Which Shark Will Invest In CoatChex Despite ZERO Sales? | Shark Tank US | Shark Tank Global

Derek Pacque is seeking $200,000 for a 10% stake in his ticketless technology for checking services, Coatchex.

From Season 4 Episode 1

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About Shark Tank: The Sharks – tough, self-made, multi-millionaire and billionaire tycoons – continue their search to invest in the best businesses and products that America has to offer. The Sharks will once again give people from all walks of life the chance to chase the American dream and potentially secure business deals that could make them millionaires.

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Which Shark Will Invest In CoatChex Despite ZERO Sales? | Shark Tank US | Shark Tank Global

[ianweaver]

“I want to, but it’s just too warm in Indianapolis right now” 😂😂

[RedwoodRider]

Better than watching the new clips with a live audience. Those are horrible. The audience reaction ruins the show.

[oliverdeeley]

Mark Cuban's offer of 200K for 33% is without a doubt a fair offer. Why? Because at the time, Coatchex had 0 sales and was just a pilot program. So, Cuban immediately saw how much work it was going to take to get traction going.

[philliplynn]

Interesting fact, in her younger years Barbara Corcoran wanted to become the first female MLB player. She quit, because every pitch, she was out.

[hattorihonzo]

For those who are wondering where he is now, Coat Chex has gotten into some big time events including the Super Bowl so he’s doing pretty good with it and growing

[patrick]

Mark asked if he was capable of making the tough decisions. He confirmed the answer is yes

[nestosauce]

Daymond was just bullying the guy without even offering any advice

[theempire]

Why is Daymond complaining if he’s not making a deal

[spokelord]

i think the other sharks, mainly daymond, were too caught up on the coat check application and not valuing the potential to expand into valet service

[chrisalters]

Mark the savviest shark there instantly shot down his professors business plan they had countless hours to methodically prepare to pitch. I would’ve already been second guessing my professors judgement walking me into the shark tank to look foolish. Him trusting his professor over Mark Cuban and Cubans business experience is crazy.

[iwrk]

I think Mark could have scaled this quickly to get ahead of potential competitors.

[anthonyp]

Either the instructor is very wealthy or just wanted him to go in front of national television for an ad.

[Mrnoahlol]

anyone else love the way mark says "bubbling in the tank" at the end of some of these videos?

[deaddave]

On one hand, it made sense that since it was untested, they wouldn’t be willing to give him much without a whole lot of equity, so marks deal was fair and maybe even a little generous from his standpoint, willing to take that big of a risk for 33%
But on the other hand, it makes perfect sense that the company owner wouldn’t want to give away 33% of his company, it’s just not worth it
His business partner made the right call telling him to say no, and the other sharks only called him crazy because from their standpoint, marks offer was generous, but regardless, he’s not making a mistake by choosing not to take that.

[BiragovDetailing]

“I would have done this but it’s a little too hot right now” 🤣. That was one of the funniest moments in Shark Tank. BTW I would take Marks deal because he would be successful anyway and a lot sooner

[horus-bwt]

he went into the shark tank in 2012. The company was inactive until 2015 when it changed its name and now makes 10 million dollars a year for a few years in a row.

[MsFunology]

Glad that they made it till now. Feel bad for the guy at first. But then I saw the update that the company is worth around 7 million now and still thriving. So, may be, it's not such a bad idea to turn down Mark.

[manaspandey]

Why was Daymond so against throughout. Its okay, if you don't want to make a deal.

[brunocohem]

It´s not about how much the company worth on that day, but where it can go with Mark. 500K + - in valuation is nothing comparing the millions he would do more with mark. Having a shark on board is another level of company... it opens so many doors that he could never even image

[LestersB]

I think he made a ball call listening to his teacher. I rather listen to a businessman about business than a teacher who only teaches it. You can't learn how to run a successful business from a book. It's outdated advice in an ever-changing business world.