Shark Tank US | Two Sharks Team Up To Make Phoozy A Deal

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  • เผยแพร่เมื่อ 24 ก.ย. 2024
  • Kevin Conway and Josh Inglis are seeking $500k for a 10% stake in their company Phoozy.
    From Season 12 Episode 19
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    About Shark Tank: The Sharks - tough, self-made, multi-millionaire and billionaire tycoons - continue their search to invest in the best businesses and products that America has to offer. The Sharks will once again give people from all walks of life the chance to chase the American dream and potentially secure business deals that could make them millionaires.
    #SharkTank #SharkTankUS #SharkTankAmerica
    Shark Tank US | Two Sharks Team Up To Make Phoozy A Deal
    / sptv

ความคิดเห็น • 1.1K

  • @chevyboy37
    @chevyboy37 2 ปีที่แล้ว +2734

    All sharks owe Kevin a lifetime line of royalties for always paving the structured road to they're success/deals

    • @Robert-iu2ou
      @Robert-iu2ou 2 ปีที่แล้ว +71

      Seriously, he jokes about it, but ive seen it work more times than i could count on one hand

    • @Silentmonkey213
      @Silentmonkey213 ปีที่แล้ว +1

      Facts

    • @lionslicer9999
      @lionslicer9999 ปีที่แล้ว +31

      I remember when the show first started and they would all scoff and moan when he'd offer a royalty deal. Now they all do it.

    • @tkyeo7642
      @tkyeo7642 ปีที่แล้ว +1

      Yep he's being leapfrogged constantly these days

    • @nasara690
      @nasara690 ปีที่แล้ว +16

      And the entrepreneurs all owe him for squeezing the other sharks so they get great deals lol

  • @Maver1ck101
    @Maver1ck101 2 ปีที่แล้ว +3959

    I like how Kevin gets the ball rolling by setting the "structure" of a deal, then everyone else jumps in and just modifies the numbers. 😀

    • @sweetpeaches6916
      @sweetpeaches6916 2 ปีที่แล้ว +36

      Fitting for the name of the show , I love it 😂😂😂

    • @Twat.Waffle
      @Twat.Waffle 2 ปีที่แล้ว +124

      You are 100% correct. He’s not the richest, but Kevin is definitely the smartest

    • @Se7enLuckyslevin
      @Se7enLuckyslevin 2 ปีที่แล้ว +26

      Cuz he’s too greedy sometimes

    • @JM-dy4ty
      @JM-dy4ty 2 ปีที่แล้ว +15

      @@Twat.Waffle Lori has the Golden touch

    • @casemods
      @casemods 2 ปีที่แล้ว +1

      @@Se7enLuckyslevin too*

  • @SuperOpposum
    @SuperOpposum 2 ปีที่แล้ว +1311

    Love the fact that no matter how "not nice" Kevin comes off, he ALWAYS acts like a true sport when losing a deal

    • @homepc1519
      @homepc1519 2 ปีที่แล้ว +13

      that's what happens when you lose a deal like "ring"

    • @Slashresto
      @Slashresto 2 ปีที่แล้ว +34

      So thats why he ended the clip by saying "Thats the stupidest deal ive ever seen u do"

    • @words007
      @words007 2 ปีที่แล้ว +11

      Unlike rest of em, Kevin is perfect example of growing up very very Average not poor not rich to know exactly what and how world works, he is the only realist on the table he is not optimistic or pessimist. Thats why someone like Kevin can never invent something, but he can very well be the best damn manager of anything.

    • @daliovic24
      @daliovic24 2 ปีที่แล้ว +1

      Yeah, you're dead to me

    • @agerisk
      @agerisk ปีที่แล้ว +3

      did you not hear the part where he says "that's the stupidest deal I have seen you do on shark tank" 🤨

  • @hacked9032
    @hacked9032 2 ปีที่แล้ว +5138

    Honestly, Kevin is my favourite shark. He improves the deals for entrepreneurs and doesn't cry like Barbara or Mark when he loses a deal

    • @gspanie87
      @gspanie87 2 ปีที่แล้ว +492

      And he always let's the entrepreneur hear other offers.

    • @hacked9032
      @hacked9032 2 ปีที่แล้ว +52

      @@gspanie87 precisely

    • @calebd2105
      @calebd2105 2 ปีที่แล้ว +66

      Best watches too

    • @CHLOCHLOLP
      @CHLOCHLOLP 2 ปีที่แล้ว +20

      yea i feel like people take the others offers more because they are more personable and charming.

    • @hacked9032
      @hacked9032 2 ปีที่แล้ว +41

      @@CHLOCHLOLP I doubt that the reason. The other sharks have a very specific skillset, which I think that kevin lacks upto a certain extent.

  • @tariqirshath5972
    @tariqirshath5972 ปีที่แล้ว +648

    So no one's gonna talk about how Daymond did all the testing and just sits there later without saying I'm out 😂

    • @damonkooy5810
      @damonkooy5810 ปีที่แล้ว +30

      I think it was because Lori and Robert were so passionate about it that they made an offer beyond him.

    • @Aqonezero
      @Aqonezero ปีที่แล้ว +1

      😂

    • @Camibug
      @Camibug ปีที่แล้ว +24

      Or how he just stuck his hand on the dry ice! The guy should’ve given a much more clear warning, I think that dry ice could’ve really hurt him.

    • @manjunathmajety
      @manjunathmajety ปีที่แล้ว +1

      lmao 😂😂

    • @nanaman
      @nanaman ปีที่แล้ว +5

      I’m so glad I wasn’t the only one who caught that

  • @jacobwonder6735
    @jacobwonder6735 2 ปีที่แล้ว +368

    I love how he waited till the END to say he gave up his spot at the Le Mans. Dude is genuine.

    • @dirt_xo
      @dirt_xo ปีที่แล้ว

      Yup, also crazy mental. Hope he gets another shot at it. Le Mans is one of my favorite races.

    • @manoharjishnu2009
      @manoharjishnu2009 ปีที่แล้ว +19

      Ya my jaws just drppped hearing that. Like Robert said, don't know if I would do that for a shot at Shark Tank.

