Free Essay

Shark Tank


Submitted By ceracity
Words 665
Pages 3
Conan Chan
1. Who are the sharks? * Barbara Corcoran. She specializes in real estate. Her strengths and skills including having good people skills, enjoying her business, being creative, and taking risks on her investments and decision. * Daymond John. He specializes in fashion. He has a creative vision and understands the importance of fresh perspective. His public confidence is also top notch. * Robert Herjavec. He specializes in technology. He values pure hard work and intuition. He is also a best selling uthoer and has unlimited dreams due to his "rgs to riches" background. * Kevin O'Leary AKA Mr. Wonderful. He specializes in education software. He is a self-proclaimed eco-preneur who makes money, but environmentally friendly investments. He loves to take control and has a take-no-prisoners, cost cutting style. * Mark Cuban. He specializes in Media and Sports. HE has exceptional leadership. He works twice s hard as any other person. He is able to make sacrifices. He has strong dedication, honesty and commitment.
2. Pick 3 of the sharks. For each of the three you choose, report on one deal in which they invested. 1. Barbara Corcoran. The entrepreneurs are Erika Welsh and Keeley Tillotson and their product is Wild Squirrel Nut Butter. They have sold thousands of jars on website for a 14k gross and 7k profit. The original deal offered was 50k for 10% stake. The final deal was 50k for 40%. After Shark Tank, the women moved their business to Tualatin Oregon and Tillotson's father Bruce took the CEO position. The company growth furthers as there are currently talks with a distributor that will allow the peanut butter to sell in over 200 stores along the West Coast in the next six months. 2. Mark Cuban. The entrepreneur is Steve Gadlin and his product is I Want to Draw a Cat for You. Before the sharks, Steve had sold over 1200 cat pictures in three years with a $9.32 profit from a $9.95 drawing. The original deal was 10k for 25% stake. The final deal was 25k for 33%, but Mark also had to do one cat drawing for every thousand or so. As of today, Steve has sold over 3k drawings after the show and he now has a team of employees to help keep up with the demand of drawings. Steve is able to launch other features, such as "I Want to Write a Song For You." He enjoys what he's doing for a living now. 3. Daymond John and Mark Cuban. The entrepreneur is Billy Blanks Jr. and his product is "Dance With Me." Before the sharks, Billy Blanks Jr. has had success in sharing his product to a wide variety of people and worked his way up from being homeless. The original offer was 100k for 20%. The final offer was a split offer of 100k between Cuban and John for 50% and contingent on deal with Zumba. Today, "Dance With Me" is the fastest growing fitness based dance program in America. In one year's time, it has expanded to a vast variety of locations, such as New York, Japan, and Taiwan. In the 2012 of Spring, it will spread across the US to places like Boston, Kingston, and Las Vegas.
3. What questions do the sharks ask the entrepreneurs most often? Is there a common theme to their questions? They ask a lot about the numbers and statistics. They want to know how successful the businesses currently are through sales and how the future would turn out. They also want to find out who else is in the deal, so they can ensure they get the most out of their investment. Most questions are extremely direct and test how prepared the entrepreneurs are. They always extract as much information about the entrepreneur's company before making offers on it. This is because it is their own money at stake, even if they have the leisure of tossing a large amount away.

Similar Documents

Premium Essay

Shark Tank Discussion

...SHARK TANK WOULD YOU INVEST INTO THE COMPANY?? GO TO WWW.YOUTUBE.COM THEN TYPE IN “SHARK TANK” WATCH ANY EPISODE THEN JOIN IN WITH YOUR BRIEF SUMMARY AS TO WHAT YOU WATCHED AND YOUR THOUGHTS. TRY GOING TO SOME OF THE EPISODES YOUR CLASSMATES WERE ON THEN COME BACK TO THE DISCUSSION AND POST YOUR COMMENTS. I picked the episode on Daisy Cakes. Kim Nelson from Spartanburg, South Carolina made her appearance on Shark Tank asking for $50,000 for 25% equity of her company. Daisy cakes features old family recipes (from her grandmother and great aunt Daisy) of homemade cakes made from scratch with no preservatives, made by Kim and her mother in their commercial kitchen, packaged in a cake tin, dry ice packed and shipped nationwide. Daisy cakes are made with hand sifted flour, farm fresh eggs and every cake is hand iced with homemade icing. The Nelson family has invested $93,000 to date with a $27,000 return in a 3 month window October through December of the previous year after attending only 3 trade shows. Each cake costs approximately $18 to make, while charging an average of $44.50 per cake plus delivery expenses. Kim hands out samples of her cakes to each of the 5 “sharks” all rave and state that it is the best cake they have ever tasted. All of the male “sharks” drop out stating that the business was to small to invest in. The remaining “shark” Barbra Corcoran offers Kim the $50,000 under two conditions: 1 For each cake...

