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Kevin O’Leary has built his reputation on spotting great investments and turning them into massive successes. But even the sharpest investors don’t always see the full potential of a deal right away. In a podcast episode, O’Leary shared a surprising story about a business pitch he initially thought was completely worthless, only for it to become one of his most profitable investments.
What seemed like a joke at first turned out to be a game-changer, proving that sometimes, the biggest wins come from the most unexpected places.
Kevin O’Leary’s worst investment turned into his best one onShark Tank
OnThe Full Send Podcast, Kevin O’Leary also known as Mr. Wonderful shared a story about an investment onShark Tank, he didn’t expect to be successful. He talked about a woman named Anna Skia, who pitched a cat DNA testing kit called Basepaws on the show. At first, the venture capitalist thought the idea was“total bullsh*t.”The kit was priced at $2,995 and claimed to help extend a cat’s life by testing its DNA and collecting data on health issues that cats face.
O’Leary couldn’t understand why anyone would spend so much on a test when they could just buy a new cat for much less. But Skia kept explaining that the real value wasn’t just in testing cats for fun and was in the data. The idea was to gather information about diseases affecting cats and the genetic factors behind them. Even though he didn’t think it would work, he was impressed by her passion and determination. So, he agreed to invest $250,000 just to move her out of the room.
ToKevin O’Leary’s surprise, his judgment was wrong, and the data collected from the DNA tests became very valuable. Pet companies and pharmaceutical companies were eager to use the information to improve products and treatments that could help cats live longer. So, his investment turned out to be one of his best, even though he didn’t fully see the potential at first.
Most Ruthless Shark Tank Judge Kevin O’Leary Has a Sage Advice For Newlyweds To Protect Their Finances: “Don’t let emotions get in the way of that”
On this experience, theShark Tankjudge added in the same conversation“You don’t know everything. Shut up and listen and take a few risks because you don’t know. And you’re going to be richly rewarded for it.”His story shows that sometimes the most unlikely ideas can end up being the most successful. And it’s important to stay open to new ideas, even if they seem strange at first.
Can Kevin O’leary’s $20 billion bid for TikTok succeed under current laws?
Kevin O’Learyremains interested in buying TikTok, but he says the deal cannot happen under current U.S. laws. Speaking toCNBC, he explained that while he and a group called The People’s Bid for TikTok, led by Project Liberty founder Frank McCourt, hadoffered ByteDance $20 billionin cash, the deal did not include TikTok’s algorithm, which has been a key concern for U.S. lawmakers.
Over $304 Million Life Time Sales is Proof Kevin O’Leary Did No Mistake Going One on One Against Another Shark For a Hit Product
O’Leary reacted to former President Donald Trump’s decision to extend the deadline for ByteDance to sell TikTok by 75 days, which gave more time to find a solution. Trump had suggested a joint venture where TikTok would remain active with 50% American ownership. O’Leary said:
That 50/50 deal, I would love to work with Trump on, so would every other potential buyer … But the problem with some of these ideas is they are inconsistent with the ruling of the Supreme Court.
He also pointed out that extending the deadline alone was not enough and that Congress needed to revisit the law to allow for new possibilities. He said:
What we need is not really a 75-day extension. What we need is to go back and ask Congress to open the order and provide for these new options, because they’re not provided for right now.I would love to do a deal if the law provided for it, but I don’t have the luxury of breaching the order of Congress.
Previously, O’Leary had estimated TikTok’s market value at $20-$30 billion, even without its algorithm, because of its strong brand and large user base. However, the legal uncertainty surrounding the platform remains a major challenge, making it unclear whether a deal will be possible.
You can watch all the seasons ofShark Tankon Hulu.
Sakshi Singh
Articles Published :1434
Sakshi Singh has written over 1,300 entertainment articles, mostly about Netflix shows and reality TV. She’s spent the last two years covering everything from surprise engagements to shocking eliminations and previously wrote for Essentially Sports in their Netflix Junkie division. A self-proclaimed reality TV addict, Sakshi has watched all 48 seasons of Survivor and never misses a new dating or competition series. She loves watching how strangers meet, fall in love, team up, or betray each other - it’s the mix of strategy and drama that keeps her hooked. When she’s not glued to a reality show, she’s usually watching a crime thriller or tracking the next big streaming hit.
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