Watch Shark Tank - Week 5 /Episode 6 - Sweepeasy

The following are actually REAL negotiations between entrepreneurs and investors (Guppies & Sharks). The sharks invest their own money at their discretion. The guppies get devoured into a belly of finance, or spit back into the ocean of hard knocks to fend for themselves. The entrepreneurs must convince the sharks to invest the FULL AMOUNT, or walk away with NOTHING.

THE SHARKS: Barbara Corcoran, Daymond John, Kevin O'Leary, Kevin Harrington, Robert Herjavec

THE GUPPY: Shane Pannel

THE COMPANY: Sweepeasy

WEBSITE: sweepeasy.com

SYNOPSIS: A broom that scrapes and sweeps dry, sticky waste from the floor.

SEEKING: $40K for 25% stake

PRODUCT/SERVICE: A house broom with a built in scraper tool at the push of a handle button. 

WHAT'S THE SKINNY?: He has a patent pending, he is working with prototypes but he's he's shown it to retailers and talked to one of the nations largest janitorial supply and they all want it. He wants to get it licensed and distributed all over the world.

STATS: Kevin O'Leary is the first to jump in quickly, he wants to license the product all over the world with an offer the $40K for 25%. But just as soon as he makes his offer Kevin Harrington wants him to explore not only licensing, but direct to the consumer through television. But Kevin O'Leary quickly ups his offer to $50K for a 20% stake. Kevin Harrington wants to do a TV commercial first, then license that all over the world to make things easier. Daymond wants to let Shane run his own company and he makes an offer of $75K for 33%. Barbara doesn't see Shane as a person who can finish things so she's out. Kevin Harrington' not gonna raise his offer to match Daymond but he say's he has to put the product on television. Kevin O'Leary wants Shane to license the product all over the world. Kevin O'Leary tries to partner up with Kevin Harrington but Kevin Harrington wants to be able to have control over the product and doesn't need him. Robert decides to jump in with Kevin O'Leary and raise Kevin's offer to $80K for a 25% stake. This has turned into a feeding frenzy! Now Daymond teams up with Kevin Harrington and raises Kevin' offer to $80K for a 25% stake. It looks like a direct to consumer vs. licensing shootout! It's tit for tat, as 4 sharks team up with matching offers. Decisions decisions. Shane decides to step out in the hall and call his wife but Kevin O'Leary tells Shane he would like to talk to his wife when he does. As Kevin O'Leary makes his way towards the hall Daymond then decides to retract his offer and reduce it by $10K, and manages to pull Shane back in. Shane finally accepts Kevin Harrington and Daymond's offer and walks away with the investment.

CAME IN SEEKING: $40k for a 25% stake

WALKED WITH: $80K for a 25% stake

GRADE: (Guppy): A+

GRADE: (Sharks): A

COMMENTARY: Amazing. Shane has managed to get twice the amount he wanted without giving away more equity! This was a full course meal for the sharks. 

WATCH SHARK TANK WEEK 5/EPISODE 6 - SWEEPEASY

"Success is getting what you want. Happiness is wanting what you get."
- Dale Carnegie

CHECK OUT THE SHARK FINS SECTION FOR ARTICLES AND INTERVIEWS. ALSO CHECK OUT THE SHARK TEETH SECTION FOR HELPFUL TOOLS OF THE TRADE.

WHAT DO YOU THINK? COULD HE HAVE GOTTEN THE SAME CAPITAL (OR HIGHER) WITH A LOWER STAKE? WHERE THE SHARKS FAIR IN THEIR NEGOTIATIONS? DID BOTH PARTIES COME OUT ON TOP? POST YOUR COMMENTS AND TEST YOUR NOODLE AT THINKING LIKE A BILLIONAIRE...........

Watch Shark Tank - Week 5 /Episode 6 - Daisy Cakes

The following are actually REAL negotiations between entrepreneurs and investors (Guppies & Sharks). The sharks invest their own money at their discretion. The guppies get devoured into a belly of finance, or spit back into the ocean of hard knocks to fend for themselves. The entrepreneurs must convince the sharks to invest the FULL AMOUNT, or walk away with NOTHING.

THE SHARKS: Barbara Corcoran, Daymond John, Kevin O'Leary, Kevin Harrington, Robert Herjavec

THE GUPPY: Kim Nelson

THE COMPANY: Daisy Cakes

WEBSITE: ilovedaisycakes.com

SYNOPSIS: A family recipe of cakes with no preservatives or artificial flavors.

