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5 Sharks Strike a Deal with xCraft Drones - Shark Tank
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- čas přidán 24. 10. 2015
- All 5 Sharks invested in the drone business with xCraft. Watch this scene from Shark Tank - Season 7: Episode 5.
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This is the business version of collecting all the infinity stones
Hahahahaha
Exactly they have them all except for the soul one
Did you do it?
Yes
What did it cost you?
25%
typically this deal didnt push through like every other deals in shark tank, in reality almost 50% of the deals didnt close well, because the sharks are changing the original agreement
Mark - Power
Kevin - Reality
Robert - Time
Lori - Mind
Daymond - Space
Barbara - Soul
I would have died laughing if Mark made his own offer and stole it from the other 4 sharks, they'd have been so pissed
This comment made my day. Thanks a lot.
I think he wanted to
Hahah that would of been the biggest back stab in the history of shark tank
Lmfao
Imagine he did 1.2 million but at 20% to keep tge equity all for himself 😅
Barbara: “Everyone is in, that’s why I’m out.”
iOS God loool
😂😂Barbara is a waste of time
@@richardramfire3971 You do know that she has made over 80 deals on this show right?
@@vika0194 u gotta be kidding! 80 deals? Babs?
@@MonroseUS yes. Search it
Mark is so smart, he asks just the right questions
he a smart businessman. there was no way those guys would've not been offered something by someone before
I'm more impressed by the answer. the guy knew exactly what to say
Reason why he’s the richest
Yeah, and they had just the right answer haha
@@slaven5239 and it was just a bunch of fancy words to say “shark money is better than regular money” 😅
if Barbra was here she would of been the only shark out and ruined everything because she always finds a stupid excuse on why to go out.
"These rocks lack sex appeal"
Not sure if Barbara cares about tech stuff like this.
I think she would have done it. Have you ever noticed that she likes to bring other sharks to the deal when she interested in something?
Well if we were all in it would be 5 sharks and frankly I don't like odd numbers and for that reason, I'm out.
MAGIC CHUCKY
“I’m too old for this tech stuff, I’m out”
The deal didn't go through, and xCraft has discontinued their retail services to focus on private, government, and military contracts. They also did another successful crowdfund in 2018.
Really?
It makes me wonder since the show started, how many of the deals are actually completed? Half?
@@1486230 if you Google whatever company and put Shark Tank update after it, it comes up with a website that has a summary update on the businesses.
@@danisthename7 Their website is the best lol.
they are currently selling also in market, they launch variety of models
mark being scared to go in 300 grand is like a person who makes 100k a year being scared to pay seven and a half dollars
You don’t get rich by spending money all the tome
If he wasted 300k that’s 300k he could’ve put to something more useful (charity, business, family, etc) 300ks a ton of money no matter how rich you are
I don't think so. He's probably thinking of going solo with this one because he also has this drone school deal on the early episodes of season 7. He probably is thinking about the synergy between the 2 but later on realized that the 5 of them could make this one blow out with each other's expertise on different industries
To these people it's not about a money anymore. It's just a game who can make more
7.31707 dollars*
Is it just me or this show is entertaining??
I think so too
I binge watched Season 7 & 8 on Netflix.
It's highly addictive !!
You have five charismatic and cunning people, all experts in their own field, and you throw them in a room and have them compete with one another with real, concrete, monetary incentives. Of course it's entertaining.
Nitin Pawar but it’s not on Netflix? What are you talking about?
Uncle Joey different countries have different titles in Netflix.
Just in case anyone's curious, Barbra just isn't in the same league financially as the other Sharks, that's why she constantly is "out". She just doesn't have the same level of money to invest in these companies as the other Sharks do.
Only 50 mill less then Lori who handing money out like jesus
@@misterdude8615 Two things. You say "Only 50 million" like that's not a ridiculous amount of money XD Secondly someone's net worth and how much money they actually have access to spend/invest aren't the same thing.
