Entrepreneur Receives Four VERY Different Offers | Shark Tank AUS
Vložit
- čas přidán 5. 09. 2019
- Adam Riley entered the Tank seeking £20,000 for a 20% equity stake - his company 'Case Boards' trade light, compact and personalised vehicles. He amazed the Sharks with his use of 'cash flow' to keep up with demand for his product. Which Shark will tag along for the long ride?
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #Skateboarding #Travel
" You're negotiating. I like that.
No."
I'm dead.
Was about to comment the same thing 😂
He handled it perfectly though. Accepted the response.. then comes back and gives them the same exact offer they said No too. He stuck to his ground because he knows his worth. The sharks know it and respect it.
😂😂
@@rafaelrondon63 I'm pretty sure he gave them 5% more equity then they said no to.
funniest shit hahahahahahah
I liked the guy who tried to help him through the deal, he was out but he still tried to explain the deals to him
I met him in person and he is a really upfront genuine guy
Charlie Norman where?
Charlie Norman sounds cool! I believe you he seems very genuine
He does that for everyone lol
Steve. Where are you from?.......Nice!
"Twenty three years ago i came up with this idea, it's in this briefcase, it's going to blow the sharks away" is it a bomb?
aahahahahahha
Allaho snackbar. Takbeer
Lol
Lol
My name is akhmed btw.
The anxiety this guy must’ve been feeling. Props to him for negotiating well under pressure instead of just giving away 50 %
he has asperger for sure
Mykenzie Larson yeah for sure!!
yesss
Bullshit don't make assumptions
@@joewatson6686 bullshit don't make assumptions
Barbara phoned in from the US & said *_”I’m out”_*
😂😂😂😂😂
Not as quickly as Jenny did
😂😂
Hahhahahahahhahha
Lmaooooo
The investers in this show are so down to earth and not insecure.
He did well considering they didn't ask any of the important questions like battery life and travel distance etc
Indeed. I'm not in Australia so I don't know some things that are country specific, but I can think of several things off the top of my head.
a) How does it get over kerbs? Do you need to step off the board every time?
b) Do you have to use a cycle track? Surely there's a safety thing on 35 km/h vehicle on regular sidewalks
c) How does it deal with gradient? Isn't travelling uphill somewhat of a nuisance on this?
@@chriss790 If it was more like a normal skateboard I'd just sorta ollie/ bump ollie roll up the kerb or gutter as we call em in Aus.....Not sure this thing would handle that kind of abuse though but we're pretty good for bike paths here so there prob wouldn't be too many gutters ya had to get off for......And as far as I know I don't think there's any regulations in Aus when it comes to things like electric skateboards...Only if it's got a petrol motor over 50cc....And some electric boards do alright up hill....Others not so much......Just depends on how powerful it is I suppose...Doubt I'd never buy one as I'd want one more like a standard skateboard..... But I'd be curious to try one :-)
Also what is the weight limit and how long it takes to charge up. The product line is missing a few accessories (helmet, wrist guards, back-pack, back up battery, warranty/repair option).
And how heavy it is as I said why couldn't it be a backpack too all you need is 2 straps 4 pins and have spare batteries for longer distances
A lot of what’s asked is off camera and that might have been one of the questions asked without being put in to the show, I feel like that’s something they couldn’t have missed over
I love engineers & innovators. These are the people who change the world. Clearly, this guy is not a business person, still, he holds his ground under a lot of pressure. My heart & blessing goes to him.
Cuban would have gotten 20 k from his front pocket, tossed it to the guy, and yelled NEXT!
Joey Flores LOL RIGHT
You have to pay 20k In order to get on the show i get the guy wants the publicity for his business, but hes selling the entire company so i literally can't think of a single thing he would get out of this
Joey Flores The US would’ve have conned the hell out of him and grabbed all the royalties they could
@@paulwinegardener8407 big fish eat small fish...only the strong survive my friend...if you can't play with the big dogs...stay on the porch
@@Dontuploadanymore where do you get that info?
This is not shark tank this is dolphin tank
Sharks don't like dolphins
@@tylerj6016 mate
@@GolD3enAg3e if you see dolphins that means there aren't sharks. They act as a deterrent
More like Nemo tank
LOLOLOL😂🤣🤣
That was some expert negotiation on his part, very nicely played. And no attitude, no major personality issues, he's not a jerk, he's incredibly intelligent. I love how he was just standing there crunching numbers and working them over.
