Janine: I’m out because i have a conflict of interest because i already own a coffee company. Andrew after securing the deal: I’m gonna have the best coffee in town. Janine: you are.
@@RuRichelieu bro.. it's clear.. she doesn't have 2.5 mil... Maybe she can only afford a small cupcake start-ups? (I know..blah3.. she got wayy more money than me.. probably more in her pocket than my entire life but, she is sitting with the big bois and gurls)
@@RuRichelieu it's a weak excuse to bow out without looking like she couldn't afford to make an offer. Similar with the red lady making a lower offer than Glen so she wouldn't be picked.
I don't see how that's a conflict, as he said he already packages many other coffee companies plus if she became a board member of his company she could actually help orchestrate a merger between the two and get a fat payday along with owning a larger share in the new bigger company.
Anyone realised how he used negative words (such as bad, evil) when speaking about regular coffee and using a dark and smaller cup he even advices them not to drink it making it psychologically embarresing to say it tastes good, automatically setting the bar high for the next cup. When talking about iCapsulate he used white and used positive words. Amazing pitch, cheers to Kane Bodiam!
@@prod.scxrrified869 he is right , it should have been more subtle , it was totally in their face and anyone with a functional brain cell could make out that hes trynna con them
I wish the other sharks hadn’t interrupted and shut down Steve. He’s always the one who asks the hard questions and gets down to the nitty-gritty. The others barely asked any questions, just taking what this guy said at face value.
Someone who gets how I feel, it's so stupid how they rush such a big investment and start bickering infront of the entrepreneur as if he's not already nervous that will make it worse!
If it's anything like American Shark Tank, they deliberate for hours and boil it down into a 10 minute segment. They probably just edited it that way to create drama.
its so ironic because he was literally questioning him on very important things and the deal dropped anyways because the guy lied about the other coffee pod company lmfao
That guy on the end smelled the BS from a mile away. And he was right. Turns our this guy was lying about many things. He didn’t have contracts with all the major companies like he claimed (which was obvious, seeing as major corporations aren’t going to switch their entire products over to a company that started just a year ago. Even if they did like his capsules, business simply doesn’t move that fast). The deal ended up falling through and his business went under. Google it. Funny seeing that one shark at the end getting bad vibes over this. Smart man. The rest were quick to jump on him - when he was the only one actually looking into this guys story and asking the right questions.
After watching this I read a few articles, and unfortunately the deal with Banks fell through a couple of months after. Apparently Bodiam, the guy pitching the idea, made statements about the company that weren't true. Their company was on track to 21 Million a few years ago, and now this year the company is evaluated at under $100k. It's a shame to see, but a great idea
@@creativepie9907 the idea was that they made coffee pods which after use wer bio degradable, he told that they were the highest coffee making ppl in Australia but I searched it up and there isn't much about it
Was definitely just a flex for the two other sharks. They didn’t have that kind of money they wanted to invest but at 30-40% they could find the money. Because 16million in equipment even liquidated would get them there money back.
@bitterman co Company went into administration and owed creditors millions. And prior to this being filmed, this guy lost a court case for making false claims about another coffee company he worked for. He was a fraud.
I mean, the deal fell through, but the company did $15 million in sales the next year and $21 million the next. I don’t know that he was necessarily the smartest of them all.
Story update as of 2021: The deal went off since the capsules weren't biodegradable, the company went to under 100k net worth (Personally i think he shouldn't have had cheaped out and went for the 40% cut and not the 22.5% )
This was like 3 years ago I think and he never brought it and I believe the company tanked. Dude was lying for years about things (apparently) from the contacts he had to contracts and income
I think Steve was the only one not to be blinded by dollar signs, & it turns out he was right to be wary. The deal fell through & eventually the company went under.
Just an update guys: “It didn’t go because on the show you’ll remember they said, ‘we are the exclusive producers of biodegradable coffee pods and the CSIRO will validate that soon’,” Banks said in March this year. Apparently the deal didn’t go through eventually.
The market for coffee in the US is massive. Coffee pods have been ever increasing in popularity over the past few years. Having the pods also be bio degradable is a huge plus to the end user.
Proudly speaking. Best reality show to encourage young Entrepreneurs to do their best.. 👌 India also started "Shark Tank India" 😊. I am viewer from India 🇮🇳.. Huge salute to the creator of this reality show 🙏
@Ivan Alexander To be fair. they earned it. if you put in the countless hours to learn the laws and requirements, for MULTIPLE states and countries to build successful businesses, plural not just one, and someone comes along feeling entitled and like they can only put in a couple of weeks to months work of studying with no failures or humiliation to build a successful business, only one, and go around with the title "entrepreneur". . . I'd be pissed. if i didn't know how to control my emotions. I've been studying for 2 years and still learning there is so much left for me to keep learning. This game ain't easy and if you fall just from rich people telling you no and laughing at your attempt, either you got more studying to do or you just wasn't made for this.
@@jerjuandavis7784 i love the aus shark tank, but the us sharks make way more. most sharks on the aus show are between 1-50 million whereas on the us show mark cuban alone is worth 4.3b with oleary at 400m in 2nd place.
Let me accurately describe what happened next in short: The deal was on hold for a couple months while competition battered the founder over false claims made during the pitch (they indeed were false). The guy also got locked up in a legal battle with previous employers because of possible fraud/misdeeds. The deal did fall through eventually, but that was because their claim of Biodegradable pods was false, and Banks pulled out even though their sales were fantastic, and Bodiam later claimed that the fall through reason was inaccurate and they already have all certifications, but internally, they didn't value the $2.5 mil a lot and just wanted to go alone. He got the marketting he wanted :)
Too bad this deal fell through and that company went under administration. They lied about the capsules being biodegradable. They never actually got the money.
Tbf iCapsulate claim that isn't true and their capsules are. They went in to voluntary administration so they are still trading and will likely make a lot of money still so I doubt they are too concerned.
