Würkin Stiffs Entrepreneur PISSES Daymond OFF! | Shark Tank US | Shark Tank Global

first into the Shark Tank is Jonathan boobs with an Innovative product line for the well-dressed man [Music] hi everyone my name is Jonathan booze and I'm the owner of the men's brand orkenstiffs as well as the inventor of power stays the world's only magnetic collar stays I'm seeking 85 000 for 10 equity in my company now this all started back when I was actually running late for some dinner reservations my wife was yelling as she threw a brand new shirt at me to put on I've seen that I had a big problem I looked like John Travolta from Saturday Night Fever the collar was all large and in charge and I couldn't control this thing so I found some ordinary paper clips and I found some magnets and I made the very first magnetic collar stay I haven't worn a shirt the same since so first you take our power stay and you place it on the underside of the collar there's a collar stay pocket Flip Your Collar down and we have a super strong small magnet and this goes on the inside of the shirt and instantly change my shirt into a hidden button-down collar so wherever you put your collar is where your collar stays there's nothing else like this in the men's wear industry these are spectacular thank you we knew we had something pretty special when we acquired three high-end men's specialty stores What retailers you sell them Nordstrom contacted us we did a test of our power stays which launched in 24 stores within three months we went to 77 stores we had sold over 18 000 units we made them over 600 thousand dollars retail we're currently in all 115 Nordstrom stores Jonathan you're the real deal oh yeah I am the real deal I designed and produce all this stuff myself the packaging the displays the product it's all made Jonathan what are your sales today in all the products the other day today I'm at a half million expecting 1.8 next year 1.8 wow what are you going to do with the 85 000. damn it anybody here you should know what can I do with 85 000 you really take this brand to the next level I need to get someone that knows what the hell they're doing to get me there so I can continue to create I've got products on the drawing board I've got products right now still in development Jonathan let me tell you something I love your passion I love your knowledge I love your approach I'm waiting for the butt yeah there's a bud coming I'm not the guy with the connections I'm not the guy who adds value I'm just not the guy to help you I'm out Johnson I just I really can't do anything for your business so I'm out the guy that's staying the most quiet is the one that can help me the most but he's staying quiet I'll make an offer I'll give you a hundred thousand dollars for thirty percent of the business but I want a royalty on that money I want a 14 royalty [Music] so it's like a loan no I'm getting a ton of equity too I want 30 of the company that's a loan right no it's not alone Robert's giving me the eye that's allowed you're paying 14 off the top I love Roberts Robert gives you the eye but he doesn't have any money that's the problem in the end you need cash my friend I'm making you an offer never disrespect the cash don't like that deal you know why I like that deal because I know you're going to need more cash you're going to be calling me every 90 days for a quarter of a million dollars [Music] and if things are going well I'll keep doing it but yeah yeah yeah right exactly all right you have an offer that's on the table great anyone else why don't you like his offer I need more than money I need someone that can help me Damon you you sold hats one product right and then you created this Empire of a brand oh so you're looking at me like I can't make this into a successful brand that's what I don't get I don't know where you're coming I didn't say you can't make it a successful brand people who are successful have thoughts of high value and people who are not have thoughts of low value so you're valuing yourself High how am I valuing myself out 85. you should be but if you're gonna argue with me then I don't want a partner who's going to argue are you out of anything because of that I'm doing I mean I don't I don't get it I was actually going to throw an offering table now he's gonna say because I was arguing you see his hand right there I still am not done talking I'm out I know it to clarify what I was trying to tell you was the reason that you will be wealthy is because you have thoughts of high value I was trying to give you a compliment okay when I was trying to talk I could not speak to you you took forever I know I'm sorry and never take forever again because I was gonna give you an offer and you patched the offer oh what a baby you want me to get on the phone with him every day I'll put in the contract I'll never call you again I cannot stand partners that I can't even speak to if you would have shut up he would have had an offer I'm gonna apologize for real I apologize I didn't mean to come off that way five and offended you in any way you didn't I would do nothing you did not offend me I'm not offended my feelings aren't hurt I'm just I think you're missing out on a great opportunity come on Damon you're such a baby cut it out listen Barb I have pet peeves you do this is a pet peeve get over it wow you really hurt his feelings Jonathan let me talk to Robert my last chance and then and then sit there and just think about it I'm a nice guy I'll stop talking okay Jonathan it's not the first time you've heard that is it no oh yeah I want to be here if I took no for an answer next I'm actually upset you know why because I like it well and I like that whatever see I mean whatever no no what what Damon I'm here to all right Damon he's nervous he's a high energy guy why don't you cut him a little slack why don't you cut him a check this is all wonderful let's hold hands and say Kumbaya Jonathan do you want my hundred thousand dollars or not [Music] Jonathan I'll make you an offer I'll give you the hundred thousand for thirty percent no royalty would you go 200 000 for 30 wait a second I'll drop my Equity ass down 100 000 for 20 but I want the oil to stay in place that's different than what he wants he's a Savage she's asking for a third of your business you're a vulture because I mean I should be getting the royalty here I mean I'm the one that's creating this stuff Jonathan I'll give you a hundred thousand for twenty five percent uh that's my final offer I'm gonna go back you Barbara what are you doing I'm gonna give you a hundred thousand dollars for twenty percent provided Damon forgives you and I'll be a front mandame you never have to talk to this guy you just enjoy his success and you know I'm a great frontman [Music] that's not enough oh Damon that's not enough percentage on the company so what is it you want to match his at 25 percent [Music] oh can't take less than 40. Jonathan come back to Daddy come back to Daddy I'm putting a difference of only 15 due to my knowledge that's all that's the difference okay I'll drop my Equity ass down to 15 percent but the royalty stays in place with with Damon and Barbara be willing to do 30 percent 100 000 for 30 equity absolutely not the offers are hard offer [Music] that's it Jonathan you have to make a decision now [Music] yes I would like to do a deal with Barbara and Damon great you know what I deal with creative guys like designers you will never get a word in and you'll never get anything done you were spanking him like a baby seal I almost blew the deal with Damon because of my big mouth Barbara love you thank you for getting that hook out and getting Damon back into the game appreciate it dive into the Shark Tank Youtube channel And subscribe now

Channel: Shark Tank Global

Views: 902,284

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, wurkin stiffs shark tank, wurkin stiffs collar stays, wurkin stiffs still in business, wurkin stiffs after shark tank, daymond john funny moment, daymond john shark tank funny moments, funny pitches shark tank, funny pitches shark tank usa

Id: 6JEAIDPe-KI

Length: 10min 16sec (616 seconds)

Published: Wed Jun 21 2023