He could have easily fetch 40k-60k more
*911 call*
"There's a man on a skateboard with a gun!"
My first thought too
Yes that guy he’s just been robbed in life television
The woman in red made an offer? This is a once in a lifetime moment
animesh singhal 😂😂🤣🤣🤣
Yes she did an offer.
Shocking
It's a perfect fit for the businesses she owns.
Melissandre isn't on the show
Andrew definitely knows how to play the room haha, quickly took back the attention and asked the lad if HE would accept the offer and made sure that he didnt have to negotiate again, thats definitely a smart play!!
You know what I like about this. These sharks are giving him advice onto what decision he wants to make. They are not pushing him or anything, they actually care about his business. Yea they rejected one of his offers but that's business.
A great negotiation by this guy...I think he used John and Naomi's offer as a decoy here to bring Andrew and janine down from 50 to 35.. Really well negotiated.
He needed the USA market Andrew offering
FBI called, they want their negotiator back
Australian : 20k for 10% stake
American : 200k for 10% stake
I really hope Branson watches this episode and give him much better offer, he deserves better offer
One of the calmest and best negotiations ive seen on the show. Well done!
Big mistake making the controller look like a gun 🔫
Atleast its white not black .Like who even owns a white gun bruv
@@htsandy3136 what about when it's night time. It's a mistake nontheless.
They should make it a wrist band with smart detection. Tilt wrist to move. Also with voice control
stevie198686 I think that would be a little over the top
if you look at the current version, its not even going for the original asking price. they're going for 399 US and the controller looks more like an rc car controller from the 2000's
The amount of terminology every person that walks this stage has to understand when a shark/dragon makes is making an offer in insane!
The sharks in this show are so helpful and respectful and give out their honest advices for free even if they aren't buying in especially Steve
I like that he stood his ground and got the best deal he could.
Listen to the laughter of the shark in red when the offer is accepted. wow!
That'd be Naomi. Her evil "we've got them now!" laugh is like nails on a chalkboard to me. 😬
This guy was a chef, owned a restaurant, and engineers electric skateboards? Seems to good to be true actually. But then I see his negotiation balls at the end, this guy is a beast.
When he said "you are negotiating I like it" I was like "Really"😂😂
My man avoided losing half of his business hell yeah 😍
Dude, he still lost 40% for a measly 40k. They robbed that poor guy!
@@AlishaArlene the connections are worth more than the $
@@3skin556 it's not the $. It's the %
This would have gotten 2 million valuation at The US version. Wow
Nah. We already have multiple electric skateboards in the US. The uh definitely lowballed the hell outta him tho
@@thegg5097 he has the pattent tbh... that makes it powerful.
@@TheBloodypimp patents can be pending but regardless in the usa there is many "patented" electric skateboards. We got bolt on kits, fully customized boards, etc. They are all different. Patents are easy to get around also. As long as it's not identical the patent is meaningless
You all are missing the point he made the deal first, his company is in a highly competitive market in the beginning phases of just starting to sell the board. They could lose all of there money on this idea.
I'm in Australia and I use Boosted. They're the main competitor here for electric boards even over Australian and Chinese companies. Their marketing and online presence has given them a massive presence.
In US shark tank if you wait for other offers after getting one, that person usually drops out.
Wow! Full length pitches uploaded straight to CZcams! Would be nice if Shark Tank US did the same!
this isn't a full lenght though, aome are edited out for dead airs, sometimes as you see are jump cuts to some episodes
just my observation, though
wow ALL of these people in that room are so brilliant
i love it
makes me happy to see such sharp minds working together
According to Riley, the folding board can reach speeds of 21.5 mph (35 km/h). The board’s underside playing host to a 36 V, 7 Ah LiFePO4 battery that provides power to a 500 watt brushless motor that drives the 78a wheels, mounted on longboard trucks. Riley claims a recharge time of three to five hours for the battery, which should provide a range of around 18.5 miles (30 km) depending on terrain. The board also features regenerative braking to feed some power back to the battery when slowing down or going down steep hills (Can travel up hills to a 12% gradient)
I want 20,000
The shark tankers: no no no ur not getting 20,000 ur getting 80,000
Am I the only one who thinks this innocent guy has been robbed in a live television?
