Shark Tank’s Billion Dollar Rejection! | TMZ Live


THIS WAS EITHER A PHENOMENAL DAY
FOR THE SHARKS IN SHARK TANK OR
A DAY —
HARVEY: THERE ARE CROWS FLYING
AROUND.
[LAUGHTER]
CHARLES: GOING WHAT DID WE DO.
THIS IS THE BEST SPIN I CAN PUT
ON THIS THEY’RE SO SUCCESSFUL,
THE SHARKS, AND THEY’RE SO
WEALTHY, THAT THEY DON’T CARE IF
THEY LOSE $100 MILLION.
HARVEY: YOU’RE INSANE.
LET’S BREAK IT DOWN.
CHARLES: TALKING TO BE ENVINLT
VENTOR OF A THING CALLED THE
RING.
I’M SURE YOU’VE SEEN COMMERCIALS
OF IT.
THIS IS A DOORBELL ESSENTIALLY
THAT HAS A CAMERA ATTACHED TO IT
AND YOU CAN LINK IT TO YOUR
PHONE.
THE GUY WHO INVENTED IT WAS ON
SHARK TANK, TRIED TO MAKE A DEAL
WITH THE SHARKS AND THEY ALL
TURNED HIM DOWN.
ALL EXCEPT ONE.
WE’LL GET TO THAT BECAUSE THE
GUY WHO TRIED TO MAKE A DEAL IS
GOING TO BE JOINING US, KEVIN
O’LEARY.
HARVEY: HERE’S WHAT YOU NEED TO
KNOW.
JAMIE JUST MADE $1 BILLION BALLS
AMAZON LAST NIGHT BOUGHT RING
FOR A BILLION DOLLARS.
CHARLES: YEAH, THAT’S THE FACE.
HARVEY: AND THE SHARKS COULDN’T
MAKE THE DEAL WITH HIM.
FOUR DIDN’T WANT, TO ONE DIMMED.
KEVIN O’LEARY DIMMED.
HERE’S THE WAY IT WENT DOWN ON
THE SHOW.
>>I’LL GIVE YOU $700,000.
I WANT A 10% ROYALTY.
THAT DROPS DOWN TO SEVEN AFTER
I’VE RECOUPED THE $700,000 AND I
GET 5% OF THE COMPANY’S VALUE
TODAY.
I MADE YOU A VERY VALID OFFER I
THINK UNDERSTAND THE
CIRCUMSTANCES.
>>RESPECTFULLY, MR. WONDERFUL,
I’M GOING TO HAVE TO DECLINE.
CHARLES: 10% OF A BILLION.
$100 MILLION IS WHAT KEVIN COUCH
TODAY.
CALLER: LET’S BRING IN KEVIN
O’LEARY.
KEVIN, HOW ARE YOU DOING?
>>FEELING GREAT, GUYS, FEELING
GREAT.
HARVEY: NOW TELL US HOW YOU’RE
REALLY DOING.
>>AT THE TIME YOU HAVE TO
REMEMBER THIS WAS A START-UP IN
A VERY COMPETITIVE SPACE.
THINK OF COMPANIES LIKE A.D.T.
AND EVERYTHING ELSE.
THERE’S A REASON THEY CALL ME
MR. WONDERFUL.
I’M THE ONLY SHARK THAT MADE
THIS GUY A — AN OFFER AND I
STILL THINK IT WAS A FAIRLY
REASONABLE ONE.
HE DIDN’T TAKE THE OFFER.
SHARK TANK HAS PROVEN ITSELF
OVER AND OVER AGAIN.
HE GOT HIS START ON SHARK TANK.
I’M HAPPY FOR THE GUY.
IF I COULD HAVE GOT AN DEAL I
WOULD HAVE BEEN HAPPIER BUT I’M
HAPPY FOR HIM, “SHARK TANK” AND
HAPPY FOR A BUNCH OF OTHER
PRODUCTS TOO.
HARVEY: I’M A HUGE FAN OF YOUR
SHOW AND I GET YO — WHO — WHAT
YOU’RE SAYING.
