0:00 was a crazy success since they won he looks like a lesbian Maman also this Baba Boba brand like Innovative Boba this brand like there's nothing new about [Music] it tell me all of you guys have already seen by now the uh simu clapping back on that Boba drink oh yeah Dragon thing oh is that like a um what's that the shark shark tank for Canada yeah oh okay what's what's the show called dragon dragon that's the original name well there's a lot of different uh Dragons Den Shark Tank there's a a lot of countries have different ones but they're all the same company the OG one is is um in Japan that's where it started and then they licensed it out but that one is ████ funny like you
0:53 have to beg for it dude they make people like basically like it's so good did you see the SE situation yeah I did yeah everyone's caught up with that yeah I saw that cuz he was like I don't like this fing poping Bubba and I was like you know usually I'll be like dude seu why you why you why you making it so serious but then in this case I was like yeah yeah these guys were lazy like they were bad entrepreneurs they're dumb real quick it's a French Canadian uh Duo that started this Boba company where they literally called it Boba but with an extra B so it looks like Baba it was some dud it which seems like an easy like you know like a very obvious exploit attempt yeah yeah but no it seemed like some swap me in Canada ran out of entrepreneurs and they just grabbed anybody off the street but
1:44 they're making a lot of money already though are they really yeah they're hugely successful already and the did you see that the uh mangit actually invested she gave a million bucks and then because of all the backlash she took she really no I didn't watch the whole episode she pulled out yeah I didn't watch the whole episode so just to recap hello Dr my name is Jessica and my name is Sebastian we are here today from KX City speaking $1 million in exchange of 18% of our business Boba so they're already successful they already they already in storage how much how much are they getting they want one mil never anyone else heard a bubble was drinking bubble tea this morning I've never heard of this thing before I'm talking about bubble tea that trendy sugary drink up Su knows it's
2:34 TR those days are over with Boba so she's those dayses are over with B she lost me by the way they look she just they just said it's not it's there's no longer an ethnical drink ethnical yeah what the ████ is ethnical well like is that a French word that they're trying to translate yeah they're they're just terrible but there goes the French again trying to take over ████ that's not theirs and they're saying that they're saying that people don't they just made this thing up saying that like when you get boba you don't know what's in it it's tapioca are you ████ stupid they're like those days are over the days of being like what am I drinking that's so ████ I didn't see that part that's hilarious a lot of it's pretty bad yeah damn you Canadians when you get this drink this ████ what is this ching chong thing I don't know is what
3:24 this ching chong thing it doesn't have to be ching chong anymore it's already trying to solve a problem that doesn't and acting like they're the reason for fixing and everyone's like are you ████ and isn't there one of their pctures like they're trying to make boba healthy or some ████ this bage into a convenient and interor fre to drink experience since day one we are disturbing this $4 billion Market with three simple ingredients fuit juice and our famous Bing Boba last year we just launched two crazy Innovation the first that's a funny oh my bad that's a funny moment because uh to drink Buble tea I saw W uh W Fu Phils putting uh he did like a reaction thing to it it that's a white label product yeah and he showed he actually showed photos of the white level product you just literally stuck their ████ brand
4:14 sticker on the box and it's like that's not Innovative at all you literally white he's a lying sack of ████ because he says they only have three ingredients but that alone the popping Boba alone has like ████ high like it's like high fructose corn syrup it's all ████ colored think about all the Shelf like the preservatives to keep the shelf life too right but it's only three ingredients sure yeah right brother I don't even drink or grab and go poing Boba so Dragon are you now ready to drink our prod yeah Boba comes in various flavors like watermelon dragon fruit and Peach it retails for about Canada us with extra B too Bas though boba's popping raspberry and lime not bad this is the
5:04 poping Boba uh we set it in convenience store to add to any drinks this is my first time having bubble tea you're missing out in life man I've never seen it like in this I've seen people have tried to bottle it up um it's very difficult to maintain the flavor did you like this um I I thought it was fine but I but I you know I I'm concerned about this idea of disrupting or disturbing bubble tea because it's something that's very they're giv new t on things sure but I'm looking at looking at these there's also an issue of cultural appropriation there's an issue of taking something that's very distinctly Asian in its identity and and quote unquote making it better which I have an issue with but I want to hear the pitch before I formulate an opinion ████ you know what you did start a little heavy there a little
5:55 heavy I mean I wouldn't have communicated that way but anymore with the popping bobas so we took the the the version the Asian version fruit with juice the popping Boba is new I can't say I've had that it definitely Boba is hold on hold the popping Boba is new oh my God I also I also it's like know your audience right like these people probably ████ eat french duck liver every day and drink espresso they don't know anything else but that I'm just I'm just going to assume like they they're they're Quebec's and they ████ eat baguette and they don't know anything else about the world they yell at you for looking ugly the popping Boba is new that's crazy CRA but the funny thing is like isn't Vancouver like Chinatown yeah like I heard it's got like half of the place there is just Chinese people yeah but so
