‘Now Go Back and Start All Over’: Shark Tank Judges Draymond John and Kevin Oleary’s Disturbing Interaction with Fashion Designer Resurfaces
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A resurfaced clip from Shark Tank’s first season has social media buzzing, as FUBU founder Daymond John and investor Kevin O’Leary delivered a harsh takedown of an entrepreneur they believed was misleading them.
The episode, which aired in October 2009, featured Danon Beres, the CEO of fashion accessory brand Washed Up Hollywood, who confidently entered the Tank seeking $500,000 for a 25 percent stake in his company. However, what began as a routine pitch quickly spiraled into an intense confrontation.
Beres claimed to have sold more than 10,000 belts in the previous year, but his valuation immediately raised red flags among the Sharks. Barbara Corcoran pressed for details on costs, learning that each belt cost $40 wholesale and sold for $100.
The investors grew even more skeptical when Beres revealed he was both the CEO and designer of the brand. O’Leary, never one to hold back, questioned the viability of that combination in the fashion industry.
Kevin O’Leary and Daymond John slash a young entrepreneur’s dreams calling him a “lying pig.” (Photos: Alex Wong/Getty Images; Jim Spellman/WireImage)
When Beres confidently projected his company could reach $32 million in five years, O’Leary’s patience wore thin.
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