The founder of Expocentric, Stan Kruss entered the Tank seeking $2M for a 10% equity stake, putting the startup’s valuation at $20 million. Who will take the bait?
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As soon he said $2 million dollars, these ‘sharks’ knew they were out. They just wanted to ask questions and find a reason to be out so they didn’t look cheap.
Exactly….This guy knows his stuff
@Maxwell Baker lol I was gonna say… well, by that standard I could be a 1/5 of a shark today lol.
I thought the SAME THING
Only Marc Cuban is willing to spend that kind of money. Like drake said. I just watched Mark Cuban win a million off a couple hands lol
@Vicente Velutini why are you shining their shoes, boy
I would really like to see this guy succeed and prove them wrong
@Weasel Fartood if you were to look at the other comments or even look it up, an entirely different story happened
That’s not true. The company is not worth that much
@Anton Rauff Sørensen Stop making up numbers on shark tank products. It’s valued at 15 million in 2021. No where near 112 million.
RIP covid though
SPOILERS
They’re mad because he treated them as equals rather than as superiors.
@Dctexas 11 That’s the whole goal with business, you make the other party feel less than what they actually are so you can get a better deal for less money.
@Micheal o3o not necessarily definitely depends on the person. But yes I agree with you in the instance
Why would they be mad? Does it cost then money?
I feel like the sharks were pressured more than mad. By pressured, meaning the guy talking too much or saying so much details when he could’ve just went straight to the point in what the sharks wanted from their answers. You could see their frustration with him speaking so quickly and saying so much when he could’ve said numbers which the sharks are interested in more than the business.
This man is a genius, he successfully got free advertising for his business & made the sharks look like a bunch of betas. Man is a true Alpha
@As a White Man true haha, this entire comments section is weird, with people either completely in awe of him or fiercly attacking him
Alpha don’t sweat. He is genius ..sure. But also Sharks are shark. What makes you think they don’t know that already. .or the team that selects the. To come to this point doesnt t know it already.
SIGMA
@Corona they’d Aint outta business lol
Exactly what i was about to say! He went full Sigma on them.
These sharks are small fishes. The moment they heard $2 million they were done 😂😂
I would think it’s more from hearing that sum with low percentage (“another one of those types”) while people have earned some 4 digit sum making the stuff personally. They often react as such, at least in the edits, until they hear more.
they invest in 100s of companies.. so imagine investing even $500,000 how much it will gross..
They need mark cuban billion man
Glen would of bought in
😂😂😂😂😂😂🤣
I thought he was extremely polite, informative and that they were all intimidated by him and didn’t like the fact that he wasn’t subservient to them.
@Sagnik Bose I don’t know what that means but in either case there’s always someone selling when the other is buying
@Elies yeah well ur right but that’s a very basic definition doesn’t capture or explain the main point about investing which is making money
@Sagnik Bose my main point is that each party tries to relate the risk to reward and win on the reward side, but one party is always going to be incorrect in a sum zero game. Kelly formula strategy.
Mageba! 🙌
@Sagnik Bose I don’t think he is successful. For example: Jerry Jones has made the Cowboys the number 1 financial team (this is a poll provided by Sports researchers) And Jones has not won a Championship in over 25 years. THAT is a successful businessman. Like one of the Sharks said: “You have ridden the upward trend….” meaning he did not GRUEL it out when things were bad. WHICH IS the point. The man capitalized on the upward trend. ALSO, HE WALKED IN TO ASK THEM FOR MONEY….. If he didn’t need their money, he would never be there. So HE IS subservient to them.
I didn’t even notice anything irritating about him. He gave straight answers and yet they are mad that they couldn’t get him to say something dumb.
@Hallowed Acolyte The man sounded like he knew his industry and company like the back of his hands. No hesitation, just straight to the point. SOmetimes i do wonder what do these sharks want?
@Eugene Chin when you come to pitching you should pitch. If you are know it all then why are you here for pitching.
@Aniket Prasad funds and contacts?
@R if you want someone’s money you have to be convincing as a person right? Nobody would like a person who gives the feeling that “invest quickly or you will miss”
Sorry but im on his side. The sharks were being annoying and A Holes. Hes clearly successful and “spoke fast” literally too quick for her.
I’m from Germany not a native speaker and could understand what he was saying 😂
He seemed very arrogant, and he acted like a politician, not a single straight answer. He gave them too much irrelevant information during single questions.
Jealous sharks
He said “I disagree” then moved on.
Boss move.
I think they edited out to make it look like that
He should have asked him where he’s from first, then say he disagrees!
Sounding like a boss doesn’t make you a successful business man.
Eh if you’re going to an investor, I think you should ATLEAST explain why you disagree
Well he actually did in his pitch and his previous answers
i’m happy that when he comes and watches his video on youtube, there’s a lot of people who sees the sharks as a-holes and not only him. what an unfair treatment for him, they interrupt him when he speaks and calls him out when he answers. what idiots
he probably don’t even have the time to browse youtube, he is too busy making money. lol
He’s clearly a smart guy. He was probably processing what they were telling him very fast and it was a bit rude of them to all treat him the way they were. Anyway, good stuff. I like watching shark tank because it has invaluable tips, is entertaining and it inspires me to never give up on my childhood dream of being an inventor.
A lot of rich people do this,where they think their advice is invincible. This guy is top notch CEO…. I didn’t see anything wrong with this dude….Wow!
@Stansman What shares? His company isn’t public dude lol there are no shares. He is selling equity.
He is definitely top notch but I don’t think anybody from the sharks thinks their advice is invincible. I think they were more like “pressured” and that the guy was speaking so much that he could’ve just said the stuff that the sharks wanted to hear and that made the sharks perceive him as something bad or “irritating” like the shark from the right said.
The guy was the real shark! They tried wounding his emotions by saying he doesn’t know how to listen. The man is a real boss
or more like an Orka which can kill sharks …
The fact is, he didn’t NEED them, and that didn’t sit well with them. He was offering them a legitimate investment into his multimillion dollar company, and instead of being excited, they were condescending to him.
From this episode, I actually learned more from the Entrepreneur than I did from the Sharks. They were just petty and let their egos cloud their judgement.
“When everyone is digging for gold you should be selling shovels” that was brilliant Steve
Checking as of April 2021, this company is worth $36.60 Million. What the sharks were trying to do, to make it a TV program, but he was just for a deal. And he only needed money to pay the sharks, that is all. No information to provide, but him to be trusted on what he achieved and where he was standing. They definitely evaluate everything before they record the program, so he might’ve been informed that the Sharks do not show enough interest, therefore, he wanted to be quick and not waste his time as he said at the end (get back to work and sign some more contracts lol)
Look at Elon, he is socially weird but a boss.
Credit to this guy for being himself.
Boss, CEO
Fun fact: this business is now in an exponential growth period.
Don’t let anyone step on your vision. Do like this man and make your dreams happen regardless of what other people tell you.
This just made my respect for the sharks plummet. He was all over them and they were intimidated so they tried to humiliate him. Over 5 mil in a year speaks for itself