Words: 633 - Pages: 3

Free Essay

Shark Tank Case Study

...Nicholas Richards 23/09/2015 Prin. of Man. Shark Tank paper BuggyBeds When viewing videos for this paper I saw some pretty great and just some not so great products. But one stood out to me from all the others. During the show for this product, two women presents the Sharks with a product called BuggyBeds. This product was presented as an early detector for bed bugs around the house. These monitors attract bed bugs to the trap and keep them trapped using a special formulated glue. As stated by both women pitching their product, the glue is not poisonous and is not harmful to people, which is a must if little kids are around. The monitors themselves are very small and easy to use. All one has to do is unpack the monitor and then place it around the area/furniture one thinks might contain bed bugs, preferable under the desired object. I found it interesting while watching this bit show when one of the women informed the Sharks that there really is not a lot of early detection systems for bed bugs. For them to produce a two-pack it just costs about ~ $1.60 – 1.75, and then they may market the product for about $6.99. I choose this product that will sell/win because of just how big a problem bed bugs are for a huge number of people and organizations. One fact stated by the women pitching this product is that a female bed bug can produce upwards to 500 more bed bugs. That is frightening, without anyway to deal with bed bugs they would just keep appearing. To me, I feel like...

Words: 437 - Pages: 2

Premium Essay

Shark Tank Analysis

...FSS4106 Professor Joel Feigenheimer Shark Tank Response Shark tank is a show I like a lot and I started watching it when it first came out years ago. It’s cool that people who come up with good business ideas can have an opportunity to present it to big time entrepreneurs (sharks) who have already made it and are now looking to invest their money on the next big thing. However, just having a good idea isn’t enough to convince a shark to invest their money; the show teaches you a lot about what investors look for in the people and products they invest in and the sorts of questions they frequently ask. The sharks look for clues that show the people have what it takes to run a successful business. The first step is when an individual comes in, states how much of an investment they’re looking for and then go ahead and present the product and concept. By the time the presentation is done, the product and its function should be totally clear, and depending on what the product is, they bring samples with them for the sharks to see. This leads to the second step, which is a question and answer session about the numbers and the business side of things. How long has the business been around? What are the sales numbers and profit margins from the past year? This is probably the most important part of the pitch because if the sales numbers are really impressive, sharks who might not have been too interested after part one all of a sudden want to hear more about the product. This...

Words: 1027 - Pages: 5

Premium Essay

Shark Tank Paper

...Shark Tank is an American reality show produced by Mark Burnett. The show is about aspiring entrepreneurs bringing their business plan up in front of a panel of potential investors to see if they can sell their product to them and get the total investment amount needed. Today the first entrepreneur was Sarah Schulz the founder of Schulzies bread pudding. She was seeking an investment of $160,000 for a twenty percent equity stake in Shulzies. All the investors were able to try a variety of bread pudding which turned out to be a delicious surprise. The only thing lacking in Sarah's business was a stable yet sturdy business plan. The investors definitely wanted to help her, but the risk was far too high. As we all know, to have a successful business you have to have a successful business plan or you will crumble. The second entrepreneur was James Ambler who is the owner of Paparazzi Proposals. They go around capturing the perfect moment of a marriage proposal. He was seeking a $250,000 investment for twenty percent equity in his company. He explained to the panel that he wants to expand his business to cities other than just New York. The investors gave him helpful advice on how to go about the expansion and all recommended to first saturate his current market, New York City, and then go on to other destinations. Three of the “sharks” simply told him they don't see the need for that amount of money because the company isn't worth that much. Laurie was very interested...

