"I'd Never Invest In Someone With THAT Attitude!" | Shark Tank AUS
ฝัง
- เผยแพร่เมื่อ 6 ก.ย. 2024
- Adam Dubrich and Leigh Warren are in the Tank to pitch their hybrid Cricket Cooler product. They are seeking $280K for a 20% stake in their company that draws the strings between cold refreshments and cricket but the Sharks smell something fishy with the patent...
Company Website: www.cricketcool...
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #WhoWouldLeaveTheirJob #NeverAgain
"our family's comes first". SHOCKED investors
When you're loaning the amounts of money the sharks are, you want the entrepreneurs to say the businesses they are proposing are their family.
If course because if their family comes first the investors money is not a priority. I don’t blame them one bit. Get the investment from your family
So sad
When you’re running a business, the profit comes first. Otherwise, it’s just a hobby.
@@Legolas2 I agree with you 100% on this, but there’s more than one way to do things. For example, I worked at my job and ran my business at the same time for 1 year. So you could say that my business wasn’t really my top priority but it didn’t mean that I wasn’t committed, and it wasn’t a hobby. My business was my baby!
Now I quit my job and I’m living an amazing life thanks to my business.
But that’s why I invested my own money into it, and not investors’. They claim to make 150K in sales, so why not invest some of that, let their business grow for a few months, make it a full time thing and THEN ask for angel investors or venture capitals to put their money in it.
The guy says he wants to keep his current job secure to make sure his family is taken care of. The Shark: *TRIGGERED AF*
Seriously, pretty unreasonable imo and kinda shitty to be pressuring them in to giving everything up even though clearly they're still putting their heart and soul in to this
It's not unreasonable... that's a red flag when going into business with someone. They are clearly afraid and have a safety net. They have something to lose. You're all so soft lol
@@anthonyhutchins2300 its not that difficult to juggle 2 jobs if 1 of them is fairly easy. i imagine these 2 guys have jobs that give them the room to dump another 40 hours a week on other projects
Dragons, sharks etc never invest anyway..bunch of oz chancers, all bloody Crims...these 2 guys are better off without them.mmm... every time I hear that accent I check to feel that I still have my wallet....🙄😠
@@pt8292 easy job that pays 150k?
I am now addicted to these videos for some reason
therandomguy125 same hahaha it’s escalated in the last week
It's because TH-cam says you like it
For that reason I'm out!!!
Dude me too.
Shark Tank OZ is mega cool.. Friendly dragons.. No Jennys !!
“I sold my house and lived with my children at the office”. It seems like being irresponsible with your family’s wellbeing and gamble their future is what makes you a good entrepreneur.
It meant Janine was willing to do whatever it took to make the business work. Hence why she's a successful entrepreneur. You have to be willing to sacrifice.
@@FishingWithMichaelTruong times have changed though and I think that's what these sharks forget. They came up in a different time, but now in Sydney and Melbourne you're lucky to buy a house for less than a million dollars and even renting is crazy expensive. Sure we have fairly high wages but if you were to give everything up in 2021 you'd be bankrupt in a couple months. They had the luxury of riding the highs of the early 00s
Exactly what I thought! You do you, but poor kids if her business didn’t turn out right.
@@SuperNuclearUnicorn
Exactly. I’m American and don’t know much about the housing situation or anything there, but prices have gone up here as well. Not to mention college and student loans. My parents could pay off tuition with a summer job, now people spend their lives paying off student loans. Times have indeed changed.
@@FishingWithMichaelTruong you make sacrifices for yourself. You do NOT sacrifice the wellbeing of other family members
"you guys did not take a big risk to potentially become homeless unless your product succeeded and for that reason im out"
Yeah but it means they're business isn't worth over 1 mil. Their business is probably worth like 200k
You have no idea what your talking about Mohammed yakub!!How does the value of their business correlate to them being homeless?? Infact you should never risk being homeless at all lmao
@@thunderhitmeinthe no I'm not talking about being homeless, I'm saying if the business is not at the stage where they are making sufficient profit to live on then its unjustifiable to value he business at that valuation. The sharks cant guarantee that they are gonna get a return
@@thunderhitmeinthe I think what they meant was since they werent fulling committing to the business, it meant the overall value shouldve been lower.
Yeah the business is clearly overvalued and with them not working full-time,an investment is not justified
There is nothing wrong in having a secure job while growing an unpredictable buisness
That's exactly what I thought, it's like they're saying they're better people because they & their dependants lived on the poverty line while they grew their business. There's nothing wrong with being cautious about things.
@@msstarlight4770 Is just too risky to invest in someone who isn't dedicated to their business
@@CB-ob5fr I understand that reasoning, but it didn't seem to me like they weren't dedicated.
