Dreaming of Millions? | Hello Prenup on Shark Tank
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Business Strategist, Super Joe Pardo reacts and gives his advice to the business Hello Prenup from Shark Tank Season 13 Episode 6.
Check out Hello Prenup at https://helloprenup.com/
1975 Comments
this may just be the most frustrating episode yet. can NOT believe it took that much to get them on board. those sharks have NO idea how lucky they just got on that deal!
Yeah the Sharks definitely almost let one get away! I appreciate you watching and commenting Sean!!
@Super Joe Pardo ALWAYS!!!
@Joe Pardo ALWAYS!!!
@@SuperJoePardo ALWAYS!!!
What a great idea from two impressive entrepreneurs!
Your business is worth $4M when you make $4M
“A standard valuation formula is to take 3 times your gross revenue. So if your gross revenue is $1 million, your valuation would be $3 million.”
The valuation they came in and asked for what no where near the sales they are expecting to sell on. The other thing that I’m thinking of now that wasn’t brought up is, is the site/app stand alone or do they have a lawyer(s)/paralegal working in the background on each individual prenup to make sure it holds up? That of course adds significantly to the cost.
Kevin definitely was the best play for them, and I imagine they went looking for him out of the gate.
Also, keep in mind that technology based start ups are generally valued way higher due to the scalability of the model.
Now, I also want to point out that a business’ worth is not set in stone by revenue alone. Assets, time invested, expertise involved, process created, patents, team assembled, customer base (recurring), debt and so many other factors are factored in to figure out how much a business is worth. To your point Yvette, doing $4M is great, but if you don’t have a repeatable process then it isn’t worth that $4M to someone else.
To your point Bash, the multiple really varies by industry, niche and ability to easily replicate the money coming in over and over.
As always, I appreciate you both commenting and watching! 🙂
No… it depends on the multiplier for the industry. Software for instance has a multiplier of at least 20.
Not always – the risk/reward actually determines value. This company has a long journey ahead to prove viability.
What? What are you talking about? You mean in one year? You mean since starting? If its since starting what if it was in 50 years? If it’s in one year.. How much were you doing the year prior? If you see a big evolution and you can predict even better sales the next year why in the hell would you value your business like that? If I’m making 4 million in my company in one year why the hell would i sell it for 4 million? Thats not how you value a company. Just so you know for example Uber was worth millions while they were not even making money
That’s the reason in India our older culture had marriage at more younger age, so mostly 98% of marriage was very successfull. You have rightly pointed out brother! Doing great work carry on.
Pre-nups are anyways not valid in India so guess that wouldn’t be helpful in case marriage fails here.
Oh wow, I didn’t know that.
Not not valid as in this idea doesn’t exist in India yet, culturally.
I’ve seen a lot of times when the Sharks say the entrepreneurs are too early for the particular pitch. Whether it’s a start up or just something that hasn’t really picked up yet. I do wonder, they are screened before they get booked for Shark Tank right? Like there are multiple audition processes?
They chose the perfect sharks. And it seems like they had their minds sweet on Mr. Wonderful for this. Good for them for taking a risk trying to bring him in. It paid off.
It certainly did work out perfectly! I’ll be having Julia on the show in the coming weeks. 🙂
Holla!! We want prenup, yeah! Lol!!!
I think Robert is right ..rich people are the ones looking for Prenups and if they have a money they would spend few thousand on a lawyer and get a personalized advice rather than a cookie cutter advice ..and broke people arent looking for Prenups coz they are broke. Lol
Kevin’s contacts are what they wanted……
Get your discounted prenups as a wedding gift in our registry…
I have a better option….
Save more of your hard earned inherited cash millennials….
Don’t marry…..
Really surprised that you consider 26-27 to be “getting married later.” I think very few people get married before college, I’d say avg age is probably 25-29 for getting married.
I was referring to decades ago when the average marrying age was closer to 20. Here is a chart I found: https://www.infoplease.com/us/family-statistics/median-age-first-marriage-1890-2010
Damn my mom and step dad didn’t get marrried until they was like 35 36
Being up front in your marriage and having communication up front is key! 🙂
Hi Irena! Absolutely! Shoot me an email and we can get a video call scheduled. [email protected] looking forward to hearing from you!
