The Sharks Offer Entrepreneur Cheesy Deals for Just The Cheese | Shark Tank US | Shark Tank Global

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Shark Tank Global

Shark Tank Global

2 жыл бұрын

David Scharfman is seeking $500,000 for a 5% stake of Just The Cheese
From Season 11 Episode 20
Watch Now: www.ctv.ca/shows/shark-tank
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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 #JustTheCheese
The Sharks Offer Entrepreneur Cheesy Deals for Just The Cheese | Shark Tank US | Shark Tank Global
/ @sharktankglobal

Пікірлер: 2 100
@sixtynineelephants2403
@sixtynineelephants2403 2 жыл бұрын
This is the first time I’ve seen someone know their business well enough to turn down several offers WHILE STILL respecting the sharks enough for them to wish him well. Good work
@reginaldsmith2024
@reginaldsmith2024 Жыл бұрын
I don’t believe he respected them at all. He just wanted the shark tank exposure
@eliseo5416
@eliseo5416 Жыл бұрын
How was it
@reginaldsmith2024
@reginaldsmith2024 Жыл бұрын
@@eliseo5416 ???
@eliseo5416
@eliseo5416 Жыл бұрын
@@reginaldsmith2024 I'm replying to the original commenter
@rogerbuschmann8161
@rogerbuschmann8161 Жыл бұрын
Can´t blame him if he doesn´t respect them because they don´t respect his business either. Those deals were rip offs. He doesn´t have a start up he already has growing and established company.
@matsinaguglia2275
@matsinaguglia2275 2 жыл бұрын
This is probably one of the most intelligent business owners to go on the show in terms of counter offering
@mz2728
@mz2728 2 жыл бұрын
Helps to have gone to business school and having experience as a consultant. They are experts on the numbers of a business. Sharks often make bids for 2-3x the asked valuation, but this time I think it was quite fair, and the Sharks got greedy. Kevin and Lori's offers were, like he said, nuts! 20 or15 cents royalty on a product that costs $1.27 is crazy, especially when they make roughly 20 cents in profit. Even if he scaled like expected and cut his production cost by about 20 cent, that royalty deal would seriously impact the cash flow unless he 1.5-2x his prices. His pitch was phenomenal, and his presentation technique was terrific with the visualization of the process, the business had great sales, he knew his margins would double when he grew, the company secured a deal at 7-1, keto and "no filler ingredients" are trends on the rise. Think the sharks let a huge opportunity slip here.
@sdf5998
@sdf5998 2 жыл бұрын
@@mz2728 it's not the sharks are greedy tho, like mark said, 5x MOM multiple is just not worth it for a VC
@testuser2505
@testuser2505 2 жыл бұрын
@@sdf5998 40% margins on 5m sale, he’s asking 5x sales and 12x profit. Company doubles or goes viral, that’s fair valuation he came with. He came down to 3x Sales, 6x profit. There is enough upside, if he wants more up side then offer more money.
@sdf5998
@sdf5998 2 жыл бұрын
@@testuser2505 keep in mind this is a VC game, not value investing. VCs look for 10x, 100x MOM multiple. They don't care how cheap the company is, the question is, can you tenfold your money?
@eugenelenskih2885
@eugenelenskih2885 2 жыл бұрын
@@mz2728 well spoken
@Blueeyesinthesky
@Blueeyesinthesky Жыл бұрын
Dude actually thought about his offers and did the math and wasn’t afraid to grab a pen and paper. I saw some mutual respect with him and the sharks and it was nice to see honestly. It was kind of amazing to watch tbh! This guy will continue to succeed
@groobs
@groobs Жыл бұрын
🙌🙌🙌🙌✨ I was just commenting the same thing! , he got the paper and pen to make sure it makes sense ❤️ ✨🙌🙌🙌✨
@rileigh5642
@rileigh5642 Жыл бұрын
I would be so embarrassed to grab a pen and paper in front of the sharks who do it all in their head or just on paper where we don’t see/have such experience doing it on the fly. Truly a great confident and intelligent man
@THEGRANDTOUR-kt3jh
@THEGRANDTOUR-kt3jh Жыл бұрын
He should have taken marks offer idk why he declined that
@gabrielewilson4678
@gabrielewilson4678 Жыл бұрын
frankly i wouldn't be surprised if he became a shark himself
@4f52
@4f52 8 ай бұрын
You don't need pen and paper to realize the usurious nature of the proposed $0.20 fixed cost on his product. Specially on a growing business. Specially
@LV2UJC-FM
@LV2UJC-FM 2 жыл бұрын
His business is doing well, and he got good exposure for his product being on the show. He's doing excellent without the help from one of the Sharks and will continue to grow. He's got a great business mind, and I'm positive his father is proud of him!
@bsmccrunner4
@bsmccrunner4 Жыл бұрын
Actually the product is already being pulled from shelves. Unfortunately no one wanted a bad tasting cheese bar
@ONEstunnas
@ONEstunnas Жыл бұрын
@@bsmccrunner4 they are in target, Walmart and on Instacart. What are you talking about?
@HARTTG
@HARTTG Жыл бұрын
@@bsmccrunner4 what are you talkin about they are still in 7-11, I just bought it yesterday
@warriormanmaxx8991
@warriormanmaxx8991 Жыл бұрын
Hey @@bsmccrunner4 - Yeahhh ... product is being pulled from shelves BY CUSTOMERS BUYING THE CHEESE!! Do you (ahem) "exaggerate" much in daily life, too?? Ehhh?
@FM-dm8xj
@FM-dm8xj 11 ай бұрын
wym his doing well because he was on the show.....
@sternritter9788
@sternritter9788 2 жыл бұрын
This guy knows what he's doing. Coming on the show probably skyrocketed his online sales.
