Larq Has The Highest Valuation Ever On Shark Tank! | Shark Tank US

Larq Has The Highest Valuation Ever On Shark Tank! | Shark Tank US | Shark Tank Global

Рет қаралды 7,074,417

Жыл бұрын

Justin Wang is seeking $500,000 for 1% of his company Larq, which sells self-cleaning water bottles that use UV light to purify water.
From Season 12 Episode 21
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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 #Larq
Larq Has The Highest Valuation Ever On Shark Tank! | Shark Tank US | Shark Tank Global
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Пікірлер: 2 800

@priyanshuranjan3088 Жыл бұрын

I really appreciate his confidence after missing the bin two times in a row.

@castbuildinginc4501 Жыл бұрын

He needed a bigger bin

@budgettech5526 Жыл бұрын

Because he wasn't focused on that goal, his goal was to get a Shark and instead he got two.

@mememagicisreal884 Жыл бұрын

How much are their company worth now?

@2egenjerry Жыл бұрын

Missed two throws but got two sharks lol

@littlejack59 Жыл бұрын

confidence? 4:33 ya he is showing off his confidence

@tonyxiong4913 Жыл бұрын

Justin knew exactly what he was doing. Gave the sharks the lowest value to work with and gave up 4% only. Well played.

@ebitdareadthebook1535 Жыл бұрын

That plus he got the free promotion of having his product on shark tank. Talk about a win

@nabeelkhan51100 Жыл бұрын

Lowballing 101

@biggdogg33 Жыл бұрын

It’s just an verbal agreement. It not 100% final yet. Half of Lori deal don’t get finalize.

@squeallymaniac Жыл бұрын

@@biggdogg33 really? Wow

@Gabor123 Жыл бұрын

A million doesn’t get him anywhere to take it global.

@MindsetAlchemy Жыл бұрын

He missed the basket twice, got laughed at, could barely pour water his hands shaking so much, and he kept it together to negotiate a close on a super aggressive offer! Big brain move! He definitely fudged the valuation to get it where it landed, all planned out before walking into the tank! Bravo!

@charlyrob7334 9 ай бұрын

At 3:25 we have the switch. Mark cuban is laughing at him how with only 2 years he is valued at that price. Then, just 10 seconds later, Mark's face completely melts down after hearing the sales.

@michaeldoran4367 5 ай бұрын

@@charlyrob7334MEATY KOK WHIPPED OUT AT YOGA CLASS. WOMAN WHIPS OUT A HUGE KOK AFTER SHOWING HER BULGE TO THE YOGA TEACHER😅😮😊

@deadboltzz5199 3 ай бұрын

These deals aren't set and done once they say you have a deal 😅 it's pretty well documented

@cbrreezzyy69 3 ай бұрын

This company is big enough and has enough investors that he went in there knowing the exact amount he could give away and at what price and wouldn’t budge. He wasn’t going for anything less that $32m valuation.

@SPQR_14 Ай бұрын

He didn't "fudge the valuation" if he already had a round of fundraising... the valuation was already set by previous investors.

@emilaubry6856 Жыл бұрын

This guy is a sharp cat. His presentation and answers were precise and incredibly winsome. He went fishing in the Sharks and got what he wanted. Great job

@mauriciosolano9342 Жыл бұрын

He stopped few time He isn't flawless, but He did amazing I'll give it to him

@yash4650 Жыл бұрын

@@mauriciosolano9342 true. Enterpreneurs give up negotiation after a counter or two but he was still very firm

@kokong29446 Жыл бұрын

His aim for that bin was nowhere near precise though😂

@itsjustpersonalizedviews 2 ай бұрын

Chinese guy

@twentysixlinx327 11 күн бұрын

His answers were physically appealing and handsome??? 😂

@mandlas.4305 Жыл бұрын

This guy is very smart. They laugh at him with that over the top evaluation but he almost got exactly what he wanted.

@maahir9 Жыл бұрын

I mean he literally got 1/2 of the evaluation he came in with, that isnt almost exactly what he wanted.

@MustangGT2024 Жыл бұрын

@@maahir9 I feel like he intentionally came in with a crazy evaluation to make anything more attractive seem valuable for the sharks.

@alstraka Жыл бұрын

He got 50% of his original valuation

@Call-me-100 Жыл бұрын

and better almost

@hdudhehdhd2222 Жыл бұрын

@@maahir9 no no, he purposely gave an over the too evaluation. That way, when they “negotiate” to a higher equity, he actually gets what the company is really worth and loses nothing. Essentially, u give the highest pricepoint and anything lower seems like a good deal for the sharks

@Kaloyan.Dimitrov Жыл бұрын

I like how he looked them and continue his presentation after all the sharks laughed at his valuation.

