Gnomes

Tonight Mark Cuban joins the shark tank,

where hopeful entrepreneurs come seeking an investment

from the sharks,

five powerful, self-made investors worth billions.

In the tank, the sharks are ready to invest

using their own money,

but only for the right person with the right business.

Which one of you sharks is ready to invest in us?

And if the sharks hear a good idea,

they'll fight each other for a piece of it.

I'm gonna go back in. Barbara.

Robert's giving me the eye that it's a loan. Robert gives you the eye, but he doesn't give any money.

But first the entrepreneurs must convince a shark

to invest the full amount they're asking for,

or they'll walk away with nothing.

If I could explain to you guys a little clearer-- no, James, you gotta stop selling.

I could not speak to you. You took forever.

Boom goes the dynamite!

Who are the sharks?

Kevin O'Leary knows how to make money.

He started a software business in his basement,

which he eventually sold for $3.2 billion.

Barbara corcoran-- this fiery real estate mogul

turned a $1,000 loan into a real estate empire

worth hundreds of millions

in the shark-filled city of Manhattan.

Daymond John turned rags to riches

with his clothing brand fubu, which has grossed

over $6 billion in worldwide retail sales.

Robert herjavec,

the son of a factory worker turned technology mogul,

sold his first Internet companies

for over $350 million.

And Mark Cuban--

this self-made billionaire started out as a paperboy,

and now is a media mogul

and the outspoken owner of the Dallas mavericks.

First into the shark tank is Jonathan boos

with an innovative product line for the well-dressed man.

Hi, everyone.

My name is Jonathan boos,

and I'm the owner of the men's brand wurkin stiffs,

as well as the inventor of power stays,

the world's only magnetic collar stays.

I'm seeking $85,000 for 10% equity in my company.

Now this all started back when I was actually running late

for some dinner reservations.

My wife was yelling as she threw a brand-new shirt at me

to put on, and I'd seen that I had a-a big problem.

I looked like John Travolta from "saturday night fever."

The collar was all large and in charge,

and I couldn't control this thing,

so I found some ordinary paper clips,

and I found some magnets,

and I made the very first magnetic collar stay.

I haven't worn a shirt the same since.

So first you take our power stay...

And you place it on the underside of the collar.

There's a collar stay pocket.

Flip the collar down,

and we have a superstrong, small magnet,

and this goes on the inside of the shirt...

And instantly changed my shirt

into a hidden button-down collar.

So wherever you put your collar

is where your collar stays.

And there's nothing else like this in the menswear industry.

These are spectacular. Thank you. We knew we had something pretty special

when we acquired three high-end men's specialty stores.

What retailers do you sell them in?

Nordstrom contacted us. We did a test of our power stays,

which launched in 24 stores.

Within 3 months, we went to 77 stores.

We had sold over 18,000 units.

We made them over $600,000 retail.

We're currently in all 115 nordstrom stores.

Jonathan, you're the real deal. Oh, yeah. I-i am the real deal.

I design and produce all this stuff myself.

The packaging, the displays, the product--it's all me.

Jonathan, what are your sales today in all the products?

Year-to-date today, I'm at a half million.

I'm expecting $1.8 million next year. $1.8 million? Wow.

What are you gonna do with the $85,000? Daymond, out of anybody here,

you should know-- what can I do with $85,000?

I mean, to really take this brand to the next level,

I need to get someone that knows what the hell they're doing

to get me there, so I can continue to create.

I've got products on the drawing board.

I've got products right now still in development. Jonathan, let me tell you something.

Okay. okay. I love your passion. I love your knowledge. I love your approach.

I'm waiting for the "but." Yeah, there's a "but" coming.

I'm not the guy with the connections.

I'm not the guy who adds value.

I'm just not the guy to help you. I'm out.

Jonathan, I just--i really can't do anything for your business... okay.

So I'm out.

The guy that's staying the most quiet is the one

that can help me the most, but he's staying quiet. I'll make you an offer.

I'll give you $100,000 for 30% of the business, but...

I want a royalty on that money.

I want a 14% royalty.

So it's like a loan. No. I'm getting a ton of equity, too. I want 30% of the company.

It's a loan, right?

No, it's not a loan.

Robert's giving me the eye that it's a loan.

Well, you're paying 14% off the top. I mean...

You know, I love Robert. He loves to give-- I love Robert, too!

Robert gives you the eye, but he doesn't have any money.

