but Daymond questions Tate's motives for coming to the Tank
with his back wheel business, Chirp,
when he might not need the investment.
Why take the carpet from somebody who needs the money?
We believe that the Chirp wheel
needs to be in every home in America.
So do not care about anybody else
who desperately needs the money. He's trying to grow his business.
I'm asking the man a question.
Well, if he grows big enough, he can hire more people,
so there you go.
I am genuine on this carpet about looking for a deal.
I want to have a creative offer for you guys
where you guys make your money back fast.
If we do over $100 million in sales next year,
I would love to cut you a check for the million dollars,
what you invested back into the company.
So if I gave you an offer right now
for $900,000 for 2%, you're telling me
that you would give it back to me at the end of the year?
The end of next year.
So, I will give you that offer if you will do that.
You want creativity, here it comes.
I like sales. You've got sales, alright?
I can get you 15% less on your customer acquisition costs.
Whatever you're doing, my team can do it better.
That's what I believe, alright?
[ Laughter ] Love it.
I'll give you the $900,000 for 2.5% equity,
and I want a royalty of $3 a unit
till I get back $2.7 million.
So I'm basically doubling my dough, [ Laughs ]
and I don't have a time limit.
I'm not putting you under pressure on time
'cause poo-poo happens in businesses,
and I don't know what's gonna happen to you.
But remember one thing -- there's only one Mr. Wonderful.
Thank God for that.
♪
I'm really here to give opportunity to people
that may be at an earlier stage than you
or maybe not had as much success as you.
I'm not holding your success against you at all.
I'm just saying to you
it doesn't feel right for me at the moment.
With that, I'm out.
Thank you. I appreciate the feedback.
Tate, you're a good salesperson, right?
You're obviously doing well.
I just get the sense that there is a COVID element
that's really escalated your sales
that aren't gonna be straight line up
to justify the valuation.
So for those reasons, I'm out.
I appreciate your feedback. Thanks, Mark.
Tate, the one thing I do know is sales never lie -- ever.
You've hit magic.
And how long it's gonna last, I don't know.
But I want to go along for the ride.
$900,000 for 3% of the company.
You pay me back $1.50 off every wheel
until I recover $1.2 million.
Okay.
Would you guys consider going in on a deal?
With Kevin? Are you kidding me?
[ Chuckling ] No, no, no. [ Lori laughs ]
I love ya. I'm a huge fan.
But I want Lori and Robert.
Why would I want to partner?
I'll give you the $900,000.
You'll pay back $500,000 this year
and $500,000 next year.
Okay.
And I'll do that for 2.5%.
2.5% or 2%?
2.5%.
Was your original deal 2%?
It was.
[ Laughter ]
Tate, you can absorb the $1.50 per unit.
Yes, it is a royalty.
It's the first time in 12 years I've made a royalty deal.
You have learned, grasshopper. Greiner: Why are you afraid?
If you're gonna make the money you're gonna make -- I don't have a problem with that. Neither should you,
because of your cost of goods.
Let Tate make a decision!
Tate, it's up to you. What are you gonna do?
Lori, we'd pay you back $400,000 this year,
$500,000 next year.
You recoup your entire investment
in the next 18 months -- no risk.
We don't have to tie it to $100 million,
and we'll do it at 2%.
♪
2.5% and you have a deal.
♪
What happened to the 2%?
Oh! Either you want the partner or you don't, Tate.
I mean, seriously.
You have no partners, Tate.
Yeah, you have no partners.
Maybe it should be 4%. [ Laughs ]
You have 97.5% left.
[ Laughs ]
Lori, you got a deal.
Okay! Whoo-hoo!
Oh, my gosh!
[ Laughter ]
Cuban: Congrats.
Thanks.
Oh, my gosh! [ Laughs ]
Aaaah!
Pop, pop, pop, pop, pop! 00:04:10.876,00:00:00.000 What up, what up, what up? Whooo!