@digibitonline9223 Жыл бұрын

Barbara: And for that reason, im out

@stephennguyen6124 Жыл бұрын

U like it? I would laugh too if was asked for 500 k for what? 1 percent?

@jasond82 Жыл бұрын

He’s a shady chesh

@bakashinji Жыл бұрын

@@digibitonline9223 fax, barbara is the worst shark

@greatleecher2404 Жыл бұрын

@@stephennguyen6124 If their product really does what he says it does then it could be a game changer in the market

@r0llyTube Жыл бұрын

First time I ever saw someone finesse the sharks like that. He walked in the room offering 1% and they all laughed at him. He walked out with $1mil of their money and still owns 96% of his company, well done.

@muneebjatt2004 Жыл бұрын

You can say 65% because he said he got 6.7M for 31% of company in his recent investment rounds

@MultiJejje Жыл бұрын

Owns 96& of this company? Can't believe people don't listen what the guy said. Doesn't own that because he raised money like Muneeb said. And that comment has 40 likes now.

@Anna_b360 Жыл бұрын

@@MultiJejje it’s not that people don’t listen, but just because someone watches Shark Tank doesn’t mean that they understand the ins and outs of shares and businesses

@iDrraaaK Жыл бұрын

No and no. That guy is extremely smart tho, yes. He didnt finesse them. His offer was legitimate, his valuation is not insane at all if it's been proven to work because they have the technologies patented. This is quite likely worth billions down the line just with licencing and patent usage. And Mark knew it instantly but did not want to discuss such a deal on a tv show. He did THEM a favor by giving up this much equity, and expected also a lot in return thus why he proposed advisory shares. He values their expertise, network and time much more than their money, rightfully so. And no he doesnt own 96% of the company, this is not a small business. He has co founders, he has VCs inboard. I'd be extremely impressed if he even still owned more than 55% after this deal.

@resa574 11 ай бұрын

@@iDrraaaK smart but has an actually decent product so he has some leverage Personally don’t see too much value in the product but I could be mistaken! The alternative is washing your bottle and pouring in clean water everyday

@franciscoramirez789 Жыл бұрын

I really enjoyed Damon's reaction to finding out how much he paid for the bottle 🤣🤣 dude was caught off guard

@chexnfx7161 Жыл бұрын

So detached that he doesn’t buy anything himself and his a house manager do it haha

@earthstronglifestyleesl4452 Жыл бұрын

How he not know how much he pay for it

@cheshirehat93 Жыл бұрын

@@earthstronglifestyleesl4452 When I am in a position where I have a lot of money lying around, and then I see something I like, I usually buy it along with the other stuff I need and then look at the balance for a rough estimate of how much money I`m spending at the end of the month. He probably did check how much it cost him for a split second while throwing it in the cart for a simple yes or no answer and then his brain promptly deleted that information.

@user-xh3qg8yl7x Жыл бұрын

he realized he was scammed

@dh4444 Жыл бұрын

@@user-xh3qg8yl7x nah larq is great.

@jamonleecarter8698 Жыл бұрын

4:35 look at him shaking when pouring that. He was so nervous but yet he stayed calm and achieved what he wanted. Smart man!

@zf5656 Жыл бұрын

didn't seem to care that he was missing his shots with the water bottle lol

@vyndecimibd Жыл бұрын

Yep, you could hear his voice trembling

@Crazymadmatty Жыл бұрын

Wouldn’t you be nervous in a room with them hahah

@jamyncarter1847 Жыл бұрын

Do we have the same name?

@lealp Жыл бұрын

he seemed very nervous and at the same time he didn't seem nervous lol

@Kate-ui4tf Жыл бұрын

Barbara: I love your product. I think you're fantastic, your business is phenomenal, and your valuation is perfect. I've been waiting for years for someone like you to come into the tank; in fact, I dare say you are the single greatest entrepreneur we've ever seen, with the greatest business we've ever seen. This product will change hundreds of millions of lives for the better, and generate hundreds of billions in revenue. I think you're beautiful, and I love you. For those reasons, I'm out.

@quentinhayes9629 Жыл бұрын

LOL!!!!!! I knew how this was gonna end and it still has me crying laughing 😂😂😂😂😂😂😂😂😂😂😂😂😂😂 Barbara jokes are top tier comedy!

@ishaanvora Жыл бұрын

That's so apt!

@billrobinson7205 Жыл бұрын

🤣😂🤯☠

@JAMINDARCH Жыл бұрын

Kate your awesome

@B10023 Жыл бұрын

Barbara wasn’t even on this episode, and for those reasons, you’re out.

