why wouldn’t they go to a lawyer?” Ummm bc $5,000 is not a trivial amount of money for most people. Most people would rather go on a honeymoon than use it for a prenup.
If you dont have enough money to pay for a lawyer you dont need a prenup. The whole point of a prenup is to protect your money if you get divorced.
@@robotpanda77 true, yet still way more convenient that they made the price so much lower. why throw out $5,000 when there’s another option
@@robotpanda77 Not necessarily. If you marry someone with huge amounts of debt, a pre-nup could be life-changing if you ever end up divorced. There are plenty of people who don’t have 5k to spare but could still benefit from a pre-nup.
@@Katie08822 the first red flag is someone being in debt beofe you get married..run and dont even think of marrying that person
@@robotpanda77 thats not true, you can waive spousal support and any law you see unfit in case of divorce.
If the online prenup carries the same weight as a conventional prenup, there is no way this business will ever fail
If you've known somebody that short of a time. That you're not sure and you're not willing to share their toothbrush with them or soda with the same straw you certainly shouldn't be marrying them a computer print out is not going to stop you from your own stupidity
I india (which follows British laws) any civil agreement which is signed by two persons in a white page signed by individuals in presence of witnesses (signed) also carries the same value.
A prenup is a prenup
@@helloprenup You guys did great, any ideas of expansion out of the U.S.?
@@helloprenup isnt it just super easy to get around prenups in general though
What amazed me more is that they were able to convince Kevin at the last second even though he had already decided that he was out of the deal
Seeing Nirav extremely interested made him change his mind.
I think it was because she’s a divorce attorney, and that gave her a lot of credibility. He know she knows what she’s talking about.
There's a script to these shows lol. And of course the pitch is edited down severely to a TV-watchable time. He definitely didn't make a split-second decision like that.
@@leoblacklock2889 nah it's because they had the tech shark on their side this time..Kevin knows Nirav could make it work and he can add plenty to that. I'm happy they got both sharks that are perfect for their business.
The idea of integrating it in the wedding industry and registries interested Kevin.
Wow their idea is genius and I’m glad Nirav made them an offer!
I’m a millennial and if I weren’t already married and felt I needed this service, this is a million percent the route I would go.
Please end my life while I am sleeping.
Same! I never heard of this business until now and just got married! I spent almost little over 3k on a prenup. Would have tried this route if I had known
I love how Mark just trying to give them an advice low key. "You can counter"
I respect this guy a lot. The other shark might be trying to take this opportunity to take a big share of equity since he is their last option
They're here for a deal, not advice. He failed.
@@ihthgn3853 Mark’s too rich to care about losing a deal. He didn’t fail
Well, there's an unsaid rule ( not hardfast) for shark by Broadcaster. If one shark is out of the deal and there is negotiation going on with other shark. The shark who is out should assist the contestant in some way or other. This is for more drama effect for the reality show.
lmao he didnt believe in their business
I like that Mark said to Kevin and Nirav: "You guys will do well with that". Definitely acknowledging their ability in the market to propel them.
yeah, he is good at PR
They were speaking facts! Millennials think differently about things. Even though I can afford it, I'd definitely still go online for a prenup
"even though I can afford it" lol girl stfu
It sounds like a much less awkward thing to ask a partner to do with you, especially if your parents are the ones pushing the prenup.
You could tell they wanted Kevin as a partner, smart of them to ask him back in after there was an offer on the table.
Smart but very risky. Happened multiple times and the shark got offended.
High risk doing that, but definitely a high reward! Good for them on taking that risk as it definitely paid off!!
Genuine question, why is it better to have 2 sharks at 30% than one at 25%?
If these prenups are legally valid and complete, I’ll 100% use this service.
Same! If this option is available online for a fraction of the cost without having to meet with a lawyer, it's a no brainer for me.
The lady on the right is a divorce attorney so it seems legit to me.
Me too!