@@philippaul6039 then why is she even in the show
@@zacharyhoy1933 the show is about how to get thes me rich people richer. not about helping the little guy. it also makes the searching of a potential hit to be much higher rather than going out and listening to everyone because they screen the ideas on the show even before hand so that another cost cut.
remember these deals are for sharks to piggyback on a successful business to make more money.
whenever you said you lose money or doing less even if it was a good idea they dont go in cause they can’t get rich off of itZ
I dont think thats true at all. With what shes made on wicked cupcakes can fund like 5 seasons of investsments if she wanted, not to mention the millions she already had. I think she can afford to invest but just is very picky. It seems like she likes dessert and real estate businesses.
Robert,Lori,Daymond and Kevin: "We're In!"
Mark: Stone Face , LOL
0:38 Lori after an edible
hahaha i would love her to be an edible
omg i laughed at that comment xD
hahaha, 100%
"........whaaat..ar u doiing..?
So some backstory on this. First, this deal never actually closed. Many deals fall through after airing for a variety of reasons, like the underlying facts being incorrect, not holding up to due diligence, or just someone changes their mind. Getting 5 sharks to sign on the dotted line was always going to be difficult. They did a Kickstarter after the show aired and raised $170,000. In 2018, they did a StartEngine funding campaign for $1,000,000. Their lifetime-to-date crowd funding has been $4.445,000, and their lifetime sales have been $5,000,000. As you can see, they are not very profitable, despite still existing as a company.
The Sharks certainly could have brought a lot to this company, however there were a lot of red flags here I'm not sure they keyed on it. First, when have you ever seen the Sharks all jump on something that is pre-sales? When have you ever seen them jump in on something with a $6 million valuation that has barely sold $200k in merchandise? That's insane, and simply bad business on the fundamentals. There was no proof this could work in a very crowded market. Their forward flight gimmick never won their patent application, and now tons of drones in the market can do that. They are currently applying for a Department of Defense contract, but applying isn't the same as winning, and now they are a very expensive product in a crowded market.
I cannot state how shocking this was, that they were ALL willing to go into this with no qualms. Someone must have given them all Molly before this company came up. ☠
that's because they thought they might missed another Ring
I want to see more of what happened just before this clip.
Each offered 1 million for 20% equity. Before they just told the basics-sales, cost to make, profit, a new drone coming out that can hold a mobile smartphone inside it, so on and so on. Oh yeah and how they planned to spend the money-scaling/production and whatnot.
+Robert “Rob” Stevens no, they threw other offers before they combined and that was what happened before this clip.
me too
Not much tbh... i dont know why they all invested..
this was 2 years ago
wow the 60fps makes the difference. great quality
No shit
All 5 sharks on one product.. Insane.
Drone businesses and concepts are popping up like cancer today. I might as well strap some c4 to drones and approach the DoD. Pay off some college loans.
Brian Valenz he will be right back guys, homeland is knocking on his door
He's actually in the second yr. of an 20 yr. federal sentence .
You hear that knock on the door? 😎,🤫 That's big brother ☺️ 😂
Strap it to yourself
Yes knowing what we know now..... both of those products were sub par and not good compared to the rest. This deal , according to really the only source I could find to see what happened next, said that the deal actually didn't happen. It fell through after the show.
I cannot find out WHY though.
Also, does anyone know what year this was in?
Wow they didn’t even need to explain their business
😂
Aaron K no this isn’t the whole episode lmfao use ur brain
FateMichael 😂😂😂 Hes a DUMB ASS LMFAO
r/woooosh
The drones cost 2,000 bucks and have a 20 minute lifespan LMAO Ill just go buy a fucking car with that money, fix it up and resell it for 2,500 in a day.
this is really smart
Daniel - Broseidon Incarnate but how much does it cost to fix it
Daniel - Broseidon Incarnate ..buy and fix up a 2000 dollar car with less then 500 bucks and sell for 2500?sounds like a smart idea with a good profit😂foh
Daniel - Broseidon Incarnate lol ur ripping people off in the same way.. at least this comes witha warranty.. the car u repair will brake in 20days
The company is having a lot of problems now too
I still haven't seen this drone at any retail, so many others that are way more popular. sharks must be all like "wth were we thinking????"