@@msstarlight4770 They aren't dedicated to the business if they don't commit full time. What they SEEM like to you is irrelevant. Once you got a loan for a lot of money, you need to turn it over fast, otherwise you're just fucked. That's why that deal was actually genius from her side. Either they notice that soon enough and start comitting to the business in order to be able to get the most out of their product, or they are just fucked because now they owe her a shit ton of money and probably can never get out of debt again.
It's great to have a small business side by side with your day job to earn some extra income, but to take that small business to the next level and go global, one needs to be committed. These sharks have experienced that firsthand.
Their attitudes are excellent. Came in expecting to hate them, but came out thinking they're brighter and more conscientious than most of the people on this show, including the sharks.
Yeah agree 100%
"You did not sacrifice your entire livelihood and the livelihoods of your families for this unpredictable business, and therefore, I am out."
That guy's attitude sucks
@@the_aka_j5598 yeah that's why they are so popular around the world...( my Royal Scottish arse... ).....they make even the english look good and THAT'S bloody something..😠
That’s not entirely representative of the exchange that happened here, sorry.
Why you guys think that you're entitled to the investor's money????? They're suppose to give you 280k for the Business you're not fully committed in.
Having risked everything for a business and lost, and looking back at the simple fact that most startups fail, I now think doing so is mad. It's easy to tell people to do that if you're one of the minority who did so and made a fortune. If you haven't yet made your fortune, you don't know if you have the ability to do so.
I find it a bit insulting that they all think it's unacceptable for these men to try and give their families a decent life while trying to start their business. "How dare you not risk your marriage, your family, your credit, and your whole life to put every penny back into your fledgling business!"
It's how rich people convince themselves that luck had 0% part in growing their business and convince themselves to stop paying taxes.
Business is business. Let's see you invest $280k to someone that isn't dedicated full time, I'm sure your attitude would change.
They asked for a ridiculous 280k. It’s their part time job/hobby. Never invest in somebody’s hobby.
@@MrJamberee I agree that that asked for an outrageous amount, but it's asinine to hold it against a guy to pay himself a wage from his own business venture, especially when they have a family to support.
Wobbles and Bean it’s the beginning of the business. Almost nobody takes a wage at that point. Also that is a global business, the risks are higher so a business owner needs to sacrifice time and effort for it to grow.
In India, for $100, you can get...
real wickets....
a bat....
a ball....
chilled beer for the team...
and a person to run and get those beers from a nearby store 🤪😂
Or you could Jhutpat the beerss!
They filed for patent back in 2008 still not approved - think about that for a second. That's why it is difficult running business in India. Beaurocracy is the biggest bottleneck.
Karan Sarin in tailand you get all of these plus 5 nice young bitches
Can you buy toilets tho
@@oskar115 I've never been to tailand, sounds like a magical place full of tail.
I legit just watched a pitch where they were shocked to find out that the entrepreneur didn’t have a day job.
Did
@@Lommy9999 I think he's talking about a different pitch where they were shocked but for the opposite reason. These investors are hyper moody and contradictory. I see why tho, i'd be a moody lil bitch if people wanted my money too xD
These 2 did everything right. Those sharks are just intentionally mean for television.
Could also be edited to make them sound meaner. I hear these are very long presentations cut down quite short.
That is why they are call Sharks. Just rich mean people that in the end, some of them get cancer and never go to heaven.
And how did Janin manage to eat without a salary for 3 years? She had money coming from elsewhere. Probably the husband. Is she trying to impress us by saying she took no salary when most people need a salary to live?
I know, lol
After watching her on Survivor she has a huge God Complex it's revolting.
Either that or she's been hijacking containers of fruits for her business and didn't need to invest the necessary capital to have those juice bars
They don't take salarys cause salary means extra taxes.. She could just write most expenses off of on the company's bank.....or jst woo some horny old man lol
Imagine being proud of the fact that you made your kids live in an office for 3 years.
Imagine being as rich as she is now.
@@IgotJinxed yea imagine that. Can I only imagine? Lol
I'm glad it all worked out for her family and she's rich now, cuz the therapy her kids will need from enduring that sort of life for 3 years can't be cheap
If theres love,surely the details about accomodation are secondary or no ?
@@markbrown-sb2zm Considering she prioritized her career over the well being of her kids, id say thats pretty unlikely.
No one's gonna spend $100 in India for this
ChintanCG can confirm this
Good sir I am from India and let me tell you we have beautiful and rich people just like you aussies
@@ethank5681 yeah true but most Indians don't go to the beach with their mates and coolers of beer to go and play cricket on the sand, have barbecues and surf llike aussies and nzders do
well coolers aren't that cheap here in India, so with all those features as it is somewhat justified. Remember they use AUD(aus dollar) so the price is approx. 5000 INR, which isn't that expensive for an object of that size.
Crackonminus the cooler is $120 aud. Very expensive
The worst part about this otherwise awesome show is the intense over-editing. I’d rather watch a 30-minute pitch than sit through 10-minutes of edgy music
ConnorWaddell you might wanna watch UK dragons den
The pitches often take hours, with much digging into the financials, legal rights, patents, etc. editing it down to ten minutes while keeping the “drama” is probably not easy. But I would also like to see more.
Especially since they have high paying jobs, giving them an additional source of capital to put into the business!
@ConnorWaddell: I most definitely agree with you about overly dramatic background music, I'm assuming the show's editor/ producer think this music will heighten tension within the minds of the audience thus, gluing the viewers to their TV screens.
This trick isn't effective anymore, as it was years ago.
1 year or more later, but even worse then that, is having a recap 5 minutes in, like im watching this a few months after lol
This is the most Australian thing I've ever seen
I don't understand that product and it's value!
its not upside down tho
Mnikazi 06 That’s because you’re not Australian.
Clearly not a Crocodile Dundee fan then...
This is the worst Australian thing I've seen.
Shark: "I shared a bedroom with my kids to get my business going"
Sorry you had to stoop to the levels of the average lower middle class person lol
Rich people problems XD
🤣 💀
You realise she's talking about her past right? She's only rich now because she did that. She didn't stoop, she just worked hard and pulled herself out of it
@Ego Master I think you're just a dipshit who can't handle the fact these people are 100x more successful than you'll ever be, most of the people are self made, and if you're talking about a loan try and fucking find a business owner of any kind big or small that didn't get a loan from a bank, a friend, or a family member to start out.
@@slowazzd2165
Lots of assumptions there. You don’t even know how successful they are, lol.
I don’t know her story at all, but if she did get propped up by rich parents, then she is indeed pretending she took a risk. And a loan from a bank is different from a “loan” from a family member. Families tend to be a bit nicer about money, at least in my experience, but it really depends on the family.
And most of the people being self-made isn’t what they’re referring to. They’re referring specifically to her, so I don’t get your point in bringing up a bunch of people. Unless by “most of the people” you mean most of the people on this show, then I get your point (as they mention “like most of the people on this show,” not “like most people” in a general sense).
If Ego Master was lying, fair enough. Idk her story or anyone else’s story on this show. And I don’t think it’s bad that people get help or loans or anything. I guarantee you that anyone who had rich parents or whatever would definitely use them to their advantage. They’re just saying she shouldn’t pretend she took a risk (assuming she did pretend, again, I don’t know her story).
Glad to see the comments section is sane and mostly understanding how unreasonable it is to expect this man to throw his family in to hard times for a business that may or may not take off.
If I'm a 8 year old kid or something and my dad quits his well paying job to start up an unknown business and I end up having to live in an office or in the car and going without things other kids have I'd probably end up really resenting my dad and that sucks
I don't agree to your analysis. My father made some pretty tough decisions and there was lots of budget cuts affecting me and my family and as a kid, I did hate that.. But now I understand he did what he had to to get a foot hold in his buisness and if he had not, we would have the financial stability that we had over the long run.
Life is tough.. And require tough decisions and sacrifices. I completely agree with sharks.. If you are not confident enough in the risks for your buisness, you are not confident enough in your buisness model and hence not worth taking risks with investing their own money.
@@popeyethesailor1699 No I dont agree. My father lived in a lot of poverty because my grandfather squandered a lot of money on useless businesses which never took off. And my father kinda resents my grandfather for that. That's not something I will put my kid through
@@exponentialcomplexity3051 Your grandfather took risks and it didn't work out. That happens when you take risks. You win or lose. So if hypothetically considering your grandfather some buisness might have worked.. and if he had became a multimillionaire.. Definetly, your father might would have not had that resentment.
I also agree if your family comes first.. Good for you... But that doesnot mean others should invest in a buisness model in which you are not confident enough to believe that your family wont be in a risk.. .
@@popeyethesailor1699 I am of the belief that family should always come first. Everyone should first try to ensure decent living conditions for their family. If you have saved enough for that, the you can try your luck with any remaining amount that you have.
@@exponentialcomplexity3051 Yes, I agree.. That struggle is not for everybody. And you can put family first and take no risks. But no big calculated risks, when needed & not taken ensures no big rewards. Besides this absurd to say, people who take risks for family do not care about their family. The only difference here being that they are super confident on their buisness model will work than those people's buisness model who put their family first.
Aftermath: these entrepreneurs are still in business. So they succeeded
Good to know. Thanks for the info!
Thanks for letting us know!
Why wouldn't they be, they never needed an investment in the first place
Slide Jones just because they’re in business doesn’t mean they have succeeded. Many businesses lose money
@@morningsunshine0216 True but in this case, they are doing well. Small businesses can't afford to stay in business if they are losing money compared to large corporations.
Sharks: "We think you have to devote all of your time to this business alone"
Also Sharks: "We invest time and money into 100's of businesses."
-_-
And then they’ll be like. “I’ll invest $60k for 50%” 😑🤦♂️
Well... that's their "business" isn't it? Taking risk and whatnot.
Its almost like... the sharks... are investors.... and the people asking for money are not..
@@AmuhAje Thank you, captain obvious.
thats actually not a good example. These sharks have already made their own company, devoted time to it, then sold it after it made enough money. Now that they are rich, they have money to spend on investing on 100's of businesses.
This is insane. They probably have children and wives. They didn’t go for it just because they have side jobs!? What knobs
This is some serious money being talked about. They didn't get to where they are by giving in to pity or sympathy. It might be harsh but that might be how serious they take things.
I'm not familiar with any of the sharks' backstories, but I doubt any of them have ever known real financial struggle.
Most middle class families absolutely can't afford even a few months without income.
I commented this somewhere else, but it's probably a lot easier to take risks when you know that if you fail, your family will at least still have a place to sleep afterwards.
These guys have put the time, and they're obviously dedicated to their product -- which I think is crap, to be honest -- but the reasons the sharks gave to back out were utter garbage.
Why should they give a shit? They're not a charity, their goal is to make money. Business is business , would you invest your own money if you weren't sure you could get it back?
@@miguelzavaleta1911 I guess you didn't even watch the episode because Janine told exactly how much hardship she went through for her business. Business is hard and cruel, welcome to reality
If you were the sharks with limited sources of big cash, you want someone that really dedicate to make the business succeed. They are sharks because they are smart investor. I mean, we should learn from them not to throw money if it is full of uncertainty. Most business fail.
Here, she knows how to make the business success cause she can introduce them to big marketing agency to build the brand.
I respect them for putting their families and their stability first. The product is fun and interesting, I feel the investors were particularly harsh on them for simply valuing what’s truly most important in life.
That's why you'll never be rich
Jenny popped in just to say she was out and grab a free glass of water.
Kenneth Brewer and the free pen and notebook
Congratulations on copying and pasting someone else's joke
🤣😂👍 jenny : i was a banker and for that reason im out
Jenny is self isolating, so she's In.
@@ileolai It's the internet, what else did you fucking expect?
This shows the one thing that Dragons are guilty of: being out of touch. Sure I'll quit my day job and then do what? I've had my own business before. You can't just automatically think people are going to quit everything.
its sharks lol, not dragons. this is the australian show
So how is your business doing? Well you're on TH-cam watching shark tank so I'm gonna assume it failed. Successful businesses require 100% focus and time commitment, that's common sense.
@@XX-qj9sj everyone can spend their free time how they want, just because he is not working right now, doesn't mean his business is not working.
@@Italo5killer And the investors are free to decide to not give him money. Youre missing the point. Its about them being 100% devoted to the project. If its a glorified side thing theyre working on here and there than its not at a point where people are gonna wanna invest.
@ispumpkinking You're a beta.
I love how the Australian sharks get up after a deal is made . Not only the one that invested but all of them
I cannot be the only one who watches shark tank daily
Me tooo
Same here 😂
I'm addicted to Dragons Den, but watched almost everything so had to jump to Shark Tank now
biscaya08 S A M E
Totally Addicted😂
A cooler costs about $30 so your paying $50 for the wicket addition.
I’m addicted and don’t know how to quit watching these videos 🤣
How come people are copying and pasting this exact comment on every video. Like the exact same thing ??
easy, on the top right corner you have a cross, when you hover on it it turns red click it and you good.
@@ala4737
I don’t think it’s a copy paste. It’s such a shared thought that it appears that way, lol.
Naomi every morning: “ I don’t know what I want to wear today? Red dress? Maybe a red dress, oh I know, I’ll wear this red dress. Or maybe this red dress?
It really irks me when these sharks tell people that they can’t run a successful business while still working to provide stability for their families. It’s absolutely ridiculous and makes them sound like complete morons.
If they come in India:
1. This thing would be a flop, only a bunch of elites will use this to flaunt
2. Real wickets are cheaper here, and every group of >4 people have one set of wickets
3. Though cooler is essential in India, it's not that popular nor is it such a big requirement
4. In India, beaches are overpopulated with shops offering you cold drinks, so you don't essentially need to carry it.
It's more a beach thing and wickets can't be fixed on a beach... And still I agree I'm an Indian we do t need a cooler for wickets atleast
@@shivnathlongani I'm confused I've never seen someone casually playing cricket on the beach idk who they're targeting here
We don't care about India
I cant even believe that Glen Richards has 700 milion net worth😲. He is really talented.
The sharks expect them to collect centrelink benefits and wait for the phone to ring.
@fyoukim12 spoken like a true poor person. Maybe you should read about the Sharks backstories, they all come from humble backgrounds and worked hard for their money
@fyoukim12 LOOOOOL absolute bullshit, lying about your bank balance on youtube is as low as it gets 🤣🤣🤣'I'm the *furthedt* thing from poor.' LMAO your so broke your phone doesn't even have auto-correct for your shit spelling 🤣🤣🤣🤣🤣🤣🤣🤣
@fyoukim12 Mark Zuckerberg
I can't invest fully in this Facebook thing until I have a safe income from doing this. Then I'll be full time.
Imagine if he said this to investors.
I am from India and this thing won't definitely work there !! Every local group playing cricket has stumps if they play in ground/beach, remaining for the gully(street) cricket, no one gonna buy a cooler for that !!
Actually people can keep their cold drinks and cold water bottles in this box. But ofc Indians wont pay so much for this.
I'm just curious, but do you use drink coolers much in India when you play beach/street cricket? Or do you just get a cold drink from a nearby shop, or vendor, if/when you need one? ☺
@@msstarlight4770 Nope no coolers at all !! We all chill out though in after match parties may have drinks sometimes home made lemonade or sherbet, my gang used to used every last minute of the sun to play and rush ourselves back home as everyone will be getting calls from their homes saying its way too late come home now !! But still getting scolded over 😂
@@mickeyagrawal2001 its not about it being pricey but it being practical !!
@@rohitrikhi Thanks for replying, I appreciate it. ☺ I think this product will continue to do well in Australia, as they tend to associate beer in a cooler & playing cricket, together, already.
You never tell investors that you’ll never be in it full time as you both have jobs to work up to. That’s a no no .
Honestly, given there is 2 of them working 80 hours a week, thats equivalent to 1 person dedicating all of their time to it.
"you guys are playing it too safe, therefore I am out"
Study economics, You'll know that the first and most important characteristic of an entrepreneur is being the risk taker, this is the only reason justifying why he makes super normal profits for as long as his business is running
I did not study economics and is not part of my major therefore I am out
My favorite color is red, and your undershirt is blue. I would never want to invest in or work with someone I can't trust, I'm out.
"You guys are in, therefore I am out".
Sharks: “You care about your family, and for that reason, I’m out.”
If you're dedicated to your family wholeheartedly, that's fine. But you won't do well in business then. Have to choose.
@@infiltr80r you have to choose between loving your family and being an entrepreneur? That's ridiculous.
@@kennedylehane6562 No. But time is limited and you cannot have full dedication for both. I'm talking about creating a serious business that will take decades, not some mediocre BS.
@@infiltr80r that's ridiculous. It's not impossible to do both.
@@kennedylehane6562 Go look at how many top end businesspeople spent much time with family. When you're starting you'll need to work 12 hour days at least and it will decline over time but 10 hours is typically still required.
If family is your priority then 9 to 5 is for you.
So they want them to risk there full life’s work for an idea
Unfortunately yeah. Think about it. These guys are investing so if they invest in someone who isn’t pouring literally everything within their lives into making the investors money then they don’t want anything to do with it. It’s sad really, they want these guys living off nothing so they can make more
Bennett it all depends on how big do you want the business to be. The bigger the business the bigger the sacrifice.
@@bend.7590 Exactly. If these guys don't like it then don't ask anyone for money. Come up with it all on your own and then be part time with it. See how the family feels about that.
Yeah i really hope this product thrives cause the pretentiouness of these investors is gross. Not everyone can drop everything to chase something they dream about.
The fact the don't comprhend this shows there disconnect with average people. Not every inventors got a family with money to spare.
its huge here in australia
I've actually seen these things on the beach in multiples. People love it.
Yes, but an investor expects 100% commintment.
I just finished binging all the available Shark Tank U.S. pitches. This is my first AUS one and I'm sooo excited to have so many left to watch
he'll drop everything and put his all into the business - "id never invest in someone with that attitude"
There is a cooling off period and this deal was cancelled .They got a private investor to put in the money for I5 % and a lot of free advertizing
Has Cupholders: “Oh, that’s brilliant!”
I’m addicted to Aussie Shark Tank after it came up on auto play when I was too busy to go back to what I had been watching. I don’t even watch the one here stateside, and yet here I am. Good on ya, mate.
The reason they don’t have approval in India is because they didn’t grease the right palms.
Not bringing the beer was a fatal mistake
Why have I watched 30 of these videos today and why can’t I stop
I don’t see why they can’t put their family before everything out. I see it as a selfish move from the Sharks
Because then why would they invest in something from them when they can invest into someone who is full time. Its not selfish to not want to throw your money away.
The entrepreneurs are often damned if they do and damned if they don’t
The sharks didn’t see the entrepreneurial drive is all
because of $280K that's why
@@seankraker You're right, it wasn't selfish. It was petty and stupid since the company was doing well regardless. The douchenozzle in the glasses obviously owes his success more to luck than anything else, hence his inability to understand the difference between correlation and causation.
