This Businesswoman Has Overestimated Her Abilities | Shark Tank AUS
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- เผยแพร่เมื่อ 21 ส.ค. 2024
- Liz Kaelin is looking for a Shark to invest in her catering company, but the Sharks are convinced that she's overestimating her employees!
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
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#SharkTank #YouChews #SaveSteve
Most of Glen's time on the show is spent taking his glasses off and putting them back on.
LOL
😂😂😂
funniest comment ive ever seen
I love your product it's phenomenal, it's wonderful, it's fantastic, and I'm selling t-shirts, but I'm out,
teespring.com/stores/shark-tank-shirts
believe it or not taking off your glasses when doing presentation in order to accentuates your point definitely works. i do this in my office so i know
I was expecting offers for 35-45% of the business based on their sales. And she almost refused 12.5%... Just wow.
Really only Steve and the others didn't make an offer. The Australian sharks are often all over the place with what their "requirements" to invest seem to be vs their US and UK counterparts.
I was on the edge of my seat with shock when she had to think about it. WOW. I was thinking Steve was gonna say 125k for 40%. He valuation was nutso
Seriously. I got a BIG shock when Steve said 12.5%, and then I got an even BIGGER shock when she was about to say no.
She's ungrateful asf lol
I can't believe she was about to refuse the offer!!
Is she for real, guess she needs a reality check, considering her evaluation and her business model, i would have taken the offer the moment it came out of Steve's mouth
damn from this vid she showed how stupid she is. Thought the 1 shark was going to ask for 30-40% cause of her evaluation being extremely inflated. Yet he goes tup a bit from 5 to 12.5 being generous af and she still declines lol
@@TeemoForLife I was going to say that until you said it and I agree with you so much honestly somebody else would have asked at least 30% probably 40 or even more he made like a really good offer it's only like 12% or something rightand he's always the one getting on the other sharks for saying that they're asking for too much and literally he was the only one that believed in her and I don't blame him for sticking to his offer she was really stupid for three and a half percent she was going to walk I'm glad he backed out of it and left her screwed hahaha
@@michaelmarquez6133 apparently you didn't watch the end, because he didn't back out.
@@akahn8311 If I'd been him I would have withdrawn the offer. Very stupid move.
i normally hate seeing the sharks try to push someone towards a deal but this woman really needed it
Ikr
I would never entertain the advice of the sharks that went out on my sales pitch but are so eager to help one of their fellow sharks who made an offer close the deal on TV. I'd still pass on the offer.
He backed out and it got sold
Steve seems to like the weirdos
@@OS10100 that my friend is why you will never succeed, drop the ego and be willing to take advice.
Steve: “I’m tired of sandwiches and wraps in the boardroom.”
CEO “Our vendors can do sandwiches, salads and wraps.”
Lmao I noticed that too! Was surprised steve didnt call her out on that
I was thinking the exact same! What else is there available for a quick boardroom lunch? She should have offered more different options. If there were any.
@@Griselda_Puppy I hear their salads and wraps were a
A++
She’s clueless about what a value added business partner is!
U mean?
She’s doing the best she can. Let’s the woman do her thing
Update: Steve backed out of the deal after the episode. The company changed their name from You Chews to Caitre'd. Then Caitre'd was acquired by Yordar.
Thanks for the comment m8 was curious about that deal
@slam zamillion and now I'm I'm sure I've heard that name before even before I read this comment
@slam zamillion the name chews I think it's PetSmart
@slam zamillion @Angela Burke "Cease and desist" is part of the groundwork for a lawsuit. You lay a paper trail showing you tried to solve the situation amicably, when that fails, then you have grounds for a lawsuit. Scientology, or anyone feeling their rights have been violated, has every right to use the tools of law to handle disputes. And it amounts to quite a lot if you're innocent of a crime and you bring the hammer down. Believe me.
@Utube Allday the news articles didn't say why he backed away from the deal.
I can't believe she had the audacity to ask for 9%! Steve's deal of 12.5% was very generous.
Steve "where are you from?" Baxter
mate*
Lol
I wouldn't want to work with someone that needs to be convinced that they need me when they CLEARLY need me. I would have taken my offer back if I was Steve...
he actually did fyi
Incredibly generous offer, putting the company value around 40 times last years profit!