@A H W actually, the company has been bankrupted and it is hard to believe what they said on shark tank, they might just made it up so that they can have more viewer. cause coffee is not a new industry so within 18 months the valuation of company is more than 16 Million $ is unbelievable to me. and also from what I have read, their contract with Newzealand and Aussie companies are a lie.
@A H W The article says they're in administration because of a dispute between shareholders and directors. The company isn't bankrupt. It's operating normally, making good money.
I looked it up and apparently had failed, or at least was claimed insolvent and the deal fell through as iCapsulate got critique from companies of the same market, which led to a deeper questioning of the (astonishing) numbers he claimed basically. What a shame I was really impressed
iCapsulate, which once received the biggest ever deal on the Australian edition of but was marred by controversy in the months after the show aired, has fallen into voluntary administration. However, speaking to , Barnden says the company is not insolvent, and he understands the company’s administration is due to a dispute between its shareholders and directors.
THat whole back and forth about the supply chain advantage making it cheaper to make a better product, that is completely reasonable, Building your competitive advantage right into your supply chain is a really solid strategy for a business.
J P The 'Lady in red's' passive aggression makes my skin crawl and that Steve guy what a disgruntled arsehole who'd want to work with any of them, to be honest!
@BS Handle Created I know right...this guy did not know Naomi's name and I think he was calling her Barbara...lame 🤣🤣🤣 that is why I asked in my first comment why he was commenting on Barbara and he said I did not get his joke...lol!!!
Almost a year later (in 2018), Andrew Banks confirmed the iCapsulate deal ultimately fell through due to the company’s claims about its biodegradable capsules not being accurate. “It didn’t go because on the show you’ll remember they said, ‘we are the exclusive producers of biodegradable coffee pods and the CSIRO will validate that soon’,” Banks said in March 2018. “And guess what? They didn’t, and they aren’t. So for 2.5 million bucks I wasn’t going to risk that. It was [a shame], because their revenues were getting close to $15 million that year and $21 million the next, they had a reasonable business. They still [do], they just don’t have my money.” Kane Bodiam (founder) disputed what Banks said, saying his claims were “basically false” and that all certifications for the coffee pods’ being biodegradable were there. He said the decision to not proceed with the deal was an internal one at the company. “We gave them some info at the beginning, but when we received all the certification and everything we just never continued [with the deal],” the founder told news.com.au. “They stopped communicating so we stopped communicating. It was just moving slowly and we were moving quite quickly. We made a decision probably two or three months after we met Andrew that we were just going to go it alone.” Additionally, the founder said the $2.5 million capital injection wasn’t a great deal of money to the company, as it would be equal to “barely a deposit on new machinery”. According to administrator Andrew Barnden, iCapsulate doesn’t have any significant outstanding debts, bar a “fair bit of money still owed on equipment”. (Source: www.smartcompany.com.au/finance/coffee-pod-company-icapsulate-collapses-into-administration-after-being-offered-biggest-ever-shark-tank-deal/)
The right choice of investment has always been a big problem for me because I know that picking up the wrong investment will leave a big scar in the future...
It feels good to know that we still have trustworthy people like ma'am Christine Morgan, I'm very delighted I was transformed through her platform God bless her abundantly
That I couldn't understand this show or connect with it in my twenties shows me I was indeed a naive crazy young kid back then!!!😭 This is phenomenal...
Wow! It's so nice to see someone take a business from nothing; keep going even after being offered $25 million dollars and get an offer from a well respected business person. This is what dreams are meant of and I could not be more happier for a business that keeps people caffeinated.
I love how Naomi tries to rush everyone along only to say "I am out" or offers up an offer that she knows the business person will never accept every time
To me she looks like she just wants to scam everyone. From reading the comments in other clips I've gathered she only got one deal where she scammed the dude out of money 😬.
Apparently this guy's claims to be partners with nz and australias top coffee companys were fake, according to top coffee company's , OR as he claimed "smear campaign" the deal didnt go through and now the company is and has been closed down.
No surprise. Even as a viewer I had several questions, that I was shocked the AUS sharks didn’t ask. I’ve never seen the show before, but I know that had this been in the American one - Mark Cuban or Kevin would have started grilling this guy over certain aspects of his business. For instance, the guy said “I decided to turn my life around”. They should have asked him what he meant. Dug more into his background. They should have been suspicious of his claims that he started his business in under a year - and suddenly every major corporation is using his product. Business simply doesn’t move that fast. Even if they loved his product, they wouldn’t be able to switch over that quickly. Let alone, most corporations have established relationships that go beyond just the product. His whole story wasn’t adding up. Too good to be true as they say. And while the sharks can’t force him to speak, they could have asked the right questions to corner him and make him reveal certain things. But the AUS sharks didnt even really get into the numbers
Exedess You’re right. Though there is a Huge Process before you’re allowed to present (Not to mention how hard it is to be on there in the first place) And a huge process after a deal is made where they would check off some of the things you mentioned, before they sign any papers. Also it is business after all lol All that really matters is Numbers. A business owner could ask the sharks for an exchange for a percent of his business. But Not for the business.. instead to bribe his Mass Murderer Son out of jail...The sharks would simply ask him how his sales are and his estimated numbers for a years time 😂
Unfortunately the deal fell through “However, almost a year later, Banks confirmed the iCapsulate deal ultimately fell through due to the company’s claims about its biodegradable capsules not being accurate.”
This was the best pitch and agreed real quick basis of the calculations. Loved every bit of this deal! Edit: And I just read that this deal never happened coz what Kevin claimed about icapsulate were not all true and although the company is doing business but have legal cases. Steve did the smartest thing by saying he is out without giving any explanations
It’s not about advice it’s about the connections that each shark holds. They have a lot of leverage in other companies and have a lot of favors built up with people/companies that they can help build up new companies.
