Kevin O'Leary On Missing Out On Ring On 'Shark Tank' | CNBC

"Shark Tank" Host Kevin O'Leary, O'Shares ETFs, discusses Amazon's acquisition of Ring after he failed to get a deal with them on the show back in 2013.

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Kevin O'Leary On Missing Out On Ring On 'Shark Tank' | CNBC

[putt]

I like how his name is literally “man who passed on ring”

[cn]

This was a blessing in disguise. None of those sharks had the ability to really make this product take off. Only Amazon had the cash and power to make Ring what it is today.

[quackster]

Does Kevin get an 8% royalty for every view on this video? Or does he get $1 for every advertisement viewed as venture debt until he gets paid back tenfold with a remaining 2.5% of CNBC?

[alt]

Competitors like ADT... even ADT sells Ring now 🤣🤣🤣🤣

[makusuwerusan]

I'm so proud of the creator declining the sharks. He really saw something much bigger and he got and deserves every bit of that 1 billion! 👏🏽👏🏽👏🏽

[jasonalexander]

Little in sales? He had $1, 000, 000 in sales in 9 months with the last month having $250k in sales! And that was just direct to consumer! He wasn't even in staples yet!

[wittenberg]

Kevin will be ok, you only have to get rich once.

[jesse]

“A little bit in sales” in his presentation he said he did a 1 mill in sales in his first 9 months with each month getting bigger sales

[ShadowClient]

I love the amount of respect everyone in this situation has for eachother

[taekwondotime]

Typically, the offers that the sharks make are easy to walk away from. I've seen so many episodes where they want a 40-50% ownership stake in the company in exchange for a $50, 000 - $100, 000 investment or something. (Sometimes it's only a loan/line of credit.)

If you're a business owner on the cusp of becoming a multi-millionaire, you're not about to sign away 50% of your company to someone who did nothing to contribute to it besides a relatively minor cash injection. (In this case, $700, 000 is a huge cash injection, but most of the time I've watched the show, the people were asking for $100, 000 or less.)

[Marty]

O'Leary never offered to "give" anyone $700, 000. What he offered was a LOAN of $700, 000 at 10% interest, plus a royalty for himself, plus 5% of all income of the company for perpetuity. Obviously, the offer was rejected. No sane person would take such a predatory offer. Essentially, O'Leary wanted a piece of the company for FREE, and because he got too greedy he passed up an opportunity to make $100, 000, 000 from a $700, 000 investment. But O'Leary doesn't care, because he figures some other sucker will come along and be ripe for the picking with another deal.

And the inventor was very fortunate that O'Leary was so greedy. Because he ended up getting an extra $100 million from Amazon by passing on O'Leary's $700, 000 loan. He was smart to reject the offer, and he didn't struggle with the decision either.

[epk_]

"never cry over spilled milk, theirs always another opportunity next time the shark tank door opens!" yeah I don't think they'll ever be a company that comes to shark tank and exits with a 100 million dollars, you blew it!

[triton]

"Its rich milk that we are talking about"
😂😂

[koreypaul]

I like how they say it wasn't competition for security systems lol

[affirmed_]

The sharks usually take advantage of these little guys. It's the whole you need money to make money thing. Nice to see them miss out.

[ers_red_and_gold]

Now Jamie could say your dead to me Kevin O' Leary 😂

[kristiangunnulfsen]

Your show is used for exposure. The deals never favor the business owner.

[dsmith]

O'Leary missed the boat on Amazon's aim with Ring and home automation/total customer acquisition in general. For angel investors, these guys aren't real visionaries. That's why they're constantly putting a few hundred grand into cute products capitalizing on demand and grabbing existing market share, instead of really defining new horizons. They've become the go to place for people that have interesting ideas or inventions that will benefit significantly from the visibility that the audience of shark tank provides, not real companies with billion dollar potentials. Saying they're the biggest venture capital fund out there is a pathetic joke. The only real venture capital investor in the team is Chris, and he rolls his eyes at the offerings they get. The next Facebook or iPhone isn't coming to these guys. If the inventor does, he's not likely to strike a deal. It takes visionaries line Bezos to run a company for decades without posting a profit, while focusing on customer acquisition and future monopolization for maximum monetization. These guys would laugh Amazon out the door.

[mundanesoup]

We all know Kevin was punching air when he saw the deal.

[KxngKUDA]

A "plethora" of competitors. It's almost like you didn't listen to his pitch at all when you asked him that. He claimed that he had no DIRECT competitors, because he was the only one to integrate video surveillance with smart phone accessibility. An idea so genius, that some of those so-called competitors are now buying RING for themselves. Lmao the inability to just admit you screwed up. This hubris come with being rich? Cuz I don't want it