    • @KeithSpeaks1
      @KeithSpeaks1 ปีที่แล้ว +11

      Same. Huge racing fan. Conway wasn’t the best in the Cup series but moved on, giving up that spot at Le Mans is wild ha

  • @apllu17
    @apllu17 2 ปีที่แล้ว +1075

    Two sharks at 8% equity is phenomenal. Great Deal.

    • @Barakzainawid
      @Barakzainawid 2 ปีที่แล้ว +6

      Yeah it’s a great deal

    • @jax4217
      @jax4217 2 ปีที่แล้ว +92

      Because the sharks aren’t really taking a big risk . It’s like free equity. They both invest 250k and get $1 royalties till both reach 500k. Then they stay at 4%

    • @thebbiddim882
      @thebbiddim882 2 ปีที่แล้ว +35

      It’s a great deal for the Sharks.

    • @napoleon3026
      @napoleon3026 2 ปีที่แล้ว +1

      Tbey both investment 500k not 250K

    • @meisterz0611
      @meisterz0611 2 ปีที่แล้ว +23

      @@napoleon3026 they both invested 250k.

  • @J00hnn
    @J00hnn 3 ปีที่แล้ว +1021

    Robert was practically fangirling over these guys lol

    • @joshuad1716
      @joshuad1716 2 ปีที่แล้ว +137

      @@chiniechinchen nah, when he said he was a factory driver for lamborghini robert creamed himself lmao

    • @whiskybooze
      @whiskybooze 2 ปีที่แล้ว +2

      @@chiniechinchen I thought it was the racing for lambo haha

    • @timothyl2673
      @timothyl2673 2 ปีที่แล้ว +1

      @@joshuad1716 lmaox1000

    • @theanonymousfanatic
      @theanonymousfanatic 2 ปีที่แล้ว +37

      roberts face when he heard the guy gave up his seat at le mans😂

    • @switchunboxing
      @switchunboxing 2 ปีที่แล้ว +1

      He’s a dude. So fanboy.

  • @badmanno.1650
    @badmanno.1650 2 ปีที่แล้ว +368

    Kevin's the brains of this show I swear... the way he structures his deals... Top top business magnate... He opens the eyes of both entrepreneurs and sharks... And if he sees a useless product he ducks out quickfast...

    • @DiegoMoraless
      @DiegoMoraless 2 ปีที่แล้ว +12

      He actually seems genuinely concerned for the people pursuing bad businesses or markets and i can see his point of view most of the time

    • @Scott-got-caught
      @Scott-got-caught 2 ปีที่แล้ว +3

      @@DiegoMoraless he's mr wonderful 👍🏼

    • @dontbedummy8101
      @dontbedummy8101 2 หลายเดือนก่อน

      He is the soul of the show. That's why he always sits in the middle!

  • @Gabagool93
    @Gabagool93 2 ปีที่แล้ว +889

    This is a great product and idea. As a backcountry skier, I can’t tell you how many times I’d go out with a fully charged battery and it die within an hour just due to the cold. This product could save a life in the backcountry, no doubt.

    • @patrickpatterson3735
      @patrickpatterson3735 2 ปีที่แล้ว +4

      Very very true

    • @dailyrevs1320
      @dailyrevs1320 2 ปีที่แล้ว +37

      It’s funny cause, at first I thought the idea was stupid but then I realized I have 3 of these sitting in my garage 😂😂😂
      (not the same brand)
      I actually need em all the time when I go jetskiing. And it gets up to 120 degrees out here in vegas so B that fact that this floats AND it’s keeps my phone cool, it’s perfect

    • @thievingx
      @thievingx 2 ปีที่แล้ว

      really hope they do well

    • @Zirion123
      @Zirion123 2 ปีที่แล้ว +1

      such a niche market tho, unpractical for any normal users.

    • @kakaXxItachixX
      @kakaXxItachixX 2 ปีที่แล้ว

      Wow! I had no idea this was a thing, thanks for sharing

  • @xyzxyz7947
    @xyzxyz7947 2 ปีที่แล้ว +2622

    Great pitch. No dramatic language, no over the top smiling, no childish lines like 'so sharks, who's ready to protect their phones with us?!'. Very professional body language and presentation. And really great product
    Edit: Thanks for the likes guys :)

    • @4seeableTV
      @4seeableTV 2 ปีที่แล้ว +327

      And no sob story. "We thought of this idea right after our parents were killed in a cattle stampede"

    • @briangerard2145
      @briangerard2145 2 ปีที่แล้ว +16

      @@4seeableTV lol

    • @joshread3740
      @joshread3740 2 ปีที่แล้ว +36

      Yup. They're confident in their product and know it's going to be a hit. This is probably the first thing on Shark Tank where I think I'm going to buy one of these products.

    • @VivekForPresident2028
      @VivekForPresident2028 2 ปีที่แล้ว +3

      There were a few pitches which I liked - this one, nightcap, toilet timer

    • @inarimusa
      @inarimusa 2 ปีที่แล้ว +3

      @@4seeableTV 🤣

  • @monsterjamhighlights4752
    @monsterjamhighlights4752 3 ปีที่แล้ว +1622

    7:43 Lol Robert almost said “what’s $500 thousand?” 😂

    • @youtubeisrunbyamonkey
      @youtubeisrunbyamonkey 3 ปีที่แล้ว +370

      He caught himself real quick.

    • @jr-uu8eg
      @jr-uu8eg 3 ปีที่แล้ว +411

      😂😂😂 exactly, that's really how big-timers talk among themselves.

    • @zak6721
      @zak6721 3 ปีที่แล้ว +12

      Time stamp?

    • @dha588
      @dha588 3 ปีที่แล้ว +137

      I'm complaining about $5.

    • @monsterjamhighlights4752
      @monsterjamhighlights4752 3 ปีที่แล้ว +12

      @@zak6721 7:43

  • @tommyj6834
    @tommyj6834 3 ปีที่แล้ว +305

    Roberts eyes lit up when he said he raced for Lamborghini! Lol That’s his passion, Racing.

    • @bluack123
      @bluack123 3 ปีที่แล้ว +14

      I didn't know that, that is super cool he must be so excited to do a deal with somebody who has a passion that he shares

    • @tommyj6834
      @tommyj6834 3 ปีที่แล้ว +1

      @@bluack123 th-cam.com/video/N35i8CCsDVI/w-d-xo.html

  • @CANeelThakkar
    @CANeelThakkar 3 ปีที่แล้ว +329

    No one dares to ask Mark to help with the demonstration.. 😂😂 millionaires is the new middle class..

