Hugo's Amazing Tape Owners Keep Their Father's Legacy Alive! | Shark Tank US

Hugo's Amazing Tape Owners Keep Their Father's Legacy Alive! | Shark Tank US | Shark Tank Global

Рет қаралды 347,130

Жыл бұрын

Katherine Saltzberg and Lauri Fraser are seeking $50,000 for 50% of their product which is a non-adhesive, self-clinging tape called Hugo's Amazing Tape.
From Season 9 Episode 23
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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.
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Hugo's Amazing Tape Owners Keep Their Father's Legacy Alive! | Shark Tank US | Shark Tank Global
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Пікірлер: 512

@RebeccaDhillon Жыл бұрын

It looked like they were burdened on some level with the company. They love their dad and didn’t have the business skills or time to do the product justice. They needed the weight lifted and the lovely/talented ladies did that while preserving his legacy better than they could have on their own ❤ well done

@denispetsch7769 Жыл бұрын

You nailed it, the excitement from them when they got a deal shows it. These two gals were the most anti entrepreneur people on Shark Tank but never gave up.

@funnysunday8167 Жыл бұрын

Agree! They wanted the company to still exist and with their fathers name, but that’s it. They weren’t interest in working on it.

@cnachopchopnewsagency Жыл бұрын

Thats why having daughters is worthless. They can never bring the legacy and keep the family name to the business ownership.

@janecoe9407 Жыл бұрын

THEY ARE ACTORS. THEY GETTING THE TAPE FROM CHINA AND SELLING IT, THEYNEVER INVENTED ANY OF IT.

@younishijazi4986 10 ай бұрын

@@cnachopchopnewsagency Wouldn't say useless, moreso that you should also have a son if u want to preserve the family name

@alejandravillarreal4158 Жыл бұрын

I really feel that Mark and Lori took advantage of the situation.

@kanepoe. 5 ай бұрын

You think sharks are nice?

@RicardoTorres1 Ай бұрын

What situation? Those ladies had nothing. No sales, no patent, nothing! If anything, they only made an offer out of pity.

@rahimmahtab2993 Жыл бұрын

They should have kept a small percentage of the company even if it was 10% It would have been wholesome to have Hugo always be part of the family but I am sure he’s proud and happy

@mickeysofine6386 Жыл бұрын

Thats what I thought.

@TimS. Жыл бұрын

Yep I would've countered with a 2% royalty in perpetuity

@ayumuchan3541 Жыл бұрын

He most likely would have said no. Why? because he knows they can't hold up the business nor do they want to let it fall. It was made clear by their current busy professions and love for their father. So he kind of checkmated them, let his legacy live under my hand or let it fall under yours.

@Tortilla.Reform Жыл бұрын

Sometimes you need to learn to let go

@cnachopchopnewsagency Жыл бұрын

Thats why having daughters is worthless. They can never bring the legacy and keep the family name to the business ownership.

@sameerkadam4830 Жыл бұрын

their father watching from heaven saying damn these kids sold my invention for only 100k

@Vxccine1234 24 күн бұрын

Looooooool

@SpinningToWin Жыл бұрын

One of the most entertaining pitches in quite a while

@Scott-got-caught Жыл бұрын

For that reason, Barbara is out

@theempire00 Жыл бұрын

Yes!

@joe-op2gr Жыл бұрын

@@Scott-got-caught if she's out, then im in

@Stufftough Жыл бұрын

GET BARBARA OFF THE SHOW

@iliya3580 Жыл бұрын

These two should be a comedy duo, they're amazing

@tyrellcobb4665 Жыл бұрын

Seems like there's a lot of unrealized talent in that family.

@RaeBattleRapsMood Жыл бұрын

This is one product that I 100% liked and had no doubt about its usefulness. Hope sharks kept Hugo going for the father’s name sake!!

@mw3is Жыл бұрын

Yes it’s still going generating millions in revenue!