Words: 899 - Pages: 4

Free Essay

Rags to Riches

...“ Rags to Riches” Taylor Buffington 5665 BADM 304, Spring 2014 Just like many people, we all dream of making it big and creating a name for ourselves in the world. In Daymond John’s case he did just that, along with perserverance and determination. Daymond turned his fast money scheme into a million dollar brand , which further more opened the door and led him into many more million dollar deals later in life. He was born on February 23, 1969, and grew up in ‘Hollis’ Queens, New York. Along with his seven brothers and sisters, Daymond was raised by his single mother. In his teens, he attended Bayside High School and during that time he participated in a co-op program. This allowed him to go to school on a alternating weekly basis and maintain a full time job at Red Lobster. Daymond’s first step into the entreprenueral field came from his want of a ‘tie-top’ hat that was a big fashion trend in his later teen years. Because they were such a high demand, tie-top hats were also pricey. Having learned and gain the ability to sew from his mother, Daymond began making personal ‘tie-top’ hats for his friends and himself. He saw this as an opportunity to make decent money and with the help of his neighbor, Carl Brown, they sewed around 100 hats and sold them for $10 in front of New York Coliseum. From one day’s profit, they together made $800 and realized it would be something worth continuing. He began by recruiting childhood friends, J. Alexander Martin and Keith Perrin, and...

Words: 801 - Pages: 4

Premium Essay

Shark Tank Speech

...Hello, my name is Eugenio Mendoza and the name of my company is MistoBox. I am here seeking 75,000 for a 15% equity stake in my company. Interest in exotic coffee has spiked in the last few years with small artisan coffee shops and companies like Starbucks showing great success. MistoBox was created solve a couple of problems with the current environment. We are a subscription based coffee company that sends you 4 unique coffee blend samples right to your door for a fee of 12.50 per month. These blends come from various small coffee roasters around the country that want to get their brand out in the open. Now coffee drinkers are able to test the countless number of coffee blends that are out there without spending hours of their time researching. Also, the cost of this coffee is significantly less than what the big brands like Starbucks charge. With our products you can now wake up to a great cup of artisan coffee to get your day started off right. As for financials and your investment. In the last year we have grossed 100,000 in sales. With your investment and knowledge we plan to expand our networks and at least increase our sales 500%. From our pricing of 12.50 a month we earn a profit margin of 30-40%. We know that once our monthly subscribers find a blend they like, they will want to cut out the monthly plan. Which is why our customers are able to order full packs of the blends they enjoy straight from our website. Just in the last 3 weeks before coming here to you...

Words: 312 - Pages: 2

Premium Essay

Happy Birthday, 1951

...decides to take the boy to a green and living place outside the devastated city. In addition, the man creates a cart for the boy, which the boy rather sees as a tank. On their way to the place, the boy spots an old, rusty tank, which fascinates the boy. The man becomes more and more irritated by the boy’s admiration of things connected to war, which culminates in the man becoming angry with the boy. When the elderly man wakes up after a nap, the boy is gone. The man finds him saying ”Gotcha!” while seated in the tank’s turret pointing towards him. 2: Characterization The young boy was born in the latter half of the Second World War. We can extract this piece of information because of the short story’s title (1951), and because the boy has not gotten any birthday presents in the first six years of his life, which means that the boy turns 7 years in the short story. The boy’s nationality, name and birthdate are also unknown. The boy’s mother was a refugee, who probably delivered her baby to the old man because she feared for her life. The young boy has lived his whole life in a cellar in a shattered city. Therefore he cannot remember much if anything nothing from the war. This is why he does not have the same view on soldiers and tanks as the old man, who takes care of him. The boy admires the soldiers and the tanks, like many male children do at that age, and he has examined them closely, ””Black and red is the engineers,” interrupted the boy seriously...” (p. 3, ll 88-90)...

Words: 916 - Pages: 4

Premium Essay


... | |2 |Alex La Guma, Time of the Butcherbird. (a) When the government trucks had gone, the dust they had left behind hung over the plain and smudged | |3 |the blistering afternoon sun so that it appeared as a daub of white-hot metal through the moving haze. (b) The dust hung in the sky for some | |4 |time before settling down on the white plain. (c) The plain was flat and featureless except for two roads bull-dozed from the ground, | |5 |bisecting each other to lie like scars of a branded cross on the pocked and powdered skin of the earth. (d) In the distance a new water tank | |6 |on metal stilts jutted like an iron glove clenched against the empty sky. (e) The dust settled slowly on the metal of the tank and on the | |7 |surface of the brackish water it contained, laboriously pumped up from below the sand; on the rough cubist mounds of folded and piled tents | |8 |dumped there by officialdom; on the sullen faces of the people who had been unloaded like the odds and ends of furniture they had been allowed| |9 |to bring with them, powdering them grey and settling in the perspiring lines around mouths and in the eye sockets, settling on the unkempt and| | |travel-creased clothes, so that they had the look of scarecrows left behind, abandoned in this place. (f) This was no land for ploughing and | | |sowing; it was not even good enough to be...

