Definitely, less than 1x trailing sales has to be one of the lowest valuations ever on Shark Tank, especially for a company that's also very profitable.
This is exactly why some low ball compared to what they really are willing to part with. See, the honest tactic doesn't work either with them because they still want more. I think in this case if he came in with 5 percent he actually would have gotten his 10 percent.
he needs to get artists with a big following to be ambassadors. He would save tons of money and have much more success than ads for that amount monthly
He was not accepting of artists he just wants money for his invention. It’s not new . The app camera Lucida works much better with an iPhone or android not a thing
The Ivy Leaguers, Investment Sector white collars, and other extremely wealthy 'I gave up a six figure salary to work on this.' (Obviously Expecting a greater salary... 'eventually') Those types...?
One thing I have never been able to do is draw for crap. My cousin is amazing, freehand, and I always wondered how she does it. Something like this is very interesting to someone like me who loves art but is terrible at it. I like it.
MONEY! (Bad 'Mr. Wonderful' impersonation) ...there are only so many businesses that went on Shark Tank... and fewer who got a deal... and fewer still... that are still.. well 'profitable' (let alone the few others who were massively successful without the 'Sharks', still quite a few... but they honestly probably lost some momentum since most businesses at some point plateau... like Ash Ketchum... at that first Pokemon League challenge...)
Every other week My mom would buy a color book for me, I learned how to draw from the images and traced them till I was 6 years old then drew them my self.
the moment he said he has "70k emails about people interested in art" the value of his company went up by 10x too bad there was only 1 shark left so he couldn't capitalize on it.
Simply have an adfiliate program and give a % per sale... go to a toy, educational products etc convention. Sell to schools. Thata all he needs and that will bring in sales without the cost pwr customer
Millionaire just for some good idea. Just doesnt make sense for a shark. Their fans would need to be drawers, to niche. He can get cost of acquisition down by maybe going to art exhibits and word of mouth.
I don’t want to take anything away from this guy but somehow I felt like he was just looking for some exit Liquidity. Getting on Shark Tank alone will give him probably another million in sales + the 300k from Daymond and then he can sell the whole thing and retire happy
Any updates on this? Also, can yall please stop regurgitating the same videos just so you can get more views and earn more money on the same video? We're catching on to your BS and you will lose us if you keep recycling the same videos
@@ghanajunction the deal didn't go through. Look it up. Daymond ran up to him, he stayed stationary. He wouldn't even look at Daymond. He went on for publicity and didn't want the deal, which is exactly what he got. I'm stating facts bro. I don't dislike anyone. Even you.
@@idontthinkso4692 I just looked it up and there's not one search result saying it didn't go through and the others that actually have post show info say it DID. So what are you talking about?
![BOWKYLION - วิงวอน (ex-change) [Official MV]](http://i.ytimg.com/vi/cLdnZWDaO-w/mqdefault.jpg)
I’m gonna create a product just to get on shark tank so I can finally watch a new episode on TH-cam
The shark tank endless watching bot.
Lmfao 😂
8 years later
"ha, gotchu" is definitely not what someone wants to hear after making a deal
Lmaoooo
10:50 - ....yeah, you know that feels bad... real bad... 😅
Literally my first thought, and lo and behold, it was the first comment. Lol
😂
Daymond is trash asf
His valuation was extremely fair
Definitely, less than 1x trailing sales has to be one of the lowest valuations ever on Shark Tank, especially for a company that's also very profitable.
He should cancel the deal
his total sales were more than DOUBLE his evaluation
This is exactly why some low ball compared to what they really are willing to part with. See, the honest tactic doesn't work either with them because they still want more. I think in this case if he came in with 5 percent he actually would have gotten his 10 percent.
Great business.. fair valuation and he got only 1 offer.. Crazy, I thought it was going to be a shark fight
The product is very useful, but still complicated to explain to potential users; I think that was the main problem for the sharks.
Yeah I thought it was gonna be a better fight then the upcoming Tyson versus Jake Paul!😄
he needs to get artists with a big following to be ambassadors. He would save tons of money and have much more success than ads for that amount monthly
He was not accepting of artists he just wants money for his invention. It’s not new . The app camera Lucida works much better with an iPhone or android not a thing
I like this guy. And … I absolutely love the idea of his product. Thanks for the video.
I hope the deal never closed
It closed and company worth more than $25 mil now
Am I the only one that doesn't like Damon? I find him greedy, snobby, snarky and just overall cringy.
Awesome pitch, prefer these underdog, wip entrepreneurs to the stylish, cool people who already come from money
The Ivy Leaguers, Investment Sector white collars, and other extremely wealthy 'I gave up a six figure salary to work on this.' (Obviously Expecting a greater salary... 'eventually')
Those types...?
This guy really has been watching the show, and came in with good numbers
I dont like when the investors say u dont need the money like 😂 what😂
Translation: you're financially secure, so we can't completely rip you off lol
@@DocRealTalkOr... why are you even here? You HAVE a real business...get a regular bank loan or a financier like a normal well to do person.
Even if they don't get the money or the shark they know the exposure on Shark Tank will do them justice!
What do the sharks want? This checked all the boxes and they all backed out? Just bonkers
Not a product that you can millions of, it's kinda niche. That's why.
@@ssabonissAnd the range of customers is very small, not a lot of people would spend $100+ on something they’d forget about after a few days.
Daymond should act movies😂😂, he is quite funny
"70,000 emails? That's like talking dirty" 😂😂😂
One thing I have never been able to do is draw for crap. My cousin is amazing, freehand, and I always wondered how she does it. Something like this is very interesting to someone like me who loves art but is terrible at it. I like it.
