Family-Run Spaghetti Operation May Need To Split | Shark Tank AUS

Nathan Baws and brother-in-law Joel Sneeuwjagt are seeking an investment of $350,000 for 15% share equity in the company. Tommy Sugo is a Spaghetti and Espresso restaurant run with deep family roots, so deep, the Sharks fear a deal could split them all apart...

An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.



#SharkTank #TommySugo #HowSeriousAreYou

[johnmantovani]

I have a very long time fan of all the American sharks. However I must concede, the personalities, and the compassion and politeness of the Aussies has won me over 100%

[commanderkeen]

LOL Janine offers worse deals than the Mafia

[rag]

My phone is on 2%, and for that reason, I’m out.✌️

[Hasan-irzl]

Janine is actually the greediest shark of all. She will always try to rip off the entrepreneur with her cunning deals

[manoman]

Man, I love Steve. He gets to the core of an issue. Brilliant.

[DaveTexas]

Naomi: I saw a cat last Tuesday. And for that reason, I’m out.

[jeroen]

"I want 51%." "Will you accept 50%?" <two minutes of tense music> "Yes"

[gt]

Now - "We pitched our restaurant concept on channel 10’s Shark Tank to a bunch of hungry investors. Although we did receive offers from the sharks, at this stage we are still independent". Luckily it seems it never went through

[AdamFrancisco]

Wow Janine FLEECED them. They have a solid product. Should have done 33% each.

[rohan]

It couldn't have been worse for those guys, Janine cracked the best deal of her life..!!

[chrisstephens]

The 51% was a slap in the face. It would then no longer be their company, it would be hers. She did that as a power move and I’m proud of them for not falling for it.

[jaykaria]

They shouldn't have accepted the deal, she knew she was asking for too much of the equity and she didn't even give the 350k for equity. She spilt the investment as loan which the company will have to pay later on in the future.

[NvTeddy]

I require your entire business and your father in-laws heart + all your hard work and preparation. In addition ill need 20% on that 200k I loaned you.. DEAL!

[CaptureKing]

Did she really take that long to make a 1% decision or was that just bad editing for dramatic affect where there was no drama?

[Viewer]

it was a greedy offer, but i feel like they should have followed through with the contract signing after the show. i will assume they said no (rare occurrence). i will also assume this was aired in 2017 as are the majority of recent uploads. this means that after years, they still are just a single family run restaurant. with 50/50 split and the loan, as Janine said, they would have branches immediately. Janine is greedy, so she'll try to expand it. We might've seen it across Australia, or even in the States by now. Instead, here they still are, 1 family run restaurant dependent on their father-in-law.

[shashwatrocks]

Australian startups - 1million revenue, 500k valuation

Indian Startups - 1million loss, 10 million valuation

[techlife]

Janine claims that nobody can run multiple businesses at once because you have to put your soul into one business for it to have the best chance in succeeding but yet Janine is making deals left and right and is the part owner and owner of over 200 businesses worldwide. So Janine can run 200+ businesses but nobody else can run 2 businesses by themselves. Janine must be majical.

[rtushar]

Ridiculous! The least that they could've done is ask her if she can drop the equity after getting back the money.

[gpelletier]

1:28 janine trying to hide the joy of profit

[gauravpatil]

I feel I am lucky to got to know about this I see this as sort of education for me