To those complaining about $15k, I’d pay $50k for this. You drive cars at $30k-$50k but wouldn’t pay $15k for a new hand that’s been lost? Get it together people
8k-10k sounds enough. Most cars run for years. What happens if an electronic fails in the arm, you don't have an arm for days? And how much it will cost to fix
Shark tank was made for small companies that have no connections but have great products and so the sharks open the doors for them. This guy was 4 PHD with i dont know how many certifications for his business and he was getting grants from the government just for existing, this is literally everything that shark tank was not made for. Also the most important point (for me at least) is how sketchy he was, like i felt bad for the veteran he looked like he was forced to be here or that guy would take back his biotic arm from him or something 💀💀impressed by how fast mark cuban smelled that something fishy is going on (and him selling 15k arms that cost him 2k to make really invalidates his noble mission of helping that small Pakistani girl he saw on the street, like do you think that girl can buy a 15k arm? yeah hell no)
@@faroukusuc9024 I don’t agree with the last part. The 2k is just manufacturing costs. There are still rnd costs salaries marketing costs not factored in. I think a bionic arm will always be expensive to make given it’s a new frontier and they cost 2k to make. But I totally agree with the first part, I do love seeing all kinds of ideas for businesses on shark tank from house hold appliances, biotech, food and drink, fashion and apparel, electronic devices like the ring door bell, services, green solutions, pet products and the like. It shows you there are incredibly gifted people working a diverse set of problems
@@datwest5166 It was worth $50m when he walked in. That's what the market valuation was that he raised money at. People invested at the $50m valuation prior to him walking in to the Shark Tank which is why he had the valuation that he had in the first place.
To all the people saying he’s greedy, you can’t grow a company to a global scale with small margins, he even said how he could only do 100 per year based off their current margins.
Exactly, the 1800 doesnt factor in RND costs he has already paid as well. Thats what he can build one for now, but thats after paying engineers millions and prototypes etc.. Also takes money to make money like you said, large margins means more money to place bids with factories in china that scoff at him right now or overcharge. For example item 1 custom manufactured order 1000 units- 50 a pc. 100000 units 24 a pc. etc..
I think the founder was incredible, high pedigree, great products, great attitude and a great cause. Lovely to see he got a deal. Also, confused about why Mark wouldn't invest being in the healthcare space ! But nonetheless, great pitch.
There are tons and tons of other costs when it comes to medical items - regulations, testing, R&D, new products, marketing, education, partnerships with doctors / hospitals etc. A low margin new entrant can never survive.
For everyone complaining about the 15k, this is covered by MEDICARE. That’s a huge deal. Patients won’t pay for this out of pocket. Also as a resident physician, you guys would be shocked if you know how much some of this med equipment is. He could easily sell this for like 50k
Happy he got a deal and all BUT at the end why would Dr. Adeel give the Veteran amputee a pound with the robotic hand and say BOOM! 🎆 ?!?! - thats how his arm got blown off in the first place!!! 🤣 F%CKED UP
Update on the company " In May, 2024, Psyonic partnered with EastPoint Prosthetics & Orthotics and Advanced 3D, Inc to make custom-made prosthetic sockets for the Ability Hand. The partnership has the goal of making advanced bionic limbs more accessible and affordable. As of the first re-run of this episode in June, 2024 - about 3 months after the original air date - there is no evidence the deal with the Sharks closed. The company, at this time, is valued at $65.07 million."
For most of the people that don’t know much about tech and health companies, most of the investment is not on the cost of making it but in I+D. So it costs 1,800 to make it but that’s not how much it cost to get to that stage
There are tons and tons of other costs when it comes to medical items - regulations, testing, R&D, new products, marketing, education, partnerships with doctors / hospitals etc. A low margin new entrant can never survive.
It's a massive red flag when a guy raising at a $50M valuation and an 800% markup on his product says investors didn't like his company because of its "mission for humans". We don't get to see the whole pitch, but it looks like Mark and Robert were asking questions he couldn't answer.