SEEKING: $50K for a 25% stake

PRODUCT/SERVICE: The best cake you'll ever put in your mouth. A traditional family recipe of cakes from her aunt daisy that has the freshest, natural ingredients hand baked with southern love. 

WHAT'S THE SKINNY?: She ships them nationwide, packed in dry ice. They cost $44.50 online and cost $18.00 to make. She goes to Holiday fundraiser shows to get to customers, she sold $27K in three months regional. She wants to get on one of the shopping networks and make $5,000 in 30 days. She is in the process of having her lemon curd cake in Whole Foods. 

BUSINESS MODEL/HOW DOES IT MAKE MONEY?: She sells them at shows and online for $44.50. 

STATS: Kevin O'Leary thinks it's the best cake he ever had, but he's thinks turning it into a business is a huge challenge. Kevin Harrington see's it as a word of mouth business, but he's looking for fast growth so he's out. Robert is out also because it's not good investment wise, but he also likes the cakes. Daymond thinks it's too small and he's out, but he still eating the cake. Barbara likes Kim very much but thinks it's too small a business to invest in. She notices that each shark loves the cakes, and have even taken more bites of it after they dropped out. She decides to make an offer. For every cake sold Kim has to mail Barbara one dollar, and by the time she sells 50,000 cakes she gets her money back, and her mother has to help her hustle the cakes at every trade show. Kim walks away with investment that appears to be more like a loan of $50K for a 0% stake on the condition that she mails Barbara $1 for every cake sold!

CAME IN SEEKING: $50K for a 25% stake

WALKED WITH: $50K and she has to payback $1 for every cake sold!

GRADE: (Guppy): A+

GRADE: (Sharks): A+

COMMENTARY: Wow! She actually got the investment she wanted on better terms than she even expected. way to go Kim, and way to go Barbara! I don't think Barbara even cares about the 20% stake as long as she gets her money back! Great job Kim! Those cakes must be AWESOME!

WATCH SHARK TANK WEEK5/EPISODE 6 - DAISY CAKES

"Don't aim for success if you want it; just do what you love and believe in, and it will come naturally." - David Frost

CHECK OUT THE SHARK FINS SECTION FOR ARTICLES AND INTERVIEWS. ALSO CHECK OUT THE SHARK TEETH SECTION FOR HELPFUL TOOLS OF THE TRADE.

WHAT DO YOU THINK? COULD SHE HAVE GOTTEN THE SAME CAPITAL (OR HIGHER) WITH A LOWER STAKE? WHERE THE SHARKS FAIR IN THEIR NEGOTIATIONS? DID BOTH PARTIES COME OUT ON TOP? POST YOUR COMMENTS AND TEST YOUR NOODLE AT THINKING LIKE A BILLIONAIRE...........

Watch Shark Tank - Week 5 /Episode 6 - Caddyswag

The following are actually REAL negotiations between entrepreneurs and investors (Guppies & Sharks). The sharks invest their own money at their discretion. The guppies get devoured into a belly of finance, or spit back into the ocean of hard knocks to fend for themselves. The entrepreneurs must convince the sharks to invest the FULL AMOUNT, or walk away with NOTHING.

THE SHARKS: Barbara Corcoran, Daymond John, Kevin O'Leary, Kevin Harrington, Robert Herjavec

THE GUPPY: Mellissa and Ben Fossey

THE COMPANY: Caddyswag

WEBSITE: caddyswag.com

SYNOPSIS: The par 6 is designed to fit inside the shoe pocket of any golf bag.

SEEKING: $60K for 20% stake

PRODUCT/SERVICE: The Par 6 is designed to keep six 12 ounce cans cold for 18 holes without ice, each cooler comes with a customized re-freezable gel pack guaranteed to keep the cans cold. 

WHAT'S THE SKINNY?: They are averaging $15K in sales a year from word of mouth. They want to take the investment and order 10,000 units at $3 a piece and take the remainder and put it into an advertising campaign in targeted markets to turn the product over. 

STATS: Daymond is out first. He's not a golfer. Kevin Harrington is out because he doesn't think the product has enough punch to get the phone ringing. Robert Herjavec thinks it's a trivial product and it won't sell and he's out. Barbara likes it but thinks it's a small business and she's out. Kevin O'Leary doesn't think he can make money with it and he's out. no one seems interested in the Par 6. The sharks won't nibble or bite. let alone munch. The Fossey's walk out with no investment.

