but Daymond questions Tate's
motives for coming to the Tank with his back wheel business,
Chirp, when he might not need
the investment. Why take the carpet from
somebody who needs the money? We believe
that the Chirp wheel needs to be
in every home in America. So do not care
about anybody else who desperately
needs the money.
He's trying to grow his business. I'm asking the man
a question. Well, if he grows big enough,
he can hire more people, so there you go. I am genuine on this carpet
about looking for a deal. I want to have a creative offer
for you guys where you guys
make your money back fast. If we do over $100 million
in sales next year, I would love to cut you a check
for the million dollars, what you invested back
into the company. So if I gave you an offer
right now for $900,000 for 2%,
you're telling me that you would give it back
to me at the end of the year? The end of next year. So, I will give you that offer
if you will do that. You want creativity,
here it comes. I like sales.
You've got sales, alright? I can get you 15% less on
your customer acquisition costs. Whatever you're doing,
my team can do it better. That's what I believe,
alright? [ Laughter ]
Love it. I'll give you the $900,000
for 2.5% equity, and I want a royalty
of $3 a unit till I get back
$2.7 million. So I'm basically
doubling my dough,
[ Laughs ] and I don't have
a time limit. I'm not putting you
under pressure on time 'cause poo-poo
happens in businesses, and I don't know
what's gonna happen to you. But remember one thing --
there's only one Mr. Wonderful. Thank God for that. ♪ I'm really here to give
opportunity to people that may be
at an earlier stage than you or maybe not had
as much success as you. I'm not holding your success
against you at all. I'm just saying to you it doesn't feel right for me
at the moment. With that, I'm out. Thank you.
I appreciate the feedback. Tate, you're a good salesperson,
right? You're obviously doing well. I just get the sense
that there is a COVID element that's really escalated
your sales that aren't gonna be
straight line up to justify the valuation. So for those reasons,
I'm out. I appreciate your feedback.
Thanks, Mark. Tate, the one thing I do know
is sales never lie -- ever. You've hit magic. And how long it's gonna last,
I don't know. But I want to go along
for the ride. $900,000
for 3% of the company. You pay me back $1.50
off every wheel until I recover
$1.2 million. Okay. Would you guys consider
going in on a deal? With Kevin?
Are you kidding me? [ Chuckling ] No, no, no.
[ Lori laughs ] I love ya.
I'm a huge fan. But I want
Lori and Robert. Why would I want to partner? I'll give you
the $900,000. You'll pay back
$500,000 this year and $500,000 next year. Okay. And I'll do that
for 2.5%. 2.5% or 2%? 2.5%. Was your original deal 2%? It was. [ Laughter ] Tate, you can absorb
the $1.50 per unit. Yes, it is a royalty. It's the first time in 12 years
I've made a royalty deal. You have learned,
grasshopper.
Greiner: Why are you afraid? If you're gonna make the money
you're gonna make --
I don't have a problem with that. Neither should you, because of your cost
of goods. Let Tate make a decision! Tate, it's up to you.
What are you gonna do? Lori, we'd pay you back
$400,000 this year, $500,000 next year. You recoup your entire
investment in the next 18 months --
no risk. We don't have to tie it
to $100 million, and we'll do it at 2%. ♪ 2.5% and you have a deal. ♪ What happened
to the 2%? Oh! Either you want the partner
or you don't, Tate. I mean, seriously. You have no partners,
Tate. Yeah,
you have no partners. Maybe it should be 4%.
[ Laughs ] You have 97.5% left. [ Laughs ] Lori, you got a deal. Okay!
Whoo-hoo! Oh, my gosh! [ Laughter ] Cuban: Congrats. Thanks. Oh, my gosh!
[ Laughs ] Aaaah! Pop, pop, pop,
pop, pop!
00:04:10.876,00:00:00.000
What up, what up,
what up? Whooo!