The deal didn't go through after the show.
Why didn’t the deal go through?
@@rayzhou3151 In Vanity Fair's "Shark Tank's Cast's 11 Best Investment Tips," Mark hinted that one of the owners had an irresponsible, unserious personality on their business, derailing the deal between the sharks and him. According to Mark, the one of the owners splurged his money on sports cars, vacations, etc., which made him seemed not serious about the business
Didn't know Dwight shrute worked with other people lol
You mean that Dwight shrute worked *well* with other people?
0:18
Mark was like" Something fishy is going on here"
When Kevin says this: “I love that deal I’m in”
You know that he ain’t lying.
They are now worth just $5mil
This deal was done at a $6mil valuation. Shows that too many hands are not as good as a few.
Damn
It's still in the Millions tho not bad at all
@@SALAZARLIFER_ tf?
Declining is NOT good
Maintaining is NOT good
You need to grow
@@ab3040 the deal didn't even go through, nice try though
Imagine them doing a episode of every shark that’s ever Been on their on shark tank in one video
0:37 Mark be looking like the Godfather
This business is a huge company in a small town. They are amazing to their employees. Just awesome!!!
0:39 I like how Mark looks very observant: “Well let me think.@
Update, as of now they have almost tripled their value since the airing of this episode. However the deal was never closed. Probably because a shark backed out since the founders really wanted to work with the sharks.
Barbara: "Today is a day of the week therefore I'm out"
The way he shook Draymond’s hand killed me. 😂
The black brotha gotta get something special 😏
I felt like Mark wanted to make the deal by himself.
This one of my favorite shark tank pitches. Love to see all the sharks getting paid together. Fire. 🔥
Fun Fact: This deal actually did not end up going through sadly
Really? Do you know Why
That doesn’t sound very fun it was a good fact
False I was the chair
@@jacobkidgamerextra don't know the exact details but from reading articles in the past about failed deals, most have to do with companies overexaggerating their financials/ other logistic issues. Essentially sharks want to invest in something they are presented, nothing sneaky or messy after the fact.
perfect amount of this video and right to the point. Great editing.
Mark with that perfect villain face at 0:38
Wtf did I miss something? Wtf is this about? Why was the pitch left out?
All this, but the deal did not end up getting signed lol
I like that Mark, he’s very entrepreneur oriented and wanted to make sure that it was the best way for them to go.
Their future is bright, keep inventing! Congrats guys!
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Dji is better. 1.5 million dollars and Their website still looks like crap lol.
When I saw the caption, I knew Barbara wasn't in the episode.
Mark be looking like the final boss 🤣😂😂
That was the quickest deal. And for that reason I'm out.
He says he’s excited 6 times
Too funny... JD, the guy on the left, I interviewed with him for that position a little while back. Great to see a local company in the spot light.
Mark is the Sean Evans of Shark Tank.. On point, interesting questions..
Legend has it Barbara called them later to tell them she's out
"you guys are going to own this market" haha, this drone sucks, its over priced and it doesn't do much besides fly really fast. Drones half the price are better quality and have cameras that come with it. You still need to spend hundreds more on a camera if you want one.
anyone notice how mark didnt jump to a yes, yet thought about it first, asked a question then joined? billionaire mind set,
0:41 I love Mr Wonderful 😄
Feels like the avengers just assembled
Best part of this is that no deal was signed actually after the show
No sharks in this video were out... and for that reason I'm out
🤣🤣
Are u Barbara?
Love the way Mark stares at them. Think there only on the program for publicity
1:53 you're dead to me
1:39 he DAPPED up daymond john
Thanks for the context ABC
I hope they never finalized the deal. Most of the reviews of this drone made the conclusion that these people were scammers.
And where are they now? 😂
They moved into developing drones for military use and has tripled in value since this episode.
Hands down the best deal ever made on the show.
Barbara: And thats why I'm out 😂
"we're in the Drone Business"!
Bad concept. Doesn't work. Feed it to the sharks ha-ha. In flighttest two excellent pilot crashed them what do you think what the rest of the people would do with it?
