- On the season finale, a college sophomore wants to make her own American dream come true with her reusable storage box. A couple hope to cook up a deal with their reinvented cookware, two exuberant moms create an iPad app that measures foot sizes, and two men from Aurora, IL design a simple solution to tying up a water balloon. In a first of its kind follow-up, many of the amazing success stories from "Shark Tank" are highlighted, with the entrepreneurs discussing their experiences and how their businesses have grown since coming to the Tank.
- In the latest episode of the show, several entrepreneurs presented their business ideas to the panel of investors: Mark, Barbara, Kevin, Lori, and Robert.
The first pitch was for "Baker's Edge," a company that offered innovative baking pans and accessories. The founders, Matt and Emily Griffin, sought a $400,000 investment for a 20% stake in their business. They had a patent on their unique edged baking pan device and had generated $256,000 in sales the previous year. However, their sales had declined from a peak of $1.7 million three years ago when they received exposure on Oprah's show. The couple wanted to expand their product line to improve sales, but Mark was upset that they had waited three years to come up with the new ideas. Consequently, Mark decided to withdraw his support. Robert also opted out because he felt the couple was not concerned enough about sales. Kevin was uninterested due to the lack of a groundbreaking new idea. Although Lori was supportive, she ultimately declined to invest since she didn't find the new product as unique as their past success. Barbara advised the couple to abandon their new product idea, leading her to withdraw from the opportunity as well.
The second pitch was for "Foot Fairy," an iPad app that measured children's foot sizes. The founders, Sylvie Shapiro and Nicole Brooks, were seeking a $75,000 investment for a 15% stake in their business. The app itself was free, but the founders received an 8-18% commission from every shoe sold by their affiliate, Zappers, through their website. They had achieved 13,000 downloads but hadn't generated any commissions yet because Zappers hadn't advertised them on their website. Kevin opted out, citing the lack of proprietary aspects in the business. Lori and Robert followed suit, as the venture had not yet developed into a full-fledged business. Barbara also declined to invest since the business was still in its early stages. However, Mark saw potential and offered $100,000 for a 40% stake, contingent upon the accuracy claims, competition claims, and ownership of the software. Sylvie and Nicole accepted his offer.
The third pitch was for "Tie-Not," a device for filling and tying water balloons. The founders, Wayne Sikorcin and Scott Smith, were seeking a $125,000 investment for a 10% stake in their business. They had a patented product that sold for $5 and cost $1.50 to produce. They achieved sales of $385,000 the previous year, thanks to a licensing deal with a toy firm. The toy company paid a 6% commission and increased the price to $5. The licensing agreement renewed every year with a 90-day cancellation clause. Mark opted out since Kevin had expertise in the toy industry. Robert withdrew due to a disagreement over the valuation. Lori believed it wasn't a suitable product for QVC. Kevin also declined, as he valued the business at $200,000 based on the current profits. Barbara offered $125,000 for a 25% stake, with $50,000 in cash and $75,000 in a line of credit. The founders countered with $150,000 for an 18% stake, with $50,000 in cash and $100,000 in a line of credit. Barbara remained firm in her offer, but the founders rejected it.
The fourth and final pitch was for "BZbox," a company that produced collapsible storage boxes. The founder, Kaeya Majmundar, was seeking a $50,000 investment for a 20% stake in her business. Her boxes cost $1.75 to produce, while traditional boxes cost under $1. She had won a college competition with her innovative design, and a meeting with Lowe's had expressed interest, but they required a price point under a dollar. To achieve that, Kaeya needed to manufacture 400,000 units to bring the cost down to 56 cents per box. Robert didn't see the problem and opted out. Mark declined because Kaeya seemed to focus on problems rather than solutions. Barbara withdrew since Kaeya didn't seem receptive to advice. Kevin, however, believed he could reduce the costs and offered $50,000 for a 50% stake. Kaeya then aggressively sought Lori's support, which offended Kevin and led him to withdraw his offer. Lori made a final offer of $50,000 for a 40% stake, contingent upon reducing the production cost to 56 cents per box.
Lastly, an update was provided on various businesses from Season 5. These included RuckPack, Cordaroys, Cousins Maine Lobsters, Gameface, The Mission Belt, Simple Sugars, Fibrefix, Nuts and More, Ava the Elephant, Groove Book, and Wicked Cupcakes.
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