    • @stealthattack2209
      @stealthattack2209 3 ปีที่แล้ว +2

      Lol

    • @chimetsering5
      @chimetsering5 2 ปีที่แล้ว +3

      slowly it might become in united state.

    • @UnionSinger2005
      @UnionSinger2005 2 ปีที่แล้ว +29

      Actually, there’s an episode where Mark was asked to come up for demonstration. It was two guys who started Numilk company that makes fresh milk from ingredients like almonds, oats, etc. and was most impressed with taste/flavor. Kevin and Mark were only sharks who could comprehend company model and made offers. In the end, Mark offered two million dollars for 7% equity.

    • @ArchangelExile
      @ArchangelExile 2 ปีที่แล้ว +3

      @@UnionSinger2005 You got that recommended to you recently too, huh? And they asked him to do the demo because he's apparently vegan.

    • @UnionSinger2005
      @UnionSinger2005 2 ปีที่แล้ว +3

      @@ArchangelExile that's right. Based on episodes I've seen, Mark seems to be dairy and gluten free and is on a mission to get those businesses off the ground.

  • @fatherofamir
    @fatherofamir 2 ปีที่แล้ว +90

    At 7:40 Robert pumped his breaks real quick. He realized how bad the optics would have been with what he was about to say lol "what's 500k" lmao

    • @vegapreferred9344
      @vegapreferred9344 10 หลายเดือนก่อน +1

      Tells you alot about how much money these sharks have

    • @YoutubeWatts
      @YoutubeWatts 3 หลายเดือนก่อน

      Well spotted $500k to him is like $500 😅

  • @alphadevilll
    @alphadevilll ปีที่แล้ว +84

    What's amazing is that Barbara drove 940 miles next day to their work place to let them know "she is out" because they were trying to beat heat and cold at the same time and that was very confusing to her.

    • @arnavjoshi8131
      @arnavjoshi8131 ปีที่แล้ว +9

      LMAO

    • @BG1435q
      @BG1435q 4 หลายเดือนก่อน +1

      HAHHAAHAHA

    • @Grejegando
      @Grejegando 2 หลายเดือนก่อน

      Haha best Barbara comment

  • @manasgulati2815
    @manasgulati2815 ปีที่แล้ว +13

    So no one's gonna talk about the glimmer in Robert's eyes when the entrepreneur mentioned NASCAR cup and his racing career!! 😂😂

    • @BARB_BLOX
      @BARB_BLOX 8 หลายเดือนก่อน

      Extenze fiasco

  • @Scott-got-caught
    @Scott-got-caught 2 ปีที่แล้ว +47

    Kevin is the smartest investor, hands down. Very disciplined. Sticks to his investing criteria and doesn't chase a deal

    • @saraeissa4954
      @saraeissa4954 ปีที่แล้ว +2

      I would’ve definitely countered Kevin to at least until 750k. Venture debt for 2% makes sense, venture debt for 8% and 2 sHaRkS for the same amount money is dumb

  • @christophergarcia4117
    @christophergarcia4117 2 ปีที่แล้ว +255

    This guy gave up his seat at LeMans to be at Shark Tank. He deserves that deal.

    • @deemtz9641
      @deemtz9641 2 ปีที่แล้ว +70

      mmmh *looks up Lemans *

    • @darkwaterstag7068
      @darkwaterstag7068 2 ปีที่แล้ว +14

      @@deemtz9641 have a watch of Ford vs Ferrari. It'll explain Lemans and is an amazing film

    • @BrotherCheng
      @BrotherCheng 2 ปีที่แล้ว +92

      I like how he mentioned this at the end after they got a deal instead of in the beginning as kind of a sob story type deal just to appeal to Robert.

    • @VivekForPresident2028
      @VivekForPresident2028 2 ปีที่แล้ว +3

      @@BrotherCheng agree

    • @Kastrom_
      @Kastrom_ 2 ปีที่แล้ว +2

      Last year of LeMans as well

  • @AB-wn3ne
    @AB-wn3ne 3 ปีที่แล้ว +607

    Wow...I feel bad for Kevin... He is the first one to make an innovative offer and others steal his deal.

    • @dgfresh95
      @dgfresh95 2 ปีที่แล้ว +62

      Why would you feel bad that the people got a better deal? I’ll never feel bad for a millionaire

    • @tj03297
      @tj03297 2 ปีที่แล้ว +41

      Yeah poor Kevin.. now he’ll only be making a few hundred million this year because he didn’t get the deal

    • @hermonymusofsparta
      @hermonymusofsparta 2 ปีที่แล้ว +6

      @@dgfresh95 money doesn't equate to happiness

    • @dgfresh95
      @dgfresh95 2 ปีที่แล้ว +8

      @@hermonymusofsparta never feel bad for a millionaire I stand on that

    • @munkyxtc
      @munkyxtc 2 ปีที่แล้ว +10

      They should have countered at 6% equity split and up the royalty amount half a mill. Honestly I'd want that 2% stake for myself. Then again its certainly a risk. Both sharks can bring a ton of experience so it might be worth the extra 2% hit long term.

  • @surreygeorge11
    @surreygeorge11 3 ปีที่แล้ว +1401

    These guys presented well, and have a great product. They have excellent numbers, I can see a big company out of this.

    • @bluack123
      @bluack123 3 ปีที่แล้ว +24

      Yeah the potential is great I'm surprised Mark Cuban didn't jump in

    • @jonnym4670
      @jonnym4670 2 ปีที่แล้ว +7

      if anyone has ever had to leave there phone in the car on a hot wish they had that product but at $30 ehhh

    • @Cris_the_coder
      @Cris_the_coder 2 ปีที่แล้ว +67

      ​@@jonnym4670 I'm getting the pixel 6 pro which cost 900 if 30$ protects it, it's well worth it.
      plus If you live in AZ and work in construction your phone getting overheated is a big problem. It shuts down and doesn't allow you to use it. Not to mention it's protects your phone against damage from your tools leaving marks on it and wood dust. These guys should make it a goal to hit up the construction community. Big upside there.

