Thx bro

Nah, Mark usually does this to push the others out of the deal, not before every important aspects are discussed.

Yea Mark has done this milllllions of times before

Very disingenuous comment on how Mark does it too. Mark only does this when the bidding has begun, which is a VERY common business tactic. He never does it while others are still asking about the business. Lori and Daymond intentionally pushed for the deal because 1 - it was cheap and 2 - they know Robert and Mark are the perfect partners so they didn't want to give them a chance.

@@trestoprotolia3923 I agree Mark did this before but i think what we need to point out here is the "WHY" Mark puts pressurized offer versus the "WHY" behind Lori and Daymondz offer" Mark puts pressurized offer when he fully understands the business and that he can contribute to grow the business. While Lori and Daymond reason for the pressurized offer is "it felt good. oh and about the business plan.. We will figure it out" just my 2 cents🤙 very intresting episode nonetheless

All donation

@@diogo082 keep whining

I'm happy for the guy, but this basically proves the point that it's technically a charity, not business

Greatness!

@@dxzts6614 that's a silly comment. He's capitalized on the business of charity. That's what scholarships are. That doesn't make it any less a business just because they're being recognized for an amazing concept. Stop drinking the "shark tank" Kool aid.

That’s not what the show is about

@@chrisnoziere2893yeah but it could be a good aspect of the show. showing their differences and showing debates like this offers a cool perspective of the sharks personalities. this got very serious. it doesn’t look scripted at all.

Not every. It'll get repetitive and boring

You mean you think it should be scripted to have more fights? 🤨

@@tack3411 Man wants shark tank to be WWE lmao

its the first time ive ever seen them disagree. very stunning. i thought they just agreed about everything

A

Okay w

That had me rolling 😂😂😂

I didn't get it ..can anybody explain

@@sy_the_slayer geese are force fed to make them tastier

"He threw a chicken in a blender"

What time did he say this in the video

Didn't think about that. Nice

That's actually true. Had he actually answered, many could make a similar algorithm on how it works and make a better version.

That's actually a unique point.

Thats clever

You didn't even spell Lori or daymond correctly... Stay in school

That was good

the company is nowhere near worth $1 million just bc its a good cause, he only has $90,000 in total sales, the sharks would’ve called him out on it

@@odevrim5845 how is 90,000 bad for a new company and app? That’s good 😭

@@willpenaa he didn't say it was bad. Just that with those sales it's nowhere near worth a million bucks company to be asking 200k for 20%

@@willpenaa I didn't say it was bad, just your $1m valuation was unrealistic

I agree

Mark does all the time just sour grapes

@@litodat233 but majority of the times its after they all have learned all about the product/services. Whereas in this the entrepreneur still hadn't explained it fully

@@ShawnFX it's still a pass, maybe they could have found more information if they got to listen to others instead of just mark.

@@ShawnFX You don't know that.

They were asking the same questions, the guy knew what he was talking about, and he was only asking for 40k, for 15%, Damon and Lori W

if the scholarship is no longer available, users would just report the scholarship is not available with a button, after certain number of reports from users, the system deletes the scholarship. also, scholarship could be list by users too, all you need to have is having a team verifying the source.

@@rabbitclimbmountain that opens the gate to malicious actors. False reports could prematurely take a scholarship off the board before other applicants could apply.

@@Smasher0404 that why it needs a “verifying team”, both for listing and deleting.

@@rabbitclimbmountain very smart

All that is figureoutable

😆

dude was clueless the whole time

Simple and easy ..

@@okdarius it doesn't matter because he is now a partner in the company

@@positiveego5397 huh

he started doing that after this incident.

It’s different since they haven’t heard any info about the company, this was just betting on the person instead of learning about the business and doing both

He waits until he gets a large amount of information about the product or company.He helps when he hears all the details and it sounds good and reasonable,not just on compassion alone like Lori did

He doesn’t say nonsense like “I don’t care how we’re going to monetize this, I just want you to say yes…. Look at me…take my hand…” etc. It wasn’t the shot clock aspect that bothered him. It was that the dude barely gave any relevant information or important numbers, and Mark-being a tech guy-knows that that’s where the real stuff is buried.

@@prateeksingh8815 I'm pretty sure you're absolutely wrong

This was more than the business this was about what they could do for America. At 92000 downloads you know it's gonna grow.

I mean if it did pan out to be a success, does it really matter ? Not saying you should blindly walk into things but i guess they learned through it and it worked out

I am glad he did Not say anything about the algorithm because that would have given them ideas on how to create a better version of it. Like Apple competing with Samsung.

