ABC’s shark tank was streamed live Friday night for its Season 14 premiere, culminating in an offer like no other.
Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John and Kevin O’Leary joined the studio audience for the first time when they were presented with unedited and unfiltered pitches from promising entrepreneurs. Home viewers were asked to consider whether the shark should take the plunge. (The series will return to its normal pre-recorded format next week.)
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So how many deals were done in real time? What did Cuban offer the third and final entrepreneur of the night? Read more…
Pitch number 1: Compostable underwear | | Jeff and Stacey Grace enter the tank for $200,000 in exchange for 5% of the company. Kent is the world’s first compostable underwear manufacturer. (When their time is up, they can literally plant their pants!) They’re on pace to make $500,000 this year, but they value the company at $4 million. Nor is it in their favor. A pair of eco-friendly skibies run between $20 and $24, more than the average American can afford.
Mark taps out, followed by Daymond. Barbara presented them with her $200,000 offer at 20% of hers, which caused their valuation to drop significantly. Robert then reaches out to the studio audience to see how often the average American buys new underwear. ABC then opens a poll for viewers at home to participate during the commercial break. After seeing the results, Robert makes the couple an offer of his $200,000 at 15% of his. When Lori matches the offer, Daymond joins in again — the same offer! Jeff and Stacy came in hoping to team up with Daymond, so they accepted his deal.
Pitch Number 2: Baby Booger Picker | | Sina Farzin and Nina Farzin tank 5% of the company for $400,000. Oogiebear is a line of products that help kids (and parents too!) breathe easier. His valuation is $8 million, but he has the sales to back it up. Since 2015, they’ve made him over $15 million. This year alone, the company expects to reach $5.4 million in sales and $1 million in profits.
Kevin cuts off Nina to make a deal. Believe it or not, there is no Nose his picker in his portfolio. So he offers them his $400,000…his 10% of the company. Lori jumps in as Daymond taps out. But before she can make an offer, she takes a second audience poll. This result apparently had no material impact on Lori’s decision. $400,000 — and if she doesn’t hit $400 million in sales in two years, she’ll give them back half of the stock. increase. handle!
Pitch number 3: Collapsible pizza container| | Tate Koenig, who appeared in season 12 and left the Cheese Chopper without a deal, returns with the Pizza Puck, a collapsible pizza storage container that can store a single slice or an entire pie. Slices separate during storage, but can also be used as microwave-safe pizza plates. You can also reheat the entire pie in the container at once. He makes them for his $4 a pack and sells them for $24.99. In just five months, his sales took him over $250,000. He wants his $100,000 for his 10% of the company.
Mark is not interested in any part of the company. He wants the whole damn pie. As they headed for the final commercial break, he told Tate to think about how much it would cost to buy out his company outright. He asks for $5 million, but he tells Tate to hear from the other sharks and keep thinking. He entered the tank determined to do so. Not only did he accept Mark’s offer, Kevin (he offers $100,000 at 10 percent, but a $1 royalty until he gets his $100,000 back). At this point, the royalties are permanently reduced to 50 cents) and refuses the offer from Daymond (who offers him). 20% for $100,000) and agree to Lori’s offer: 13% for $100,000.
what did you think shark tankLive season 14 premiere of Do you want to see another upcoming live episode of the series or was one live episode enough?
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