Only 100 units made it to the market so far. There is always additional cost outside production cost, and so most of the profits will be drained just to scale. It's too expensive and very high risk for investors. Ring, for example, raised $400M from investors for them to sell for $1B. A lot more investment will be needed for this company to survive. As for the price of each unit, it will most likely go down as the company continues to scale
@@Ollie-lz5hr@Ollie-lz5hr Saying you're too moral to explain why other investors didn't invest is a backhanded answer to complement yourself; just screams he's hiding something.
I've watched Shark Tank on my lunch break every day for five plus years and I will say this is the best one I've watched. This is awesome! Any update on this company??
Knowing that the pacemaker is around 10-15k, hearing aids being 1k and above. New limb with senses and dutability, really does make sense to be 15k. Increasing the capacity of the facility and increasing the inventory to sell, surely will help drop the price.
7:51 I'm now imagining Barbara calling time out and talking to the camera. "I guess you all are wondering how I'm gonna go out this time. Well here's my plan..."
MCuban's arrogance is beaming ... not sure what the deal is ( looks like a personal prejudice )... right when the guy walked in, he was negative towards him ... didn't give him the benefit of doubt at all ... just nuts !!
I think what Mark typically likes investing in those who are not rich yet and willing to put the effort in to get rich. In this case, this is too grand of an idea for him and way too much money and investors for his liking. This is typical for Mark.
That skepticism from them is kinda what he’s talking about when he said that others didn’t want to invest in it. It’s kinda just a repeat of that. However that 1800 for 15k is… oof.
Mark Cuban, I don't understand you. You didn't think that this was a good cause, that's why you didn't invest. That's why other investors didn't do the same either. Three sharks were moved enough to make a move. It's you, not the doctor who did enough to persuade you.
This product doesn't make sense for sharktank. I agree with Mark. Why doesn't this guy have VCs waiting out the door. It's so easy to get millions for a company like this from venture captials.
@@MatheusLB2009 Then you may be out $10K because according to several update sources the deal closed. Only the shark tank blog states there is no evidence that it closed. It does, however, say that as of June, 2024, Psyonic had a net worth of $65M.
1:48 Iraq? Should not have gone there. He lost a limb and then cannot even speak normal now! Poor guy! Iraq was brutal. Hoping for what is best for this guy and for the Iraqi people as well 🙏
One to think 15 k is too much they would only understand the value of it if they had lost an arm or a hand. The cost to make it is $1800 but it does not include R&D behind it which cost millions plus the expertise of the team behind the creation of the bionic hand.
Everyone always thinks only $1800 to make, $15k is a rip off. They really do forget all the other costs associated with selling the product though… Lots of money, also, they gotta have somewhat reasonable margin to continue operating for a bit when things go south too if they ever do for a bit.
How the amputee walked out (fist non-opened and supported by other hand), suggests to me that maybe its not such the miracle medical product suggested… promised. Maybe Mr. Cuban was right. Thanks for the video.
I think he was used to cross his fingers between both his hands (and obviously the new hand cant do this comfortably) so another way to have the same resting "hand-stance" and habit would be to clutch one hand onto the other.
Nah, i also think it was a bit sus. You stand at attention, not walk with it. It is kinda suspicious how he clutches it all throughout being filmed. Don't get me wrong though, with the competition out there, this still looks to be the most cutting edge. But temper ypur expectations folks, cutting edge might not be what you imagine it to be.
I think Cuban's rosy idea of how the VA and healthcare companies treat Vet's needs to be scrutinized more here. This is a more expensive prosthetic, which means it would cost more for the VA and health insurance companies to cover the cost. If only wealthy people lost their hands, a 15 thousand dollar arm that does what this does would be a billion dollar idea. But since the market for people that would actually need this hand isn't the extremely rich, VC's would naturally not be inclined to take on the risk due to the lack of return on investment.
