Larq Has The Highest Valuation Ever On Shark Tank! | Shark Tank US | Shark Tank Global
Justin Wang is seeking $500,000 for 1% of his company Larq, which sells self-cleaning water bottles that use UV light to purify water.
From Season 12 Episode 21
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Larq Has The Highest Valuation Ever On Shark Tank! | Shark Tank US | Shark Tank Global
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Пікірлер: 2 800
I really appreciate his confidence after missing the bin two times in a row.
@castbuildinginc4501
Жыл бұрын
He needed a bigger bin
@budgettech5526
Жыл бұрын
Because he wasn't focused on that goal, his goal was to get a Shark and instead he got two.
@mememagicisreal884
Жыл бұрын
How much are their company worth now?
@2egenjerry
Жыл бұрын
Missed two throws but got two sharks lol
@littlejack59
Жыл бұрын
confidence? 4:33 ya he is showing off his confidence
Justin knew exactly what he was doing. Gave the sharks the lowest value to work with and gave up 4% only. Well played.
@ebitdareadthebook1535
Жыл бұрын
That plus he got the free promotion of having his product on shark tank. Talk about a win
@nabeelkhan51100
Жыл бұрын
Lowballing 101
@biggdogg33
Жыл бұрын
It’s just an verbal agreement. It not 100% final yet. Half of Lori deal don’t get finalize.
@squeallymaniac
Жыл бұрын
@@biggdogg33 really? Wow
@Gabor123
Жыл бұрын
A million doesn’t get him anywhere to take it global.
He missed the basket twice, got laughed at, could barely pour water his hands shaking so much, and he kept it together to negotiate a close on a super aggressive offer! Big brain move! He definitely fudged the valuation to get it where it landed, all planned out before walking into the tank! Bravo!
@charlyrob7334
9 ай бұрын
At 3:25 we have the switch. Mark cuban is laughing at him how with only 2 years he is valued at that price. Then, just 10 seconds later, Mark's face completely melts down after hearing the sales.
@michaeldoran4367
5 ай бұрын
@@charlyrob7334MEATY KOK WHIPPED OUT AT YOGA CLASS. WOMAN WHIPS OUT A HUGE KOK AFTER SHOWING HER BULGE TO THE YOGA TEACHER😅😮😊
@deadboltzz5199
3 ай бұрын
These deals aren't set and done once they say you have a deal 😅 it's pretty well documented
@cbrreezzyy69
3 ай бұрын
This company is big enough and has enough investors that he went in there knowing the exact amount he could give away and at what price and wouldn’t budge. He wasn’t going for anything less that $32m valuation.
@SPQR_14
2 ай бұрын
He didn't "fudge the valuation" if he already had a round of fundraising... the valuation was already set by previous investors.
This guy is a sharp cat. His presentation and answers were precise and incredibly winsome. He went fishing in the Sharks and got what he wanted. Great job
@mauriciosolano9342
Жыл бұрын
He stopped few time He isn't flawless, but He did amazing I'll give it to him
@yash4650
Жыл бұрын
@@mauriciosolano9342 true. Enterpreneurs give up negotiation after a counter or two but he was still very firm
@kokong29446
Жыл бұрын
His aim for that bin was nowhere near precise though😂
@itsjustpersonalizedviews
2 ай бұрын
Chinese guy
@twentysixlinx327
24 күн бұрын
His answers were physically appealing and handsome??? 😂
This guy is very smart. They laugh at him with that over the top evaluation but he almost got exactly what he wanted.
@maahir9
Жыл бұрын
I mean he literally got 1/2 of the evaluation he came in with, that isnt almost exactly what he wanted.
@MustangGT2024
Жыл бұрын
@@maahir9 I feel like he intentionally came in with a crazy evaluation to make anything more attractive seem valuable for the sharks.
@alstraka
Жыл бұрын
He got 50% of his original valuation
@Call-me-100
Жыл бұрын
and better almost
@hdudhehdhd2222
Жыл бұрын
@@maahir9 no no, he purposely gave an over the too evaluation. That way, when they “negotiate” to a higher equity, he actually gets what the company is really worth and loses nothing. Essentially, u give the highest pricepoint and anything lower seems like a good deal for the sharks
I like how he looked them and continue his presentation after all the sharks laughed at his valuation.