THE REASON HE GOT THE $1 BILLION
IS BECAUSE THIS BECAME VERY POP
LOAR AFTER BEING ON SHARK TANK.
MY UNDERSTANDING IS AFTER YOU
GUYS TEED HIM UP.
RICHARD BRANS GOT INVOLVED AND
HE GOT A PAYOFF.
HOW DO YOU TAKE THAT?
>>WHEN I SAW, THAT I WAS LIKE
ICHA CRUMB BAT.
I COULDN’T BELIEVE THE PRICE ON
THAT.
SHARKS GO BACK IN LATER.
I DID THE SAME THING ON PLATED,
WHICH JUST GOT SOLD TO ALBERT
SONS FOR $300,000.
IT WAS A YEAR LATER AFTER THE
MARKET HAD TENDERIZED THEM A
LITTLE BIT THAT WE COULD FINALLY
WORK OUT A DEAL THAT MADE SENSE.
IT’S CAPTAIN LITTLE, YOU NEVER
KNOW WHAT’S GOING TO BE A
SUCCESS.
I’M HAPPY FOR RICHARD.
NOW HE CAN COME BACK ON SHARK
TANK.
CHARLES: LIKE YOU SAID,
SOMETIMES YOU’LL GO BACK AND TRY
TO MAKE A DEAL AFTER THE SHOW.
DID ANYBODY TRY TO DO THAT WITH
JAMIE?
>>NEW YORK JAMIE WAS ON A PATH.
THE PRODUCT WAS IN A SPACE THAT
WAS REALLY CHALLENGING BECAUSE
THERE WERE SO MANY PEOPLE TRYING
TO DO THE SAME THING AND THAT
WAS OUR CONCERN.
HE FOCUSED ON DIRECTV
COMMERCIALS ON CABLE TIME AND A
WHOLE LOT OF INTERNET SELLING.
THE REASON I MADE THE GUY THE
OFFER IN THE FIRST PLACE — YOU
ONLY SAW EIGHT MINUTES OF THAT
ON SHARK TANK BUT THE KID WAS A
FANTASTIC SHARK GUY.
— SALES GUY.
I SAID I WANT TO GET A PIECE OF
THIS DEAL BECAUSE I WANT TO BET
ON THE JOCKEY, NOT THE HORSE.
IF HE DOESN’T MAKE THIS WORK,
HE’LL FIGURE OUT SOMETHING ELSE.
YOU CAN TELL WHEN YOU’RE IN THE
MIDDLE OF A GREAT SALESMAN AND
HE IS ONE AND HE REALLY KICKED
IT.
HE WORKED HIS HAYNIE OFF TO GET
WHERE HE IS AND HE DESERVES IT
AS FAR AS I’M CONCERNED.
HARVEY: IF IT’S THE JOCKEY NOT
THE HORSE, DO YOU GO BACK TO THE
JOCKEY AND THAT I SAY LET’S
PARTNER ON SOMETHING?
>>LET’S SEE WHAT HE DOES.
WHEN YOU HAVE A LIQUIDITY EVENT
LIKE THIS, YOU BECOME A SHARK.
THE REASON AMAZON DID THIS DEAL
IS BECAUSE THE BIGGEST CHALLENGE
WE HAVE NOW IN THIS ONLINE
ENVIRONMENT IS WHEN PEOPLE DROP
A PACKAGE ON YOUR DOORSTEP, SOME
GUY WALKS BY AND RIPS YOU OFF.
THEY HAVE TO SOLVE THAT PROBLEM
IN METROPOLITAN AREAS AND RING
IS FIRST.
JAMIE SAW THE POSSIBILITIES AND
PULLED IT OFF.
IT’S NICE TO HAVE $1 BILLION.
[LAUGHTER]
CHARLES: I’M SURE KEVIN IS
SLEEPING JUST FINE.
HARVEY: DEVIN CAN — KEVIN,
THANK YOU SO MUCH FOR JOINING
US, REALLY APPRECIATE IT.
>>YOU GOT IT.
HARVEY: I WOULD BE INCONSOLABLE.

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