Student Turns Down Mark Cuban | Shark Tank Misses

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Жыл бұрын

Derek Pacqué, stepped into the Shark Tank seeking $200,000 for his company Coatchex but after talking to his business partner he decided to pass on one of the Shark’s offers.
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Student Turns Down Mark Cuban | Shark Tank Misses

Пікірлер: 123

@spastheghost Жыл бұрын

Dude made the right call. His business partner totally saved him here. I read somewhere that they're very successful now and they are in some big sports stadiums. It takes a lot of guts to decline an offer from Mark Cuban and it's even better that he proved they don't really need the sharks.

@leonajames5517 Жыл бұрын

Revenue is NOT profit.

@TheLOSTEntertainmentOfficial Жыл бұрын

The big hype he got is from Shark Tank. If the idea is good it will win no matter what. If there is a shark with them or not. That's exactly what happened here.

@MegaMijit Жыл бұрын

nah, mark couldve helped him get there wayyy faster AND paid him a quarter million to do it.

@hesh2892 Жыл бұрын

..in sports stadiums it will earn a lot

@wolfura Жыл бұрын

But they did need the sharks and all the free advertisement. Same for the connections, otherwise they would not have ended up in a sports stadium.

@CinematesGrapher Жыл бұрын

I Just love how the sharks first say: you should not do it, but then they get angry because he turned down the offer.

@Valkyrie1941 Жыл бұрын

Cuz it was too good for the entrepreneur that's why

@kendalchun Жыл бұрын

Told mark to not do it lol

@CinematesGrapher Жыл бұрын

@@kendalchun He already did make an offer.

@David-hv5lw Жыл бұрын

Its something called ego

@CNBCAmbition Жыл бұрын

They thought they were doing the right thing but ended up missing out

@harivignesh6876 Жыл бұрын

Love the chemistry between the sharks in episodes like these.

@dennyli1897 Жыл бұрын

they always get too focused on the percentage and doesnt understand the value a shark can bring to their company. Especially a shark like Mark, and he was excited about this product too,

@GATOWN Жыл бұрын

Mark has said that half of the businesses he invests in go on to fail. If the entrepreneur and product is good they’ll find a way to be successful with or without a shark

@dennyli1897 Жыл бұрын

@@GATOWN yeah but have a shark on your team sure make the process little faster no? If they don’t need shark why they come to the show? Just go find a investor and go do ur thing

@dennyli1897 Жыл бұрын

@@GATOWN half of the deal doesnt go through for many reasons, dont worry I saw that interview too my guy.

@joseph1140e Жыл бұрын

@@GATOWN That's such a non-argument. Yea, if the entrepreneur is really good with a solid product... of course things will likely work out fine. But a lot of people that come on the show lack a bit of expertise, experience, need more tweaking on the product or simply need the money. Without Mark (or any shark), a good portion of the companies that were succesful with him, couldve ended up not working out, or be less succesful than they are now

@jamesvause3418 Жыл бұрын

Lol that’s what they say to rip them off sonny boy wake up

@cchavezjr7 6 ай бұрын

The partner was a business professor. That's the worst advisor for a real business you can have.

@CommanderKeny62 Жыл бұрын

Maybe Daymond was right, now we get crazy valuations for worse products lol

@ninjanerdstudent6937 Жыл бұрын

This business has amazing potential. After some growth and maturity, he can turn this thing into a vending machine model with LIDAR face detection and place a giant box of coat compartments in every college campus in America.

@ceylonelle Жыл бұрын

Mark did him a favor. He knew they were too early and gave them the slip. Good man.

@awsumawstun Жыл бұрын

Mark wasn’t interested in helping him anyways, just wanted to flip his portion to Silicon Valley. Good call, kid.

@checkmate5338 Жыл бұрын

wait... how can we hear the phone conversation?

