Comments on: The Deal You’ve Never Seen http://inthesharktank.com/2009/09/the-deal-youve-never-seen/ Can You Swim With The Sharks? Thu, 09 Feb 2012 01:57:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Florgo http://inthesharktank.com/2009/09/the-deal-youve-never-seen/comment-page-1/#comment-500 Florgo Fri, 16 Oct 2009 20:17:47 +0000 http://inthesharktank.com/?p=338#comment-500 I found their website! www.drinkdreamwater.com Pretty cool stuff I found their website! http://www.drinkdreamwater.com Pretty cool stuff

]]> By: Mr. X http://inthesharktank.com/2009/09/the-deal-youve-never-seen/comment-page-1/#comment-499 Mr. X Tue, 22 Sep 2009 22:10:16 +0000 http://inthesharktank.com/?p=338#comment-499 This was a bit entertaining to watch. The deal was something that shouldn't be taken, but in Vincent's mind I'm sure it's better than nothing. I'm sure he'll do fine either way. Either way, there's another web-only video that's been posted. This time, it's a "cleaning company". Here's the url: http://youcrazychickens.blogspot.com/2009/09/flexsweep-never-before-seen-pitch.html This was a bit entertaining to watch. The deal was something that shouldn’t be taken, but in Vincent’s mind I’m sure it’s better than nothing. I’m sure he’ll do fine either way.

Either way, there’s another web-only video that’s been posted. This time, it’s a “cleaning company”. Here’s the url:
http://youcrazychickens.blogspot.com/2009/09/flexsweep-never-before-seen-pitch.html

]]> By: Patent and Trademark Attorney http://inthesharktank.com/2009/09/the-deal-youve-never-seen/comment-page-1/#comment-498 Patent and Trademark Attorney Tue, 22 Sep 2009 14:24:51 +0000 http://inthesharktank.com/?p=338#comment-498 My thoughts: He shouldn't have taken any such deal. They tend to invest in two types of people - 1) The person who needs to give no equity or 2) The person who hasn't a clue. In this case, he could make sales without them. Get a bank loan, borrow from relatives, whatever it is... he needs the money to make inventory. Once he makes sales, he'll have more money. He doesn't need to give away his company. He'll end up with nothing. My thoughts: He shouldn’t have taken any such deal. They tend to invest in two types of people – 1) The person who needs to give no equity or 2) The person who hasn’t a clue. In this case, he could make sales without them. Get a bank loan, borrow from relatives, whatever it is… he needs the money to make inventory. Once he makes sales, he’ll have more money. He doesn’t need to give away his company. He’ll end up with nothing.

]]> By: Mr. Comeaux http://inthesharktank.com/2009/09/the-deal-youve-never-seen/comment-page-1/#comment-497 Mr. Comeaux Mon, 21 Sep 2009 05:05:38 +0000 http://inthesharktank.com/?p=338#comment-497 The problem here is two-fold: 1) He can LOSE his company or be bullied out by only having a 49% share. This happened to my Uncle with his sign company which subsequently ruined him and he is still trying to recover. That's why these are shark deals. Barbara shared a similar story a few weeks ago. Vince didn't take the time to think it out, he didn't take the time to find out what Robert can bring or is willing to bring to the table for the 51%. As I've learned more time lapses during these negotiations than we see, (as much as 45 minutes with one negotiation in particular) but I didn't see any sort of critical thinking on his part. I think he went in knowing what he would be comfortable taking, but I think he was comfortable because he didn't have enough information. 2) I feel like he shot Barbara down too quickly partly because she was a woman, and partly because of the scope of her expertise. I think Barbara really might have had the same limitations as has Robert with this particular product. Vincent choked up, and it's understandable, but I don't know that he made the best deal for himself or his company, which is a great idea. Phenomenal really. Thoughts? The problem here is two-fold:

1) He can LOSE his company or be bullied out by only having a 49% share. This happened to my Uncle with his sign company which subsequently ruined him and he is still trying to recover. That’s why these are shark deals. Barbara shared a similar story a few weeks ago. Vince didn’t take the time to think it out, he didn’t take the time to find out what Robert can bring or is willing to bring to the table for the 51%. As I’ve learned more time lapses during these negotiations than we see, (as much as 45 minutes with one negotiation in particular) but I didn’t see any sort of critical thinking on his part. I think he went in knowing what he would be comfortable taking, but I think he was comfortable because he didn’t have enough information.

2) I feel like he shot Barbara down too quickly partly because she was a woman, and partly because of the scope of her expertise. I think Barbara really might have had the same limitations as has Robert with this particular product. Vincent choked up, and it’s understandable, but I don’t know that he made the best deal for himself or his company, which is a great idea. Phenomenal really.

Thoughts?

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