Robert and Lori are amazing together; I really love the ending with Robert. He did the blanket coverup on others twice: one for the beginning of this episode and right now! 🥰😆😃

@MultiJejje

7 ай бұрын

70-80% margins. Trade shows took 180k. She sold 1.2 million. Profit was 32k. Ofc there much be big mistakes. I searched update on this and she never closed this deal with Robert and Lori. Most likely there was some major things she didn't tell.

I'm willing to bet that the deal did NOT close, bc there's DEFINITELY something this woman isn't telling the sharks about her business. Like no way she's just that god awful with her finances!!

@jpark28

8 ай бұрын

I bet she's taking a huge salary

@AnhHoang-oo3xp

8 ай бұрын

Running around selling at trade shows cost too much and there's only so much people you can trick into buying a $300 China blanket.

@alexb6695

8 ай бұрын

Yes. Very weird. 80% profit, but her company is in red. If she is so bad with numbers, how she managed to run business for so many years? She must be in dept up to her neck.

@oneheadlight8000

8 ай бұрын

She is from New York.. you spend 40% of your margin on just storage for inventory in that city

@alexb6695

7 ай бұрын

@@oneheadlight8000 I can't remember, if she said, "80% profit is NET or not and for how many years. Over all they didn't ask much about her numbers. That would've make things clearer. However, 80% profit n company loosing money always should ring alarms.

70-80% margins. Trade shows took 180k. She sold 1.2 million. Profit was 32k. Ofc there must be big mistakes. I searched update on this and she never closed this deal with Robert and Lori. Most likely there was some major things she didn't tell.

@stuff1784

5 ай бұрын

Not surprising!!!

$3 mil on sales with 80% margin but profit only 32k? Somehing ain't adding up

@Amm17ar

8 ай бұрын

My assumption might be wrong, maybe shes mismanaging in other areas, but 4 trade shows at her quoted top end of 4 shows in the last year.... 120k....400k on the inventory she said she bought.....3 million in sales and like you said 32k left lol? I think shes living large, paying herself or using the businesses funds for something else. Im making an assumption here but I could totally see her staying at 5 star hotels and buying first class flights to her trade shows lol. Her books are absolutely cooked for that to be happening.

@alecscarcliff9522

8 ай бұрын

@@Amm17ar or someone is stealing money!

@legendavion3032

8 ай бұрын

She said so many trade shows, so I guess too much money on that

@akosua8779

8 ай бұрын

Big salary to herself

@Amm17ar

8 ай бұрын

@@legendavion3032 she said 4 last year and they cost her anywhere from 10k-30k.

she talked more about herself/what she wants/her grandfather than the product/business

@stuff1784

5 ай бұрын

Yeah, that annoyed me.

@micheal-on5ic

2 ай бұрын

rather than not grandfather

She needs to cut the trade shows and sell online with Facebook and Instagram adds

290 dollars for a blanket 😂

@houchi69

8 ай бұрын

Ya, absolutely not.

@m.naqshbandi9694

8 ай бұрын

Women owned company

@houchi69

8 ай бұрын

@@m.naqshbandi9694 Ya, so?

@bluewassabi4279

8 ай бұрын

@@houchi69 it's utterly useless and a scamming one, that's what may be conveyed.

@3jacksonderek

8 ай бұрын

You all sound poor.

So, she uses Chinese sweat shops to make a cheap products that she over prices and rips off her customers, but its ok, they are an all woman team...

I think its a great product! Best sharks for the deal! I love cozy soft faux fur and sherpa.

boy was she wrong, faux fur is back in stores again

@mirsan6705

8 ай бұрын

Heck yea!

aww that was a feel good episode. great product and the price makes it feel more special. she found a great niche and good story to go with it, love it!

Sir William Robert Patrick Knox-Johnston CBE RD (born 17 March 1939) is a British sailor. In 1969, he became the first person to perform a single-handed non-stop circumnavigation of the globe. But don't let the truth get in the way of a good pitch lol 😮

@Adrian-lc6jq

6 ай бұрын

One was non stop the other wasn't

i love how excited robert gets 😊

They heard “100% women owned business” and their tax write-off sirens started sounding 😂

Ferdinand Magellan Ferdinand Magellan (1480-1521) was a Portuguese explorer who is credited with masterminding the first expedition to circumnavigate the world.

Too freakin expensive. No wonder why the margins are huge because she's freakin greedy.

Such a cool story! Love it!

Robert looks like an unlicensed shutterstock image of himself wearing that suit.

@ryanchristian2122

8 ай бұрын

Lol

I like to see the sharks invest in people from time to time

Barbara was outside waiting to say i'm out

Where did all that profit margins went...

@jomangeee9180

8 ай бұрын

she must be paying salaries to herself and the 5 other women!! Girl power 😂

@DigitalNomadInvestor

8 ай бұрын

@@jomangeee9180 Exactly what I thought.

