Entrepreneur Alfonzo Dowe, Sr. got all washed up and NO funding on episode 1 of season 2 of Shark Tank.
This entrepreneur is a law enforcement agent during the day, chasing his dream at night!
I applaud him for taking a risk and walking the plank!
He made one big mistake in my mind, when he admitted not to being a “business man”!
One should never admit this in a funding pitch!
Last but not least I don’t think his product has a chance of gaining market share.
I hope he proves me wrong.
Hells Bells Helmets get funded on Shark Tank TV Show. BUT they gave up 30% more equity than they started with. But I also think that was planned because they took the Shark Tank investors offer very quickly and with no counter offer whatsoever.
Dr. Nancy Tanchel, the CEO and inventor Marix Stone did a good job, BUT I still have my comments you can learn from.
Here’s my feedback on what they did right and wrong.
Ok season 2 is underway and here are my comments on the Shark Tank investors and the Entrepreneurs who dare to swim these waters.
We start off with Michael & Babbs Barnett, founders of Romp N Roll a children’s enrichment center where “kids bond & learn”. Kevin Harrington had to set Babbs straight when she said “you don’t understand our market”.
If you learn ! thing from this entrepreneur learn to NEVER argue with a check writer!
I had the fortunate opportunity to meet April Morris, founder and CEO of Express Effects Cosmetics and inventor of Thin Gloss. She is going to be on season 2 of Shark Tank!
So I got the scoop on her company and some insights on what it was like to be on the Shark Tank TV Show. If you want to be on the show or want to hear about her company click play on the audio player below.
I had the fortunate opportunity to meet April Morris, CEO & founder of Express Effects, and she will be on the Shark Tank TV Show which will start their new season on ABC January 8th 2010.
She was roaming around at the CEOspace expo meeting people and networking with other CEO’s. She has an incredible energy and spark that she carries. I just love entrepreneurs!
When I found out she was going to be on Shark Tank I asked her if she got funded but she couldn’t reveal what happened!
I hope to get an interview with her soon!
Here’s a video of her making the announcement about this exciting development for her company.
Here’s her story as copied from her website http://www.ExpressEfffects.com.
At age 23, April Morris was a single mother with no business experience, but an innovative idea and a dream. Behind her unassuming beauty and down-to-earth nature is a story of struggle and prosperity that led her to become an award-winning sales leader, award-winning innovator and inspiring speaker.
In 1995, I arrived in Indianapolis, Indiana to start a brand new life for me and my kids (ages 5 & 6 yrs old at the time). I had no car, no furniture, no education and no money. I had worked as a makeup artist at a cosmetic counter in Albany, GA. earning $6.85 per hour. I arranged to continue working for the same cosmetic company when I arrived in Indianapolis and was quickly promoted to management. Making women feel beautiful was my passion. However, it seemed there was never enough money at the end of the month for my family. My optimistic nature and faith pulled me through some really tough times. Desperate to find relief, I began reading motivational books for inspiration and I felt a fire ignite inside me. I knew I was destined for something greater. But what and when?
Divine inspiration is how I describe what happened next. In December 2002, I got an innovative idea after attending a Christmas party. This is what happened. The host of the party shared with me that two ladies (I had met at the party) referred to me as “chubby”. At first I was angry but that quickly turned to disappointment because I remembered getting ready that night and my clothes were fitting too tight. I immediately began taking diet pills.
The side effects seemed to make me too jiggery so I stopped taking them. Sometime later I was driving in my car and while sitting at a red light, I began to reapply my lip gloss in the rear view mirror. That’s when the idea came to me… I wondered if there was a smell or herb that could be put in lip gloss that might help curb appetite. I became obsessed with doing research to find out how to develop my idea which would later be called THINgloss™ I had a BIG DREAM but no money to get started. How was I going to fund my idea?
My big break came when I began selling real estate. In 2006, I sold 9 million in real estate and won “Sales Person of the Year”! I had a six figure income; built my dream home, got my Mercedes and I could FINALLY pay my bills! It all came to a screeching halt in June 2006 when a near death family tragedy served as my wakeup call. I said goodbye to my old life and decided to DREAM BIG! I invested all my savings and launched THINgloss™ by Express Effects Cosmetics in March 2008.
My purpose is very clear to me. It is to serve others. I believe all women deserve to look and feel beautiful. I believe we are all born with a genius (unique gifts and talents). I believe in joining together in a spirit of collaboration so we can all succeed. This is my passion. It is an honor and privilege to serve you.
Currently, THINgloss™ is sold in 60+ stores in the US and Tokyo, Japan and won the prestigious award for “BEST INNOVATION”. Additionally, April Morris has been featured on FOX, NBC, Los Angeles Times, Indianapolis Star and many others. April was recognized as the 2008 “Starkey Entrepreneurial Woman of the Year” nominee and is currently on a national tour with Wow Women Expos to share her inspiring story and promote THINgloss™.