“Take talking about a lot of the big hits now. It was time to talk talk about the companies that you missed regret the regrets. The things you wished you invest it always comes to this we wouldn t admit it do you not admit it when you do something you don t want to be a loser. Why cry over spilt milk.
When you know there s another great deal coming through the shark tank. One deal that should really hurt involved a company. Called doorbot. A video doorbell system introducing the door bot.
The first ever video doorbell built for the smartphone. The sharks went out one by one it s really not an internet play it s a consumer device. I just don t think. It s for me.
This company s still being worth 7 million could be worth 80 million 90 million. I just don t see that progression and for that reason i m out but ceo jaime siminoff. Walked out of the tank and straight to the bank doorbot now renamed ring is reported to be valued at 460 million dollars. The most of any company to appear on shark tank over 100 million in sales over a thousand team members now in the company coming from where we were at in the garage.
The garage neil s daughter it s a two car office. It has been a crazy. I mean beyond crazy. Ride one of the quote.
Unquote misses of shark tank..
Was copa de vino for somebody in the sense. That he made a huge i ll believe it when i see it groans from the sharks. Because copa de vino and its owner. James martin is probably.
The most infamous entrepreneur ever to enter the tank america s first premium wine by the glass his product. A single serve cup of wine was a hit with the sharks. Wow. That s never been done in wine before and i grant him that was a good move.
I really like your patent. His personality. Not so much you could feel the antipathy through the tv set guys. Yeah.
I mean. It was you guys didn t like we didn t respect him either you guys all try to get into i mean a lying business. The problem with him he tried to sell me on a winery that is a bad business time and when the sharks began to circle. Why are we even in the wine business.
Why aren t we licensing. This to all the wineries martin began to. Sweat he was. Sweaty i ll buy 51 of it for 600000.
Martin rejected the offer angering all the sharks i am going to go buy a thousand dollar bottle of wine tonight and i m gonna drink it because i m weeping for the opportunity lost this was your moment turn around it s gone..
But in a shark. Take first martin returned the following year this time. Uncorking some juicy sales. Figures we went from 600000.
In sales to five million in sales in one year. I was right we were building a brand and ready to rub the sharks noses in it we kicked. You to the curb. Jane you re still dead to me.
I had a hate for kevin o leary. A level that wasn t healthy at all and my opportunity to come back was also my chance to get the last word in and say look you blew it but i m also gracious enough to give you a second chance with your investment will drink these together. And we ll toast to the millions. We ll continue to roll in you ve tortured me so long.
I m gonna put an offer out anyways the second time he came on he stood out there and he knew we all were interested and he was trying to be too cool too smart. It s a million dollar bottle of wine he was up there thinking he s like he s the man instead of just taking the deal. Martin kept taking sips of his wine playing coy. It was it was a lot of money we were negotiating like i m gonna take a sip and what did i do i m out right.
I don t need you that much you screw it around you re playing games. And there s nothing i hate more than playing games and you came in and created drama. I m i m really out i mean i think we all know the sharks blew. It and missed out on the biggest opportunity they ever had which was me.
But with kobe divino..
Nobody regrets to date. Copa de vino says. It has sold 38 million cups of wine in places ranging from convenience stores to madison square garden reportedly earning 12 million dollars a year cheers. I didn t need the sharks they needed me the sharks needed me they needed a really really successful brand that went everywhere and they didn t get it because they got greedy.
I think in the second one he forgot his place he is not the shark where are the sharks and then there was the dating app coffee meets bagel coffee meets bagel is here too profoundly change how people discover and fall in love the three king sisters came into the tank looking to find a match. If i offered you thirty million dollars for the company would you take it no we got so many emails particularly how do you crazy you sisters are so crazy. What happens. When you could turn down coffee meets bagel 30 million dollars.
No no no that was a dumb deal for you okay so first of all thank goodness i stopped sisters walking window. I sat there and i said hypothetically speaking right if i offered you thirty million dollars right would you take it and then they went out and started doing interviews and telling everybody mark. Cuban offered them thirty million dollars. And we turned them down so yeah we there was no i was there was no chance one of the near misses for you robert was books a flower delivery service that you passed on we all passed on it the books company disrupts the flower delivery system by selling directly to consumers cutting layers of middlemen in the process.
Its founder. John chavez. Had a really hard time in the tank. All the sharks seemed to hate the product.
It s a flower business. I think it s a terrible name it is six days of delivery whoa. I m in my defense. I think they did a bad job of doing the presentation and they had astronomical numbers.
They were doing two million a year and they said next year will be twelve and then we ll be thirty and we hate stuff like that were like i ll never happen if i want to send flowers to your grave..
I have to wait six days and i think and i think you died here today. I thought i did pretty well you know i a b plus. Brutal. We did a million dollars two days ago in the day.
So we did in 24 hours more than. We had done in the entire year leading up to the shark tank fast forward three years later i m getting married and i get a quote for the flowers. I m like this is not suck and flowers cost. So much and i call him up.
I say john roberts from shark tank huck and flowers cost so much. He said. Come and see me i ll explain the flower business to you draws it out for me shows them what they re doing i m like i love it. So i took part of their last round.
We just raised twenty four million dollars. So you did get in with a nest of what i regret not doing because that s the deal. I would have loved you you that s one of everyone and most importantly. I saved a ton of money on my flowers.
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Shark Tank, Shark Tank Businesses, Business, Shark Tank Deals, Shark Tank Investors, Investing, Small Businesses, Lori Grenier, Kevin O Leary, Barbara Corcor…