Shark Tank Season 1 – Episode 7

Posted by Shark Tank TV Show in Episode Recaps on Sep 29th, 2009 | no responses

This week's episode of Shark Tank is one of the most exciting episode of the season as the sharks battled to win partnership with the charming entrepreneur's grilling accessory business and the dough maker.

Leslie Haywood was the first to dip into the shark tank this evening, searching for $50K for a 25% ownership of her Grill Charms

business which already made $60k in her first year.

grill1

Grill Charms offer an entirely new concept in outdoor entertaining. Grill Charms are dime-sized solid stainless steel charms that are placed in food before grilling to distinguish spices and flavors, steak temperatures, or to avoid health or allergy issues. So, when dinner comes off the grill, everyone knows which one is theirs.

Everyone was charmed by Leslie's product except for Barbara.

Kevin O. offered $50K for 50% with 7% royalty.

Kevin H. offered $50K for 50% stake with his expertise with infomercials for the development of the product.

Robert and Daymond wants to join in with Kevin H but he said that he needs Daymond's expertise only.

Robert really wanted to win it and offered $50k for 25%.

Leslie talked to his husband for a moment and came back with a counter to Kevin H. and Daymond's offer with 49% stake, but the two sharks didn't agree.

Kevin O. decided to make it 20% stake for $50k without the royalty.

The battle ended with Leslie accepting Robert's offer of 20% ownership. I'm wondering if these guys were under spell that night, you'll really feel that they wanted to win the battle and even offered more than hopeful asked for.

Next into the shark tank is a magician, Todd Robbins and a knife-thrower, David Adamovich of New York City, they are looking for $300k for a 20% stake of The Funhouse Project, which is a 25,000 SF amusement park in Times Square area. when the sharks learned that it will cost $1.5 million to build and about $7.4 million annual expenses, they all think that it's too risky, they were all out.

Next up were Dede Barbanti-Parra and Kathy Lam developed their own workout routine, they call it "Boogie Box Fitness" which presents a unique blend of high intensity hip hop & Latin dancing, mixed with kickboxing, plyometric exercises and military drills choreographed in intervals in order to really burn off those calories. They are asking for $700k which they will use to launch their home DVD line for 70% stake. Although Barbara was impressed, but the amount of money they are asking was too high to risk. They all vowed out.

clay

The last to swim with the sharks was Sawyer Sparks, asking for $125k for a 25% stake of his company. Soy-Yer Dough is a gluten free modeling compound that is non-toxic, fun scented and safe for children and parents whom cannot play or touch wheat products. What makes the sharks interested in when he said that Play-Doh offered him $500,000.

Kevin O. offered $125k for 51% stake and help him close the deal with Play-Doh. Sawyer countered for 40%.

Daymond, Kevin H. and Barbara believe that Kevin O's offer was the best offer and they were out.

Robert offers $125k for a 40% stake.

Daymond, Robert and Kevin O. joined forces and offered $100k each for 51% of the clay business and Sawyer accepted it.

Next episode 4 entrepreneurs will face the sharks, one in an online study guides business, another in a toy business, third sells socks in 3's and a the last entrepreneur sells belt as fashion accessory. Only 2 will be receive offers from the sharks, can you guess who?

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