@digibitonline9223
Жыл бұрын
Barbara: And for that reason, im out
@stephennguyen6124
Жыл бұрын
U like it? I would laugh too if was asked for 500 k for what? 1 percent?
@jasond82
Жыл бұрын
He’s a shady chesh
@bakashinji
Жыл бұрын
@@digibitonline9223 fax, barbara is the worst shark
@greatleecher2404
Жыл бұрын
@@stephennguyen6124 If their product really does what he says it does then it could be a game changer in the market
I really enjoyed Damon's reaction to finding out how much he paid for the bottle 🤣🤣 dude was caught off guard
@chexnfx7161
Жыл бұрын
So detached that he doesn’t buy anything himself and his a house manager do it haha
@earthstronglifestyleesl4452
Жыл бұрын
How he not know how much he pay for it
@cheshirehat93
Жыл бұрын
@@earthstronglifestyleesl4452 When I am in a position where I have a lot of money lying around, and then I see something I like, I usually buy it along with the other stuff I need and then look at the balance for a rough estimate of how much money I`m spending at the end of the month. He probably did check how much it cost him for a split second while throwing it in the cart for a simple yes or no answer and then his brain promptly deleted that information.
@user-xh3qg8yl7x
Жыл бұрын
he realized he was scammed
@dh4444
Жыл бұрын
@@user-xh3qg8yl7x nah larq is great.
First time I ever saw someone finesse the sharks like that. He walked in the room offering 1% and they all laughed at him. He walked out with $1mil of their money and still owns 96% of his company, well done.
@muneebjatt2004
Жыл бұрын
You can say 65% because he said he got 6.7M for 31% of company in his recent investment rounds
@MultiJejje
Жыл бұрын
Owns 96& of this company? Can't believe people don't listen what the guy said. Doesn't own that because he raised money like Muneeb said. And that comment has 40 likes now.
@Anna_b360
Жыл бұрын
@@MultiJejje it’s not that people don’t listen, but just because someone watches Shark Tank doesn’t mean that they understand the ins and outs of shares and businesses
@iDrraaaK
Жыл бұрын
No and no. That guy is extremely smart tho, yes. He didnt finesse them. His offer was legitimate, his valuation is not insane at all if it's been proven to work because they have the technologies patented. This is quite likely worth billions down the line just with licencing and patent usage. And Mark knew it instantly but did not want to discuss such a deal on a tv show. He did THEM a favor by giving up this much equity, and expected also a lot in return thus why he proposed advisory shares. He values their expertise, network and time much more than their money, rightfully so. And no he doesnt own 96% of the company, this is not a small business. He has co founders, he has VCs inboard. I'd be extremely impressed if he even still owned more than 55% after this deal.
@resa574
Жыл бұрын
@@iDrraaaK smart but has an actually decent product so he has some leverage Personally don’t see too much value in the product but I could be mistaken! The alternative is washing your bottle and pouring in clean water everyday
This guy is smart and knows investing, numbers, and negotiates like a pro. His company is gonna have a bright future
@josec439
Жыл бұрын
Or a watery grave
@GamingwithCasss
Жыл бұрын
@@josec439 currently valued at over 50 million dollars with anually revenue of 30 million. I think he ia doing pretty good. Plus in this episode he said he legit had 6.5 mil in the bank and didnt have to spend a lot of it.
@SweetChicagoGator
Жыл бұрын
A bright future you think, at $95 a bottle??? 🙄🤪
@afrizal8275
Жыл бұрын
@@SweetChicagoGator then his product is not for u. his product is doing well.
@SweetChicagoGator
Жыл бұрын
@@afrizal8275 Don't believe u would pay $95 per bottle? Barbara Corcoran is spot on with this guy's BS story, 100% !! Very smart shark ! Few consumers would bother maintaining, cleaning a single bottle everywhere they go?! Nonsense !!