@SidGolan
@SidGolan 2 жыл бұрын
That's the intention of most people that try to get on the show. Publicity.
@xlncy
@xlncy 2 жыл бұрын
He doesn't need a shark. His business of already got a niche. Guy knows his cheese
@josea2462
@josea2462 2 жыл бұрын
I’m buying right now !
@tb5674
@tb5674 2 жыл бұрын
Just bought some
@slicelifetv
@slicelifetv 2 жыл бұрын
Just going on the show they automatically take 5% of your business.
@sinba.
@sinba. 2 жыл бұрын
He declined offers, made sharks come back in and still declined their offers. Confidence in his ability and his potential at its finest.
@groobs
@groobs Жыл бұрын
🙌🙌🙌🙌🙌
@Theonlygracius
@Theonlygracius Жыл бұрын
Or wasn't looking to get an offer at all and just using the show to make sales.
@anonymous-de3mn
@anonymous-de3mn Жыл бұрын
It's not about confidence. Him being confident is a consequence of him knowing his business, what it needs, and what kind of deal he was ready to accept or not.
@TheTundraTerror
@TheTundraTerror Жыл бұрын
@@Theonlygracius I mean, you can say that about most products. However, it's clear he know what he needed and it's likely that the Sharks were asking too much.
@AsifKhoja
@AsifKhoja Жыл бұрын
He was there to announced he has better brand and Now he can take lots of money
@lovingatlanta
@lovingatlanta 2 жыл бұрын
He’s smart, business school paid off. He knows his numbers, his competition, is respectful & humble enough to wear that company brand outfit. I love this guy. I’m going to try his product. I wish him & his family the absolute best success. 💝
@JohnWick-hl3ir
@JohnWick-hl3ir Жыл бұрын
Indeed a very intelligent man who carries himself very professionally
@raulcitraro
@raulcitraro Жыл бұрын
I like how Kevin sees a business and turns it into his own scam by putting it into a deal
@bryangaydos6628
@bryangaydos6628 24 күн бұрын
why was Kevin's deal a scam?
@killerkonnat
@killerkonnat 5 күн бұрын
@@bryangaydos6628 With the margins he was talking about, if he took Kevin's deal his profits would basically go to 0.
@sanjuu1988
@sanjuu1988 2 жыл бұрын
The way he explains how Lori's deal would be bad for him shows he is genuinly intelligent
@williambalentine7639
@williambalentine7639 2 жыл бұрын
lol true
@timgeurts
@timgeurts 2 жыл бұрын
It's just ONE multiplication, it mostly shows his calm
@calebstephan2083
@calebstephan2083 2 жыл бұрын
@@timgeurts Lori and Kevin had no response to his counter which showed he is indeed very intelligent.
@heythere1074
@heythere1074 Жыл бұрын
@@calebstephan2083 obviously, their offers were idiotic. They wanted to ride on his past achievements. Now, an offer would have been that they would start taking royalties let's say, after two years.
@jareddavulture58
@jareddavulture58 Жыл бұрын
It was just multiplication lmfao
@jeffrey-iu2vj
@jeffrey-iu2vj 2 жыл бұрын
Calmest dude I have ever seen on this show !! He knew what he has and what it's worth to him
@nsaurabh25
@nsaurabh25 2 жыл бұрын
That's why his wife can't feel him.
@jkpiii4513
@jkpiii4513 2 жыл бұрын
He didn't need a shark. He got exactly what he went there for...more exposure. His sales just went through the roof for just showing up.
@gerardford9706
@gerardford9706 2 жыл бұрын
@@nsaurabh25 its not too late to delete this dumb comment.
@mytrashguypa
@mytrashguypa 2 жыл бұрын
Hes not desperate
@ArnavChaudhary-yq6vq
@ArnavChaudhary-yq6vq 2 жыл бұрын
@@nsaurabh25 😂😂😂
@OK-cv1pt
@OK-cv1pt Жыл бұрын
Im pretty sure Mark Cuban jumped back in and offer him 500k because the dude asked for a paper and a pen. That show that he is not ashamed of showing he is not the best at math and not afraid of admitting it and asking for help, which , for me, speak a lot. Thats a genuine human being
@Matt70
@Matt70 Жыл бұрын
Not the best at math? I’d like to see you multiply 3.5m * .20 in your head
@jovanxin6762
@jovanxin6762 Жыл бұрын
@@Matt70 are you kidding... anyone who went to high school can do that
@dirt_xo
@dirt_xo Жыл бұрын
@@Matt70 lol
@TooFewSecrets
@TooFewSecrets Жыл бұрын
@@Matt70 twice of 3.5 is 7, move the decimal so now it's 0.7m or 700k
@michaellusk2856
@michaellusk2856 Жыл бұрын
@@Matt70 Where did you attend grammar school?
@bobbyharrop8817
@bobbyharrop8817 Жыл бұрын
Kevin: "your margins are terrible" Kevin minutes later: "he's a royalty deal with perpetuity that will squeeze your already terrible margins even further"
@SF-zc3mm
@SF-zc3mm 2 жыл бұрын
This guy's a genius marketer. He sets his margins low cause he's not greedy like the sharks, and than advertises that to the world. I wouldn't consider buying them if they were like $3 a pack but now I will.
@user-nh3gu1ge3d
@user-nh3gu1ge3d 2 жыл бұрын
Yeah, and 20 cents per for a royalty on something that sells for, what, a buck 25 is insane. That's 16 percent off the top when his margins are only like 22%. There is NO WAY he could have made that deal. The nickel deal was actually quite fair. That's about 100k per year, at 10 years, that's a million dollars. I wouldn't take the deal if I were a shark but it's MUCH closer to reality than the 20 cent royalty. Maybe a nickel royalty plus 2% equity or something.