I’m sure it’s very comfortable but I can’t justify paying $290 for a blanket

It screams QVC product, but not at those prices.

@ThePeacePlant

8 ай бұрын

I have been watching QVC since my grandma does and everything is overpriced on there

$300 for a $30 blanket… People have too much money..

Thats a. Great design

I bet all five women in this company are drawing a salary, that's why she's in the red while still pulling 80% margins. Founders confuse being an entrepreneur vs. being an employee. You can't be both at the same time.

SloCum 😂

I may consider buying one !

@bluewassabi4279

8 ай бұрын

Yay! Go for it. Her great great grandfather who circled the world first singularly would be proud😊 Go blankets with the history!

Any updates on if the deal closed and how she's doing right now?

@MultiJejje

7 ай бұрын

I searched update on this and she never closed this deal with Robert and Lori. Most likely there was some major things she didn't tell.

She is fantastic..hope she does well.

I'll buy it

I love this

Hope she does well. It may never blow up but she played it perfect to get a shark. Not sure how she's making mistakes, if she didn't spend all that money on trade shows she wouldn't have the sales.

@maximumpotential3796

8 ай бұрын

Sharks: So how do you get to the trade shows? Her: Well, I travel first class, arrange a limo, and spend the night in the presidential suite at the Sheraton hotels.

@MultiJejje

7 ай бұрын

70-80% margins. Trade shows took 180k. She sold 1.2 million. Profit was 32k. Ofc there much be big mistakes. I searched update on this and she never closed this deal with Robert and Lori. Most likely there was some major things she didn't tell.

This is why I love Lori...❤

Barbara: “Bill never takes me sailing anymore. So I feel somewhat offended by your products. For those reasons, I am so out! GOOD LUCK!”

What’s the offer before the mink dies - Kevin 😂

@josephbaltodano5290

5 ай бұрын

This is exactly what I was looking for, since I could no hear very weel what Kevin had said. Thank u

No one asked what they was made of?

I love my 5dollars blankets… 😅

@user-wj6yb7qy3o

8 ай бұрын

My news papers and cardboards are free😂😅 jk

@eldobleerres7661

8 ай бұрын

@@user-wj6yb7qy3o 🤣🤣🤣🤣

Almost 300 for a blanket lmao

@eric20ify

8 ай бұрын

People will pay 700$ for a plain white designer t shirt lol

Sales were absurd for a business that size ngl

@ThePeacePlant

8 ай бұрын

Because it's overpriced. She sells them for 290

@Twohanded.official

8 ай бұрын

@@ThePeacePlant yeah I know I would never pay 290 for a blanket even though I use one every day

@darkhairboy1

8 ай бұрын

She makes $240 per blanket and still broke, women owned company yaaay

@MAGAprincess

8 ай бұрын

Agreed! And honestly, 1.1 million in sales isn't all that. (Her sales from the previous year) Especially for her being on Oprah's top pick list AND winning the NOW award! I doubt the deal even closed, bc there's got to be so much more to this story lol- like no way she just SUCKS at finances.

I think its kinda a odd product, young people don't like fur so your target is older folks, but older folks aren't really going camping. I wonder if all her products have the fur, she really didn't tell to much about the business actually.

@erics2091

8 ай бұрын

It’s faux fur (fake fur). It’s more that all her products are over $200. Unless you’re in a sailing/yacht town/community. There isn’t much of a market here.

And my name is Tyson J Gouldhawke aka Gould aka Gold

are tradeshows that impactful??

I have a similar story almost made me cry i want this blanket

@jomangeee9180

8 ай бұрын

your great great great Grandfather sailed around the world?

@angelnft9802

8 ай бұрын

@@jomangeee9180 something like that

When someone keep admiring herself yet keep losing, walk away. Almost 300 dollars blanket? No way

The products are nice though

The climate in upstate NY completely calls for this product…it’s over priced though

Lady needs to stop doing trade shows. 😂

Her great great grandfather disappeared at sea.

Genuine question, does Lori wear a wig?

@sunnyscott4876

6 ай бұрын

It seems that way in this case 🤔.

Deals ñike this make a grown man cry. To the moon

She is a winner = smart

So nearly dryrobes! But not quite

Circa 1100's

It lasts a life time

Someone did Lori dirty with that hair…

She compared her entrepreneurship "journey" to her grandfather's journey of being the first man to ship alone around the world 👍 No doubt she is going be to in the first page of history books 🤦‍♂️🤦‍♂️

@outdoorgearreviews8502

8 ай бұрын

Joshua would be horrified and ashamed

@michaelmajchrowicz8865

8 ай бұрын

Nah bro sailing across the world by yourself is light work.

@bluewassabi4279

8 ай бұрын

@@michaelmajchrowicz8865 yep. I would even take the liberty to say that ordering a Starbucks coffee requires much more strength and sacrifice than to sail across the Atlantic and Pacific during high storms in pitch black with a wooden boat. Kudos to this brave entrepreneur.