    • @chezbizo
      @chezbizo 2 ปีที่แล้ว +3

      they presented like an infomercial lmao

    • @jonnym4670
      @jonnym4670 2 ปีที่แล้ว +9

      @@Cris_the_coder that so nice of you keeping your $900 phone safe for the people that are going to break your car window and steal it

  • @akeiliamark3382
    @akeiliamark3382 2 ปีที่แล้ว +158

    Damon staying in the coat and safety glasses is so cute.

    • @barbarasara4033
      @barbarasara4033 2 ปีที่แล้ว

      Yesssssss

    • @jasminecontreras7341
      @jasminecontreras7341 2 ปีที่แล้ว

      Yes!

    • @theviking102567
      @theviking102567 3 หลายเดือนก่อน

      It was probably a struggle getting out of that lab coat, Damon knew it, and wanted to be cool on camera. Respect and well played.

  • @thomasaquinas2600
    @thomasaquinas2600 3 ปีที่แล้ว +584

    These guys checked all the boxes, from self-funded, to great margins, to great success. Too good to be true. Myself, I think the margins are too high to be sustained and would, regardless, reduce the price to a sustainable $19.95. At that price they might reach the level where it's virtually an integral and expected part of an iPhone, etc. (Don't tell them, but I have kept my phone in bubble wrap and have never even had a scratch in 6 years. But their case is much more mobile.)

    • @cb613
      @cb613 3 ปีที่แล้ว +67

      Yea but Barbara would still be out.

    • @amantesfu7984
      @amantesfu7984 3 ปีที่แล้ว +2

      Poor barbra

    • @jordanhaller8973
      @jordanhaller8973 2 ปีที่แล้ว +24

      That’s what is frustrating about these pitches. They were rich to begin with, so self funding isn’t hard. When you don’t come from wealth, it could take decades to achieve what they have.

    • @Cobra_Khan
      @Cobra_Khan 2 ปีที่แล้ว +10

      What are the margins on your bubble wrap

    • @senorgato70
      @senorgato70 2 ปีที่แล้ว +1

      i do see your point even with higher volumes, with reduced margins profitability remains stagnant. But, I don’t see them needing to drop margin and price that low especially if no one else tries to encroach in this specific space.

  • @kobethelobe8247
    @kobethelobe8247 3 ปีที่แล้ว +231

    Barbara: My husband doesn't use protection, and for that reason, Im out

    • @vibhorkala5144
      @vibhorkala5144 3 ปีที่แล้ว

      😂😂😂😂

    • @maureenayako3972
      @maureenayako3972 3 ปีที่แล้ว +4

      😂😂😂 I was not ready for this comment

    • @blessedowo1958
      @blessedowo1958 3 ปีที่แล้ว +6

      Barbara always goes commando. All out, always out baby ;)

    • @jackienims8874
      @jackienims8874 2 ปีที่แล้ว

      I’m dead 🤣

    • @ckwind1971
      @ckwind1971 2 ปีที่แล้ว

      🤣🤣🤣

  • @champxii888
    @champxii888 ปีที่แล้ว +13

    This is the best offer that I've ever seen Kevin make, & he was not chosen. I am shocked.

  • @kylestewart4444
    @kylestewart4444 2 ปีที่แล้ว +69

    In my estimation, Kevin is actually the smartest of all of them. I know that his offers are often the steepest but I think that if I were going to be on shark tank to make a deal, Kevin’s voice would probably be the one that I take most seriously. They all sort of have their own little niches but when it comes to business in general, I think I’d trust Kevin’s opinion a bit more than the rest.
    A lot of people seem to instinctively cut him out of deals, disregard some of his input and recoil from his offers but I think that’s a huge mistake most of the time.

    • @marlon363
      @marlon363 ปีที่แล้ว

      It sounds like you want Kevin to breed you.

    • @حنين-ك5ش1ق
      @حنين-ك5ش1ق ปีที่แล้ว +1

      I disagree
      Kevin just want to appear on the show and making deals without the risk of losing his money. That's is why he offers royalties most of the time. This way will give him the room to step out of the business once he gets his money back and realizes that the business is not growing further.
      He wants to play it safely

  • @ElderGod29
    @ElderGod29 ปีที่แล้ว +6

    Kevin after losing every deal: "Thats the stupidest deal you could've ever done." 🤣🤣🤣🤣🤣

  • @unaninanine3743
    @unaninanine3743 3 ปีที่แล้ว +85

    Nascar race car driver... that reset Robert's brain 😂

    • @tanyaoxendine-hidalgo4120
      @tanyaoxendine-hidalgo4120 2 ปีที่แล้ว +13

      Also at the end when he told Robert he was missing Le Mans to do this... Robert could've kissed him with his admiration.

  • @ayushimalviya1316
    @ayushimalviya1316 ปีที่แล้ว +15

    I like that the guys took Robert and Lori's offer cause they saw they were passionate about their product. Unlike many others entrepreneurs. And I'm always happy when Robert gets the deal he is such a gentleman.

  • @mercuryfever392
    @mercuryfever392 3 ปีที่แล้ว +146

    I would have gone with Lori and Robert too. These guys have marketed themselves and done everything themselves. She can help them take it to the next level because she has done something similar.

  • @malikbezhanakbari935
    @malikbezhanakbari935 3 ปีที่แล้ว +97

    This man's face, and the way he speaks, shows that he is the man of this invention; I am talking about the racer man 👨 well done! 👏👏👏

    • @abhinavrakesh108
      @abhinavrakesh108 3 ปีที่แล้ว

      Dude.....never judge a man or a woman by their face!!

    • @189hosp6
      @189hosp6 3 ปีที่แล้ว

      And he is a good friend (racer guy) to his friend.

    • @malikbezhanakbari935
      @malikbezhanakbari935 3 ปีที่แล้ว +1

      @@abhinavrakesh108 if you see any judgmental thing in my texts, then I can't help ya bro 🤷‍♂️

  • @sampdickles5095
    @sampdickles5095 2 ปีที่แล้ว +27

    Kevin arguing the economics of the deal, while also trying to get paid $500k to take 2.5% 😂😂😂

    • @bsmccrunner4
      @bsmccrunner4 2 ปีที่แล้ว +6

      If they succeed with the product the extra 5.5% that Robert and Lori are getting will be worth much more than 500,000. Was a very fair offer from Mr. Wonderful

    • @sampdickles5095
      @sampdickles5095 2 ปีที่แล้ว +2

      @@bsmccrunner4 but "Mr wonderful" is not only getting free equity in this deal, he's getting paid to take equity!

