I always have to google to see how things turned out. In 2019 Bala was estimated at 2.5 million. When the pandemic hit it rose to 25 million and now offer other products. Good for them 2022
This was fascinating to watch. They come in all high-energy and cutesy with their presentation, but when it's time to talk business their tone immediately shifts gears to a cool confidence and razor-sharp specificity that the sharks can immediately feel. There's a lot you can learn from this show not just about business but about communication, power, and human nature.
You know this is like an hour of footage edited down to 10 minutes right? You're only seeing what they want you to see, a tiny fraction of all the non-filler parts. It's a show lol
This was one of the best Shark Tank negotiations in history. Kevin starts with a classic Mr. Wonderful loan offer, then steps back into the role of moderator, helping to guide Maria as she deals with the desperate Daymond and Lori. And the punchline from Mark Cuban when Maria shows who she **really** wants to do a deal with: “I’m listening…you have to be fair to them…”
A surprisingly fair offer from Kevin too, they got to keep 5% of equity in exchange for 7% interest. Based on how the company was growing thats a very tempting trade off, of course that being said the 900k offer and those two sharks is a dream.
This is why I love Kevin! He is just a disciplined investor, follows the rules/values he sets himself and then STICKS to it. Even cooler is this offer from Kevin was actually not a bad deal if they wanted to take on debt and retain equity!
@@honestfriend767 you take on debt as opposed to giving equity if you believe the thing that you are investing on is increasing in value faster than the interest on that debt. And you are confident in your ability to service the interest in the short and medium term. When loan is paid off you'll probably know whether you made a good decision. What is the value of the percentage you would of given up, and what is the value of the amount you paid back including interest.
@@honestfriend767 equity is way more valuable than debt in a profitable company. That’s why these sharks went from 10% to 15% each. See it as this. Every dollar they make the sharks take 15% of it for life. Opposed to getting a loan where you pay it off and now only giving 5 cent per dollar.
@@TheProcrastinator6 right... and it does jack shit for anyone, including women. A barbell and plates will yield results, not this dumb, colorful accessory. Regardless good for them, getting rich off of idiots.
Watch out as you´ll see more companies like this in the future. Each one of them works, it´s just that these creators try to slander the others (eventhough they´re not dropping names) and saying their´s is the best or better, when the real problem is that MOST of them don´t have enough Motivation to see it through.
I don’t understand how they’re selling 2lb weights for $65 🤦🏼♀️ the product really isn’t any more revolutionary than the sand weights that can be much heavier too
I respect Kevin so much. “Let’s hear the other offers!” He doesn’t do the time limit bully technique that Lori and Mark an infamous for when they’re the first to make an offer. Say what you will about him but I don’t think I’ve ever seen him do that.
Am I tripping or have I seen Kevin do exactly that on multiple occasions? It's been a long time since I watched though so can't find a source right now.
@@haydenellis3803 I recently saw a video where Kevin kept reminding the entrepreneur that they have a deal from him, but they seemed hesitant and was listening to the other sharks for a while, and Kevin said he's out. I forgot what pitch it was cause I've been binging a lot of these lol.
@@gokulhemanthkumar4556 understandable lol. Without seeing it, I can’t give much incite but from what you described, it at least sounded better than Lori or Mark going “3… 2…1… I’m out!” But I’ll say, I have seen him let other sharks talk but when negotiations with them failed and the entrepreneur returned to him, he bumped up his asking to gouge them as a penalty of not accepting the deal right away, knowing he’s their last chance at a deal😂
These were the best 2 sharks they could have asked for. Maria for the endorsement and Mark for the tech side. They can implement a smart feature that will track calories since no one will want to wear a watch and these weights at the same time.
Do you know who Maria is lol she's a pro athlete world champion tennis legend she can blow this up on her own without any of the other sharks. What's Lori gonna do dance with they weights on QVC?
I would of taken lori deal and kept 12% equity. But you never know they may of needed the extra 400k to level the books because after they get a deal they go through due diligence to see if the number they said was real. But yh lori actually puts in work mark cuban would be hard to get time from him maybe a phone call a week he's a billionaire after all lori will help you build the company look what she's done to a sponge.
@@critie they literally said they need someone to market it and actively sale it. Maria was very honest in asking if that is what they want her for, being the face of the product as she is one of the most famous female athletes ever. They clearly wanted her because she can market it. Also she said she is not going in just as the face she wants to do more work than that and that is why she wanted more percentage. They would have been dumb to go with Lori they would make much more with Mark and Maria and they did. Check their sales they got to 15 million the next year.
Maria showed her lack of ability in this field by that initial offer. She valued the company at 667k and ended up agreeing on 3000k Either that or she deliberately tried to “scam” them
@@lorebreaker4970 I highly doubt she meant 30% for just her $200K, but rather for the $400K of her and whoever her partner would be. No way she would expect them to give up 60% of their company.
These entrepreneurs pulled off three very rare feats: Bidding war, no loss in valuation, AND a bigger investment than they initially asked for. The first one kinda feeds into the latter two, but still very impressive.
@@ccggenius true that. But it's very rare for the pitcher to get actually their Original ask. Because the sharks have the habit of reducing the value because of the higher equity they demand, adding their shark Premium to the original ask
I feel like Maria took advantage of the fact they straight up told her they would love a deal with her. Reason she jumped right to 30%. They showed too much interest in her.
That's business. Never show an investor how willingly you want to do business with them. If they are seasoned, they will see it as an invitation to bite more than you are willing to chew.
I think she lead them to that, she asks them a question (when she understand they knew it's something that she have invested in) so she asked " why you need specifcily me in this business?
Maria Sharapova being a spokesperson for this product is huge, and she asked for much more equity. Of course they'll fight to partner up. Having her behind the brand is already half the battle. And money isn't a problem for Mark.