@adingdingdiiing6740 Жыл бұрын

They did. In fact, you'll feel bad for these women when you find out how big the revenue is now. They sold it for 100k now it's making over 3million and they're not getting any piece of it.😅

@chriscope7292 Жыл бұрын

they should have asked for a small royalty

@denispetsch7769 Жыл бұрын

@@chriscope7292 For sure, I'm betting they would have gotten it all things considered.

@AlChilazoLife Жыл бұрын

So stupid, could have gotten at least 10%

@lmaobro-we7ig Жыл бұрын

Update: Lori and Mark sold the business to a private equity company for $6,240,000

@valeratkanta9682 Жыл бұрын

Thank you for updating

@ejicon3099 Жыл бұрын

Sheeeeeeeeeeeeeeeeee'it. Goodness. I really hope they gave these two ladies a larger parting gift amount.

@singstreetcar5881 Жыл бұрын

@@ejicon3099 they are not entitled to anything. This is business

@ejicon3099 Жыл бұрын

@@singstreetcar5881 Obviously they're not. I'm just saying, it would be a nice gesture.

@singstreetcar5881 Жыл бұрын

@@ejicon3099 this is business, there are no "nice gestures ". Mark is not related to these women. There is no emotion when it comes to business and making money

@xxsweetazchickxx9790 Жыл бұрын

They sold themselves short. Lori & Mark sure did take advantage

@bhargavikaveti1328 Жыл бұрын

Not sure of being taken advantage but yes they sold themselves short

@IceBioshock 5 ай бұрын

dont think so - patent is expired, the company producing that stuff is allowed to produce and sell it to others, any big retailer, like a glue company gotta see the opportunity, come in, talk with em, order 100k product, try to sell it under a different name and boom, they get fked royally - also they didnt knew the finer details about the business, theyve got their own lifes, they arent invested in that and seeing it not dying, cause of their vather is what they wanted, so all in all its good id say

@hmikey5680 Жыл бұрын

Them two ladies were just too good at being a crazy act and didn’t even negotiate anything with the sharks. Literally gave their business away

@TheDemonAngel28 Жыл бұрын

They wanted to honor their father but immidiately sold his company, like what

@RockBisonQ Жыл бұрын

meant put it too good use. Because they are not making it that is why. But they did decide too quick without negotiation was a bit disadvantageous but with all the sharks are out they scared I understand.

@rickylee1986 Жыл бұрын

Mark & Lori are after the first-mover advantage. When they are smiling but not expressing anything, it implies there is something valuable there.

@sammyboss-yc2kr Жыл бұрын

Exactly

@Karina-er7mx 6 ай бұрын

What's Mark and Lori's background?

@LV2UJC-FM Жыл бұрын

This is an Amazing Tape. They could've made a fortune from this product. I'm shocked they took the $100K offer for the entire business.

@HandlesL Жыл бұрын

They wouldn’t have made a fortune walking out without a deal Maybe if it was patented still but no. The product is free reign for any company to produce now

@johnl.7754 Жыл бұрын

Amazing tape might’ve made $100k profit just from Shark Tank airing on TV and KZfaq 😂

@lisag.2902 Жыл бұрын

yeah, i was sad, they should have kept some retainership, I knew that would happen, they got ripped is what happened.

@pemarts Жыл бұрын

They really needed money...uau

@jakemontana4129 Жыл бұрын

They are clearly not money oriented people, they don’t know what this business could be worth

@deepsavla6754 Жыл бұрын

Mark taping kevins mouth shut was perfect

@WonkaVator72 Жыл бұрын

I wish that the sisters had negotiated a royalty or at least a slice of equity - 10-20%. If the Dragons buy the entire company, they'll _make_ it work. They could have made a lot more out of this deal.

@theempire00 Жыл бұрын

Yes! OMG, a royalty deal would’ve been THE BEST counter. And I think the sharks would’ve accepted it 😢

@williefr Жыл бұрын

I thought the same! A royalty would have been the best option for them. Sad to see they didn't come up with it.

@RockBisonQ Жыл бұрын

yep that would keep their dad legacy in my opinion.

@cnachopchopnewsagency Жыл бұрын

Thats why having daughters is worthless. They can never bring the legacy and keep the family name to the business ownership.

