Collars & Co Owner Refuses To Back Down In Negotions With The Sharks | Shark Tank US
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- čas přidán 28. 08. 2023
- Justin Baer is seeking $300,000 for 4% in his polo shirt company, Collars & Co.
From Season 14 Episode 8
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Collars & Co Owner Refuses To Back Down In Negotions With The Sharks | Shark Tank US | Shark Tank Global
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Is it just me or is Daymond getting more and more rude every episode?
It’s just you.
He rips off businesses also
It's,,, probably you...
Daymond doesn't like when other do really well in his industry...
Only you friend
He's definitely doing the stereotypical deal of "black man in power" acting a fool.
I hate it.
Daymond had an awful lot of questions for somebody that was out immediately
Well thankfully this Draymond isn't punching or choking out others 😂
He clearly hated this guy haha
The psychology trick they played at the end was amazing. Both of them leaving, watching him toil in his mind with regret about not having a shark who could push brand publicity then they swoop in and drop the same deal they had before.
Yes,,, of course... Everyone is going to buy a shirt just because The Great Shark says it's good... 🙄... People have been being Clothes without their Almighty Endorsement...
Not really a trick... That was their offer, they weren't going to accept less. It was his call to take or leave the deal.
It's a trick if they were willing to go lower, but tricked him into giving away more equity than he had to.
not really psychology trick just leverage he has none like they said they dont hurt if they miss, he does
Daymond was so annoying here, he went out right away and kept telling the guy what to do
STFU DAYMOND
@@qutuz9495 Sounds like they were willing to go lower, they were waiting for a counter and he raised it from 4% to 5%...if he had done 7 or 7.5% immediately then I think he might've gotten one
This is probably one of the best episodes I have seen yet, happy lunchtime everyone
Literally on my lunch break 😂😂
Lmao same here happy lunch time
same😂
You read my mind
My lunch breaks are split between shark tank and kitchen nightmares 😅
Honestly one of my favorite episodes, always interesting to see how Mark observes the entrepreneur, analyzes them , and ensures they are competent enough to not talk themselves out of a deal, meanwhile you have Daymond, rude and getting worse every show.
Every shark has done this too, through many seasons what are you trying say? Everyone defends their own reputation. Mark has been one of the or probably is the rudest shark 🦈 ever. He cuts off pitchers in the middle of their presentation and says I’m out! Kevin is by far the most brutally honest investor. End of story.
Don't see the rudeness tbh. The sharks here were stating their expertise and experience, while Justin was honestly being slightly delusional. Fashion does indeed move incredibly rapidly, but he has absolutely zero doubt his lineup will go to the moon, AND the first thing he said is absolutely false - popular outfit around the WORLD? No.
@@humbertomartinez5899 You guys forget this a TV show made for entertainment. There has to be drama and one of the sharks acting egregious or it wouldn't be entertaining for the viewers. It has us commenting about it right now.
Daymond should be kicked from the show considering how terrible his partners are treated after they close deals with him. Read about what he did to The Bakers. It's a really sad story
oh shut ittttt
These shirts are not about style. It's about functionality. That will never go out of style.
The functionality of a dress shirt is no different from a t-shirt. It's the look, and the assumptions associated with the look, that make any difference.
@@georgebrantley776wrong like he said functionality differs from other t-shirts how its worn perfectly right and how you function in it through the day
Plus its associated with a work outfit so it will always be somewhat in fashion. It isn't like some shoe that may get out of fashion.
@@AbdirahmanIdris-ku9xm exactly
I own 3 of these shirts. Honestly best shirts I’ve ever owned. Plan to get a few more.
Daymond seemed intimidated that a very capable businessman walked in
He had a nightmare, must have been having a bad day lmao
Daymond has FUBU
Yes
@@J____12345 Ya but I don't think fubu is that much popular anymore
@@J____12345 yeah but that went out of style bro nobody is wearing that that's literally in Burlington. You can probably find it at target or something lol he HAD FUBU which was horrible anyways, even when it started it's definitely out of style now. I think he was just very upset. 😂😂
The psychological play by the sharks here is top-notch. They knew the guy was right yet needed good skin in the game. Amazing episode. loved it.