Sharapova is exactly the model for their target market, as the woman-entrepreneur said - a beautiful woman who was a successful, athletic symbol and is now turning into a successful businesswoman (supposedly) and has money to spend on her yoga. And they sell at Nordstrom and Bloomingdales, so they don't mind that sharapova hasn't been relevant in tennis since 2010. They aim at 30 something women with income and a certain fashion taste.
@@AustinMichael She maybe washed but she's still probably the most famous female tennis player in the world behind (or with Serena Williams). People who have never played tennis no her.
And the target market is closer to Maria's age (I looked it up, she's 34). She's athletic, very fit, but not muscle bound. She also has an international presence and will probably do the ads as part of her equity ("free" spokesperson), so they're saving money right there. As Rotunda said, she targets women (and men) with fashion and fitness on their minds in equal parts.
I worked at Dicks Sporting Goods & I always wondered where those bala weights came from because they were selling like crazy in the store. They made the right move because its still going strong as ever.
I realized that every time an entrepreneur in any shark tank mentions which investor they want, the chosen investor ALWAYS asks for extra equity. They really ARE sharks lol.
I'm so surprised Kevin just wanted to give a loan out and not take more equity or even royalty because this company was clearly doing very well. Then I was surprised at the others for valuing the company down to about their profit for the year. Glad they pulled it back up to 3M
I never knew this was a shark tank product. I’ve seen every influencer using bala bangles. I’m so happy they were successful and have a lovely company.
@@zoogie980 true, the editors are amazing at summarizing and creating the narrative of the pitches to a 10 minute pitch. I heard an interview from the sharks here also on yt that most pitches last for at least an hour.
There are _hundreds_ of different types for wearable weights. Especially ankle/wrist weights. Lol I’m shocked they were fighting over this idea & yet they weren’t interested in pitches like the ring door bell for example (& a bunch of other great ideas I’ve seen pitched on this show that they ended up passing on)… I bet they were kicking themselves after seeing how successful “ring” became lol These weights are nice looking tho, especially when compared to other weights on the market, so I guess that’s the appeal. Edit: (Guys lol it’s not that deep. I was just surprised that the sharks jumped on this yet they’ve passed on so many other great pitches)
Exactly what I thought. I feel that when they start to get a return on their investment, the copy cats would diminish their market share. What some billionaires investing in is so interesting. I think I would of invested in Ringx and not so much this.
I love Kevin’s offers… keep almost my whole company and basically taking a low/standard interest loan from a bank who will act as an ambassador and put me in touch with people that will increase my product line. But you can see why they took the offer in the end as well
Sometimes Kevin's offers are a rip off but this one I feel was really good in the long-term for the reasons you just said. Business was good, on course for great success and no problems, just need some capital and a bit of guidance. But they opted for Mark and Maria because they wanted to see it fly to the moon faster, and fair enough. In the end they're still a great success.
@@TrueGuardifyUsually the ones that seem like a ripoff are because no one else went in. He throws them a lifeline with some cash flow for himself in the very real chance the business fails.
Honestly, it's a brilliant idea and a reasonable price, I can see myself using the product and am getting back into fitness. All around good deal. Love how this one turned out.
The pitch coming in with the 80's workout group was hilarious! I love how all the sharks in this episode wanted to make a deal for a piece of the pie with the Bala Bangles. They made a lot of money off of this product! I'm happy for them. There's a new product coming out to get in shape constantly. People buy the product and get sick of it fast, and it lands up in the back of a closet. So many exercise products I have around my house.
I think people often overvalue Mark because he is the "coolest" shark on the panel. Don't get me wrong they'd all be great to work with, but I think Lori and Maria would've been better for this product specifically than Mark and Maria
Mark owns sports teams, Maria is one of the most famous athletes of all time, and the product is exercise equipment. They would have been dumb to not go with Mark and Maria. Good thing they did too. Their business grew 10x the next year from 2m to 25m
I'm a tennis fan. I had no idea Sharapova had such business savvy. Kudos to the entrepeneurs for not getting too greedy and seeing the potential of how Sharapova's name can take them global.
Honestly I like watching this show because each Shark has his/her own strength in their personality. Watching them behave in general is fascinating if you can sort through the bad traits and pick up their good traits. One thing I noticed they have in common is they are very good communicators because they are confident, informed and reply to what the other person has said instead of committing to a rant.
They could have asked for 3 sharks and included Lori in the deal. Each shark invest $300k for 10% each. Sometimes it goes so fast that it looks like they don't take the time to really think about all options.
The problem is although 3 investors would mean higher inventory chances that's also triple the equity demanded back at a so and so stake and that can either make or break a product. Sometimes it's best to have a solo sponsor. Although you have 3 sponsors if the product flounders down you risked 3 debts instead of one. They may make it look innocent on these TV shows but the reality is you can go bankrupt quick and these people want their money back and will sue you into bankruptcy if needed so be careful with your options. From what I hear Kevin is like the only guy to visit his investors and see how they're doing. He's probably the best guy then for them to get a better start in a grey - area product like this.
More is not always better. Between Mark and Maria why would they need anyone else. Mark said it very well in the clip, Maria is a global icon AND she was an athlete which gives the brand instant credibility. With her as the face of the product and Mark lending his tech expertise that's all they need.
Ah screw it. I'll start a go fund me account for my coin collection investment. Maybe people WOULD help out and it's not like I'm looking to have paid trips to the Bahamas etc. Simply saving and investing into my coin dealer idea myself but extra help would make it easier and want to contribute to economy with something I enjoy. Yes I have educated myself and know what I'm doing with coins. Especially love penny stocks and nice looking collectible worthy pennies 🤗🤗🤗 This won't make you a billionaire unless you decide to invest in another kind of good investment or two but it can make you retire a multi millionaire and that's fine by me.
Lori kept saying “don’t let him take you away from me” “Snakes” when Maria hadn’t expressed any interest in working with her in the first place 😂 Maria’s eye roll said at 7:46 🤣
I would've taken Lori's, she's an expert in retail and could offer them so many contacts and locations, plus she gave them 100k more than they asked for for only 8% more whereas Mark and Maria offered 600k for 20% more which was barely double the investment but triple the stake. Simple math shows they chose the wrong sharks...