@AnonNameless
@AnonNameless 2 жыл бұрын
@@user-nh3gu1ge3d Yeah, I would've done the nickel deal but ask for 5% equity.
@emilianosiqueiros3275
@emilianosiqueiros3275 2 жыл бұрын
@@user-nh3gu1ge3d i would take 10 cent royalty
@iwishiwasthomasshelby
@iwishiwasthomasshelby 2 жыл бұрын
I would do a nickel deal plus 5% royalty, and then you can get out of the perpetuity after 5 years for another 5% if you so elect.
@lavs8696
@lavs8696 2 жыл бұрын
he sets his margins low because there's tons of competition in this space and charging any more would knock him out of the market...
@SoLiTaRyBoNe
@SoLiTaRyBoNe 2 жыл бұрын
This man is a great example of how to maintain your calm in a communitcation channel, and keep the same confidence level unaffected.
@Days-wh7dv
@Days-wh7dv 2 жыл бұрын
Especially when wearing a cheese suit
@omnientertainment5852
@omnientertainment5852 2 жыл бұрын
Yup
@lolhowmad
@lolhowmad Жыл бұрын
But the stupid arrogant/childish faces he would make whenever the sharks would say something is a terrible example to set.
@jponz85
@jponz85 Жыл бұрын
@@lolhowmad 🙄omg dude really? Lmao... nit-picking I see
@notori-di5et
@notori-di5et Жыл бұрын
The first actually guy to come and be serious about the deal other just cry with sad backstory or just tryna be funny
@spp-ut1jw
@spp-ut1jw Жыл бұрын
The way he calculated and explained Mr Wonderful deal was brilliant.
@sinisterzz5031
@sinisterzz5031 Жыл бұрын
I love how Lori dropped out before he declined her deal cause she didn’t wanna get told no
@TheUzamaki1234
@TheUzamaki1234 11 ай бұрын
She got a pride hurt for that Ludacris offer.
@wesmyone9562
@wesmyone9562 6 ай бұрын
That was pathetic of her
@robinabernathy2829
@robinabernathy2829 2 жыл бұрын
I'm sure this guy is happy. He got what he wanted. A HUGE uptick in his online sales as a result of being on the show and brand awareness.
@FANOFWAR34
@FANOFWAR34 2 жыл бұрын
i’d say he can be happy after the fact that his show aired and not right after he was there. many many many pitches never get aired, so he got lucky that they chose to air his presentation.
@claudeyaz
@claudeyaz 2 жыл бұрын
That's what he tux is for lol
@leir2005
@leir2005 2 жыл бұрын
@@FANOFWAR34 Oh wow I never knew that!!
@toad7395
@toad7395 2 жыл бұрын
@@FANOFWAR34 I mean with that cheese hat how could they not air him
@theinquisitor7191
@theinquisitor7191 2 жыл бұрын
My name Mr Cheese. Not an imposter.
@expertexcavatinginc
@expertexcavatinginc 2 жыл бұрын
I love this guy's backstory. He admits to his faults and always bounces back.
@oscarj.3807
@oscarj.3807 2 жыл бұрын
Bounces back? The dude is funded by his family business, he has absolutely no risk. He lacks testosterone thats for sure
@jameschan7580
@jameschan7580 2 жыл бұрын
@@oscarj.3807 so if u got this opportunity and be funded, you would create a business 😂 u ppl make me laugh when it comes to family funded business.
@expertexcavatinginc
@expertexcavatinginc 2 жыл бұрын
@@oscarj.3807 Before he started this business he failed multiple times and bounced back. That's what I was referring to.
@bash547
@bash547 2 жыл бұрын
@@expertexcavatinginc Well, if his biz goes bust again, he’ll have another story of how he lost an investment cuz he rejected half a million for $15% from a famous billionaire.
@expertexcavatinginc
@expertexcavatinginc 2 жыл бұрын
@@bash547 He should have taken Cuban's offer, no doubt. But he is a fighter and a hard worker. I liked the dude more than the product.
@simulacrxm
@simulacrxm Жыл бұрын
This guys is an absolute beast, normally people come on the show and get humilated, but David destroyed the sharks lol and they even tried to get above him with "I only offered because of the tie" and "I'm out" before he even said anything. No doubt his buisness is gonna skyrocket just by him appearing on the show
@walterkovacs7365
@walterkovacs7365 2 жыл бұрын
I love Mark's total resignation at "that's a lot of CHEDDAR". All the troubles of the business day couldn't hurt him but that cheesy pun was the straw that broke the camel's back and he just hangs his head in ruminating loss.
@ravgill6156
@ravgill6156 2 жыл бұрын
Lori announcing she’s out as he’s in the process of declining her offer was hilarious😂 she’s not the same person she used to be unfortunately
@sweet16angel
@sweet16angel 2 жыл бұрын
I think she got mad cause insulted at a nickle per sale.
@jmoneyentertainment4890
@jmoneyentertainment4890 2 жыл бұрын
In what way?
@dargus1718
@dargus1718 2 жыл бұрын
@@sweet16angel when they would've gotten already 360k / 4 = 90k / year for 10 years = 900k (if no grow whatever is applied) sounds quite fine. Now add possible growth and they would still get their money back.
@bertharamosq2745
@bertharamosq2745 2 жыл бұрын
Age brings bitterness for most
@sonyvalencia
@sonyvalencia 2 жыл бұрын
I agree, in her early days she had such a chill and professional vibe. Now in days she seems to get upset easily.
@ZevMeth_originaljewishmusic
@ZevMeth_originaljewishmusic 2 жыл бұрын
That was a really good pitch, he made two sharks come back in simply because of his intelligence!
