Shark Tank US | All Five Sharks Fight For Deal With TheMagic5

Bo Haaber and Rasmus Barfred are seeking $500k for a 2.5% stake in their company TheMagic5.

From Season 13 Episode 4


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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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Shark Tank US | All Five Sharks Fight For Deal With TheMagic5

[NikhilKala-nmhz]

Legend has it that Mark is still open to a counter

[jimmyrustler]

One of the most impressive pitches I've ever seen in the tank, not a single stumble and really made every shark sell themselves, even Mark stayed in after giving an ultimatum

[coletadlock]

That was crazy. This was like instead of the entrepreneurs pitching their products, it was basically the sharks pitching themselves 😂😂

[themagicgoggles]

Thank you for all the positive comments about our pitch! It was such a crazy experience to present in front of the sharks, but it couldn't have turned out better. We are so thrilled to have both Robert and Mark on board.

[jagadeesh.g]

Mark said he didn’t want them to listen to other offers but still he waited till the end without going out. It is very rare and it explains how good the entrepreneurs are.

[ImakittyLAWL]

As a former competative swimmer, $55 is an AMAZING price for goggles. Let alone custom made and high quality.

[Asif]

For those wondering after the show Mark approached Robert stating he had got a brilliant deal. Robert agreed to go 50/50 with mark on the $1mil which the company accepted

[omegalink]

I can see the drive in Mark's eyes, it's not about their goggles but about the technology they created and this is worthwhile because it can be applied to so many different fields.

[calebharrower]

It's rare Robert lands a deal when Mark and/or Lori are also interested! Love to see him get one when all others were still in!

[joren]

They didn't even opened there mouth during making a deal but they walked out with a Million. 👏🧠

[__.tarang]

I am really happy for Robert, he usually doesn't get the Deal that he wanted badly .

[camronk]

What is really interesting about this particular episode, is that if you read through the production footnotes, you'll find some backstory on their contact with the show prior to arriving. Amongst that contact, they were informed directly that since the show was only including the 5 sharks we see in this video, that Barbara was indeed already out.

[AhBiip]

This was one of the most intense episodes. All the sharks were in and wanted this deal.

[aryaesfandiari]

when nirav asked about their sales trending year to year and they answered with 3x each year, you can tell that's the moment the sharks thought the valuation was warranted.

[MRB]

First time I’ve seen Robert make a deal that makes me feel proud of him

[rafalizola]

The look on Mark Cubans face says it all, he knew he got outplayed, in my opinion it wasn't so much the product but the fact that theese guys knew what they were talking about, they knew the numbers and stood firm leting the sharks fight themselves and reeped the rewards. Nice job.

[devesh]

Mark joined in on the deal as a 50/50 partner as well. So when the sharks met the existing investors, the boardroom was tense as the executives from company were in the final stages of negotiating the million-dollar deal. The mood was one of cautious optimism as they went over the terms and conditions of the agreement. The room was filled with the sounds of shuffling papers, quiet conversations, and the occasional beep of a laptop.

As the negotiations neared their end, just as everyone was about to sign on the dotted line, Barbara suddenly appeared at the door of the boardroom and screamed "I am out".

[Ammar]

Update:

They ended up doing 45k in sales in the 24 hours after the show. Mark ended up joining Robert on a 50/50 deal. Each shark getting 3.25% for 500k each. From airing date to their end-of-year doing 4.1 million in sales. According to a unreliable source, the company is valued at 20 million in 2022. Even through the pandemic (though sales dipped), are a mainstay in the swimming goggles industry and have added new styles and products.

Edit: Just figured id leave "unreliable source" as in I just did a couple quick searches from websites that didnt seem credible haha, figured id let anyone reading take the info with a grain of OR im just getting my info from a shady guy in an alley who told me I didn't hear the info from never know though.

[BT-bion]

As a Northern European, it is really funny to see the Sharks interact with the calm and cool Danes. Loved the handshake for example

[jackdaniels]

Smartest thing these guys did was not saying anything and let the sharks compete against each other