4:35 look at him shaking when pouring that. He was so nervous but yet he stayed calm and achieved what he wanted. Smart man!
@zf5656
Жыл бұрын
didn't seem to care that he was missing his shots with the water bottle lol
@vyndecimibd
Жыл бұрын
Yep, you could hear his voice trembling
@Crazymadmatty
Жыл бұрын
Wouldn’t you be nervous in a room with them hahah
@jamyncarter1847
Жыл бұрын
Do we have the same name?
@lealp
Жыл бұрын
he seemed very nervous and at the same time he didn't seem nervous lol
His response to Daymond John going out was the most professional comeback I've seen. I love that guy
He made every percentage point look so valuable, didnt lower the valuation, and kept the trust with it, best strategy is to maintain the trust, no discounts just little room for back and fort. I really think he set the bottom line for 2% for each 500k
@blablabla1000able
Күн бұрын
He cut the valuation in half
Barbara: I love your product. I think you're fantastic, your business is phenomenal, and your valuation is perfect. I've been waiting for years for someone like you to come into the tank; in fact, I dare say you are the single greatest entrepreneur we've ever seen, with the greatest business we've ever seen. This product will change hundreds of millions of lives for the better, and generate hundreds of billions in revenue. I think you're beautiful, and I love you. For those reasons, I'm out.
@quentinhayes9629
Жыл бұрын
LOL!!!!!! I knew how this was gonna end and it still has me crying laughing 😂😂😂😂😂😂😂😂😂😂😂😂😂😂 Barbara jokes are top tier comedy!
@ishaanvora
Жыл бұрын
That's so apt!
@billrobinson7205
Жыл бұрын
🤣😂🤯☠
@JAMINDARCH
Жыл бұрын
Kate your awesome
@B10023
Жыл бұрын
Barbara wasn’t even on this episode, and for those reasons, you’re out.
Barbara: When I was a little girl we had to boil our water to cleanse it and I think you’re looking for shortcuts. Let me tell you something my friend, there is the right way to do things and then there’s the easy way to do things. I think this product shows that you are a slacker and for those reasons I’m out.
@persiancat1116
Жыл бұрын
Hahaha
@crodyyaaroni_6554
Жыл бұрын
So accurate 😂
@Mrbikecrazie
Жыл бұрын
Barbara is that You 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
@fernandodatil2740
Жыл бұрын
😂😂🤣🤣🤣
@fernandodatil2740
Жыл бұрын
I read this in her voice
Bro is actually a hidden genius. Left with exactly what he wanted. Make the first offer absurd, but then get a good offer from the sharks.
This has got to be one of the smartest guys they have had one the show. He really understands deal structure and his product is awesome!
I really like Mark's insight here. He's right. Shark Tank is not about further growing multi-million companies, but providing a platform to help those who are just starting and need some help. On another more elite platform, I'd invest in this, but not on Shark Tank.
@chrisc1926
Жыл бұрын
True, he's the only one with enough money to have that type on integrity. The others saw a legitimate safe bet here
@user-cl8zx6os8u
Жыл бұрын
WAIT AN OMANI DUDE ?!!
@groovyclintt62
Жыл бұрын
Damien literally said the exact same thing before Mark…
@YebberCaughtYou
Жыл бұрын
@@chrisc1926 no that’s not true daymond often dismisses these pitches and even gets upset with them, there’s a reason daymond and Mark hang out the most with each other outside the tank
@gryu325
Жыл бұрын
I agree with Mark's idea, but it makes no difference for investors where you invest in this show or the other. SharkTank doesn't get a % off anything successful deals.
If this thing not only cleans the water but also purifies harmful water, that’s amazing.
@JudgeDredd888
Жыл бұрын
Yes it does, the UV remove also harmful minerals, impurities and poisons from the water....yes yes...believe it.
@greasyguido
Жыл бұрын
No, Jenni Turtle Burger, it is YOU that are amazing.
