Yeah she was impressed with and her and knows she’ll be good for her son. Haha

Stonks📈📈📈

Didn't even describe her pitch, smh

Son: Pitched a tent

Vamsi, 🤣 so true

„I‘m not like all the other 20 year old girls“ -everyone who is like all the other 20 year old girls

@@ilan9588 "I'm not like everyone who says theyre just like all the other 20 year old girls" -everyone who says theyre not like everyone who says theyre just like all the other 20 year old girls

Christopher Rule every other girl: “iM nOt liKe oTheR giRlz”

She definitely way too smart and wise for a 20 yo! 🔥

20 going on 55.... Is soooo Practical ~ I just love it. And omg she is brilliant.

Sharks for a reason lol

80k isn’t a lot for 20%. She could have asked 250k for around 25-30

Big dummy dummy doesnt understand that sharks dont just bring cash to the table? They are stating that their network, experience, and resources are worth that much money. Imo the girl got a steal by being able to work with those two sharks.

This. It was painful to see five adult people tricking a young girl. The deal was already great, and 80k is funny money for an investor.

@@LemuriaGames its not just about the money. It's about the connections and experience. With her age she will learn million dollar lessons from the sharks

This

It’s because she said “small fee”, if she said you have to buy it at whole price, it would be no further question.

@@akes9793 Pretty sure she meant the original price + a small fee to accommodate for back and forth shipping/insurance.

It sounds easy but it isn't. There are a LOT of little aspects.

Just the editing probably.

samson lei bruh

The company is getting $35k in revenue-she isn't making $35k a month.

@@mikeb5352 It's more 15k-20k profit.

@@Robert-cu9bm I doubt it. She is buying $1k+ dresses and needs multiples in multiple sizes. Easily $10k or more per style. And styles are constantly changing, so she has to continue buying new stuff every year. And she isn't even paying for a warehouse right now.

Me over here saving money since Christmas and still has 27 dollars

Your my new bestie. That comment made me laugh so hard

@@baileyholt925 right I’m like girl shut up 😂

😂😂😂

You can only found them in the sea

Me too I thought they meant the real sharks. And as soon as I didn't see anything sharks I left.

💀

BOOM

SAVAGE😂

Ouch haha

They have to wear the same each episode for editing purposes

Thats what models do, isn't it? 😆

it shows how professional the models are, don't it.

I tried it while I was home alone and I still can't last 2 minutes.

omg yh they should have been let out lol

Ikr

Colin glad to hear it

The article says she has rented out the retail equivalent of 8 million dollars. That is very different then actually making 8 million dollars.

@@Apeiron2043 she said its 50% profit so $4,000,000

AlexVids I think that means it means it would've been 8 million dollars if she were actually selling the dresses. But since she rents them out for about 18-20% of retail cost it would be about $1440000-$1600000.

thanks for researching that. woah

They are sharks in disguise though based on the deal she got lol

Have you ever met a horny dolphin???

But can kill a crock with a single blow

Muhahahah 😂😂😂👍

What if yur a guy wanting a dress

Yes, I spotted that on ST America

probably cuz theyre rich or smtn lol

🙏

Ephesians 6:1-3,. Even if you don’t believe in the Bible, it is a basic principle filled with truth. They are obedient and humble enough to listen to their parent’s advices , not acting like a know it all, then their personal lives are blessed and their businesses are flourishing.

The nuclear family is good

😂😂😂🤣🤣🤣 no she's not

Her mistake is undervaluing her worth and giving away too much equity.

I'm 30 and I couldnt present it like that lmao

I dont think it was that smart, HOW did she not do the math and understand she was MASSIVELY under valuing her company.

They explained their reasons. She's still going to become wealthy so who cares?

@@vince7735 yeah but at that point would you rather want 1000000$ or 2000000$. Pretty obvious answer.

Haroldas Giedraitis Exactly, most of the deals they slap on these helpless people end up as a flop on the businesses behalf anyway

Vince W You can’t just “get wealthy” from an investment :/

Whoever is going against this is crazy. To have both of those women on board is hitting a massive goal.

Top Videos Now ikr

They wasted a chance to make a better clickbait title video...

Hmmm didn’t consider that this was put up WHEN she turned 21? They have to be accurate for media law, Australia’s weird.

@@chriscrocvlogs you're on yt my friend not channel 9

Liam Bell I’m not Australian so I don’t know what channel 9 is. “My friend”.

