Shark Tank (TV Series)

Episode #6.25 (2015)

Robert Herjavec: Self - Shark

Quotes 

• Robert Herjavec : What I loved about your presentation, and where I really hoped you were going, was to the industrial market. Byron is the real deal.

  Byron Dunn - Entrepreneur : Thank you.

  Robert Herjavec : I see the application. You are the user of the product. But, we went from Byron to irrigation systems to Home Depot. You know, in fairness, Mark, I'm sure you guys are very nice guys, but if Byron wasn't standing there...

  Mark Melni - Entrepreneur : Oh, boy.

  Robert Herjavec : Oh, boy.

  Mark Melni - Entrepreneur : Yeah.

  Robert Herjavec : How long would this presentation have been?

  Mark Melni - Entrepreneur : Oh, boy.

• Mark Cuban : Now, I'm going to tell you point blank, I don't know this business at all. But I'm going to make you an offer.

  Robert Herjavec : Are you serious?

  Mark Cuban : When I was starting Audionet which was turning into the streaming industry basically, I had people coming to me, throwing money at me. We had zero in sales, nothing. Not one person understood what we were doing. They just knew, based off of what we were showing them, that this was something different and something big. I brand that FOMO investing. You know what FOMO stands for? Fear of missing out. Everybody that you've come into contact has put their money where their mouth is, so here's my offer. I'm gonna give you the 500k for 12% and I want an option to put in another million dollars at a $15 million valuation. Meaning, if you grow and things are going according to plan, I get an opportunity to buy more of the company.

  Robert Herjavec : Wow.

  Mark Cuban : That's my offer.

  Mark Melni - Entrepreneur : May I... May I make a call?

  Mark Cuban : Oh, hell no.