@xlncy
@xlncy 2 жыл бұрын
Man knows his business
@ryanbahnsen6429
@ryanbahnsen6429 2 жыл бұрын
@@xlncy It's a Wisconsin native about cheese... Of course he knows the business 😆
@mz2728
@mz2728 2 жыл бұрын
He knew all the numbers in and out and had expert knowledge in the business domain. Great business and numbers aside, the entrepreneur himself was worth investing in, IMO. Top-notch communication skills, presenting the product and process perfectly. Knew every number in and out, had in-depth reasoning for every decision, realistic expectation for growth, got a deal with 7-11 (that is huge), and was firm, professional and had integrity in his negotiation with the sharks. He seems like the perfect entrepreneur CEO, and would likely need a lot less basic business guidance than most of the entrepreneurs on Shark tank.
@waqas.180
@waqas.180 2 жыл бұрын
Ikr! He is one of the very few people on the show who was quite smart & understood the numbers... He declined their offers because he knew it wasn't worth it 👍🏼 and he can keep growing the business himself
@johnclements9085
@johnclements9085 Жыл бұрын
I've never seen a shark jump back in after they said they're out
@JasonB95
@JasonB95 Жыл бұрын
I respect this guy for knowing his company's worth and refusing to settle for anything less. Having two businesses fail in a foreign country builds strength of character better than anything.
@stevethea5250
@stevethea5250 10 ай бұрын
What
@kaynkayn9870
@kaynkayn9870 10 ай бұрын
@@stevethea5250 he tried to start a cheese business twice before in Asia.
@stevethea5250
@stevethea5250 10 ай бұрын
@@kaynkayn9870 oh ... maybe shouldve tried southkorea for cvhees
@kd1234543
@kd1234543 7 ай бұрын
This is my favorite shark tank pitch ever. Extremely smart, respectful, great product, and just seemed like a really down to earth, genuine guy.
@dinanarivonchik
@dinanarivonchik 2 жыл бұрын
Hes really good at doing the math on the fly. Respectable.
@harshbokadia6931
@harshbokadia6931 2 жыл бұрын
he is a business major
@bash547
@bash547 2 жыл бұрын
He asked for pen & paper… amateur.
@RyanDaGamer
@RyanDaGamer 2 жыл бұрын
They cut most of it out. It’s 1 hour per person. 80% of this take was cut
@zionmatrix8200
@zionmatrix8200 2 жыл бұрын
@@RyanDaGamer 1 hour ? How it comes to 10 mnts & looks complete
@zionmatrix8200
@zionmatrix8200 2 жыл бұрын
Thats what i thought too hhhhh
@jason805sm
@jason805sm 2 жыл бұрын
Producers later stated that during the pitch, Barbara called in to say “I’m out”
@Astermints
@Astermints 2 жыл бұрын
old joke
@phreshlikedat9752
@phreshlikedat9752 2 жыл бұрын
@@Astermints still laughed tho
@techo4Ugeeks
@techo4Ugeeks 2 жыл бұрын
Lmaoooo
@user-jo3go8fe3g
@user-jo3go8fe3g 2 жыл бұрын
Lollll
@MichaelsExplorations
@MichaelsExplorations 2 жыл бұрын
Lmfao 🤣
@Hoptockets
@Hoptockets Жыл бұрын
He's a solid negotiator. I hope to see much success from him. In any venture. He's smart.
@JamieM470
@JamieM470 Жыл бұрын
From what I can find, he now has Target and Walmart in addition to 7-11 and Amazon, and sales have increased to around $4 million a year. Success story :)
@keyquestions
@keyquestions 2 жыл бұрын
Easily one of the best pitches and negotiations in Shark Tank history.
@bsmccrunner4
@bsmccrunner4 Жыл бұрын
Product was a flop
@serzel9134
@serzel9134 Жыл бұрын
​@@bsmccrunner4 lol was it?
@yeenstr8620
@yeenstr8620 Жыл бұрын
Easily...
@dc_classik1281
@dc_classik1281 Жыл бұрын
@@bsmccrunner4 it’s not though
@mylene_b
@mylene_b 4 ай бұрын
​@@bsmccrunner4 Just the Cheese is worth an estimated $10 million in net worth, bringing in $4 million annually.
@chenoweezi
@chenoweezi 2 жыл бұрын
Robert: "I just don't like the taste of the bar" Also Robert toward the end of the pitch mouth full: "David make a counter"
@01892739795717823
@01892739795717823 2 жыл бұрын
8:53
@sonyvalencia
@sonyvalencia 2 жыл бұрын
Wth I thought you were just joking.
@BNizam
@BNizam Жыл бұрын
His voice though XD dAvID mAkE a cOuNtR
@RickAshley8765
@RickAshley8765 Жыл бұрын
Kevin is the funniest shark. He's always the first to offer a deal, sometimes being the only one, and his side commentary on the peanut gallery of other sharks is always hilarious. 8:10, 5:48, 6:04, 10:33
@gk505
@gk505 Жыл бұрын
nice comment
@mars9313
@mars9313 2 жыл бұрын
This guy is an amazing business man he sat himself in an investors chair and did the numbers knowing his worth and how they were trying to take advantage
@HabibAbdellatifi
@HabibAbdellatifi 2 жыл бұрын
Lori is hilarious. She backs up when she feels that he's about to say no to her
@ShakeITyEA
@ShakeITyEA 2 жыл бұрын
thats not hillarious thats pathetic
@HabibAbdellatifi
@HabibAbdellatifi 2 жыл бұрын
@@ShakeITyEA imagine someone being as judgemental as you. Now imagine that person dont even have 1/1000th of your achievements in life
@tyrone5619
@tyrone5619 2 жыл бұрын
@@HabibAbdellatifi Bruh. Your financial wealth does not excuse you from peoples opinions and judgement
@HabibAbdellatifi
@HabibAbdellatifi 2 жыл бұрын
@@tyrone5619 you're talking about wealth, i'm talking achievements. Absolutely not the same things
@ekothesilent9456
@ekothesilent9456 2 жыл бұрын
@@HabibAbdellatifi Achievements do not excuse you from the judgements and opinions of others. Society will train that corporate bullshit out of you eventually, mostly with harsh judgement.