Words: 1485 - Pages: 6

Premium Essay

Lab 1

...patterns do you observe based on the information in Table 4? The greater amount of Dissolved Oxygen (ppm), the greater number of fish observed. 2. Develop a hypothesis relating to the amount of dissolved oxygen measured in the water sample and the number of fish observed in the body of water. When there is more Dissolved Oxygen (ppm) in the water, the number of fish observed increases. 3. What would your experimental approach be to test this hypothesis? My experimental approach would be to replicate at least 5 “ponds” using aquatic tanks. Each tank would contain a thermometer to track the temperature and ensure all tanks maintain the same temperature. Each tank would also contain the same amount of fish to begin with (per say, 50 minnows). I would then have each tank contain a different amount of Dissolved Oxygen to test the hypothesis. I would track daily the amount of fish that remain in the tank, removing dead fish as they pass. Once each tank reaches a steady number of fish for three consecutive days, I will conclude the experiment documenting the amount of living fish that remain. This would become my data for the experiment. 4. What would be the independent and dependent variables? The independent variable (what changes) would be the amount of Dissolved Oxygen (ppm). The dependent variable (the effect of the independent variable) is the amount of fish observed. 5. What would be your control? The most important control in this experiment would be temperature. To...

Words: 382 - Pages: 2

Premium Essay

George Patton

...ancestors had shared with him during his childhood. Patton went on to graduate from the United States Military Academy at West Point and commissioned as a Second Lieutenant in the 15th Cavalry Regiment on June 11, 1909. He married Beatrice Ayer on May 26, 1910. A few short years later Patton would represent America in the Olympics in the first Modern Pentathlon where he finished fifth overall. With a passion for fencing, Patton would continue to study French Sword drills and would later be appointed as an instructor of swordsmanship while attending the Mounted Service School as a student. Patton’s determination to excel would not go unnoticed and he would continue to progress in rank. He also was appointed as the first member of the United States Tank Corpse. Patton took command of the...

Words: 2392 - Pages: 10

Premium Essay

The Somme

...and that everything was fine from living conditions to casualties. For the first time the people of Britain are witnessing the true extent of war. The camera men would take pictures of the aid posts as well as the trenches which for families and new enlists was a terrible sight and worried the nation. The photographers were wary at the time that maybe it could cause a big scene back in Britain. The generals said that the push towards the line led to so many disappointments but yet no one stopped the tactics. There was said to be the first use of tanks on the Somme which was a turning point tin the tactics and the push became easier and was the success and edge needed for no mans land. Letters and diaries from the soldiers showed the boost in moral with the tanks and how Germans were terrified of these machines of the fields and that soldiers had stepped up there fighting and German soldiers lost moral. The book also mentions the tanks were brilliant for getting across barbed wire and shell holes in the field and the protection it gave soldiers, tracks built for the worst terrain. Robin prior and Trevor Wilson the first world war page 132-140 The map shows me the scale of the battle of the some with where planes would come across and bomb parts of no mans land showing both...

Words: 863 - Pages: 4

Free Essay

Case of Gm (Non-Market Environment)

...root cause is that the GM company has a unreasonable design of their gas tank on the collisions GM C/K pickups, the report shows that this pickups’ gas tank was too close with the bumper, it only 25 centimeters long. This is dangerous because that will cause explosions if there is any strike. A safety design should be place the gas tank on the top of axle or add on a shield between the gas tank and bumper. Further, the report also shows that the gas tank design was used for trucks manufactured between 1979 and 1987, and the fact is GM knows about their design problem but take no measure to fix or recall their cars because that will cause more cost. At the Moseley case happens, there are at least 130 other lawsuits involving the design of the gas tank GM need to faced. So the major issue of this case in this point is that whether the gas tank design and placement were defective and because that explosion case after their pickup was struck on the side by another vehicle. And those assumptions were proved by the GM engineer who is testified that GM company hidden the knowledge of this dangerous safety defect, but GM try to block his testimony because they had known for years and refused correct it for fear of alerting the public. Moreover, the provided videotapes of GM’s own crash tests between 1981 and 1983 showed that it’s truly dangerous when the pickup was stuck on the side by another vehicle its gas tank broke open. b. Interest Car buyers, Medias and the other car manufactory...

