Sunday, May 6, 2012

Shark Tank Season 3, Episode 13

This season of Shark Tank may be winding down, but the good pitches and interesting ideas (interesting to say the least and in whichever tone you wish) are definitely not doing the same. The five sharks, Mark Cuban, Daymond John, Kevin O'Leary, Barbara Corcoran, and Robert Herjavec, oversee four more products that they are given the opportunity to invest in. Some of these ideas were of the totally bizarre, some really looked like they could potentially work, and others just had really poor pitches. The entire package was featured this week.

To start the show, Jim Pittman promoted his product, "AirBedz," which was an inflatable bed that could fit perfectly in the back of a pickup truck, PLUS the inflatable source functions using a rechargeable battery. He was asking for $250,000 in exchange for 15% of the company. While there was no competition in such a field, the product held a ton of potential. Any trucker or tailgater would find good use to this. Jim's problem was that he did an awful job pitching the product. The only shark that shows interest in the product is Barbara. She'd be willing to pay the quarter of a million, but would need 50% of the company. Jim's only willing to give 25% of the company away, so he lets the offer slip through his hands. His potential product comes out falling flat.

The update in this episode comes from earlier in the season, and its "Show No," a product created by Shelly Ehler that comes in the form of poncho-like towel that allows you to change without anyone looking. With Lori Greiner, who invested in the product, Shelly watches her product being released in Disney World. To Shelly, it's an emotional moment.

Scotty Olson is the next one into the tank. The inventor of Roller Blades, Scotty is looking for $3,000,000 in exchange for 20% of the company in his new, monorail like product called Skyride. This product allows you to travel either in a recreational way or in a way to get from point a to point b. Unfortunately, the sharks all agree that it isn't something worth investing in, as it's too much and too complicated. While he unfortunately comes out without an offer, he brings out an exciting product. Next to Mark Sullivan's generator, this seems like the most noticeable product of the season.

Andrew Goodrum and Queenie Davis are the next two into the tank. Their product is called "Boot Illusions," which is a boot that can become a shoe just by unzipping. The two sharks who show interest are Daymond, who is a pioneer in the world of urban fashion, and Barbara, who simply has experience. The original offer is $100,000 for 30%. However, Daymond would be willing to give them $100,000 for 75%, which includes $.25 on every shoe that's sold. Barbara gives them an offer of $100,000 for 55%. While they are given the option to call any entrepreneur Barbara's worked with, Queenie takes Barbara's offer, since it provides them with more control. While Andrew was convinced by Daymond's being behind them, he went along with the notion.

Fleetwood Hicks is the final one to enter the tank. Asking for $500,000 for 33% of his company, he introduces Villy Custom, which is a website that allows you to create your own bike. This includes picking the colors and styles you would like. The two sharks that show interest are Barbara and Mark, who agree to partner up in this deal. They are willing to provide him with the $500,000, but they want 45% of the company. Fleetwood's willing to do 40%. Ultimately, they agree to 42% of the company and a deal is made.

In this episode, we see that Barbara is actually proving to be active this season. She came out with two interesting offers, one of which with Mark, who has been active this season. With two more episodes to go in the season, there are plenty of offers and ideas that remain. It's just going to come down to waiting and seeing each and every opportunity.

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