😂😂😂😂😂😂😂😂

All the sharks wear the aame cloths every episode

Are you ppl that stupid? All the sharks are wearing the same outfit every time. It's because of editing reasons. Not that deep

Omg Parks and Rec

Exactly

Yes I wonder if she got this idea from parks and rec lol

Your marketing skills are on top of the roof mate!

I was just thinking of that and then I saw your comment 😂

It's less about the money and more about the experience and marketing benefits they'll gain

Her profit margin is closer to 19k a month. The other 45% is overhead, meaning all expenses including income tax is included in that 45% of expenses. So the business is cranking out 19k to 20k in profit per month.

@baby bean _ depends on how you try to grow, if she hires 1 person at an Australian minimum wage ($14.14 usd) her expenses on said employee would be roughly $2,300 a month. That Calc is based on a 40 hour work week. If she plays her cards right and doesn't try to grow to fast, that would be no problem for her business.

With their connections and experience they will escape her up 100 to 200% and that 30-40k a month turns into 300k all of the sudden.

Yes.

Oh man this made my night

This comment wins

Joel Dowlearn Laughs in rich 😆😆😆

😂😂

Jurica Sambol they have to pay for the whole dress if they damage it! the 20% is the rental cost.

The US already has a similar biz model that's been around almost 15 years called"Rent the Runway". The company rents out gowns, handbags, shoes and accessories. If you order a size 8 dress, they send you a 6, 8, and 10 just to be sure one will fit.

"she be literally" 😂

She grew up

I think she said a girl in her 20s

ure under lockdown arent u?

Hayden Noyes Nope in the video she explicitly said she’s 20.

@@haydennoyes2073 watch the video again.

They did, didn't they? The equity deal or something

@@Tadamss not the same thing. The buy back clause is when the sharks make their money back they reduce their percentage. The equity just means she can take money out of the business for a wage

They honestly did

J Chambo thats how you do business bitch...

Ah fair enough :)

Rent the Runway

I was bout to sayyyyy! I was like hmmm I’ve heard this before lol

Christopher Aimi its just like amazon and alibaba

I live In aus been here for years

The episode is really old, we have heaps of businesses like this one in Australia.

They are there to make money for themselves not to make people happy

Look at this business expert here. Hes probably a multi millionaire telling successful people how to invest money. Experience and connections cost money you dolt.

Her company had made over 8million in revenue since

@@matthewsims1561 35k 35k and 36k last 3 months with 55% profit seems like a small investment putting in 80K for 40% ownership , its almost 100% certain with experienced partners those numbers will grow , but like the blonde woman pointed out, she needs to get logistics sorted at this point in her business, so she really needed the money. the deal in the end was better, with all the extra perks

yea.... she's making 35k per month at the time this was aired, and they wanted 40% of that.... I don't think that their experience is worth that because within a couple months she would of made that but it would of just took a bit more time to get the warehouse and everything settles without the sharks. I feel like it was a waste

learn it man all the words you hear are business terms for something simple. equity literally means money from the business owner. If i put 20k equity in my business it means that I've put 20k of my own money into the business as opposed to the businesses money which is money earned by the business. If i take 20k equity from the business it means I have taken money from the profit of the business instead of reinvesting it. Simple!

Bonk, goes the "C" hammer.

Lmao

Time stamp?

@@mrrxd5881 9:36

She also has a "huge logistics backend"!! 9:42 😅

Tom De Bruin you’re 100% correct - assuming you’re ignorantly only considering projected revenue as a means of valuing a business. When factoring in the necessary reinvestments to solve the scalability and logistical issues, 40% is very fair.

@@goodkisser8591 that's still not worth almost half of her business, that's insane, she undervalued her company in the first place

@@goodkisser8591 Although I mostly agree with you. They could have also offered her a loan or royalty fee instead of taking ownership of 40% of her company which is in my opinion a big hit considering future growth. Also she undervalued her company in the first place so 80k for 40% seems like very little money for a company with that potential and which had already proven it legitamicy in estimated revenue.

@@goodkisser8591 They capitalized on her lack of experience, she got played like a fiddle

- The "home" business has 82k debt and no business premises - Has only 3 months proven turnover in what *may* prove to be a seasonal business - Is run by a 20 year old with no track record. - The only thing backing her valuation is that it has 200k assets (dresses). So the offer isn't that bad in my opinion, combining their added value, assumed continued investment and access to capital, along with the experience makes 40% of a larger business - a pretty reasonable offer, albeit slightly pricy. The sharks got another 5-10% because of her inexperience, but everyone's still a winner.