You forgot the most important part in your equation; marketing. They have no issue with location or contacts, but having these two sharks to be the face of their SPORT product is a huge boost.
1 post on Maria's Instagram can cost you hundreds of thousands if not millions. I think they're very smart to go after her. Mark knew it too as the Mav's owner
I desperate the right word? I think excitement is more appropriate. None of them are desperate for money...so...Do you still feel desperate is the right word here? Just curious. I know it's been a week since you viewed this. So it isn't so relevant to you anymore.
So many episodes the Sharks say, “you’re not a company, you’re a product and for that reason I’m going out” yet here I see exactly that yet they all wanted in. 🤷♂️
What’s cool to me is that these are grown adults and fairly big companies, yet the story is exactly the same that we learned in middle school when we had to do projects making start up companies. I think that’s so cool. And honestly, it’s never going to change. There are going to be trends and adaptations to the model. But it’s always going to be all about the cost of something and what you can sell it for, distribution, inventory, and marketing. Plain and simple. And actually that’s kind of comforting. Pretty awesome.
I do find Shark Tank interesting. To make it more interesting on an aging show, they start having "guest" sharks. When they do it, they always have one specific investment to target their interest. It happened with Kendra Scott who literally had an exact match come on the show which she bid and won, and here they did it again with Natalie Holloway and this investment. You can see it happen before they get into the pitch because when they mention the topic the guest shark gets involved almost immediately, as it happened here.
@@KV-db9gw No, but it is obviously set up to get an almost automatic "yes" from the guest shark because they find a near exact match to their background.
@Kerry Smith Yes, very unfortunate. She got this investment, did something with it, disappeared in Aruba - and in 2017 her remains were found after disappearing in 2005. Very horrible ending for this story.
Beautiful move on all parts, but especially the "founders" ... this is a product that can be found in China and in other markets... for example, Turkey, where I am right now traveling... this exact product is available on a well known e-commerce site here, but it is not branded... this is the difference between branding and just "selling" or drop shipping. Awesome coup!
Why is the founder wearing a suit jacket with a weird gym tights under it! That's cringe? And she thinks 1 person will be enough to.promote this crap 1 lb weights ? Lol
And “bala explode” maria did. From $2M to $20M. She is the bala girl. Sharapova even went as far as gifting bala bangles to other big tennis players(this is important because she has reputation of being aloof and distant. She doesn’t have many friends on tennis field). This also brought huge numbers coz i saw bala product on those big players’ instas too. Well done
Honestly those 2 big offers were great, but personally I would’ve structured that 900K 30% deal with Lori and Maria because not only would they be able to market it, sell the hell out of this product and keep up with inventory, but their connections to other big box consumers would’ve been HUGE!! In my mind a complete packaged deal!
Everyone talking about what a great deal the couple got (true and well deserved), but no one is talking about how Mark and Maria made 566% ROI in two years. EACH! You can't even make that in Vegas...
Kevin had the best offer. Maria’s initial offer was probably the worst/unfair offer I’ve seen in a while. The entrepreneurs totally undervalued their company.
im not sure if kevin wouldve helped scale the company as much as mark and maria did but his offer made most sense to me. once you pay off that little debt of 400k all you have to give up is 5% of your company to him. now you have to give up 6x that and youre worth millions now
This is no different than weight gear in Dragon Ball which was from the 80s. The concept of heavy shoes, wristbands etc. so yes you are correct this concept has been going on for decades.
They’re selling the aesthetic and comfort more than anything. If you don’t care about that, there are cheaper options everywhere, but if you do, there’s def a market for them.
this deal shouldve been with lori and daymond they were perfect for it one into sports and the other the queen of qvc garantee they woulldve sold millions of dollars hands down..
O hell no. Anytime Lori has made a deal with someone, the quality of the product has gone down & it ends up mediocre at the very best. Mr. Wonderful, Robert & Mark are the sharks to make a deal with. No one else.
It's seems you have been living under a rock all these years. Offline stores are slowly dying. Online is the way to go. And influencers are where it's at
Mark Cuban owns and NBA team full of pro athletes and Maria Sharapova is a world champion tennis player. I would've 100% chose them over someone who is "into sports" or parades products on QVC.
I watched this whole thing completely clueless of what they were discussing. I don't know anything about investments, and loans, or whatnot, but I still enjoyed it.
This was brilliant all around. So happy for them! As a longtime tennis fan, I love Maria and I love that she's a part of this! Serena has started up her VC firm so I hope she comes in to Shark Tank at some point as well, that would be amazing!
Wow! Having maria sharapova as a business partner is a huge huge success.. All i can say is wow.... The product perfectly fits with maria.. Wow... These couple ganna be a multi millionare
There is some rumours that says Barbara called the studio to say she’s out.
Always looking for these Barbara jokes 😂😂
they get old...
Are* Plural
This isn’t funny but it’s hilarious
😂😂
I love how comfortably Lori can call the other two shark “snakes” 🐍 haha love her
she is also a snake lol the amount of times she has thrown a partner under the bus to get a solo deal is way too many to count
@@ShawnFX HAHAHA tbh... they are *ALL* snakes!!!!!
I think a Maria Lori deal would've been the best deal tbh .....
But mark is at least big in fitness as well
@@tiffanylastinger3925 Maria was a perfect candidate for sure!!
@@ch0idaniel that’s why they’re rich lol
I always have to google to see how things turned out. In 2019 Bala was estimated at 2.5 million. When the pandemic hit it rose to 25 million and now offer other products. Good for them
2022
Covid did wonders for the at home workout space. That’s just amazing for them!
@@maryhough8041
It’s true. As devastating as it was for most business, some soared.
Yeah i saw them all over wellness blogs and aesthetic/lifestyle blogers
Omg wow
For wrist and ankle weights, jesus
Kevins willingness and ability to step into the role of moderator is SOOO underrated.
