Shark Tank Season 1 – Episode 5
In this episode Cactus Jack, who has a fitness machine business called Body Jac was the first to swim the shark tank.
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Push up is still one of the best ways to build upper body strength. The problem with push-ups is if you don’t already have upper body strength they are very hard to do and you inevitably do them incorrectly. For many people, the end result of every difficult tasks and poor performance is to give up. The Body Jac allows you to build up that needed strength in and incremental and satisfying way. |
Kevin O. is the first to say No because it's too risky, Robert followed. Kevin H. started to offer $90k for 50% stake. Barbara joined with Kevin H. and invest the other $90K provided that Jack lose 30lbs. of his weight using the product. After all, it's a body building product he is promoting. Daymond also offered $180K for 50% of the whole company including all the other products he has. He got interested after hearing that Jack already earned $7 million with his other product. Jack accepted Kevin H. and Barbara's offer.
Irina Block with her company Face Blok was the second entrepreneur to face the tycoons. Irina makes fashionable surgical masks with fun prints. She's looking for 50K for 30% of her business,which will be used to make the masks sterile and surgical clean. The sharks find it freaky and said No.
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Third to enter the tank was Jeff Cohen, presents his Granola Gourmet business who sells energy bars, a diabetic safe snack. He's looking for $175k for 25% stake to expand the business because he is already getting orders. The sharks said no after discovering the bankrupt issue with his software company.
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Rikki Farrar was next to convince the sharks that her Good Grief Celebrations business is worth investing. Rikki was inspired by her mother's death and came up with a funeral service to celebrate life instead of the traditional funeral. Sounds a bit creepy to me, I'm not surprised the sharks didn't want to invest. |
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The brothers Rodolfo and Alexis Saccoman was the last to stand infront of the sharks, they were asking for $80K for 20% ownership of MyTherapyJounal.com an internet based journal where people can write their daily feelings, thoughts, dreams, hopes, and struggles to help them deal with depression. They stated that last year they only made $4k with 1,120 subscribers but only 120 are paying customers, at this point, noone seems to be interested but when they mentioned that they are having talks with Aetna, a major insurance company, Robert and Kevin O'Leary offered the $80K for a 51% stake. The brothers countered for 49%, Daymond wanted to join Robert and kevin O but they didn't agree because Daymond has no knowledge in internet business. so Daymond decided to offer 120K for 50% but the brothers chose Robert and Kevin O because of their knowledge and experience in internet business.