Just the IP alone is incredibly useful for a whole range of things. Think about remote surgeries, 24/7 workers, paralympics, etc. Bionics are the future and this is clearly not a bad product.
my mom would say that life is a system and everything has a hidden bottom line including health care people not caring for humanity and more about the money gained in the product
I personally feel Mark was a little harsh toward the guy, which might be after knowing he belongs to Pakistan. I might be wrong, I just feel like he didn't even once appreciate this guy whereas if anyone else had done the same he would be clapping and saying BRAVO and other good words to motivate them. Dr. Adeel is such an inspiration and a great representation of PAKISTAN, so proud to see him getting a great deal with 3 SHARKS
Just did a quick search and the company is worth 50 million now. It seems like only a matter of time before this blows... .Also the fact its cover my Medicaid already screams, Money!
Correction: The valuation of the company on the guy's ask going into the Shark Tank was $50M. As of June, 2024, Psyonic is valued at just over $65M. (according to the shark tank blog)
Definitely give them the option of skin color, but for some reason robot hands look kinda cool and i dont think people would be embarrassed to have them.
I definitely agree but i think what’s stopping that is the logistics behind it would be a nightmare for manufacturing. No one person’s skin tone is the same as another and trying to manufacture several skin tones would just be way too expensive.
Let’s be clear. You can TOUCH with this hand. You can’t FEEL with this hand. And 15k? Yeah it’s worth that much to a lot of people who lost their hand. But what happens when you spill kool-aid on it. Or get it dirty. Is it gonna last as long as a car? Probly not. And then how much will the repairs be? Price has to come down a lot.
I actually is kinda confused too, for something like these, surely it would be tens of millions worth, and spending like 1 yr for under 3million dollar is kinda odd.
Comparing direct COG vs sale is a bit arbitrary here, as it doesn’t factor as mentioned above R&D but moreover, certifications and validation. For reference, just a simple circuit board that requires UL or IEC approval is upwards of 5k-10k.
These sorts of uneducated comments makes me nervous about the upcoming election. People with so little knowledge of business and economics may vote. The $1500 doesn’t count the millions and millions in R&D
@@laurafratoni7931 I have plenty of knowledge about business, mine in particular. Every business in America doesn't go through an R&D stage, so it was a ignorant reaction. I appreciate the two gentlemen explaining it without sitting atop of a horse as high as yours.
There are tons and tons of other costs when it comes to medical items - regulations, testing, R&D, new products, marketing, education, partnerships with doctors / hospitals etc. A low margin new entrant can never survive.
kevin actually being reasonable and offering the 6% and not letting daymond be greedy
Kevin was smart, he wanted the deal and saw that he wasnt going to get it at 10%. Good negotiation from him.
John wasn't alone...
To those complaining about $15k, I’d pay $50k for this. You drive cars at $30k-$50k but wouldn’t pay $15k for a new hand that’s been lost? Get it together people
8k-10k sounds enough. Most cars run for years. What happens if an electronic fails in the arm, you don't have an arm for days? And how much it will cost to fix
@@iargsif something were to break it probably would not be critical and it would probably be something like the sensing components
Yes 15,000 is too much not everyone is that privilege to afford it
Fatcs.
it cost 1800 to make...