@friendlyone2706 Жыл бұрын

The most amazing thing about the tape is something shared by word of mouth: Arthritis fingers? Wrap the tape around them. It's like a miracle. The father discovered that fact by accident when he wrapped taped around his mothers fingers (individually, not together) in hopes it would would make it easier for her to knit, since the yarn caught on her fingers knobby joints. She loved knitting, but could no longer knit for more than 10 minutes without pain. With her taped fingers she could knitted over an hour pain free. Personally, when my fingers start getting painful, thick joints, I wrap the tape around them a couple days, they get better, then go back to normal.

@friendlyone2706 Жыл бұрын

PS I've used this product for nearly 20 years. That's when their father sold it to my business at a wholesale trade show. Their father was a wonderful man.

@adingdingdiiing6740 Жыл бұрын

I kind of feel bad for them even with the deal. They sold it for 100k, the company is going strong and is currently worth about 3 million.

@GeddyRC Жыл бұрын

They should have pulled a reverse Mr Wonderful and asked for a $0.25 royalty on every sale or something like that.

@stevepeterson5943 Жыл бұрын

When they heard sell 100%, they should have cradled that portrait, and said, "you know . . . Dad's favorite number was 75 . . ."

@ejicon3099 Жыл бұрын

Lori and Mark know they can make bank off of this product even if it's not original and even if it's being ripped off everywhere. They'll change the packaging, add some color options, sell it on QVC and BB&B and make millions! Well done sharks. You made these sister's day.

@bhargavikaveti1328 Жыл бұрын

It shows they both are talented and generous enough to invest in a seemingly ripped off product

@ejicon3099 Жыл бұрын

@@bhargavikaveti1328 You weren't paying close attention. Hugo created this product 20 years ago and patented it. The patented expired and now this product is "potentially" being ripped off in Taiwan.

@venaautos Жыл бұрын

What is BB&B?

@bhargavikaveti1328 Жыл бұрын

@@venaautos bed bath and beyond, i guess

@ejicon3099 Жыл бұрын

@@venaautos Bed Bath & Beyond

@coldblooded568 Жыл бұрын

This is the best pitch ever OMG! I love these ladies' personalities!

@anovosedlik Жыл бұрын

These sisters are FANTASTIC and the product actually looks incredibly useful!

@Jeremiah-ki6fd Жыл бұрын

Not first to market…it’s called bondage tape and it’s been around for awhile 😂! They just manufactured different colors outside of solid black and red. I feel like Kevin knew but didn’t want to share that tidbit 😂!!!!

@brokenpropproductions Жыл бұрын

We are on the same page, LOL , Pure Bondage tape , wonder where their dad picked it up. ? LOL .

@PAVEL-JAKL Жыл бұрын

I only watch shark tank US..👌

@Gg-ij7li Жыл бұрын

Jesus loves you and is coming back soon! Believe in His death and resurrection and repent of your sins and be saved! Remember that He died and rose up again for you to be in heaven with Him! Have an amazing day ❤😊❤

@sapbison Жыл бұрын

I must agree with you for this.

@Urineil Жыл бұрын

Same. Tried to watch AUS. It sucked.

@rensaudade Жыл бұрын

@@Gg-ij7li lol

@nihith323 Жыл бұрын

You and me bro

@timtaylor1365 Жыл бұрын

They killed it with their pitch...

@weilixu4879 11 ай бұрын

Mark and Lori were nervous and little ashamed without telling them the potential it has and just grabbed them all. They were morally sound. But I felt a middle ground would be gifting them 10% share for what they deserves or 5 cents for every piece sold.

@loua4773 Жыл бұрын

I can't believe what these two ladies just did! This is literally a GREAT product. A perfect solution. They just threw it away for only 100k. Unbelievable!! They could have came in and asked for 50k for 20 % and went from there.

@DetroitTyler Жыл бұрын

They didn't really have much leverage because they didn't have an existing patent. They came in with a 1st of brand and hoped to elevate it fast via a Shark, any Shark could have mimic'd it. What Lauri and Mark did was to invest in the Branding, now they own the Original naming of that product. Sort of a nod to americana in a way.