@abdulazizalasmari1455 Жыл бұрын

His response to Daymond John going out was the most professional comeback I've seen. I love that guy

@johannesniskanen7370 Жыл бұрын

He made every percentage point look so valuable, didnt lower the valuation, and kept the trust with it, best strategy is to maintain the trust, no discounts just little room for back and fort. I really think he set the bottom line for 2% for each 500k

@Lalalalalelo Жыл бұрын

This guy is smart and knows investing, numbers, and negotiates like a pro. His company is gonna have a bright future

@josec439 Жыл бұрын

Or a watery grave

@GamingwithCasss Жыл бұрын

@@josec439 currently valued at over 50 million dollars with anually revenue of 30 million. I think he ia doing pretty good. Plus in this episode he said he legit had 6.5 mil in the bank and didnt have to spend a lot of it.

@SweetChicagoGator Жыл бұрын

A bright future you think, at $95 a bottle??? 🙄🤪

@afrizal8275 Жыл бұрын

@@SweetChicagoGator then his product is not for u. his product is doing well.

@SweetChicagoGator Жыл бұрын

@@afrizal8275 Don't believe u would pay $95 per bottle? Barbara Corcoran is spot on with this guy's BS story, 100% !! Very smart shark ! Few consumers would bother maintaining, cleaning a single bottle everywhere they go?! Nonsense !!

@badrjahwari Жыл бұрын

I really like Mark's insight here. He's right. Shark Tank is not about further growing multi-million companies, but providing a platform to help those who are just starting and need some help. On another more elite platform, I'd invest in this, but not on Shark Tank.

@chrisc1926 Жыл бұрын

True, he's the only one with enough money to have that type on integrity. The others saw a legitimate safe bet here

@user-cl8zx6os8u Жыл бұрын

WAIT AN OMANI DUDE ?!!

@groovyclintt62 Жыл бұрын

Damien literally said the exact same thing before Mark…

@YebberCaughtYou Жыл бұрын

@@chrisc1926 no that’s not true daymond often dismisses these pitches and even gets upset with them, there’s a reason daymond and Mark hang out the most with each other outside the tank

@gryu325 Жыл бұрын

I agree with Mark's idea, but it makes no difference for investors where you invest in this show or the other. SharkTank doesn't get a % off anything successful deals.

@codingvio7383 2 ай бұрын

Bro is actually a hidden genius. Left with exactly what he wanted. Make the first offer absurd, but then get a good offer from the sharks.

@RahulSharma-ot3wo Ай бұрын

"I've done a lot of hardwork don't interview me 🤓"

@peterfehr7441 10 күн бұрын

Robert got all up in his feelings and missed out. The other 2 and the entrepreneur did not bat an eye.

@BrockNelson Жыл бұрын

Barbara: When I was a little girl we had to boil our water to cleanse it and I think you’re looking for shortcuts. Let me tell you something my friend, there is the right way to do things and then there’s the easy way to do things. I think this product shows that you are a slacker and for those reasons I’m out.

@persiancat1116 Жыл бұрын

Hahaha

@crodyyaaroni_6554 Жыл бұрын

So accurate 😂

@Mrbikecrazie Жыл бұрын

Barbara is that You 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

@fernandodatil2740 Жыл бұрын

😂😂🤣🤣🤣

@fernandodatil2740 Жыл бұрын

I read this in her voice

@probablyajaegerist7300 Жыл бұрын

Barbara: my body is 70% water, so for those reasons I'm out. Jokes aside good episode love Mark Cuban

@ImpulseDETT Жыл бұрын

LOL

@Magnus.. Жыл бұрын

I am dying 😭😭😭

@PikachuODST Жыл бұрын

He never makes deals

@fluxator3116 Жыл бұрын

@@PikachuODST He's made the most deals of any shark though.

@tonyz5822 Жыл бұрын

Dead 🤣

@orlandorodriguez8507 Жыл бұрын

This has got to be one of the smartest guys they have had one the show. He really understands deal structure and his product is awesome!

@TheMattJacks 11 ай бұрын

Guy was a great negotiator. He did his homework on the Sharks, and I think he ended up with the right 2.

@jenniturtleburger3708 Жыл бұрын

If this thing not only cleans the water but also purifies harmful water, that’s amazing.

@JudgeDredd888 Жыл бұрын

Yes it does, the UV remove also harmful minerals, impurities and poisons from the water....yes yes...believe it.

@greasyguido Жыл бұрын

No, Jenni Turtle Burger, it is YOU that are amazing.