Hot take, if you need a prenup, then you do not trust the person you are choosing to marry. If you're marrying somebody you don't trust, you should not be marrying that person.
@@bigmike- you can never be too safe
Great idea. Thought they were going to talk their way out of a deal at the end with adding another shark but that Nexstar guy was very chill with giving up 10% equity to go with Kevin
Kevin has a huge wedding network. so good call by him 👍
Nextdoor*
Thank you, Brian!!
There best idea was snitching everybody out like the rats they always been
I thought they said nexstar too
They should partner with TLC for 90 day fiancé 😂
🤣🤣🤣🤣
😂😂😂❤️❤️❤️
It didn't look that they had met for the first time, they had amazing chemistry.
Dude for a generation that’s growing quickly, making pre-nup accessible is such a great solution.
“I am a divorce attorney”
Lori: “LOVE THAT”
Ha
having a lawyer as one of the founders for a company doing legal stuff is reassuring
it was risky but really clever to get Kevin in the deal since he already has companies in the wedding space.
Now they’re worth 6mil+!!
They took one hell of a risk snitching us out
@@muscleman185 what’s your source? That sounds pretty awesome
@@haoranqu46 google
@@muscleman185 it’s 1.5mil in 2022
I love how dumb the older sharks can be towards a literal goldmine staring back at them
They aren’t dumb they are rich lol This company is worth ~10mil which would be amazing and life changing for me and you, but for ppl who literally have 100s of millions and one who is actually a billionaire this really isn’t worth their time.
@@KaneDeath4 it kinda does mean they're dumb, if they exit the two just made 1.5 mil each off of 75 grand. That's a 20x return and they literally had already made the finished product. Grant Cardone raves about 10x and he cant even get close to it. This was a goldmine.
This idea is genius! They're right on the money coming up with "Hello PreNup!
The other sharks were crazy not to invest in this business!
Anyone seriously looking for a prenup would still seek out a lawyer.
@@dekev7503 Apparently, not the people who did use "Hello PreNup. The value of their company is at 1.5 million already!
People are in a rush to get everything down nowadays!
Lawyers are overrated and high-priced, and not to mention many of them are crooks!
@@dekev7503 I just got married, if I new this was an option where I'm from I would have Taken it in a second.
@@dekev7503 most millennials with not 5k of extra money will take their service for only 500 dollars.
@@ozymandias8523 the counter to that, if you dont even have 5k to spend, u probably don't need a prenup in the first place
She literally made the exact point that is so true, and why I'm getting a prenup: my parents want me to get one due to inheritance. And honestly, they are right about most things.
Inherited property is usually not subject to divorce (if I remember correctly). A better way for your parents to protect your inheritance is to leave their property in a trust. That way you will get all the benefits of ownership without any of the detriments.
@@sharpe52312 This is very helpful to know! I hope this is true for Canada, which is where I'm from. Thank you!
@@anovosedlik I think it’s probably the same in Canada but I’m not sure. I’m a law student in the US. I don’t focus on divorce or trusts and estates but I had to take classes that covered the concepts briefly.
@@sharpe52312 I looked it up and you're totally correct as long as it's in a trust as you mentioned. My boyfriend is studying for the LSAT and I'm just wondering: did you took a course beforehand and how hard did you find the exam? He thinks he can get away with a short course but I'm not so sure. I always find his LSAT text around the house and try some practice questions. I love doing the logical reasoning, but dread the analytical reasoning. I really haven't learned how to make those little diagrams.
@@anovosedlik I just studied on my own and used the khan academy free lessons and practice tests. I learn better independently though and I know for some people having a class helps. I also only scored a 162 so I wasn’t a hyper competitive applicant. I’m not sure if a class would help to get a score that can get into a top 14 school, but I got a score good enough for the top school in my state and stopped there.
