Anyone watching Shark Tank? They're throwing money at this guy...

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Kelemvor

Lifer
May 23, 2002
16,928
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He's got a cool product and they are throwing millions at him. I've never seen it like this before...
 

MikeMike

Lifer
Feb 6, 2000
45,885
66
91
He's got a cool product and they are throwing millions at him. I've never seen it like this before...

is this the season premiere? the one that has been on hulu for a while?
aka the guy with the patent for a bottling process...

if not, no im not.
 

Kelemvor

Lifer
May 23, 2002
16,928
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No, it's some air filters that you wear on your nose. THey offered him 4 million to buy the whole company and a 10% royalty for him and he passed. He asked for 5 million and the guy backed out.
 

MikeMike

Lifer
Feb 6, 2000
45,885
66
91
No, it's some air filters that you wear on your nose. THey offered him 4 million to buy the whole company and a 10% royalty for him and he passed. He asked for 5 million and the guy backed out.

nope, havent seen that one...

im going to assume he/the company owns the patents though, right?
 

Kelemvor

Lifer
May 23, 2002
16,928
8
81
He passed on a $4 million buy out plus a 10% royalty and settled for $750,000 and sold 30% of his company and pays them a 10% royalty.
 

MikeMike

Lifer
Feb 6, 2000
45,885
66
91
He passed on a $4 million buy out plus a 10% royalty and settled for $750,000 and sold 30% of his company and pays them a 10% royalty.

i wish someone would walk in there, and just write down every offer and compare exactly what they are offering... because that makes no sense... other than he didn't lose the company.
 

Kelemvor

Lifer
May 23, 2002
16,928
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i wish someone would walk in there, and just write down every offer and compare exactly what they are offering... because that makes no sense... other than he didn't lose the company.

Yeah, he just didn't want to lose the company since he really believes it's a mega product. But damn, I think I'd be $4 million richer if that was me.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
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Yeah, he just didn't want to lose the company since he really believes it's a mega product. But damn, I think I'd be $4 million richer if that was me.

Yeah, I would have taken the deal. Even if it is a mega product, he'd still be getting 10% royalties on every sale.
 

SonnyDaze

Diamond Member
Jul 31, 2004
6,867
3
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He turned down the deal and kept ownership of the company because of his personal interest in the company/product. He is a cancer survivor and had others tell him that his product changed their lives, yada, yada, yada.

If that was me I would have been a 4 millionaire cancer survivor!! :)
 

disappoint

Lifer
Dec 7, 2009
10,132
382
126
What a shit website. They don't show how the products works, how you wear it or even what it looks like. Not 1 pic of the product itself?

w....t.....f?
 

HAL9000

Lifer
Oct 17, 2010
22,021
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What's Shark Tank?

Edit: Just Googled it, American remake of Dragons Den.
 
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Kelemvor

Lifer
May 23, 2002
16,928
8
81
In the show they said it worked like louvers. When you suck in, the mesh closes up to filter the stuff out. When you exhale, it opens up and you basically blow the filtered stuff away to clean it with each breath.

At least that's how I understood it.
 
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