Sharks Reassure Emotional Entrepreneur | Shark Tank AUS
ฝัง
- เผยแพร่เมื่อ 21 ต.ค. 2024
- First-time business owner, Alex Houseman is seeking an investment worth $250,000 in return for an 8% equity stake in 'Over The Moo' - his dairy-free ice-cream business. The ice-cream may be delicious but does he own the full rights to distributing the recipe?
Company Website: www.overthemoo...
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 #OverTheMoo #Shocking #Discovery
When he said he didn’t own the recipe, they cut to the earlier shot of them all getting up. I thought they were getting up to go beat his ass 😂
Joshua Benton me too lmao 😂😂😂
Hahahaha dead 😵🤣🤣
This actually made me cry a little I laughed so hard
Omg💀😂
😂😂😂😂😂😂
The manufacturers are laughing their asses at this guy! he’s doing all the foot work and they take all the money
I mean that's business 😂
nop they are seriously thinking of breaking his deal
"I was a businessman. Which is to say I was taking the profits from the company while other people did the legwork."
He didnt quite clarify what his deal with the manufacture is. They have his recipes, however they cannot sell his recipes as his brand if they were to breakaway from him. Which just means even if he does get dropped which he never did, he can use the 12 million he took home this year to find a new manufacture.
@@barodrinksbeer7484 where'd you find that he profited 12 million this year? tried a quick google search but couldn't find anything
Lol the girl in the truck watching his presentation the whole time like "damn, we might just get away with this"
🤣🤣🤣🤣🤣
God bless, Jesus loves you and died for you all.
@@annyms5092 Piss off
@@kaustubh5594 why?
@@annyms5092 screw off
Shark: Alex this icecream is delicious !
alex: - Thanks mate I'll let the owner know !
LOL
🤣
Plot twist: “I have poisoned you all, and I’m seeking an investment of $500m for each vial of antidote.“
😂
But there’s a catch, I don’t own the recipe for the antidote 😒
@@riffdex 😂
LOL
That's brilliant! Sounds slightly familiar.
All these sharks would be effed without Andrew’s question.
They still have to do paperwork and go over stuff before going thru the deal they'll notice it and prob negotiate or drop the offer
Most of these deals get cancelled after the show anyway because of issues
@@Nihyre source?
@@adoe2305 it doesnr need a source, someone can simply lie about numbers on the show its illogical to blindly make an offer and finalize it on a show, u have to remember the goal of this show is for entertainment. the investors meet with the business owners and go over everything to finalize the offer and most of the time a lot of things that were hidden pop up so sometimes the deals get dropped
@@adoe2305 He's not wrong. Majority deals fall through after the show. Very very few actually work out after the paper work is done.
He's like, my girlfriend was eating ice cream and I couldn't because I'm lactose intolerant. So I decided to go to the store, bought this delicious ice cream from the freezer aisle and decided to sell it as my own later.
instead he said he developed it. very deceitful
@@basharstats4482 he doesn't though. He literally said "20 months ago I got my first batch of stock from my manufacturer" he never says he developed it himself.
@@FaintImpression sorry mate but you just don't understand business lingo then. That makes it sound like he developed a recipe and ordered a batch off a manufacturer. Not that he bought an existing brand
@@zyncra3965 could you explain it to me of what happened here because I like to be informed and it’s never bad to learn business
@@NoctisSparrow Essentially he just went into the pitch but (probably) intentionally failed to mention that the recipe for the ice cream was not of his own making. Until being questioned further he never had the intention to say that. So he didn't "lie" per say, but he withheld very crucial information in relation to "his" business, which is actually not his own. He's just a representative
He's just a salesperson for the manufacturer, that's all.
christschool That’s true. He has no control over his business because he doesn’t own the recipe.
I just said that lol
christschool ; I TOTALLY agree. This is not a business and not even close to owning a franchise. This guy has a job. He will never make more than 70K because the manufacturer will squeeze the margins pegging him in. This guy needs to drop this product and make his own. Outside of that, he has a 70K / year job where he works as hard as a 100K worker.
he is a door to door salesman for a company. but has a ice-cream van
Yep, just WOW...
He should have taken the offer, cause he's likely going to have to make what he can from the business and then get out of it, learning from his HUGE mistake, cause he doesn't actually own the business, it's not in fact his. The only way he'll have real success is if he can convince the owners to sell the Recipe to him, but that clearly won't happen, they will likely want to do the reverse, buy the business from him, and he won't have any leverage, so he'll be forced to sell.