The show probably makes him do it
He makes the tank what it is
The show doesn't make him do offers he don't want to do
Yeah it wouldn’t be the same without Kevin
Probably why he sits the middle
This was fascinating to watch. They come in all high-energy and cutesy with their presentation, but when it's time to talk business their tone immediately shifts gears to a cool confidence and razor-sharp specificity that the sharks can immediately feel. There's a lot you can learn from this show not just about business but about communication, power, and human nature.
Good observation
This comment made me rewatch
I agree it was instantly felt
You know this is like an hour of footage edited down to 10 minutes right? You're only seeing what they want you to see, a tiny fraction of all the non-filler parts. It's a show lol
If they actually included the entire full pitch/negotiation it would be mind numbingly boring to watch
This was one of the best Shark Tank negotiations in history.
Kevin starts with a classic Mr. Wonderful loan offer, then steps back into the role of moderator, helping to guide Maria as she deals with the desperate Daymond and Lori.
And the punchline from Mark Cuban when Maria shows who she **really** wants to do a deal with: “I’m listening…you have to be fair to them…”
A surprisingly fair offer from Kevin too, they got to keep 5% of equity in exchange for 7% interest. Based on how the company was growing thats a very tempting trade off, of course that being said the 900k offer and those two sharks is a dream.
This is why I love Kevin! He is just a disciplined investor, follows the rules/values he sets himself and then STICKS to it. Even cooler is this offer from Kevin was actually not a bad deal if they wanted to take on debt and retain equity!
@@antoinewood2478 why would anyone want to take on debt?
@@honestfriend767 you take on debt as opposed to giving equity if you believe the thing that you are investing on is increasing in value faster than the interest on that debt. And you are confident in your ability to service the interest in the short and medium term. When loan is paid off you'll probably know whether you made a good decision. What is the value of the percentage you would of given up, and what is the value of the amount you paid back including interest.
@@honestfriend767 equity is way more valuable than debt in a profitable company. That’s why these sharks went from 10% to 15% each. See it as this. Every dollar they make the sharks take 15% of it for life. Opposed to getting a loan where you pay it off and now only giving 5 cent per dollar.
Their company grew 10x after the pandemic. From 2M to 20M sales!
“Nobody ever went broke underestimating stupid people.” George Carlin
Trash product. Getting ripped with 2 lbs ankle bracelets….
@@Luka23567 they're clearly targeted at women who use very light weights
@@TheProcrastinator6 right... and it does jack shit for anyone, including women. A barbell and plates will yield results, not this dumb, colorful accessory. Regardless good for them, getting rich off of idiots.
i hope it did with the investments and 2 sharks. i would had expected it to grow more
@@Luka23567 have you ever eaten food because it tasted good, not because it was good for you? It's the same thing. Quit picking on other people man.
I’m happy for the couple. They have a great product, were smart, did their homework, and played the sharks at their own game. Bravo.
I want this with my life 🥴 it sounds amazing
Watch out as you´ll see more companies like this in the future. Each one of them works, it´s just that these creators try to slander the others (eventhough they´re not dropping names) and saying their´s is the best or better, when the real problem is that MOST of them don´t have enough Motivation to see it through.
When they were whispering between the two, the sharks got visibly anxious lol
@@just4interest996 the whispering was cute
I don’t understand how they’re selling 2lb weights for $65 🤦🏼♀️ the product really isn’t any more revolutionary than the sand weights that can be much heavier too
I respect Kevin so much. “Let’s hear the other offers!” He doesn’t do the time limit bully technique that Lori and Mark an infamous for when they’re the first to make an offer. Say what you will about him but I don’t think I’ve ever seen him do that.
Am I tripping or have I seen Kevin do exactly that on multiple occasions? It's been a long time since I watched though so can't find a source right now.
@@gokulhemanthkumar4556 I could be wrong but I don’t think I’ve ever seen him start counting down at an entrepreneur to get a deal.
@@haydenellis3803 I recently saw a video where Kevin kept reminding the entrepreneur that they have a deal from him, but they seemed hesitant and was listening to the other sharks for a while, and Kevin said he's out. I forgot what pitch it was cause I've been binging a lot of these lol.
@@gokulhemanthkumar4556 understandable lol. Without seeing it, I can’t give much incite but from what you described, it at least sounded better than Lori or Mark going “3… 2…1… I’m out!”
But I’ll say, I have seen him let other sharks talk but when negotiations with them failed and the entrepreneur returned to him, he bumped up his asking to gouge them as a penalty of not accepting the deal right away, knowing he’s their last chance at a deal😂
@@haydenellis3803 Kevin really is my favourite shark. He's straight to the point and brutally honest. We can learn so much from him.
👍😂@8:48 “Snakes in the grass” - that was one of my mom’s favorite sayings. She used to say it all of the time. RIP mommy.😭💝
"you have to be fair to them first and foremost" also "you have 2 seconds to say yes" - mark cuban
@@adamj3977 facts. I mean how much is his time worth
Was just about say that.
Indecisiveness is Paramount to good business.
Lol yeah...
It's not personal it's business.
These were the best 2 sharks they could have asked for. Maria for the endorsement and Mark for the tech side. They can implement a smart feature that will track calories since no one will want to wear a watch and these weights at the same time.
yes but if they wanted it to go big immediately, Lori would be nice but yeah Mark and Maria together would be best for the advancement.
You lost your potential shark tank idea LoL
@@GoFlyFeetOnGround lol fr , you just lost your episode🤣
Don’t forget mark owns an NBA team
As a Bala and smart watch user I totally agree with this suggestion!!!
I would have taken that deal with Lori in a heartbeat, she’s amazing and has character. They gave up 12% for the sneaky ones.
15 million In sales though look it up
Do you know who Maria is lol she's a pro athlete world champion tennis legend she can blow this up on her own without any of the other sharks. What's Lori gonna do dance with they weights on QVC?