@BootyWonka
Жыл бұрын
@@greasyguido simp
@kennethmay6343
Жыл бұрын
Could change lives forever if that was the case, have you seen those other products like the straws you can just drink from straight from a dirty river? Looks crazy
@mattcarroll4058
Жыл бұрын
I’ve had it for a while, maybe around 18-20 months now. Battery life is insane and I’ve never had to clean it once. They have cheaper options which is what I got, idk how the base model works
Guy was a great negotiator. He did his homework on the Sharks, and I think he ended up with the right 2.
Great business man. Came prepared and didnt overhype his numbers. Great negotiator, was humble and secured it. Great pitch
Barbara: my body is 70% water, so for those reasons I'm out. Jokes aside good episode love Mark Cuban
@ImpulseDETT
Жыл бұрын
LOL
@Magnus..
Жыл бұрын
I am dying 😭😭😭
@PikachuODST
Жыл бұрын
He never makes deals
@fluxator3116
Жыл бұрын
@@PikachuODST He's made the most deals of any shark though.
@tonyz5822
Жыл бұрын
Dead 🤣
Lori really does try to get behind the product and understand it. She was asking so many questions, it’s great to see that she’s genuinely interested and try to understand the product before investing her money, very smart shark.
@nickphillips664
Жыл бұрын
She’s the best one up there
@HawkstaBeard
Жыл бұрын
@@nickphillips664 and I don’t think it’s even close
@Baph839
Жыл бұрын
What you said is correct, however, that's not the main intention. The main intention was to see how well educated the guy is about his product, and how clearly he can pass the information through.
@user-sv5kt8qz3v
Жыл бұрын
@@nickphillips664 simp
@notori-di5et
Жыл бұрын
She ain't a PhD students so that understandable
Lol at Robert getting out because it was "too complicated". Lori and Kevin didn't blink ONCE at staying in. Good for them!
I've had this pitcher for roughly 4 months, it is great. I don't like Brita water, so I've been using plastic bottles for years, at least a case a week. I still but plastic bottles for when the pitcher runs out, but I buy waaay fewer of them. The Larq pitcher has the best tasting water, hands down.
Barbara: I don't ever drink water, I drink soda for those reasons I am out.
@sadamofficial6986
Жыл бұрын
🤣🤣🤣🤣🤣
@sinzyi2836
Жыл бұрын
Pop* 😏
@varunponnala873
Жыл бұрын
😂
@SweeZ123.
Жыл бұрын
Lol
@SpencerHeckwolf
Жыл бұрын
🤣😂🤣😂
Barbara: You missed the bin twice, for that reason I’m out !!!
@Magnus..
Жыл бұрын
😭😭😭😭😭😭
@snjvbss
Жыл бұрын
🤣🤣🤣
@clammygalaxy4062
Жыл бұрын
I love this😹😹
@justinwang7486
Жыл бұрын
I guess that's why I don't play for the mavs
@ParishArmstead1680
Жыл бұрын
😆😆😆😆
he played the shark tank. the tank didn't play him! he was in control of the entire time! well done!
I have three of these bottles and very happy using them since 2020. No more plastic bottles wasted. Great for the environment.
@nodoubt815
Ай бұрын
do you need to wash the bottles with water and soap ever?
@rebekahtablante327
Ай бұрын
Where do you buy them?
Him continuing with his pitch while they cracked up made it even funnier.
@xhongxinax
Жыл бұрын
I think it was a badass moment from him. He knew his valuation would be controversial. But only when Lori asked he revealed his Sales and his Valuation was actually good when u keep in mind that the sharks always negotiate down.
@eric20ify
Жыл бұрын
He had to lol
New to shark tank but I am living for this Barbara slander and it’s well deserved 🤣
@BitterComments
Жыл бұрын
She’s not actually bad. It’s just fun to go along with the joke.
@jac5511
Жыл бұрын
She’s very funny herself. They’re all funny sibling rivalry type characters. But I agree, the Shark Tank community is hilarious!! I’m about a week in myself 😂
@harry8912
Жыл бұрын
Kevin buying brooms for her is my favorite.