The analytical reasoning was tough for me to learn. There were some problem sets that are really easy but some of the mixed set ups are really challenging. I took a practice test before learning how to approach the problems and got every question wrong 😂. They are pretty fun and manageable when you learn the strategies to diagram the problem and commit to memory basic rules of logic.
The product market fit for this idea is great! Surprised Mark, with his tech background didn't jump at this. As a young professional I would feel more comfortable using this than lawyers!
This is the first SharkTank product I could actually see myself using one day. Genius idea.
Mark’s little chuckle after “the happy couple comes together to resolve any differences in their answers” had me dying. 😂 Like he was thinking “yeah, good luck with that…”
I love the Nirev guy, he’s the most humble shark I’ve seen amazing guy
And zero ego.
@@athul0687He is such a gorgeous man!!! Inside and out!
It’s great that they are the number one source for prenup information because then they can conveniently sell their services from all that free traffic but how does the customer know that they are credible and reliable
If they add a shark. That’s why they went with Kevin is because he’s got a lot of credibility in the wedding space
The one lady is literally a seasoned divorce lawyer at a reputable firm. All she has to do is put her credentials on the site. Tells you enough.
@@chromberries7329 yeah but peopel would choose Kevin Over her 100 times over
@@joehernandez5214 that's why they are partbers
I love the phrase by Mark at 8:53 " good job rookie" , that means You are good , but I'm the Billionaire here Lol
His ego is too big
@@theempire00 yupp, he was so acting so irate when Sir Richard Branson was a guest. He couldn't have another shark wealthier than him in the same room.
What a fantastic idea. I’m surprised it didn’t already exist!
It actually does, but not as simply.
Rocketlawyer for example provides such forms for $40/month.
I'm guessing the Hello Prenup will be a lot more hand holding and provide useful suggestions/subjects to go through that are not as plain vanilla.
Wow, they made a shark who cut them off to say he's out make a deal with them. Extremely impressive
I love this for them. What a commitment made to each other so quickly. Most people would be too scared.
I can hear that song lyric from Gold Digger in my head:Holla, We want prenup! We want prenup!
Lol
yepp.. did you see how the BITCH on the left rolled her eyes when he offered her one hundred and fifty thousand dollars???
It’s like they prepared the presentation for kindergartners. 🤣
I love that they were able to reel Kevin back into the deal.🦈🎣 Well done ladies!
Mark’s evil smile at 6:29 🤣 🤣 🤣
Props to mark cause even when he sees the potential of a business he’s willing to let a more experienced shark in that field to come in if he thinks It’s best for the entrepreneurs
Mark just looks for any reason not to invest LMAO
He's already got too many people
@@Nandinandito I think Barbra got the same problem but instead of having too many people she doesn’t have enough money
never seen Nirav Tolia not smiling! such a humble and positive man!
They’re roasting it and it’s EXACTLY what I’ve been looking for
A someone who has worked in the field of estate planning I have seen the absolute disasters that occur when people have used software to create important legal documents. And these forms are "attorney created" too. The potential for coercion, abuse and outright forgery is also great when using this process. You can't count on the Notary facilitating the signing to catch those.
And yes, I understand that the 5k you are paying an attorney is mostly for a copy of a template they've used over and over. I'd suggest a hybrid model. The couple does most of the work and creates the document itself, but a live attorney reviews it. That way you're only paying for an hour or so of their time and the safeguards are still in place.
So basically their website isn't unique, just typical statements on there that you can get through a lawyer? Doesn't that mean anyone can start a prenup site?
Wow, that eyeroll at "30%" 7:03 lmaoo like, girl...
By far, best presentation. Come with the wedding dress, talk about the preparations, but the moment we start talking business, bam!!! Full business attire. I love the genius behind that because prenups are strictly business. Fantastic execution.
As an attorney, I understand this problem - especially the legal fees. However, the idea of creating a legally binding document online in a few hours is horrifying.
There’s a good chance that most people won’t know what everything means. Even if they think they understand all the terms, contact law can be very complex. Then, once they realize their mistake, that’ll create more legal fees (and nightmares) on the backend.
