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One thing i learned watching dragons' den or shark tank is that a significant amount of people are delusional and stubborn and think their product will become the next tom's or spanx. This guy is even worse as at least the people on the show invested their own money. This guy is trying to use other people's money and not take any risk.
PS Associating a cheap shoe with an Asian name will never sell in north america due to the perception of made in china quality.
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