WHAT IS THE PRODUCT?
(DESCRIBE)
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WHAT ARE THEY ASKING FOR?
($)
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WHAT DO THE SHARKS GET?
(%)
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DID ANYONE WANT IT? WHY/WHY NOT? (WHO/HOW MUCH $/%?)
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WAS A DEAL MADE?
Explain……
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Neil is the CEO of the company "the Mensch on a bench" which is basically are holiday gift for Christmas, for Jewish people.
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Neil is asking 150 k
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for 10% of their company.
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Kevin- doesn't see it as an investment and see it more of a hobby so hes out. Mark says says that you have to big idea but don't have everything you need to get their so he's out.
Robert sees that he needs to maximize sales. and went together worth Lori 150 k for 30%. Barbara makes an offer 150 k for 20%
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Neil accept deal with Lori and Robert of 150 k for 15% with guarantee that they will get their money back by the end of the year
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Nathans company called EveDrop, is an easier way to add to put the Christmas lights.
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he was asking 75 k
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for 20% of their company.
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Mark because Barbara mom was smarter than Nathan hes out. Barbara is out for he is not persuasive enough and the product doesn't sale itself so shes out. Robert is out for he let go of a sale for the company. Lori believes it has a potential down the road but it has a long way to go so she's out.
Kevin because the product is to simple hes out.
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Their wasn't any deal for Nathans company for his product was not that efficient and also doesn't seem that his product will sell and become popular.
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Q flex is a portable massage item that is cheaper than the expensive massage chairs or mechanical items.
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They are asking for 20 k
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for only 20% of their company.
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Kevin because he sees that they can't really commit them self to company hes out. Lori since shes cant see the product successful shes out.Robert since he sees that Lori is an expert in this and she got out so did he. Barbara and Mark joined together and made an offer of 25 k for 25% and will manage the company.
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They made a deal with Robert and Barbara with 25 k for 25% of the company and must be available when needed for their company.
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Trina comes from California and her company called Paws are basically footprints to imitate footprints pf icons holidays for children enjoyment.
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She wants 50 k
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for 10% of her company.
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Robert because their are no sales you don't know if the product will become popular for their is no proof. Kevin made an offer of 5 k for 50%.
Barbara 49% for 100 k and in the future it will be 50, 50.
Lori, mark made no deals.
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Trina was considered a beast she knew how to get things done. Therefore Trina made a deal with Barbara of having 51% of her company for 100 k and later on both will go 50 and 50 as equal partners.
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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.
-The "the Mensch on a bench" is something I don't know if its something I can say much for I don't know much of Jewish religion and if they would actually buy, but I'm glad he got a deal for I have no idea if they would buy, also the man freaks me out a bit. EveDrop product was to simple it wasn't really worth it compared for the price and do it yourself, so it was a product not worth investing.Q flex product does seem durable I believe their product should be tested and proven and then it would be an outstanding product, but it was a good thing they got a deal for a business that's not that successful is starting of good. Now for Trina product I honestly believe that I can do it myself and not need to purchase such product, it will be great for people who can't do it themselves but its not a product that will hit its top boards. So I disagree it was a good idea to invest in even more when their is no sales to prove that it has a popular market.
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