You have to remember, Daymond and Lori have people with technical backgrounds who could be liaisons for them. You have to have people of all backgrounds when you have multi million dollar companies. Through their liaisons, they learn more about technology.

@@aldenaltine2566Yeah it's great that students don't get a better version of the app they would help them find scholarships

Someone's learning new vocab from Elon Musk :P

the 40k isnt what they're looking at. it's the app which is about to make them an extra billion. that app idea is unstoppable

He was fuming towards the end, looking away like he'd rather be anywhere else haha

Admittedly, Mark is the king of doing that to the other sharks. Deals were he does not allow the business owner to talk to the other sharks. The differnce is he usually does that after all the sharks understand the business model. That is what made this one particularyly bad. When Mark does it, it is annoying, but this wasn't just annoying, it was a complete gamble, and therefore not even good business.

How funny. Mark tried to cut Lori off but you're angry that Lori stood her ground. Get a grip.

@@diamond852 SHE WOULDNT CLOSE HER MOUTH THE ENTIRE EPISODE she got to say FAR more then Mark and it was annoying she just yapped the whole episode

@@depression_isnt_real fr we couldnt hear the genius and only B-B-billionaire on the panel.

Butterflies don't fly out of their cocoons. They emerge and then rest until the veins in their wings fill with fluid and the wings dry out, then they fly away.

@@ernestmoney7252 exactly the point

It's not about her investing in something she believes in but rather her preventing the other sharks from understanding if it is viable or not and then be able to make an offer that will just be better. Mark and Robert both would have been the experts in that field and thus been better suitors for the offer. She just tried to eliminate competition.

If they wanted to make an offer they could have. Mark would have either picked the business apart OR has him disclosure some proprietary information that some tech person watching would have tried to replicate before it got off the ground. Mark wanted to flex by asking specific questions and that's something that should be discussed off camera. He was upset because I think he realized that something was there but wanted to ask a few more questions (which may not have been beneficial on TV) before making a better offer.

Actually it is their money that’s being spent. The sharks are paid to be on the show, but all the money they choose to invest is their own and not provided to them by the show.

The other sharks couldn’t even make anymore offers cause Lori wouldn’t let them talk

@@ButterSwagBag that’s what I meant… it’s not anyone else’s money that’s being spent so it shouldn’t matter

@@JordanMillerYourFA they weren’t trying to make offers..? There was many moments where you can see him look around and asking around for an offer.

@@Dilligents They didnt make offers because they wanted to know more about the app.

Totally agree - the app opens up financial opportunities and literacy for students everywhere. Loved this scene.

Supposedly it has

Agreed

Based on the app rewiews, not so much.

This isn't the compassionate tank .. it's the SHARK TANK

Only one of them is a billionaire

@@daviddaws3521 MILLION BILLION JILLION GILLION you got the point

It’s on Apple and claims to be the leading scholarship app with over $100million in awarded scholarships

@@azmiah8097 yes it is. I just found it.

Damon stated he made 40x-60x on this investment

That's dumb

The issue is they're not there to be angel investors or charity. How many times have you heard a shark mention that they take equity because of the experience and guidance that they can do to help an individual succeed. That's why they have a panel of several sharks all with different backgrounds. The point is for the entrepreneur to choose not only based on best deal fiscally, but best deal through mentorship. How many times have you seen a rejected deal or something that didn't work out and the cast and entrepreneur are happy with the end result because they learned a lot to help make changes or create a better business? Imagine now, that mark and Robert are the tech guys and can help make a business, no, a vision of a better place, more efficient and scaled in scope, and instead of being able to help in their very specialized ways, sniped because your peers are throwing money to help the guy out. If the goal is to get money, there's tons of philanthropists out there, if the goal is to create a scaled business with the veteran knowledge of those in the industry... Well then Lori and daymond just blew that opportunity to 'feel good'.

You don’t think that Lori and Daymond don’t have technical advisors? They both own businesses and have people in marketing finance, accounting , manufacturing, management snd various other areas. I am sure the technical advisors are liaisons between Scholly and them.

The app isn’t doing well. I checked it out the reviews and stars are not great. Mark was correct about asking more questions to get to know the application better.

Not a risk when they all make over 100M$

​@@MushrooMania888i read the company is is worth $5m. That investment of $40k is worth about $750k. That's a pretty good return.

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@Steve MichaelsonGreat! I personally love proving people wrong but investing in bitcoin for me has not been impressing. How much exactly do you make of you don't mind me asking