    • @AB-bx5to
      @AB-bx5to 2 ปีที่แล้ว +4

      @@sampdickles5095 bro are you serious?? Kevin's deal was much better. The 2 asked for over 3x the equity that Kevin asked for, the only upside is that they take half the royalty that Kevin asked for. They are valued at 12mil as of this year. They lost more in equity than they would've with Kevin's higher royalty deal.

  • @bluecosmos1999
    @bluecosmos1999 2 ปีที่แล้ว +31

    I love watching this show, its so depressing being around people in my city who dont see a way out of 9-5 n just plain give up, i love seeing people win the game, thank you shark tank

  • @kcheong00
    @kcheong00 2 ปีที่แล้ว +23

    The money aspect is only the small picture. I secretly think they made a good choice.
    If you have someone only expecting 2.5% equity, you only offer a certain level of commitment.
    These guys need assistance and experience, they are growing phenomenally fast.
    They need real advice to keep up. Having 2 sharks is probably going to be their real benefit.
    giving up 8% to avoid these obstacles coming their way. Totally worth it. My 2 cents

    • @Alaschafad
      @Alaschafad 2 ปีที่แล้ว +2

      The catch is, by including the Royalty Kevin would have an incentive to promote the product and push sales as he directly participates at every sale.

  • @wobjebn1
    @wobjebn1 ปีที่แล้ว +15

    I agree with Kevin at the end, “That was the stupidest deal in shark tank.” 😂 They literally went from 4% with $1 royalty to $500k to 8% with $1 royalty to a million.
    Kevin cracks me up. He structures the best deals and then other sharks copy it and he never wins.

    • @حنين-ك5ش1ق
      @حنين-ك5ش1ق ปีที่แล้ว +2

      they were seeking 500k for 10% and they got 1 mil for 8%
      They got more money for less percentage and two sharks
      Do you know how rare that happened in Shark Tank!?

    • @biglebowski5737
      @biglebowski5737 8 หลายเดือนก่อน

      @@حنين-ك5ش1ق "had happened"

  • @kaka4202
    @kaka4202 2 ปีที่แล้ว +80

    For the first time, I liked Kevin's deal more :D

    • @shaniadirstein3650
      @shaniadirstein3650 2 ปีที่แล้ว +6

      They had such great margins they could afford a royalty

    • @ananthnm3014
      @ananthnm3014 2 ปีที่แล้ว +6

      i honestly really hoped that they would pick kevins offer

    • @BungtwinginglyFunny
      @BungtwinginglyFunny 2 ปีที่แล้ว +8

      You really think Kevin at 2.5% equity is gunna help grow the business? His deal was for capitol and capitol alone, I would have given the extra 5.5% for 2 sharks that will be there to help personally.

    • @davidleonard7439
      @davidleonard7439 2 ปีที่แล้ว +1

      @@BungtwinginglyFunny they didn't need help with growing their business. They needed money to scale the business- two totally, different things.
      If all you need is capital for more labor, inventory, etc...then Kevin's deal is the one to take. As he mentioned, it wasn't economically wise for them to give up so much equity, for only 500K and especially when all they needed was capital....and he is 100% correct. You're overpaying for two sharks- one, whom knows nothing about the space. These guys were ALREADY MAKING MILLIONS WITHOUT A SHARK!!!!! If your business is consistently growing in to the millions from a BOOTSTRAP??? The only thing you should ever need an investor for, is capital.
      I would have taken Kevin's 2.5% deal, before he could have even finished offering it

    • @BungtwinginglyFunny
      @BungtwinginglyFunny 2 ปีที่แล้ว

      @@davidleonard7439 That is a good point, and under normal circumstances I would agree, but these are not normal investors, more like paid promoters, that can accelerate growth drastically. Still you have a good point so I can see why they would go with Kev.

  • @PsaGrades
    @PsaGrades 2 ปีที่แล้ว +16

    If that patent holds true that 8% equity will be worth a butt load, Kev offered a good last deal for 2% equity

  • @clxs8091
    @clxs8091 10 หลายเดือนก่อน +5

    I liked the idea until he said the $50 Case has an actual price of $5 😩

  • @holdiver307
    @holdiver307 3 ปีที่แล้ว +31

    I like that mark admitted he wasn't rugged outdoor type 👍

    • @Grejegando
      @Grejegando 2 หลายเดือนก่อน

      He's a stupid vegan. It doesn't get worse than that

  • @damank.k3835
    @damank.k3835 2 ปีที่แล้ว +7

    "That's the stupidest deal I've ever seen you do on Shark Tank!"
    Mr. Wonderful is always savage and hilarious at the same time 😂

  • @DavinaMealoha
    @DavinaMealoha 2 ปีที่แล้ว +33

    Those cases provide RDIF protection. I can just tell from the material. They should have added that to their pitch. Should add some slots for card's. And like a lanyard or wristlet. But I like it! 👍🏻I'M IN! ♥

    • @tiffanylastinger3925
      @tiffanylastinger3925 2 ปีที่แล้ว +1

      Ooh would love it as a wristlet!!

    • @DavinaMealoha
      @DavinaMealoha 2 ปีที่แล้ว +1

      @@tiffanylastinger3925 I would love that too! I hope they make it like that, cause I would want one. ❤😊

  • @stevenaestrada1163
    @stevenaestrada1163 2 ปีที่แล้ว +81

    Robert really told Lori
    “What’s $500,000!?”
    Unbelievable.

    • @cousinjohncarstuff4568
      @cousinjohncarstuff4568 2 ปีที่แล้ว +1

      $500,000 for Robert is probably $5 or $50 for the rest of us....

    • @lionslicer9999
      @lionslicer9999 ปีที่แล้ว +4

      @@cousinjohncarstuff4568 Relative to his wealth, that would be like someone who has $50k in the bank losing $2.

  • @stevetucker7230
    @stevetucker7230 3 ปีที่แล้ว +16

    Imagine the go-pros that will work all day and not shut down now.