@@skeleto Not only that but these sharks' names carry weight in negotiations and whenever you join their investment network a whole array of potential synergies opens up to where you could sustainably develop business relationships and partnerships. Yes, the sharks carry a vast leverage especially when seeking relationships overseas (this being Shark Tank AUS means that this comes at a premium) but there's a ton of value past consultancy and mentoring at business level and that's completely disregarding the bridges and pull they've got throughout the whole supply chain when brokering logistic, manufacturing, distribution and any necessary outsourcing deals to develop and mature potential future developments, support their current product line and others.
Fun fact: Because this is filmed in Australia, gravity would normally send everyone in the room up to the ceiling. But to make the show more appealing for Northern Hemisphere viewers, the production team uses special reverse-gravitational devices (imported from the Jet Propulsion Laboratory in Cal-Tech) in the studio so that the people are all standing on the floor.
I don't know if this should be claimed as 'The biggest investment secured...' as after the show, the deal fell through, NO DEAL. I have a feeling that the 25 million dollar offer was not as clear-cut as presented & for once agree with Steve; Tread carefully with such high numbers.
This deal actually fell through not that long after so not quite the biggest deal in history but nearly there 🤣 quite inspiring being a start up and having millions in revenue within a year and a half is impressive. The sharks all wanted a fat piece of the pie seeing the potential growth for the long term gains but the owners wanted to go it alone and that's more money in their pockets instead of investors. Being that I just saw this in 2021 I had to do my research and see how the deal turned out a year later.
For anyone interested - the deal never went ahead, it's claimed Andrew pulled out, but the founder stated it was a decision made internally by the company. A few months after the deal collapsed, the company went into voluntary administration.
"When he was on the Shark Tank Bodian said sales for 2016 were at $4m. According to Banks revenues at iCapsulate were approaching $15m when he withdrew, and heading for $21m next year." packagingnews.com.au
So basically their whole story of them having a benifits over other products and also being the exclusive biodegradable coffee pod seller was a big fat lie. Andrew found that out and dint invest. There is an interview also by him regarding this. This coffee pod entrepreneur has done alot of other shady stuff also in the past
Funny how the one shark gives them hell for rushing his decision when that’s exactly what they do to nearly every guest who’s debating what offer to choose lol
Carlos Bremer: NO TE LIMITES MI REY! Arturo: Eres un gallazo pero son demasiados años para recuperar mi inversión :0 Rodrigo: Tiene azúcar? Paty: Cámbiale el nombre a Cápsula de Pulque de la Antigua Tenochtitlán Ana Victoria: Salta por la ventana, sale del país y se cambia de identidad. Emmanuel: Chica de humo 🎵 Ahh, y 50% 50% con el Arthur
When he asked $2.5M everyone like is he crazy 😂😂😂 and after end of his speech everyone be like, his business does makes lot of sense, now just buy it 😂😂😂
It used to drive me crazy but now when I'm getting ready to sleep I need the dangerous sounding head rattling music. It leaves me so exhausted I sleep a dreamless sleep.
![เปิด อาณาจักร หมื่นล้าน "สาระตั้ม" l [Nickynachat]](http://i.ytimg.com/vi/3XE0nPF4YkQ/mqdefault.jpg)
What a humble man, everyone one was laughing when he asked for 2.5 million but just after he told about sales everyone was just glued
Apparently he lied about everything and the company tanked
Lied
@@Someonebutnoone10 can you pls explain in detail
@@bloodwargaming3662 Go online.
@Truth n Logic well you will now
Barbara: "I already had my coffee this morning, and for this reason I'm out"
Barbara: I'm not in the show for that reason I'm out
@@kelvinb16 Jenny is uk dopey
😭😭😂😂😂😂
She has investment in another coffee business. Conflict of interest
@@mrfookayu but she can put their coffee in his cups.
“There’s 16 million dollars of machinery on the floor”
*Music gets dark for no reason *
coffee is our life *O_O*
ikr
guy: We have over 16 million dollars in assets and large sales numbers in the first year
sharks: Idk where hes getting the value from
Company is worth 16 million because the machinery is worth 16 million.
Lol
He was basically the CTO for all these coffee companies. So he knew exactly what kind of machinery he needed
not to mention the connections to get the green beans in! the in house roasting save a shit ton in transport costs.
This deal fell apart after apparently the guy wasnt exactly 100% truthful with soMe of his information
yeah a little backstabby but good on em.
Cto - capsule transfer officer
@@croccymint6282 of course not.. how can you begin a company in 1.5 year and already have 16 million in your business??? Must be someone else also
Janine: I’m out because i have a conflict of interest because i already own a coffee company.
Andrew after securing the deal: I’m gonna have the best coffee in town.
Janine: you are.
You beat me to it😁
@@RuRichelieu bro.. it's clear.. she doesn't have 2.5 mil... Maybe she can only afford a small cupcake start-ups? (I know..blah3.. she got wayy more money than me.. probably more in her pocket than my entire life but, she is sitting with the big bois and gurls)
@@RuRichelieu it's a weak excuse to bow out without looking like she couldn't afford to make an offer. Similar with the red lady making a lower offer than Glen so she wouldn't be picked.
@@RuRichelieu Why would you help a competitor make a better product? You just described why it's a conflict of interest.
I don't see how that's a conflict, as he said he already packages many other coffee companies plus if she became a board member of his company she could actually help orchestrate a merger between the two and get a fat payday along with owning a larger share in the new bigger company.
-Is there someone you wanna talk to? -Umm yeah Beyonce...
ONG Me to!!
Fiancé**
@@primehuerter Yeah, I think we got that.
Lmao
Ja Kite no
i love how they drop the pokerface instantly after taking the deal
Always.