@abowden5079 Жыл бұрын

its not worth more than 100k... its unpatented and made in taiwan meaning its been knocked off 6 ways from sunday already in china/taiwan and already being sold by other sellers.

@latoyaboston3845 Жыл бұрын

At least a royalty or something

@cnachopchopnewsagency Жыл бұрын

Thats why having daughters is worthless. They can never bring the legacy and keep the family name to the business ownership.

@abowden5079 Жыл бұрын

@@cnachopchopnewsagency ^ this is why you're worthless

@iulic9833 Жыл бұрын

Update: The company has been doing over 3 million in sales. I'm pretty astonished by the fact that the women agreed to sell the company for only 100k, lifetime sales were around 500k. It might have just been a publicity stunt and the sharks didn't actually buy the entire company.

@zacharygreen2895 Жыл бұрын

has been doing over 3 million in sales per day

@JoaoMPSilva13 Жыл бұрын

500K with a very high margin. Something seems off

@sc-iu1tq Жыл бұрын

It might be it didn’t grow enough to sustain them and became a burden when they had other jobs.

@Jasper-Holland Жыл бұрын

@@zacharygreen2895 lol no

@aligundogdu7668 Жыл бұрын

Yeah they could have keept 90% at least or some kind of royalty

@rynichols Жыл бұрын

Sharks took advantage here - whole thing obv way more than sum of parts

@turbojaxx1641 Жыл бұрын

Honestly I love this tape. I used it at my desk to tie my cables together. So simple and so nice - much better than a bunch of zip ties or whatever.

@actionjackson6189 Жыл бұрын

Hugo Tape, so strong it can even keep Mr.Wonderful' Speechless

@NycForgiato Жыл бұрын

Waiting for the fake lame comments like “hey, sucks that they sold it because company is now worth 1.5 trillion”

@brokenpropproductions Жыл бұрын

My wife and I “played” with tape like this that we picked up at an Adult Toy store. It’s Bondage tape , been around a long time . LOL

@Jeremiah-ki6fd Жыл бұрын

Just read this- I commented the same thing 😂.

@brianconlogue1302 8 ай бұрын

I said the same thing! Lol

@Godlystriker 11 ай бұрын

They should do a show, I'd watch them all day

@Yojerome303 Жыл бұрын

Damn I would’ve fought for a couple percents, could’ve been set for life

@mrhumble2937 Жыл бұрын

Right or sell it and say 50 cent royalty per sale or something.

@miketwomey4923 Жыл бұрын

That's what I said, 5-7.5% seems fair enough for me. Don't cut me out of Hugo's tape, it was their dad's passion and dream. They deserve to have a chance to take a cruise or whatever to enjoy the Hugo's Tape story at least once or twice a year...

@markqara723 Жыл бұрын

They should of asked for a life time Royalty.

@sensennsen Жыл бұрын

I like how they fully went on convincing stage and then the mood changes.

@jaymavs Жыл бұрын

If you cannot pitch your product/idea with the level of excitement these two showed, you best stay home.

@MrHadi0099 Жыл бұрын

"Barbara this is something for you". Barbara: "I agree and for that reason I am out"

@BrentFiore Жыл бұрын

I was skeptical so I tested it and it worked perfectly! I'm out

@cwilliams9587 Жыл бұрын

Best reaction to getting a deal

@knifeauction Жыл бұрын

A legacy lives on and on. They should have asked for 10cents in perpetuity=forever Mark and laurie wanted that tape !!!

@anthonyp2312 Жыл бұрын

Man mark stumbled in his words he was excited what a deal 🤣

@orangesloth2296 Жыл бұрын

This is what happens when you leave stuff to your kids lol

@michaeltudda5174 Жыл бұрын

If you have parents who leave stuff to their kids

@annsmith7207 Жыл бұрын

Should have added a royalty along with the outright purchase

@datmeme8967 11 ай бұрын

They could have at least asked for a 7% royalty which is pretty common in these kinds of deals. But they aren't businesspeople and Mark and Lori had no problem taking advantage of that fact.