@GabrielYYZ
@GabrielYYZ 2 жыл бұрын
Glad they didn’t spoil whether or not he got a deal in the title!
@shac9131
@shac9131 2 жыл бұрын
Shocker. Survivor ruined it for most viewers who won etc
@shiv.patel1017
@shiv.patel1017 2 жыл бұрын
no one likes spoiled cheese
@craig9911
@craig9911 2 жыл бұрын
yeah i dont know why the hell they do that
@vozamaraktv-art5595
@vozamaraktv-art5595 2 жыл бұрын
I wish with my whole heart that this guy succeeds. None of these sharks valued or respected his company and product. He was right to not accept.
@lolomo6093
@lolomo6093 Жыл бұрын
I mean the sharks is professionals but greedy
@mikemarcus7630
@mikemarcus7630 Жыл бұрын
It is better to invest now. You will never be younger than you are today and there will never be a perfect time to invest. Due to compounding, which Einstein called the 8th wonder of the world, you can get rich slowly from investing if you do it from a young enough age.
@richardnicholas9654
@richardnicholas9654 Жыл бұрын
Trading with Josef Dennis signals completely altered my perspective on bitcoin because, despite everyone's complaints and fears, I was able to expand my portfolio from 6 BTC to 10.2 BTC in just 7 weeks with active trading…
@lucyameliaflynn4768
@lucyameliaflynn4768 Жыл бұрын
I never had the opportunity to benefit until i meet Josef Dennis. that's when I started earning real good at first I invested 3BTC and earned 10.5BTC in just 1months of trading
@mikemarcus7630
@mikemarcus7630 Жыл бұрын
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
@kenedyright232
@kenedyright232 Жыл бұрын
@Thomas Robert How do I connect with him ??
@kenedyright232
@kenedyright232 Жыл бұрын
I want to make good profits and learn how to stop loss..
@mustangx
@mustangx 2 жыл бұрын
Well done. That’s a smart man. You don’t need them at that price
@johnnyrocket9321
@johnnyrocket9321 2 жыл бұрын
I'm not sure he even wanted a deal that much. The exposure is going to bring him massive sales.
@mustangx
@mustangx 2 жыл бұрын
@@johnnyrocket9321 he’s smart. I’m sure he knew that at the very least. Watch the space I think this is one that got away just like the doorbell company
@moneyalways7674
@moneyalways7674 2 жыл бұрын
@@johnnyrocket9321, yes most definitely just wanted the exposure! Him and his family put 1 million into the company already?!? Lol they already live good and have money😂!
@mz2728
@mz2728 2 жыл бұрын
@@johnnyrocket9321 His valuation was quite fair given his sales, growth and profit. 3.6 in sales with their profit margin would equate to ~$900k in profit last year. With the numbers he had to date, he could realistically expect ~$6m+ this year and about ~$1.5m profit. He mentioned that the cost would drop to 75 cents as they grow, which would increase their profit by 60% per bar. I think $500k for 15% was unreasonable, as it would value the company at $3.3m. I even think $500k at 10% would be quite low evaluation, but maybe worth it due to the value added by Mark.
@mistameff3528
@mistameff3528 Жыл бұрын
@@moneyalways7674 I mean yeah, he made that money, so he can put it into the company? His sales are great but you don't give your equity for the money, you give it for their connections. Lori or others have brands that will SKY rocket an already great selling product into oblivion
@BeyondPostal
@BeyondPostal 2 жыл бұрын
Respectable dude, I just ordered a box on Amazon just based on how this guy carries himself. Edit: I order these all the time now, just ordered two more boxes yesterday from Amazon, they are GREAT!
@lukamilas8648
@lukamilas8648 2 жыл бұрын
I wish I would’ve knew about this company earlier.
@groobs
@groobs Жыл бұрын
I bet my hubby would enjoy these so I wanna get some ordered too ✨🙌❤️✨🧀✨❤️☺️🧀❤️
@kylan419
@kylan419 6 ай бұрын
​@@groobsAre 😂😅😢😮❤😊😂❤❤😊 you❤😅😂😢😢❤😊😂🎉😂❤😅 really?❤😊🎉😢😮❤😅😂🎉😢😂😮❤😅🎉
@slomolightning2592
@slomolightning2592 Жыл бұрын
I really , really admire how this guy holds himself.
@PrimoPier
@PrimoPier Жыл бұрын
Very professional, notice how no one (except MAYBE Lori) was really offended by the way he was behaving, because he still treated everybody with respect. Stand up guy.
@DoofSenpai
@DoofSenpai 2 жыл бұрын
I like how this guy stuck with his gut. At this point a lot of people would have caved in and accepted an offer. If you have a number in your mind and the offers aren't good enough you always have the option to walk away.
@bigbill327
@bigbill327 2 жыл бұрын
it's easier to decline unreasonable offers when you are already bringing in millions of dollars in revenue yearly.
@jeannebye8153
@jeannebye8153 2 жыл бұрын
Doesn't mean you're making the right decision. Business is more than "gut feeling", it's math, critical thinking, weighing the pros and cons, etc
@mz2728
@mz2728 2 жыл бұрын
@@bigbill327 Exactly. This wasn't a case of a disillusioned entrepreneur with a crazy valuation saying no to fair offers because they went to the tank for free marketing (or simply being disillusioned). The offers, especially Kevin and Lori's, were completely unreasonable. Mark's offer was more reasonable, but I think that taking 15% of something that's already up to speed, proven and growing was a bit greedy even with the value he would add.
