Shark Tank US | 'I Have To Make A Sharky Offer For CurlMix'
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- čas přidán 5. 09. 2024
- Tim and Kim Lewis are seeking $400k for a 10% stake in their company CurlMix
From Season 10 Episode 14
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Shark Tank US | 'I Have To Make A Sharky Offer For CurlMix'
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update: "The company estimates a net worth of $30 million and currently brings in $10 million in annual revenue"
Yup, they were right, sharks will regret not taking it.
Welps, sharks fvkced up on this one.
I'm happy for them! I really like their branding.
yea but how much of that is profit ?! - beauty branding expert
She says sorry Robert we decline your offer, and then he says “I’m out”. lol. It’s like breaking up with your girlfriend but then she says she’s breaking up with you. 😆
Moderately interesting point, part of the format requires every Shark to say ‘I’m out’ so the show has consistency. Cuban said when he asked the production team why they had to say it when it didn’t always get included, they said when they are in the final edit, if a show is five or ten seconds short, it’s far easier to just go and add a few clips of them saying ‘I’m out’ to fill the runtime than go back and edit the existing clips.
This was definitely a pointless ‘added for time’ one here wasn’t it!
Bango
@@mrhaltonok 🤓☝
He says he’s out cause he can counter, they can recounter, he can change his mind…
Barbra: i dont have curls, im out
Barbara is the GOAT
😂😂
She wasn't on the show
Now Curl Mix Has Sales Of 32$mil. They took a risk and it paid
Yeah play capitalized on modern-day laziness this type of product used to be made at home for like $2 but since COVID everyone just wants to buy something instead of just making it yourself
@@samuelpancake4084 they way people made it was unethical and wasteful so it just better to buy it anyway
How so? @@Nadia-bt5ls
@@samuelpancake4084 they said it themselves that people make these at home. Ofcourse, this product isnt selling the product on its own its selling the connivence of bringing in the product to use.
@@samuelpancake4084 If you're well off, you wouldn't have the time for that. I'd rather buy the product than do it myself.
I don’t have Afro hair but my brother does and I always have a look at the curly hair products in stores (even use some myself as I have really thick black hair) and it’s always much smaller than the sections for straight hair. I think it’s a great thing that there are more company’s like this, hope to see more company’s like this in chemist stores around the world.
Robert honey you can't say you're out after every time your offers getting declined! they basically sent you out.
😂
He actually has to
They were great, I hate when the argument is “you can do it at home” or “hair products exist, makeup exists”, yes, but people pay for things they can do themselves all the time, and new brands selling in the same product categories are successful all the time, these two are smart and creating for an underserved market, can’t miss
“Next up, is a product line designed for a specific hair type.”...
😂
sometimes I wonder how Robert made all his money. The questions he asks sometimes lol
Sometimes it’s ignorance for sure lol
Everyone I know who isn’t afraid to “look dumb” when asking questions is very well off.
@@parkerschlank1713 But this question was not to look dumb really. he knew the answer, but was still asking it and that's why everyone on the panel reacted the way they did lol. I see your point though and you're right. I ask lot's of questions when I do my online stuff. So probably similar.
Trust me he doesn't know either 🤣
Asking questions is knowledge. The more you ask the more you know. No questions are stupid if you’re learning
This episode really showed me how the sharks may not be versed in understanding every market. The fact that they had no idea about curly hair and how much those with it need products like this was truly saddening to watch.
Right?
Why tf would mark cuban know about a curly hair cream
Robert saying “I’m out” after his offer got rejected 💀😅😂 What an absolute savage.
As a man with curly hair, I'm mystified by how blind Robert was with the before and after. Some men see the details, Mark...I hate the "men, ug ug, only see hammers and sports and trucks ug ug".
Lori talking about the "extraction process" when its literally just boiling it for a few minutes and then straining it into a container
She didn't know, can you really hate her for it? dummy.
So why dont you have a product to compete with?