6:46 that tells me that these Canadians don't go outside of their Circ I don't think it's Canadian it's just they're they're just at a level of wealth that they don't see the same thing that most people do who what what's the name of drag they're the investors they're the ones that they're the Sharks basically what's the name of the ladies of the the PO mjiit mangit you're a ████ idiot no she's getting like she's getting smoked hey can you get smoked you're a ████ idiot like don't don't be going on TV saying stuff like if you don't no listen to the Asian guy that's the whole point of having a diverse group of people there you loser yeah but she's riding them off because it probably sounds like she's like oh you're look stop being woke man you're a ████ idiot like I'll say it again Jesus yeah she's getting super like I just think it's it's she's the one that invested at the end of this episode and
7:36 then now has pulled it back double idiot double idiot ultimate ID manufacture this yourself no so we have a three partner but they are exclusive partner so they only make my bubble where I just won't invest in a guy that dresses like that who the ████ has leopard print collars I was like looking at the data about Bubble te and uh the poing BBA was just Rising everywhere in the world so I was like I need to come out with something was a crazy success since they won he looks like a ████ lesbi M so we just launched this company two years ago the first real did 2.2 million also ████ thisand ████ this ████ this Baba Boba brand like Innovative Boba ████ this brand like there's nothing new about it it's stupid and like is there a need for
8:26 this type of like drink in the market like as far as like it's you buy it at the store you Pi they're making money right so like yeah they're making a lot of money they're but it's not a lot if you think about how many the population is in Canada they only made a million in a year 2 million 2.2 million that's not a lot of people in my opinion because it's cpg right so like consumer packaged Goods that's really like they're just getting their foood in the door which is why it makes sense for guy like the number sounds like a lot $2 million it's probably grow sales too it's not like they're Ebon ████ you know yeah it's inflated numbers people always inflate their numbers but what I'm saying is like um that's like entry level for like getting into this level of business and then you need and then you need investors right it's not a lot of money yeah but still boycott this ████ anyway but already you think they're going to
9:16 do well though I don't think but if if they're only selling to people like them and they like people buying they're like oh what is this new ████ right like they don't have access to Asian products it's only a matter of time when that group will graduate and actually find the real ████ so it's shortlived so like it's just a bad business I I look I commend anybody for like doing business in general regardless it's like cultural appropriation is like it wouldn't be there if their demeanor in their presentation wasn't appropriating it like we're doing something brand new we're innovating we doing if they were just like hey this is like one of our favorite drinks that we grew up it's statement and we just want to like get this more accessible and like get this out is The Branding that we put together then it'd be like oh ████ well I can't get mad that they might be doing it better than the mom and pop Asian who's not doing it in this style in this age
10:08 or going on a TV show and risking everything like you can't get mad at that as much but when you're saying like yeah like you know I was looking at the data and you know this is a big and we're going to make it better and healthier and G of the days is no longer ethical it's like but it's a white label that's crazy but it's also just juice right now you're just making statements that are absolute ████ how different is that from bubble tea and I've never heard anyone call it Bubble Tea in Forever by the way think I think that's also more of a Canada I think I think he's just lazy business it's it's like the more you hear him talk the more un like he shout out simu thank you a profit of 300,000 and this year we just end the year in February we did $4.6 uh million with a profit of $600,000 we are on our way to do uh 7
10:59 million this year and we expect to do 14 uh the next year that's impress The Numbers Never Lie those are projections what the are they actual business people like what the ████ try to figure out how we can do 25 million really fast because we are the leader in the category right now so then what is you the million dollars for then so it's going to be for listing fees in the in the US basically uh Albertson asking for $600,000 for 2,000 store hey big risk big reward we just want outco this year holy smokes so you're building a brand and and this is let's see if I can articulate this but the name Boba the industry is Boba is it not is that a good thing being called Boba or a bad thing well they added a
11:49 [Laughter] b so right now we're we're working with lawyer and everything but at the end of the day maybe we going to need to add a little word after the buo clearly you're doing very well what respect is being paid to this very Asian drink that has blown up around the world she don't like that ████ is it in your teas is it in your product development who is on your staff who is on your c table that is that is it's a good question because our uh best partner is in Taiwan actually so uh they make all the receipt all the Boba we work really hard we travel to Taiwan we speak with them it's they are part of our team it's it's it's PR important for us so uh that's that's the best part that's the cutural part of our product