So, I agree that providing affordable prenups is an important service - but their customers run the risk of making things infinitely worse for themselves.
Was wondering too if the thousands of dollars affects the quality I hope they’re doing it well!!
Omg the eye roll from the girl pitching on the left at 7:03. So disrespectful, at least you finally got an offer!
Just love how calm and composed Nirav is
Kevin:Cry me a river 7:38 😂😂
From Personal experience I think their business would’ve worked without any sharks… That was a brilliant idea.
There are a few questions about this service that I see presenting problems in the future. For one thing, if a couple uses a lawyer for a prenup, they usually don't use the same one because their interests are bound to conflict. If they each have independent counsel, the agreement will be much more likely to hold up in court. How are each of the couple's rights protected when they use the same program? Also, some states limit what can be included in a prenup, so the program would have to be state-specific to include those limitations. Is it? Finally, how do they ensure that both of the potential spouses are agreeing to the prenup? Lawyers act as witnesses to the signing, or some even video the signing. If the couple later divorces, video documentation of the signing could be used to prove that the agreement was not entered into under duress. The presence of witnesses and/or a notary can also be used to ensure that the agreement will hold up in a court. Maybe these issues are addressed by the program, but if not, I would be careful about using it. You never know what will happen in future.
That's what I was thinking. The potential for abuse and coercion are definitely here. I know of a case of a mentally challenged man that a woman tried to get him to agree to sign over all his trust fund to her in a prenup. Fortunately the lawyer caught it because the man was not competent to sign. And I've worked in the estate planning field so I know what disasters can come from using software and templates on your own.
If only they could consult with a divorce attorney to make sure they don’t make any potential mistakes like that 🤔.
/s (you raise valid points but hopefully that was all considered into it especially if she’s a lawyer)
Actually I just researched this product a bit more and there is an option to have a local attorney review your final product. That may eliminate alot of these issues.
I suppose the fact both parties are participating in the same program means they are actually empowering their own self interests as a family rather than that of money grabbing lawyers and the broken system they've created with divorce laws. So the terms set in the agreement is actually more accurately representative of the people signing it, and transfers more responsibility to the people getting married/signing the contracts.
If hello prenup is successful, it might indicate people are actually valuing themselves more than they used to.
Also whats stopping legalzoom from doing the exact same thing they are and absolutely crushing them
everything is more convenient online. In Canada a lot of businesses don’t even bother to go to a lawyer or the registry to incorporate anymore, theres sites that incorporate for you and you can just do it all at home
Rule #1 of Shark Tank: Always undervalue your business even if your gut tells you it's worth more.
That's backfired for people in the past
I love Kevin , " cry me a river " 😆 🤣 😂 😹 I'm so happy for them
This in fact is a really great idea, making something that's cumbersome and expensive so simple. I am actually surprised at the lack of excitement from the sharks.
One of the biggest issues i see with this business is where someone is under coercive control and while they may "agree" it maybe under duress with "witnesses" who are helping in that control as its being done at home. The point of going to lawyers for a prenup agreement is for the impartiality and verification aspect. On top of this, there maybe specific laws in each state/region due to divorce where those who have had prenups were determined by the court to be absolutely useless. These are major gaps in the business idea which i think it wont succeed.
This is NOT true!
Lawyers only represent ONE party
They can’t hold a fiduciary duty to two parties man.
I mean they CAN… but the $5k cost she quoted is retainer for TWO lawyers as each party needs their own.
The very nature of having “full representation” though is that the two lawyers take forever as they “negotiate”.
Just removing the lawyers and having each person fill out the questionnaire, then IF they disagree on anything the app then moves to a shared form to hash out details.
$599 vs $2500x2
Day ? Vs Months ?
@@arthurduncan5838 Nah, I don't think I'm going to rely on an online service when it comes to a legal document as serious as this. But you can go ahead and skip the attorney if you want.