@FroggyBunwich
Жыл бұрын
@@BitterComments I used to see her that way too until the Wanna Date episode. She's pretty bad.
@morgancason6876
Жыл бұрын
why?
Thank you Damien! Thats real reason shark tank should work. These guys can find any good business to invest in without shark tank. Help the little man without the resources. 👏👏👏
"I've done a lot of hardwork don't interview me 🤓"
@peterfehr7441
23 күн бұрын
Robert got all up in his feelings and missed out. The other 2 and the entrepreneur did not bat an eye.
@RealFreshDuke
9 күн бұрын
@@peterfehr7441 Not the first time for Robert to act like a baby...
@lakerspackers11
7 күн бұрын
I didn’t like that. Felt he had to let everyone know he’s a big shot or something
He was transparent, said exactly what he wanted and was willing to get nearly that but kept it cool under pressure. Glad 2 sharks picked him up on the offer. Plus the product is great for the world. I'd be on too on this product.
@Gabor123
Жыл бұрын
“Great for the world”? This is not a UNICEF product. Only middle to upper class germaphobes will buy this. Like one of the sharks mentioned already.
@picanha694
Жыл бұрын
Not for 1 percent
@Johnz4561
Жыл бұрын
HD g pop 0
He didn’t even get 5 words in and they were already laughing like the devil!!! Lol 😭😂
@loganswalk8621
Жыл бұрын
500k for 1% I would be laughing too.
@SweeZ123.
Жыл бұрын
Lol
@noyapp9852
Жыл бұрын
@@loganswalk8621 but they did it for 2% lol
@jesaiasakuma290
Жыл бұрын
@@noyapp9852 2% each
@yanglu9555
Жыл бұрын
I would totally do the same thing. Investors always want a chunk of the company, but that evaluation was laughable.
Notice how he wasn’t faced and kept going. Nerves of steel. Great confidence and was focused on the end result.
LOVE to see professionals negotiating on Shark Tank!!! Much respect! My favourite product so far!
@focalwater9591
Жыл бұрын
Did you buy??
One of the first products I have purchased not even knowing its was featured on Shark Tank and it has worked flawlessly
I was in the very first group of kickstarter backers. They took forever to deliver, but it's still an absolute staple of my daily life, and the battery seems to have not yet missed a step. Stoked to see them doing so well.
Well played! He knew if he offered a Higher percentage then the sharkdf would go higher than what he offered. He actually won instead the other way around lol he's a Shark aswell 🤣
@lottonthewizard4352
Жыл бұрын
Yep some good old reverse psychology.
I could feel his anxiety and nervousness but he stuck with it and finished strong.
@Scott-got-caught
Жыл бұрын
That's what she said
@AimForTheBushes908
Жыл бұрын
@@Scott-got-caught 😂
This guy knows the ins & outs of a sale pitch, and knows his product worth the investment. Despite the sharks laughed at him, he maintained his cool and carry on. Very solid pitch.
That’s the most in depth negotiation over a deal I’ve ever seen on this show.
I loved hearing the financial intricacies, but Mark is totally correct
This guy came in blazing. The quiet confidence made me root for him.
Larq didn't come for the money, he came for the Value and he got it at a fair price.. Well Played
@ihavenoname6724
Жыл бұрын
He came to advertise his product
@tessiepinkman
Жыл бұрын
@@ihavenoname6724 Yeah, heard the deal with Lori and Kevin never even closed. Wonder who pulled out? Could be because he raised about $10 mil some weeks after this was filmed, and then another $11 mil some time later. So those % he would have had to give up in his company for "just" $1 mil feels quite unnecessary, if you ever could say that about $1 million. I'm not 100% sure in these numbers - it's something I just heard from people I know who follow things like this and live in the US (I'm Swedish and live in Norway), so don't cuss me out if I'm wrong :) But I think you're right, he went on there to maximize the visibility of his company, and it was and still is a *great* strategy.
when he was pouring the water into the cup i saw his hand was shaking.. but he did amazing! great job!
He is the shark above sharks. Just loved him. What a product man.
