Best Of Kevin O'Leary - Shark Tank Part 4/4

that tactic not only backfired it triggered a cascade of dragon doubt the problem with you is you're not alive but you're not dead I know the thirty thousand year have cursed you to keep going on this toil you get up in the morning hoping that this thing's gonna tell them it's not true cover because it dangles thirty thousand a year no well if you actually don't listen to what I am trying to tell you but the numbers don't lie I don't think you just cut people off rudely you know here's the thing about me I always tell the truth you haven't sold any more thousand but you're starting to get on my nurse listen here's hope you're lying you go downstairs get a bottle of wine right with the product you set it on fire you drink the whole bottle and write two of you come to peace right it doesn't work you know what Kevin I think you're a liar I think you know nothing about football Kevin doesn't matter sure it does it's the number I want you to embrace failure and you know I don't want to be part of the whole this is ridiculous I'm out I'm trying to find a place where I can see an opportunity to invest and I have not found it the eye probing you and sticking the needle in you have not given me a chance to put any dollars in there show me why you're gonna sell more than thirty thousand a year without telling me it's a fantastic idea because you believe it so mark it's not telling me that Evan are you in or out I'm out so I'm so up but you know what I wanted to I want to bring truth between the brothers because I'm on a mission don't sit here in lecture us about truth when you know nothing about truth your reputation is rude and arrogant you don't listen to anybody you come into my kitchen buddy you got to take the heat this is not your kid yes my money you want to get to this or whatever makes right to be rude or an arrogant you have no right you just don't listen I asked if you don't like pork baby show me how I can make Donnie Indian told me the game's great just kids love it they don't sell there's nothing professional about this conversation you don't you don't agree with him he doesn't agree with you we don't think you have a good idea that should be the end of a professional discussion yeah and a story thanks for your time where the double doors are water rude what some people if you talk to me like that I'd either I have no cross the table and hit you or walk out on you I was really hoping I get John on my side to bring a wedge between those two guys so he'd stop wasting his money I was on a mission I failed that's the only thing I'm saying answer this for me okay do you want to make a great guitar or do you want to make a lot of money well I want to make a lot of money building a great kitchen I don't want to make a great guitar I just want to make a lot of money and I think you have a great product I think we can license it what will you sell me the rights to that patent for I would be interested in 49 51 million dollars did you say million yes million Jeff has offered the Sharks 49 percent of the patent for 1 million dollars Jeff you're looking for a million dollars now I'm having indigestion but go on nobody knows they can do it I'll make you an offer here's how it works in the context of the guitar industry you're a nothing better still I'll give you $500,000 for 51% of a company that owns this patent so so answer the question for me why do I need you to license the guitar I have tremendous experience in the licensed space you wish I was your partner but you said you have tremendous experience doing license deals just hit me with one at my company that sold for 3.2 billion is all licenses dude did you say 3.2 with Abby yes I did Kevin O'Leary has offered Jeff $500,000 for 51% of the patent I won't give up 51% okay why Jeff Kazami that's the problem Jeff I'm out there if you're not willing to give up the 51 I know I'm gonna defend you against you that's why I want 51% that's why it's so important you understand why that matters you have a different vision you need a partner that only has one direction creating wealth Kevin is your your offers 500,000 for a 51% I would go 250,000 for that to bring the TV to the table on this this office and be my partner in the deal but it's a 41% that you tell me through your infomercials how many units come look what could you push you could sell hundreds of thousands he has the power of television that's one of the partners you get you guys are in the you're going in the wrong direction it's so obvious mr. guitar guy and son who hasn't said anything yet do you speak I do speak all right if I'd be more interested if we he's here back in fine barber I think there's a fly in the ointment I don't think it's so easy to create change with a big manufacturer and when you start selling them on that hinge I bet there's gonna be some other little nuance that gets in the way the deal so I'm too nervous to be in so on Jeff it doesn't seem like you know what you want I'm out three sharks are out and there is one offer left on the table yes or no I would accept the deal fifty-fifty that's not that's not a deal table okay yes or no I don't accept the deal is on the table I'm stunned of your greed your absolute just said that greed wanting to make money is what this is all about you had an opportunity to make money and you passed on your a tragedy you're a human tragedy you know given me a lot to think about your brilliant business people I'm gonna have to decline but I hope we have an opportunity to work together down the road on this project or on others there is no tomorrow you're dead to me when you say no to my deal you're dead you're gone I don't even know if you are your vapor Jeff Thanks I'll send you an invoice for my time unbelievable unbelievable that guy had a real shot at making money and said no this could be a hundred million dollars on TV that was a hundred million that is a human tragedy and he's teaching his son that it's a crime he should be arrested when's the part where you tell me how I make money we just got a contract for 1.2 million dollars with the territory of in Nunavut and so they are wanting us to be able to guaranteeing you the 1.2 million they're guaranteeing more than that they're saying start with that Wow one of the great things about this business are the margins let's talk about the margins there's huge margins yeah it's $10 per gram that's $300 per ounce your cost is practically $5 that said are you talking about margins on marijuana yeah yeah that's amazing margins medicinal legal marijuana legal marijuana is huge but ian is standing in front of jim Treliving who as a former RCMP officer spent years busting drug dealers you're probably a nice guy and you sell three ounces to the and you're probably trying to do this legally I have a problem that all that both goes with it at the end of day I used to chase guys like you because of all the bad stuff we wouldn't chased me because I didn't sell anything until I got authorization do any of the health plans in Canada cover this as of right now there's not a drug identification number applied to the problem this is we're not debating the morality or legal yeah actually we're may not have moral fiber mine does does that mean I'm not a moral person I don't understand enough about what you're selling to know whether it's good or bad compared to what other drugs are but I know that I don't agree with it so I'm not going to support it and for those reasons I'm out I'm not finished so I have no problem with what you're doing at all okay a legitimate businessman you're pursuing an opportunity and you're servicing a need that people have yes here's my problem many people in societies you've just seen here today don't agree with what you do I have employees that rely on me feed their families I can't jeopardize their livelihood I can't associate my business with this as a result and so I'm up you just said that you run your business based on other people's expectations of you instead of your own expectations of you that is completely you know I have no problem with that man right then don't because I won't I won't let your really your prejudiced and others like you here take my business and my employees it's outrageous what you're saying really is are letting up you are so from the past no but listen I have no problem with you in fact you're doing and good luck to you and run a good business

Channel: britishtuna

Views: 816,458

Rating: 4.6734695 out of 5

Keywords: Shark Tank (TV Series), dragons, den, kevin, o'leary, funds, olearyfunds.com, harrington, shark, tank, usa, best, of

Id: iOurt19fP28

Length: 10min 38sec (638 seconds)

Published: Tue Apr 24 2012