6:27
Mark looked at everyone else like “who tf is this new guy?😂”
The battle axe on the right is the perfect person for this type of business.
I'll definitely be doing this depending how it's going so far or when that time happens. Great idea for a great price!
or diy for free, but I guess they don’t touch on that. doesn’t bode well for the company.
@Tats McGee ….Wild guess here, but you might want to swap a letter ‘M’ for a ‘N’ in your comment….
Although a ‘motorized document’ is quite a funny image to picture in my mind! (Yes, I’ve got a big, visual imagination)
;)))
@@The_Real_Mier 😂😂😭😭
@Tats McGee And every year the marriage can be sent in for an MOT!
This will be strong business over time. The eye roll was something lol
I can see so many ppl trying to create similar business. This was a brilliant idea
The eye roll, I would have retracted and went out immediately
Why can't people give a normal fun presentation instead of a middle school musical audition?
have to remember it's reality tv
How on earth were they not prepared to say "I do" after accepting an offer. That's immediately what Robert and probably every viewer thought of the second they agreed 😂🤣 Very smart product and two exceptional young ladies, who didn't get intimidated or pressured into the original offer, and got Kevin for only an additional 5% equity. Personally, I'd have stuck with the 25% deal and asked for $200k, but if that's what they wanted, good for them!
This is brilliant and so intuitive. Not sure if there's much data to back it (yet), but I just know it's a good idea. I went to college with a bunch of rich kids and ALL their parents want them to get prenups. Everything they said about younger generations wanting prenups is so true. The marriage rate among millennials is still far lower than previous generations, so there's a lot of time for this space to grow as millennials eventually settle down. Not to mention, more accessible prenups in-and-of-itself can cause the marriage rate to tick up a bit.
Legal binding financial agreements barely hold up in court this will make many lawyers very wealthy when crunch time comes invalid as soon as children born etc just like on line wills not worth the paper theyre wriitem on lots of lawyer's get rich undoing the damage these things do
This is such a great idea since everything is best online and cost less. Sharks are way out of touch with a online prenuptial
Great idea. Backed up by an experienced lawyer, tech friendly, appeals to all the people getting married in my generation (millennials). I can see why they said it’s too early to invest but soon it’s going to be TOO LATE! This is an ingenious idea. Does this work for Canadians?
I'm sure it would require bringing in Canadian attorneys because the laws are so different, but it's possible. Maybe an entrepreneurial Canadian attorney would wish to partner up with them for expansion.
Owning a niche and being first to mind in prenup space is huge
The Something Wonderful platform was a great idea for Kevin. And he basically got a part of the deal just because of that. It just integrates so well with anything wedding related.
I will definitely use this if/when I get married. I'm a millennial, I want an easy and quick process.
Why do people keep throwing that word around millenials are like 40+ who cares about them
@@privateemail5870 the youngest millennial rn is 25… no one is really getting married before that
@@privateemail5870 about 25 to 40 years old is millenial age group. So they are no doubt the majority who would use this.
@@nestosauce
Bullshit. I know someone getting married & she's 22. I also know people who got married before 22. It happens. Speak facts not bullshit.
don’t get married it’s a scam.
Im really shocked at Robert's responses, isnt he a software guy as well? If this was pitched to me i would've 100% invest in it, its genius and the business owners are so competent in the space.
The fact the brought a dead Kevin back to life is amazing
I hope the tech partner owns a proper and fair amount of equity in this thing.
Kevin's comment "cry me a river" was ffin hilarious
Robert's Mom: I'm giving birth.
Robert: I'm out ...
"If you need a prenup, you need another person to marry"
As far as prenups go, its actually a good invention.
gee they were SO LUCKY. And that Nirav really saved them.
‘I don’t know what a prenup is so for that reason I was out’ - Barbara
I wish Barbara was here… “we just met last”… “ and I’m out” 😂
They're gonna make so much money. And they got the best two sharks for their biz. Awesome.