I've done incredible wall murals with a projector . Turned out absolutely Beautiful ❤️ .
Only the creative guy left and he knows art and Damon started from T-Shirts very creative guy he is! Right on Damon!
10:36 Damon turned into Kevin for a second there.
This was really inspiring
Finally a Daymond deal
And he robbed the guy blind.
Daymond is so sleezy
very unlucky for him
Solid episode
Update: Company still runs and makes about 1-2 million in revenue every year.
Impressive come back for the guy. His offer was great too. Seems though the sharks didn't believe his success story enough to fight for this
We used one of those drawing thingies in High school!
I don't understand why he didn't play a video of what his product does for the sharks and the viewers
I used one of these about 20 years ago... it must have been 2005ish
The app camera Lucida works much better . I use it every day
Great comeback!
Can you guys post new ones and stop posting the same ones month after month?
I’ve never seen this one before
MONEY! (Bad 'Mr. Wonderful' impersonation) ...there are only so many businesses that went on Shark Tank... and fewer who got a deal... and fewer still... that are still..
well 'profitable' (let alone the few others who were massively successful without the 'Sharks', still quite a few... but they honestly probably lost some momentum since most businesses at some point plateau... like Ash Ketchum... at that first Pokemon League challenge...)
They probably have contracts with certain streaming services and channels that they can only release the new ones after enough time has passed
There’s only so much episodes, you can buy the show on Hulu or google play
They want you to pay to watch the full episodes. I miss when youtube had full episodes for free
What a comeback
I have one. Love it and my 8 & 11 years old love it also. 😊😊😊😊
I’m trying to do the same thing I love it 💪🏾
Great turnaround for this guy
Every other week My mom would buy a color book for me, I learned how to draw from the images and traced them till I was 6 years old then drew them my self.
Great, more regurgitated episodes that we’ve all already seen!
Crazy, I've seen the tool on TikTok 😮
this was filmed some years ago
Daymond is a genius easy decision calculated right
this guy is inspiring
D A M O N. Love Him.
It's Daymond.
its lunch time
0:52 - ....not for long... 😅
Nope
the moment he said he has "70k emails about people interested in art" the value of his company went up by 10x too bad there was only 1 shark left so he couldn't capitalize on it.
The Lucy drawing tool sounds cool, but is it worth the hype? 🤔🖼 Could it really make anyone an artist?
Was that the look at the end of not closing a deal lol.
I honestly thought it would have been perfect for Lori and QVC. Oh well.
i want this product, do you guys ship to europe???
Time for lunch again
Simply have an adfiliate program and give a % per sale... go to a toy, educational products etc convention. Sell to schools. Thata all he needs and that will bring in sales without the cost pwr customer
He coming here for more exposure for his product..
How can anyone think that facial hair looks good?
Millionaire just for some good idea. Just doesnt make sense for a shark. Their fans would need to be drawers, to niche.
He can get cost of acquisition down by maybe going to art exhibits and word of mouth.
I don’t want to take anything away from this guy but somehow I felt like he was just looking for some exit Liquidity. Getting on Shark Tank alone will give him probably another million in sales + the 300k from Daymond and then he can sell the whole thing and retire happy
something about Lories wig
Good one!
That’s like talking dirty 😂😂
Schools need it
Tim's Vermeer
nice dude
Great product
this guy is my uncle lol
Any updates on this?
Also, can yall please stop regurgitating the same videos just so you can get more views and earn more money on the same video? We're catching on to your BS and you will lose us if you keep recycling the same videos
Breakfast Sandwich
He should have asked for 5% and negotiate to 10%
Honestly giving damon 15 seemedd like an L
Sucks he got damon
Really really really sucks! It should have been Lori or Mark. Daymond was even greedy considering that the guy's offer was reasonable
He could have said NO... and simply walked away, he could've gotta financing from a bank or other investor... why'd he go to Shark Tank?
Why does that suck? Do you know what connections Daymond has?
What connections does Daemon have?@loveconquersall419 - also have you seen the videos how he screwed many people over who he partnered with...
Company is worth north of 25 mil now. I’d say it was a good partnership.
WHY IF HE MADE 10 MIL. HE STILL NEEDS A SHARK
Mr wonderful, is the show😂fantastic entertainment
I live shark tank😊
That dudes face screamed he didn't want to work with him. He took it knowing it wouldn't go through.
What made you say that you must just dislike Damon
@@ghanajunction the deal didn't go through. Look it up. Daymond ran up to him, he stayed stationary. He wouldn't even look at Daymond. He went on for publicity and didn't want the deal, which is exactly what he got. I'm stating facts bro. I don't dislike anyone. Even you.
@@idontthinkso4692 I just looked it up and there's not one search result saying it didn't go through and the others that actually have post show info say it DID. So what are you talking about?
Surprised none of them mentioned making a toy version for kids, I mean all kids attempt to learn how to draw, no
Just sell the kids the real one. It's affordable enough
W deal
Repost..
Sharks- you have amazing sales im out
I think that AI beat him to it😅
new video yeeEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEESSSSSSSSSSSSSSSSSSSSSSSSSSS
Disappointed is immeasuable!
This company is worth 3 billion!!😮
What is that beard
He’s stuck in the early 2000s
❤
saw this already
Can you say COVID bounce? My guess is that his 'growth' fell off a cliff in 2021, hence why he's here...
👍🏻👍🏻
Investor dogs don't want to invest in someone they can completely rip off...what a surprise lol
but, someone invested... and even said 'Gotchu' after their preferred deal was accepted.
Damian a creep
Hiiiiiìiiiiì
.
Daymond sucks
dang im early
Worst shark