Classic takeaway variation.
“good job guys” lol, I love Lorrie! She can be cut throat when necessary, but still is capable of being genuinely happy for other people’s success.
Lori*
It's just like poker players when they say "Good hand" to someone who beat them. Can't say anything else than to compliment them on what they got
Lori: Hello, how are you?
Retards: I love Lori so much she is so nice and that is the reason why she is rich.
Daymond not only provided 0 value or feedback to this pitch, dude was plain rude & didn’t let him speak. Ego
He rarely gives advice 😅😅
He was very accurately sized up this silly stubborn guy and understood that he can't reach him
@@justanotherguy4339 okay Daymond
@@Gobrech ok boomer
@@justanotherguy4339 bro jus salty
i get why he's defending his brand and business and i respect the fact that he knows his company's value but he could be a little more respectful to the sharks and thank them for their offer even if he's not gonna take it, instead of saying "no way" 💀💀
He’s just like the stereotypical douche who would wear this outfit ;)
Ten percent for $300k with Mark Cuban and Peter Jones is too cheap they should have 15 to 20 percent.
He doesn't owe them anything.
He was definitely very frustrated at this point. Most people forget this was an hour long pitch and they were undervaluing him.
I actually applaud him for standing his ground, think about it the amount of sales he made just starting out is insane and even daymond was starting to get salty and a little jealousy. So In the end I think he really knew what he was doing and won in the end.
mark biggest come back
“ i’m still going to be rich “ 💀
The guy is rich also. It's just millionaires fighting over money. I feel he didn't take it back stage.
@@davida472mark is rich rich…
Best comment. I love Cuban
He was right to battle back and be dismissive. 3 million evaluation when hes made a mil in profit in the first year is low balling even for the sharks added value
Rubbish. Lori was right. He's thinking of making 10 million, they could make the company do 80.
BUT he is getting Mark and Peter, Peter has Europe and Far East sewed up and Mark has North/South America sewed up. One thing that every business owners know is a covid like situation can crash everything to the ground with no notice. They saved his azz for sure
@AH-te5gs I like the sharks, but there's no guarantee of 80 mil. In three years he projected at least 20 mil. This year's projection is 12 mil at ~24% month-over-month growth. With the 20% profit margin, they'd have their investment back in a year. He took it, good for him. Let's not pretend like there was no reason to harshly turn down this initial offers
Sharks added value...??
What added value...??
Their unwritten guarantee's and devaluation of a business... 🤔🙄
@@AH-te5gs80 million for a shirt company? You're the only one talking rubbish
Daymond seemed like he didn’t want any of the sharks to invest. The fact that he also “hates that look with all his heart” is kinda laughable considering that FUBU has some clothing that look horrendous.
exactly. It's not even in style now. It was good for a few years. It had a good run but nobody wears that now. It was horrible when it started I think.
That dude is going to give the sharks a HEADACHE… 💯😂😂😂
... that dude will likely mellow out ... let's all give "the dude in white pants" a chance to be highly successful !!
Daymond was in bad taste this whole episode
He was lol
Draymond was sooo butthurt.. if you’re out just stfu.. also CZcams Eric Dubay!
I just love it when entrepreneurs know the value of their ideas and not let the sharks just bully them Into accepting a poisonous deal.
Which is exactly what ended up happening.
What Idea? Im european we have shirts completly similar like this forever. He just copied them seeing them somewhere.
@@nunyuhbusiness9016 well to be fair the deal was really good. 2 sharks and he only gave out 10%
@@haralds4145 oh okay would you happen to know the name of the shirts your talking about?
@@africar4592 easy its polo with a shirt collar. I just did a quick Google in german found like a lot of companies offering them from like 20 to 80€. I think i have one somewhere but i bought it like 8 years ago.