I appreciate you watching and commenting!!
Hi Irena! Absolutely! Shoot me an email and we can get a video call scheduled. https://joepardo.com/contact looking forward to hearing from you!
I appreciate you watching and commenting!!
Hi Irena! Absolutely! Shoot me an email and we can get a video call scheduled. https://joepardo.com/contact looking forward to hearing from you!
I appreciate you watching and commenting!!
Hi Irena! Absolutely! Shoot me an email and we can get a video call scheduled. https://superjoepardo.com/contact looking forward to hearing from you!
I appreciate you watching and commenting!!
@Super Joe Pardo yes sir
@Joe Pardo yes sir
@@SuperJoePardo yes sir
@Super Joe Pardo imma give youn two emails I just want to see if it comes through cause I had changed it I’m not good with technology lol I have someone do it for me but I have to do it on my own .lol Godbless
@Joe Pardo imma give youn two emails I just want to see if it comes through cause I had changed it I’m not good with technology lol I have someone do it for me but I have to do it on my own .lol Godbless
@@SuperJoePardo imma give youn two emails I just want to see if it comes through cause I had changed it I’m not good with technology lol I have someone do it for me but I have to do it on my own .lol Godbless
Ok, I haven’t received any emails yet.
@Super Joe Pardo be patient with me cause I’m gonnA have my friend set up a new email for me .these phones are crazy I got you.
@Joe Pardo be patient with me cause I’m gonnA have my friend set up a new email for me .these phones are crazy I got you.
@@SuperJoePardo be patient with me cause I’m gonnA have my friend set up a new email for me .these phones are crazy I got you.
I hate it when Kevin boasts, he’s constantly boasting. Every shark is better than Kevin out there. He just speaks extremely well that’s all. It frustrates me that Robert had to speak up for Nirav here. I loved Nirav on the show, he’s so successful and amazzzing.
*and a million times more credible than Kevin.
@Shrijita Sengupta kelvin is richer worth 400 millt
@@shrijitasgable kelvin is richer worth 400 millt
Incredibly credible people! Great pitch!
I appreciate you watching and commenting!! I should be interviewing Julia tomorrow. 🙂
Prenups have a low ceiling.
Are you referring to not many people getting them? I appreciate you watching and commenting Beren!
@Super Joe Pardo Yup. It’s always going to be a small client base no matter how many cute white women in wedding dresses deliver the sales pitch.
@Joe Pardo Yup. It’s always going to be a small client base no matter how many cute white women in wedding dresses deliver the sales pitch.
Small is a relative term. But I’m not sure about that. Did you get to watch the interview I did with them? We talk a bit about that.
I think the opposite alot of people are divorcing because of birth control pills women take them they smell the men with them then the wedding comes along they stop talking them then they smell the men oh no he doesn’t smell good I don’t want to have kids with him.
What?
@Super Joe Pardo yup it’s based on facts.
@Joe Pardo yup it’s based on facts.
@@SuperJoePardo yup it’s based on facts.
I will never understand prenups, just don’t get married, simple.
? Not all things in life work perfectly
When you are young that logic is understandable. As you get older, power of attorney is important. If you aren’t married you can’t decide if someone is to be kept alive or have the plug pulled in an emergency/ failing health type situation.
What are you talking about Amanuel? These ladies came on my show within days of appearing on Shark Tank. https://www.youtube.com/watch?v=aUyTdrYGlkM
There is a whole playlist right on my channel’s homepage: https://www.youtube.com/playlist?list=PLqvIutEsQqv5zBtDroJXwtsbZoVdKLb7A
I do appreciate you watching and glad you like the show!
This is seriously a fantastic idea and if I ever get married I would use this service. The sharks were crazy to be so skeptical.
Couldn’t agree more! They are great! Did you get a chance to watch my interview with them?
Now imagine if these were two men pitching this idea. Would not fly
Ehhh, I think as long as they weren’t 2 bros winging it with no lawyer background, I think they would do just as well.
Millenials are broke, what are these prenups for?