You can see his hands shaking while he is pouring the water. It's not easy! Brave dude
We backed this project during the kickstarter. Best purchase we made all year. The white pitcher farthest left is a phenomenal product.
@jokerrhe
Жыл бұрын
what do u get from it? shares in return?
@thomasjones3277
Жыл бұрын
@@jokerrhe we get a ….. pitcher that filters water. ??? I think this is implied.
@jokerrhe
Жыл бұрын
@@thomasjones3277 oh ok never did a kickstarter. I thought it involved some ownership of company not just a sample
@thomasjones3277
Жыл бұрын
@@jokerrhe no…not at all. You commit/invest $$ to a product/idea. They send you a product later. Normally an alpha or beta.
@jokerrhe
Жыл бұрын
@@thomasjones3277 ok thx basically a smart way to get pre orders for an idea.
How he handled them was pure class❤️
I love how the judges are crying laughing, and he's just ignoring them, and continuing to talk
Robert's line at the end was classic: "I don't need you to interview me". But in the end that pride lost him
@NamaDoodoo
Жыл бұрын
Mega ego trip
@justosmif909
Жыл бұрын
Look into his business it’s doing amazing
@DayquanDamas
Жыл бұрын
they never closed the deal.
@superior2219
Жыл бұрын
@@DayquanDamas yea they did
@DayquanDamas
Жыл бұрын
@@superior2219 I didn't research it. Just saw a previous comment
Barbara: “the aliens in the movie Signs didn’t like water, for that reason I’m out.”
@maxpowergaming462
Жыл бұрын
Best one I have read yet
@Angelo-ix9to
Жыл бұрын
Using the Maggie Simpson voice
Would love to see the uncut version of this pitch. I know pitches last 1.5-2 hours usually the sharks have said. The guy clearly knows financials. Either banker or has had prior exits.
Robert is a great partner but I think Kevin and Lori excluding Robert was actually WAY better for this guy, he even gave up less equity.
Bro really wanted the sharks and not just the publicity like you would expect from someone coming in with that valuation. Respect to this guy, he kept his composure, they even laughed at him but kept going.
Really love this dude's confidence
I purchased one of these water filter pitchers after watching this. And I love it. The water has a taste to it where I am at. The place is a little older. We use this for our water. And the taste is completely gone. Taste better than Bottled water.
"I have my reasons and for those reasons I'm out" - Barbara
Kudos to him for staying the course and not freaking out while they laughed.
I bought this bottle and it’s incredible. Very expensive but it gets the job done and is very easy to use.
Damn, this guy came in with the highest valuation ever, he was laughed by it but he ended getting a major deal at the end. It shows when you are confident in something, nothing can go wrong.
@nhatho1723
16 сағат бұрын
It's not enough to be confident. Confidence without competence is just delusion. Luckily, he was both.
This is the definition of being a shrewd negotiator. Price high, to get talked down to your asking point. You get your asking point; they feel like they got better than the original offer so both parties go home happy unknowing of what just happened in the sale. Not that any of the Sharks are dumb by any means, but there was definitely a game of Yahtzee going on.
This guy played the Sharks like a seasoned Professional. He used the simplest negotiating tactic ever; offer something of value, ask for A WHOLE LOT MORE than you need, then settle more than you really wanted.............
@jenniturtleburger3708
Жыл бұрын
Yep, I was super surprised they took his offer at 2%. Basically he way overvalued it, then cut the evaluation by half. Also I thought there was some rule where you have to get the evaluation you asked for. Recently Cuban was saying something about how Richard Branson must have never seen the show because he didn’t know that (or something very similar, I’m still not entirely sure how that works) but the interview was about when Branson threw a glass of water on Cuban. You can look up the video where he talks about Branson throwing water on him. I think it’s a flip from the Impaulsive podcast Cuban did.
@gaetanbouthors
Жыл бұрын
@@jenniturtleburger3708 the rule is to not offer less than what they asked. They can change the % of shares or offer more money
@goldenboatcaptain
Жыл бұрын
@@jenniturtleburger3708 it’s worth 50M now so I don’t think it was “way overvalued”
@jenniturtleburger3708
Жыл бұрын
@@goldenboatcaptain yeah well it also could have crashed.