Cos they know they gonna make a lot of profit 😆
If I understand correctly Adrew bought 22.5% of 16.6 milions in machinery (3m) for 2.5m so he already made a profit
@@Keschoo he can't sell the machinery for 16.6 M though as it would be used and would have deterioration costs
The go: 😐😐😑😑(deal)😃😄😁
Anyone realised how he used negative words (such as bad, evil) when speaking about regular coffee and using a dark and smaller cup he even advices them not to drink it making it psychologically embarresing to say it tastes good, automatically setting the bar high for the next cup. When talking about iCapsulate he used white and used positive words. Amazing pitch, cheers to Kane Bodiam!
I was actually thinking about that, wonderful use of psychology.
@@prod.scxrrified869 was obvious and forced, if random youtube commenters can see it dont you think everyone can?
@@beingofstrange ??? Bro you have a bad day or something?
@@prod.scxrrified869 he is right , it should have been more subtle , it was totally in their face and anyone with a functional brain cell could make out that hes trynna con them
@@prod.scxrrified869 what about my comment says I'm having a bad day? genuinely curious
I wish the other sharks hadn’t interrupted and shut down Steve. He’s always the one who asks the hard questions and gets down to the nitty-gritty. The others barely asked any questions, just taking what this guy said at face value.
Someone who gets how I feel, it's so stupid how they rush such a big investment and start bickering infront of the entrepreneur as if he's not already nervous that will make it worse!
If it's anything like American Shark Tank, they deliberate for hours and boil it down into a 10 minute segment. They probably just edited it that way to create drama.
The deal was droped because of some problems
its so ironic because he was literally questioning him on very important things and the deal dropped anyways because the guy lied about the other coffee pod company lmfao
because they have a fucking team at the back who get paid to do that.Steve was just wasting their time
That guy on the end smelled the BS from a mile away. And he was right. Turns our this guy was lying about many things. He didn’t have contracts with all the major companies like he claimed (which was obvious, seeing as major corporations aren’t going to switch their entire products over to a company that started just a year ago. Even if they did like his capsules, business simply doesn’t move that fast).
The deal ended up falling through and his business went under. Google it. Funny seeing that one shark at the end getting bad vibes over this. Smart man. The rest were quick to jump on him - when he was the only one actually looking into this guys story and asking the right questions.
Wow, i knew i liked him for a reason
Cheers for the story man, it's always cool to see how these companies and deals turned out. And this one went sour, holy shit 😮
The business didn't fail, they are still making good money
André Costa how much they making?
André Costa and who says that
Barbara if she was on this show:
“I’m not Australian, and for that reason I’m out!”
I love her
Copied and stolen. Please quit TH-cam and never come back to the comment section. You make me disgusted with your actions.
Frfr her racist ass
@@trevore2033 where you found the original comment huh?
@@Username-gn8rf jenny campbell, dragons den.
After watching this I read a few articles, and unfortunately the deal with Banks fell through a couple of months after. Apparently Bodiam, the guy pitching the idea, made statements about the company that weren't true. Their company was on track to 21 Million a few years ago, and now this year the company is evaluated at under $100k. It's a shame to see, but a great idea
Maybe bz of pandemic
WHAT WAS THE IDEA BASICAALY
@@creativepie9907 the idea was that they made coffee pods which after use wer bio degradable, he told that they were the highest coffee making ppl in Australia but I searched it up and there isn't much about it
@@braj221b Thie episode was filmed in 2017
@@veeraallak6388 Most of the statements he made were false. It ended in a big court battle and company went into administration.
Buisness has potential to earn 15 million plus dollars, Glen : "I'll make you an offer 2.5 mil for 40 % stake !!!! That's nearly half his company lol.
15 million in sales is not the same as profit. You don't know if they are even making any money, their overhead would be huge
Deal didn't go through.
Was definitely just a flex for the two other sharks. They didn’t have that kind of money they wanted to invest but at 30-40% they could find the money. Because 16million in equipment even liquidated would get them there money back.
@bitterman co Company went into administration and owed creditors millions. And prior to this being filmed, this guy lost a court case for making false claims about another coffee company he worked for. He was a fraud.
Taylor Egerszegi I highly doubt they own the equipment though, probably in debt.
Steve doesn’t have $2.5m to invest because he spent it all on finding out where everyone was from
g'day mate Steve Baxter here, where abouts are you from?
Steve had a vision and felt a virus would happen and then decide invest 2.5million.
best comment 😂
Ethan K steves net worth is over $100milion soo i think he can afford it
@@jakobz7085 it was a joke..
Legend says he is still taking as much time as he wants to talk to the bloke
Goshhh, I see why he's successful. So calm, gentle, soft-spoken, intelligent, humble and also honors his wife(better half)
Yeah and went bankrupt
True
Show and tell means you have to do both. They told a good story but couldn't back it up.
How does it taste?
He is just a simp lmao
When he said that he "was gonna go talk to his fiance".
I thought he said 'Beyonce'😏
Same.
Same😂
07:34 this guy was the smartest of them all.
and the other two were so annoying and impolite interrupting him
They showed their personality and the Guy didn’t like to work with them. He choose the American because he was a proper guy
I mean, the deal fell through, but the company did $15 million in sales the next year and $21 million the next. I don’t know that he was necessarily the smartest of them all.
@@treywimberley9545 sales tho not profit. plus they didn’t get their biodegradable certification which is why the shark tank deal fell thru
@@treywimberley9545 don't know if this is 100% true but I think the company failed and is now worth less than 100k
Alessia: "Go smash it."
Beautifully supportive and 100% behind him. She's better than any deal he could get from the sharks.
They were scammers
@@hollystiener16 how can u say that?
@@hybridgamer4105 Do some research. They were lying
@@hollystiener16 can u plz tell me here i cant find anything
@@hybridgamer4105 some other comments mentioned that they lied about being bio degradable but not sure how reliable the sources they used are
Story update as of 2021: The deal went off since the capsules weren't biodegradable, the company went to under 100k net worth (Personally i think he shouldn't have had cheaped out and went for the 40% cut and not the 22.5% )
thanks for the story update i was just about to look into it
wow thats a perfect curb your meme
god that's painful to hear
hes probably feeling really stupid he didn't take that 25 million deal before lmao....