@BootyWonka Жыл бұрын

@@greasyguido simp

@kennethmay6343 Жыл бұрын

Could change lives forever if that was the case, have you seen those other products like the straws you can just drink from straight from a dirty river? Looks crazy

@mattcarroll4058 Жыл бұрын

I’ve had it for a while, maybe around 18-20 months now. Battery life is insane and I’ve never had to clean it once. They have cheaper options which is what I got, idk how the base model works

@rileigh5642 Жыл бұрын

Lori really does try to get behind the product and understand it. She was asking so many questions, it’s great to see that she’s genuinely interested and try to understand the product before investing her money, very smart shark.

@nickphillips664 Жыл бұрын

She’s the best one up there

@HawkstaBeard Жыл бұрын

@@nickphillips664 and I don’t think it’s even close

@Baph839 Жыл бұрын

What you said is correct, however, that's not the main intention. The main intention was to see how well educated the guy is about his product, and how clearly he can pass the information through.

@user-sv5kt8qz3v Жыл бұрын

@@nickphillips664 simp

@notori-di5et Жыл бұрын

She ain't a PhD students so that understandable

@wardope Жыл бұрын

he played the shark tank. the tank didn't play him! he was in control of the entire time! well done!

@Chano601 Жыл бұрын

Thank you Damien! Thats real reason shark tank should work. These guys can find any good business to invest in without shark tank. Help the little man without the resources. 👏👏👏

@sheenparamel Жыл бұрын

Barbara: You missed the bin twice, for that reason I’m out !!!

@Magnus.. Жыл бұрын

😭😭😭😭😭😭

@snjvbss Жыл бұрын

🤣🤣🤣

@clammygalaxy4062 Жыл бұрын

I love this😹😹

@justinwang7486 Жыл бұрын

I guess that's why I don't play for the mavs

@ParishArmstead1680 Жыл бұрын

😆😆😆😆

@idrinkyourmilkshake1882 Жыл бұрын

Him continuing with his pitch while they cracked up made it even funnier.

@xhongxinax Жыл бұрын

I think it was a badass moment from him. He knew his valuation would be controversial. But only when Lori asked he revealed his Sales and his Valuation was actually good when u keep in mind that the sharks always negotiate down.

@eric20ify Жыл бұрын

He had to lol

@murc111 Жыл бұрын

I've had this pitcher for roughly 4 months, it is great. I don't like Brita water, so I've been using plastic bottles for years, at least a case a week. I still but plastic bottles for when the pitcher runs out, but I buy waaay fewer of them. The Larq pitcher has the best tasting water, hands down.

@michaelberarducci6489 Жыл бұрын

Barbara: I don't ever drink water, I drink soda for those reasons I am out.

@sadamofficial6986 Жыл бұрын

🤣🤣🤣🤣🤣

@sinzyi2836 Жыл бұрын

Pop* 😏

@varunponnala873 Жыл бұрын

😂

@SweeZ123. Жыл бұрын

Lol

@SpencerHeckwolf Жыл бұрын

🤣😂🤣😂

@maybeequestrian3698 Жыл бұрын

New to shark tank but I am living for this Barbara slander and it’s well deserved 🤣

@BitterComments Жыл бұрын

She’s not actually bad. It’s just fun to go along with the joke.

@jac5511 Жыл бұрын

She’s very funny herself. They’re all funny sibling rivalry type characters. But I agree, the Shark Tank community is hilarious!! I’m about a week in myself 😂

@harry8912 Жыл бұрын

Kevin buying brooms for her is my favorite.

@FroggyBunwich Жыл бұрын

@@BitterComments I used to see her that way too until the Wanna Date episode. She's pretty bad.

@morgancason6876 Жыл бұрын

why?

@jesusfreak7777 Жыл бұрын

Well played! He knew if he offered a Higher percentage then the sharkdf would go higher than what he offered. He actually won instead the other way around lol he's a Shark aswell 🤣

@lottonthewizard4352 Жыл бұрын

Yep some good old reverse psychology.

@anonymoussy12 11 ай бұрын

Great business man. Came prepared and didnt overhype his numbers. Great negotiator, was humble and secured it. Great pitch

@roseabida676 Жыл бұрын

LOVE to see professionals negotiating on Shark Tank!!! Much respect! My favourite product so far!

@focalwater9591 Жыл бұрын

Did you buy??

@juanparra9178 Жыл бұрын

He didn’t even get 5 words in and they were already laughing like the devil!!! Lol 😭😂

@loganswalk8621 Жыл бұрын

500k for 1% I would be laughing too.

@SweeZ123. Жыл бұрын

Lol

@noyapp9852 Жыл бұрын

@@loganswalk8621 but they did it for 2% lol

@jesaiasakuma290 Жыл бұрын

@@noyapp9852 2% each

@yanglu9555 Жыл бұрын

I would totally do the same thing. Investors always want a chunk of the company, but that evaluation was laughable.

