Kevin & Robert Fight For A Deal With Zip String! | Shark Tank US | Shark Tank Global

[Music] next up is what the entrepreneurs believe will be the next big hit toy hello sharks I'm Austin hilum and I'm Steven faio throughout the decades we have been introduced to objects that have entertained and engaged Millions early on it was the yo-yo in the 60s we had the ETA sketch in the 80s there was the Rubik's Cube now introducing the toy of the [Music] future zip string anything the user does zip string follows the string flies around 35 mph and yet is safe to the touch all right sharks watch this trick it's called the swirl this one's the cork screw this one's the step through and the pop presenting the portal zip string Glides around smooth objects oh smooth objects ziping has taken the World by storm oh my God it's so cool we are here for a $100,000 investment for 10% of our business sharks who's ready to Z let's show you guys how it works some of you already figured it out so what you want to do is you want to hold it upright like this with the logo facing yeah yeah there you go ulates your movements guys come on I love it we love it too did you invent it yes tell us the story how you came up with it I'm super passionate about Electronics a couple years ago I watched a physics teacher demonstrate a benchtop string launcher he had this device that would launch a string in a loop and I took that benchtop version I compacted it made it handheld and I made this prototype everybody loved it but I knew I couldn't make a scalable business out of it until I had Austin over we were just nerding out about this device my father had some great input and we turned it into a toy I put that toy on my social media and by the end of the day it had over 20 million views wow what it hit the front page of Reddit oh my God it went just absolutely nuts we had everybody reaching out to us when was that this was just over a year ago so how many of you sold from all that we sold over 10,000 that's it and how much did you charge for them you Char 20 $5 25 why with 20 million views you only sold that it cost to make them it cost $635 so here's what happened so we did a Kickstarter ran that successfully an All-American commedy group known as Dude Perfect reached out they loved it they took it on a nationwide stage tour showed it around the world today zip string is in over 50 countries we've had so much exposure over 200 million views in total Austin after the kickstarter yeah 20 million views news national tour all of that yeah what were the total sales in dollars yeah $277,000 why so little with all due respect if we didn't have 20 million views and all the other stuff I'd say hey great start why this and only this supply chain we were struggling to figure that out the demand was there pre-orders were coming we couldn't make them fast enough we weren't ready have you solved your supply chain problems supply chain is all set up can you do an order for 100,000 units we can as long as we have the cash how does that reduce the price cuz right now you're paying 635 to make them I know we can get it down to $587 M $25 is too expensive I think so what is the expense in this a battery that's the largest expense that's correct why you think $25 for this is expensive do to much should be for little kids yeah for parents to buy for their little kids5 is five times have you guys not bought stuff if you could be 9.95 you would sell them like billions and here's what's happened we've talked and have a verbal commitment with Walmart Canada to start shipping and selling these there it'll be $4.97 I'll make you an offer I'll take no equity whatsoever if I've ever seen a royalty deal it's this one I want to Buck a unit and I'll give you the $100,000 and watch what I can do in blowing this thing up there's only one Mr Wonderful Kevin is that in they don't have that big a margin what's perpetuity Robert forever oh yes it is here's what you're investing in you're investing in a new category of toys really Austin I've heard this my whole life new categories of everything this is a new category we are the category Kings what do you think of my offer if there's no other offer all of a sudden I'm feeling even more wonderful let me jump in I mean I love the Innovation love you guys I think it's early so I am taking myself out I wish you good luck it's not I could help with honestly it's not for me I'm out all right guys um couldn't love it more couldn't love it more seriously um the key for me is you got to keep going right you got to be the cool stringy floaty scientist geeky product that's the investment I want to make that's the ride I want to go is there an offer involved yeah I will give you a 100,000 for 20% I'll do I'll do 100,000 for 15% I'll do 100,000 for 10% exactly what you offer if you take the deal I'll give you extra I'll do it for [Music] 9% can we take a second to talk real quick wait wait wait wait wait guys let me let me step in what you guys have done is great right it's created you got a chance to make some money but as an investment I I I think it Peters out at some point I don't really see it as being investable so for those Reasons I'm out oh sure thank you m Robert just thinking here you and me together for 20% for $100,000 I like it you know why because you double your social media fall you get two sharks and we're a little Sharky together instead of us killing each other we help you double trouble double trouble so basically we give you 100,000 for 20% you get two sharks oh I love that Kevin guys $100,000 for 20% 100,000 20% two of us would you I your previous offers are those still available are those still on the table there is no rearview mirror in my life you got to let it go this is the deal in front of you right now what do you want to [Music] do all right we're going to counter the counter is would you be will to go for 15% together no you know why I want to get up in the morning and feel I own a piece of it come on we each own 10% yeah this is a this is a toy that's going to be in every house in America we agree which is why we made you the offer you guys realize that you had an offer before at 9% but you didn't grab it so now you're sitting here 20 that happens in the shark syum sign Once you walk out with a deal you get two sharks that's extremely valuable all right uh-oh what's going on Robert Kevin you got a deal all right's zip around oh yeah absolutely fantastic you very much's going to happen next let's build a big business all right take care guys what do you think man dude two sharks 20% you know $100,000 9% would have been the deal we probably should have just grabbed it up but you know I don't think we lost at all in the end with two sharks joining I think this is going to be an exciting ride good day in the [Music] tank

Channel: Shark Tank Global

Views: 181,913

Keywords: Shark Tank, Shark Tank US, Shark Tank Australia, Kevin O’Leary, Barbara Corcoran, Daymond John, Robert Herjavec, Mark Cuban, Lori Greiner, Dragons’ Den, Money Tigers, Entrepreneurship, investment, reality tv, zip string shark tank, zip string, zip string toy, robert herjavec zip string, zipstring shark tank

Id: chm92UZAmbs

Length: 9min 6sec (546 seconds)

Published: Fri Feb 16 2024