CAME IN SEEKING: $60K for a 20% stake

WALKED WITH: Nothing

GRADE: (Guppy): D-

GRADE: (Sharks): Not Applicable 

COMMENTARY: They took the coolers back from the sharks when they couldn't get the investment! LOL. I should give them a higher grade, I feel bad. Oh well, the hell. 

WATCH SHARK TANK WEEK 5/EPISODE 6 - CADDYSWAG

"Success is going from failure to failure without a loss of enthusiasm."
- Winston Churchill

CHECK OUT THE SHARK FINS SECTION FOR ARTICLES AND INTERVIEWS. ALSO CHECK OUT THE SHARK TEETH SECTION FOR HELPFUL TOOLS OF THE TRADE.

WHAT DO YOU THINK? COULD THEY HAVE GOTTEN THE SAME CAPITAL (OR HIGHER) WITH A LOWER STAKE? WHERE THE SHARKS FAIR IN THEIR NEGOTIATIONS? DID BOTH PARTIES COME OUT ON TOP? POST YOUR COMMENTS AND TEST YOUR NOODLE AT THINKING LIKE A BILLIONAIRE...........

Watch Shark Tank - Week 5 /Episode 6 - Hot Mamma Gowns

The following are actually REAL negotiations between entrepreneurs and investors (Guppies & Sharks). The sharks invest their own money at their discretion. The guppies get devoured into a belly of finance, or spit back into the ocean of hard knocks to fend for themselves. The entrepreneurs must convince the sharks to invest the FULL AMOUNT, or walk away with NOTHING.

THE SHARKS: Barbara Corcoran, Daymond John, Kevin O'Leary, Kevin Harington, Robert Herjavec

THE GUPPY: Deidra Haysel

THE COMPANY: Hot Mamma Gowns

WEBSITE: hotmamagowns.com

SYNOPSIS: A gown that allows pregnant mothers to feel beautiful through childbirth

SEEKING: $30K for a 20% stake

PRODUCT/SERVICE: A gown for pregnant mothers giving birth that is made of 100% organic cotton with short sleeves for IV's and blood pressure checks, with a full snap down back and designed for easy breastfeeding

WHAT'S THE SKINNY?: She has $11,500 in sales, they retail for $119 and costs $49 to make. It's basically in the idea stage. 

STATS: What does it cost to grow the business seems to be the question that the sharks want to know. Robert says Deidra's not answering questions like how she's gonna grow? How much will it cost? Kevin O'Leary say's Deidra hasn't identified the cost of customer aquisition. What does it cost to grow the business? Kevin O'Leary is out. Barbara wants to make the gown one size fits all but Deidra doesn't want to do it. Daymond is out because he believes she'l never learn from him because she has all the answers to everything. Robert Herjavec is out next. Kevin Harrington can't get over the fact that Deidra has a part time job and can't give full attention to the business and drops out next. Barbara believes she can sell the gown but is worried about Deidra's closed-mindness and gives Deidra a few conditions for an offer of $30K for 40% of her business because it's gonna take a lot of her time. But Deidra surprisingly declines the offer. Barabara is out. Deidra walks away with no investment.

CAME IN SEEKING: $30K for a 20% stake

WALKED WITH: Nothing

GRADE: (Guppy): F

GRADE: (Sharks): Not Applicable

COMMENTARY: She had no real sales, I don't know why she didn't take Barbara's offer. Maybe she'l get new orders with the Shark Tank exposure. Good luck Deidra.

WATCH SHARK TANK WEEK 5/EPISODE 6 - HOT MAMA GOWNS

"Success is how high you bounce when you hit bottom."
- George S. Patton

CHECK OUT THE SHARK FINS SECTION FOR ARTICLES AND INTERVIEWS. ALSO CHECK OUT THE SHARK TEETH SECTION FOR HELPFUL TOOLS OF THE TRADE.

WHAT DO YOU THINK? COULD SHE HAVE GOTTEN THE SAME CAPITAL (OR HIGHER) WITH A LOWER STAKE? WHERE THE SHARKS FAIR IN THEIR NEGOTIATIONS? DID BOTH PARTIES COME OUT ON TOP? POST YOUR COMMENTS AND TEST YOUR NOODLE AT THINKING LIKE A BILLIONAIRE...........