• Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Write For Us / Submit
Tech News, Magazine & Review WordPress Theme 2017
  • Tech
    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook Reels app on a smartphone on a yellow background

    How to Hide Reels on Facebook

    6 Android Apps for Budget Management

    Meta lays off 11,000 workers as it faces competition from TikTok

  • Gear
    • All
    • Camera
    • Laptop
    • Smartphone
    Pixel Watch in the test

    Google Pixel Watch in the Test

    Top 5 Websites To Buy Camera Lenses At Reasonable Price

    Top 5 Websites To Buy Camera Lenses At Reasonable Price

    US midterm results latest: Republicans win 218 seats to take House as Kevin McCarthy wins initial GOP speaker vote

    US midterm results latest: Republicans win 218 seats to take House as Kevin McCarthy wins initial GOP speaker vote

    Google Pixel Watch

    Your Pixel Watch is Getting Better at Sleep Tracking

    Analyst: iPhone 14 Plus Sales Lagged Behind iPhone 13 Mini, Strategy 'Failed'

    Apple’s Emergency SOS Service for iPhone 14 Goes Live in US and Canada

    Pixel 7 Pro hazel top down view with display on

    Survey shows few people have had major issues with the Pixel 7 series

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Gaming
    Discover the Top Five GBA Emulators for iOS 15!

    Discover the Top Five GBA Emulators for iOS 15!

    Discord on Xbox is dropping its reliance on your phone

    Xbox rolls out official support for Discord, Lightstream, and Streamlabs

    Samsung brings Xbox Cloud Gaming and GeForce Now to 2021 sets

    Samsung brings Xbox Cloud Gaming and GeForce Now to 2021 sets

    Virtual Gaming Revolution Continuing To Develop

    Virtual Gaming Revolution Continuing To Develop

    How to Set Custom Shortcuts for Xbox Game Bar in Windows

    How to Set Custom Shortcuts for Xbox Game Bar in Windows

    Asus' ROG Flow Z13 is a Surface for gaming

    Asus’ ROG Flow Z13 is a Surface for gaming

  • Crypto
    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook Reels app on a smartphone on a yellow background

    How to Hide Reels on Facebook

    6 Android Apps for Budget Management

    Meta lays off 11,000 workers as it faces competition from TikTok

  • Business
    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook Reels app on a smartphone on a yellow background

    How to Hide Reels on Facebook

    6 Android Apps for Budget Management

    Meta lays off 11,000 workers as it faces competition from TikTok

No Result
View All Result
Geeky Insider
  • Tech
    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook Reels app on a smartphone on a yellow background

    How to Hide Reels on Facebook

    6 Android Apps for Budget Management

    Meta lays off 11,000 workers as it faces competition from TikTok

  • Gear
    • All
    • Camera
    • Laptop
    • Smartphone
    Pixel Watch in the test

    Google Pixel Watch in the Test

    Top 5 Websites To Buy Camera Lenses At Reasonable Price

    Top 5 Websites To Buy Camera Lenses At Reasonable Price

    US midterm results latest: Republicans win 218 seats to take House as Kevin McCarthy wins initial GOP speaker vote

    US midterm results latest: Republicans win 218 seats to take House as Kevin McCarthy wins initial GOP speaker vote

    Google Pixel Watch

    Your Pixel Watch is Getting Better at Sleep Tracking

    Analyst: iPhone 14 Plus Sales Lagged Behind iPhone 13 Mini, Strategy 'Failed'

    Apple’s Emergency SOS Service for iPhone 14 Goes Live in US and Canada

    Pixel 7 Pro hazel top down view with display on

    Survey shows few people have had major issues with the Pixel 7 series

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Gaming
    Discover the Top Five GBA Emulators for iOS 15!

    Discover the Top Five GBA Emulators for iOS 15!