@jomangeee9180

8 ай бұрын

lmaol

Such a lovely lady

I don't get it. why do you need a fur coat that's waterproof, especially one that looks like that, so... big! it's not the arctic circle people, and were not on a boat. if you have a waterproof coat your head will still get wet from the rain so you get an umbrella, which protects the coat also anyway......

@briannaoppong-antwi9702

8 ай бұрын

She can easily put a hood on it

Wow wow wow wow wow

You know she just hated that Robert was apart of the deal. Probably thinking how am I supposed to sell woman empowerment with this man here 😤

@lucygreen875

7 ай бұрын

Robert could channel the great-great-grandpa inspiration😅. Adventure and all.

@MultiJejje

7 ай бұрын

70-80% margins. Trade shows took 180k. She sold 1.2 million. Profit was 32k. Ofc there much be big mistakes. I searched update on this and she never closed this deal with Robert and Lori. Most likely there was some major things she didn't tell.

@micheal-on5ic

2 ай бұрын

women empowerment? More like women sexism

Good job lucky lorie robert invest to your product

She spends like 200k at trade show so this deal should help with that

@NateWithWho

8 ай бұрын

yea with Lori marketing help, the product will be recognized way faster than going to trade shows one after another.

$290 for a Blanket ... I would rather freeze.

the deal did not close

Why Lori is wearing a hair wig ?

@bluewassabi4279

8 ай бұрын

Fake stuff like some other things like the eyebrows, nose, upper and lower lips, and God knows what not. Money can buy things man; it's sad though.

@anonymousadult

8 ай бұрын

I thought she was being attacked by an albino squirrel!

@jaynebutler3342

8 ай бұрын

She always does.

Now fake fur is bad. When will it all end.

@manzinin1070

8 ай бұрын

Just an excuse to be out, nothing much to it

Update?

I don't understand this product. And I could technically be comfortably within the target audience.

What’s with that wig Lori ?

i knew instantly why her mom profits were so low when she said it was tan by all women

Wait..hold on...other sharks didn't make offers or drop out. Why didn't she wait until all of them said their bit? What?,😊

@JazzyMarineVet

8 ай бұрын

They cut the entire pitch. I watched an interview with Daymond and he said most pitches are 20-30 minutes. The producers have to cut it to 8-12 minutes for TV. So looks like no one else made an offer, but maybe they did..but it was cut.

Did something about this pitch just feel off, is it just me???

@JazzyMarineVet

8 ай бұрын

The producers just whacked what may have been a 20 minute pitch, and left out alot of stuff. Horrible editing. Either that, or much of her pitch was unicorns and rainbows. ITs shark tank, no mercy only money

I know her family and live not far from Albany. She is very wealthy and rips people off with her cheap Chinese products. Doesn’t deserve a deal IMO.

@Wolfnap313

7 ай бұрын

She also takes a big paycheck from the company. That’s where 20% of profits go.

There’s still real mink being sold?????? My fkn god.

Massive cash flying out the door but no ability to explain it. It’s a blanket company. Not worth the work to turn around the financials and horrible business operations

Im the kids kids of kings and queens

Trade shows are expensive, correct. Not saying they are bad with money but whats all 5 ladies salaries... if theyre 6figures now... they need to change that until they can afford it. 3mill and only 33k in profit.??

Barbara called and said she’s out

Barbara is not there but she called an hour beforehand to say she was out. 😮 😂 😮 😂 😮

@mirsan6705

8 ай бұрын

😂😂😂😂

Wow

She makes $250 per blanket and still broke! women owned company yaaaay

Radical greed.

Not trying to be that guy but I’ve notice most females on here are not very good negotiators some don’t even try to negotiate.

I like it but I can't afford it so I'm out.

Women owned funded by her husband 😂

she lost everything, righttttttt.

@rivalstorm120

8 ай бұрын

Its been 7 years. A lot can happen in 6 years

"All women, we are a women owned company!" but wait Robert's in. How will they ever survive with a man on staff. How can they be woke now?

@micheal-on5ic

2 ай бұрын

sexist cancel culture am I right

When women say ‘women only business’ it just sounds ridiculous

@micheal-on5ic

2 ай бұрын

its sexist

Rip off price. To much spending on nonsense trade shows

More like “pretty haggard”. Like J Haggard.

Love her products, but way too pricey! For that reason, I am out!

I just looked at the website and I'm ngl I'm annoyed that everything clothing is either one size or small and medium which means if you weigh more than 140lbs you're 💩 out of luck. Pretty tone deaf in these times!

@okyggtty

8 ай бұрын

Lose some weight buddy

@Hypnostedon

7 ай бұрын

Just don't be fat. So many gyms around you

If a man said that we are only men in our company Caneled ❌️

Fifth comment

Meh…

"woman owned business"

@micheal-on5ic

2 ай бұрын

"I'm sexist"

She's spending to much on trade shows.

Oh yeah, using grandfather's heritage to sell her junk wow