He should have sold for 25 million and run.
The smartest thing he could’ve done was bring it to the American markets I’m proud LOL
100% bring it to the american market
We bout to drink that Australian coffee
Oh yeah. It'd blow up where I live.
This was like 3 years ago I think and he never brought it and I believe the company tanked. Dude was lying for years about things (apparently) from the contacts he had to contracts and income
@@NameBrand company is in shit now lol
Shark:"is there someone u want to talk to?"
Him:"yeah Beyonce"
Shark:"wot?"
Him:"wot!"
He said Fiancé!
@@gonorsilvet2581 thats the joke
HAHAHAHAHAHAHAHAHAHA
I was looking for this comment 🤣🤣🤣🤣
HAHAHHAHAHAHAH ITS NOT JUST ME. I heard it too
16 million dollar spent on machinery and they couldn't design a better logo?!
That's good
Who cares about the logo if you have huge sales HAHAHAHHA
It's like a bootleg car logo
They probably paid someone on Fiver $5 to come up with that.
It seems to primarily be B2B so it doesn't matter that much.
The fact Steve made 400 million on his first buisness and still gets questioned is mind boggling.
4 mil not 400.
@@wajeehahmed93 he faked it all the company is bankrupt
I think Steve was the only one not to be blinded by dollar signs, & it turns out he was right to be wary. The deal fell through & eventually the company went under.
Pandemic brother local/marketing business like these got most affected during Pendamic
@@probro1life372 the deal happened in 2017 "brother"
Just an update guys:
“It didn’t go because on the show you’ll remember they said, ‘we are the exclusive producers of biodegradable coffee pods and the CSIRO will validate that soon’,” Banks said in March this year.
Apparently the deal didn’t go through eventually.
And the 2nd part is that icapsulate is insolvent.
The market for coffee in the US is massive. Coffee pods have been ever increasing in popularity over the past few years. Having the pods also be bio degradable is a huge plus to the end user.
They are bankrupt lol
Proudly speaking. Best reality show to encourage young Entrepreneurs to do their best.. 👌 India also started "Shark Tank India" 😊.
I am viewer from India 🇮🇳..
Huge salute to the creator of this reality show 🙏
Mark Cuban .
Koi kuch b deta end py brother.....even 80% deals never happened......as this one.....
@Aaaa he meant it had come in india 🇮🇳 also not the franchise is india's
@@powerpointforuniversity Kaise pata teko?
Chutiye har jagah jaakar gaand faiakar chaude nahi hua karte. Majak banwaate hein tum jaise chutiye. Syria ya sudaan nahi hai ye India hai.
Australian shark: "is there anyone you'd like to talk to?
Entrepreneur: "Yes"
American sharks: "I'm out"
Duuuude! haha you took the words out of my mouth! On the US Shark tank, once they make their offer they don't wait for any counter offers.
@Ivan Alexander To be fair. they earned it. if you put in the countless hours to learn the laws and requirements, for MULTIPLE states and countries to build successful businesses, plural not just one, and someone comes along feeling entitled and like they can only put in a couple of weeks to months work of studying with no failures or humiliation to build a successful business, only one, and go around with the title "entrepreneur". . . I'd be pissed. if i didn't know how to control my emotions.
I've been studying for 2 years and still learning there is so much left for me to keep learning. This game ain't easy and if you fall just from rich people telling you no and laughing at your attempt, either you got more studying to do or you just wasn't made for this.
US show is better and the Australian ppl literally don’t make that much money and the Australian ones are very rude too
@@jerjuandavis7784 i love the aus shark tank, but the us sharks make way more. most sharks on the aus show are between 1-50 million whereas on the us show mark cuban alone is worth 4.3b with oleary at 400m in 2nd place.
Ivan Alexander well they are sharks
9:45 “I’m a little bit nervous as shit” absolute gold. Great company, seems like a good guy
Company went belly up and the deal fell through. He was lying about many things and the cups being biodegradable
You are a terrible judge od character. He is the exact opposite of a great guy
*1:25** Steve: “Go hard or go home.”*
*”And while we’re on that subject, where IS your home mate? Where ya from?”*
Allison Linner 🤣
Allison Linner thank you for keeping the Steve comments alive
That killed me hahahaha
🇺🇸
Ethan K you’re welcome, it’s all for you lol 😅
Let me accurately describe what happened next in short: The deal was on hold for a couple months while competition battered the founder over false claims made during the pitch (they indeed were false). The guy also got locked up in a legal battle with previous employers because of possible fraud/misdeeds. The deal did fall through eventually, but that was because their claim of Biodegradable pods was false, and Banks pulled out even though their sales were fantastic, and Bodiam later claimed that the fall through reason was inaccurate and they already have all certifications, but internally, they didn't value the $2.5 mil a lot and just wanted to go alone.
He got the marketting he wanted :)
He failed. The company failed because he lied. He didn't get anything.
Who is watching these random videos because your in quarantine
You're*
💤
hahahaha count me in!
Yea that’s me
you're*
the company went into liquidation in 2019 due to dodgy practices. Andrew never actually completed the offer.
www.smartcompany.com.au/finance/coffee-pod-company-icapsulate-collapses-into-administration-after-being-offered-biggest-ever-shark-tank-deal/
not liquidation... just voluntary administration... companies go under liquidation if they are insolvent and no one is willing to buy them out
@@jaysonkhu1944 www.graysonline.com/sale/5036643/food-chem-processing/sealed-bid-tender-automated-coffee-capsule-filling-and-packaging-line
Does not mean it was not best business practice.just ..just suss AZ f##😁
should’ve accepted the 25 million
Too bad this deal fell through and that company went under administration. They lied about the capsules being biodegradable. They never actually got the money.
Knowledge Freedom what liars
@@stressfree9780 I know right!!!
@@stressfree9780 but this is such a massive lied, I mean wow with big amount of money like that and they lied about the fundamental thing there.
Tbf iCapsulate claim that isn't true and their capsules are. They went in to voluntary administration so they are still trading and will likely make a lot of money still so I doubt they are too concerned.
Woah seriously? I was about to research on the biodegradable thing after watching. I guess i wont have to do that anymore. Lols.
I loved his humbleness and politeness throughout the episode.
He misrepresented the company in several ways. dude is a meek crook
Her telling him to try and get that percentage lower was some magic. That was love if I’ve ever seen it.
Lol no, they own the business together, of course she's gonna tell her partner to get it as cheap as possible.
Tf, you crazy dude 🤣
What hahaha😭
What it’s just a wholesome clip stop picking on me lol.
@Ben Franklin REALLY?
FYI : The deal ultimately fell through due to the company’s claims about its biodegradable capsules not being accurate.
I SAW
That makes Steve the smart guy of all for asking tough questions and not investing.
The Aussie sharks are nobodies. This guy is better off doing it by himself.
A H W source?
A H W 🤣🤣
@A H W you are full of shit!
@A H W actually, the company has been bankrupted and it is hard to believe what they said on shark tank, they might just made it up so that they can have more viewer. cause coffee is not a new industry so within 18 months the valuation of company is more than 16 Million $ is unbelievable to me. and also from what I have read, their contract with Newzealand and Aussie companies are a lie.
@A H W The article says they're in administration because of a dispute between shareholders and directors. The company isn't bankrupt. It's operating normally, making good money.
I wanted to invest too but the price is not stable
Yes, you can start an investment, There are many reasons to invest in Bitcoin after understanding the market and risks.
Richard A. Blair Fx
He will guide you through the process of investing
He's the best
His trading strategy are really work for me at the moment
9:34 Australian shark: "is there anyone you'd like to talk to?
Entrepreneur: "Uhh oh Beyonce, yeah thank you"
🤣🤣
fiance
thelittlemrawesome r/woooosh
Exactly, I heard the same.... 🤣
hahahaha
This man was very respectful and well spoken. I’m glad for him.
I looked it up and apparently had failed, or at least was claimed insolvent and the deal fell through as iCapsulate got critique from companies of the same market, which led to a deeper questioning of the (astonishing) numbers he claimed basically. What a shame I was really impressed
he lied thats why it was under scrutiny, he made bullshit claims.
The way the bloke lights up when he talks to his fiance is so cute haha
“I’m a little bit nervous as shit” I died XD
iCapsulate, which once received the biggest ever deal on the Australian edition of but was marred by controversy in the months after the show aired, has fallen into voluntary administration.
However, speaking to , Barnden says the company is not insolvent, and he understands the company’s administration is due to a dispute between its shareholders and directors.
After watching mr beast I'm like 2.5 million only?🤣🤣
Haha another verified TH-camr
sad the deal didnt went through
@@yanlimb thanks for the spoil 😞
😂
@@leopryor45 Wtfff
THat whole back and forth about the supply chain advantage making it cheaper to make a better product, that is completely reasonable, Building your competitive advantage right into your supply chain is a really solid strategy for a business.
Janine owns a coffee company and has never heard of icapsulate?
Wth are u serious?
Barbara: Today is Tuesday and I love coffee, therefore I am out.
There is no one named Barbara on Aus Shark Tank, only in USA.
Afrin Fatema ceo of not getting a joke
@@MrTroller99 yeah I know it's a joke but kind of irrelevant
J P The 'Lady in red's' passive aggression makes my skin crawl and that Steve guy what a disgruntled arsehole who'd want to work with any of them, to be honest!
@BS Handle Created I know right...this guy did not know Naomi's name and I think he was calling her Barbara...lame 🤣🤣🤣 that is why I asked in my first comment why he was commenting on Barbara and he said I did not get his joke...lol!!!
I like the shark speaking in 8:20... He's honest, he thinks the guy can even go further if I heard him right
This is why I love these Australians, they all got up and thanked the guy, very respectful
Not all.
Love the way he and his wife look at each other. Pure
the sharks- start off by being friends, end up being enemies
Interesting
Almost a year later (in 2018), Andrew Banks confirmed the iCapsulate deal ultimately fell through due to the company’s claims about its biodegradable capsules not being accurate. “It didn’t go because on the show you’ll remember they said, ‘we are the exclusive producers of biodegradable coffee pods and the CSIRO will validate that soon’,” Banks said in March 2018.
“And guess what? They didn’t, and they aren’t. So for 2.5 million bucks I wasn’t going to risk that. It was [a shame], because their revenues were getting close to $15 million that year and $21 million the next, they had a reasonable business. They still [do], they just don’t have my money.”
Kane Bodiam (founder) disputed what Banks said, saying his claims were “basically false” and that all certifications for the coffee pods’ being biodegradable were there. He said the decision to not proceed with the deal was an internal one at the company. “We gave them some info at the beginning, but when we received all the certification and everything we just never continued [with the deal],” the founder told news.com.au. “They stopped communicating so we stopped communicating. It was just moving slowly and we were moving quite quickly. We made a decision probably two or three months after we met Andrew that we were just going to go it alone.” Additionally, the founder said the $2.5 million capital injection wasn’t a great deal of money to the company, as it would be equal to “barely a deposit on new machinery”. According to administrator Andrew Barnden, iCapsulate doesn’t have any significant outstanding debts, bar a “fair bit of money still owed on equipment”. (Source: www.smartcompany.com.au/finance/coffee-pod-company-icapsulate-collapses-into-administration-after-being-offered-biggest-ever-shark-tank-deal/)
@@ExistentialismEnjoyer Sure. I also tried to highlight both parties' stance so there is no bias.
