Why didn t Wen Muenyi get the deal?
Asking for $212,000 investment for a 10 per cent stake, Wen walked onto the stage. When Sharks asked him about his profit, he said it takes him $33 to make the sheet and it is priced at $148 giving him a profit margin of $70. Sharks were not too happy about him selling T-shirts and asked why did he want the exact ‘212’ number.
Wen s answer was “Because I wanted to say the number without stuttering.” Moreover, when they asked if he could actually get $2 million in sales, he said, “I mean it Might not be true,” and made all Sharks guffaw with laughter.