Oliver O'Donoghue it’s business. That’s what it is doing business with partners. And it’s long term not short term.

yeah lol

This video demonstrates a good reason to stay away from investors.

Smh. Sad how people do people. Its all about money.

@baby bean _ You're a moron. You live in a socialist country and know nothing about business. Females generally tend to work for less, so her business may very well be successful. If she treats her customer base well (which she does), then she has nothing to worry about. Only losers like you fail in business because you lack proper customer service skills.

😂😂😂😂

🤣🤣🤣

Hex Northman omg 🤣

I found what I have been looking for.... you sirs are a legend

Bro are you a bit slow

@@Mayank-kf2he Business profits are not the same as an income. 20 is not the same as 21. What's unclear to you?

She literally said she’s not taking a wage

mayank singh explain

@@luhole she didnt need a wage

Shawn6466 right but it already exists here with rent the runway so she’d be crushed by competition

@@txbre8758 exactly. We've been using them for years.

Yea probably the population in California is bigger than the population of Australia

why southern california?

@@user-um4pc4nv6h that's where Los Angeles and Beverly Hills are.

Dont take the deal then. You have mixed emotion with business which doesn't work.

Capitalism

Kat Ripp business is greedy and emotion is foolish she was a gold fish thrown into water with sharks she shouldn’t have taken it

It seems they will take over of her business sounds the girl will end out losing her idea... It is more easy to take a load from a bank with low interest to increase business to get to people and get screw her own value..

@M T it is my life experience drag me down with it...

Pops Popsss LMAOOO

LOOL

-Barbara

Its not Dragons Den, for that reason I am out.

Ok than Barbara. LOL

No one: Steve Baxter: Hey where you from? DoubleV3 Why88: "No one: Steve Baxter: Hey where you from?" kinetic blues: DoubleV3 Why88 is a parrot. 🐽

Everyone else: So give me some background info on your business Steve: So, ASL mate?

Andy Patterson entrepreneur: 12/m/sydney Steve Baxter: will yr parents be home tonight? I'd like to go over some rising figures with you... well, one figure in particular.

I love it when Steve opens with that. He introduces himself and asks a slightly personal question. That's the way politeness works.

Richard Wielgosz I wish he'd ask if they are virgins or not.... that'd be hi•lar•i•ous.

Guys would destroy the suits

apatheticAnxiety I mean a lot of men own suits though, because its socially acceptable to use the same suits which matches the few dress codes men are given to formal occasions. Ive rented a suit only once and that was because the correct dress code was a specific suit (which is used by doctorates in Finland, and in some other occasions). Other than that 2 suits and a few accessories can 100% cut it. The market is so much larger when aimed at women.

@@apatheticAnxiety awesome, then they pay full price for the suit.

A suit is easier to take care of than a dress right

How do you figure that? Guys don't rent suits in the same quantity that women rent dresses. I don't even wear a suit to work and I own two.

She already took out a loan to start it

Its obviously not just the money she needs...

It depends on how leveraged she already was, the connections and doors that these other ladies can bring, their expertise and industrial clout, which too has an immense intrinsic value when the time comes to bring in a VC and go much larger and much faster.

James Jeon well she just hit $100 million in sales since taking on a shark....

Its about the connections and influence

I agree with your statement I just would like to add that it is a nice option for some people like me. I do not like dresses and hate owning them but sometimes they are necessary so being able to rent one that looks nice instead of buying it and having it sit in my closet for years.

And the low end rental cost was like $180 - $250!!! 😮

The music is what makes it "reality" tv LOL

Stop the madness😂😂😆

i think she probably did that to pay off the personal loan she took when starting the business?

@@alekseydrotenko3289 or she possibly just wanted the shark's experience. The problem is that almost all investors will never waste their time being hands on with the business unless they have millions at stake. Their time is too valuable and they can do as much smooth talk to make it seem like they'll be there to guide her through like a mentor but usually that's not the case. They prey on young talent to make them money

The publicity that entrepreneurs receive from being on the show can be amazingly profitable. Some don't even go on the show to obtain money from the sharks. They go on the show just to get their products showcased.