Investment are stepping stones for success. Waiting for the government to provide is a big waste
Well said investing is good but investing in the right thing is the actual key to success.
The right choice of investment has always been a big problem for me because I know that picking up the wrong investment will leave a big scar in the future...
Investing in Bitcoin is another way of ensuring steady cash flow, I've been earning every week for a year now.
Is about ten months now I started investing with Christine Morgan and it's been a good experience all through....
It feels good to know that we still have trustworthy people like ma'am Christine Morgan, I'm very delighted I was transformed through her platform God bless her abundantly
That I couldn't understand this show or connect with it in my twenties shows me I was indeed a naive crazy young kid back then!!!😭 This is phenomenal...
We all were crazy in our twenties..😂
If this was Dragons Den they'd offer 100k for 50% lul
did anyone else think he said “beyoncé” when they asked if he wanted to talk to anyone?
No
no notat the first time but it sounds like he said beyonce lol
America is big on coffee so I agree with his choice
@Andrew Todd really?
1:49 My gosh that smile melted me....💕
Barabara: "I love the business and im in, therefore im out"
Your profile like cut hair
I was going to say that too I tried to swipe it off my screen
Wow! It's so nice to see someone take a business from nothing; keep going even after being offered $25 million dollars and get an offer from a well respected business person. This is what dreams are meant of and I could not be more happier for a business that keeps people caffeinated.
He was a fake lol
I love how Naomi tries to rush everyone along only to say "I am out" or offers up an offer that she knows the business person will never accept every time
To me she looks like she just wants to scam everyone. From reading the comments in other clips I've gathered she only got one deal where she scammed the dude out of money 😬.
“i’m speaking in speaking” “WELL ARR YOU IN OR ART!?!!”
9:35 : "Someone you wanna talk to?"
"yeah, Beyonce"
Although it sounds like Beyonce, I believe he is saying "Yeah, ~my fiance~" 😂
Apparently this guy's claims to be partners with nz and australias top coffee companys were fake, according to top coffee company's , OR as he claimed "smear campaign" the deal didnt go through and now the company is and has been closed down.
No surprise. Even as a viewer I had several questions, that I was shocked the AUS sharks didn’t ask. I’ve never seen the show before, but I know that had this been in the American one - Mark Cuban or Kevin would have started grilling this guy over certain aspects of his business.
For instance, the guy said “I decided to turn my life around”. They should have asked him what he meant. Dug more into his background.
They should have been suspicious of his claims that he started his business in under a year - and suddenly every major corporation is using his product. Business simply doesn’t move that fast. Even if they loved his product, they wouldn’t be able to switch over that quickly. Let alone, most corporations have established relationships that go beyond just the product.
His whole story wasn’t adding up. Too good to be true as they say. And while the sharks can’t force him to speak, they could have asked the right questions to corner him and make him reveal certain things.
But the AUS sharks didnt even really get into the numbers
Exedess You’re right. Though there is a Huge Process before you’re allowed to present (Not to mention how hard it is to be on there in the first place) And a huge process after a deal is made where they would check off some of the things you mentioned, before they sign any papers. Also it is business after all lol All that really matters is Numbers. A business owner could ask the sharks for an exchange for a percent of his business. But Not for the business.. instead to bribe his Mass Murderer Son out of jail...The sharks would simply ask him how his sales are and his estimated numbers for a years time 😂
Unfortunately the deal fell through “However, almost a year later, Banks confirmed the iCapsulate deal ultimately fell through due to the company’s claims about its biodegradable capsules not being accurate.”
This was the best pitch and agreed real quick basis of the calculations. Loved every bit of this deal!
Edit: And I just read that this deal never happened coz what Kevin claimed about icapsulate were not all true and although the company is doing business but have legal cases.
Steve did the smartest thing by saying he is out without giving any explanations
Jenny: I am actually a dragon and for that reason I am out.
It has everything I love: tough negotiations, lot of money and coffee.
I love it
The deal didn't go through due to lack of due diligence
Hats off to his confidence and the way he presented himself in cracking the deal and his partner who is very calm in helping him to achieve it 👏👏👏👏
Except that all those were false claims and the company is bankrupt.
I love seeing people be so happy and living their best life. Props to that guy
"The BIGGEST Deal In Shark Tank's HISTORY!"... that ended up falling through.
How so?
@@easternprince79 they lied about how much they were worth and the biodegradable cups
@@treo9286 where can I find this, like proof of it
@@henrygonzalez2783 Google
@@aposparta ☠️☠️☠️💀💀☠️💀 SAVAGE
I don't understand why this guy doesn't just pay for their advice, rather than giving away 15%.
It’s not about advice it’s about the connections that each shark holds. They have a lot of leverage in other companies and have a lot of favors built up with people/companies that they can help build up new companies.
@@skeleto Not only that but these sharks' names carry weight in negotiations and whenever you join their investment network a whole array of potential synergies opens up to where you could sustainably develop business relationships and partnerships. Yes, the sharks carry a vast leverage especially when seeking relationships overseas (this being Shark Tank AUS means that this comes at a premium) but there's a ton of value past consultancy and mentoring at business level and that's completely disregarding the bridges and pull they've got throughout the whole supply chain when brokering logistic, manufacturing, distribution and any necessary outsourcing deals to develop and mature potential future developments, support their current product line and others.
@@gvilla98 goddamn, thats some really deep words. Anyone can make it understandable for dummies? lmao
Because he was lying the whole time!
@@hollystiener16 probably why the deal never went through and he's virtually bankrupt now.
You can tell the guy's nervous but he's just so passionate about his company.
Fun fact: Because this is filmed in Australia, gravity would normally send everyone in the room up to the ceiling. But to make the show more appealing for Northern Hemisphere viewers, the production team uses special reverse-gravitational devices (imported from the Jet Propulsion Laboratory in Cal-Tech) in the studio so that the people are all standing on the floor.