@moreplatesnodates2440
@moreplatesnodates2440 Жыл бұрын
That guy already was rich thats why he was able to handle the situation that well
@bsmccrunner4
@bsmccrunner4 Жыл бұрын
Product flopped. Pulled from most shelves already
@MrExpert23
@MrExpert23 2 жыл бұрын
This guy has a great business acumen but also charisma, articulating very well, and other thing not many people have noticed is his active listening. he knows what’s best for his company, the maximum sacrifice he can make
@groobs
@groobs Жыл бұрын
🙌🙌🙌🙌🙌🙌🙌✨
@Archalias100
@Archalias100 Жыл бұрын
You can tell he’s midwestern by the way he’s so polite lol
@joseguarin115
@joseguarin115 Жыл бұрын
Lori with the “ you can’t fire me, I quit” energy lol
@MrDragonorp
@MrDragonorp 2 жыл бұрын
the dude stuck to his guns, respect
@shaunslays2151
@shaunslays2151 2 жыл бұрын
Glad to see this guy got exactly the offer he came in for. Brand awareness
@jonathanchen1026
@jonathanchen1026 Жыл бұрын
A business man who knows his worth. I’m glad he didn’t back down and settle for any of the sharks.
@kevindunlap5525
@kevindunlap5525 Жыл бұрын
I think it can appeal to most. Packaging and branding is spot on. The guy's father must be one of the proudest in the world. Although he was given the opportunity for free, he really ran with his education and self fulfilment. Many kids have been given similar opportunities and squandered them. Very nice to see, a pleasure to listen to.
@302bikelife
@302bikelife 2 жыл бұрын
He stuck to his guns and I’m glad that he did. That should signal his commitment to the company. $500k for 10% might have don’t the trick but regardless, his company will be successful.
@krishpansuriya9229
@krishpansuriya9229 2 жыл бұрын
watching shark tank is part of my routine now
@stoicboi5250
@stoicboi5250 2 жыл бұрын
Same bro
@cailyn7960
@cailyn7960 2 жыл бұрын
Me too! Hahhaa
@kartikradadiya7816
@kartikradadiya7816 2 жыл бұрын
Where are from? Guj?
@krishpansuriya9229
@krishpansuriya9229 2 жыл бұрын
@@kartikradadiya7816 yep surat
@KKokichi
@KKokichi 2 жыл бұрын
Yeah
@DapperTroy
@DapperTroy 2 жыл бұрын
A master class in keeping composure during negotiation. Well done on him.
@firemonkey1015
@firemonkey1015 Жыл бұрын
Idk why but this is my favorite guy on the show now, just his all around logical approach appeals to me. It’s definitely no wonder at all how he hit that 1 million so fast.
@EnochElijah777
@EnochElijah777 2 жыл бұрын
His family and employees should be. Very very proud of him, i know.i am and I dont even know him. He is very smart. He stook to his guns, did not compromise his goals, gave reasonable counter offers, and decided in the end to turn down the sharks greedy deals. This man will suceed without those sharks. Blessings on him and his fam ❤️
@groobs
@groobs Жыл бұрын
🙌🙌🙌🙌🙌🙌✨ and he got the pen and paper for doin the math to get it reasonable and right 🙌🙌🙌✨
@lynnloww5916
@lynnloww5916 2 жыл бұрын
Mark came back in because this man knows exactly what he’s doing. And declining the offer and taking 0 risks for his company was def smart too. His just advertised his company on shark tank which def boostened his sales!!
@sayanmukherjee483
@sayanmukherjee483 5 ай бұрын
This man is a persona of confidence ! Such a cool and composed guy.
@bekhosoceanfishing
@bekhosoceanfishing Жыл бұрын
09:17 Kevin gulping when he asked for pen & a paper. Priceless!
@KabbaModern03
@KabbaModern03 2 жыл бұрын
Mark's offer was the best, I know he would've brought A LOT to the business. From a Digital designer's perspective, I would have probably use some of the money to develop a few more products to allow the cheese bar snacks to be the hero products. He should capitalize on his branding on his website because his brand is super unique and that should translate on the website. Unique brands need to avoid Cookie -Cutter websites, but I respect his decision.
@B_Bodziak
@B_Bodziak 2 жыл бұрын
I make small 100% cheddar and 100% Parmesan balls to use as salad croutons. I love, LOVE cheese and will be looking for these.
@DJ-ys9pv
@DJ-ys9pv 2 жыл бұрын
I think that would cut into the cash flow too much, same reason he declined the royalty no?
@KabbaModern03
@KabbaModern03 2 жыл бұрын
@@DJ-ys9pv Yeah, I agree with you; product development is expensive but his website should definitely be designed better.
@maryahadams4382
@maryahadams4382 2 жыл бұрын
@@B_Bodziak haha
@imwithyou38
@imwithyou38 2 жыл бұрын
i think the big thing that mark could have done that he didnt see what put them at every mavs game and mark up the price since its a sports event but would still be cheap since everything is so expensive. that would have changed margins quite a bit. u sold these at mavs games for 3.50-4 dollars they would sell. that would change margins overall
@andrewfields8556
@andrewfields8556 2 жыл бұрын
This guy knew his numbers and his business so well. You can tell he's been doing this for a longtime and has thought about the numbers quite a bit. On top of all of that he is an extremely personable and likeable guy which makes the product even more palatable, believe it or not people don't realize the power of a strong and likeable personality/character to enhance the product that you are presenting. If there is something that I have learned on this show it is that half of the sale is selling yourself. Any business person calculates the individual's personality they will be dealing with, and what context the product was formed in and how everything is taken care of. Case and point: Mark Cuban was out in the beginning, but then you heard him say towards the end "I like David, I really like David..." and then Mr. Cuban came back in on the deal... Why? Because David sold himself which gave more value to the product.