Nah you'll benefit bigger of you accept mark and marias its a good offer
I would of taken lori deal and kept 12% equity. But you never know they may of needed the extra 400k to level the books because after they get a deal they go through due diligence to see if the number they said was real. But yh lori actually puts in work mark cuban would be hard to get time from him maybe a phone call a week he's a billionaire after all lori will help you build the company look what she's done to a sponge.
@@critie they literally said they need someone to market it and actively sale it. Maria was very honest in asking if that is what they want her for, being the face of the product as she is one of the most famous female athletes ever. They clearly wanted her because she can market it. Also she said she is not going in just as the face she wants to do more work than that and that is why she wanted more percentage. They would have been dumb to go with Lori they would make much more with Mark and Maria and they did. Check their sales they got to 15 million the next year.
Maria played this just like she played tennis. Very focused on what her mission was and wasn't there to make friends. Love it.
Maria showed her lack of ability in this field by that initial offer. She valued the company at 667k and ended up agreeing on 3000k
Either that or she deliberately tried to “scam” them
@@lorebreaker4970I think she was low-balling them, viciously so. She definitely seems like she has business experience.
@@lorebreaker4970 I highly doubt she meant 30% for just her $200K, but rather for the $400K of her and whoever her partner would be. No way she would expect them to give up 60% of their company.
Without the grunting
I like how Kevin always recaps what’s happening like he’s hosting the show
And I love that he’s in the middle seat to do it.
the producers gave him that role
These entrepreneurs pulled off three very rare feats: Bidding war, no loss in valuation, AND a bigger investment than they initially asked for. The first one kinda feeds into the latter two, but still very impressive.
"No loss in valuation"? They came in with a $4 million valuation and got talked down a full 25%.
@@ccggenius huh
@@ccggenius true that. But it's very rare for the pitcher to get actually their Original ask. Because the sharks have the habit of reducing the value because of the higher equity they demand, adding their shark Premium to the original ask
Yep and they got what they planned for.
Even more rare, Mark was listening.
I feel like Maria took advantage of the fact they straight up told her they would love a deal with her. Reason she jumped right to 30%. They showed too much interest in her.
That's business. Never show an investor how willingly you want to do business with them. If they are seasoned, they will see it as an invitation to bite more than you are willing to chew.
she's a leech. overpaid.
I think she lead them to that, she asks them a question (when she understand they knew it's something that she have invested in) so she asked " why you need specifcily me in this business?
I mean she literally gets probably a few hundred K for being a spokesperson for a brand. This is what she was asking for.
Maria Sharapova being a spokesperson for this product is huge, and she asked for much more equity. Of course they'll fight to partner up. Having her behind the brand is already half the battle. And money isn't a problem for Mark.
Maria Sharapova is washed. That might have mattered if this happened in 2010 but not anymore.
Wtf that's Maria Sharapova 😲
She is a businesswomen now
Sharapova is exactly the model for their target market, as the woman-entrepreneur said - a beautiful woman who was a successful, athletic symbol and is now turning into a successful businesswoman (supposedly) and has money to spend on her yoga. And they sell at Nordstrom and Bloomingdales, so they don't mind that sharapova hasn't been relevant in tennis since 2010. They aim at 30 something women with income and a certain fashion taste.
@@AustinMichael She maybe washed but she's still probably the most famous female tennis player in the world behind (or with Serena Williams). People who have never played tennis no her.
And the target market is closer to Maria's age (I looked it up, she's 34). She's athletic, very fit, but not muscle bound. She also has an international presence and will probably do the ads as part of her equity ("free" spokesperson), so they're saving money right there. As Rotunda said, she targets women (and men) with fashion and fitness on their minds in equal parts.
The way Kevin moderates even with his own deal on the table, really shows he is the superior business person.
I have a feeling he knows if the business owners are gonna take his deal as soon as he offers. So he helps out with getting them a clearer picture.
His deal made the most sense to me.
The show probably makes him do it
I think he just helps the producers, you’ll see him restate the deals after a commercial so the viewers know and stuff like that
Kevin ... ALLOWS other Sharks to make an offer ... "Let's hear what the other's have to say!" (as opposed to "Make A Decision Now With Me!")
I worked at Dicks Sporting Goods & I always wondered where those bala weights came from because they were selling like crazy in the store. They made the right move because its still going strong as ever.
I realized that every time an entrepreneur in any shark tank mentions which investor they want, the chosen investor ALWAYS asks for extra equity. They really ARE sharks lol.
I'm so surprised Kevin just wanted to give a loan out and not take more equity or even royalty because this company was clearly doing very well. Then I was surprised at the others for valuing the company down to about their profit for the year. Glad they pulled it back up to 3M
see his scandal lmao
@@agungokill what was the scandal?
To me it makes a lot of sense because in reality they don't need help just capital
@@tiffanylastinger3925 absolutely. He doesn't have to do ANY work, other than loan capital and would still get 5% equity
@@agungokill what scandal?
"Susan hold my calls!" *epic jump* 😂😂😂
Hilarious 😂
The way that Kevin always randomly narrates the present without anyone asking is so god damned funny to me. “What’re you gonna do?”
I love Kevin for how comfortable he is with every entrepreneur to consider other offers too after giving his offer
Definitely one of the most fun and well-delivered pitches I've seen on this show! Loved it!
Hey, congrats on passing Step 1!
All credits to Gai and Lee from Naruto!
one piece is better than Naruto
these Bala bangles could easily defeat gaara
OG Dragon Ball also
@@rabikhan589 I agree , but a little unnecessary bro
*NANI*
By the end of 2020, Bala grew by 10x, wrapping the year with $20 million in revenue.
Wow
I never knew this was a shark tank product. I’ve seen every influencer using bala bangles. I’m so happy they were successful and have a lovely company.
How do you type the word 'influencer' unironically
@@howtoliveonearthYT lmao right?