Mark would have gone nuts if he said the hand was plant based
😂😂😂😂😂
This is a prime example of the type of invention or business that shark tank should be made for
yeah, not banana phones and some new organic BS. Totally agree
Shark tank was made for small companies that have no connections but have great products and so the sharks open the doors for them. This guy was 4 PHD with i dont know how many certifications for his business and he was getting grants from the government just for existing, this is literally everything that shark tank was not made for. Also the most important point (for me at least) is how sketchy he was, like i felt bad for the veteran he looked like he was forced to be here or that guy would take back his biotic arm from him or something 💀💀impressed by how fast mark cuban smelled that something fishy is going on (and him selling 15k arms that cost him 2k to make really invalidates his noble mission of helping that small Pakistani girl he saw on the street, like do you think that girl can buy a 15k arm? yeah hell no)
Apparently not that sketchy the company is worth more than $50 million now
@@faroukusuc9024 I don’t agree with the last part. The 2k is just manufacturing costs. There are still rnd costs salaries marketing costs not factored in. I think a bionic arm will always be expensive to make given it’s a new frontier and they cost 2k to make. But I totally agree with the first part, I do love seeing all kinds of ideas for businesses on shark tank from house hold appliances, biotech, food and drink, fashion and apparel, electronic devices like the ring door bell, services, green solutions, pet products and the like. It shows you there are incredibly gifted people working a diverse set of problems
@@datwest5166 It was worth $50m when he walked in. That's what the market valuation was that he raised money at. People invested at the $50m valuation prior to him walking in to the Shark Tank which is why he had the valuation that he had in the first place.
To all the people saying he’s greedy, you can’t grow a company to a global scale with small margins, he even said how he could only do 100 per year based off their current margins.
Exactly, the 1800 doesnt factor in RND costs he has already paid as well. Thats what he can build one for now, but thats after paying engineers millions and prototypes etc.. Also takes money to make money like you said, large margins means more money to place bids with factories in china that scoff at him right now or overcharge. For example item 1 custom manufactured order 1000 units- 50 a pc. 100000 units 24 a pc. etc..
7:49 Mr. Wonderful doing education now 4th wall break
Yeah, I like this, hope they do it more.
fr
Mark is not good at hiding his disappointment, and it's comical.
He didn't try on this one, it's different. The company is really really sketchy
He's also rich. He can afford in expressing his disappointments without hiding.
@@MatheusLB2009 how 🤔
Please explain how tough?@@MatheusLB2009
Terrible person
I think the founder was incredible, high pedigree, great products, great attitude and a great cause. Lovely to see he got a deal. Also, confused about why Mark wouldn't invest being in the healthcare space ! But nonetheless, great pitch.
$1800 cost and sells at 15,500. Feel like “greater good” is just a side mission. This is why Tree Teepee guy is the legend that he is!
That’s manufacturing cost. It doesn’t factor in R&D which usually takes a huge chunk before the product becomes a success.
You don’t understand how drug and device R&D works and how much investment it takes to develop a product like this
you proved you are dumb without saying you are dumb.
There are tons and tons of other costs when it comes to medical items - regulations, testing, R&D, new products, marketing, education, partnerships with doctors / hospitals etc. A low margin new entrant can never survive.
Bro didn't take into acccount advertising, maintenance, future RnD, After sale service lol.
For everyone complaining about the 15k, this is covered by MEDICARE. That’s a huge deal. Patients won’t pay for this out of pocket. Also as a resident physician, you guys would be shocked if you know how much some of this med equipment is. He could easily sell this for like 50k
Lets go medicare
Well said
You are the problem in our healthcare system. This is not okay. The fact that Medicare or insurance will pay for something doesn’t make it okay.
Happy he got a deal and all BUT at the end why would Dr. Adeel give the Veteran amputee a pound with the robotic hand and say BOOM! 🎆 ?!?! - thats how his arm got blown off in the first place!!! 🤣 F%CKED UP
😂😂
🤣🤣🤣🤣
😂😂😂😂😂
😂😂😂😂😂😂
😂😂😂
Lori always laughs so cute when she can the money will be minted. Her soft laughter to make it easier for the entrepreneur to gravitate towards her
Update on the company
" In May, 2024, Psyonic partnered with EastPoint Prosthetics & Orthotics and Advanced 3D, Inc to make custom-made prosthetic sockets for the Ability Hand. The partnership has the goal of making advanced bionic limbs more accessible and affordable. As of the first re-run of this episode in June, 2024 - about 3 months after the original air date - there is no evidence the deal with the Sharks closed. The company, at this time, is valued at $65.07 million."