Yea but its a bitch to work with and goes bad quickly lol id rather buy it
I’m going to buy some Curl Mix!
ULTA , Amazon
Just make it at home for like 2-4$ this isn't a new thing there selling they are just trying to capitalize on people being lazy
Why did Robert say he’s out after he got declined lol
He said "I have to say". I think it was like the rules of our game say I have to say this.
Did they come only for the publicity?
They offered 15% lol
i dont think they think that roberts contribution would be worth more than 15% , i dont really think he has the pull to the audience she would need to sell her product more than she is selling now
they rejected robert cuz he has no clue what hes doing in the hair industry
The only deal they got was from the guy who asked the most questions about it meaning he doesn’t have a clue what they’re selling😂 They might as well keep doing their own thing. And even if it was for publicity what a smart move when your already otw to making a milli.
I came only for lunch
For those who do not know they now are valued at 25 million dollars.
15 million it says
its cool to see that they are still succeeding. Robert's deal was good though in terms of not too high but enough for both sides to work. Oh well, they did it without a shark like the guy who made Ring Doorbell who didn't take the offer
@@JLumminRobert couldn't really add value since he doesn't know anything about the product or hair industry
That's pre-money valuation. The investors have to close the deal.
As a curly hair gal, I felt offended when Robert couldn’t tell the difference between the before and after. I’m happy you declined his offer simply because the way he was absolutely clueless about curls and only jumped in because of your margins. I’ll for sure support your business!
They gave the "Men can't tell the difference"... Lol such BS, even Ray Charles can see the night and day difference.
Still pretty scary... all I see when I close my eyes is the giant foot from Monty Python squishing them with a Pantene label
Lmaooo
Mark smelling at 2:06 🤣🤣🤣🤣
As someone w curly hair i was looking for a product that has real flax seed gel i def will buy this i saw they sell at Ulta. Kudos to them fellow south siders
“Robert who has problems with his hair all the time” 😂
Barbara was going to post this comment, but she was out so I have to do it.
Robert is my fav shark
There for the publicity (free global marketing)
They did the right thing. Curl Mix is big now.
never heard of them
Funny I have never seen this product in a store or online
They definitely made the right decision. The fact that Robert could not see the difference in the hair shows he was not a good partner for them😂
I need some now!!
Well you heard what she said “in the business of turning curly hair straight”. meaning they need to find investors who look like them and understand curly hair
Roberts deal was a great deal. I like him ..
Robert couldn't even tell what their product did, they made the right choice.
You know he just need a day to get his people to do full research and he know everything about it in 24 hours
100x in 2 years their money?! 40M… nope 😂
yeah I thought the same thing😂 that's not how business works.
Robert said “I’m out” after they rejected him just to make himself feel better to make it seem like he rejected them and not the other way around. So petty
Why did Robert say I'm out when they already said no lol
It’s part of the show. Every episode everybody has to say it unless you make a deal.
If he wanted to renegotiate he does a different offer. Otherwise if he’s for sure out and has no flexibility in the deal he should say he’s out
i can't find their product online
amazon
and ULTA
I'm not sure why but it bothers me when people refer to a woman's hair as fluffy... she is not a dog! I prefer the term frizzy or voluminous if needed!
So why do we put in so much effort into our look when they only see like 5 %of what you've done ..smh
you are doing it for yourself
You know, at the end when they said they could 10x the shark's money in a year I actually believed them. Sometimes I watch these and wish I could get the deal and invest in them and this was one of them.
Entrepreneurs do what called Future Time Value of Money calculations which is why they counter with "future" profits as reasons why they countered lower. The Sharks, especially Robert, do what called Present Time Value of Money calculations which is why you'll always hear him say the word "today" when defending his stance. He said it in this video and you'll here it in others. He is focused on investment fundamentals which is great!
There is a concept within TVM lessons that says "a dollar isn't worth more than it is (today)." That means, the value of his investment is the best "today" so he offers deals based on today when his money is worth the most. Entrepreneurs tend to lack this understanding and don't notice the key word "today" when they negotiate so they often over value their company "today" because they are places "future" value on "today." Since these specific Owners and Robert were speaking in different languages using different paradigms, a deal wouldn't be reached naturally.