    Discord on Xbox is dropping its reliance on your phone

    Xbox rolls out official support for Discord, Lightstream, and Streamlabs

    Samsung brings Xbox Cloud Gaming and GeForce Now to 2021 sets

    Samsung brings Xbox Cloud Gaming and GeForce Now to 2021 sets

    Virtual Gaming Revolution Continuing To Develop

    Virtual Gaming Revolution Continuing To Develop

    How to Set Custom Shortcuts for Xbox Game Bar in Windows

    How to Set Custom Shortcuts for Xbox Game Bar in Windows

    Asus' ROG Flow Z13 is a Surface for gaming

    Asus’ ROG Flow Z13 is a Surface for gaming

  • Crypto
    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook Reels app on a smartphone on a yellow background

    How to Hide Reels on Facebook

    6 Android Apps for Budget Management

    Meta lays off 11,000 workers as it faces competition from TikTok

  • Business
    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook Reels app on a smartphone on a yellow background

    How to Hide Reels on Facebook

    6 Android Apps for Budget Management

    Meta lays off 11,000 workers as it faces competition from TikTok

Submit
Geeky Insider
No Result
View All Result

Worst ‘Shark Tank’ investment ever was the Breathometer

by Staff Writer
July 24, 2022
in Business
Reading Time: 4 mins read
Worst 'Shark Tank' investment ever was the Breathometer
Share on FacebookShare on Twitter

Over more than a decade on ABC’s “Shark Tank,” billionaire Mark Cuban has seen his share of good investments — and bad ones.

Last week, Cuban told the “Full Send” podcast that after investing nearly $20 million in 85 startups on “Shark Tank,” he’s taken a net loss across all of those deals combined. “I’ve gotten beat,” Cuban admitted with a laugh, before going on to share the worst investment deal he’s ever made on the TV show: the Breathometer.

In 2013, an entrepreneur named Charles Michael Yim went on “Shark Tank” to pitch his product, the Breathometer, as “the world’s first smartphone breathalyzer.” Yim wowed Cuban and the other Sharks by showing off a smartphone attachment that he claimed could accurately measure blood alcohol content (BAC).

READ ALSO

What is Agile Transformation

What is Agile Transformation? | Definition and Overview

February 28, 2023
Business Lessons You Should Learn

The 8 Business Lessons You Should Learn

February 28, 2023

Yim’s gave the Sharks glasses of champagne, and then had them blow into a small, plastic device that could attach to a smartphone. Yim claimed the device could send BAC level readings to your phone, and gave you the option of calling a cab with the touch of a button if your BAC level was too high.

Charles Michael Yim pitches the Breathometer on ABC’s “Shark Tank” in 2013.

Kelsey Mcneal | Disney General Entertainment Content | Getty Images

The pitch was compelling, and Yim became the first “Shark Tank” entrepreneur to pull in all five Sharks into a joint investment. Cuban, Kevin O’Leary, Daymond John, Lori Greiner and Robert Herjavec pooled together a $1 million investment for a 30% stake, which valued Yim’s company at $3.3 million.

“It was a great product,” Cuban said last week. “But, the guy – Charles – I’d look at his Instagram and he’d be in Bora Bora … Two weeks later, he’d been in [Las] Vegas partying, and then he’d be on Necker Island with Richard Branson.”

“I’d text him, like ‘What the f— are you doing? You’re supposed to be working,'” Cuban said. According to Cuban’s recollection, Yim would reply that he was “networking” on behalf of the business.

Cuban said the excuse didn’t quite hold up: “Next thing you know, all of the money’s gone.”

By 2016, Yim was transitioning away from the Breathometer, partnering with health care giant Philips on a product called Mint that measured levels of sulfur compounds in your mouth to determine whether or not you had bad breath.

In January 2017, the Federal Trade Commission filed a complaint against Yim and Breathometer, alleging that the company misled its customers about the product’s ability to accurately measure BAC. According to the FTC, Breathometer “lacked scientific evidence to back up their advertising claims.”

That same month, Breathometer reached a settlement with the FTC over that complaint, forcing the company to notify and fully refund every customer who’d bought a device. According to the FTC, the company never performed adequate testing despite claiming that its products were backed by “government-lab grade testing.”

“That was my biggest beating,” Cuban said.

Meanwhile, Cuban also reached out to CNBC Make It to clarify his comments about his overall investing track record on “Shark Tank,” noting that his net loss to this point is only “on a cash basis” and does not account for the fact that he’s not yet exited many of those investments.