Crazy how every shark didn't invest.
nah it's not crazy, it's a tv show, and they only need to act @@mrhumble2937
@@mrhumble2937 one of those deals that would jus look good to accept on tv
source: trust me bro
@@ThatCarGuy fake news
He has to take that deal just for the ability to say he's got 3 sharks working on it.
I would had just took 7. The other guy says there is symmetry in 6.
For most of the people that don’t know much about tech and health companies, most of the investment is not on the cost of making it but in I+D. So it costs 1,800 to make it but that’s not how much it cost to get to that stage
1800 cost selling for 15.500… and he was ends with “WE ARE HELPING THE WORLD”. Such a huge heart. ❤️
Nobody is paying out of pocket lol Medicare is paying
There are tons and tons of other costs when it comes to medical items - regulations, testing, R&D, new products, marketing, education, partnerships with doctors / hospitals etc. A low margin new entrant can never survive.
His profit was only 100K after selling for 1 million, and you want to lower his margin?
His Customer base also limited
Consider thinking about things before giving your opinion.
I love how Damian fakes it to make it- he has no idea what he is doing 😂
It's a massive red flag when a guy raising at a $50M valuation and an 800% markup on his product says investors didn't like his company because of its "mission for humans". We don't get to see the whole pitch, but it looks like Mark and Robert were asking questions he couldn't answer.
His profit margin is only 10% roughly
Only 100 units made it to the market so far. There is always additional cost outside production cost, and so most of the profits will be drained just to scale. It's too expensive and very high risk for investors.
Ring, for example, raised $400M from investors for them to sell for $1B. A lot more investment will be needed for this company to survive.
As for the price of each unit, it will most likely go down as the company continues to scale
You don’t understand R&D
You dont known what medical big company stands is it?
@@Ollie-lz5hr@Ollie-lz5hr Saying you're too moral to explain why other investors didn't invest is a backhanded answer to complement yourself; just screams he's hiding something.
I've watched Shark Tank on my lunch break every day for five plus years and I will say this is the best one I've watched. This is awesome! Any update on this company??
What do you eat during your lunch break?
@@grap3soda32😂😂😂😂😂
@@grap3soda32 dinner
@@grap3soda32hopes and dreams of being on Shark Tank one day
Food @@grap3soda32
Knowing that the pacemaker is around 10-15k, hearing aids being 1k and above. New limb with senses and dutability, really does make sense to be 15k. Increasing the capacity of the facility and increasing the inventory to sell, surely will help drop the price.
7:51 I'm now imagining Barbara calling time out and talking to the camera. "I guess you all are wondering how I'm gonna go out this time. Well here's my plan..."
MCuban's arrogance is beaming ... not sure what the deal is ( looks like a personal prejudice )... right when the guy walked in, he was negative towards him ... didn't give him the benefit of doubt at all ... just nuts !!
not sure whey he wouldn't even want to be partners and, or even associated with him! Akhtar is quite literally a genius...
But this thing does feel fishy.
@@PindosinaYea, and at times, he looked like he was just making up numbers.
I’ve noticed for some reason he hates doctors or anything related to healthcare
I think what Mark typically likes investing in those who are not rich yet and willing to put the effort in to get rich. In this case, this is too grand of an idea for him and way too much money and investors for his liking. This is typical for Mark.
15K for having your hand back. Definitely better than Apple VR.
That skepticism from them is kinda what he’s talking about when he said that others didn’t want to invest in it. It’s kinda just a repeat of that. However that 1800 for 15k is… oof.
Mark is having flashbacks after debating Vivek Ramasamy 😂😂
lmfaoooo fax
😂😂 yoooo
Viveks a tool
Jax from Mortal Kombat watching like 👀
Did you see how that guy was holding his hand at the end when they walked out
How?
