Daymond John Accused of Shady Business Practices by Shark Tank Partners

[Squirrel from Meteor Man]

I’ve never liked how he treats black folks on the show and now there’s evidence to prove he ain’t sh*t.

He struck a deal for Bubba’s Q sauce and ribs, changed the deal (which happens a lot on Shark Tank) and then set the brother up with his outside shady business partners.

Multiple people go on record saying how he’s not much help, changes terms of deals so he doesn’t have to give any money, and only comes around when he can squeeze another dollar out.

Ex-NFL player thought 'Shark Tank' would launch his barbecue empire. It became a nightmare, he says

Restaurateur Al "Bubba" Baker, who was a contestant on the long-running ABC series, claims that he was mistreated by mogul Daymond John, one of the show's "sharks."

www.latimes.com

The Bakers accuse John and some of his associates and partners — including one former contestant facing felony charges — of misleading them, trying to take over their business and depriving them of the profits from potentially lucrative partnerships.

According to the Bakers, John and his representatives ceased communicating with them until last month, when The Times made inquiries, and stopped promoting a product that once sold in 1,400 locations and is now hard to find.

Baker’s big plans for success and riches have stalled, and legal battles have bled his family’s savings. Baker has shuttered his restaurant; after renting out his house, he was forced to sell it at a loss, and his truck was repossessed.

While the Bakers’ experience is perhaps extreme, it highlights the unique perils of reality TV programs. Over the years, “Shark Tank” has drawn scrutiny as other contestants have raised questions about its image as a kind of venture capital spinoff of “Top Chef.” A recent survey by Forbes of 112 former contestants found that nearly half of business deals offered in seasons eight through 13 fizzled.

Baker says he was blinded by the idea that he was going to make millions, but he reserves much of his disappointment for John, someone he considered “family.”

“I was super proud of my relationship,” he said. “I just never expected economic marginalism from another African American.”

Long article but very informative.

 

[Squirrel from Meteor Man]

Inside The Secretive World Of Shark Tank Deals: Who The Real Winners Are

Which judges close the most deals, which ones change the terms off the air, and the surprising response from some entrepreneurs who don’t win over a shark.

www.forbes.com

Less than half of Shark Tank deals actually close, I believe the Black Sands comic creator can attest to this

 

[Justise M]

figured this much, always seemed broke how he wouldn't make deals. So the deals he actually does make on the show come to find out aren't legit.

there also was a thread on here about him and his shady conferences.

 

[Sonic Boom of the South]

I’ve never liked how he treats black folks on the show

Exactly ----he literally go out his way to talk down to Black people on the show----


nikka also was charging college students $ to just have a short convo with him!


Dude def broke and scamming to survive!

 

[AtomicUse]

We had a thread on here where a poster went to a seminar of his and found out basically that he charged people for advice and told them to use google to find ideas.

 

[Toe Jay Simpson]

Prime example of how one good idea can carry you for decades

 

[Cladyclad]

We had a thread on here where a poster went to a seminar of his and found out basically that he charged people for advice and told them to use google to find ideas.

Cold world daaaaammmmn

 

[Charlie Hustle]

We had a thread on here where a poster went to a seminar of his and found out basically that he charged people for advice and told them to use google to find ideas.

Solid advice. You gotta rise and grind

 

[Ozymandeas]

I remember this episode. That's a damn shame. To be real, most of the businesses on there don't need the Sharks. The Sharks only want to come in AFTER the people are already making $500,000, $1 million and then they try to take 50% of the company If you making $500,000 already on your own, you can figure out where to go from there

 

[El Bombi]

I’ve never liked how he treats black folks on the show and now there’s evidence to prove he ain’t sh*t.

He struck a deal for Bubba’s Q sauce and ribs, changed the deal (which happens a lot on Shark Tank) and then set the brother up with his outside shady business partners.

Multiple people go on record saying how he’s not much help, changes terms of deals so he doesn’t have to give any money, and only comes around when he can squeeze another dollar out.

Ex-NFL player thought 'Shark Tank' would launch his barbecue empire. It became a nightmare, he says

Restaurateur Al "Bubba" Baker, who was a contestant on the long-running ABC series, claims that he was mistreated by mogul Daymond John, one of the show's "sharks."

www.latimes.com

Long article but very informative.

Gary Owen, you really hate Black Men.

 

[humminbird]

someone needs to find the coli thread where a member(not blacksands) met him and was pissed

 

[Genos]

Shark tank is upfront with the hosts being only about the money and "shark" people out of their money all of the time.

 

[Dem313wayz]

We had a thread on here where a poster went to a seminar of his and found out basically that he charged people for advice and told them to use google to find ideas.

Me and friends ran into him at the MGM casino downtown Detroit. He had his seminar that weekend. Invited us took some pics with us even bought a few drinks.

Seemed cool but I did always wonder how much money he did have. Fubu was popular for maybe 3 years. Idk what else he has made money in

 

[get these nets]

Inside The Secretive World Of Shark Tank Deals: Who The Real Winners Are

Which judges close the most deals, which ones change the terms off the air, and the surprising response from some entrepreneurs who don’t win over a shark.

www.forbes.com

Less than half of Shark Tank deals actually close.

Thanks
The article at the top seems to be a hit piece singling out John.

 

[Charlie Hustle]

Me and friends ran into him at the MGM casino downtown Detroit. He had his seminar that weekend. Invited us took some pics with us even bought a few drinks.

Seemed cool but I did always wonder how much money he did have. Fubu was popular for maybe 3 years. Idk what else he has made money in

Daymond John has invested around $8.5 million in a total of 61 companies on Shark Tank but he made over 350million from Fubu

Daymond John has invested a total of $8.5 million across 61 deals on Shark Tank. Most often, he likes to invest in private clothing and technology companies.

Without going into every single deal Daymond has made on Shark Tank, here are some of his highest-performing acquisitions to date:

• Bombas: Bombas is not only Daymond’s most successful investment, but the most successful investment in the show's history grossing a total of $225 million in lifetime sales. His current stake is worth $34 million.
• Spikeball: After Mr. John invested $500 thousand to acquire a 22% stake in the innovative ball game, the company has grown into a $100 million startup. His current stake should be close to $22 million.
• Hells Bells Helmets: This popular Shark Tank deal landed John a 50% stake in the 3D helmet design brand. With the company growing to over $10 million in valuation, his current stake should be close to $5 million. This is Daymond’s largest initial investment.
• Bubba’s Q BBQ: The Shark struck a deal for 30% of this brand of homemade boneless ribs for $300 thousand. Growing to over $16 million in revenue in 2017, Daymond’s stake in the business is now worth approximately $4.8 million.
• AquaVault: This company creating portable chargers and other essential travel gear grew to a $20 million valuation. These days, his initial $75 thousand investment has turned into a little bit over $5 million.
• Shefit: Shefit is a sports bra brand that Daymond invested $250 thousand in during the seventh season of Shark Tank. He received a 33% stake in the company. Since the time of airing, the company has grown to over $13.8 million in revenue, bringing the total value of his stake to $4.5 million.
• GoGoGear: The two founders of GoGoGear went on Shark Tank and signed a deal with Daymond for $300 thousand in exchange for 65% of the company. The fashionable biker clothing brand was right up Daymond’s alley. After hitting $7.48 million in revenue in 2021, the value of Daymond’s stake in the company grew to approximately $4.8 million.

Daymond John Net Worth and Investment Portfolio 2023 - MoneyMade

Explore this Daymond John net worth breakdown and learn how this American entrepreneur investor made his money, how he invests it, and how his portfolio has performed in 2022.

moneymade.io