@jenniturtleburger3708
Жыл бұрын
@@gaetanbouthors The sharks can’t offer less? So they can offer less money, it can ask for a higher percentage right?
I love how he hit the rim the first shot and it went out. Then, I thought he was gonna nail the second shot and wiffed it but both times didn't acknowledge it at all haha
Phenomenal...he had a plan and exeuted it perfectly!! Bravo!!
This guy knew what he was doing, I enjoyed this conversation
I love when the Sharks laugh at the valuation. LOL
@victorespino5650
Жыл бұрын
Then they buy in at a better one
i like Damon and Marks answer they didn't sign on to this platform to make the rich richer. I respect that
Love it when the respectful guy laughs last
This guy was brilliant. Loved his counter offers :)
First time I've seen something I want on Shark tank.. glad they made the deal..the water filtration system was a good design too.
LOL I just watched this man single handedly play with the sharks 😂 GOOD FOR HIM
I bought one of these back in 2019 and it still works great.
I agree with Robert. That deal structure was so convoluted that *I* was saying “I’m out.”
@testuser2505
Жыл бұрын
Robert is a fool. Everyone has done their work to be where they're, no need to bring I'm bigger than you everytime. Glad he didn't take Robert on the journey. No need of egoistic partners.
@BitterComments
Жыл бұрын
@@testuser2505 “No need for egotistic partners.” *Partners with Kevin O’Leary.*
@testuser2505
Жыл бұрын
@@BitterComments Kevin has the least ego on the show, he knows he isn't their first choice, yet makes offer to almost all pitches.
@stephennguyen6124
Жыл бұрын
@@testuser2505 dude was making it so complicated though, a lot of the times on the show the audience watching the show isn’t confused but this guy straight up just made it confusing. Yes it’s still a business but the fact that even the investors said it was complicating, u know it’s complicating.
@rafaelrondon1813
Жыл бұрын
That’s ridiculous. Taking a lower valuation then he already has is terrible strategy. It makes the company look weak
Love how Ms wonderful is strictly business 🤣🤣 4:11 to 4:15 while everyone else is laughing he is “it costs you what, to make it?” with the straightest face ever
@AkshayRPawar
Жыл бұрын
The laughing is cut short, it's edited for youtube. They all might have laughed and then became serious
@squeallymaniac
Жыл бұрын
"Ms" 😂
This video is the perfect lesson of life. You just be you, no matter what your surroundings will say.
i love how ehen robert went out he gave them an even better deal i hope it was personal
Update : they are on way to generate a revenue of over $30million for the year of 2022.
@Diderito
Жыл бұрын
Thanks for the update, its always nice to see updates
@wealth.mindset-_-
Жыл бұрын
@@Diderito their net worth is about 50 million dollars
@loser3357
Жыл бұрын
@@wealth.mindset-_- 😮
@cow...5539
Жыл бұрын
Their net worth is 50 million BECAUSE of this deal. That was the entire point of this pitch. Larq didn’t need the money. They wanted to use the sharks to increase the valuation of the company to 50m. This is also why they did 2% upfront and 2% non-contingent advisory shares: so that he could ensure a 50m valuation.
@EdwinChenLoo
14 күн бұрын
There are $25 - $35 UV water bottles in the market. He recycled an idea and got free exposure.
Barbara: "Barbara isnt here right now. And for those reasons im out."
I have the 17oz, and 32oz both single wall non-insulated versions for greater internal volume (plus I like my water room temperature). I have the standard cap, uv-c cap, and the filtration cap. I must say that this versatile, scalable system is a game changer when it comes to hydration on the go. I may even switch over to their water pitcher from Zero Water after a bit more research.
@michaelkupfer3723
8 ай бұрын
The Sun emits uv light at a much stronger rate than any small bottle cap ever could...and still the planet is full of bacteria and germs. You have been scammed
@travisford2095
7 ай бұрын
Will you reply to this?