5:04 they really don’t care Mark
now we found out after that health insurance ceo😂
That's like the winter soldier on avengers
Love for Dr. Adil Akhtar from Lahore, Pakistan 🇵🇰
❤❤
Allah isn’t real
Cuban’s ego is always bruised when an intelligent, driven person rocks up.
no the company is sketchy
Dude I was screaming "TAKE THE GODDAMN DEAL" When they offered 3 Sharks 6%
Mark Cuban, I don't understand you. You didn't think that this was a good cause, that's why you didn't invest. That's why other investors didn't do the same either. Three sharks were moved enough to make a move. It's you, not the doctor who did enough to persuade you.
He did think the cause is good, who wouldn't? But he said the guys story didn't add up. I bet 10k the deal won't close
This product doesn't make sense for sharktank. I agree with Mark. Why doesn't this guy have VCs waiting out the door. It's so easy to get millions for a company like this from venture captials.
@@MatheusLB2009 You are right. It dint
@@MatheusLB2009 Then you may be out $10K because according to several update sources the deal closed. Only the shark tank blog states there is no evidence that it closed. It does, however, say that as of June, 2024, Psyonic had a net worth of $65M.
@@Arasteele that's horshit lmao I just searched it, there is no confirmation
Geniuses like Dr. Akhtar don't come along often. What a gift to society he his !
Making it for $1800 selling it for $15k… So much GREED
@@theempire00 You can pay millions for all the medical R&D and he will probably be willing to sell it for half the price.
@@theempire00do you know how much R&D went into those?
@@theempire00bro that's production cost, what about the R&D and other things that are done hindsight?
1:48 Iraq? Should not have gone there. He lost a limb and then cannot even speak normal now! Poor guy! Iraq was brutal. Hoping for what is best for this guy and for the Iraqi people as well 🙏
He was prob just really nervous
Mark is like a spoiled child with extreme emotional reactions.
Supporting from San Diego ❤
The carbon fiber is what makes it expensive to make but also very sturdy.
Robert brings up dancing with the Stars a lot
What kind of investor doesn't believe in the mission of "helping humans"?? Robert knew something was sketch
Investors are dumb sometimes. They all said no to ring. People get nervous with tech. Cost a lot.
Have you met mr. Wonderful??
@@rainierterucha8907 He didn't really want it, his deal sucked.
@@mrhumble2937 Mr. Wonderful gave the ring guy an offer, so he actually believed in him
Cost 1.8k. Sale 15k. No investor isn't saying no to that. 😂😂
Got to remember the research cost is probably millions and if the company wants to improve and help more people 15k ain’t to bad
One to think 15 k is too much they would only understand the value of it if they had lost an arm or a hand. The cost to make it is $1800 but it does not include R&D behind it which cost millions plus the expertise of the team behind the creation of the bionic hand.
"Snake why are we still here, just to suffer?"
If all of them can help the people who need it quicker.....The merrier....
Look at his face he knows he's now in the shark tank I love it😂😂😂😂😂
Kevin said symmetry in each of the 3 guys...6 percent each. 6...6...
This is the type of deal Mark would've blown out of the water but took off
Carne asada and arroz for lunch 🔥🔥🔥🫡
Had a Banquet Frozen Meal (Country fried chicken and mashed potatoes/corn) and a Cherry Coke for my lunch today…what about you guys ?
He claims he was inspired by a girl who was missing her leg but he makes arms
Dont be surprised when they raised the price.
Mark I'm out because others haven't invested. Maybe that's why the others haven't invested.
Everyone always thinks only $1800 to make, $15k is a rip off. They really do forget all the other costs associated with selling the product though… Lots of money, also, they gotta have somewhat reasonable margin to continue operating for a bit when things go south too if they ever do for a bit.
The cost of R&D for tech-heavy products like this can be enormous.
How the amputee walked out (fist non-opened and supported by other hand), suggests to me that maybe its not such the miracle medical product suggested… promised. Maybe Mr. Cuban was right. Thanks for the video.
I think he was used to cross his fingers between both his hands (and obviously the new hand cant do this comfortably) so another way to have the same resting "hand-stance" and habit would be to clutch one hand onto the other.