12:39 cut we have a deal with ,000 of this to put in the slush and it's a crazy success oh yeah that's such a good guys I just like we see so many consumer package Goods products this is this is like Mega I've never seen anything like it I'm sure we can sell it to Pepsi for $1 billion in like five years I I we are convinced to that his pan back on simu is ████ go first I find hilar as Howell dramatic it is D I've got to love it and stand behind it but at this stage um it's not for me and and I'm out I am studying your can and I am looking for anything that tells me where
13:32 Boba came from and where Boba came from is Taiwan you know I started this Venture company for a lot of reasons but really primarily to uplift minority entrepreneurs and and not only do I feel like this is not happening here but that I would be uplifting a business that is profiting off of something that feels so dear to my cultural heritage I want to be a part of bringing Boba to the masses but not like this so for that reason I'm out Fair thanks I thought that was really well it's pretty yeah I'm not sure I'm the right partner for you so for that reason I'm going to be out Canadians are so nice i' never had Boba before of course you I want to help
14:22 you build the distribution out in the US that does take money for sure so just so you know she's been getting and that's what you really of million for 20% of the business I don't think a death no yeah that's way over hat now have no issue with it I believe I what about this lady she's not getting ████ she didn't I don't think she got in your bus she offered you do not need I think they took the other you're going to need help marketing so they B long story short they take M's offer um ████ hits the fan on social media you can't even look up seu without this thing popping up as like the main story behind him and uh basically he did a response saying like yeah guys like I you know he's standing behind what he said he's explaining it more detail but
15:12 he's also like relax don't make it something that's like uh don't be so mad yeah when people get death threats like that's crazy like don't be crazy he de escalated yeah it was actually really well done but then I death threats for ████ bubble tea is pretty funny dude I wish someone loved J so much that they would kill for it so good you murder people for it there's um and then I wanted to see some other like it's it's a split opinion as much as it looks obvious to us that this is something like good that c is standing out for there's a heavy uh I guess like conservative side that's hating on him super bad conservative like Republic like that oh yeah that are like a right-wing side that's basically uh like I watched the Matt Walsh video in his response and that whole world hates everything he said and they think they
16:02 they equate it to examples like oh well then I guess Vietnamese people can't have a pizza shop or I guess like oh my God but the the point is that they're not no Asian person is making a brand that fixes Pizza called Pizza you know it's like that's how close this exploitation is it's not it's not that some Canadians are making Boba simu never specifically said he doesn't like someone not Asian making Boba it's not this way yeah it's like that I'm pretty sure he'd be behind white people that did their due diligence right but dud like that that mindset of like we're fixing Boba like that already alienates the whole and we call it Baba you know what though be on it I would I I would give them a little Grace cuz they're French and I I hate French people and I know that they ████ that's giving
16:52 them Grace no but like French Canadian they're very different GI it's already difficult to pitch right and I know that there's a language barrier but I do what I don't like is I think it's lazy ████ business yeah like they didn't do their research yeah they're I mean okay there might be a language barrier there where they're using the wrong words of like they're using buzzword we're going to disrupt the industry we're going to do this some of those things I'm like yeah it's people just say cliche ████ yeah in a pitch so that that part I'm like all right maybe they they probably miss used some words I'll give them that but as a business I think it ████ sucks yeah I think it's like a grab cash and go kind of business which is like some people do that which is like you're valid if that's your attempt but I think the branding is's
17:42 ugly I think it looks like ████ sunglasses yeah and it's like if it's only like like I said it's only a matter of time till your customers get exposed to a superior better product when they get into you're a gateway drug you're going to give them one dose they might like what Boba is they're going to go and find other products and they're going to ditch your ████ and realize it was garbage what if it happens the opposite where like the California roll becomes Sushi God damn it hey but if there's you know that's the thing is like if there's a market for it orange chicken becomes Chinese that's different because every every sushi restaurant can make a California that's different if these people trademark Boba for example like that's the part that's crazy to me there's a f there's a f thing that's happening right now too yeah yeah we're same thing it's like in the UK right or
18:32 something yeah some uh UK restaurant owner they so they opened it and then they trademark F wow so all the other restaurants like f99 or F 32 they can't have that and it's like that's wild wild that's super wild yeah that's that's closer to what I feel like that shouldn't have passed yeah how did that pass hey the ultimate because it's like people like man are sitting on the board whoever's in the seat yeah whoever's in the board just goes sure this is a good opportunity for would to drop his own Boba line dude know like honestly like if anyone knows what the ████ to do probably be him this is how you do it you know what I mean we're late like eight days to the story but like the the crazy thing is that he ended up I think finding a different Boba company to invest on Shark Tank or just no just separately I think we'll see they have to compete and see who wins I mean he's friends with like Boba Guys and all