Never take a risk if it will put your family in trouble.
@Cis Lunar Yep, being rich has made them elitist and out-of-touch with the reality us plebs face on a daily basis.
@Cis Lunar that's why you'll never have a successful business. Keep working that 9-5 and earning $50k your whole life. No risk no reward, you can't have both
I had no idea that Hugh Jackman's kid brother was into cricket.
Ben Cotten holy shit this comment got me good
I just saw it rn. I knew he looked familiar.
youtube recommend: just watch one shark tank (: just one (:
me, 3 weeks later: i don’t even live in australia but i don’t remember the last time i wasn’t watching shark tank AUS
youtube: (:
Why would you not have cold beer inside a beer cooler? Especially when you're pitching to investors over national television.
Plus, you want them a little tipsy and loose.
I don't often comment but I do when I have something to say. I think these guys are being very responsible entrepreneurs by putting their established situations first and not diving into the unknown risking everything and potentially losing all they have over an idea. It's clear to me that these two are responsible and still passionate about their product, it's a damn good one! Shame on the sharks for cutting into them for having a safety net. I know somebody who put everything he had on the line trying to get a business going and he just lost his house and put his family life into complete termoil because of his irresponsible behaviour. Not a very smart thing to do and might I say a pretty selfish thing to do when you have a family. I can't stand behind their logic. It's easy for them to sit back now in their ivory towers with their comfort and millions while they point the finger and criticize these two for having a safety net, makes me sick. Just because it worked out for them doesn't mean it always will for everyone. A person has to eat and feed their family in the meantime, that's what matters. This is yet another classic tale of the rich being completely removed from common sense and reality. Don't get me wrong, I'm glad that it worked out for them but their projects could have just as easily blown up in their faces while their families would have taken the brunt. Terrible advice on their part. I'm out.
Well said. I think some of these sharks are completely disconnected from reality
The light blue jacket guy is mad at dark jacket for opening his mouth 😄 😆 🤣
Im looking for this comment
150k a year and he makes it sound like money's tight.
5-6x what I earn damn I gotta get into sales
He can 'get by' on 150k lol
I know, right?
Try living in Sydney with family and you will soon understand that 150k is very tight indeed.
Kryptos4u My husband and I live in Sydney with 2 kids and one income and we can only dream of that salary.
I’m actually dumbfounded the sharks are not willing to invest because the two guys decide to put their family before a business that has a chance to fail. Shows the true colour of these sharks
I feel so bad for these guys, you can tell that they put everything I had into this Deal.
But product is not good enough
@7:37 "I'm not going to take any risks, I'm waiting for 100% secure offers" LOL
I love shark tank Australia, for one reason the judges are so nice and all of them after the deal shaking their hands and congratulate each other, I think this is very cool!
The dark-haired lady reminds me of the nice lady who turns out to be the villain.
Sharks are out of their minds, it’s their money but the advice they gave was terrible. You can’t risk your families well being when you can fully support them with your current job and if you are happy and can mange both job and your business then you should continue and work on time management not putting all your eggs in one basket.
These guys are transparent and honest. I tried going all in for a business before and I failed miserably. I will never go all in again unless I have enough liquid.
I can’t relate to this Bc I’m from ‘murica and ‘muricans don’t play cricket so for that reason, I’m out
I love how she offers, how she thinks to invest & develop the sales. How she comes up with 80.000 investment + 200.000 loan. It's great
"I hate bugs, I'm out" -Jenny
Any other Americans thinking "wtf is cricket?!"
JiffyWax Jesus i know what cricket is but I never knew this was something you can play on the beach. It’s not like us Americans go play baseball on the beach.
I'm French and what is this
Basketball on ice. Now that is something I'd wanna see.
cricket is an even slower and more boring version of baseball
JiffyWax Jesus you don’t know what cricket is? wow.. just goes to show you don’t pay attention to anything outside of america lmao
Used to think Naomi never made an offer, now ive seen her make 3-4 offers within the last few days
Shes been reading comments and doesn't want to be the new Jenny.
She makes offers because she knows no one is going to accept them anyway
Good luck selling these here in the UK. The closest thing we have to a beach is a freezing cold rat filled river.
I wouldn’t invest in someone who was stupid enough to give up a 120,000 dollar a year job for a silly gimmick cricket cooler
If it was successful it wouldn't be a problem. It isn't and they aren't putting in the effort to give it the best chance to be. They're merely playing with it.
They really shot themselves in the foot by saying "this comes second".
Just my opinion like Janine & Steve I took three years no wage while starting my business, but I think the sharks are off point here, this business is not Boost Juice it far less complicated, IMO it's a novelty product that will sell well and almost autonomously in the local market *maybe even abroad. The only reason these guys would benefit going full time is if they had a slew of products lined up that could be as popular as this over the next five or ten years, this is literally the perfect side gig you could almost automate the whole process from factory to buyer. No chance I'd be quitting work for this one if I had a family at home.