@negano5654 11 ай бұрын

Damn, this guy came in with the highest valuation ever, he was laughed by it but he ended getting a major deal at the end. It shows when you are confident in something, nothing can go wrong.

@ferryvantichelen6521 8 ай бұрын

Love it when the respectful guy laughs last

@Taycore9 Жыл бұрын

He was transparent, said exactly what he wanted and was willing to get nearly that but kept it cool under pressure. Glad 2 sharks picked him up on the offer. Plus the product is great for the world. I'd be on too on this product.

@Gabor123 Жыл бұрын

“Great for the world”? This is not a UNICEF product. Only middle to upper class germaphobes will buy this. Like one of the sharks mentioned already.

@picanha694 Жыл бұрын

Not for 1 percent

@Johnz4561 Жыл бұрын

HD g pop 0

@WHU448 Жыл бұрын

This guy knows the ins & outs of a sale pitch, and knows his product worth the investment. Despite the sharks laughed at him, he maintained his cool and carry on. Very solid pitch.

@totamendez9999 4 ай бұрын

I have three of these bottles and very happy using them since 2020. No more plastic bottles wasted. Great for the environment.

@nodoubt815 Ай бұрын

do you need to wash the bottles with water and soap ever?

@rebekahtablante327 26 күн бұрын

Where do you buy them?

@thisiskaleidoscopic 9 ай бұрын

LOL I just watched this man single handedly play with the sharks 😂 GOOD FOR HIM

@NicholasAng2000 Жыл бұрын

One of the first products I have purchased not even knowing its was featured on Shark Tank and it has worked flawlessly

@dmargot2828 Жыл бұрын

This guy came in blazing. The quiet confidence made me root for him.

@pauldangvu9720 8 ай бұрын

I still cant imagine paying 90+ dollars for a waterbottle. That's absurd but hey I guess if you're rich, it don't matter

@AlexZ-lc6nl 11 ай бұрын

Notice how he wasn’t faced and kept going. Nerves of steel. Great confidence and was focused on the end result.

@AimForTheBushes908 Жыл бұрын

I could feel his anxiety and nervousness but he stuck with it and finished strong.

@Scott-got-caught Жыл бұрын

That's what she said

@AimForTheBushes908 Жыл бұрын

@@Scott-got-caught 😂

@pbfoley Жыл бұрын

Robert's line at the end was classic: "I don't need you to interview me". But in the end that pride lost him

@NamaDoodoo Жыл бұрын

Mega ego trip

@justosmif909 Жыл бұрын

Look into his business it’s doing amazing

@DayquanDamas Жыл бұрын

they never closed the deal.

@superior2219 Жыл бұрын

@@DayquanDamas yea they did

@DayquanDamas Жыл бұрын

@@superior2219 I didn't research it. Just saw a previous comment

@Robert-wb8ok 8 ай бұрын

Damon acts like he's for the people, while he's running a scam 😂

@jeromemaida4933 25 күн бұрын

Which scam is that, exactly?

@kalepoV18 8 ай бұрын

I would have bombed the rest of the presentation if I missed that shot 0:42 But this Chad handled it like a G

@nedu828 Жыл бұрын

You can see his hands shaking while he is pouring the water. It's not easy! Brave dude

@pedromiranda7346 Жыл бұрын

Robert is a great partner but I think Kevin and Lori excluding Robert was actually WAY better for this guy, he even gave up less equity.

@cmpalmer Жыл бұрын

I was in the very first group of kickstarter backers. They took forever to deliver, but it's still an absolute staple of my daily life, and the battery seems to have not yet missed a step. Stoked to see them doing so well.

@osahenoghogho1492 Жыл бұрын

Larq didn't come for the money, he came for the Value and he got it at a fair price.. Well Played

@ihavenoname6724 Жыл бұрын

He came to advertise his product

@tessiepinkman 11 ай бұрын

@@ihavenoname6724 Yeah, heard the deal with Lori and Kevin never even closed. Wonder who pulled out? Could be because he raised about $10 mil some weeks after this was filmed, and then another $11 mil some time later. So those % he would have had to give up in his company for "just" $1 mil feels quite unnecessary, if you ever could say that about $1 million. I'm not 100% sure in these numbers - it's something I just heard from people I know who follow things like this and live in the US (I'm Swedish and live in Norway), so don't cuss me out if I'm wrong :) But I think you're right, he went on there to maximize the visibility of his company, and it was and still is a *great* strategy.

@thomasjones3277 Жыл бұрын

We backed this project during the kickstarter. Best purchase we made all year. The white pitcher farthest left is a phenomenal product.