So he was crying because he doesn't own the recipe. Aaa, now it makes sense.
"It's so emotional"
:D
He misrepresented his business. He needs to go away.
I was gonna like you reply but your number was at 420, so I didn't wanna disturb the nature of the fantastic number
He had something in his eye
He had the strongest opening but it aged like milk
Exactly the crying ruined it. I kinda feel bad if it was real. That’s embarrassing to me
Haaaa
lie detector registered him as very deceitful. also invisible tears
O the irony ofit
Dammit this was good lol
The one who owns the recipe is getting the lion’s share of the profit which is why he is netting so little.
Yep
Hes just the middle man
He’s barely even a middle man. He’s more of a salesman. The manufacturer owns the recipe. The manufacturer packages and ships the product. The stores sell the product. All this guy has is the rights to the branding of the product for 6 months at a time and exclusive sales of the product for 6 months at a time. At any 6 month interval, someone else could potentially take over “his” product and sell it under a different brand. At any 6 month interval, he can potentially be priced out of any profit. He could loose his exclusivity, or the entire product for that matter, all while being under contract to supply xyz units per store that sells his brand. I don’t care how good the product is, I wouldn’t get involved with him, unless the investment was so that he could purchase the rights to the recipe.
Jason Jackson only somewhat. Most companies that have products in supermarkets make tiny margins. Just the way it goes.
patrick c They can tell him to get lost, which is what he should do.
When he said 3.5% profit I was like what?! 🙃🙃🙃 why are his costs so high lol
Then... OH! he doesn’t own the recipe!
Your beautiful can I write a poem for you
@@christophercruz1513 cmon dude.
If he doesn’t own the recipe what that means ...?
@@ncomokenyata4126 it means the company who owns it can cut out the middle man (this guy) and keep selling the product under a different brand name.
@@christophercruz1513 Ssssiiiiiiiimmmmmmppppppp
So that entire drama for it being a hard journey was for being a reseller of ice cream.. Right.
Ronove pretty much
Not understanding why he thought he could get away with that. They would certainly find out before they made an offer.
Ronove bruh the dude the owns moo ice cream has made 12 mill since then
@Ronove He made 3 mil since then, while you eat cold pizza and watch shark tank on youtube every day after a hard shift at McDonalds
@Ronove Lol you really are special aren't you? 3 or 12, this guy is a million times smarter than you (and a lot richer too). So as I said, be nice to your customers, I hope you can afford your rent now while not getting paid.
"Tell me about your struggles."
"Welp, I moved home." _Sobs_
😂😂😂😂
Yeah I was confused what I missed
little rich boy sobs because he had to move back home, I sobbed because I had to dress as a women to please a hiv infected pimp to give me 20 bucks to get somthing to eat for the night and he diddnt even pay me.... all this whilst homeless because my parents died in a skiing accident back in 1998.
poor guys, hes got it though *sobs*
@@jeremydewitte5952 what
@@jeremydewitte5952 Are you that police impersonator guy?
when they all got up at 8:30 after he said no i literaly thought they were gonna jump him lol
I’m dying
I'm done lol
loling so hard at the thought of this rn
That’s a flashback from earlier in the episode
LOL I did too..I have never watched the AUS version so I thought it's something they usually do! 😂
“Massively vegan” as opposed to what? Slightly vegan?
20 % carrott, 80% cow milk. Oh for fuck sake🙄🙄🙄🙄
I’m vegan except for beef
Im slighly vegan except I eat chicken
I'm massively vegan, but sometimes I'm so hungry i could eat a horse, and i do.
I'm 100% vegan between all my meals.
He was crying like he put blood, sweat , and tears into making it 😂😂 all he did was put a name on someone’s product .
Faaacts
He's created a brand though.
"I've poured my heart and soul into being a sales rep while mom & dad kept paying my rent."
😂😂😂
I am surprised the existing product did not chase them with a complaint
Hello Sharks, I'm here seeking $250K for my invention of this lovely car. What? No, I don't own the patent for the engine. Or the design. In fact, it's not even my car.
Good old fashioned rebadging. At least sometimes they changed the styling.
I literally was out the second he started to fake cry
Don't understand why he was so emotional. All he did was take someone else's product and slap a gimmicky name on it.
It's aaaaaa journey
Brian Liscum fookin aussies lmfaoooooo 😭😭😭😭😭😭😭
@dormie basne maybe he was embarrassed he had to move back in with his parents
dormie basne yes a baby. Trying to soap up attention
He stopped the tears and went back to his normal voice way to quik lol
But remember, these type programs are greatly edited.
