for their designer van
business, Boho.
But Lori also seems interested.
Greiner:
I think it's super cool.
I could see people
loving this.
Um...I got to think
for a minute.
I'm going to think for a minute
about my offer.
Well, while she thinks, return to me for a minute.
Oza: If you guys
want feedback, great.
If not,
I'm happy to be out.
No, they want more offers,
and here comes an offer.
I don't think you need
a partner at all.
I think you need cash.
That's it.
You've got a plan.
You're working the plan.
It's going exactly as you had
wished it would --
probably better -- and I
do believe your projections,
that you're gonna make
$1 million next year, okay?
So, I'll give you
exactly what you want --
$300,000 for 10% --
but I'll give it to you
in the form
of $150,000 in cash up front
and $150,000 in credit line,
and then
if the business expands
and continues to grow
at the same rate --
and I see no reason
why not --
I'll continue
to fund the growth.
Simple.
Interesting.
Oza:
How is that a Sharky offer?
You're giving them
exactly what they wanted.
No, it's not exactly
what they offered.
It's half
what they offered.
If you're considering
debt,
I'm far more creative
than Barbara is,
and I can make you
an offer
you might find
extremely attractive.
And you still get the Sharks
that way.
How about I loan you the $300,000
at 9% for two years,
venture debt,
and I get 7% equity?
You could walk into a bank
and get it for less.
It's a terrible offer.
Yeah.
Respectfully, we really pride
ourself on being debt-free.
So you don't want
to do that.
Good for you.
You were listening to Barbara
with her debt deal.
Well, let me make you
an offer.
What?!
I'll do the $300,000
at 20%,
but mine has a caveat.
I want a charitable component
in this.
To a van?
For what?
Hear me out.
Hear me out.
To a homeless cause.
Yeah, I hear you.
O'Leary:
Give it to a charity.
There's a lot of homeless people
in America.
Absolutely.
I see it constantly
because I'm always
in just major cities.
We absolutely love
that idea.
It's something we've
been wanting to align
with -- a social cause.
We love it.
Respectfully, would you
be able to go down
to 15%
with that same offer?
You know, that 15%
is really low.
Does that mean you're not considering my offer?
Nor my offer?
I would stick it
at the 20%.
You know, guys, my offer
is really the best offer here
'cause it gives you
exactly what you need.
And in addition to that,
there's nobody here
that can market better than me.
Oh, that's --
[ Laughs ]
There is no one here
that --
You can laugh
all you want.
I'm laughing.
There's no one here --
[ Laughter ]
I'm totally laughing.
You shouldn't be
overly concerned with debt.
You're a profitable company.
Take the debt issue
off the table.
I respect
your whole debt-free strategy,
but I wouldn't be concerned
with these guys.
They're not gouging you
at 20% interest rate.
Thank you for
the business advice.
So, I'm the lowest-cost deal,
if you actually think about it,
by miles.
$300,000 debt at 9%
for two years, 24 months,
and I only want 7% equity.
What was the interest on
the loan that you're offering?
Whatever interest I get
on the loan, I pass on to you.
It's not to make money.
It's so that you take off the
table the least amount of stock,
because I've been
in the position
of almost selling
a lot of stock
and a few years later
realizing --
Mine's the least stock,
Barbara.
...realizing that I'd made
a terrible mistake
if I had done the deal.
Why give up 10
when you can give up 7?
Hold on.
And I'm a sweetheart.
Just give up 7.
We can give up...
Oza: Can I do
a drumroll, please?
...then we're only having to
pay back the other 150.
[ Both talking indistinctly ]
[ Whispering ]
Barbara?
[ Whispering ] Yeah.
Yeah, let's do it.
Barbara?
You got a deal.
You got it, baby.
Cuban: Nice!
[ Laughs ]
Kevin got smoked
by Barbara!
Yay, Barb!
Smoked!
Nice one, Barbara.
-Nice!
-Thank you.
Sodemann:
Thank you so much.
We're so excited.
Thank you very much.
Good luck, guys.
Good luck, guys.
Congratulations.
Good luck.
Sodemann: Thank you.
Oh, man!
Ellenson: So, Barbara was
a perfect fit for us
'cause she knew we
didn't want any debt,
and she gave us a way
to pay it off quickly.
And Barbara, she knows
real estate, so...
Totally.
...we keep touting we're
mobile real estate,
Yeah.
we're the future of it,
so we're glad
to have her on board 'cause
she's gonna take us places.
00:03:58.613,00:00:00.000
Yep.
