Kevin O'Leary
👤 SpeakerAppearances Over Time
Podcast Appearances
So if you get a cat DNA test and you find out which of the three genres of cats it comes from, because there's only three big pools,
you can actually feed the right food to a young cat and have it last half of your life or maybe 40 of your life and so this thing called base pause where you stick a q-tip where the sun doesn't shine in a cat and send it in and get this analysis 29 so when she came on the set of shark tank i said excuse me i can buy a new cat for five bucks why would i spend 29.
on a test like this.
And 110 million cat owners shit on me.
But I eventually figured out I wanted to do that deal and I did.
And we made a lot of money, a ton.
It was bought by a giant pharmaceutical company later for the data.
Right?
Well, it's true.
Executional skills are next to impossible to find.
And so, you know, you're right.
Big is 50 million.
And after that, you need executional skills.
And most people that founded the company don't have them.
and they go to zero because of it.
They buy too much inventory or they don't manage their systems and whatever it is, I see it happen all the time.
That's why I make a lot of changes at around the 50 million rate.
And I say, okay, listen, I'm going to help you out.
You're going to go off the board.
I'm going to whack you now, which is a good thing.