19:22 those people too you know and Boba mofo so yeah but if the if these people regardless if they didn't see this show if they get into like us Albertson 2000 stores they're in Costco and stuff like those people who purchase the consumer package Goods there they might not be like o I like this let me go to Yelp like you know sunright te or you know they're not going to look up no yeah there like this is where I get my St it's the convenience of just getting I agre that 10x Market anyway you know to me sometimes I think it takes that group to introduce yeah exactly and then so I'm conflicted on this topic because I know sometimes it takes the more like like let's say you're making a palatable product for your population you're inspired by this group right so you kind of disrupt it and change it but you're
20:12 also now a Gateway for that to be introduced to that but sometimes people never leave the Gateway like there's people that eat the ████ out of Trader Mings and they've never gone to dimsum you know what I mean yeah like some people stay at Panda Express which is fine but ultimately I think it's a bad business and it won't survive so like now it's going to have a problem it's getting shat on like crazy they also they also released an apology that uh company really yeah since then they've they've issued an apology for it but then the conservative side is really upset that they apologized because again they keep equating it to things like well then simu can't wear loafers which were invented by Norwegians and can't he but when did simu say that white people can't do it he never said that so then now they just they just basically took that and assumed that it meant white people can't do they're just translating what he said and like missing most of
21:02 the point and like translating into rage bait for political like favor you know it's like they're they're equating it to saying things like well look at the Chinese and all the things that they take and manufacture from American inventions it's like this isn't that but as soon as you as soon as you say cultural appropriation that's like the buzzword that everybody like latches on to and then they just use that as the argument for whatever and he didn't even specifically call it cultural appropriation he said he he was being careful of of like he was trying to like that's why he was questioning like part of their team was it's the Publishers too then a part of that culture to give them you know some some leeway in that whack I don't know man I isn't it funny how like the right be talking about how you should be able to talk about everything and every and and they don't understand the Nuance of why
21:54 something is misrepresented and it's horribly done yeah yeah cuz it's like I don't see why they can't I don't why they can't catch the difference between what this is and a normal and why can't you call out that there's bad taste and it's it's it's not even it's lazy thinking it wasn't researched so like and then you have someone of that culture telling you dude you ████ up and then you can't accept that yeah like that's what I don't understand right even if these were like asian-americans with the same exact pitch it's still just as lazy it is lazy and stupid it's like what's his name when he tried to do the chili flake ████ the chili oh yeah yeah like look how pissed everybody got and that dude he's closer to that yeah he's closer to that product and that world and people still didn't accept it it's not about them being not Asian no but I do think it's the idiots that also take the cultural appropriation
22:44 overboard like yeah like that kid that was like my ████ culture is not your prom dress he's not even Chinese he's just some Filipino boy right and he said racist ████ himself but he doesn't even understand it's it's both sides not understanding what that is right cuz like some people actually take it as white colonist stop ████ profiting off of our ████ yeah but I think that there's Nuance thinking like Ivan Ramen Jewish guy went to Japan celebrated by Japanese people because of his ramen restaurant won awards it was really good he opens up in New York and I and I asked this audience in the in in um at ████ Stanford or in NorCal I was like okay look I'm Japanese right if I ████ open up a Ramen Shop right next
23:34 to him and I serve Top Ramen am I more authentic cuz I'm Japanese but I didn't ████ study I'm I'm being a lazy businessman I just did it but this guy he spent decades studied under the right people he won awards in Japan embraced by Japanese people came back wanted to share that same love for ramen in America who's actually the right one I actually think it's Ivan Ramen not me I feel like I'm the con because I'm using like hey my presentation as a Japanese person but I did lazy thinking I'm just trying to make a quick Buck well that's that's food throughout the world everybody knows that different different ethnicities are responsible for changing foods and making them better greater but they're not replacing the name and slightly changing it so that when you say it now your connotation goes with their brand and not the thing that made the trend possible that's also crazy
24:26 because they're calling it Boba but it's phonetically read as baba baba then the way he just like dead pan they added a b they I I like that you're looking at it from more of like a sales perspective too when how with how like weak it is but then when you look at manit's reaction it's so disappointing that she's just like oh yeah greatz cuz it would have like what Jo was saying like if they came to the pitch like we love Boba so much we're so passionate about it we want to share with the world and a greater audience and bigger Marketplace and we partnered with Taiwan specifically where boa came from hey hey let's let's invest like I'm sure simu would have been very different if they approached it that way yeah they have examples all across the world with that I kind of like M now she's kind of fire for the TV show she's a disruptor of the show she's a disruptor
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