Kevin & Mark Unleash Wrath On Nicepipes | Shark Tank Worst Pitches

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Nicepipes founder Lisa Binderow stepped into the Shark Tank seeking $100,000 for 10% of her workout wear company.

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Kevin & Mark Unleash Harsh Critiques To Nicepipes | Shark Tank Worst Pitches

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Imagine seeing your invention on a segment of “worst pitches” lol

DOC_

Just love how Kevin breaks it down
You have a non proprietary sock and sitting alone in your living room
😂

fahrenheit

Kevin is right. These socks are all over Amazon and Etsy and have been around for a while. She likely even ripped off the idea from everyone else making them.

Vrzel

She got ripped apart by the sharks, passing up on that Barb deal without at least trying for 30 percent makes the criticism seem a bit more valid tho

SmokeDog

“Who’s ready to show me their pipes” would have had me out of this investment immediately

Tripixium

I just love it when Barbara hypes people up and then asks for 40/50% lol.

Arthur-nrci

She should’ve countered a second time with a 1/3 after Barbara declined the 25% offer.

doody

*"The best revenge is success" something valuable that I picked up from this video*

BambiSabido

It wasn't that bad of a pitch though. Her response may not have been super strong but it wasn't an awful pitch.

nickg

my old sales manager taught me a good lesson: 50% of a watermelon is better than 100% of a grape

ifyoudisagreeyouarewrong

I have seen worse pitches om shark tank. She was okay

MightySerg

The "start high and come down" strategy doesn't work well on Shark Tank like it does in many other negotiations. Contestants aren't allowed to make a deal for anything less than the money they ask for, but if they end up valued highly the sharks will drive the price up fighting over it.

nichiyes

This applies in other areas too. If someone has an ask that is astronomical, you have to just send them on their way. Even if you could give them a reasonable number, they usually are upset that you didn't give them their pie-in-the-sky number and will purposefully screw up the deal. Stick to people who are mature and live on planet earth when you do business.

EGarrett

Kevin is right about this... thing aint new... In Taiwan, alot of people wear the UV arm sleeves when they are riding their scooters. They have been doing that for more than a decade... The material her socks are made of are NOT even comparable to technology found in the sleeves worn for scooters nowadays. I was so amazed by the sleeves because, apart from blocking the UV, it actually has ability to make your arms feel cooler in the Californian sun. When I bought them they were around 5USD to 10USD. I fully understand what she's offering is a "lifestyle" and brand... but its not worth a 1, 000, 000 evaluation. She has 300k of her own money and 80k in sales in sales. Also, like what Kevin said, she's offering a "non-proprietary sock". Either she does not know the "Three C's" of entrepreneurship or she's trying to use shark tank to gain some brand recognition and traction to make up for the 2nd "C". No IP, no licensing, no story/messaging behind the brand, absolutely no barrier to entry by competition, 1 Million Evaluation, asking for 100k for 10%...

birddropping