Nah, i also think it was a bit sus. You stand at attention, not walk with it. It is kinda suspicious how he clutches it all throughout being filmed.
Don't get me wrong though, with the competition out there, this still looks to be the most cutting edge. But temper ypur expectations folks, cutting edge might not be what you imagine it to be.
Robotic hand.this reminds of the beginning of The Terminator
I think Cuban's rosy idea of how the VA and healthcare companies treat Vet's needs to be scrutinized more here. This is a more expensive prosthetic, which means it would cost more for the VA and health insurance companies to cover the cost. If only wealthy people lost their hands, a 15 thousand dollar arm that does what this does would be a billion dollar idea. But since the market for people that would actually need this hand isn't the extremely rich, VC's would naturally not be inclined to take on the risk due to the lack of return on investment.
billion dollar valuation.. wow..... imagine, japan, china, europe, etc. needs it.
Just the IP alone is incredibly useful for a whole range of things. Think about remote surgeries, 24/7 workers, paralympics, etc. Bionics are the future and this is clearly not a bad product.
Happy lunch everyone!
LMAO no way they walked in there and walked out having to pay the sharks money..
10:16 He says he would do it for 6, because there is symmetry to that. (3 sharks for 6 percent each).
His first minute? Amazing 😎
Bro Looks Like Tony Stark
THAT SHOULD BE A CRIME! $1,800 TO MAKE IT YET SELLS IT FOR $15,500
You clearly don't understand the costs of RND, manual labor, and everything. He literally made 100k out of a million dollar sales
MEDICARE
did you hear him 1 mil in sales and only 100,000 profit
@@ahmaranwar1488 R&D not RND
To be entirely fair here, there is a LOT more money going behind the research and development of these prosthetics than just the manufacturing costs
£15500 is not for general ppl for sure… he is a business personal and this is a good marketing ….
Not pounds, dollars. And regular people that want their arm back will be paying it
my mom would say that life is a system and everything has a hidden bottom line including health care people not caring for humanity and more about the money gained in the product
This deal will never go through. I could see it in the pitch guys face. He doesn’t have the 6 percent to give away.
Google "Did the deal with psyonic go through on shark tank?" and tell me what you see.
Wow, Daymond is greedier than Kevin here..
Tree teepee guy best of the best
Amazing heart
Farmer genuinely cares he legit cares
He has a bachelors, 2 masters and a PHD.
To get 3 sharks for 7,5% gonna be huge they know what they doing
I dont think the deal went through, he doesn't really have the freedom to dilute 6%
This is 10000000% a no brainer. This doctor is on his way to billions in sales.
I personally feel Mark was a little harsh toward the guy, which might be after knowing he belongs to Pakistan.
I might be wrong, I just feel like he didn't even once appreciate this guy whereas if anyone else had done the same he would be clapping and saying BRAVO and other good words to motivate them.
Dr. Adeel is such an inspiration and a great representation of PAKISTAN, so proud to see him getting a great deal with 3 SHARKS
it's so nauseating when people rush to say 'TYFYS' first and then the rest follow
Just did a quick search and the company is worth 50 million now. It seems like only a matter of time before this blows... .Also the fact its cover my Medicaid already screams, Money!
Correction: The valuation of the company on the guy's ask going into the Shark Tank was $50M. As of June, 2024, Psyonic is valued at just over $65M. (according to the shark tank blog)
the girl needed a leg, so he got inspired to make a hand! Yeah, same thing lmao!
Adeel gave them ADeal.. Brilliant. Can't believe they didn't catch on this lol
Wait so if the prosthetic arm allows you to feel, then wouldn’t the guy with the arm feel pain after punching through the wood?
My guess would be the sensors are in the fingertips and perhaps the palm, not the back of the hand/knuckles.
@@Arasteele Makes sense
Mark. Now you know, theres a lot of ppl working in medical that dont care. Ppl that actually care know when ppl don't.