@@howtoliveonearthYT I bet you knew exactly the type of people she was talking about with "influencer" though.
@@howtoliveonearthYTI miss the good ol' days of "content creators"
@@venz8201 I miss authors and journalist
i love how kevin tells them good advice on keeping more equity because there is almost definite prosper in there company
8:48 Me looking at Lori's note. The amount of content on that paper tells a lot about being a shark. It's not just talk, serious business discussion.
Apparently these pitches can be several hours long so they must be taking lots of notes.
Yup, its a lot more technical than what is portrayed in the show.
@@zoogie980 true, the editors are amazing at summarizing and creating the narrative of the pitches to a 10 minute pitch. I heard an interview from the sharks here also on yt that most pitches last for at least an hour.
She's doodling
Oh I'm sure they cut it down because how can they structure a deal so fast..
There are _hundreds_ of different types for wearable weights. Especially ankle/wrist weights. Lol I’m shocked they were fighting over this idea & yet they weren’t interested in pitches like the ring door bell for example (& a bunch of other great ideas I’ve seen pitched on this show that they ended up passing on)… I bet they were kicking themselves after seeing how successful “ring” became lol
These weights are nice looking tho, especially when compared to other weights on the market, so I guess that’s the appeal.
Edit:
(Guys lol it’s not that deep. I was just surprised that the sharks jumped on this yet they’ve passed on so many other great pitches)
Numbers of company better
Exactly what I thought. I feel that when they start to get a return on their investment, the copy cats would diminish their market share. What some billionaires investing in is so interesting. I think I would of invested in Ringx and not so much this.
Well it’s easy to say you would’ve invested in ring now
Cuz their company is worth millions and obviously people are buying it
And literally almost everyone has a ring doorbell now
Mark is awesome....he is always quiet and patient....and best of all...he listens.
I love Kevin’s offers… keep almost my whole company and basically taking a low/standard interest loan from a bank who will act as an ambassador and put me in touch with people that will increase my product line. But you can see why they took the offer in the end as well
Sometimes Kevin's offers are a rip off but this one I feel was really good in the long-term for the reasons you just said. Business was good, on course for great success and no problems, just need some capital and a bit of guidance. But they opted for Mark and Maria because they wanted to see it fly to the moon faster, and fair enough. In the end they're still a great success.
@@TrueGuardifyUsually the ones that seem like a ripoff are because no one else went in. He throws them a lifeline with some cash flow for himself in the very real chance the business fails.
Honestly, it's a brilliant idea and a reasonable price, I can see myself using the product and am getting back into fitness. All around good deal. Love how this one turned out.
Barbara: Did someone say there are snakes in the grass? I'm out.
As a designer, I love the minimalism aesthetic.
Im not a designer but I was thinking the same thing. Imagine if they did an apple watch design or weighted vests/jackets.
It's very appealing when you think about the bean bag style weights that have been around 😂
I love Mark’s atitude to be “FAIR”, he deserves to be a billionaire! 🙏🏻
Everyone deserves to be a billionaire
@@maxschmidt666 why’s that?
@@venogreedo6103 Why not?
@@maxschmidt666 if everyone was a billionaire there would be no billionaires
@@zachychu9675 That is - by definition - false.
The pitch coming in with the 80's workout group was hilarious!
I love how all the sharks in this episode wanted to make a deal for a piece of the pie with the Bala Bangles. They made a lot of money off of this product! I'm happy for them.
There's a new product coming out to get in shape constantly. People buy the product and get sick of it fast, and it lands up in the back of a closet.
So many exercise products I have around my house.
The pain in Lori's and Daymond's eyes when Mark started to get involved. It must be very agonizing for them to be very rich, just not rich enough.
Mark scares them
Everything about this from the product, company, down to the very deal was absolutely fantastic!!
The branding and the logo is quite cool.
@The Big Gun Shorts okay what piss for Brains
They're already making 1.2million sales, what do you think
But damn the pitch was so cringe
I think people often overvalue Mark because he is the "coolest" shark on the panel. Don't get me wrong they'd all be great to work with, but I think Lori and Maria would've been better for this product specifically than Mark and Maria
lol you're wrong.
mostly cause he's a billionaire
Mark owns sports teams, Maria is one of the most famous athletes of all time, and the product is exercise equipment. They would have been dumb to not go with Mark and Maria. Good thing they did too. Their business grew 10x the next year from 2m to 25m
@@AFCompany you get it. Mark has connections in that world that Lori doesn't
He ramped up the “$400,000” request at the beginning like they were winning a chance to give it to them.
I'm a tennis fan. I had no idea Sharapova had such business savvy. Kudos to the entrepeneurs for not getting too greedy and seeing the potential of how Sharapova's name can take them global.
For the last few years of her career she was much more focused on the indorsments side of it, you gain a lot of experience from it.
she retired from sports so the next big thing is investing
Serena Williams retired her.
Honestly I like watching this show because each Shark has his/her own strength in their personality. Watching them behave in general is fascinating if you can sort through the bad traits and pick up their good traits. One thing I noticed they have in common is they are very good communicators because they are confident, informed and reply to what the other person has said instead of committing to a rant.
I never seen all five of you fight over one deal. Loved it
ABC: I'm going to post this short clip to TH-cam and get a bunch of hits."
Sony Pictures: "Hold my beer while I post the whole segment."
lori: SNAKES in the GRASS!!
me: alternate universe shark tank
Wow, Maria looks so tall even next to Mark! And I love watching all 5 sharks fight over a company!
Brutal how Maria went to Mark, ignoring 2 other sharks wanting to be the partner. One of the funnier episodes.
Lory "Snake in the grass" when she has the key 🔑 she offers and always does the "imma make you an offer but I need a yes right now"
Mark just has too much power, you can tell she respects him alot.
They're business rivals and alot of what comes out of their mouths is hypocritical and they even know this. It's deliberate and rivalry
They could have asked for 3 sharks and included Lori in the deal. Each shark invest $300k for 10% each. Sometimes it goes so fast that it looks like they don't take the time to really think about all options.