@anthonywilson1716 Жыл бұрын

HANDS DOWN BEST PITCH EVER

@gypsyfirefly8009 10 ай бұрын

Those tape gals really nailed their presentation 👍🏽😄

@swisscheeseoo7487 10 ай бұрын

6:55 Love the shark music swimming around.. " We have to think about it" Mark and Barbra said no .. make up ur mind.. 7:40

@MattyMalvs9 Жыл бұрын

Hugos rolling they sold his company

@Dangerouscow999 Жыл бұрын

sold their fathers legacy in a heartbeat :D

@lukealadeen7836 Жыл бұрын

Women am I right?

@cumacinabiasa Жыл бұрын

What a waste of opportunity. I think the sisters missed out on something big. Would've negotiated for a royalty fee in perpetuity just to be safe and still kept their father's legacy. They didn't even think twice and jumped straight on that 100k. What a shame.

@dancingmeerkat2078 Жыл бұрын

Gosh, I would have loved to have seen them try and negotiate a royalty. Something to where they could still retain a piece of the company!

@kibiholder5170 Жыл бұрын

The way mark and Lori high five ,lol

@ejicon3099 Жыл бұрын

Cha'ching! High Five

@neilpowell5285 Жыл бұрын

We'll be seeing the tape on QVC soon.

@kevindunlap5525 Жыл бұрын

So they went to Home Depot and bought the small hand roller style of stretch wrap and said: Let's call this a brand new idea.

@tjjames2296 3 ай бұрын

They're great actresses and did a good presentation!

@ExpEcer 3 ай бұрын

These women were on their A games that day one of the most entertaining pitches in the tank!

@mohamedothman7445 Жыл бұрын

I love the presentation!! The ladies are amazing!!!

@ryant1648 Жыл бұрын

They’re also terrible businesswomen. Mark and Lori bent them over.

@felix_15h Жыл бұрын

Mark almost committed an offside at the end, but nice save

@dha588 Жыл бұрын

All you had to do was sell this tape at walmart, amazon, ebay, target, etc. And youll make more than 100k.

@ladyjaymie Жыл бұрын

Such a great product for 100k. They didn't know what they give up.. I want that tape..

@teddym2808 Жыл бұрын

Why does something always become a product and not a business when they aren't interested in it? I mean isn't scrub daddy a "product"? I love how they conveniently change things to suit them.

@RewindBloomington Жыл бұрын

You don't know the difference really though, do you?

@RRR-vr7cd 10 ай бұрын

no patent

@ianlister7333 Жыл бұрын

Sharks had to get 100%, no way they could have put up with the "bad theatre" in all the meetings, if they had only 50%

@Silvaback413 Жыл бұрын

Wait… don’t press play til you have your food ready.

@Gg-ij7li Жыл бұрын

@SparrowHawk2009 5 ай бұрын

Barbara: "You are giving me 100% of your company for zero dollars. Therefor I'm out."

@gimpyrules6714 Жыл бұрын

I don't get why they are so happy It's just 100k before taxes I would of asked for a little royalty payout

@morahman2988 Жыл бұрын

"There's more madness!" 😄

@TheLochs Жыл бұрын

Seems like a great product!

@rahulshendre7089 Жыл бұрын

great deal and kevin got taped in the end 😂😂👍

@MikeFarnhamGalaxysEdgeGroup Жыл бұрын

update - It’s rare to see a company sell 100% of its equity in Shark Tank, but it does happen from time to time. Since selling Hugo’s Amazing Tape to Mark and Lori, reports indicate that it continues to generate millions of dollars in annual revenue. It’s unclear if Katherine and Lauri are still involved with the company or have moved on to a different project.

@Arthuur9 Жыл бұрын

Millions??

@brittanydeweaver6123 Жыл бұрын

They were so happy over $100,000 😭

@stevepeterson5943 Жыл бұрын

If they sold the company, they sold the company. What do you mean by "still involved?"