That's the problem. In the end, you need cash, my friend.

I'm making you an offer. Never disrespect the cash. Don't like that deal.

You know why I like that deal? Because I know

you're gonna need more cash. You're gonna be calling me

every 90 days for a quarter of a million dollars.

And if things are going well, I'll keep doing it.

But not--not at--yeah, yeah.

Yeah, right, exactly. All right. You have an offer.

That's on the table. Great. Anyone else? Why don't you like his offer?

I need more than money. I need someone that can help me.

Daymond, you--you sold hats.

One product, right? And then you created this empire of a brand.

Ooh. so you're looking at me like I can't make this

into a successful brand. That's what I don't get.

I don't know where you're coming from. I didn't say you can't make it into a successful brand.

I-- people who are successful have thoughts of high value,

and people who are not have thoughts of low value,

so you're valuing yourself high-- how am I valuing myself high? 85 thous--

you should be, but if you're gonna argue with me... all right.

Then I don't want a partner who's gonna argue with me... I'm not--I'm--daymond...

So just--because of that... you, out of anybody, should understand what I'm doing.

I mean, I don't-- I don't get it. I was actually gonna throw an offer on the table--

- now he's gonna say because I was arguing... - Let daymond talk.

You see his hand right there?

I still am not done talking. I'm out.

I-I knew it.

Jonathan, you've absolutely pissed him off.

To clarify what I was trying to tell you

was the reason that you will be wealthy

is because you have thoughts of high value.

I was trying to give you a compliment. Okay.

When I was trying to talk, I could not speak to you.

You took forever. I'm--I'm waiting for--

I'm just saying... Boom goes the dynamite!

I'm sorry. And I'm sorry, and I will never take forever again,

because I was gonna give you an offer,

and you botched the offer. Oh, what a baby.

My god. You want me to get on the phone with him every day?

"Hey, can I talk to..." "Click." I'll put it in the contract I'll never call you again.

How's that sound?

I cannot stand partners that I can't even speak to.

If he would have shut up, he would have had an offer.

I'm gonna apologize, for real. I apologize. I didn't mean

to come off that way. If I've offended you in any way... you did not offen--

then I would do nothing different. You did not offend me. I'm not offended.

My feelings aren't hurt-- I'm--I'm just--

I think you're missing out on a great opportunity. Come on, daymond.

You're such a baby. Cut it out. Listen, Barb. I have pet peeves. You do.

If this is a pet peeve, get over it.

Wow, you really hurt his feelings, Jonathan. Let me talk to Robert, my last chance, and then--

and then--sit there and just think about it. I'm a nice guy.

Then I'll stop talking. Okay. Jonathan, it's not the first time you've heard that, is it?

"No"? oh, yeah. I wouldn't be here if I took no for an answer.

Next. I'm actually upset. You know why? 'Cause I like it.

Well, and I like... whatever.

See? "whatever." I mean--no, I would talk to you, but you--

"you know what I think we should do with the comp--"

"whatever." no, no, not whatever. Daymond, I'm here to... all right.

Daymond, he's nervous. He's a high-energy guy.

Why don't you cut him a little slack? Why don't you cut him a check?

This is all wonderful. Let's hold hands and say "kumbaya."

Jonathan, do you want my $100,000 or not?

Jonathan has an offer from Kevin,

but the one shark he most wanted to deal with is out.

Do you want my $100,000 or not?

Jonathan, I'll make you an offer.

I'll give you the $100,000 for 30%, no royalty.

Would you go $200,000 for 30%?

Wait a second. I'll drop my equity asset down.

$100,000 for 20%, but I want the royalty to stay in place.

That's different than what he wants. He's a savage.

He's asking for a third of your business.

You're a vulture!

Because, I mean, I should be getting the royalty here.

I mean, I'm the one that's creating the stuff.

Jonathan, I'll give you $100,000 for 25%.

Uh, that's my final offer.

One more thing.

I'm gonna go back in.

Barbara!

What are you doing? Yeah.

I'm gonna give you $100,000 for 20%,

provided daymond forgives you.

And I'll be your front man, daymond.

You never have to talk to this guy. You just enjoy his success.

And you know I'm a great front man.

That's not enough. Oh, daymond.

That's not enough percentage on the company. What--so what is it?

You want to match his at 25%?

Can't take less than 40%.

- Whoo! - oh, my...

Wow.