That’s not fair. Just because he has a full time job means he’s not dedicated to his business? I’m sure he still has responsibilities, a family and bills to take care of. If anything thats what a responsible person would do. It’s absolutely foolish to risk everything and sell your home risking homelessness for a business you don’t know what’ll happen with.
The one guy constantly doing the Homelander face whenever the camera was on him was quite off-putting. Body language is important, and his body language specifically really came across as desperate more than anything.
He was truly shocked at how things were going. Both of them clearly were expecting multiple offers and praise for their clever idea.
I think it was partly down to editing.
You do realise those weren't his real reactions, right? This is reality TV, the meaning of which is basically "not reality but dressed up to look like it _IS_ reality when it's really just a constructed narrative". They can use clever editing to create something there that never actually happened. It's remarkable what you can create just by taking reactions that happened 20 minutes before the thing they're supposedly reacting too, and stuff like that.
Charlie Brooker (the creator and main writer of Black Mirror) did a great segment about this very thing on his show Screenwipe, it's only 5 minutes long so give it a watch - th-cam.com/video/BBwepkVurCI/w-d-xo.html
@@duffman18 I understand that the video is pieced together from up to an hour or more of footage, but that guy made that face far more than once when even one time alone would have been too far.
The problem is that I admire Steve Baxter for his honesty and fearless and I think Andrew Banks is patients education and leadership
This whole programme is just a silly game of 'Contrary Mary'. If the entrepreneurs want stability, the Sharks say they're not committed enough; if they've given up their jobs and won't take a wage, the Sharks tell them that's unsustainable and stupid. If they have the patents for Australia and New Zealand, Britain and the moon, they say 'What about India?' Honestly, it's like some idiot saying 'You've missed a bit!' when you're painting something. No matter what the entrepreneurs present, the Sharks just claim the opposite is better as an excuse not to invest. I mean - seriously - criticising someone for not taking enough risk! Really? When every single Shark makes every single rejection of a deal based on it being too risky? Or as we have this time 'not certain enough'? I wish the entrepreneurs had said: 'So let's see if we get this - you think we're not prepared to take a risk so you don't want to invest because it's too risky?'
the sharks have the money, they make the rules, i guess
Janine: I'm going to make my kids so rich, but they'll barely see me for years and have to sleep on floorboards in an office with no home to call their own until we make it.
Kids: And for those reasons, we're out.
Its totally reasonable that if Dragons (or Sharks) are going to invest in something, they need to know the entrepreneurs are committed full time & its not a part time hobby.
Meanwhile, they get 20% of the company for what would amount to an hour or two a week focused on it? That's ridiculous. The commitment is shown through the success of the company and its profitability. These rich buffoons just want entrepreneurs to suffer for their breadcrumbs. Profit is important, of course. But you shouldn't have to make your family homeless before you're allowed to get an outside investor.
@@icemachine79 they're spending $280k for 20%, if the business fails then they lose $280k. Of course they want someone that is 100% dedicated, otherwise they lose their money. Sharks are not a charity, you're clueless
@@XX-qj9sj Full time isn't the same as "fully dedicated". The Sharks were acting like petty elitists and you sound like a bit of a sociopath. I feel bad for your family and any ostensible "friends" you think you have.
I've watched Dragons Den, a lot of Shark Tank USA and now discovered this. I love how the first pitch is a classic 2 in 1 invention but pure Aussie.
"It's something I'm not going like ahhh I've got to have it"... True talk
you gotta to love the Aussie's. cricket and beer cooler rolled into one and also one of the sharks asking for proof in the form of a cold beer. brilliant
Them sustaining their careers and home life seems like a smart decision to me. They are doing a job AND trying to start a business, is that not hard work?
I mean god damn, right before this I watched a clip of a lady who had 2 sons living at home, quit her job sold her home to create her business and the sharks didnt invest in it, so that lady is on her ass.
At first I hated the sharks for playing like sharks all the time but then I remembered what the show is called and who was talking these guys are the literal leaders in the business world
What indian biggest market?
Indians dont ever use coolers, and even if they do they wouldnt pay extra for these wickets lol
Very true
Businesses take two things to work, time and money. The Sharks invest their money, the entrepreneurs invest their time. As these two have full time jobs, they CAN'T invest time into it. That's why the dragons are angry. Some people are dumb.
In the American version (which I also like) if a shark makes an offer and you have to "think" about it...they immediately withdraw that offer...as they should.
Feels great when each the word 'India' comes. 🇮🇳❤️
Shark: You didn't quit your job, put your marriage in jeopardy and drive yourself to the brink of suicide. You just want it all, with no risk.