@DetroitTyler Жыл бұрын

They had no IP on it therefore a knockoff could emerge, the only thing they had essentially was the story and being the original brand of it. So they essentially sold the brand Mark and Lauri could have just saved the money ripped it off and made truckloads. Instead they now are a part of that legacy and story for $100k.

@miketwomey4923 Жыл бұрын

They each should've held out for 7.5%...

@tylereastlick1599 Жыл бұрын

Top tier Barbara content.

@katastrophe_ttv3033 Жыл бұрын

RIP to their father ✝️🤍

@bizoot1 Жыл бұрын

ladies shouldv'e asked for a royalty

@friendlyone2706 Жыл бұрын

Pity these women never did a QBC ad themselves.

@arjunrsrivatsa Жыл бұрын

“Mark and I have been talking…….and we’re out”

@mrhumble2937 Жыл бұрын

Should have started at 25%.

@mrsir4315 Жыл бұрын

First time I legit laughed during thier pitch

@danyoung2011 Жыл бұрын

Should have asked for 15 cent royalty

@FKZYTV Жыл бұрын

Great pitch!

@romerooo3212 Жыл бұрын

Damn they played there damn self! It’s crazy how sharks knew they were actors too

@gavinshafer Жыл бұрын

that was the most obvious screwover by mark and lori that's ever happened

@estebbesfunnyclips Жыл бұрын

Barbara: "I'm sorry you ladies have two legs and heartbeat, and for those reasons I'm out!! "

@samwright285 Жыл бұрын

😂😂😂😂

@darinhudson6571 Жыл бұрын

Salute to Hugo..... job well done for his daughters. Mark and Lori are Champs!!!!

@bhargavikaveti1328 Жыл бұрын

No wonder they are generous, mark and lori always jump in to support the entrepreneur instead of merely looking for a profitable company

@GeddyRC Жыл бұрын

When the theater kids grow up and need to sell their dad’s tape

@umerrehman8784 Жыл бұрын

So wholesome

@johnl.7754 Жыл бұрын

Amazing tape might’ve made $100k profit just from Shark Tank airing on TV and KZfaq 😂

@keasenne Жыл бұрын

You not kidding right.. 🤣🤣🤣

@youngster30uk Жыл бұрын

They should have asked for a small royalty in pepertuity, 59 cents a roll or something

@nashdapistolshrimp8641 Жыл бұрын

This reminds me of that Aussie who " invented" a some kinda special brick while he was backpacking in Vietnam and patented it. Now he's making millions.

@KeijiSuwa Жыл бұрын

8:32 - I bet Mark had always wanted to do that to Kevin.

@Uwumeshu Жыл бұрын

Didn't even ask for a royalty

@-COBRA Жыл бұрын

This shark ate very well on this deal

@spidartanks Жыл бұрын

They should of countered with a $1 royalty each unit just so they will get paid when they sell a million units etc

@birrai5220 Жыл бұрын

OMG THIS IS FREAKING AMAZING. WHY GIVE 50%

@tsunax1400 Жыл бұрын

I don't think they wanted to run the business. They weren't capable and didn't want to, but still wanted to continue their fathers legacy by handing it off to someone else

@AdamBechtol Жыл бұрын

And it sounds like anyone can call a factory in Taiwan and get it.

@user-lo3oj7pi2v Жыл бұрын

@@AdamBechtol Yup you most definitely can! Lol

@Throplife Жыл бұрын

Immediately going on amazing to try a roll out

@beyondm5167 Жыл бұрын

They did not seem to care about their dad's legacy. It was just a selling point.

@jasonlee-os1qi 10 ай бұрын

BEST PITCH EVER

@charchitsharma8255 Жыл бұрын

they are keeping their father legacy alive by selling his legacy. wow

@wrenlinwhitelight3007 Жыл бұрын

I just found about this show from TikTok. I'm addicted and watching full episodes when I have time. i keep thinking these are the quiet kids in my school thinking about these ideas while i'm falling asleep xD It makes me happy to see adult women on here every time! they wear my moms clothes....

@Scott-got-caught Жыл бұрын

Just now? Show has been around at least 12 years