Drones are everywhere... and with they power they have they can control the market and and every application
@@zsal9145 I'm not bullshitting you i wish i was but after 8pm take a look outside straight up. u gon c drones everywhere(look for the flashing lights red and white.)They make absolutely no noise. discreet n they move very fast. U can only see them when its very dark outside. I hav pictures and videos bro. I have a video of 2 drones that I caught flying very low to the ground near my neighbors car looking for sum shit and I have many other videos. They make absolutely no noise....at all.
Z Sal except this episode is years old and I still know of way more successful drone companies.
DJI is crushing it
They are refunding all of their Kickstarter backers. Sucks their ideas didn't materialize but honest dudes who will be able to sleep at night. My hat goes off to them.
Mark doesn't look convinced at the end and you know then & there, he was going to back out and he did, so did all the sharks 😞
This drone is crap you can learn more about it on flighttest youtube channel
FPV_Arthur it’s not what you sell, it’s how you sell it
Zeus DC it’s not the bag of shit you’re selling, it’s *how* you sell the bag of shit
@@rhinestonecowboy9967 Ever heard of manure/fertilizer? Its precisely right.
5 huge mentors all of the time such an Inspiration love u all guys👍
Barbara: I really want to be in and for that reason, I’m out
Had Barbara been there, it would've been a 4-shark deal.
The whole Shark Tank concept is amazing.
Barbara-"Both of you didn't consider me in this group deal, for those reason. I'm out"
This show gets better every year.⚡️
1:53 Kevin said on Barbara's behalf "She's out"
If you guys didn't know, the deal didn't go through and xCraft discontinued their product line.
No way?
I love how every shark tank video has comments about barbara being out
When I'm not there they need deals with multiple sharks to compensate
This is one quickest deal in history, maybe ever
my of my fckng god , the real pitches
The deal never closed.
:We have a 10 million dollar evaluation. We've seen 1000% increase in sales just last year. We have cancer. We're giving away 100% of the company for $0.
*Barbara: Could this deal get anymore perfect..but unfortunately, I'm out.*
CORBUS PHARMACEUTICAL.
1:31 that hand sign and face make mark make his decision
Imagine Barbara on this episode lol
Mark just sitting there looking like Thanos 😂
This puts a smile on my face
I swear I've seen mark's face somewhere before, a character in some film, maybe even an animated one can't even tell, just know that his face is familiar
In gta many ppl look like mark 😂
He was the president in one of the Sharknado movies
Me: Entering the room
Sharks: Deal
Btw, the company currently has a total evaluation of about $17 million dollars.
xCraft entered Shark Tank seeking $500,000 for 20% ($2.5 million valuation) and left the Shark Tank with a deal from all 5 Sharks of $1.5 million for 25% - a $6 million valuation.
The deal with the Sharks did not go through and it appears none of the Sharks have taken flight with xCraft
Never once saw a ad about this business
Great pitch and delivery
Barbara: its true i wasn't there and not part of the deal and for that reason I'm out
I was thinking about the follow me craft last year. I knew someone was going to work on it sooner or later. :( (tears) bye bye idea and sketches.
Great I seen a short on this and I wanted to be surprised by the ending and the damn title ruined spoiled it.
none of them ever closed the deal, but xcraft is 17million as of 2022, so ig they are doing well anyway
They knew how to make a deal. Ppl comment on how ppl with billions shouldn't be afraid of losing 300k. If they was that reckless about doing due diligence they wouldn't be billionaires.
I just looked at the the companies site for XDRONE. It doesn't look like they have made much headway after 5 years from the show. The message on the site is they are all about military and corporate business but the demo vidoes only show people flying over snow?
Pot twist: x-craft literally dumped the sharks after the airing of their episode and after changing the drones from commertial to military they have sky rocketed amd their net worth estimation as of 2020 is 17 million $
Dang! Nothing but Benjamin's and Bentleys for them dudes, very awesome deal.
I think Mark is holding back doing the deal on his own
First video I saw about shark tank
Genius pitch⚡