Too*
Who else read the title as them discovering the recipe right after the offer?
69 Subs before 2025? i literally still thought that was the title until i read this comment and i’m 7 minutes in
@@robinhealey4448 same exact case
me
It's just clever wording, they knew more people would click on the video if they just skimmed the title.
Didn't notice until I noticed your comment
This entrepreneur basically wasted the Sharks' time. If you don't own the recipe, you have no ownership of the food product.
I wouldn't even call him an Entrepreneur. He is just a distributor
That’s not exactly true. Based on what he said it’s not like if he pulls out that the company can just go use the recipes with some other company, the IP is theirs but it’s can’t be sold outside of his trademark. The problem is the manufacturer needs him a lot less than he needs them. They have probably dozens of clients that can soften the loss of one brand if negotiations get tough. He only has one manufacturer. His strategy would work a lot better if he was working with multiple manufacturers so negotiations with any one of them wouldn’t be as dangerous to his brand. Separately he should be establishing his own in-house food science lab to develop new IP that’s owned by his brand even if he never invests in a factory.
The pitcher is a reseller
The fact he doesn’t own the recipe makes so much sense as to why his profit margin was so low
Its surprising the existing brand allows them to use their recipe under a different name
@@rdu239 That happens all the time.
His invisible tears were gluten free, too.
Vegas Alien LOL
Laura Lee and Jaystation tears type beat
LOLLLLL
What a simp
Dairy free and gluten free..... NO SHIT 😂😂😂
omg being an ice cream reseller is so emotional. no, hes crying because his parents are laughing their ass off at him for being a lie and a scam
I must say I do like shark tank in Australia better. The sharks are so much nicer and they ACTUALLY accept or are open to counter offers unlike USA shark tank.
I wonder if he's actually even lactose intolerant...
Very good point that everyone missed. I would have called him a con artist but then he didn't accept the foolish offer by the last dragon.
@@AlphaCentauri24Perhaps that was the reason he didn't want to go with it as there is another card up his sleeve.
haahhaahahhaa
Me 2
Yeah, he never had watch game of thrones too!
The way Andrew looks up while writing with one hand makes me think he's always just scribbling on the page 🤣
To turn down that final offer when you would still own 60% in a business where profit margins are very low and you don't own the IP is a big mistake and crazy! I really don't think he came in for an offer just the promo!!!
Well apparently his business did really well after the episode so maybe.
God bless you.
@@FeedingFrenzy91 Maybe his business could have quadrupled with a shark! His appearance on that episode helped!
Problem with hipsters, they often live in a bubble.
@@magenterprise6340 Probably, if it really is good ice cream made from coconut milk a shark could have taken that international me thinks.
God bless you.
@@FeedingFrenzy91 He can't really go international if he doesn't control the IP. We'll maybe he could, but the moment the original manufacturer decided to step in, they will take over a ready made market and there's zilch he could do about it.
He wasn't crying for the sentimentality of the journey. He was crying because that's the natural response people have after being robbed.
Hes literally just the middle man making 3.5% its like buying a Hershey bar for a dollar relabeling it and selling it for $1.03
And also telling people you came up with it, the worst part is he should have made the recipe himself.
He’s doing tons of work, marketing, branding for 3.5% commission. Bad deal.
he literally rebranded somebody else’s recipe.. he could’ve done better
It's more like he came up with the recipe to the hershey bar, didn't have the funds to create it, went to a manufacturer, they bent his ass over, and now they own the IP.
@@user-zy1ru5hj3n God you're dumb as shit
@J O yeah it wasn't clear if he came up with the recipe and licenses it to the manufacturer or it's their recipe and his just doing marketing for them. Essentially tho if he did come up with it and his doing the marketing for them , and selling for them, he stuffed up big time , if it's his recipe and he cut a deal with the manufacturer, he should be getting the 3.5% and he should be sitting on his chair eating a tub of icecream and getting checks in the mail .... But if he didn't come up with it, his simply a distributor , nothing exciting about that for the sharks ... As a first time business man tho , you can make these mistakes
He should have taken 40% not owning the recipe.
I thought the same thing. I figured they could have tried to create their own recipe and just use his brand and connections to keep building. Its just ice cream and not a damn microprocessor or something that requires tons of R&D and specialized equipment to make.
@@wyaldkingdom It’s not specialized but you can’t distribute to major chains from your parents house. His plan frees him up to expand the brand while someone else deals with the day to day headaches of manufacturing and distributing the product. It sounds like he had a great idea but had zero idea how to actually make the product. There’s not a company in the world that is going to do all the work and then let the recipe walk out the door once it succeeds.