@danielrome2556 Жыл бұрын

7 mil per year. He’s successful sure but that’s tiny for what that business could have been with that deal. Even with 66% equity it wouldn’t matter if that revenue was multiplied by 5 or even 10

@JohnWick-hl3ir Жыл бұрын

This is a old episode now they make over $100 million a year. What a legend

@GG-tf1tc Жыл бұрын

@@JohnWick-hl3ir they do not. Don’t spread bs

@AJ-rc5lr Жыл бұрын

7 million is impressive, wow so over 2 million users using the service

@hz3646 Жыл бұрын

Rightfully so!

@RebeccaDhillon Жыл бұрын

I used this at a club in Canada. It’s fast efficient and totally brilliant

@magicmanscott40k 7 ай бұрын

This was definitely a test. I think Mark trusted he would do well.

@alinocencio1798 Жыл бұрын

Once you know the value of the company, you would decline marks offer… good job for his partner

@roberternest4641 Жыл бұрын

With everything going on right now, the best decision to be on any creative man's heart is having a profitable investment strategy.

@waynes4369 Жыл бұрын

@Johanna Franklin I definitely agree this current DIP is a huge opportunity to buy the DIP and also high volatility to yield more profit for day traders

@raphfelimax2713 Жыл бұрын

I wanted to trade crypto but got confused by the fluctuations in price

@arktom7335 Жыл бұрын

I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last two months in CNBC world news and decided to try him out...I'm Expecting my third cashout in 2days

@marshallbsanz2068 Жыл бұрын

I have also been trading with him and the profits are secured and over a 100% return on investment directly sent to your wallet. Lack of trade discipline is the primary reason for in day trade losses. It is estimated that nearly 80-85% of day traders end up losing money in the stock market

@Kristenshwan Жыл бұрын

@@marshallbsanz2068 Same here, started with $3,000 now earning $28,300 bi-weekly profits with his trading program.

@zamoro10100 Жыл бұрын

Cuban's deals always fall through after post-show negotiations anyways.

@MnMnBahr. Жыл бұрын

A head of his time 👏🏼👏🏼

@thorhamma8958 Жыл бұрын

Seems like Mark enjoys saying no

@shineykurian2537 Жыл бұрын

What is a Hoochers? Is that the song for Indian University. I loved that he did not take a deal :) Love this :)

@absolutnadia Жыл бұрын

What’s the point of not putting the phone in speaker when it was heard lol

@damaiindah8587 Жыл бұрын

I feel useless with my chair and bobo yaga

@nikhil9154 Жыл бұрын

7 MILLION IN REVENUE 🤑

@leonajames5517 Жыл бұрын

Potentially zero profit...

@dustinvo6097 Жыл бұрын

@@leonajames5517 There are a lot of businesses with zero profit but bought by big tech companies with surprising valuation. Database with the customer and their activities are valuable to them.

@realtalk6195 Жыл бұрын

@@dustinvo6097 Those are businesses that either have a lot of users, so the buyer company knows that starting a competitor won't get them the same amount of users to gain traction (especially when it comes to the online space), or they have some unique technology that others want. This company has neither.

@jessecumba Жыл бұрын

Good for the kid

@jpdelete Жыл бұрын

The decision-maker wasn't in the tank - that was their biggest mistake. He loved the offer but the partner didn't. Wish they were more serious by bringing the partner to the pitch.

@iclapptv2394 Жыл бұрын

Whoever's reading this, i pray that whatever you're going through gets better and whatever you're struggling with or worrying about you get Through it keep your head up struggle/pain doesn’t last forever keep pushing Dont Give up you got this.. Amen🙏🏾

@Miss_Loving Жыл бұрын

In the name of Jesus Christ, Amen!! 🙏

@ParTeeGolfClub Жыл бұрын

Amen!

@tedsonwright1907 11 ай бұрын

Amen

@alwilliams4244 Жыл бұрын

He sure have taken the deal.

