Prediction Not checkable as stated
Daymond John: AI disruption will trigger civil war in the US
“Because AI is going to turn this country into a civil war. Because when the have-nots don't have anything, they're coming after us.”
Opinion
Daymond John: Wealthy founders seeking Shark Tank publicity are 'selfish bastards'
“If you have two million dollars in the bank, and you have your hat in your hand asking for money, and you have no no, you don't plan on closing a shark, you took that slot away from a family who risked everything, who their kids are not going to college, they'…”
Disclosure
Daymond John: I am not leaving any inheritance to my children
“Because I'm not leaving them anything. You know, I put it in my kid's head ever since I was young that, and then, that they were young, that they were not going to get anything.”
What-if
Daymond John: I could make FUBU a billion-dollar brand again
“Could I make it a probably
A billion dollar brand again?
Yes, I could. It would be a whole different model.”
Opinion
Daymond John: Shark Tank hits 3 in 10 winners versus VC's 2 in 10
“You know, I think two out of 10 is winners. I think we have three out of 10 because we have a baked in commercial.”
Prediction Open · timeframe Jul 2030
Daymond John: Tesla robots will cost $30k in two years and $5k in five
“Well, I think that if robots are going to be 30,000 dollars a piece from, what do you call it? Tesla? In two years? They're going to be 5000 in five years.”
Assertion Not checkable as stated
Daymond John: I hold the most successful investment in Shark Tank history
“Well, I tell everybody
Whenever I can, that I'm the lead shark with the most successful investment in history, shark tank history on all the shark tanks that exist around the world.”
Insight
Daymond John: Flying private is a waste of time
“Flying private is a waste of time. Don't do it for other people's reasons.”
Insight
Daymond John: Nike uses custom shoe orders to design next year's lines
“Nike still gets it right, in a sense and I'll just say a reason why. You know, they'll do a custom shoe for one person. You'll say a thirty billion dollar company doing a custom shoe for one person. What they're doing is they're putting that algorithm together…”
Assertion Not checkable as stated
Daymond John: Apparel brands make almost no profit outside jeans and t-shirts
“Clothing makes almost zero money off of anything else besides jeans and t-shirts.”
Assertion Not checkable as stated
Daymond John: Sharks close about 60% of on-air deals after 6-9 months
“Takes us six to nine months to close the deals. We close about 60% of the deals.”
Disclosure
Daymond John uses one-year non-shopping agreement to screen Shark Tank founders
“After we do the deal, you know in a handshake, I walk over to them and I send, I give them a piece of paper, very short one, and say, take it to your attorney. And it says on there something like, you know You're not gonna publicly shop this deal for another y…”
Assertion Contradicted
Daymond John: High school trade grads earn $70k, matching college grads
“A kid graduating college today is gonna barely make 70, 80,000. A kid who does a trade, like in my buddy Crash Champions, or HVAC, or these things that people don't want to do anymore, they're making 70,000 coming out of high school.”
Opinion
Daymond John: Billboards Are Today's Most Powerful Marketing Medium
“You know what's the most powerful thing you could do now? Billboards. You can't swipe a billboard when you're on a highway.”
Assertion Not checkable as stated
Daymond John: I Have Advised Every Living US President
“And I've advised every single living president till today, they haven't asked me for money, I can walk into any room, and they know who I am, and my name, I can open any company I want to, and I can walk into any room I want to, because my name goes in the roo…”
Disclosure
Daymond John: Turned Down $1.3 Billion Credit Line from Major Bank
“I'm not a billionaire. I'm not a billionaire by choice. I'm offered often, ah, you know, ah, huge venture deals, ah, a bank, very famous, well, the one of the most powerful banks said to me, Damien, you know what? I'll give you a 1.3 billion credit line.”
Insight
John: Capital highlights weaknesses rather than solving customer acquisition
“You know, the founders that believe that they need a ton of money. That's not the founder I want because money is going to highlight your weaknesses. If you can't get the same customers with 200 dollars, then you ain't going to get them with two million, right…”
Opinion
Daymond John: Actively Black is the modern equivalent of FUBU
“I like a company called Actively Black. They're the new version of FUBU to me, where they had the license for like Marvel, they had the license for Tupac, so they had Black Panther and stuff like that.”
Assertion Partly supported
Daymond John: Black and white garments account for roughly 80% of apparel sales
“In the business, for the most part, almost 60% of all sales and clothing is black. 20% is white. The rest is just sprinkled in between.”
Insight
Daymond John: Pitching 'if we only get 1% of the market' instantly ruins deals
“The pitch that doesn't work for sure is the people that immediately come in and they just, everything is hypothetical and they assume. They don't have a history of things, and they go, the number one thing that you can say that I immediately check out, or I gi…”
Assertion Supported
Daymond John: Scrub Daddy Has Sold $1.3B in Sponges
“1.3 billion dollars worth of sponges. She's slinging plastic like Happy Meals.”
Insight
Daymond John: Modern CEOs Without Public Brands Risk PR Crises
“Today's CEO is a person that they need to know who their brand is. The most successful CEOs I know, they're doing millions and billions of dollars, but nobody knows who they are. But yet the kid in the mailroom gets pissed off over a decision you make and put …”
Disclosure
Daymond John: First-year Shark Tank legal fees hit $750k before software
“I spent about 750,000 dollars in attorney fees alone just to look at the deal. Now I put it through a VC software, it cost me 10,000 dollars to do everything.”
Disclosure
Daymond John structures angel deals as options to avoid K-1 filings
“Also, you know, I look at a lot of the deals I do options on the deals. Because, you know, I'm not trying to fill out all this corporate filing and stuff like that, and especially if you're late on your K ones, and I'm late and all kind of stuff like that. So …”
Daymond John