Shark Tank

Sana Mashrum

October 28, 2009

Shark Tank Episode Summary

Jeff Wolsky

The Bobble Place

He is looking for 75K for 18% equity in the business. He already has a online business that is earning around 500K-600K profit, but he is asking for profit for the another company that he wants to start up. He wants to get his personalized bobble heads in the malls and stores. All the sharks think he is being selfish because he is only asking for money for the risky business. The sharks want part of his business that is already successful. The sharks make deals to give him the money but asking for part of his existing business. They think he is being greedy. One shark felt tricked because he did not mention the existing business when he proposed his offer. Wolsky is also not telling the sharks how much profit his existing profit has made. Two shark asks for 20% of the company for 125K or 100K, but Wolsky asks for 225 K for 20% of the company. Wolsky declines the Shark’s offer and asks for 100k for 7%. So, both sharks are out. No deal is made.

Sandy Hyun and Roman Pietrs

Mr. Poncho

They are asking for 50K for 25% equity. Their product is for tangled headphone cords safe that are for MP3 players. They have a protective sleeve for the MP3 players that has a headphone holder attached to it. This holder allows the headphones to be kept organized and safe. It takes 3 dollars to make and it is sold for 18 dollars. They hand make the mp3 cases. But all the Sharks are out, because either they think the business is too immature. They think the product is good but not good enough. The protective sleeve is not that great because you cannot see what song is being played and you cannot change the song unless you take the case out of the sleeve. Also one shark thinks that his kids would not buy Mr.Poncho, because the skins cannot be changed on a daily bases. No deal is made

Dr. Floyd Seskin

The Uro Club

He is asking for 25K for 51% of the company. He has a product that is for...