@jokerrhe Жыл бұрын

what do u get from it? shares in return?

@thomasjones3277 Жыл бұрын

@@jokerrhe we get a ….. pitcher that filters water. ??? I think this is implied.

@jokerrhe Жыл бұрын

@@thomasjones3277 oh ok never did a kickstarter. I thought it involved some ownership of company not just a sample

@thomasjones3277 Жыл бұрын

@@jokerrhe no…not at all. You commit/invest $$ to a product/idea. They send you a product later. Normally an alpha or beta.

@jokerrhe Жыл бұрын

@@thomasjones3277 ok thx basically a smart way to get pre orders for an idea.

@thricepudding 9 ай бұрын

I love how he hit the rim the first shot and it went out. Then, I thought he was gonna nail the second shot and wiffed it but both times didn't acknowledge it at all haha

@oballarios 8 ай бұрын

Haha Robert couldn’t handle the heat lol

@wwe8620 Жыл бұрын

Barbara: “the aliens in the movie Signs didn’t like water, for that reason I’m out.”

@maxpowergaming462 Жыл бұрын

Best one I have read yet

@Angelo-ix9to Жыл бұрын

Using the Maggie Simpson voice

@RicardoZuniga Жыл бұрын

Bro really wanted the sharks and not just the publicity like you would expect from someone coming in with that valuation. Respect to this guy, he kept his composure, they even laughed at him but kept going.

@zoomermushroom6288 3 ай бұрын

Lol at Robert getting out because it was "too complicated". Lori and Kevin didn't blink ONCE at staying in. Good for them!

@treyivey9178 9 ай бұрын

This man is on his stuff

@vijayjan8608 Жыл бұрын

Kudos to him for staying the course and not freaking out while they laughed.

@dappermanphoto Жыл бұрын

This is the definition of being a shrewd negotiator. Price high, to get talked down to your asking point. You get your asking point; they feel like they got better than the original offer so both parties go home happy unknowing of what just happened in the sale. Not that any of the Sharks are dumb by any means, but there was definitely a game of Yahtzee going on.

@jaypunzalan6999 9 ай бұрын

this guy is like a dolphin in front of the sharks, he is really smart

@ajj199 Жыл бұрын

I love how the judges are crying laughing, and he's just ignoring them, and continuing to talk

@BitterComments Жыл бұрын

I agree with Robert. That deal structure was so convoluted that *I* was saying “I’m out.”

@testuser2505 Жыл бұрын

Robert is a fool. Everyone has done their work to be where they're, no need to bring I'm bigger than you everytime. Glad he didn't take Robert on the journey. No need of egoistic partners.

@BitterComments Жыл бұрын

@@testuser2505 “No need for egotistic partners.” *Partners with Kevin O’Leary.*

@testuser2505 Жыл бұрын

@@BitterComments Kevin has the least ego on the show, he knows he isn't their first choice, yet makes offer to almost all pitches.

@stephennguyen6124 Жыл бұрын

@@testuser2505 dude was making it so complicated though, a lot of the times on the show the audience watching the show isn’t confused but this guy straight up just made it confusing. Yes it’s still a business but the fact that even the investors said it was complicating, u know it’s complicating.

@rafaelrondon1813 Жыл бұрын

That’s ridiculous. Taking a lower valuation then he already has is terrible strategy. It makes the company look weak

@michaeldiogenesbest6127 Жыл бұрын

This guy played the Sharks like a seasoned Professional. He used the simplest negotiating tactic ever; offer something of value, ask for A WHOLE LOT MORE than you need, then settle more than you really wanted.............

@jenniturtleburger3708 Жыл бұрын

Yep, I was super surprised they took his offer at 2%. Basically he way overvalued it, then cut the evaluation by half. Also I thought there was some rule where you have to get the evaluation you asked for. Recently Cuban was saying something about how Richard Branson must have never seen the show because he didn’t know that (or something very similar, I’m still not entirely sure how that works) but the interview was about when Branson threw a glass of water on Cuban. You can look up the video where he talks about Branson throwing water on him. I think it’s a flip from the Impaulsive podcast Cuban did.

@gaetanbouthors Жыл бұрын

@@jenniturtleburger3708 the rule is to not offer less than what they asked. They can change the % of shares or offer more money

@goldenboatcaptain Жыл бұрын

@@jenniturtleburger3708 it’s worth 50M now so I don’t think it was “way overvalued”

@jenniturtleburger3708 Жыл бұрын

@@goldenboatcaptain yeah well it also could have crashed.

@jenniturtleburger3708 Жыл бұрын

@@gaetanbouthors The sharks can’t offer less? So they can offer less money, it can ask for a higher percentage right?