@Nos7algiK
@Nos7algiK Жыл бұрын
Dude really knew he stuff, quite admirable if I do say so myself. Even walking away from all offers I'm sure many people took interest in his product by watching the show and this clip. I knew he sparked my interest and I'll give it a fair shot.
@danielmattos2813
@danielmattos2813 Жыл бұрын
If you pay attention you realize that this guy REALLY knows his business, no deal was made but I hope the publicity does the company well
@Advocata
@Advocata 2 жыл бұрын
I love when the sharks are actually customers of these moderately obscure products.
@roosterramon1314
@roosterramon1314 2 жыл бұрын
I’m going to buy some cheese from Him because He was respectful and a smart man. Love the fact Mark came back and Lori back out before He declined her was funny
@pauldavis5665
@pauldavis5665 Жыл бұрын
And he had a fine hat.
@reubenanthony2120
@reubenanthony2120 Жыл бұрын
This guy knows how to say NO politely and confidently....i admire him for that
@mindmanifestations4835
@mindmanifestations4835 Жыл бұрын
i like the way how he can actually get in the space where the sharks talk. Everybody was really listening to him unlike all the previous episodes i watched, when someone is explaining, most of them butt in and say non sense. This guy is destined to be great.
@wrenlinwhitelight3007
@wrenlinwhitelight3007 2 жыл бұрын
Just discovered this show. Absolutely captivating. I love unique innovators like this.
@thelastmanonearth2631
@thelastmanonearth2631 Жыл бұрын
Well there's about a million episodes, so you'll be binging for a long while! 😂
@stevethea5250
@stevethea5250 10 ай бұрын
​@@thelastmanonearth2631in perpetuity
@mylene_b
@mylene_b 4 ай бұрын
​@@thelastmanonearth2631I'm screwed too, I'm hooked on it. I only started watching it recently 😂
@mohitmorris
@mohitmorris 2 жыл бұрын
He didn't need the investment, for sure. He'll be singing his way to the bank because of the sales he gets from the millions that saw him on Shark Tank and order his products. Smart man!
@Vol.Trader
@Vol.Trader 7 ай бұрын
Lori's genuine burst of laughter at 9:33 is hilarious when the entrepreneur calls out Kevin. David is a sharp entrepreneur, not bowing into pressure, humble (talks about how he's a bit sad he couldn't get a deal for his wife and family), and is incredibly respectful of everyone. Hope his business is an incredible success!
@TopFightPicks
@TopFightPicks Жыл бұрын
this man was 100% prepared to be in the shark tank, cudos to him
@whyisblue923taken
@whyisblue923taken 2 жыл бұрын
Very good. At the end of the day, he got good exposure as an established brand without pissing off anyone. He got some bad offers. I was surprised by Kevin's offer because it was awful this time. Regular Kevin would have offered something creative like 10 cents until the initial investment is paid and 5 cents after that or 7 cents until $750,000 and 5% equity afterward.
@user-oc2nq5cd2z
@user-oc2nq5cd2z 2 жыл бұрын
This guy deserves all respect. He has a successful business. He did the right thing. Kudos to him.
@sabarishonline
@sabarishonline 5 ай бұрын
He just made a free ad on shark tank. He was not there to sell. Smart guy 🙂
@sampdickles5095
@sampdickles5095 Жыл бұрын
Lori, backing out after she realized that she's getting declined 😂😂😂
@Rickyexplores
@Rickyexplores 2 жыл бұрын
8:05 the way Kevin says that and then cuts to a zoom shot after is just gold Kevin is like the final boss after you just defeated his minions 😂
@mxrii_xx
@mxrii_xx 2 жыл бұрын
This guy got the point and was very professional, but not too serious. Great presentation.
@vignesh8811
@vignesh8811 9 ай бұрын
Daniel was immediately impressed when David gave the comparison of where they rank vs competition. Besides other numbers, this guy pays very close attention to almost everything and that impressed Daniel. @ 9:13 look at his body language when he hands over the pen & paper.
@xavim755
@xavim755 Жыл бұрын
Wow I'm shocked at how smart this guy is. He is the epitome of a great business man.
@litigioussociety4249
@litigioussociety4249 2 жыл бұрын
This is a rare time where I think the person pitching may have been smart to walk away. The business was already booming, and while I shark might have been able to help him skip ahead a year or so in growth, I think the equity or royalty cost would have cancelled it out.
@iamchanman4041
@iamchanman4041 2 жыл бұрын
10:05 you can see how Lori was impressed by this
@texasexotics9645
@texasexotics9645 6 ай бұрын
What a G! This man knows his value and stuck to it. I love that, hope his business skyrocketed after this!
@saifchowdhury3581
@saifchowdhury3581 2 жыл бұрын
I loved how the entrepreneur held his own!
@BigHesh
@BigHesh 2 жыл бұрын
He didnt need a deal !!!! He came in for the shark tank exposure !!!! We all know that we never seen his products anywhere lol now we know and that was his goal
@TheAbuFulaan
@TheAbuFulaan 2 жыл бұрын
I can’t believe you say that with such confidence and boldness as if you can open his chest and look into his heart to see what his intentions are
@andrewmckenley5355
@andrewmckenley5355 2 жыл бұрын
Agree with you
@TheFameWiki
@TheFameWiki 2 жыл бұрын
@@TheAbuFulaan 90% of people with shitty pipedream failing businesses that think they are worth gold are even very defensive about giving up large percentages. This guy's business is already huge and his family is rich, for sure he was comfortable with only getting exposure and was likely part of the plan.