@@dalastdon2574 All he'd need to do is create the recipe and license a manufacturer to make it for him. He'd still be freed up to expand his brand and not have to deal with the headaches of the day to day manufacturing, but he'd get to keep more of the money instead of being beholden to the manufacturer.
@@Eidolon1andOnly If he could’ve come up the recipe, he would have. He had an idea and someone else did all the hard work.
@@dalastdon2574 yeah, and the net profit reflects that. They would have better returns investing the manufacturing company
He was really planning on making a deal without sharing that little tidbit lol
He's nuts for turning offers down considering he just wanted free publicity for a recipe he doesn't own.. #conman
Actually, that's WHY he turned down the offer, because he wouldn't be making ANYTHING if someone else was taking 40% of his profits. Then you tack on the Distributer potentially raising the price, and he would be making even less.
This guy is just a reseller, thats not a business!
Reseller is a bit of a stretch, but yes, I agree with what you mean.
Lmao...Reselling is a definition of business. He's just not a manufacturer is all
He does not have control over the price of supply. He cannot shop elsewhere or bargain for lower price as volume increases. In fact, as thy pointed out, the price of supply will likely increase as he becomes more successful. He works for the owner of the recipe.
maybe he has distribution rights, wasn't clear. If they are exclusive for a number of years, the business could be viable, if not, the manufacturer will get in thanks to him and do the deals themselves after.
@@Locutus reseller is accurate. All he's doing is taking someone else's product, putting his own label on it and selling it to other shops.
Give me a break with the lactose intolerance story..there is like 20 vegan ice creams on the market. (eye roll emoji)
Take this 🙄
This was filmed in 2017
But they taste crappy. Apparently all the sharks enjoyed this one
Christine M (cringe emoji)
More like give me a break with all the ice cream businesses
These aren't sharks these are dolphins😂 way too nice!
The American ones are like rabid 28 days later zombie megalodons compared to them
@@girishmahajan3646 the Dragons Den is even more savage most of the time tbh. You should check it out if you havent already.
I have seen some episodes. It is crazy.
Somebody get Kevin o Leary and Mark Cuban
Kevin would destroy him and scar for life
How can he walk into the Shark Tank selling someone else’s business... He should’ve came up with his own recipe
They should have asked him about his background at the beginning.
Roy Golan that’s the first thing they do in dragon dens uk
@@cassandrahenry yeah Deborah would've been all over him for a patent
background check you mean
The CinnaMan Duncan would’ve spent the whole time confused about where the udder is on a coconut
Yeah, they should have asked about that at first
Plot twist: the manufacturer and owner of the recipe is actually the girl inside the truck
Really
plot twist: its actually the truck itself that is the ip owner
8:31 I thought they were going to beat him up hahaha
And that's why you will never be a shark.
I'm out.
“Thanks a lot Andrew” kinda felt shady because Andrew was the one who brought up the recipe
The receipe owner is smiling all the way😂😂😂😂😂😂
“Let me cry to avoid the question”
When the last shark was about to offer I was expecting 250k for 80 percent or something that big but he made it for only 40 percent..........that was a good offer.
At 3:03 the way Janine was handling that spoon was the highlight of this episode.
The dope cries like a fool them we discover that all he is doing is using someone else's recipe .
HONESTLY
that's when i'd be smart and change the recipe 10% before I go on there, that way he can say it's his recipe ;)
@@tarafield304 the thing is he doesn't know the exact recipe. It isn't his. He's just relabeling someone else's product.
Yes that was pretty dumb
Really surprised that when he said they sold a large amount and returned like... almost nothing... off of a specialty food...
I’m just surprised the first question wasn’t “Do you own the rights to this?” Or asking what’s eating so much profit?
Should have taken the deal.
I bet the shark would have helped him leverage getting the rights to the ice creams to own it to make decent money.
Getting leverage would be really hard. Especially because he doesn’t make the price point. He just owns the the label. Any 6 months when the actual owners set the price they can just say “hey we are increasing the price 1000 percent” knowing he will have to leave and just make a label themselves. It’s ridiculous he thought the label alone was worth over 3 million
Since airing of this episode, the company tripled it's revenue to 1 million, got into most store shelves in Australia and is still going strong today.
hes not even in coles or woolies anymore.
