Shark Tank Episodes
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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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Max is the creator and founder of Lumio which is basically a book light.
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Max asked 250k
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for 8 percent of the company.
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Robert made a deal for 250k for 10 % and countered attacked 350k for 10%. Kevin made a deal of 250k and 4% and 7dlrs a unit until it doubles. Mike offered 500k for 16% to help max capital grow. Lori made an offer 250k for 12% and 250 credit. Daymond offered 750k for 20% and 10 for credit.
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Max decided and made a deal with Robert who did not want to take much of max company and wanted to follow the plan max had in mind.
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Neil is the co founder with Justin who both developed a sleeping mask called Napwell.
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Neil offered 10k
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10%
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Mike got out for he doesn't believe that they came looking for a deal with a shark. Kevin and Robert is out for that kind of area is too risky and challenging. Lori is out for she believes the true trouble is sleeping not waking up. Daymond is out for believe they are wanting to grow too early.
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Neil and Justin didn't get a deal for the sharks believed that they don't have enough sales to proof anything of people truly wanting the product.
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Christine was in the air force lieutenant, after she left army she would often hike with her dogs and got an idea to create a meal bar for dogs called Turbpup.
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Christine offered 100 k
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for 20%
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Mike got out for he doesn't have the time or energy to be with her business. Robert and Kevin got out for their isn't enough sales. Lori .got out for she believes the company still needs to grow. Daymond made a offer of 100 k for 40%.
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Christine countered back for deal of 100 k fir 35% with Daymond. Helping her to expand more in different areas such as outdoor stores.
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Joe was a guy who worked for astro black and now created bello Verde which are custom suits.
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Joe offered 360 k
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for 6%
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Kevin got out for Joe's is pricing his company too high. Lori got out for she does't believe she should invest in a man clothing. Robert got out for Joe wanted to brand two companies. Mike got out for he doesn't believe he will receive much, too risky. Daymond made an offer of 360 k to 33%.
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Joe had an offer by Daymond of 360 for 33% and then 25%, but Joe valued his company much more and didn't want to higher than 8%. So in the end Joe lefty empty handed.
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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 Lumio was a great idea if he add pattern in them for kids it will be more successful. Christine Turbpup was a great idea the people need dog food to go. While the Napwell and Bello Verde didn't seem that were prepared and was really looking for a shark. If I had the money I probably would buy the mini size book from Lumio. But in the end I do agree with the outcome of this episode.
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