@TheAbuFulaan
@TheAbuFulaan 2 жыл бұрын
@@TheFameWiki Or maybe he genuinely came to get a deal done but was not prepared to devalue his company? We should just stop with the assumptions. We don’t need to play judge and jury for matters we have nothing to do with
@TheFameWiki
@TheFameWiki 2 жыл бұрын
@@TheAbuFulaan I didn't say he wasn't there to get a deal, I said he was most likely comfortable with only getting exposure if that was the outcome as well.
@RalphVB
@RalphVB 2 жыл бұрын
I like this entrepreneur, he has the balls to stand up for himself and say what needs to be said, good on him. The only thing I would say is that he is coming to their table for help, and he offers them a chance at doubling their money. No investor would go on a boat with him like that. It's just not enough. The 15% From Mark was definitely a fair deal. He probably would have come down a little if pushed but 15% is fair, the guy is too emotional about his business but is forgetting he is asking for half a million. A blooming business that has been established a decade ago is worth the calculated value with those sales, but a company that only just begun has no stability and is therefore a huge risk. Any investor knows this.
@josephcheng5949
@josephcheng5949 2 жыл бұрын
10% equity + 5% advisory shares
@parthkoul7932
@parthkoul7932 2 жыл бұрын
Except, the company is already making high returns, with space to increase margins. Mark would be taking 15% of something that is already mostly built and just needs funding to expand
@JhitsfanfromPH
@JhitsfanfromPH 2 жыл бұрын
The business is already stable, he said he just want to increase margin by adding volume, but the sharks just wanted to make money out of him by doubling his workload and still get the same profit, he will expand, but he aint getting profit, just the shark
@CHANGINGTHEDUWA
@CHANGINGTHEDUWA 2 жыл бұрын
15% isnt reasonable that's why Mark said "fair enough" when the guy rejected his offer
@samwelmeja7683
@samwelmeja7683 2 жыл бұрын
15% for such an established company isn't a fair deal.
@HighFunctioningInsomniac
@HighFunctioningInsomniac Жыл бұрын
He was definitely polite and respectful.
@calebstephan2083
@calebstephan2083 8 ай бұрын
Lol he left Kevin and Lori speechless 😂. Lori felt so embarrassed that she just pulled out the deal instead of embarrassing herself further lol
@robrochon1034
@robrochon1034 2 жыл бұрын
This guy came on the show to advertise. Wasn't looking for a deal. Good for him.
@burndead
@burndead 2 жыл бұрын
Hands down one of the best or even the best negotiations on the show.
@Goodknowledge4522
@Goodknowledge4522 Жыл бұрын
5:43 Ms Swan impression 😂
@Erusparadise
@Erusparadise Жыл бұрын
I have a lot of respect for someone that can say no and walk away from a bad deal
@FancyHat44
@FancyHat44 2 жыл бұрын
I love when the companies are headed by business people who can go toe to toe with the sharks. Most of the time the sharks just dominate the negotiations but this guy was in the position of power the whole time.
@doobiestudios1107
@doobiestudios1107 2 жыл бұрын
The cheese dude seems to be a good guy. I wish even more success in his idea.
@akshittyagi1784
@akshittyagi1784 Жыл бұрын
Not willing to dilute even 1 percent extra equity! Now that's what we call an entrepreneur 👏
@alannashea6344
@alannashea6344 Жыл бұрын
He is smart! He is kind! I hope he gets everything he wants in life he deserves it! I’m going to buy his products now!
@RovinBarboza
@RovinBarboza 2 жыл бұрын
The most amazing contestant. His business will boom for sure. Nice. Not letting yourself carried away by the show plus doing good marketing of the product.
@B_Bodziak
@B_Bodziak 2 жыл бұрын
I make these at home and they are delicious. I've not seen these on my driver's shelves but I'll be looking for them. Compared to how much it cost me to make them, I personally think his retail price is too low.
@Lusol123
@Lusol123 2 жыл бұрын
he can do it a lot cheaper because of scale though
@claudeyaz
@claudeyaz 2 жыл бұрын
Half the people online say they are too espensive.. globalism has really stuffed us on filers and cheap products. Hell many people didnt like the taste..we have been raised on the taste of processed fake cheese...so people dont even feel familiar with real Wisconsin cheese. Crazy stuff
@xlncy
@xlncy 2 жыл бұрын
That's why he didn't accept that deal. Low price is his USP. He didn't want to ruin it with sharks
@DrakeOola
@DrakeOola 2 жыл бұрын
@@claudeyaz Are you really complaining that people don't like the taste of caviar, filet mignon, and lobster? Shame people don't like expensive foods... 💀
@Coryw133
@Coryw133 2 жыл бұрын
I've noticed a lot of people get caught in the sharks offers, whether it's excitement or desperation for cash flow. David is not like them, he knows his worth and did not get lost in the excitement. Well done, and stay cheesy my man.
@Achumama
@Achumama Жыл бұрын
Even with the cheese hat and tie, still looks smart and intelligent in the show. 😂
@stevejones5075
@stevejones5075 2 жыл бұрын
He'll be fine. Shark Tank will boost his sales for sure, they have a great product
@Hotobu
@Hotobu 2 жыл бұрын
He could've held onto more equity with Mark if he gave him a small royalty. He could've said 7.5% with a nickel royalty until Mark recouped half of his investment.
@syedhaider0916
@syedhaider0916 Жыл бұрын
For sure the calmness this man had is freaking amazing
@kylecastillo7676
@kylecastillo7676 Жыл бұрын
I was so busy admiring the hat, I barely noticed the tie LOL
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