Friday, April 24, 2015

Shark Tank -Season 6 Episode 7

Shark Tank Episodes

WHAT IS THE PRODUCT?
(DESCRIBE)
WHAT ARE THEY ASKING FOR? ($)
WHAT DO THE SHARKS GET? (%)
DID ANYONE WANT IT?  WHY/WHY NOT? (WHO/HOW MUCH $/%?)
WAS A DEAL MADE?
Explain……
 Patrick brand Titin is a enovated way to get more of ones work out.

 Patrick asked  250k
 for 5%
Mark got out for he doesn't see one efficient test tested. Robert got out for he doesn't feel comfortable to this investment. Lori f=got out for she doesn't want to partner someone she doesn't trust. Kevin made an offer of 5 k for 15%. Daymond doesn't know to trust them but made an offer of 5 k for 20%.
Patrick made a deal with Daymond for 5 k for 20% for it seemed reasonable to Patrick.
Erick created and organic beard product for all beards called Beardbrand.
Erick offered 10k
 for 15%
 Daymond was interested at first but after summoning things out its too much of a risk by the time period he gets paid back. Mark got out for Beardbrand seems to not get enough sales. Robert got out for he wasn't interested. Lori is out for she not sure what kind of market will fall iin. Kevin is out for he doesn't see he will be payed back any time soon.
 Erick did't get  deal for they saw the money they lend will not be payed after many many years that caused them to all to drop out.
 Erick and John created a fun and evolutionary way to sing karaoke called Singtrix.
 Erick and John offered 1.5 million
 for 5%
 Mark doesn't see himself as an investor but a customer so he's out. Daymond offers 1.5 million for 25% finance but they wont need to handle the capital. Robert offers 1.5 million for 20%.  Kevin makes an offer of 1.5 for 15% and once all money is paid back he lowers the percent for 10%. Lori makes an offer of 1.5 for 30% and once payback she lowers her equity down to 15%.
 Erick and John tried to make a counter offer by only raising 5% by 2% offended in the end all sharks are out.
Thalia created and efficient way for kids to buckle their own pant with belts called Myselfbelts.

 Thalia offered 60 k
 for 10%
Kevin sees that the market is saying that the product is not working therefore is out. Mark see's its a good product but doesn't see the owner such a killer; out. Robert says he sees that she takes risk or charge so he's out. Lori is out even though its a good product she sees' no self confidence.
Daymond makes a deal of 75 k for 25% even though Thalia tries to counter he refuses and in the end Thalia accepts the offer.

Add in your opinion of each product: 1) Whether you like it or not, 2) Whether you agree with the outcome and why/why not.
Tintin- as a customer I feel its a ripe off if the product its basically the same as ankle weights, but if they do show a good proof (testing) I would like to see the benefits. So I agree with the offer but its somewhat risky.
Beardbrand- I'm not that big fan of very long beards which would cause me to support Lori decision and the rest, for he still needs to work harder to bring in more sales in the merchandise.
Singtrix seems to be a very interesting product that I am willing to try but not purchase, and I also believe that they weren't so popular to estimate their company worth that high for that low of percentage it felt like a ripe off to the sharks.
The Myselfbelts its quite a genius invention of course needs more improvement in sizes but I'm glad she got a deal for this product can become a huge hit. Just that to me Thalia needs more of a motivational speaking for she seemed to wimpy, no fighting skills.

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