Robert was spot on and reasonable for the risk to reward in a space with competition that are Super Giants and can easily knock this off.
Glad to see there are reasonable investors with big platforms like this setting a good example and Robert stuck to his guns and rightfully should have since he was being rational. On the Contrary there is the stock market and people are paying for shares of companies at a premium of 50x earnings and higher. Complete insanity
In my opinion, this couple is being shortsighted. If their current problem is not having capital to buy inventory to fill back orders, how is turning down $400k going to help them grow? If they had other ways to borrow money, they would have done it already. It's not just about the money, it's the marketing expertise, business acumen, and networking/business relationships that Robert can provide by partnering with him. If they work with him and prove their business is sustainable, wouldn't they think Robert could provide additional funding to grow the company even bigger? 20% equity is more than fair for the risk Robert is taking. Right now, he can put $400,000 in a CD for a year and earn over 5% or $20k with zero risk of losing a penny of his investment.
@@user-ll9qk2el4dthey worth 25 mill now
Ladies and getlemen, this is why you need representation on a show like this. I'm sure a shark who is a black woman and understands the problem space would have jumped on this opportunity.
This is a big problem for a lot of black women, I mean from Afro-germans, to Africans, to Black Americans, to brown Indians, to Arabs. I know what my wife, sister, friends go through to home make flax seed gels. It's stressful to make and maintain.
There is a reason this company is now worth more than 25 million.
Wait let me call barbara
Barbara: wait what?? $400k?? Sorry am out 😂
As of January 29, 2024 the company is worth $38.4M and brings in a revenue of $10M a year
Good for them..i would've want to work with Robert
Why is Robert like a cry baby ? Why does he say "I am out" after she says Sorry Robert. Shark ego ?
As a beauty brad owner I know they are going to be crushed! Bad decision if beauty is not your passion and you just want the money than you need to take the money and run! You make 3x profit and pivot. Beauty brands are usually throw away, one time hit wonders when they are this small. Thats why the best founders are cosmetic chemist and or cosmetologist.
Growing a business and saying what your future will be is kinda wild
Kevin getting bullied for being bald the whole tank episode
Omg ...they turn the deal down & why didn't the lady make them a deal since she is in a hair business...Hair is Hair & it nothing to do with straight..curl...short ..ohh boy 🤔
She is not going to help the competition.
My ex had the same type hair . She made this at home for like 3$ its been around for a while
Kudus to the girl... now they worth 25Million
lol it’s so funny when these startups/company’s say they gonna 100x a sharks money and after the show are never seen again 😭
This company is still around and thriving. This company is working 32 millions dollars now.
And they have distribution in Ulta now-so much for Kevin's whole "you'll never get into retail" line lol
They made a huge mistake. It costs pennies to make flax gel at home. People may buy a bottle then they’ll start making their own. 25bucks a bottle cannot compete with 10cents a bottle.
now they worth 25 Million
A lot of people aren't going to take the time to learn how to make it nor are they going to put in the effort of actually making it themselves.
@@newprotestantmezmur everyone gets a sales bump from being on Shark Tank. But being “worth” 25 million is just a valuation. And again I don’t see how they get repeat customers.
@Oldasianguy I’m not sure what selling a few bottle proves?
@@leehalloway8787 maybe you’re right. But I think most people will make their own rather than paying 25bucks a pop. And besides it’s not exactly difficult you just soak flax in water overnight. It’s not really arduous.
Their company is valued at 15m not 25. So this worked⬇️ Just so you know, these people also come on for free advertising and that’s what these people did
Can you blame them?
@@PracticalPerry oh just pointing out this fact many do this.-whatever works -often a gamble
It says 32 million on google
@@dwaynesmith9482 no you’re confusing what they make and values at doesn’t really matter they’re still in business
This new shark is great lol super fun personality
What's her name?