@@mohammadzafar7891 with a 20% stake they have the potential to make a mill per year easy. Like she got shafted so hard with that deal, on her own she was on track to make 400k in her first year which would more than recoup the sharks money, every year past that is pure profit for them and pure loss for her unless she buys herself out

@@agentbarron3945 Yeah. The sharks got an easy deal.

Alexander LegisNonScriptae lmao wtf

The music at 1 minute 36 sounds suspiciously like the music Grian use for hermit craft I guess it’s just royalty free music.

yellow graoe, since 31st October 2020 the UK is single again :-) It's time for Australia to stop drowning their documentaries and shows in retarded condescending melodramatic overly loud music.

Gotta keep people's attention somehow

They do it because that’s when a tv ad plays if you’ve ever watched Australian tv you’ll know

That's why they're a multi-million investor

they didn't get to be a multimillionaire by blowing money on tons of dresses

yep, a dollar spent without return

@@rafaelsimoes2547 they should keep the borders close tbh. they will be COVID free for a long time tbh

@@rafaelsimoes2547 we have restrictions in place in some states still. Last year almost all schools had numerous of their off campus events cancelled such as formals. Those being one of the main points addressed in her business as sources of her customers would have had an effect in her business. So, the original comment has relevance and yours does not.

Yeah business tanking for sure.

@@rafaelsimoes2547 you’re the rude fuck that chimed in with a wrong answer.

@@rafaelsimoes2547 u obviously haven't seen the news lately lmao Australia free of covid?!! Lol sadly not

stretfordender321 They are probably her friends!

Why are they there? She's better off without them.

Probably are “Real Pro’s” 😁

stretfordender321 What else are they supposed to do?

Why not all of her children ? A shark would want to maximize profit potential.

👏🤑

I felt that.

Randy she answered right away. They just edited it for suspense lol

Yeah, TV man, how else would a haggle be interesting?

Insurance would be more ideal.

Yeah no way she took that long to answer

@@theanachronisticlife8574 I work at a bank and every time I'm discussing a loan with a client, I do a hard sell on an insurance (and ours are pretty cheap). I've done contracts in hundreds and around a dozen insurances.

Yirrakala

Propeller shaft

and with 8 million in sales

Why partner with them when she could add her own dry cleaning service as well and make money of that. making it be a small profit as well?

Did some research into what happened after the shark tank deal. Since then her business has grown by almost 100% and she’s made 8 million in renting dresses.

@@sylvieserrano7238 holy

@@sylvieserrano7238 I'm cooooooomiing oooooooooooghhhhh

Trying to be smart but really not lol.

How did she get 80 000 loan in the Age of 20.?

She just wanted to advertise the business

She needed some advice on how to scale

They are experienced in this field. She needed advertisement and warehouses. As of currently they hold 8 million dollars worth of dresses. After the sharks invested the businesses growth was basically exponential. So yeh

@@chasecieslar3785 did you not see that she made a deal. Yes, it's good exposure but ur mindset is deluded. The sharks were major help. To say she JUST wanted advertisement is a shitty statement

@@RioGamer do you understand what the 80k for 40% means? First she undervalued her business by half. She only did an asset valuation i.e 200k worth of dresses. A 15k net profit is 180k/year. If you calculate valuation based on P/E ratio for a 5 year period, that 180k/year would eventually be 900k. A 900k valuation. 40% of 900k is 360k. She gave away 360k of her own business for a small investment of 80k. I don't care what the end profits and current business valuation is, that was daylight robbery. If she kept up on her own, she'd have the same result in 10 years time with *100 percent* ownership.

Lol

Don't they all wear the same clothes just cause it's easier to mix and match shots from different episodes that way?

Robin Helou it’s about the connection that the sharks have, the banks don’t

Connections. They can grow it in a faster rate

They robbed her in daylight!

True they do have a certain type of connection, but at her point she doesnt really need them. Again she is 20/21 yrs old and probably has no experience in logistics, shipping, management etc. But all im saying to give up 40% is a lot and the sharks got greedy. 20% was more fair for the amount of money. In business when you are trying to decide if you should take debt vs giving up equity, you have to see what is cheaper for you. In this case where all she wanted was 80k debt would have been way cheaper because of her margins and income and because she probably can get the loan very easily and at a low interest from the bank. 40% for the sharks means she would have to give up 40% of her net profit. Which would mean it costs more yearly to pay the sharks their share with an 80k buy in

@@robinhelou5298 I thought they would guide her that you came to the wrong place, go to bank and get a loan but they are there to take advantage. Now she will do all the hard work and two lady sharks will take profit 40% bite.