  • @hariyakshmehta4066
    @hariyakshmehta4066 2 ปีที่แล้ว +26

    There is an ongoing rumor that Barbara called the studio to inform them that she is out.

  • @juliannedispain1637
    @juliannedispain1637 2 ปีที่แล้ว +8

    This is one of the best shark tanks I have seen. These guys knew their product and their numbers. The sharks knew these guys had a great product.

  • @Zebness990
    @Zebness990 2 ปีที่แล้ว +32

    Poor Daymond. He was essentially the demo guy who helped Lori and Robert make one of the best steals in Shark Tank history. Free equity more than what was originally on offer, reasonably high royalty rate and super impressive, hardworking entrepreneurs who weren't at all greedy or difficult to deal with.
    PS Robert somehow managed to backtrack on his "what's 500 thousand dollars..?" comment but what was even more surprising that the producers allowed it to make the final cut.

    • @BornIn1500
      @BornIn1500 2 ปีที่แล้ว +3

      Those guys weren't greedy?? They make them for $3 and sell them for $30! That's insanely greedy.

    • @Zebness990
      @Zebness990 2 ปีที่แล้ว +1

      @@BornIn1500 I mean, not greedy while negotiating with the sharks.

    • @cubzrulz
      @cubzrulz 2 ปีที่แล้ว +8

      @@BornIn1500 they make them for three. They also have to pay employees, rent, insurance, patents, and more importantly the work and risk that is taken to make the product after investing time and money into it.

  • @zachg9065
    @zachg9065 2 ปีที่แล้ว +11

    This was a great pitch I instantly recognized Kevin Conway as a race driver as a race fan.

    • @rezlevin6424
      @rezlevin6424 2 ปีที่แล้ว

      that 87 was somethin 🤣
      its a shame he didnt get any further in motorsports

  • @razorkox12345
    @razorkox12345 2 ปีที่แล้ว +8

    This was actually a really great deal from Kevin... He normally hunts for the equity and on this occasion he dropped it so significantly...

  • @shahriartarvir
    @shahriartarvir ปีที่แล้ว +3

    That sync between Robert and Lori at 3:40 is insane.
    "How did you guys..."

  • @alexlloyd4659
    @alexlloyd4659 ปีที่แล้ว +2

    For those who don't know Robert is a semi Racing car driver.

  • @JamieM470
    @JamieM470 ปีที่แล้ว +3

    The deal did go through & Phoozy's net worth at the end of 2021 was $1.3 million and growing.
    They sell on their website and on Amazon.

  • @k.p.rkarenrevival3796
    @k.p.rkarenrevival3796 ปีที่แล้ว +2

    Daymond just magically disappeared after all the testing.

  • @JamieSmith-lw5ge
    @JamieSmith-lw5ge 2 ปีที่แล้ว +33

    Lori is always cool and collected and knows how to convince and prove she brings more equity to all the deals. Her brain runs circles around Barbara. If I had to choose between her and Barbara, I'd choose Lori hands down.
    Her winning line is "I'll make u a millionaire.

  • @DjoleBravo
    @DjoleBravo ปีที่แล้ว +2

    Lori is actually so cute, her voice and the way she speaks is so calming. Such a nice person, as if she's unable to even think of an insult.

  • @bones2273
    @bones2273 3 ปีที่แล้ว +17

    Pretty much they mad phone cases out of fire blankets😂😂😂

  • @Mcoogie
    @Mcoogie 2 ปีที่แล้ว +9

    It's for a niche market...skiiers, campers, hikers, work outdoors in the heat or water, etc. No one else wants their phone in that case. It's just not practical...I would never switch over to that.

    • @senorgato70
      @senorgato70 2 ปีที่แล้ว +1

      There’s also a huge market with college kids who go to the beach or pools during summer or vacations who want to keep their phones safe and not lose them in water. I agree it feels limited in marketability but with the right marketing everyone will feel like they need it.

  • @patrickmurphy8774
    @patrickmurphy8774 3 ปีที่แล้ว +48

    I mean they should’ve talked them down in equity to 3% after mr wonderful said he’d do 2.5%... now they’re taking 8% and could’ve gotten away w 6%..

    • @Wondorawoman
      @Wondorawoman 3 ปีที่แล้ว +3

      They should've asked for $500,000 each from Lori and Robert.

    • @devonwyatt8498
      @devonwyatt8498 3 ปีที่แล้ว

      @@Wondorawoman they did, didn't they?

    • @zappyeats2579
      @zappyeats2579 3 ปีที่แล้ว +1

      @@devonwyatt8498 I finished the video asking did they are didn't they, I think they will back out before the deal gets finalized. Personally I think mr wonderful deal was the best.

    • @Jomskylark
      @Jomskylark 3 ปีที่แล้ว +2

      @@zappyeats2579 Why would they accept the deal only to back out before finalizing the deal? That doesn't make sense and just injures their reputation

    • @Jomskylark
      @Jomskylark 3 ปีที่แล้ว +3

      @@zappyeats2579 Mr. Wonderful's deal was great from an equity standpoint but consider this: They have full control of the company, so they don't need to be super tight on how much equity they give up. They came in asking for 10% so to get 8% is already a win. And finally at some point it's better to just get the investors and grow faster than save a couple equity percentage points and grow slower with one investor who might not be the right fit for them.

  • @flumestradamus
    @flumestradamus 3 ปีที่แล้ว +60

    Great product. Impressive presentation. Great profit margins. Great marketing. Impressive sales. This product sounds like a slam dunk. 🏀🔥

    • @candycastle3194
      @candycastle3194 2 ปีที่แล้ว +3

      Barbara: and for those reasons, I'm out.

  • @lim_jaheylol778
    @lim_jaheylol778 3 ปีที่แล้ว +13

    They forgot to show the scene when Barbara called the show to let them know, despite nobody asking, that she was out

  • @MultiSciGeek
    @MultiSciGeek 11 หลายเดือนก่อน +1

    I love how Damond just decided to keep the scientist look XD

  • @samsguitarcovers
    @samsguitarcovers ปีที่แล้ว +3

    wait can someone explain to me why Kevin didn’t get the deal wasn’t his offer just better?