Prenups rarely hold up in court, let alone in cases where there wasn't independent legal advice...
I don't blame them for wanting another shark. A quarter of your business is a lot for one person to hold. But 2 having 15% is not nearly as worrisome
Methinks there was part of this presentation not included in the broadcast or clips. They mentioned this would print cash at the end, but during the video were trashing them for writing so few actual prenups.
I think this will blow up soon
this is amazing
Correction: The average family lawyer will be able to draft a prenup agreement for you, no need for a divorce lawyer. In fact, any lawyer will be able to draft a basic prenup which would be more than sufficient for the average joe.
Nice but you always have to follow up online to see if the deal actually goes through after a diligence is duly done
LOL, Millennial prenups: You can't have half my grandmother's basement. (And apparently it's actually working, LOL!!!)
I can't imagine the back end security being up to the necessity it needs to be with the amount of capital invested. Even at current updated figures. They are one good pen test away from every aspect of you and your financial situation at someone's hands
What do u mean, can u elaborate
Millennial here. My partner and I are engaged. Unfortunately, neither of us have family leaving us a trillion dollars but financial literacy and responsibility are extremely important to us. We are not rushing down the aisle because we are paying for everything ourselves. We’re now debt free and refuse to accrue any debt to get married. We will absolutely be using Hello Prenup. This is the perfect solution to a huge gap in accessibility to prenups for so many couples. I’m glad the sharks invested and happy they’re doing so well. This service was needed.
I would have invested before they even finished the pitch
I need me someone who looks at me the way Sarabeth was looking at Julia during the end of the video
I think thats actually a great idea
Ironically so simultaneously Exciting & Depressing at the same time!
Man robert looks great for a 60 year old
Nirav Tolia has literally become my favourite shark... Love you Nirav❤️❤️❤️
I think this is a great idea, everyone should have a prenup, it should be normalized to protect your assets while things are good instead of trying to save them when things are bad lol
I don't necessarily think everyone needs one. I think everyone is crazy eager to get one nowadays, but I'd only say one is a great idea if you have significant monetary value or investments over your partner before you marry. I see a prenup as admitting the possibility that you're going to break up before you even marry and that's a sad expectation to go into marriage with, but that's just me. I didn't have one, but statistics show half and half if I remember right so I guess it's up to the person doing the deed.
@@sakume7969 that's a good point, anyone that has assets or will have assets should consider getting one, you'll be glad you have one if your* marriage falls within that 50% or so that end
If you’re going into a marriage with a « these are MY assets alone », that problem should be addressed wayyy before even thinking of getting a prenup
@@sakume7969 People are getting pre-nups due to the high rate of divorce. Also they are a better to have something and not need it than need it and not have it.
@@sakume7969 human life is discontinuous and uncertain.Thats the reason people do life insurance,business insurance ,car insurance ,etc .You don't want your car to crash or get into an accident purposely now do you
Prenuptial's don't have to be expensive or complicated. I just had my husband sign one before we got married. We set the terms with an attorney, had it drafted, and spent $300 for the file / attorney fees.
I thought she said she was a “divorced attorney” instead of a “divorce attorney”
9:20 The makeup on his suit from the hug lol
If you ain’t no chump holler we want prenup we want prenup. It’s something that you need to have. Should have got that insured geiko for your money!!
Hahahah
It's something that you need to have,
'coz when she leave yo a** she gon' leave with half,
18 years, 18 years,
and on her 18th birthday he found out it wasn't HIS?😱
😂😂😂
Nirav saw the true potential in business where no one did...this proves the business model matters more than the numbers
I agree what Nirav said, he really on more steps forwards on seeing what millennials behaviour compared to other sharks
I'm sorry but if i get a PreNup i am MAKING SURE i go through a lawyer and do it correctly. Wont be risking no loophole bs