Shark Tank TV Show Season 1 – Episode 2
After the very successful pilot episode of Shark Tank, here’s the much awaited 2nd episode where another 5 entrepreneurs will face the Self-Made millionaires to present their products and ideas to prove them that their business is profitable and should be funded by the sharks.
First to get in the shark tank is Craig French from
|
|
Robert Alison wants $500k for a 10% stake for his automobile device which makes the driver and the passenger safe because when Lifebelt is not buckled up the engine won’t start and if the engine is running and one of the passengers unbuckled the radio will be shut down and an alarm will play. This device will cost around $229 when installed. 2 Sharks got interested and wants 100% stake, Kevin O'Leary offered $500k while Robert offered $1 million and they were both turned down by Robert. |
|
|
Susan Knapp is looking for $500k for a 15% stake of her company which sells gourmet food products to 650 stores. A Perfect Pear had sales of $700k with $100k in order that she wasn’t able to fill. She can’t cope up with the demand because she had problem lending money from the bank. Kevin O offered $500k for 70% share while Daymond offered $500k for 51%. Susan countered for 49% and the deal ends up accepting the 50% offer of Kevin H And Robert. |
|
|
|
|
Mary Ellen Simonsen came into the shark tank asking for $100k in turn for 20% share of her Sticky Note Holder idea, it’s a sleeve placed in your computer that allows you to organize your sticky notes without covering the screen of your computer and as expected all of the sharks didn’t like to invest. |
|
|
The last to face the business tycoons is Marc Furigay, an English teacher with his product, Classroom Jams, an educational record label which he designed to make students relate to classic works of literature. He asked for $250k in turn for a 10% stake. All the sharks go in together for $250k with 100% stake and Mark will get 5% royalties but Mark still wants to be a partner then Robert offered $250k for 100% with an option to buy 49% back with the profits from the business without the royalties. Mark then decided to accept the original offer of the 5 sharks. |
|
|