A bit. ^_^
@Spark Zuckerbum I too know it's a recorded telecast of the episode but when people watch it for the first time it also considered as a live telecast. I hope you studied about metaphors.
@Spark Zuckerbum bud.... stop trying to troll.... you're coming off as a fool.
@Spark Zuckerbum geez dude. Stop your bullshit.
@Spark Zuckerbum fuck u
I’m the only one who thinks he looks like the soccer player Luka Modric😂😂😂
Jenny: “these are the best items we’ve ever had pitched to us and for those reasons I’m out”
Tool..
namnack ?
Crazy. I looked up the net worth and it’s 30 million and rising. They sell them for way cheaper though. Around 400. SMART to lower the price instead of almost 2k a piece. Living comfortably I bet
NICE
Link for his products?
I mean, everyone wants Andrew, who would not want the American market? Andrew is in a good spot
Tobbepro16 agree!!
Adam is a perfect example of ingenuity, humility and negotiation skills. To crack a deal of this magnitude when the business is yet to make any sales is simply awesome. Its a classic case of how to sell a dream, without downgrading one self. Live your dream Adam... Well deserved👏
One of the best negotiating ever, well done.
This guy is incredible he is obviously very intelligent, I really hope he has done well what a champion
That was intense, he really worked them down. Smart guy.
This guy is very smart and very business oriented 👏 2 sharks in one bait that's a hell of a deal👏
Never judge a book that guy knew exactly what he was doing, very smart
After saw this clip, china already have the production running by 2 days... so called shark
That's a bargain price mate, you underestimated you're self. You should have gone for 100,000 for 20%
He has sold any products, the valuation is reasonable
Looks like a straight forward genuine guy !!!
He never told us what vitamins he's taking.
Lol
@Nas Pi is that why my girlfriend is still 10?
😂 good one
Lol I spit rice all over the table... Funny shit 😂😂
Because it is not the vitamin, it is his hand.
Yo when this guys started negotiating i was really surprised , he did not strike me as a guy who coupd step up . Judge a cover
You really learn how to be ruthless when making business. These guys basically take others’ ideas and hard work and get simple money. Brilliant!!!
Nah, these investments never pan out.
The Australian Tony Hawk 😂
0:41 6yr old me trying to justify why mum needs to buy me heelies
Facts
This made me LOL
Just three words for the man
Simple, Genius, innovative
"Its in this briefcase. It's gonna blow the Sharks away..."
Uh, is he about to suicide bomb the Shark Tank?
Yeah for real, I thought it was a suitcase rocket launcher or something, lmao
Chris Craven your now on a watchlist lol
I like this guy he seems very honest real g
Napoleon Dynamite did good. Getting contact lenses has really boosted his confidence.
Why is Shark Tank Australia being pushed so hard on the algorithm.
I would have gotten a business loan from a bank at under 7% and use that money for Facebook ads.
Buttery Skater Facebook ads won’t get you connections though. Yes this is costing him a lot of equity but If these two sharks catapult his business it will save years on building up and in the long run be better. If he does things with 1 or no sharks, there is a risk of it missing its opportunity to take off.
One of the best negotiators/businessmen I've ever seen on shark tank
"but I'm also thinking of you." Yeah right mate 😂
Andrew: “I’d like to get this into the states”
Steve: “where about are you from?”
Naomi: “I have quite a large online gift shop”
"Im with you Adam"
“You’re negotiating, I like that” 🌈🥰🤪
“No” 😡
I think it was Kevin O'Leary from the Sharks US that said the best deal is one where both parties are somewhat unhappy. I see that playing out a lot in practice in these types of deals. Everyone gives a little because they see value but also want to mitigate risk.
Negotiated like a champion. well done!
11:38 He said "well done" like a truly proud dad. Maybe someday I'll experience that....🤣
If you want, I can put on a fake beard and say that to you. I'll even throw in a hug and back pats.
It'll just cost you everything in your bank account, and a $20 royalty for every $40 you ever earn. Whaddya say, mate?
@@AlishaArlene what's your cashapp
He's a chef. Damn. His idea was great. I a mechanical engineering student and his idea did not come to my mind at all.
I think he makes the right decision.Although he has to give more share in his company, he had acess to loan that he really needs to grow his business and a loan plus acess to American market
I've been waiting for the new season of Australian Shark Tank
Seriously robbing this guy
Yeah the $200k valuation he came up with was pretty low already for an electric skateboard company w/ a patent and 150 units in inventory.