Beginning to refuse that offer showed a massive lack of big picture vision. That in itself was such valuable information, I was surprised Steve let his offer stand a moment longer.
It would be a definite I'M OUT for me, she seems a little off to me, would not like dealing with her one bit.
Dreama40 cool
100000% was just searching for this comment to see if I was crazy. She seems annoying as fuck like super unsure of literally anything you throw at her.
yep she's got what you call crazy eyes.
She stalks the vendors for sure, all 35 of them
Australia's version of this show is brilliant. So down to earth and a friendly atmosphere. Better than the stuck up UK version at times. Love it 😊
Agreed. Such a mean spiritedness in the UK and US ones. Like big important rich people kicking around the smaller guy. This feels more "human."
Agreed. I liked that in this episode Steve even mentioned that the point of the show is to give a chance to businesses before they are making good money. Something which seems lost on the Dragons.
US shark tank is the worst. they sometimes don't allow you to hear other offers
She looks crazy af, i would just go out based on that xD
She's certifiable!!!!!! HAHA
She looks like a beaten wife
Or a Coke head
exactly .i mean no offence but look just look at 6:12
I came here looking for this comment haha
I think the point where she rejected the offer showed she was crap at business and he should have retracted the offer
2:28 the classic Steve ‘whereabouts are ya from mate’ takes an unexpected turn
She was going to say no over 3 %... Crazy!
I like how they understood her and actually advised her not to leave the offer. Very good!
Valuation of 50x revenue? That's the biggest stretch on shark tank! I'm surprised she didn't get chewed up. And then Steve gives her a 20x revenue valuation, and she counter-offers? What is going on?!
Edit: And then she rejects his offer??? She is definitely not in touch with reality.
She looks unhinged. She will drive Steve nuts.
Taking his offer and getting him onboard was the greatest thing she could have done for her business.
I believe if she hadn’t she would have been closing in less than a year.
Steve backed out apparently. Not sure how her company is doing, but I heard that she had changed the name to "Caitr'd" before selling out.
Suffering from stale sandwiches? Boi they're lucky they even have food in the first place.
SHE LOOKS, ACTS AND SOUNDS LIKE THE ACTOR FROM THE HUNGER GAMES
Crazy valuation for 50k profit over 2 years.
Update: Steve backed out of due diligence because a competing food company called "You Chew" was threatening legal action so this woman had to change her company name. Steve got off easy on this one..she seemed mentally or emotionally unstable.
Not really, "You chew" is a recipe website not a catering company. She changed the name to caitre'd and her company was later acquired by one of the largest corporate caterers in Australia
Why mentally or emotionally unstable? That’s big words. She might lock a bit off but imagine you are standing in front of millionaires with bunch of cameras.
@@tima2553 Didn't you know you can become a Doctor by observing people on TH-cam channels 👀
Yes
Steve’s found himself making a very expensive emotion investment over a by the numbers good choice. He paid a valuation 20x the business revenue!!!!!!!!!!!!
Ben Ferguson be wants that USA ass
@@ethank5681 He could get that for less than 100$
man it's weird see someone refusing just a 3% difference...like calm down you ain't running amazon or apple here
Its cool that the sharks actually work together and try to give the person a good deal. The ones in the U.S.A just seem to be competing against each other and giving the people ultimatums
I am so glad that Steve will hopefully guide this BEAUTIFUL woman Liz to really scale up to great success!! Also...I loved Janine advising Liz on what an investor is really investing in.
Naomi has to wake up everyday with a smile on her face just thinking of the moment someone accepts a deal😂 she's always so happy
This chick pisses me off, I never even leave comments on youtube but she's bugging to that point
Connor Quintanilla off a perc
Andrews comment at the end was such nice reassurance, ask any owner of a multi million company and ask them what percentage they own, and the larger the company the lower the percentage, because it takes a team and smart people all of which invest there time and money to grow. Giving up equity to the right people will make everyone more money and give people exit strategy when the time comes to actually cash out
shes quite obviously mental when it comes to rejection. Her mouth smiles but her eyes say...psycho !
this company wasnt worth 10% of the asking price
$56,000 gross revenue over 2 years but I’m worth $2.5 million. 😂😂😂. I can’t believe Steve made an offer. Also can’t believe she refused him initially. She’s not going to be easy to work with.
