RED-85-Z51
11-02-2012, 9:15pm
Best episode ever...
The last product, the plate topper device...
Guy walks in, and clearly has a very marketable, desirable, and highly profitable product, with 1mill in product orders, etc...
He walks in asking for 5% equity for 90,000 dollars. Meaking he valuated his product and company @ 1.8 million.
Now, Kevin offered him 0 equity, but 5% royalty for 90,000....the dude was like "well yeah thanks but.....any other offers?"
And lori, the QVC lady jumps in and says...she will give 900,000 for just 30%...meaning she valuated it at like 3.5million (I suck at math). He though on the offer, and then..
Damon (FUBU dude) jumped in and offered him 1million for 25%...or a 4million dollar evaluation.
At this point, he starts ti stammer some, and starts to suggest that he thinks the business is worth much more, but states he will not reveal what he thinks its "really worth"...
Damon backs out and says the dude is too sly for him...
Lori also retracts her offer and reverts back to the original asking valuation of 1.8 million...(5% for 90K)....Then the dude says "okay....Im still accepting other offers.
Kevin Herjavek...drops out...
Mark Cuban...drops out...
He goes back to Lori, but not before harassing Mark for a few minutes.
He goes to Lori and says that he feels the business is worth ...15,000,000 bucks. She sticks to the initial offer for him, and he says "Well...okay, all you other sharks, im accepting any legit cash offers".
Lori drops her offer to 90K for 8%...dropping the companies valuation to only 750,000....
He reluctantly accepted the 85 for 90K offer.
Greed, is a mother****er, aint it?:rofl:
The last product, the plate topper device...
Guy walks in, and clearly has a very marketable, desirable, and highly profitable product, with 1mill in product orders, etc...
He walks in asking for 5% equity for 90,000 dollars. Meaking he valuated his product and company @ 1.8 million.
Now, Kevin offered him 0 equity, but 5% royalty for 90,000....the dude was like "well yeah thanks but.....any other offers?"
And lori, the QVC lady jumps in and says...she will give 900,000 for just 30%...meaning she valuated it at like 3.5million (I suck at math). He though on the offer, and then..
Damon (FUBU dude) jumped in and offered him 1million for 25%...or a 4million dollar evaluation.
At this point, he starts ti stammer some, and starts to suggest that he thinks the business is worth much more, but states he will not reveal what he thinks its "really worth"...
Damon backs out and says the dude is too sly for him...
Lori also retracts her offer and reverts back to the original asking valuation of 1.8 million...(5% for 90K)....Then the dude says "okay....Im still accepting other offers.
Kevin Herjavek...drops out...
Mark Cuban...drops out...
He goes back to Lori, but not before harassing Mark for a few minutes.
He goes to Lori and says that he feels the business is worth ...15,000,000 bucks. She sticks to the initial offer for him, and he says "Well...okay, all you other sharks, im accepting any legit cash offers".
Lori drops her offer to 90K for 8%...dropping the companies valuation to only 750,000....
He reluctantly accepted the 85 for 90K offer.
Greed, is a mother****er, aint it?:rofl: