SHRINKIT SHARK TANK PORTABLE
Logan from RokBlok (by Pink Donut) has created an amazing tiny portable Vinyl record player with bluetooth connectivity. This won the Best Deal of the Episode Award. She will retain a 2.5% equity stake in the company. The deal calls for Alan to pay Lori $5/unit sold until she recoups her $500K. Third, this product would be ideal for infomercials….one of Lori’s specialties. Second, people will pay almost anything for pet related products. How did he convince Shark Lori to invest/loan him half a million dollars? First, Alan was the inventor of the self-cleaning litterbox, so he has a track record in the industry. He had only sold $100K of his product in 30 days on Indigogo. His product automatically rolls up dog “pee/poop pads” in such a way that their is very little odor. Well played!Īlan from BrilliantPad did a very good job convincing the Sharks that his company was investable even with very light sales numbers. After it was over, Alfonso admitted he was thrilled to have these two as partners and would have taken their original offer of 30% equity. Alfonso got them down to 25% and accepted the offer. Shark Lori and Mark Cuban were super excited by Alfonso and his products and teamed up to make an offer of $300K for 30% equity. The second was Quinoa which had been sold for a longer period of time and had annual sales of $400K. He had only been selling this product for 3 months (sales of $50K). The first product, Palmini, was a pasta substitute made of hearts of palm. Lori’s offer was accepted and Bethenny had been kicked to the curb.Īlfonso from OA Foods had two product lines. Shark Lori swooped in and aced Bethany by shouting “I’ll take that deal” before Bethenny could respond. Mariella and Anita countered with $350K for 15%. They showed steady growth with annual sales of $150K, $450K, and $750K….something investors love to see.īethenny was interested and made an offer of $350K for 30% equity.
Based on their backgrounds they had credibility and they had sold over $1.3 million of their product.
SHRINKIT SHARK TANK SKIN
Mariella and Anita from Lace Your Face made sheet masks to improve skin quality. In the end, Tom chose Mark, Lori, and Sir Richard and asked if they would invest $360K for 30% equity. I loved Tom’s response….”It depends on which Sharks”. Shark Robert asked Tom how he would like to see an offer if two or three Sharks came in together. Although he has targeted the aircraft industry as his primary market, the Sharks thought there were many other markets he could penetrate. The trays cost $29 to $69 and have a margins of $50%. Tom from Grypmat is a private jet mechanic who has developed silicon trays for tools. Wonderful lived up to his name when six weeks after the episode aired, he delivered a license deal with Hampton Products and handed a check to Robbie for $100,000! Since Robbie had lost his job, invested $87K of his own money, and had three young kids, he might have been feeling the heat. If you’re in financial trouble, this is not a surprising decision. Wonderful could help produce an immediate financial return vs. Robbie confounded the Sharks, but I think he was hoping Mr. had differentiated his offer by saying he would use a licensing strategy and get big companies to license Robbie’s technology. He then shocked the world (or at least me and the Sharks) when he took the offer made by Mr. Four of the Sharks made offers and Robbie took his time making a decision. He broke down several times while pitching his product. Robbie had put $87K of his own money into the business and he was feeling the stress. Even though Robbie had zero sales, he had just had his patent granted and that created value for the Sharks. Robbie from BenjiLock has developed a prototype of an electronic lock that can work with the traditional key or thru fingerprint recognition. I gave this my Best Deal of the episode award. I have a funny feeling this may turn out to be a big hit for Brian, Michael, and Barbara. Despite having no website and no sales, Brian and Michael got a deal from Shark Barbara for $50K for 30% equity. Their reversible blanket/ hooded sweatshirt competes with the popular Snuggy (22 million of them were sold in its first year). Their presentation was amusing and entertaining. First into the tank were brothers Brian and Michael from Comfy.
0 kommentar(er)