Mark Cuban said it can be up to 2 hours of them negotiating
The problem is although 3 investors would mean higher inventory chances that's also triple the equity demanded back at a so and so stake and that can either make or break a product. Sometimes it's best to have a solo sponsor. Although you have 3 sponsors if the product flounders down you risked 3 debts instead of one. They may make it look innocent on these TV shows but the reality is you can go bankrupt quick and these people want their money back and will sue you into bankruptcy if needed so be careful with your options. From what I hear Kevin is like the only guy to visit his investors and see how they're doing. He's probably the best guy then for them to get a better start in a grey - area product like this.
10 percent for anyone shark wouldn't have been enough. Specially if one is going to invest more time as in Maria being a spokesperson
More is not always better. Between Mark and Maria why would they need anyone else. Mark said it very well in the clip, Maria is a global icon AND she was an athlete which gives the brand instant credibility. With her as the face of the product and Mark lending his tech expertise that's all they need.
Ah screw it. I'll start a go fund me account for my coin collection investment. Maybe people WOULD help out and it's not like I'm looking to have paid trips to the Bahamas etc. Simply saving and investing into my coin dealer idea myself but extra help would make it easier and want to contribute to economy with something I enjoy. Yes I have educated myself and know what I'm doing with coins. Especially love penny stocks and nice looking collectible worthy pennies 🤗🤗🤗 This won't make you a billionaire unless you decide to invest in another kind of good investment or two but it can make you retire a multi millionaire and that's fine by me.
Man ‘Mark’ is such a great man, he doesn’t wanna eat but build up a business.
Mark always offers exactly what they contestants want and gets the deal🤣 So simple
Lori kept saying “don’t let him take you away from me” “Snakes” when Maria hadn’t expressed any interest in working with her in the first place 😂 Maria’s eye roll said at 7:46 🤣
Mark Cuban is THE business 'deal maker' 😁 he knows when to listen and he knows when to make deals. Sharks eating each other for this amazing product 😂
He is the Most richest of all of them. I thinks he’s around 3 or 4 Billions already.....
@@Gatokaputto o
basically he read the art of the deal
I think Cuban is also super immersive and helps a lot in the businesses he invests in.
Lori is a contender in that title tho, Even tho Mark is richer but Lori has the most succest in products success.
I would've taken Lori's, she's an expert in retail and could offer them so many contacts and locations, plus she gave them 100k more than they asked for for only 8% more whereas Mark and Maria offered 600k for 20% more which was barely double the investment but triple the stake. Simple math shows they chose the wrong sharks...
The math you got is true but they stated they weren't after Maria for math, they specifically wanted Maria for being the baller of spokespersons.
Actually they offered $900k
You forgot the most important part in your equation; marketing. They have no issue with location or contacts, but having these two sharks to be the face of their SPORT product is a huge boost.
1 post on Maria's Instagram can cost you hundreds of thousands if not millions. I think they're very smart to go after her. Mark knew it too as the Mav's owner
She asked for 18%
What makes them arguing better is that they still have the weights on their arms 🤣
Lori offered a good deal, but having Maria Sharipova endorse your workout product along with the owner of an nba team has value for sure
They presented it so well, they gave all the information needed
I love how desperate the sharks were in this episode😂😂😂
I desperate the right word? I think excitement is more appropriate. None of them are desperate for money...so...Do you still feel desperate is the right word here? Just curious. I know it's been a week since you viewed this. So it isn't so relevant to you anymore.
They just all saw a good opportunity here, so they all competed a bit more for the partnership.
Lol cuz they want this product and it’s so good
So many episodes the Sharks say, “you’re not a company, you’re a product and for that reason I’m going out” yet here I see exactly that yet they all wanted in. 🤷♂️
Sooo truue
1.2 million is all they see.
Cause its an amazing product
@@raydinplasencio2698 1.2mil is a proof of concept
@@emmanuelcrown5851 what makes it amazing?
The bangles aren't that heavy but I liked that they now have 25lbs rings and beams. The beam is amazing. Just got mine on sale from $125 to $85 ish.
Man the timing for this pitch couldnt be better. Right before the pandemic broke out and everyone was looking for home gym equipment
I love how these Barbra I’m out jokes have continued for like almost a decade even when she’s not in the show Lmaooo
Cuban's phone rings. Barbara: tell them I'm out.
🤣🤣🤣
Barbara: “This is amazing product and would help me out with my personal fitness and life...
…And for that reason, I’m out”
Maria is a real shark, talk about controlling the situation, very impressing!
One of the most flawless pitches I've ever seen: fun demo, samples, talk about product, smooth transition to business, counter offer, quick acceptance
What’s cool to me is that these are grown adults and fairly big companies, yet the story is exactly the same that we learned in middle school when we had to do projects making start up companies. I think that’s so cool. And honestly, it’s never going to change. There are going to be trends and adaptations to the model. But it’s always going to be all about the cost of something and what you can sell it for, distribution, inventory, and marketing. Plain and simple. And actually that’s kind of comforting. Pretty awesome.
I do find Shark Tank interesting. To make it more interesting on an aging show, they start having "guest" sharks. When they do it, they always have one specific investment to target their interest. It happened with Kendra Scott who literally had an exact match come on the show which she bid and won, and here they did it again with Natalie Holloway and this investment. You can see it happen before they get into the pitch because when they mention the topic the guest shark gets involved almost immediately, as it happened here.
So is it scripted then?
@@KV-db9gw No, but it is obviously set up to get an almost automatic "yes" from the guest shark because they find a near exact match to their background.
@Kerry Smith Yes, very unfortunate. She got this investment, did something with it, disappeared in Aruba - and in 2017 her remains were found after disappearing in 2005. Very horrible ending for this story.