Whats the profit tho
@@vv1975 Yeah, its on the websites but out of stock at both Coles and Woolies and Coles stopped renewing orders in 2019. He's still in independent stores (IGA I'd guess, pretty sure I've seen it there).
Barbara: I’m not Australian and for that reason I’m out
people comment the same kind of thing in brazilian Shark Tank LOL
ya I was wondering why he never mentioned how he came up with the taste like he did really care about the praise over the taste.
8:30 Steve's realization is incredible XD
“This is good, like really good” Janine 2020
For that reason I'm out
@@Pwn3dbyth3n00b SO WE DO HAVE JENNY??!! ANSWER ME RIGHT NOW!!
I think had he pitched it as a “I need money to buy the IP and expand globally” type thing it woulda been better
“Here, try my ice cream.”
“Oh, your recipe I see, fancy.”
“It’s others’ recipe but my own brand.”
What in the actual fuck?
Youd be shocked how many businesses don't own their ip.
4:45 - Glenny boi in empathy mode almost tearing up for this fella's back story..
NEK MINUT
4:51 - *Glasses appear on head* STR8 to the hard facts
LOL
With that evaluation Kevin O Leary and the rest of the sharks wouldve thought they were insane.
This guy looked shady af from the beginning and that crying was embarrassing... Becusse it was so fake
For those unaware. They don’t actually close on the deal until AFTER they check out everything off camera. So they can agree on camera then refuse after they do more digging. Either way just for appearing the show producers get a % of equity in the company.
no way??
in US shark tank this has been removed in 2013. I didn't find any info on AU.
Janine’s personality is just awesome
Lmaoooo this guy is acting like 250k for 50% of “his” business is too low!?
Right. Especially considering his business doesn't even own the product it sells, the manufacturer does. The manufacturer could simply raise the price beyond his ability to sell it or get a new distributor. His "business" has zero stability and is very risky since the manufacturer owns his product and has all the control. Def. should have taken the money.
should of called the product 'crocs' after his fake ass crocodile tears
Max Prior - underrated comment bro
Sharks: Your coconut ice cream is good man, sooo good.
Alex: I know right, and they are not even my coconuts.
😂😂😂😂😂😂
Someone can just use the same recipe or similar one and make ice cream sandwiches out of them and sell in Australia with $250K. US Shark Tank just had one woman who made a deal with Mark Cuban with coconut ice cream sandwiches.
Yeah I saw that episode. It's not always about recipe, its about branding. The Coconut Nut girl had a growing brand that she owns while this entrepreneur, Over the Moo, owns nothing.
Guy: I moved home *sad* and my parents are super supportive *sob*
Sharks: we’ve all been there it’s okay
😂😂
People on this show never seem to understand that the value is in the IP. Without the IP, the company will go under at the drop of a hat.
The more money the product generates, the more expensive the license. Dude was making $70,000/year. He could live on $30,000, and invest the rest, be retired in a few years.
Or just get a job for a $70k withouth any risk you know.
The unintentionally hilarious backstory would've been the first red flag, "watching Game of Thrones while my girlfriend was eating ice cream straight from the tub... like a maniac 🤣"
his "gf" was his lil sister. let that sink in
When andrew asked that question, I could tell that that guys heart dropped
So when he was first developing this product, did he go to a manufacturer that already had a coconut ice cream recipe and just used theirs? Essentially private labeling the existing ice cream and then getting an exclusivity contract afterwards? What is the perk of this over just developing his own recipe from the start?
The perk - he doesn’t know how to make ice cream.
0:34 Bad boy! Andrew stole that tub before Alex handed the Ice cream to them.
He got strongarmed to sign that perpetual contract I'm sure. I've been close to doing something similar to save time and money but was a good decision luckily to go the extra step to have total control.
What’s the coincidence that I’m eating ice cream straight out of the tub right now 😂😂
As someone from the states, I'm so confused as to why they are mentioning coconut milk ice cream like it's a new thing. There are a TON of non-dairy ice creams in the US. Most of them coconut milk-based too. Does Australia not have the milk alternative brands?
'I'm 28 and I'm from Sydney'
-*Steve about to ask where ya from mate*
Steve:*damn*
Kinda sad to see all these comments attacking him, I think the whole situation is pretty sad. He comes up with an idea for ice cream and then only thinks he can make it and sell it by partnering with a huge manufacturer, not knowing that it would screw him over and make him lose the rights for it. No wonder he was crying.
Also good news, in an article I found googling it seems the business is now successful and it says this:
The pitch also gave him a “kick up the bum” to “remove all the ambiguity” in the relationship with his manufacturer and take full control of his IP. “If I could do it all again, absolutely I would have sat down beforehand and sorted all this out,” Mr Houseman said.