  • @aa1bb2cc3dd4
    @aa1bb2cc3dd4 ปีที่แล้ว +6

    How amazing must it feel to have all the sharks fighting over you like that? That's incredibly impressive. I don't think I've ever seen sharks so eager to partner.

  • @paolacarpio7777
    @paolacarpio7777 3 ปีที่แล้ว +40

    First time I see Robert make a deal!

    • @joewas2225
      @joewas2225 3 ปีที่แล้ว +11

      You haven't watched much then

    • @alvarohernandez09
      @alvarohernandez09 3 ปีที่แล้ว +14

      Yeah try watching more than 1 episode

    • @alphaduck2926
      @alphaduck2926 2 ปีที่แล้ว +2

      The only one who I would say never makes a deal is Barbara. She’s always saying she’s out even before coming to the show and meeting the entrepreneurs.

  • @itzshoook841
    @itzshoook841 ปีที่แล้ว +1

    "their not that valuable" lmaooo i was waiting for Kevin to say that ahhaha

  • @SubhojitDey
    @SubhojitDey 2 ปีที่แล้ว +9

    Every time Kevin comes up with a lucrative offer others steal it away from him

  • @umayrjaved
    @umayrjaved 2 ปีที่แล้ว +11

    Mark never forgets to congratulate Entpreneurs! Great guy.

  • @tobyjoshua2707
    @tobyjoshua2707 2 ปีที่แล้ว +9

    Kevin is great with figures. He comes up with unique deals in royalty, and others are beginning to copy his style of unique offers.
    I love the sharks and their mutual relationships though.

  • @alenjoshua6620
    @alenjoshua6620 2 ปีที่แล้ว +58

    Invest just 10% of your earnings, your own hand-picked stocks. You'll realize that you have beaten "Monday blues" for the life.

    • @smithwillison6345
      @smithwillison6345 2 ปีที่แล้ว

      There's a mystery in investment, that's why investing in cryptocurrency is one of the best chance of making money

    • @darrellrichardson9772
      @darrellrichardson9772 2 ปีที่แล้ว

      @@smithwillison6345 As the economy is shifting, you need to have legitimate and creative sources of extra incomes. There are opportunities available that people have been using for years now.

    • @grahampotter6100
      @grahampotter6100 2 ปีที่แล้ว

      If you're scared of losing, you won't have the mindset of winning. Bitcoin has helped thousands of families over the years. I'm looking to invest in bitcoin mining very soon.

    • @carsoncordelli9557
      @carsoncordelli9557 2 ปีที่แล้ว

      I've different news about bitcoin mining and how tricky it is but people still say it's safe, I just need a reliable business expert.

    • @azeicollinus750
      @azeicollinus750 2 ปีที่แล้ว

      If you're not thinking about owning a stocks for ten years, don't ever think about owning it for ten minutes.

  • @nishchalthakur2487
    @nishchalthakur2487 3 ปีที่แล้ว +69

    One of the best products I've seen on this show. Also, amazing pitch.

    • @BradsHacks
      @BradsHacks 3 ปีที่แล้ว +9

      It's a phone pouch lol

    • @nishchalthakur2487
      @nishchalthakur2487 3 ปีที่แล้ว +13

      @@BradsHacks A Tesla is just another car. An iPhone is just another smartphone. Doesn't mean that they are not great or innovative products. This phone pouch has a multi-purpose use, which makes it great in my opinion.

  • @officialJOY1229
    @officialJOY1229 2 ปีที่แล้ว +1

    To Daymond...."Send em to outer space". 🚀 🌌 😂😆
    -Robert

  • @brettthebassman6246
    @brettthebassman6246 3 ปีที่แล้ว +9

    “My name is out, and for those reasons I’m Barbara”

  • @bluedancelilly
    @bluedancelilly 2 ปีที่แล้ว +1

    But was the phone still dry after it was dropped in water. Did not show us.

  • @robertoguzman89
    @robertoguzman89 3 ปีที่แล้ว +11

    Barbara “ I don’t like using protection. For that reason, I’m out”

    • @Zenapprentice
      @Zenapprentice 3 ปีที่แล้ว +2

      I don’t either. And for those reasons Barbara, I’m not pulling out.

  • @karllattimer9233
    @karllattimer9233 2 ปีที่แล้ว +10

    It's literally so weird the last 9 months looking on Amazon for an iPad case and the one that I've been was phoozy. Only reason I didn't get it is as the one I was looking at is a bag and not a case. It's so weird that the first time I checkout shark tank I happen to see the company I've been looking at for a long time!

  • @rakheimbarrowes5925
    @rakheimbarrowes5925 2 ปีที่แล้ว +5

    Lol the way Lori and Robert said “How did you guys” at the same time made me laugh when Lori laughed 😂😂😂

  • @ethanthompson1097
    @ethanthompson1097 3 ปีที่แล้ว +10

    People keep talking about how this is such a great product. I can’t think of a single scenario where’d actually use this. It’s not like a case where you can still use the phone. You have to put it in this pouch and no longer have access to the phone. Most people that drop their phone in the water have it in their hands, using it, this wouldn’t protect from that at all.

    • @josealamillo7802
      @josealamillo7802 3 ปีที่แล้ว +1

      I was thinking the same, there are already phone cases that can protect your phone from falls, water etc. I can’t think of a time when I’ll be in -40 degree weather 😂 Using this will just limit you

    • @livinindubai
      @livinindubai 3 ปีที่แล้ว

      In Dubai taking the phone out to make a call will turn it into a hot enough pan to boil an egg

  • @zhang6449
    @zhang6449 3 ปีที่แล้ว +13

    You notice one thing, no one trust Mr. Wonderful 😁. He represents greed.

    • @Randomaccount9470
      @Randomaccount9470 4 หลายเดือนก่อน

      If anyone ever says "Royalties"
      For something they did not invent
      That will always get you down
      You paying then to exist

  • @robbiewhite2351
    @robbiewhite2351 2 ปีที่แล้ว +2

    Honestly, it’s a pretty bad move not going with Kevin. Think about what that 5.5% is going to be worth in the event of an exit. Lori and Robert can’t do one thing that Kevin can’t do.