Why are you randomly chatting so much high quality bullshit 😂😂😂 I love it
seems like a genuine, hard working person. Wish him the best.
According to what you can find online, there is a lot more to the story.
In reality, he was a scam lol
He is in jail and you are a very naive person
I don't know if this should be claimed as 'The biggest investment secured...' as after the show, the deal fell through, NO DEAL.
I have a feeling that the 25 million dollar offer was not as clear-cut as presented & for once agree with Steve; Tread carefully with such high numbers.
sales on their own mean NOTHING! There are companies that sell below costs etc. Useless ppl.
I’d have pushed my luck and asked if all three would invest together at 3m for 30%, lower risk each might have got all 3 involved
Guy: I got offer for 25m for whole company
Shark: I don't like that, i will give you 2,5m for 25% of company
LMAO
and 2,5 for 40% ahahahhaa
finally noami actually placed some money on the table
Its because of his lower offer, she knew he wouldnt pick him and she wanted to show that she "had" money ;)
When ever she offers a deal it’s like, I’ll offer you 100k but for 99.9% of your company. 😂😂 like what!???
And I thought she was just there for decoration.
naomi*
Barbara: This AUS adaptation is full of crap therefore, I’m out.
Bewear I love you you’re so adorable I just wanna hug you
Milo Moe ☺️😏
Your comment has 365 likes. Therefore I'm here to make it a jump year
373
382
Jenny: I'm blown away by Aussie's appetite, for that reason im out
Is she like Barbara from US?
@@souravdatta9990 no but from the UK's Dragons Den
Just an update if anyone is interested: the company pretty much folded/liquidated about 6 months after this was aired (March - Sep 2018)
What does that exacly mean?
@@arianaliu8922 bangkrupt
wow!!
@@arianaliu8922 the deal also didn't go through, and I think he went to court
For y’all that are just seeing this, the owners claims were questionable and ultimately caused the shark to back out . No money was given .
Really?
Woooo
I thought the sharks were homeless
Thanks, I couldn't tell from every other comment mentioning the same thing
Love how when he said he installed all the 16mil equipment himself, he sharks expressions said: we feel useless
This deal actually fell through not that long after so not quite the biggest deal in history but nearly there 🤣 quite inspiring being a start up and having millions in revenue within a year and a half is impressive. The sharks all wanted a fat piece of the pie seeing the potential growth for the long term gains but the owners wanted to go it alone and that's more money in their pockets instead of investors. Being that I just saw this in 2021 I had to do my research and see how the deal turned out a year later.
What's his business evaluation now ??
@@Manan_Gupta not sure if this is accurate but i read a comment that said 100k
It’s interesting to see how many of the deals actually fell through.
Having binged on these for a while now, it’s a common ending for these pitches.
For anyone interested - the deal never went ahead, it's claimed Andrew pulled out, but the founder stated it was a decision made internally by the company.
A few months after the deal collapsed, the company went into voluntary administration.
Not really. It was found out that the icapsulate were not actually biodegradable . The company’s worth is below 100k now
"When he was on the Shark Tank Bodian said sales for 2016 were at $4m. According to Banks revenues at iCapsulate were approaching $15m when he withdrew, and heading for $21m next year." packagingnews.com.au
The deal on the show was never finalized and fell through. Then the founders had disagreements and had the company liquidated a few years ago
Should've taken the $25M when he was offered for the whole company.
how old are these episodes they throw out
@@Tosti342 Googling a bit, it seems the episode aired in July 2017. Seems like the deal fell through sometime in 2018.
So basically their whole story of them having a benifits over other products and also being the exclusive biodegradable coffee pod seller was a big fat lie. Andrew found that out and dint invest. There is an interview also by him regarding this. This coffee pod entrepreneur has done alot of other shady stuff also in the past
www.google.com/amp/s/amp.news.com.au/finance/small-business/i-wasnt-going-to-risk-that-shark-tanks-andrew-banks-reveals-record-25-million-deal-fell-through/news-story/9d21b5216a8cb19bc0561ea5ac952c70
Funny how the one shark gives them hell for rushing his decision when that’s exactly what they do to nearly every guest who’s debating what offer to choose lol
Carlos Bremer: NO TE LIMITES MI REY!
Arturo: Eres un gallazo pero son demasiados años para recuperar mi inversión :0
Rodrigo: Tiene azúcar?
Paty: Cámbiale el nombre a Cápsula de Pulque de la Antigua Tenochtitlán
Ana Victoria: Salta por la ventana, sale del país y se cambia de identidad.
Emmanuel: Chica de humo 🎵 Ahh, y 50% 50% con el Arthur
Steve was right in the end. The other sharks were too hesitant and the company fell under administration. The deal never went through either.
Probably made the absolute worst "Evil coffee" imaginable ...😂
This deal fell apart. Imagine having the largest offer ever then lose it. Seem he had made false claims and the 🦈 swam away.
Really?
@@carloswinchester2623 yes
@@carloswinchester2623 Do you not know how Google works?
@@ross-carlson shut the fuck up
Fr? What happened to this deal?
When he asked $2.5M everyone like is he crazy 😂😂😂 and after end of his speech everyone be like, his business does makes lot of sense, now just buy it 😂😂😂
"Is there someone you want to talk to?" ... "b-beyonce.."
Lol I heard the same but I’m pretty sure he meant fiancé. Probably mixed it with “better half”
9:35
Reading about this now afterwards, there was some administration problems causing the shark to drop out after.
Also looks like they went out of business no?
This show is almost unwatchable with the draining music in the background all the time!!
Here! Hear!
It used to drive me crazy but now when I'm getting ready to sleep I need the dangerous sounding head rattling music. It leaves me so exhausted I sleep a dreamless sleep.
Andrew just seems like such a lovely soul....always smiling and polite. 😊
Angel of darkness. Be careful with the eco-friendly siren song. It's often fake