He could've said 25 percent but he was being generous im happy Steve was nice to her offering 12.5%
Can't believe she was going to turn that down over 3.5%. That would worry me that she didn't have since to realize the benefit of having him onboard. Geez.
He pulled out and she got a cease and desist to change her name
Aaron Toase he so sexual into it
what stops an Uber Eats doing something similar?
She would have established herself with Steve on board before Uber Eats join the race.
@@EdLife11 maybe in Australian cities, but the not so much the rest of the world.
Patents mate patents
@@itsmohdiii3689 what patents?
What stopped Altavista/Lycos from doing what Google was doing?
No one:
GdAy iM StEve.
"You're from Sydney by the sound of it?"
"I'm from New Jersey."
ROFLMAO
Credit to the sharks for giving her a reality check before she made a mistake and walked without a deal
I would bet this never makes it through due diligence.
it would not shock me, she is someone who presents too well, and has too much confience in what she has done, not looking at the fact, she isnt making much effort to grown.
@@ianlister7333 for sure
@@Finderskeepers. looking into it, he did invest, but they were forced legally to change the name.
@@ianlister7333 Why?
shes done quite well for herself, her business was acquired by Yordar.com as an acquisition
Wow! That was an *extremely* generous offer. I personally wouldn't have valued her entire business at 250k max
How is 35 vendors not enough when starting? The suppliers are moldable, and you can have them cater to your demand, so they will shape to provide. I dont get what Steves hangup is
6:39 scared the hell outta me
That was really an unexpected investment and she was almost crazy enough to refuse it.
Steve's missing the point. She's not trying to have a small mindset - shes just saying at the business' current size in terms of logistics, and for large scale catering as opposed to Uber Eats type food, that 35 isn't a bad number...
It was really good of sharks to advice her and stop her from making a blunder
The Aussie investors r very diplomatic
First time the sharks actually defended Steve😂
Why do you upload at the same time as Dragons Den.....🤔
I think the rights are owned by the same firm
No, BBC owns the rights for Dragons Den while Fox or probably Network 10 own rights to Shark Tank Australia...
@@pranithshetty6640 well yes and no, they own the TV and catch up streaming rights to the shows. hence why Dragons Den is on iPlayer, but these videos are not linked to the BBC or Network 10. They are a secondary market. Given that all Dragons Den format owned by Nippon TV and is distributed by Sony Pictures Television, it may well be that these channels link back to Sony. Obviously Dragons Den has shown up previously on Dave, but there is no link to that here.
@@pranithshetty6640 doing the research, the Dragons Den channel has this in its about page "Created by Nippon Television Network Corporation
© 2019 CPT Holding, Inc. All Rights Reserved
This Dragons' Den Channel is managed by Sony Pictures Television." and the facebook pages are Dragons' Den Global & Shark Tank Global, which supports my previous post there I speculate that both channels are run by Sony.
@Tai Chi Tube if we ignore the first part of the post, the fact both channels are not geo locked, rules out BBC / Network 10, as its more likely they would have the channels on geo lock.
She definately has the energy of an entrepreneur .... If those sandwiches are good this will be a gold mine in next 3 years
@Jorn Navarre well she turned her imagination into something real, where other people don't try because of the struggles, that's what you call an entrepreneur, you know that right?
i swear if she nods her head one more time...
I wouldn't trust her as a " dietitian" no more than a skinny cook.
Tai Chi Tube what an ignorant comment. I’m a qualified beauty therapist with a high IQ. Graduated as top of my year after learning full scale anatomy and physiology.
@Tai Chi Tube So you're saying I'm born with what I got and if I remember to scrub my balls everyday, the best I can hope for is a 1% increase in my beauty? So sad for me 😭
@Tai Chi Tube From your comments, I am deducing your experience with women could be described as limited, as opposed to extensive.
Steve of all people?!!! LOL
The eyes though........
Steve is happy to just get a free lunch.