@glaucopedroforte Жыл бұрын

I like the fact that Daymond always remembers about the core purpose of Shark Tank. The show is not for the wealthy.

@virginiaarthur5 9 ай бұрын

I know he was like I came from a poor background but you already made it out dude

@ehsanhuq4605 5 ай бұрын

Doesnt matter

@glaucopedroforte 5 ай бұрын

@@ehsanhuq4605 what do you mean? It doesn't matter if a wealthy person walks into the tank? well, I think you missing the point of the program.

@PatriotPartyVivaLibertad Жыл бұрын

I purchased one of these water filter pitchers after watching this. And I love it. The water has a taste to it where I am at. The place is a little older. We use this for our water. And the taste is completely gone. Taste better than Bottled water.

@UbiquitousAbsenceOfRemission Жыл бұрын

"I have my reasons and for those reasons I'm out" - Barbara

@Aminah6623 Жыл бұрын

I love when the Sharks laugh at the valuation. LOL

@victorespino5650 Жыл бұрын

Then they buy in at a better one

@space_4736 11 ай бұрын

I bought this bottle and it’s incredible. Very expensive but it gets the job done and is very easy to use.

@TommyGunzzz 5 ай бұрын

I loved hearing the financial intricacies, but Mark is totally correct

@KingPapa22 Жыл бұрын

Love how Ms wonderful is strictly business 🤣🤣 4:11 to 4:15 while everyone else is laughing he is “it costs you what, to make it?” with the straightest face ever

@AkshayRPawar Жыл бұрын

The laughing is cut short, it's edited for youtube. They all might have laughed and then became serious

@squeallymaniac Жыл бұрын

"Ms" 😂

@gladwinn8735 Жыл бұрын

This guy knew what he was doing, I enjoyed this conversation

@becca53444 7 ай бұрын

I literally gave up on my reusable water bottles because I hate cleaning them, so this idea is genius.

@Marvelteecee23 Жыл бұрын

Damien was on point by saying those people don't have $90....spot on

@luisknowles4368 Жыл бұрын

This guy was brilliant. Loved his counter offers :)

@PC-iv5so Жыл бұрын

First time I've seen something I want on Shark tank.. glad they made the deal..the water filtration system was a good design too.

@luvs210 11 ай бұрын

when he was pouring the water into the cup i saw his hand was shaking.. but he did amazing! great job!

@Ayanokoji8 Жыл бұрын

How he handled them was pure class❤️

@My.IMMACULATE.Conception.8 Жыл бұрын

Barbara: "Barbara isnt here right now. And for those reasons im out."

@xeexuxpb4391 Жыл бұрын

i love how the comments are about Barbara being out XD and she is not even in this episode.

@johnyoung823 6 ай бұрын

Would love to see the uncut version of this pitch. I know pitches last 1.5-2 hours usually the sharks have said. The guy clearly knows financials. Either banker or has had prior exits.

@imcgonigle2006 7 ай бұрын

He wasn’t looking for 1% he was playing it smart so he could get the best deal

@xXRayan48Xx Жыл бұрын

Barbara: I am a shark and i already am in a water tank and i have plenty of water around me, so for that reason I'm out!

@cndungu Жыл бұрын

AMAZING product! I've always hated water bottles for the reasons he stated.

@Editnamehere Жыл бұрын

Be thankful you have access to water. Instead of complaining. You ghav.

@focalwater9591 Жыл бұрын

Did you buy??

@cndungu Жыл бұрын

@@focalwater9591 Not available in my country.

@jaybruno3571 Жыл бұрын

I got the pitcher and its amazing, water tastes so much better and cleaner

@anonymousbrowsing2909 Жыл бұрын

@@focalwater9591 i bought it like 4 months ago . I don’t know if it works , but i like the idea

@ListerLanius 11 ай бұрын

The Sharks laughing when he said he was offering 1 percent was hilarious 😅

@AceFuego100 9 ай бұрын

Mark knew he couldn’t bully the guy so he out lmao

@dineshrabari7386 Жыл бұрын

Barbara: I don't drink much water so for that reason I'm out 💀

@luciaschoice1280 Жыл бұрын

🤣🤣🤣🤣🤣🤣🤣🤣🤣

@Bubbl3gum Жыл бұрын

Barbara: See here’s what I’m struggling with… I don’t believe in water.. I never thought for a second “hey I’m thirsty.. water sounds good right about now”. I don’t shower with water.. I don’t find water to be useful.. I think it’s extremely harmful for everyday use and I think we just need to be more educated with water.. I just don’t see myself being a customer to this product… for those reasons.. I’m out.