“I haven’t gotten out more than I have put in,” he said in an e-mail. “But that doesn’t account for all the ongoing, operating businesses and their valuations.”

In response to Cuban’s allegations, Yim tells CNBC Make It that the “comments were completely off [base],” and that he didn’t blow his company’s money on personal travel. He also says it’s “not fair” that Cuban would base his assessment of Yim’s CEO abilities on a series of social media posts, and notes that his trip to Necker Island was to pitch the Breathometer to Richard Branson. The pitch was successful, and Yim became a 2015 finalist in Branson’s Extreme Tech Challenge pitch competition.

“You can’t look at someone’s social media and take it for face value,” Yim says. “That’s not how social media works.”

Yim acknowledges not committing to proper testing for some of his products, and says that lack of rigor contributed more to derailing his company’s progress than his travel schedule. Today, neither the Breathometer or Mint products are available for purchase on the company’s website.

The founder notes that Cuban took the lion’s share of the investment, accounting for $500,000 of the total $1 million. He says the Sharks might finally recoup some value from their investment, because the company recently agreed to be acquired. Details for such a deal do not yet appear to be public.

UPDATE: This article has been updated with an additional comment from Mark Cuban on his “Shark Tank” investments.

Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank.”

Sign up now: Get smarter about your money and career with our weekly newsletter

Don’t miss:

Why Mark Cuban called this ‘Shark Tank’ CEO who brought in millions ‘a great case for what not to do’

Barbara Corcoran to ‘Shark Tank’ start-up: This common mental mistake is ‘the biggest danger’ to your success

Source by www.cnbc.com

Related Posts

Agile Communication Explosion
Business

The Agile Communication Explosion

March 15, 2023
Unlock the Secrets of Data Visualizations
Business

Unlock the Secrets of Data Visualizations

March 15, 2023
Kanban vs Scrum: What's the Difference
Business

Kanban vs Scrum: What’s the Difference?

March 5, 2023
Transformational Servant Leadership
Business

Ultimate Power of Transformational Servant Leadership

March 2, 2023

Recommended.

LG Tone Free FP9 review with the earbuds and lights visible

Turn that old iPod wireless with these ingenious earbuds

August 28, 2022
ios16 select lock screen

How to add widgets to your iPhone lock screen

September 23, 2022

Trending.

wazirx india crypto

WazirX launches coin reports with data

September 8, 2022
How Qatar's New Cool-Tech Gear Helps Workers in Extreme Heat

How Qatar’s New Cool-Tech Gear Helps Workers in Extreme Heat

September 8, 2022
Five Phases for the Procedure for Agile Transformation

Agile Transformation – 5 Phases for the Better Procedure

December 28, 2022
US Lawmakers Push Tech Firms on Abortion Benefits for Gig Workers

US Lawmakers Push Tech Firms on Abortion Benefits for Gig Workers

September 23, 2022
Delta Partners €70m VC fund sets its sights on Cork tech start-ups

Delta Partners €70m VC fund sets its sights on Cork tech start-ups

September 8, 2022
Geeky Insider

Geeky Insider is Web based independent Tech Magazine covering Topics Related to Technology, Gadgets, Software, Gaming, Crypto, Business And So on. Read More...

Submit a Techy Post | Write For Us

Feel free to contact us for submission queries. via contact form or email us at [email protected].

Categories

  • Android
  • Apple
  • Apps And Softwares
  • Articles
  • Business
  • Camera
  • Crypto
  • Education
  • Entertainment
  • Gadget and Gear
  • Gaming
  • How To
  • Laptop
  • Marketing
  • Microsoft
  • Review
  • Security
  • Smartphone
  • Technology
Agile Communication Explosion

The Agile Communication Explosion

March 15, 2023
Unlock the Secrets of Data Visualizations

Unlock the Secrets of Data Visualizations

March 15, 2023
Kanban vs Scrum: What's the Difference

Kanban vs Scrum: What’s the Difference?

March 5, 2023
  • Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Write For Us / Submit

© 2022 GeekyInsider.com

No Result
View All Result
  • Home
  • Review
  • Apple
  • Gaming
  • Gadget and Gear
    • Camera
    • Smartphone
  • Microsoft
  • Security