Many entrepreneurs who walk into the tank on ABC's"Shark Tank" with sky-high valuations climbing into the millions are often confronted with raised eyebrows, lots of questions and much push-back from the sharks. On Sunday's episode of the show, a vegan dog treat company did just that. But this time, it scored a whopping half a million dollars worth of investment from Mark Cuban.
The sharks stopped Bethencourt in his tracks when they asked how he could value the company at $11 million if they hadn't even released the product commercially yet. Bethencourt explained to the sharks they did a lot of research and development to ensure the product will be a success. He said that the company has taken in a total of $4 million in investments so far, including one from billionaire Peter Thiel.
Daymond John, an investor in grain-free, natural dog food company TurboPup — also said he was out, but did leave Bethencourt with one piece of advice:"In the interest of America, I don't want you to ever, ever, ever, ever, ever, ever, ever, ever publicly give that valuation again," he said."Because you're ruining people."
MakeIt Dogs should only be eating raw meat! Wtf
ConwayShow MakeIt Nobody ever went broke underestimating the intelligence of the public.
MakeIt Definitely a huge market for vegan foods, including dog foods & snacks. Smart investment
ConwayShow MakeIt Some dogs will eat cat turds. So I’m not surprised there might be a market for this. They’ll eat anything.
MakeIt I don't know what is a dog in the food family, are they ominvourous? Scavenger/carnivore?
ConwayShow MakeIt Why does Mark Cuban hate dogs?!? They are freaking CARNIVORES. Please, Mark, do the right thing. Give ME your money.
MakeIt A vegetarian Dog. Poor Dogs
MakeIt vegancat joerogan
MakeIt vegancat really? Now gonna be vegandog. Ridiculous! People are messed up in the head.
MakeIt Is he seriously taking the piss ? Vegan dog treats Dogs are Carnivores not bloody vegans ! Why not invest your money into a bloody hospital to allow them to buy much needed medical equipment rather then a company that will end up as just another fad in a years time !
MakeIt So dogs aren’t herbivores, in case you were wondering.
MakeIt Not bad, 'vegan' treats. Everyone needs balance.
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Source: CNBC - 🏆 12. / 72 Read more »