Also Shark: I can make 1 phone call and make 200K back + my 20%
My aunt Rockface wasn't a Rockface but her name was Rockface because she had a big container of rocks dropped on her face at birth, the doctor had comfort rocks that he carried in his left hand during all surgeries/c sections. He dropsd it "with the force of a body builders punch" he said. Aunt Rockface lives a good life at least.
Looking at how far these guys came already and that they sold and delivered 6.000 coolers already, I think they could have a job and do this. Seems manageable to me. I think some sharks having the 'I gave up a lot so you should too' mentality is a childish one. I get that people need to invest and commit, but at the same time these two guys proved already they can do this.
I agree with the 'no patent in India' and 'maybe a one hit wonder' arguments. I would bail on these reasons as well.
As an Indian I can say not many would buy it... we'd rather stick three wooden twigs as wickets n start playing rather than pay for something like this
When Steve closes his notepad you know he is out
Just because you faced hardships doesn't make it right to shame people who didn't have the same experience as you.
I'm I the only one who thinks the Sharks are wrong here ? I get the mindset and sacrifice to do whatever it takes to make your business succeed, but putting your self and your family at Financial Risk is truly stupid in my opinion. I can't believe they want them to quit their jobs to take this product seriously. Also, don't forget they're already investing full time on this product working after work.
DJ Kewi
You know what, I am going to subscribe to you for being the smartest person I’ve seen in this comment section.
Well I see your point, however, only one job can have your undivided attention. If they weren't asking for other people to invest I would agree with you. Since they are wanting to risk someone else's money I agree with the sharks, If things go wrong because they were busy working their day job it would be the sharks who lose the money. They would just have lost their time. Plus you have to factor in the time that the sharks themselves would be investing, Plus the time the sharks are paying for their own employees to invest in. The two guys are off building someone else's company up while their own company sits on the sidelines sitting idle while the shark(s) money is in a holding pattern. You have to look at both sides. It is their company now but take investors money and it isn't just your company anymore.
@@ab-cn7ki Michael, here's my counter to your point of view.
1) The job you love will have your attention, in this case it's their business. It's actually counterproductive getting distracted everyday thinking about how you will pay the mortgage, feed the family, pay insurance, utility, daycare, and all the drama of finance.
2) The business is already making money here [ $250,000 gross profit ], but not enough to replace their salary, at early stage of business YOU DO NOT want to take money out, reinvest every dim, which is the more reason you should not quite your job.
3) You mentioned about shark loosing money, but not the owners, that is not true. If you listen to the episode, they have patent in multiple countries, gross profit of $250,000, existing investors [ I bet family and friends ], owners investment that includes operation cost, design, and patent cost [ Patent cost $20,000+ X multiple countries ]
4) You also mentioned, the time a shark would have to invest. Did you hear the lady with the red lipstick saying, she will introduce them to 1-2 people [ already has connection] and just license it [ smarter move honestly ], and she gets 20% of any profit Indefinately! PLUS she gets her original $200,000 loan back.
@@AnimeActionLover Oh no doubt these "sharks" are more bottom feeders then anything. However, if they had 250k profit then they don't need capital They are not they have made 250k gross. Here in America Uncle Sam would have a huge portion of that 250k I would be shocked if after everything they have more then $50k Also did you catch the part where they have over a thousand of those units in stock? Yet they said they needed to buy more. That part threw me. That means they have over 89k in inventory. So why do they need more?. Also, I thought your comment was about business in general. So I still stick to these guys at least one of them should be willing to give up their job. They have over a thousand units they should be out selling If they accomplished this much doing part-time imagine what they could do full time. I know that the stress of finance can be crippling. I know that very well. I have lived it for a few years now. However, if starting and running a large successful business was easy then everyone would do it. It takes real devotion. If I wanted to be the best punter in the NFL I wouldn't spend the majority of my time Just holding the ball for another player making him better. Another thing and I don't mean this to start a fight or anything. I am in the USA I love Australia They have so many more things right about their Government then we do, With that said I thought our version of Shark Tank was stomach-turning and our sharks were greedy. Our sharks have nothing on Australias sharks lol
Yes India is the biggest cricket market they're selling coolers though
Mansi Veer True!😂
I kind of understand their point because as an investor mentioned people who aren’t fully committed just will not work as hard and since they have a safety net to fall back on they’re more likely to give up.
A whole different positive vibes in the room after the deal in Shark Tank Aus
On the other hand, in Shark Thank US
Kevin O'Leary: You didn't take my deal. Get out. You are dead to me!
The inventor in the dark blue jacket is gorgeous. 😍
Was thinking the same...hes the hottest Aussie ever invented
With his rosie cheeks! Reminds me of Stu from What We Do In the Shadows.
the guy with all the lumps and bumps on his face and the creepy smile?
First year of been in business for myself I was living off about £50 a week for food every other penny I made went into the business and I was lucky enough to of been able to retire a couple of years ago on my 45th birthday.
👏👏👏👏