They laughed at him but he was smart, he basically offered them an offer they would never accept and got free advertising
i love how the comments are about Barbara being out XD and she is not even in this episode.
This guy is slick. He's been in these negotiations many times over. I wonder what he thought of the deal afterwards.
“I don’t need to get interviewed by you” that was great!
This guy really like his advisory shares.
AMAZING product! I've always hated water bottles for the reasons he stated.
@Editnamehere
Жыл бұрын
Be thankful you have access to water. Instead of complaining. You ghav.
@focalwater9591
Жыл бұрын
Did you buy??
@cndungu
Жыл бұрын
@@focalwater9591 Not available in my country.
@jaybruno3571
Жыл бұрын
I got the pitcher and its amazing, water tastes so much better and cleaner
@anonymousbrowsing2909
Жыл бұрын
@@focalwater9591 i bought it like 4 months ago . I don’t know if it works , but i like the idea
to be honest it is worth around 50 mil rn so he wasnt wrong
@chrisvinciguerra4128
Жыл бұрын
But it wasn’t then
@matthewtobkin7535
Жыл бұрын
It was not worth that when he pitched. He wasn’t even profitable yet
@xsah2
Жыл бұрын
@@matthewtobkin7535 a lot of people pitch on what they will be and he knew he was going to hit that valuation and his sales pointed to it
@jdrodrigues7
Жыл бұрын
Time Value Money fundamentals say “a deal is only worth what it is worth >Today
@asmith140
Жыл бұрын
@@jdrodrigues7 mmm actually no tvm is used to calculate present value which in fundamental valuation theory is the sum of all future cash flows. But I’ve always just thought it was simpler to say something is worth what another person will pay for it haha
The Sharks laughing when he said he was offering 1 percent was hilarious 😅
Intelligent and a good communicator.
Damien was on point by saying those people don't have $90....spot on
Barbara: I am a shark and i already am in a water tank and i have plenty of water around me, so for that reason I'm out!
Worth watching twice! Amazing pitch 👌
This guy's awesome. I saw him shaking when he was pouring water 😅😂
Dude's hand was shaking pouring that water in the pitcher. Kept his composure though.
They have had uv filter tech for a long time for commercial and aquatic applications he was able to apply it for home and practical use great job
@cch1002
Жыл бұрын
It would have to have crazy battery power for this to really work people have been pushing this for a while and it hasnt caught on for a reason
@jaybruno3571
Жыл бұрын
@@cch1002 we charge our filter 1x every 2 weeks, its amazing
@Haarschmuckfachgeschafttadpole
Жыл бұрын
It's a SCAM. SCAM SCAM SCAM SCAM. UV-C LED's are almost always fake. For it to be real it would release ozone which is highly toxic. Actual REAL UV-C filtration systems use mercury vapor lamps and are securely enclosed.
@THEGREENHELIUM
Жыл бұрын
@@jaybruno3571 it was inevitable we just needed the technology to be compact, meaningful battery life and waterproof.
Thank you very much for this very helpful informative video!
@Kathygale
Жыл бұрын
@Andrea Schütz All you need is a professional trader to avoid making losses
@georgeta1115
Жыл бұрын
That is true, you need an expert broker and account manager to make good profit from Bitcoin trade.
I came here thinking this guy was gonna be a clown but turns out he gave one of the best negotiations on the show.
Omg i bought one of these for my friend for christmas a couple years back, he loves it!!
@justinwang7486
Жыл бұрын
Thanks for the support!
the way they all laughed at his evaluation lmaooo
@easarsalad
Жыл бұрын
Now it's valued at $50 million.
@fabiodragon13
Жыл бұрын
Yeah they laughed but still got in for 2%, greedy mfs 😂😂
@peroh3408
Жыл бұрын
@@easarsalad 500k for 1%, do the math.
@easarsalad
Жыл бұрын
@@peroh3408 yes I did. 500k for 1% means 50m valuation. Now in 2022 it's valued at $50m
@ftwtech
Жыл бұрын
*valuation