If daymond was here he might have actually made a deal for once
Good to see they are successful but I bet it happened more rapidly after appearing in Shark Tank, so were they really there for a deal?
Mr. Wonderful have a curly hair and for that reason he's out.😂😂
Did he just say 100x their investment in 2 years? 😂
Robert seems to have nervous energy or something here.
So her name is Kimothy and his name is Timberley?
companies like these who came fr the advertisement should give a part of equity to ABC😂……there are others who genuinely want a deal…..
Originally I think they were going to do just that but I think the Sharks nixed that idea because it would’ve limited entrepreneurs willingness to come on the show.
Why is Robert the only sympathetic one????
LOL they're such guys!
BARB CALLS IN: "ALTHOUGH ITS MY DAY OFF AND FOR THAT REASON IM OUT 😮"
So expensive 😮
That was a good deal but Robert might not be the right partner. They were after one of the women sharks.
What are the odds that Robert is wearing the exact same brand colour as the company? Completely weird colour choice for a suit jacket too.
They bet on themselves and won
I don't think they wanted an offer.
I think the Sharks missed out on this one! 💸 Who else thinks CurlMix is going to be huge?
the fact they aren't washing their hair more than once a week is disgusting.
They who? If you are referring to the Black women in the video, it shows your lack of knowledge.
they use moroccanoil colours which is weird
They should have taken Robert's offer.
Nah he doesn't know anything about the hair industry clearly
haha who is laughing now! they definitely will be a billion dollar company soon.
SHOULD HAVE TAKEN IT.
Dude has no hair. Not a good sign...
lol how could they not take the offer. Dumb
Which is the before? How does it look different ? Really???😂😂😂
☕
Please stop adding the stupid music which drowns out the dialogue
Robert tried taking advantage of them.. the world does not revolve around the Sharks... They wouldn't have taken any "Sharky" offer after being treated as if they didn't know what they were doing... after presenting their numbers and showing a large amount of success in their business. They already got "WOW!" with their numbers and then the Sharks likely tried defending their Shark friend by not making offers, or did not want to go in competition with her or look ridiculous for doing so. They went on the show in competition with one of the Shark's businesses and got compliments for their numbers, and refused a bad offer. They did the right thing by refusing, after being treated that way.
Boycot CurlMix!
If you want to see more iconic scenes from Shark Tank US, SUBSCRIBE to our channel! 🦈
this is not an iconic scene though
You need to upload new videos instead of recycled old ones
the editing is so badly done
I miss Barbara, but not Damon at all....
Barbara don’t make deals she always say same things. I don’t like your shoe strings even though you just sold 3 million in 1 year im out 😂😂
Update: company went bankrupt in the next 18months
LIE. The company is doing well today. Look it up.
I’m glad they changed that awful logo. It reads much better today and has a professional look. This old logo in the video looks like it was done by a 12 year old using stock fonts.
Dumb decision in my opinion...
Does that mean I cant wash it for a week?
Most people with very curly hair only wash once or twice a week, some even less.
they only have 400k sales.... his offer was great she was greedy
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Huh?
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As someone who’s been watching the show for years, I think this is the first time I’ve seen someone turn down a great offer from a shark by not being able to understand and see the vision or longevity of value a shark would’ve brought them.. as mark used to say: “seems like they only came for the publicity”
Terrible owners. They wanted publicity. Such people should not be allowed on the show
They’re idiots for not doing it
Overconfident on oil
This was a scam there is no difference.they just teased the hair a little bit .
Lori makes me sick!!!!
Whyyy?
@@nostalkaj she’s an airhead ppl only like her because she’s “attractive” but honestly she’s not so logical
i thought Robert would ask for 30%, 33% or 40%.
I was shocked when he only asked for 20% for 400k.
Anyone else get hung up on "you don't have to reapply for a week"? Does that mean people are going a week without washing their hair?? 😬
Certain cultures go alot longer friend