So shame on the people commenting here saying he had nothing to do with it's creation. It's obvious he was a naive person who didn't know what he was getting himself into, so good on him for sorting it out
That’s not true. He approached a manufacturer with a broad idea of “good tasting coconut ice cream” which is likely to be something they already had cooked up waiting for someone to request it. They paid their employees to develop it, refine it, test it, and register it. He simply took a contract to sell their product which of course they will set all terms on.
If i had a company I would honestly hire him to work for me because he sold me and everybody in that room on the product.
1:15 "our marketing poo bum" lol, that's all I heard.
I thought he said fubar, lol
"WOW, that was an emotional roller coaster!". No, and you made it worse by giving me the play-by-play.
He came as a rep for the company he doesn’t own. No offer would have been accepted. Probably paid by the actual owner to rep the ice cream.
He just came for the exposure to shark tank's audience.
you went door knocking?!.. wow that's amazing! you did all the hard work!
thank you!.. getting emotional thinking about it
so how did you come about making this recipe?
I didn't, I bought it from shop and now I'm selling it back to them
"I don't know why I'm getting so emotional"
Its probably all the soy
Steve loves all the sweets. He’s the best! However, had they made this sugar free, it would be huge for the paleo and keto people. There’s too many lactose free ice creams on the market.
No sugar that can't be good
asd asd use stevia
How about i stick to sugar people have been using it for a couple years now and seems fit for purpose & natural
Ben & Jerry's already have multiple vegan options
He said for example. Listen bro
But they aren’t gluten-free
Over the moo actually hit the dairy free market in ice cream before Ben and jerry's did. Over the moo also does yoghurt too.
If his emotions weren't genuine, he should scrap the ice cream biz, and go into acting. 😉
The most realistic he could've gone, is to get a shark to meddle in the next contract agreement and prolong the contract life to at least annual, or ideally, biennial.
So even if a price hike is inevitable, at the very least it wouldn't happen every 2 quarters and you have a lot of time to look into securing a possible different manufacturer OR scatter to find an expert who can possibly reverse engineer the recipe.
Steve: Where in Australia are your coconuts about from Mate?
Crikey mate
Where did your coconuts wake up this morning mate?
Lovely neighbor TL(?)
@@Thursday-ck7hx hahahahahaha
@@AllisonLinner hahahahahah
LMAOOO he was about to getaway with it.
The next step would be to secure the rights to the recipes or form a real partnership with the manufacturer. It would be the only way to secure financing to scale up.
There’s just one problem. It’s not my product. We have another Mark Zuckerburg. 😂
😂😂😂
TimeSnake don’t forget bill gates
nothing like Zuckerburg, good one moron
🤣🤣🤣 Truth.
Zuckerberg had to pay out to the twins they invested in bitcoin . Let that sink in
I have observed this phenomenon in Shark Tank Australia : People put projected valuation in seeking initial investment and even sharks entertain it. This would never fly in American Shark tank. The investment is always made with respect to current valuation of company.
Lol where making that same recipe here in the Philippines for a long time because we have plenty of coconuts here. Take note our mangoes are 3 times more delicious and sweet than other mangoes.
Multiple offers and all sharks interested
"You own the recepy right?"
The guy: OH SHIT
Recipe 🤣
Recepy?
I think there's been a different damn coconut ice cream on every version of this show .
I was wondering who was screwing him, those numbers didn't add up. When he "makes it", he will be priced out and kicked out by the owner of the IP who will sell or lease the recipe to a current major ice cream brand, they may even buy him out if he is lucky.
All he has is his brand and contract/s, poor guy sold his dreams.
I feel like what he means is, he had the idea to use coconut milk for ice cream, came up with flavors and names and such, and then found a manufacturer that was willing to make it for him under the circumstances that he sells a certain amount of units. It’s like when celebrities come out with make up lines, but all they technically do is come up with the idea of the product (like Kylie lip kit) and colors, design, advertise it but it’s actually the manufacturer that’s making the product itself.
He gave the distinct impression that he had come up with the recipes. Pitch was strengthened with fake tears and living (rent-free I'm sure) with his parents.
Entrepreneur my @r$e 🙈
Who else is at home thinking damn I wish I had one of those right now
"Today is Tuesday and for that reason I'm out"
What a disgrace lol and
" Today is Monday and for that reason I'm out"
I love it when Sharks get hungry for food samples HAHAHA