Beautiful move on all parts, but especially the "founders" ... this is a product that can be found in China and in other markets... for example, Turkey, where I am right now traveling... this exact product is available on a well known e-commerce site here, but it is not branded... this is the difference between branding and just "selling" or drop shipping. Awesome coup!
bingo
Why is the founder wearing a suit jacket with a weird gym tights under it! That's cringe? And she thinks 1 person will be enough to.promote this crap 1 lb weights ? Lol
@@KenDotCom g. V v v vvk b
I'm glad these two got a good deal. Their product was very impressive.
How is this impressive? Wrist and ankle weights have existed for decades
@@garbygarb31I was confused when tehys aid it was the "first wearable weight"...thought I was losing my mind
And “bala explode” maria did. From $2M to $20M. She is the bala girl. Sharapova even went as far as gifting bala bangles to other big tennis players(this is important because she has reputation of being aloof and distant. She doesn’t have many friends on tennis field). This also brought huge numbers coz i saw bala product on those big players’ instas too. Well done
Honestly those 2 big offers were great, but personally I would’ve structured that 900K 30% deal with Lori and Maria because not only would they be able to market it, sell the hell out of this product and keep up with inventory, but their connections to other big box consumers would’ve been HUGE!! In my mind a complete packaged deal!
I concur. Lori and Maria combo for this product would have been better.
Mark cuban owns a basketball team. And can call any professional athlete in the usa to wear them!! Professional athletes will give more credibility!!!
I mean not wrong with that either.
Lori & Daymond: Maria, Maria!!!
Maria: Mark...???
😂😂
😃😃
Kevin so smart. He knew mark and maria had the advantage on closing the deal so he went 5% in them. Lol. Next level play there.
@@MetteC5 it didn't but it shows he's different from the rest on the panel .. and why he is a freaking billionaire.
@@Mel_Shinoda how?
@@MetteC5 yeah how? I am confused.
Lori always wants to sneak a deal in with Mark that’s why she’s upset lol
No, she's upset because girlfriend chose Mark instead of her to partner with lol
For a moment it looked like Lori had it when she went on her own at 18 percent..til mark said "hold up"
"Hold my calls, Susan!"
Classic. 😂👌😂👌
Everyone talking about what a great deal the couple got (true and well deserved), but no one is talking about how Mark and Maria made 566% ROI in two years. EACH!
You can't even make that in Vegas...
Wow.. Can't believe it... The company grew that big?
@@redarxtrex114 because of covid, home workout skyrocketed
Kevin had the best offer. Maria’s initial offer was probably the worst/unfair offer I’ve seen in a while. The entrepreneurs totally undervalued their company.
I was curious like who's Maria in the panel..? And it turned out she's the Sharapova hahaha
Shes a big girl
Hahaha omg me too
What??? The tennis player???
@@송화인터내셔널 dayum she's huge!! Still pretty in the face tho
@@akmd114379 - you made me watch the end again when she stood up-I can’t say she’s fat or fit.
Mark Cuban must be up there, everyone fights to partner with him even he seems uninterested on a deal.
He's by FAR the most successful of the sharks. He's the only billionaire.
Mark saw the smile on their face when Lori offered 500k for 18% and panicked 😂 7:57
im not sure if kevin wouldve helped scale the company as much as mark and maria did but his offer made most sense to me. once you pay off that little debt of 400k all you have to give up is 5% of your company to him. now you have to give up 6x that and youre worth millions now
Props to the working out actors. The dude leading was hilarious
This already exits and i’ve been using a similar product for nearly a decade. Interesting how they were able to brand it and capture a market.
I had bought some for $6 at Ross. When i saw the price, my jaws dropped 😭 Rip Off
This is no different than weight gear in Dragon Ball which was from the 80s. The concept of heavy shoes, wristbands etc. so yes you are correct this concept has been going on for decades.
@@derekclawson5707 these are the first I have seen that don't look like bean bags 😂 but I also don't actively shop for these type of products.
They’re selling the aesthetic and comfort more than anything. If you don’t care about that, there are cheaper options everywhere, but if you do, there’s def a market for them.
@@derekclawson5707 Rock lee is another prime example too. It’s along the lines of the wrist band thing.
@2:48 gotta plug his crazy expensive watches😂🤣 love it.
Susan hold my calls. NICE 😂 had me dyinggggg
Barbara: I'm impressed, and for that reason, I'm out!
this deal shouldve been with lori and daymond they were perfect for it one into sports and the other the queen of qvc garantee they woulldve sold millions of dollars hands down..
O hell no. Anytime Lori has made a deal with someone, the quality of the product has gone down & it ends up mediocre at the very best. Mr. Wonderful, Robert & Mark are the sharks to make a deal with. No one else.
Mark owns an nba team lol
It's seems you have been living under a rock all these years. Offline stores are slowly dying. Online is the way to go. And influencers are where it's at
From 2 mil to 20mil max credits by Maria
Mark Cuban owns and NBA team full of pro athletes and Maria Sharapova is a world champion tennis player. I would've 100% chose them over someone who is "into sports" or parades products on QVC.
I watched this whole thing completely clueless of what they were discussing. I don't know anything about investments, and loans, or whatnot, but I still enjoyed it.
Maria Sharapova is such a sneaky negotiator - she knew EXACTLY who she wanted to do a deal with
This was brilliant all around. So happy for them!
As a longtime tennis fan, I love Maria and I love that she's a part of this! Serena has started up her VC firm so I hope she comes in to Shark Tank at some point as well, that would be amazing!
Heck no
Wow that was a quick way to just give up 30% of your company… Lori made a really good offer I’d say even better
Nice , I’ll buy the entire set at Winners in the clearance section.
😂😂😂😂 very true
They should have had Key & Peele do the dancing.🤣
Factsssss loll
Mark in there just like "I'm listening" while everyone just fighting for an offer lol
Wow! Having maria sharapova as a business partner is a huge huge success.. All i can say is wow.... The product perfectly fits with maria.. Wow... These couple ganna be a multi millionare
I need an explanation of wtf that was @ 00:45