She has made 8 million now

@@hearthagram Oh wow.... Great.

@@hearthagram crazy

@@hearthagram lol any woman that's attractive and seems polite and charming can sell anything.

@@AshtrayAnnie That's not really the case here though, is it? Most people will never see her face but the storefront. Her passion and drive is what makes her successful.

Kevin Mark - thought the same thing mate

Yes, smart

It's the same bud

The implication they made is that she will need a commercial building, dry cleaning, etc etc and that is going to run $300k+, and they are on board with investing that. So it does make sense. Regardless, 40% is a freaking massive stake in the company. I don't like it.

Benjamin Sookwa it’s not about the 80k it’s about the experience and logistics

@@mktv3036 I agree but she's now down 40%. 80k loan with 40% repayment of the entire business? The math is corrupted...

She could easily have already paid the loan off over the first 3 months with 105k made. Yes shes down 40% but she's just gotten herself great publicity and people that will give her connections and make it easier to run on a larger scale.

cassandra s when people like Cassandra get it. 👏

She can’t just fire them bol... They own part of the company... Plus she didn’t negotiate a buy back clause

I could have used you in my college math classes.

It was a bad deal

Omg thank you i thought i was the only one who realized they cut her company valu3 in half...

if you were in my school i would want to sit next to you in class

But did the deal go through? It seems to have grown slowly the last years.

Obviously they did, but then again it isn't just about the money, but also the connection they can provide, as well as the legitimacy of the business as she is also being backed by someone who is invested in her business.

@@quahmingjun7246 i still dont think its worth it. 40% is A LOT

@@quahmingjun7246 bruh sell me ur company 40% when you have one coz i can get u some sweet deals with all my connections even if it means you lose half ur profits

Total SCAM, absolutely disgusting. She was doing fine without those sharks

Dont worry, those sharks are dead when she gets 35 lolol

Welcome to the business world mate. You are either the prey or the predator

age has nothing to with it. just lack of experience and pure naivete.

Richard Harding nah age 100% has something to do with it they wouldn’t have ripped off a 40 year old woman the same way

Rohan Patel from a business standpoint good for them for I mean have a heart mate

@@seagramrtx9346 They would've done a 40 year old worst

Parks and rec had rent a swag years ago to.

savagedragon79 hahah I was literally thinking that right when she walked in

A child's smile in the slums of Mumbai is as valuable to a father as is a millionaire daughter never forget that

@DrinkwithaMexican 😭🤣😭🤣

DrinkwithaMexican ...

DrinkwithaMexican right then 😂

L.C Marie That’s how rich are getting richer!!!

@@danydms1 I agree with you 💯 but 13:20 he had a point 🤔

Welcome to Shark Tank

They just flat out lied.. IF they are going to have to pu more money in later, PUT MORE MONEY IN NOW! The extra 10% was based on a vague oh we will have to put more money in.. well how? She already makes money and installing a dry cleaning process is not that expensive, even if if were the business would get credit.. pisses me off so much.. they basically stole 10% based on a lie

@@anyexpat well put!

Jane Hassebroek you would make the best shark tank judge thing magij🤷🏾‍♀️💀

Nah Kevin would have offered 40% for the 80k and some other sharks would counter offer Kevin, not team up with the other sharks for the same equity. Remember for spongebob scrubby daddy Lori kept countering all the offers Daemon & Kevin were making with higher offers than them.

@@Beetleman20 Yeah no doubt, it's like all these sharks collude to not outbid each other.

In india if we had sharks they would have killed your business 😂

We already have a company like this in America

I knew I wasn’t the only one who thought of that😂😂

🫨🎉

KMOHAMED SINAAN 💀

Best comment

But the fact she has made it and profitted for it is what matters. Its like YSL when he saw Mondrian's paintings.

This is basically rent the runway lol

Nope! She’s ripping off Rent The Runway here in NYC! It has been in business well over 10 yrs!

Rent a Swag? Haha

Yeeeeesss! Rent A Swag lol

Treat Yoooself!!!!

Damn you right

I'm pretty sure he even changed the name from Rent-A-Swag to Tommy's Closet, so she even scooped the name.

Investing in stocks is a good idea, a good trading system would put you through many days of success.

@marissa Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

@Erica Stewart Hello Do you trade on your own?

@Erica Stewart That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.

@Erica Stewart>< Is her service available outside of the US? As her broker is registered in the US.