@JohnWick-hl3ir Жыл бұрын

He makes $100 million a year now what a legend

@paulvk2539 Жыл бұрын

And thats why he is a professor.......no clue

@keemp1273 Жыл бұрын

So, what are y’all eating right now?

@rafa57games Жыл бұрын

I don't get what's the diferencial in this product. Anyone can take a picture of you, that's no diferencial haha

@Anthonywb Жыл бұрын

Chexology is now bringing In 10 million dollars year

@TraceguyRune Жыл бұрын

Mark Cuban is the only Shark who is a billionaire. If he wants to spoil kids, he can do that

@konstantinossotiriou9590 Жыл бұрын

I’m sure Cuban stays awake at night thinking about him #never

@global_Jesus Жыл бұрын

Laurie I want your golden ticket.

@joand3767 Жыл бұрын

7 million ANNUAL ANNUAL ANNUAL 5:20 pause and read fully

@successandlifestyle Жыл бұрын

You're turning down a top level consultant who can open doors that you can't. Plus, knows how to achieve better margins on that 7million a year.

@JohnWick-hl3ir Жыл бұрын

He makes over $100 million in a year now he's a legend

@GG-tf1tc Жыл бұрын

@@JohnWick-hl3ir stop spreading lies. btw the 7 million was total not per year. He made a big mistake.

@absolutnadia Жыл бұрын

This is cool

@arid9019 Жыл бұрын

Its very late and i have work tommorow , so for that reason im out ✌️

@TheRusschannel Жыл бұрын

I keep seeing the same people in my life with just slightly different faces... really weird ... for example this guy is Cameran dallas...

@racelinephilippines747 Жыл бұрын

It only means Mark Cuban has a great eye

@ZippyNarwhal Жыл бұрын

Niceee!!!

@buster5661 2 ай бұрын

He doesn't understand the value of a shark

@michaeldennett6125 Жыл бұрын

He's a fool. Just the fact of being on show will grow this gig. He lost out.

@OrlandoUsedCarsForSale Жыл бұрын

Fake Product , Fake News ..

@MrProTechHD Жыл бұрын

after the sharks rejecting RING , their not that Brilliant

@torguy5763 Жыл бұрын

They're, you can't even spell.

@MrProTechHD Жыл бұрын

@@torguy5763 congrats

@thedude5599 Жыл бұрын

@@torguy5763 correcting internet grammar does not make you smart.

@Rahat-cg8rv Жыл бұрын

@@thedude5599 Judging a billionare making couple of wrong decisions doesn't make you wise either

@thedude5599 Жыл бұрын

@@Rahat-cg8rv I never judged anyone .

@gabhandebrun1871 Жыл бұрын

This is nothing new loada bollox

@keithhodgson6489 Жыл бұрын

Cringeworthy in the extreme.

@renuhazari544 Жыл бұрын

I love shark tank India.their judges are not at all misguiding anyone specially youngsters ❤

@Anandadhikari7 Жыл бұрын

But it is like Indian idol now

@misterbobo8139 Жыл бұрын

They all smell funny though.

@renuhazari544 Жыл бұрын

@@Anandadhikari7 emotional drama??

@pbfoley Жыл бұрын

Kevin is maximum sleaze.

@lus Жыл бұрын

Very old episode..... he could have been big. But he's still so small. 7 million in revenue isn't very good after all this time. My business does better than that.

@stevengreidinger8295 Жыл бұрын

Not sure if you're serious. $7M revenue is an excellent business if the margins are even just pretty good. Trying to turn a niche business into Google with a succession of big marketing bets risks bankruptcy.

@la6136 Жыл бұрын

@@stevengreidinger8295 7 mil is great for an owner of a small business with a few employees but it is still very small in the grand scheme of things. Big companies do 100 mil or more

@tobiramasenju6290 Жыл бұрын

You must have horrible margins if 7 million a year in revenue is "so small".

@peauntbutterxboy93 Жыл бұрын

No one cares about your crappy business