NEVER Pitch a Pyramid Scheme on Shark Tank or Dragon's Den
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Published 2021-01-08
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this video is an opinion and in no way should be construed as statements of fact. scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napolean Hill pitch.
All Comments (21)
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He wasn't trying to scam them. He had no idea what he got himself into.
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“It’s not a pyramid scheme, it’s a triangle plan”
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I still can't get over the sheer world-shaking hubris of the phrase "here's me, and here's the five Dragons under me..."
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In the 80's I was working as a Lead Investigator in loss prevention in Chicago. I worked closely with the Lead Detective. One day the Customer Service Manager approaches us with a "cool way to make some extra money". After he explained it to us, we were like, "that would never work - someone at the bottom is going to get screwed". As we investigated it further we realized it was a Pyramid Scheme - and an absolutely MASSIVE one involving tens of thousands of people. So we contacted the Chicago Police and turned over our investigation to them - around 3 months later they made a number of arrests, and broke up the pyramid, which was even bigger than we had thought. And yes, those that we spoke to helping to manage the pyramid really believed in it, and genuinely did not seem to understand that they were involved in fraud.
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I love the lady. “Stop. Let him talk.” Translation: “Everyone shut up. This’ll be funny.”
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how to not look sweaty on Dragon's Den: 1) pitch a product that glows in the dark 2) wear it 3) ask the producers to 'please cut the lights'
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The water tastes so bad because it's just dehumidifying all that dude's sweat.
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Little PSA here: NEVER drink water out of a dehumidifier. It’s very dangerous and there’s no way any filtration system they have in there is making it safe to drink.
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The first guy literally recreated the office scene where Michael Scott accidentally discovers he’s in a pyramid scheme
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"Its not a pyramid scheme, cuz those are illegal." So is murder, but it happens quite a bit.
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The first guy at least tried to avoid the word “pyramid scheme.” The second group literally said it with their full chests lmao
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That first dude's first mistake was trusting a 'business opportunity' from his ex wife.
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watching this man vehemently deny that it’s a pyramid scheme, and then immediately explain the business by drawing a triangle with his hands is peak comedy
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Imagine being apart of a scam without knowing it and then realizing it on national television.
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The second one got even better. The host talked to them afterwards, and they were saying it needed to be colder. Host says "does the temperature mask the awful taste?". They were like "no, it needs to go through the filters more times". Host: "yeah, right".
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That first person has the vibe of giving a presentation to your professor, but you didn't study the topic
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"It's easier to fool a man then it is to convince him he has been fooled"
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The first guy was asking for $175,000 not for the business but so he could pay off the mortgage on his house. He's broke
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18:08 "Its just good, old-fashioned, pyramid-multi-level-direct-marketing." 😭😭
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Given how O'Leary was paid by SBF to pitch FTX, I question his credibility to catch scams.
