Zappo’s Culture King Dr. Vik @ Sundance Film Festival

Here’s a quick introduction to Dr. Vik, formally the chief culture coach at Zappo’s.  I recently spent a few days with him at the Sundace Film Festival in Deer Valley, Utah.  We were both VIP guests at the Thought Leaders Summitt 2010 put on by Larry Benet of the Larry Benet Agency.

If you ever go to Las Vegas YOU MUST go and take a tour of Zappos as it will blow you away, and you will understand how they went from $0 to $ 1 billion in revenue in 10 years….without IMPLODING!

Shark Tank Episode 2 Recap & Commentary

Ok here are my thoughts on Episode 2 of ABC’s Shark Tank.

Shark Tank Funds Grease Monkey Wipes! Oouch!!!

WOW 40% for $40K!!!! Well if your happy with that…it was a good deal…BUT that is a very rich deal! Lack of education and experience has cost these entrepreneurs millions!

Tim Stansbury and Erin Whalen of Grease Monkey Wipes.   Seeking $40,000 for 40% equity in the business has a great product and a cool niche.

Grease Monkey Wipes are portable, individually packaged wet wipes, made with non-chemical all natural cleaning ingredients made from citrus. The wipes easily clean your hands and removed most grease and grime quickly.

Wee Can Shop Cries On Shark Tank

3rd in the Shark Tank is brother and sister team Kimberly and Matthew Foley and their business Wee Can Shop. This one painful…..BUT I gave one bit of advice that can turn this around!

PODillow Comes Up Short on Shark Tank

Anthony Calvert and Tina Calvert entered the Shark Tank next 2nd to pitch their business PODillow.

PODillow is a tanning pillow meant to be used at teh beach and has a secret compartment for your valuables. They were looking for $250,000 for 33% of their business, giving tehm a pre-money vlauation of $750,000.

Anthony a veteran San Diego SWAT team member (thanks for your service!) came up with the idea for the PODillow. In their spare time over the last few years they have sold it sold 6000 units at a price of $29.95 and the manufacturing cost around $7.00 each.

See my video commentary below to see how they blew their chance to get funded!