Words: 1582 - Pages: 7

Free Essay

"Happy Birthday, 1951" by Kurt Vonnegut

... 1951” “Happy Birthday, 1951”, is a short story written by Kurt Vonnegut, 2008, which begins in media res. The story is about a young boy and an old man, who is not the father of the boy. The boy was given to him as a baby, by a refugee woman. They have lived in the ruins, for 7 years, after a war and have survived by collecting things they could find or steal. One day soldiers find them and order some documents filled out. For this he needs the boy’s unknown birthdate. The boy selects a day, and becomes entitled to have a birthday and presents. The man makes a present, a cart, for the boy, but also gives him a day away from the war. The boy likes his cart, which he calls a tank. The day away from the war becomes a day to a place the boy never has been before. At the trip he sees some soldiers and a tank witch the man does not like. 2. Characterize the boy and the old man There is not mentioned much about the two characters, we do not know their age, nationality, names or birthdays. What we know is they live by themselves, poor, in the ruins after a war. “… the old man and the boy had lived in the ruins for seven years without documents …” (l. 10-11). They survive on things they steal or dig out of the cellars of the ruins. “But the old man and the boy had found all three for the digging in the catacombs of cellars beneath the shattered city, for the filching at night.” (l. 12-14). The boy is around 7 years old, no real parents, as he was given to the old man by...

Words: 1293 - Pages: 6

Free Essay

Role of a Leader

...The Role Of A Team Leader In The Public Services Roles Of A Leader There are many different roles and responsibilities that a leader must have or have as many as they can. They don’t have to have them all because while being a leader they will be able to improve their skills and knowledge and will be able to gain more of the roles. These main roles are; * Enabler – They need to be an enabler to make sure the job has been/getting done. * Planner – Without planning what the team are going to do then it will be ciaos and no one will have an idea of what to do so under planner you will have to be organised because If you don’t have good organisation skills then the team will be everywhere and the job is less likely to get done. * Counsellor – When being a team leader there may be times when the members are having a bad time and this is when the leader steps in and speaks to them and tries making them have a positive attitude towards work again. * Coach – You need to be able to coach the team in the job they are given, giving them clear instructions and supporting them with their strengths and weaknesses. * Disciplinarian – You need to be able to give out discipline but not just appoint it at certain individuals you need to make it fair. * Team Builder – Being a leader you need to ensure that the team are bonding together and build each of the members’ skills. * Communicator – If you are a leader you need to make you communicate with everyone...

Words: 1017 - Pages: 5

Free Essay

General Patton

...December 21, 1945) was a United States Army general, best known for his flamboyant character and his command of the Seventh United States Army, and later the Third United States Army, in the European Theater of World War II. Born in 1885 to a privileged family with an extensive military background, Patton attended the Virginia Military Institute, and later the U.S. Military Academy at West Point. He participated in the 1912 Olympic Modern Pentathlon, and was instrumental in designing the M1913 "Patton Saber". Patton first saw combat during the Pancho Villa Expedition in 1916, taking part in America's first military action using motor vehicles. He later joined the newly formed United States Tank Corps of the American Expeditionary Forces and saw action in World War I, first commanding the U.S. tank school in France before being wounded near the end of the war. In the interwar period, Patton remained a central figure in the development of armored warfare doctrine in the U.S. Army, serving in numerous staff positions throughout the country. Rising through the ranks, he commanded the U.S. 2nd Armored Division at the time of the U.S. entry into World War II. Patton led U.S. troops into the Mediterranean theater with an invasion of Casablanca during Operation Torch in 1942, where he later established himself as an effective commander through his rapid rehabilitation of the demoralized U.S. II Corps. He commanded the Seventh Army during the Invasion of Sicily, where he was the first allied...

Words: 12444 - Pages: 50