@ParishArmstead1680 Жыл бұрын

😂😂😂😂 the Barbara joints funny

@ArgosySpecOps 10 ай бұрын

I have the 17oz, and 32oz both single wall non-insulated versions for greater internal volume (plus I like my water room temperature). I have the standard cap, uv-c cap, and the filtration cap. I must say that this versatile, scalable system is a game changer when it comes to hydration on the go. I may even switch over to their water pitcher from Zero Water after a bit more research.

@michaelkupfer3723 8 ай бұрын

The Sun emits uv light at a much stronger rate than any small bottle cap ever could...and still the planet is full of bacteria and germs. You have been scammed

@travisford2095 6 ай бұрын

Will you reply to this?

@editionnepal Жыл бұрын

He is the shark above sharks. Just loved him. What a product man.

@shantanukarandikar2568 Жыл бұрын

to be honest it is worth around 50 mil rn so he wasnt wrong

@chrisvinciguerra4128 Жыл бұрын

But it wasn’t then

@matthewtobkin7535 Жыл бұрын

It was not worth that when he pitched. He wasn’t even profitable yet

@xsah2 Жыл бұрын

@@matthewtobkin7535 a lot of people pitch on what they will be and he knew he was going to hit that valuation and his sales pointed to it

@jdrodrigues7 Жыл бұрын

Time Value Money fundamentals say “a deal is only worth what it is worth >Today

@asmith140 Жыл бұрын

@@jdrodrigues7 mmm actually no tvm is used to calculate present value which in fundamental valuation theory is the sum of all future cash flows. But I’ve always just thought it was simpler to say something is worth what another person will pay for it haha

@thompsonkhuhly2665 Жыл бұрын

Barbara : water is great,I love water,I love filtered water,you earn my respect,water is healthy and for that reason I'm out

@ryzeus 3 ай бұрын

This guy really like his advisory shares.

@mrbane2000 8 ай бұрын

This is pure definition of pushing it

@maurrico8551 Жыл бұрын

This guy is slick. He's been in these negotiations many times over. I wonder what he thought of the deal afterwards.

@caydenbarrison1597 Жыл бұрын

This guy actually knows business, but if Robert is suchhhh a great investor why are advisory shares too complicated for him 🤣🤣

@ookdagrax3407 Жыл бұрын

He was upset over having to be interviewed like he's some teenager

@caydenbarrison1597 Жыл бұрын

@@ookdagrax3407 I think that’s where the guy messed up because I don’t think the sharks need to be tested for their business competence, just give them the advisory shares no questions asked

@mrhumble2937 Жыл бұрын

@@caydenbarrison1597 nah he didn't mess up, he did well. They aren't any better then him. He can ask what he wants.

@kodyscot9360 Жыл бұрын

one thing the people pitching their products shouldn't do is say how much it costs to make and how much do they sell their products for on t.v. , if the sharks wanna know , have the info on a piece of paper for them.

@urekmazino3509 Жыл бұрын

I think he just doesn’t like advisory shares in general. It doesn’t seem like any of them do

@adebayoisrael9091 Жыл бұрын

Really love this dude's confidence

@judzer Жыл бұрын

There is no data to back up the claims or show exactly the before and after. This sounds great but without actual data showing how my reusable bottle is dirty. I clean mine daily and it will never break or wear out. This device is not a long term solution.

@BSVEVO1 Жыл бұрын

the way they all laughed at his evaluation lmaooo

@easarsalad Жыл бұрын

Now it's valued at $50 million.

@fabiodragon13 Жыл бұрын

Yeah they laughed but still got in for 2%, greedy mfs 😂😂

@peroh3408 Жыл бұрын

@@easarsalad 500k for 1%, do the math.

@easarsalad Жыл бұрын

@@peroh3408 yes I did. 500k for 1% means 50m valuation. Now in 2022 it's valued at $50m

@ftwtech Жыл бұрын

*valuation

@noelalex4942 Жыл бұрын

Update : they are on way to generate a revenue of over $30million for the year of 2022.

@Diderito Жыл бұрын

Thanks for the update, its always nice to see updates

@wealth.mindset-_- Жыл бұрын

@@Diderito their net worth is about 50 million dollars

@loser3357 Жыл бұрын

@@wealth.mindset-_- 😮

@cow...5539 Жыл бұрын

Their net worth is 50 million BECAUSE of this deal. That was the entire point of this pitch. Larq didn’t need the money. They wanted to use the sharks to increase the valuation of the company to 50m. This is also why they did 2% upfront and 2% non-contingent advisory shares: so that he could ensure a 50m valuation.

@EdwinChenLoo Күн бұрын

There are $25 - $35 UV water bottles in the market. He recycled an idea and got free exposure.