This is the BEST EPISODE in SHARK TANK HISTORY. They tried to use there reputation and corner him, but it didn’t work he knew his stuff. He stuck to his numbers and gave in eventually, but it was the right choice. And daymond showing how his ego gets trashed.
He flinched. Sharks got 10% (not 4%)
4% is very bad. If he really makes 10 million this year with his said profit rate of 20% after taxes and so on the net would be 10% so 1 million. 4% of this is 40.000
Thats what the shark could get but only if the major holder thats him decides to not invest back in inventory. Clothes is really really a buisness with a lot of fluctuation. Dämon is right a brand that makes 16 million a year can be easy 4 million next. Clothes have nothing unique about them its not like scrub daddy, you wont get a patent, any shirt company can do same shirts. Also his idea is not original. Im european he didnt invent this shirts i saw them in stores in europe for years already.
@@joshblank1 I mean he had too. But it just shows he is extremely intelligent and experienced.
His product is like any other shirt lol
@@haralds414520% operating margin is too high for a commodity business. It should revert to single digits/negative once competitors catch up
Lori was just loving the bickering back and forth that he was doing with the other 🦈 😂😂😂 ye this guy’s the real deal!
I'm not sure why Daymond got so involved after he said he was out.
I guess the entrepreneur’s interesting attitude set him off
I've never seen Daymond make a deal, Just talks. He is the Joe of shark tank
He makes deals her and there, its Mr wonderful that rarly makes a deal
@@williamhaynes7089bro mr wonderful always makes deals
I was looking for this comment, I’ve never seen him make a deal and wonder why he is even on there
Legend has it that Barbara turned up at the end just to say "I'm out"
I like how he stands his ground. Sometimes stubbornness is necessary
They were hating on him bad. Dude knew his stuff and they just wanted more out of him.
I thought he was going to regret this, but Mark came in and basically changed his life. Mark will still be rich lol
I wouldn’t last 30 seconds in the tank! You gotta be so sharp and on your toes. I’d be blubbering in the fetal position in the corner.
This was really intense .. the best part was the confidence of the enterpreneur .. Awesome negotiation ❤
Kudos to the guy for sticking to his number and what a remarkable negotiation by mark
I was wondering why Mark didn’t say he was out earlier on with how many times this guy was stubborn with his equity until at the end when he said “he reminded me of myself when I was younger” which made sense
Shout out to Justin. I'm sure he can do fine just by himself. I hope the deal didn't go through and the sharks end up regretting it.
Daymond was just awful in this pitch. Went out instantly and did nothing but insult. I'm getting tired of him.
Let's start a campaign for them to kick him out
Draymond was sooo butthurt.. if you’re out just stfu.. also CZcams Eric Dubay!
what a little b he is...
@@ucPhucDu Yeah, and he was out but kept talking in order to snipe. Because he "doesn't like the midtown look." That probably made the entrepreneur defensive. Daymond was probably also jealous of the guy's fast sales.
I know Daymond is frustrated because people don't pick him, but people don't pick Robert either and Robert doesn't react that way. There's also a CZcams channel now devoted to Daymond scamming the Bubba's Ribs company.
Anyway, both Daymond and Barbara are awful and I hope they have Mr. Global or someone else just replace them permanently. Glad I got all of that off my chest, lol.
@@ucPhucDu how do we do that
How will this go out of fashion. Dress shirts have been in style for decades and no one is saying they will go out of fashion
Love Mark's comment to put things into perspective for this guy. Classic.
This is his honeymoon phase. These products and companies can get forgotten about. He's also banking on one item at the moment. The value of a shark on board means that the shark will almost always try to keep the product/company current and a known name. If he didn't get that help, it could have started plateauing.
The way he fought till the last second and beyond would have earned him even more respect from all the sharks.
I’ve worked with this guy before but with a text notification program he made. Smart guy
Daymond needs to be removed he has some issues 😂😂
Unfortunately,, most businesses in US are not doing well. It's actually global..
He did $5M in sales and kevin evaluated his company at $3m? 💀💀💀
You know sales and profit are 2 very different things right? You also know $300k for 10% is also $3M right?