@@AndersonKamal True enough. Add retractable straps, turn it into backpack and every college student will want one!
Omg 20k really??? Sounds like these sharks broke and need more money 💰 Lol
Trucker 23 stfu
They broke af compared to U.S sharks.
Curtis Warren sounds like you broke and 20k that’s a lot for you
Jshot I know right , a middle class American can be a Australian shark lol
@@peauntbutterxboy93 Broke ass bitch
Didn’t he say he was a chef and invented this 23 years ago??!!
😳😳
Money management prpblems? 😆
Those two weren't getting any love because getting into both the US and AUS markets is a better deal, by far. Plus, I think he knew he could make an accepted counter for it
This guy is very impressive, clearly very smart without showing all his cards through an arrogant personality. He will have to redesign the remote though, I'm a bit surprised he went with the pistol look to begin with. Although many remote control toys from 20-70 years ago used remotes that had similar shapes, so it's not that unusual from a design perspective.
Clearly not worth it.. He undervalued himself and these tanks deals are not worth it. Seriously can make up a mind on 20k..? Mark Cuban would have given 50k with 10% then next...
Agro Fiji agree, 20k was way too low
Aussies are too nice to talk, not to offend Americans but that's how they talk.
He will go far, he sure knows how to negotiate
He knows how to negotiate ?!! All he said was he wasn't comfortable with fifty per cent. He suggest thirty five and they accepted !! That's it . Simple.
@@1977moonchild1 if that's all you saw then you need to look a bit harder.
@@KarrierBag Explain to me so what you saw that i didn't. This should be a laugh !! I watched the video. Let me tell you, these electric skate boards are everywhere. His product looks too bulky and horrible looking. He declined fifty per cent and came back with them at thirty five per cent and accepted. That's it. If you saw something i didn't please let me know.
20k AUD? That’s the lowest that’s ever been asked for in Australia, USA and UK
no ; you forgot the hamdog.. that was a 1 dollar investment! haha
Uh no, someone wanted $1 for 25%
He needs the extra amount to keep funding the birds as they’re pumped out and bought. If you listened to what he said. Also he’s getting 2 shark connections at the end as well which is worth more than money can buy.
The lowest was for a case of beer
There was a $1 deal on the very first episode. There’s been numerous $5k deals on both Aus and UK, and another deal for a box of beer.
Shark tank Australia has the most genuine and no fuss judges
This guy knew what he had and played the sharks by holding both offers over the others.
50% getting comfortable? you're negotiating i like that - " no" LOL
I love the Aussie version "Alright mate, how's it going, I like ya, let's have a drink and a chat over a pile of money"
At least they tried to help him out and not just shut him down!
What a legend !! Love this guy
Well negotiated by him, he might not have the stage presence but he definitely did fine for himself
Dang bro wait till he finds out about the hoverboards in America
Kindaaaaa bulky
Wow, the lady in red has such a hearty infectious laugh 😍
I fucking love this guy. Best negotiator on this show period. 💪🏼
Does anyone ever think they are just trying to make him nervous the whole time during this lol 😆
US shark tank is way better but these entrepreneurs are way nicer
us shark tank is great, if you like listening to yanky BLOWHARDS,
This one fr actually made me clap 😂. He knows how to deal, that's for sure lol
Awesome invention anybody who has the sharks swimming in a circle has a great product! And I definitely would buy one here in America
the greed shown by these sharks is unbelievable. he didn't ask for much for 10% but they tried 25%.
They might have thought he was too naive judging by his looks but good to know he outsmarted them.
The people that go on the show are likely asked by the producers to ask for much less than they are actually willing to accept just to make the episode more exciting, and the sharks knows this.
@@JohnDoe-db8hn lol no
@@priceless1995 Actually yes.
He got fully screwed on the deal, what a push over.
funding from 'cash flow'.. remember to reuse this .. when and if u contest with the sharks..
He handled that quite well.
this was genuinely the most intense negotitation of shark deal.
8:43 super counter back
Based on his introduction:
1199.00 aud and he already sold 150 pcs before shark tank and 500 aud is the cost to make one board
So he already got 104,000 aud before sharktank and he was modestly asking for 20,000.
Where can I get one?
Wat a gud product, dis will go viral just lime the hover board !
Are there updates to these episodes? I’m intrigued how many of them held up