  • @ElTeeger
    @ElTeeger 2 ปีที่แล้ว +3

    Mark: come on Lori what’s 500k?
    Billionaire language

  • @sankarioss2741
    @sankarioss2741 ปีที่แล้ว +2

    Phoozy’s earnings are projected to be $7.1 million - way beyond what Kevin had predicted when he first met with him

  • @renezepeda1144
    @renezepeda1144 3 ปีที่แล้ว +14

    Mr wonderful always gets copied on structure, I think he deserves more credit. I would love to work with him

    • @zappyeats2579
      @zappyeats2579 3 ปีที่แล้ว +1

      If I was on the show he is who I would want to do a deal with. But no royalty bc I would want him all in for that i would give up the equity

  • @yNemesys
    @yNemesys ปีที่แล้ว +1

    Hearing people on shark tank talk about numbers really makes you think. These guys are selling items at 10x their manufacturing cost, but even then they only make 25% profit on that. They go from 1000% to 25%. Business is hard

  • @whyisblue923taken
    @whyisblue923taken 2 ปีที่แล้ว +12

    Barbara: "You can just buy a new phone. I don't get it. For that reason, I'm out."

  • @bbking006
    @bbking006 2 ปีที่แล้ว +1

    7:43 "Come on, Lori, what's 500---I mean let's just get our money back" LOL

  • @actorattila
    @actorattila 3 ปีที่แล้ว +19

    Another dollar store product. I've had my phone in all conditions and this has never been a problem. Not to mention, this sleeve ready exists-from about 15 years ago!

    • @Jomskylark
      @Jomskylark 3 ปีที่แล้ว +2

      Leave it out on a sunny day or when it's super cold out, unless you have a premium phone chances are it will be affected by the elements.
      Also it's true you can probably get some knock off for cheap but a lot of people pay $$ for phone accessories

    • @LedCODprductions
      @LedCODprductions 3 ปีที่แล้ว +8

      @@Jomskylark only a moron would forget their phone out on a hot day or leave it in the snow. Pointless product that seems cool so it sells

    • @189hosp6
      @189hosp6 3 ปีที่แล้ว +3

      @@LedCODprductions Except the very out doorsie type like Mark said.

    • @shaniadirstein3650
      @shaniadirstein3650 2 ปีที่แล้ว

      I dont understand this product. Arent new generations of phones water proof now anyway? Seems like a product that would have been better back in 2015

    • @DublinRams10
      @DublinRams10 2 ปีที่แล้ว +5

      @@LedCODprductions It not for regular joes that sit on their porched with a case beer. It for adventure types that go mountaineering, skiers, sailers, boat fishers where you are exposed to the elements. Phones regularly die on cold days on the mountain new ones are better but won't withstand everything.

  • @kotekipiani4077
    @kotekipiani4077 2 ปีที่แล้ว +2

    "Thats the stupidest deal I've ever seen you do on Shark Tank" - Kevin after the deal 😅

  • @Manuj_
    @Manuj_ 2 ปีที่แล้ว +5

    Kevin is the heart of this show.

  • @Lasse3
    @Lasse3 ปีที่แล้ว +2

    4:44 Don't ever change Mark 😂😂😂😂

  • @bernlin2000
    @bernlin2000 2 ปีที่แล้ว +5

    5:15 Wow...that would get my very excited as an investor. These guys clearly know what they're doing, regardless of the product!

  • @patriciorivera762
    @patriciorivera762 7 หลายเดือนก่อน

    I think a lot of people didn’t appreciate what the guy on the left said in the end, giving up your seat in Le Mans for a pitch in Shark Tank is a BIG thing, maybe some Americans don’t know but Le Mans is one of the greatest sporting events in history, so glad they landed a deal!

  • @verycarey6144
    @verycarey6144 3 ปีที่แล้ว +8

    this is the best product ive seen in a while

  • @rommelr7
    @rommelr7 3 ปีที่แล้ว +5

    The Queen of QVC is rocking the game

  • @Namnamnam93
    @Namnamnam93 3 ปีที่แล้ว +3

    For a second I read the title as “two sharks invest in phony company” 😅😅😅🤣

  • @NaturalLemon
    @NaturalLemon ปีที่แล้ว

    6:59 the utter disgust on Kevin's face as the other sharks chime in is priceless 😂😂

  • @vyshaksukumaran6139
    @vyshaksukumaran6139 3 ปีที่แล้ว +6

    So what Damon just there for the presentation 😂😂

  • @juanramongonzalez9921
    @juanramongonzalez9921 2 ปีที่แล้ว +1

    Guy: Good numbers
    Mark: HELLO

  • @billlouis6742
    @billlouis6742 2 ปีที่แล้ว +6

    The fact that it floats, thats cool. idk about $500K investment though.

    • @shaniadirstein3650
      @shaniadirstein3650 2 ปีที่แล้ว

      I dont understand this product. Arent new generations of phones water proof now anyway? Seems like a product that would have been better back in 2015

  • @sehajsarao8552
    @sehajsarao8552 2 ปีที่แล้ว +1

    Dude left la mans just for this respect 📈📈

  • @aceofspades4
    @aceofspades4 2 ปีที่แล้ว +5

    Wow, definitely would have gone with Kevin. This isn't a long term business. There is a very low likelihood they'd desire expanding into the general mobile accessories business. They've got a unique product and purportedly protected IP. This is a grow fast, prove a market exists, and then sell to a bigger fish in this space for $50mm when they get get to $12mm-$15mm/year in sales. At their velocity, that might only take about 3 years. Laurie and Robert together might marginally accelerate this over Kevin alone, but I genuinely doubt it will matter. Any exit over $9mm (the rough breakeven between the two offers) would shell out more money overall to Laurie/Robert (and given they're product/IP is already worth ~@$6mm...I doubt they'd take an exit if offered $9mm). Example: $50mm exit, Laurie/Robert get $4.5mm total. Kevin gets $2.25mm (as their royalties aren't perpetuities, and so can be recompensed with exit proceeds). Seriously, Mr. Wonderful is actually wonderful more often than not, and certainly more than he gets credit for with his deals.

    • @GRIM_MOD
      @GRIM_MOD 2 ปีที่แล้ว

      facts

  • @RICxRODx23
    @RICxRODx23 2 ปีที่แล้ว +1

    Kevin ; “so what chu need my 500,000 fo’? 🤨” 🤣