Kevin O'Leary
👤 SpeakerAppearances Over Time
Podcast Appearances
And it's all kinds of crazy stuff.
I mean, think about, you know, pet DNA tests.
stuff that you would think would never work makes hundreds of millions of dollars.
part of the intrigue i mean the first million's easy uh because you do it yourself but getting like when you hit five million you gotta start hiring people you have to find out if you're a manager a lot of people shit the bed when that happens they blow up um but if you can get to five you can get to 50. if you get to 50 million in sales you get to 500 million we've had that happen lots and lots of times because basically you've proven that you know the product works and people want it now you have to scale it that's a different
skill set often, and you have to find other people that can help you do it.
But it generally takes three to five years to prove out a company, but it happens quickly.
When it's a hit, it's a hit.
I think what happens is to the big ones is they find some pain point that they look around them and everybody has that pain point.
Now, I mentioned it earlier, but I'll give you an example.
Most cats die at around 12 to 13 years.
I'm not a cat guy, but I'm giving you data I know because I invested in this company called Base Paws.
However, cats in ancient Egypt, chocolate point Siamese, lasted past 30 years.
How'd they do that?
Because the ancient Egyptians knew what to feed them.
And so they'd give them food that they would not abscess their teeth.
So we give them shit food and they die really quickly.
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.