@@kareemjordan6780 yes i do know, thank you for checking up on me. I own restaurants so I got an idea of it!
He valued the company at 3 years net profit (1 million net profit for the next 3 years). It is a low standard but it's his job to put low standards. The usual is 5 years profit so 500k 10%
5 million in sales but the margin is 20%, so he made 1 million before tax
I love this dude. He knows what his company is worth
I hate when someone says there out and they do it in a snarky way then later continue to ask questions. If you're not writing me a check than I'm done answering YOUR questions.
Oh that's a business power play. Pro athletes do that alot, say I want to be traded, I am worth more yada yada. They dont get an external offer and end up staying with their original team. Garden variety power play
for what its worth, on Dragons Den, when you are out, you ARE out. At least once Deborah has said "I regret going out". In the Den it is a rule, that cant be broken.
"Everything goes out of style" Yes you'd know mr Fubu.
Daymond your out, why are you still talking
This is the “Do you know who my Dad is?” look.
who would wanna invest in a company if the CEO is scared of sticking to his guns and atleast not backing down on the first bit of stress. he did a good job imo
Get rid of daymond he’s a waste of seat. Only brings negative energy & bad offers and get in his feelings a lot
He also backs off from lot of deals
Exactly
Huge mistake. He was completely right, $3M is an abyssmal valuation for a company with explosive growth, doing $1M+ in profits per year. The sharks would have paid $2M+ for those 10%.
Good on him for standing tall in the face of extreme rich arrogance
The is a great communicator. The method he uses the board is amazing . Short and to the points
He put up a good fight. Much respect!!
All credit goes to Mark for making the deal happen
What a great idea. I’ve seen tons of these Shark Tank episodes but this is the first business that had a product that I really want to buy.
I love someone that knows his stuff. A great negotiator!
They're offering a 3M eval for a company that made 5M in a year. Obviously they're celebrity investors on TV, but even for them that was rich.
At 20% profit margin, it would take them years to make their investment back, and then they can think of a return. Even if the business grows to what he said it would still take more time. So that's why they say it has to be something that makes them want to work in the morning.
I think this is the problem with coming in with a fair offer, because more often than not, even if the valuation is good, the Sharks feel the need to push it down.
@@dantemv1950 Investors make a bulk of their money from the exit, not from the profits.
@@dantemv1950it's just 3 PE
He made 1m profit, 5m is sales.
This guy is a good businessman, but he will also drive both the sharks crazy lol
he has board saying business 101, but what he actually needs is negotiating 101. if you get an offer, no matter how high, you don't dismiss it outright. keep it and listen to other negotiations, then you can counter when all offers are on the table.
9:25 Mark saying how it is is beautiful.
Damn that was straightup charity at the end... buddy needs to learn to shut up. I hope they don't regret doing this.
Dude he made 5m and they valued at 3?!! They ripped him off.
I've worked with Justin in Manhattan years ago - it makes me smile to see he is doing well! Kudos to you Justin.
This is so great. Definitely one of the better videos
these are the shark tank videos that hit man
I thought he was going to invent just a collar to attach to already comfortable shirts to achieve the look
Daymond talk like he made an offer 😓
Really great example why the Q&A session is more important than the pitch. Justin also really does well in pitching the product AND the company.
I took this video and analyzed it in depth because it has so much to learn from for entrepreneurs to be.
That daymond’s eye roll 4:34 so much envious uff!
Mark is a gem of a person. The guy was bragging 10 million sales in front of Mark. The sharks can easily 10x his growth.
10:53 are we not gonna talk about how big they look next to him
Exactly what I was thinking !
Lmao when he said “no I’m the only investor” 😂😂😂
I think the biggest compliment any entrepreneur can receive is Mark cuban telling you that you remind him of his younger self.
Awful person to support - “we will still be rich” best line ever
We will still be _beep_ rich 😆
Why did Daymond not stfu after he declared himself out! 🙄
That was intense. And Damon seriously *hated* that guy.