For all my brother veterans…. Amen
Nail biting edge of the seat kind of episode... 🔥🔥🔥
Lunch anyone? 😊
Yup just having some pizza, how about yall lol
Fried rice, turkey and egg.
🌮
Elk burger
Right here
This is a great example 1800 to make and 15000 on sell 🤡 ...... How bands are becoming more richer ...
he made 100,000 from 1 mil in profits there are other costs too other than manufacturing
Who else is here after watching Shorts. 🎉
I had tacos watching this
I'm making tacos right now 😂
Banana
Robert was so invested
Mark is such a liar, 1 month, he says the health industry doesn't care, the next he turns down a deal because he doesn't believe the guys explanation.
It would be so nice lf the robotic hand could have human skin color at least to match with human skin just saying
Maybe its a personal preference IDK but I disagree. I think it looks cool if it looks like a futuristic robotic hand. It looks more badass this way.
@@wolverineiscool7161Iron Man lol
Definitely give them the option of skin color, but for some reason robot hands look kinda cool and i dont think people would be embarrassed to have them.
Could be an option they are looking to introduce in the future!
I definitely agree but i think what’s stopping that is the logistics behind it would be a nightmare for manufacturing. No one person’s skin tone is the same as another and trying to manufacture several skin tones would just be way too expensive.
Cubans problem is he always wants to be the smartest guy in the room. the other sharks didn't even care with what he said. 😁 😂
It not only available prosthetic arm in market there are more advanced and cheap products like this
Surprised to see Lori take a deal like this
Close to 90% margin. The amount of greed.
1800 is just a production cost. Running costs are high
Let’s be clear. You can TOUCH with this hand. You can’t FEEL with this hand.
And 15k? Yeah it’s worth that much to a lot of people who lost their hand. But what happens when you spill kool-aid on it. Or get it dirty. Is it gonna last as long as a car? Probly not. And then how much will the repairs be? Price has to come down a lot.
Wherever the product is good they the sharks throw a lowball offer…. When the product is stupid they give good valuation lol…
I actually is kinda confused too, for something like these, surely it would be tens of millions worth, and spending like 1 yr for under 3million dollar is kinda odd.
Robert really said “im really bullish” 😂
Selling @15000 and making @1800 is a lot
indian are incredible when it comes in engineering 👏
He is Pakistani 🙄
Originally part of India
@@mathsdebater How can Pakistan be originally part of India if both Pakistan and India were created in 1947?
Indians taking credit for other peoples inventions like always 😂😂😂😂
@@JJaqn05 India was partitioned and Pakistan was created. A consequence of many years of brutal colonial rule.
$1800 with a markup to $15,500. THAT'S INSANE.
That’s manufacturing cost. It doesn’t factor in R&D which usually takes a huge chunk before the product becomes a success.
Comparing direct COG vs sale is a bit arbitrary here, as it doesn’t factor as mentioned above R&D but moreover, certifications and validation. For reference, just a simple circuit board that requires UL or IEC approval is upwards of 5k-10k.
These sorts of uneducated comments makes me nervous about the upcoming election. People with so little knowledge of business and economics may vote. The $1500 doesn’t count the millions and millions in R&D
@@laurafratoni7931 I have plenty of knowledge about business, mine in particular. Every business in America doesn't go through an R&D stage, so it was a ignorant reaction. I appreciate the two gentlemen explaining it without sitting atop of a horse as high as yours.
There are tons and tons of other costs when it comes to medical items - regulations, testing, R&D, new products, marketing, education, partnerships with doctors / hospitals etc. A low margin new entrant can never survive.
There wasn’t full proof demo. And nobody bothered about how the tech worked. I think there is something fishy with this product 😮
its worth 65 million today and deal never closed
I knew it. Mark cuban is not a good man at all. He always think about money not kindness.
Of course he is, he is a jew
15,5k$ price while 1800$ to make one... pure greed.
How do you expect them to produce more if they make none also covered by insurance