Shark Tank TV Show Season 1 – Episode 9
Episode 9 comprise of entrepreneurs presenting a healthy soda, a pet food supplement, a virtual reality locomotion simulator and fashion clothes for plus size women. Who's going to bag a deal with the sharks?
First to dip into the shark tank was Dan Mackey, asking for $50k for a 10% stake for his Chill Soda Business, a healthy alternative to soda, it's low in glycemic, organic, low calories, it's a good source of antioxidants and has vitamins c & D. The sharks got turned off when he said that he had sold only 250 cans last year, which he corrected to 250,000 cans last year with a sales of $175K. He also admitted that he doesn't know much about the beverage business and that he is a marketing guy. Almost all the sharks jumped out of the deal, except for Barbara who offered $50k for 20%. The other sharks convinced her not to pursue because of the competition but Barbara like Dan's honesty, so they closed the deal. I think Barbara has her plans in mind to take the risk.
The second hopeful is a father and daughter tandem Kristina Broderick and her father Dr. Geoffrey Broderick, a veterinarian. They presented their pet food product, Cornucopia Express is a probiotic food that can extend the lives of our pet dogs and cats by 50%. They were looking for $300k for a 15% stake. Almost all the sharks are skeptical and although Kevin O believe in what the Doctor said, he's not willing to push through.
Jim Dimascio and Ray Latypov was next up, they presented a Virtusphere, which consists of a 10-foot hollow sphere, which is placed on a special platform that allows the sphere to rotate freely in any direction according to the user’s steps. Wearing a wireless, head-mounted display the user is able to walk and run being immersed into virtual environment. The movement by the user is replicated within the virtual environment. The same hardware set can be used for different applications by changing only the software applications. Virtusphere can be used in military training, gaming and entertainment, virtual travel etc.
They were asking for $1.5 million for 10% ownership which is too high for an investment and although the sharks love it. They were all out.
The last to enter the tank was Gayla Bentley, she's looking for $250k for a 20% ownership of her Gayla Bentley Fashion business, it's a line of clothing for plus size women. Robert, Kevin H., and Kevin O. were all out. Barbara said that she will provide half of the money she needs if Gayla can convince Daymond to join in her offer and put up the other half. Daymond offered his $125K partnering with Barbara for 50% of the business. Gayla accepted the deal.
This week's episode also gave an update on Ava the Elephant, a method used by Tiffany Krumens in giving medicine to kids. She partnered with Barbara and soon AVA the Elephant will be available in pharmacies all over the country. The sad news is that Tiffany was diagnosed with cancer but she already undergone an operation and now she's cancer free.
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