Steve never would've made an offer if he'd spent more time in the States and knew just how insufferable people from New Jersey are.
The editing on these videos is so random, they don’t even care that it’s obvious they slip in shots from a different time of the pitch to try and make a reaction look different than it is. Big ole 4head
Here I am thinking I'm the only one that sees that
Seriously bring this show back 😊
Ms Naomi saved the deal, at the very last minute! Win - Win situation for all! Brilliant!
Been the deal was called off sharks do this a lot !
You know what’s up when Steve puts his glasses on and has a serious face
I am glad she took the offer, it was a really good one at 12.5% on only 56k earnings over 2 years. I think she had been given bad advice on the valuation, so many people pay someone to do a valuation which in reality over values their business giving them a false sense of their business true worth at that time, some projected valuation taking in possible future revenue and making the business sound far more eztablished than it is is not very helpful.
She changed business name to Caitre'd but can't access any website so not sure if she's still doing it.
She almost blew it. The business isn't even worth 200k
She really was about to refuse a shark for 3.5 percent???? What the hell man thank goodness the sharks convinced her lol
2.5 MILLION... DO THEY EVER WATCH THE SHOW.. THEY EXPLAIN VALUATION EVERY EVERY EPISODE AND NOBODY GETS IT
Any decent Office / Department Manager , Can , & Often does , Create Relations with Nearby businesses to provide Employees with Services Including Food .
That chick is clueless if she was willing to turn that offer down
I'd be fearful that her business model by definition, makes her the 'middleman'. Let's say I feed my board in Sydney - the chow goes (and stays) down well; my CEO pats his ample belly and tells me to use them again. What's to stop me taking the details of the catering contractor, calling them directly and saving the 15%? My CEO might even pat *my* belly for dropping his costs...
You know the deal hasn't gone well if their company link isn't in the description
This is a pretty standard service now right? Does Australia not have anything like this yet? If it doesn't it could be huge. But she needs a ton more restaurants etc.
I can’t believe when they refuse offers! Because it’s not just the money these investors put in but all their networking as well in order to grow the business.
Wow. How could she think of saying no????
What an ending! Loved it!
I believe Janine or any of the other sharks would have asked for at least 33% of the business, and rightfully so
You're 3.5% of your small company instead of having a millionaire businessman partner that can help you build it to the moon. I cant understand these people.
Sooooo it's deliveroo/ubereats but you can only order it if you're having lunch in an office.
these sharks are so supportive unlike dragons
Steve is a nice caterer. Props to him
Steve ‘hey im steve’ baxter
TOO EASY TO RIP OFF. Not others, but the customers themselves. Once I order I lose the customer to the shop they order from. Am I too skeptical or does anyone else see the problem of not getting repeat business.
what is an office sandwich? Don't people bring their own lunch to work?
Mark S - it’s what the rich people do
Hey! We’re from the same state! New Jersey!
As a dietitian, we’re not all like this...although there are more than you might think...
Ohh COURSE it's a fellow girl from Jersey that was about to SERIOUSLY FUMBLE THE BAG!!! We don't have the best schools and economics programs here in Jerz! 🥴😆🤸
she is a fucking synth. i’m convinced
That's crazy that she is from New Jersey dirty jersey for the win
Every time I watch shark tank aus I just wish they had a strong Northern girl on their panel
It's not that hard of a decision to take it
Yayyyy they mentioned my name
Good episode
This was obviously before UberEats
Steve later backed out during the due diligence process
Lol 56k in for 2 years, if I invest 125k for 5% that’s like $1400 per year or over 89 years to get money back, and that’s if she doesn’t give herself a salary. Because if she gives herself a salary the company actually losing money. I didn’t even factor any other expenses like web hosting site development. These people need to know the numbers before going in
These are the nicest of all sharks out there
A true millionaire that is. Saying $56,000 isn't a lot
In 2 yesre tho
More money than I've ever had. 28K a year, sign me up.
Hi Zack, where ya from mate? Ah, nice.
At the time this was filmed, minimum wage in Australia was approx $33,000/year.
England. On minimum wage, if I worked 40 hours a week, I'd get only 16K a year
Lol my next question, can you sue if an "expert" failed to deliver?