Ayurythm deal -- more like risk?

I don't know man but the ayurythm deal with aman felt more like a risk. I mean, I felt like it's more like an app on google play or iOS but aman/boat company wanted to acquire & merge it onto its gadget. I mean, it's accuracy still needs proper R&D but closing the deal despite R&D tasked to check the algorithm of the app still is risky man.

I mean, if it works it works but accuracy is still like walking through the burning coal. 😕

Originally posted by: Myrah_2020

I don't know man but the ayurythm deal with aman felt more like a risk. I mean, I felt like it's more like an app on google play or iOS but aman/boat company wanted to acquire & merge it onto its gadget. I mean, it's accuracy still needs proper R&D but closing the deal despite R&D tasked to check the algorithm of the app still is risky man.

I mean, if it works it works but accuracy is still like walking through the burning coal. 😕

he will check the accuracy with the help of his R&D team, only then he will use it

Originally posted by: priya185

he will check the accuracy with the help of his R&D team, only then he will use it

ok, so the cheque he gave, he'll reimburse it back to himself if the accuracy comes to be true?

Originally posted by: Myrah_2020

ok, so the cheque he gave, he'll reimburse it back to himself if the accuracy comes to be true?

I don't know the actual process but in the interview of Aman and Namita, Aman had mentioned that the deal in Shark tank is more like a soft commitment and all the due diligence is done later. If everything is fine the deal goes through. He had also mentioned that in some of the deals he had done the entrepreneurs were lying about their numbers and all. So I guess the cheques might be just symbolic. They might later discuss everything properly and go with the deal

Originally posted by: bhshre95

I don't know the actual process but in the interview of Aman and Namita, Aman had mentioned that the deal in Shark tank is more like a soft commitment and all the due diligence is done later. If everything is fine the deal goes through. He had also mentioned that in some of the deals he had done the entrepreneurs were lying about their numbers and all. So I guess the cheques might be just symbolic. They might later discuss everything properly and go with the deal

the numbers are pretentious, there's no doubt about that as the some of the equities are way too low in terms of company valuation then one would ask for...cheques might be more for onscreen to showcase that something is happening....my issue is that he didnt mention this as a conditional deal in that episode...later when the gamefitness clothes/bottle(the deal where that overtly hyped Aman-bot CA guy and his partner arrived, that's when he mentioned the deal as conditional basis for his R&D team to evaluate it)...i would assume it as a risk or something, when proper research is still in nascent stage (AI, user interface, etc most likely) ....or perhaps a deal to merge it into his company or something ...lol😆

warna, in the USA version, a lot of deals do get processed irrespective of whether the equity happens to change later or not & the cheques arent provided...have seen scrub daddy (lori and aaron deal which is the most infamous deal of s4) that got processed the next day...