Sharks Beg For A Deal!? | Knife Aid on Shark Tank Reaction
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Biz Coach, Super Joe Pardo reacts and gives his advice to the business Knife Aid from Shark Tank Season 11 Episode 4.
Mikael Soderlindh and Marc Lickfett are looking for $400k for a 15% stake in their company Knife Aid. When they are offered two deals one by Lori and Rohan and the other from Barbara and Kevin they go into the hallway to discuss their options. But the Sharks rush after them to secure their deal.
Watch the pitch uninterrupted: https://www.youtube.com/watch?v=ngRACHwK6l4
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Check out Knife Aid at https://knifeaid.com/
988 Comments
Thank you Super Michael!! Have yourself a magical day!
Yo joe, good question about the amount of times a knife needs sharpening. It’s actually isn’t good to sharpen knives too often as it could effect its life, better to sharpen it once in a while and “reshape it” with a stick as knives remain sharp for a long period of time but gather burr.
Thank you! It definitely is something I wish they would’ve touched on. I just went back to their website and can’t seem to find an answer for that. As always, I appreciate you dukkyfuzz!
After a quick Google search (duh!) the first answer said once every 1 to 2 years.
@Super Joe Pardo for household use sounds bout right. It’s still a great deal to get your knife sharpened at a good price
@Joe Pardo for household use sounds bout right. It’s still a great deal to get your knife sharpened at a good price
Seems like it is, though it does make me curious to look up a local business first. Might be cheaper, get to support a local business, and the reduced carbon footprint on your knives. Obviously, not an option for everyone but I do want to look it up now. lol
110% Control what we can control! Keep it positive, keep it moving forward. I appreciate you Super Denny!
Joe, What’s the service which has the folks on camera clicking through the website and giving feedback ?
https://www.usertesting.com is one of them. I appreciate you watching and commenting Shivanath!
@Super Joe Pardo Love your channel and Content ! Fellow CEO here and i love how you breakdown the Business Aspects of the pitch !
@Joe Pardo Love your channel and Content ! Fellow CEO here and i love how you breakdown the Business Aspects of the pitch !
Am I the only person who was not impressed with the idea and/or pitch? All they did for a pitch is show a sharp knife cuts better than a dull one, yes we know this, that’s logical thinking. Also, if you are someone who is going to pay for this and cares/uses the knife so much will they be ok with not having it for a week?
Yeah you make some great points (pun intended). How would you have demonstrated it differently?
This also got me thinking where could I get my knives sharpen locally.
As always, I appreciate you watching and commenting RegularGuyReacts!
@Super Joe Pardo I would have demonstrated the process they use to sharpen the knife instead of just having a sharp knife on hand
@Joe Pardo I would have demonstrated the process they use to sharpen the knife instead of just having a sharp knife on hand
@RegularGuyReacts That’s not really important, and it didn’t seem to bother 5 sharks. Like you said, it’s logical thinking that a sharp knife is going to cut better. This service isn’t really for people who have cheap knives, *it is* for knives that costs 100s, 1,000s of $.
I think this a great service. I don’t think they will make 100s of millions in profit from this, but they will definitely make millions from this.
@Locutus if you’re spending that much on a knife tho are you going to want to be without it for a week and wouldn’t you just sharpen the knife yourself?
@RegularGuyReacts If you’re someone like Chef Wonderful, you have dozens of knives. Same for a professional, such as a chef.
Yes, you can sharpen them yourselves, but if you sharpen them yourselves, is the sharpening going to be as good?
And, not everyone wants to sharpen their own knives, just like not every chef wants to cook their own dinner.
As I said, this business will make 10s of millions, but not 100s of millions, as there is only a small amount of people wanting their knives sharpened.
How many people who were on shark tank have you gotten to be on your YouTube channel? Do you reach out to them on their social media to get them on or just ask them in these videos you do and hope they see it?
Hearing their behind the scenes at shark tank would be fun to listen to
I’ve had about 10 so far, but many more have reached out. The scheduling is being worked out. I don’t reach out to them generally. They usually see the video, comment, I send them my email address and we connect. 🙂
You can watch the ones I’ve done so far here: https://youtube.com/playlist?list=PLqvIutEsQqv5zBtDroJXwtsbZoVdKLb7A
I have 2 more coming out the next two Wednesdays and I have a few more scheduled for the future. 🙂
@Super Joe Pardo thanks for the quick response! That’s very interesting. I share your videos on my Facebook so I’ll do my part to spread your channel lol
@Joe Pardo thanks for the quick response! That’s very interesting. I share your videos on my Facebook so I’ll do my part to spread your channel lol
Thank you so much James! The channel is growing rapidly and I have big plans for the future!
Answering questions:
KnifeAid doesn’t train people to sharp knifes, they hire people who have a certain level of experience
And they started knife aid in California because they had already moved so much and wanted to settle somewhere
Great answers, where did you get these answers from? I appreciate you watching and commenting!
I dont think this knife aid thing will be profitable.
I want to hear more about working for your family’s company that grew to 100 million dollars that you walked away from! Also love these videos.
Thank you, glad you are loving them!! Here is the Holiday Live Stream I did talking about the business and my history. My Business History & Super Community Holiday Party
https://youtu.be/u-mkRMSR308
Happy to have you in the Super Community!
Extremely, extremely credible gents.
Joe on this one I would’ve went with Kevin oleary without blinking. He is credible in this area and knows the market and how to raise profit margins.. For me this should be branded as somewhat of a premium business because people are not going to do this for shitty knives and I think Kevin is just the ideal partner to transform this into the “go to company” to sharpen your knife and also help them expand and develop to other products, building a business which is more than just sharpening knives. he has a lot of connections and know-how on this area and is passionate about this.
Yessss
I agree Kevin and Barbara on this deal *but* Lori was more aggressive when she went after the guy so that’s probably why he chose them instead
I dont know if you have already done this one or not, but what about when the sharks turned down Jamie Siminoff with Ring which was called Door Bot at the time here is the link… https://www.youtube.com/watch?v=ngRACHwK6l4 he was asking for 700,000 for 10% stake which wound be 7,000,000 today Ring is worth between 1.2 to 1.8 Billion so they could have turned 700,000 into 120 to 180 million dollars wow
6:25 I don’t think he was asking that… I think he was asking why do you need money or backing from a Shark, when you have your own money and you know how to make a successful business on your own already… Not why do you want another business
I want my knives sharpened….but I don’t want to send them out……that’s annoying.
There is a sharpening company like an ice cream truck they ding their bell and come down all the streets a few times a month…..and sharpened on the spot, while I stay in my house….not willing to ship them out…maybe a restaurant or chef would, I get that. I prefer quick and home service and paid per piece on the spot.
These guys should have a mobile service. Move with the times.
Depending on a knifes ability to hold an edge, knives used daily should be sharpened every 4 to 8 weeks..