Surprised Mark gave him one last chance.
He actually does not have to listen because its his company. They are literally going to do 10 million in sales THIS year. Like you have to realize he is not over valuing the company even a tiny bit, he is actually making them a fair offer
Correction...he's making a typical investor a fair offer. For what the sharks can actually do to help, it wasn't a fair offer.
It's not that he overvalues the company, it't that he undervalues the impact the sharks can have on the future value.
Daymond speaks a lot for someone who was out.
Daymond was talking a lot more in this episode
Holy molly! That was a good one! Very intense moment in the end !
Daymomd when he said “no” 😂😂😂
Is it just me or has Lori not made a deal in what feels like ages?
... for sure ... "just you!"
@@warriormanmaxx8991 not you again.
You never hold all the cards. This guy will learn this one day. He almost made a fatal mistake
"If either one of us don't do this deal, our lives are not gonna change. We're still gonna be F****** rich."
BOOOOM !!!!! @9:25
They can't bear someone who is successful and confident about it.
You can tell this guy worked on Wall Street in one way or another, still not entirely sure why he even went on shark tank. His sales were incredible for a company that new selling clothing!
Honestly, this is one among Sharkflated deals. Lori said they could make it 80 million. Would they put that in writing? Or just throw their weight around saying they are sharks and their word is the law? The man had numbers. And he was asking for 40% higher than his sales in less than a year ago. He came there with a fair ask.
You don’t understand the value of a dhark. They have the connections, the tools and manufacturers, the logistic partners and etc. they can lower the cost and could make it a global brand in 50x faster than with the founder alone. Image just appearing in the show gives you alot in sale. What more having that two billionaires at your side.
what i fail to understand is how is a collar company worth this much? i dont think this can be protected under some IP.
He has to remember he's the only shareholder, and already profitable. Chances are, further dilution, if any, would be minimal. He has the equity to give them! If he wanted a better valuation he should have asked for $500k.
If he wasn't the only shareholder and had only 60% left then every % counts. He'd also have to answer to his other shareholders. Not the case here though.
Kudos for the tough negotiation by Justin. But the 10%, to get both Peter and Mark, would have been foolish to turn down. Glad he took it because I was getting nervous that he was going to walk away without a deal.
I cannot stand Damond....
When Daymond mocked his "No!" reply 🤣😂
Bruh they will fight when they work together for sure😂😂
That right there was a tough deal for Justin to decide on. But glad he got a deal at the end. 🤑
This is not just a fashion product, it is convenience. In many places that outfit is an almost mandatory uniform and being able to make it simpler is the explanation for its success.
Can’t stop watching on my lunch break.
best scene of FOMO explained in a 2 min time frame. they ate his brain.
I just ate a Family pizza alone While watching this
Sounds personal to me ...
@@mikeypiros6647me like
U a rast eater dude
Meat lovers or veggie lovers...pizza
Mark: Congrats!
Sometimes a shark can be the greediest but 10 mil sales and 500k sales is what separates a shark vs non shark.
The guy is good but he could have been great if he knew when to shut his mouth and let investors talk and not talk over them. Either way he would have gotten the deal but he could have done it with his head held high instead of his tail tucked between his legs.
excellent mind games = wish every bit of luck. my feeling is that there was a lot more listening but he was fighting his corner - top marks and respect for that
They were definitely devaluing the company but I think he forgot it was 2 sharks plus they were giving him the line of credit which is already less work.
I love this guy I'm. Not done with the episode but I love how he knows his worth
😂😂😂
Knows his worth ? The sharks got what they wanted lol. What are you even talking about lol 🤣
he could’ve done it more tactfully, the way he approached the negotiations wasn’t great imo
Daymond thinks he’s bigger than he is. You ain’t Mark Cuban lil bro!!
I would buy this in a heart beat. Been looking for this for ages
It’s online.
7:38 😂😂 Daymond’s mockery of Justin’s *No* is HILARIOUS! 😭😭