Just Elementary, Inc. » Entries tagged with "Shark Tank"
Season 5 Shark Tank Open Casting Atlanta, Dallas, Chicago, Philadelphia, Los Angeles
Do you have the next Scrub Daddy, SoundBender, Magic Tattoo Remover, ReadeRest Eye-Glass Holder, Lollaland Lollacup or Vurtego Pogo Stick? Then, Great News for you and other entrepreneurs hoping to get their business, product or idea on to Shark Tank. Shark Tank has been renewed for a 5th season! Coinciding with this is an announcement of the Season 5 Open Casting Schedule. Atlanta, Dallas, Chicago, Philadelphia and Los Angeles are the five cities that … Read entire article »
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Negotiation & Business Valuation Lessons from Shark Tank Cellhelment CordaRoys Bean Bag Beds Tower Paddle Boards Baby Loves Dance Lose 12 inches
There are plenty of mobile phone accessories, but are there any truly revolutionary products out there? Cellhelmet was pitched in the Shark Tank. Cellhelmet was founded by three people, Mike Kane, Brian McHenry and Dave Artuso. The trio are from Pittsburgh, so we’ll expect a little shout out between them and Mark Cuban who is also from Western Pennsylvania. What Cellhelmet does to differentiate itself from other mobile phone accessories is to offer accidental damage coverage. … Read entire article »
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Shark Tank Business Valuation & Negotiation Lessons Neo Mag Light Tattoo Removal, PSI bands, Nuts N More, Jeska Shoe Company, SurfSet Update
Third into the Shark Tank was Neo Mag Light aka Black Magic IPL Tattoo removal is the brainchild of Nick Gonzalez & Kevin Mack from Westminster, Colorado. Neo Mag Light aka Black Magic IPL Tattoo removal is an innovative product that allows people to remove tattoos on their own. The product is designed for use in the home. Neo Mag Light (Black Magic IPL) comes in a smaller version for smaller tattoos, and can be used to test … Read entire article »
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Shark Tank Business Valuation & Negotiation Lessons – Proof Wood Eyewear, Addison’s Wonderland, Muddy Water Camo, Hip Chix Denim & Liquid Money Cologne & Perfume
Proof Eyewear was last into the Shark Tank to pitch it’s line of Eco friendly eyewear which is all made in America. Proof Eyewear offers wood based frames for sunglasses and prescription eyewear. Proof Eyewear started in 2010, and is based out of Eagle, Idaho. Proof Eyewear is run as a family business by three brothers, Brooks, Tanner and Taylor Dame. Proof Eyewear is sold in specialty retail stores, and online. The story that Brooks, Tanner and … Read entire article »
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Shark Tank Business Valuatiom and Offer Negotiation Lessons The SmartWheel, Gotta Have S’More, How Do You Roll Sushi, Pretty Padded Room Online Therapy & Invis-a-Rack
Carmen Lindner from Marina Del Rey California is on Shark Tank to pitch her tasty looking dessert creation called Gotta Have S’More. Carmen Lindner’s Gotta Have S’More looks to be a tasty creation that should have the sharks interested in a muffin crossed with a smore, which come in many different chocolate flavored combinations. Gotta Have S’More’s are sold in retail outlets in the Los Angeles area, and also are sold online with two day delivery … Read entire article »
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Shark Tank Business Valuations, & Negotiation Lessons Ava the Elephant CitiKitty HoodiePillow, Grinds Grounds Coffee Pouches My Cold Snap Green Garmento
Update segment involves a hit product from Season 1 of the Shark Tank, known as Ava the Elephant, available on Amazon. Tiffany Krummins is the inventor, and the update segment shows that she has great story showcasing the American Dream. She made a product to solve a problem she had administering liquid medicines to her child. Necessity is the mother of all invention. With an investment from Barbara Corcoran, Ava the Elephant has taken off and … Read entire article »
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Shark Tank Business Valuation & Negotiation Lessons with Xero Shoes Soundbender Cuddletunes Bibbitec
Rabbi Moshe Weiss appeared 2nd on Shark Tank to pitch the Soundbender. The Soundbender is an innovative clip on attachment to redirect iPad sounds in the direction of the screen instead behind the screen. Rabbi Moshe Weiss has a large personality, but he backed with a product in the Soundbender that had great margins and some potential. As such there was interest from Daymond John and Robert Herjavec for the Soundbender. Rabbi Moshe Weiss was … Read entire article »
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Getting Bidders to Bid Against Themselves Using Negotiation Leverage on Shark Tank
First into the Shark tank were David Jackson and Dave Petrillo, who are the creators of Coffee Joulies. David Jackson and Dave Petrillo, created Coffee Joulies to solve the age old problem of keeping hot beverages at the right temperature for long time. Coffee Joulies are stainless steel pebbles that reduce the temperature of a hot beverage to 140 degrees Fahrenheit and keep it there for hours. The secret to the Coffee Joulies are the chemicals inside of … Read entire article »
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Marketing Questions on Shark Tank
Getting a Shark Tank update segment are Keeley Tillotson & Erica Welsh from Oregon of Wild Squirrel Nut Butter. Keeley & Erica asked for $50,000 in exchange for 10% equity in Wild Squirrel Nut Butter when they appeared on Shark Tank, which translated to a Business Valuation of $500,000. Wild Squirrel Nut Butter is a company that manufactures special Almond and Peanut butters They started the company out of their college apartment. As they are … Read entire article »
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Business Models & Business Valuation Lessons from Shark Tank
The Shark Tank update segment will feature the Voyage-Air Guitar. Voyage-Air Guitar is a guitar designed to alleviate travel headaches. That is because the Voyage-Air Guitar is a foldable guitar that makes traveling through airports, bus stations and other transit stops a LOT easier. Concerned about the quality of the folding guitar from Voyage-Air Guitar? Well, it is highly rated by musicians. Steve Cohen is the entrepreneur behind Voyage-Air Guitar. While Steve Cohen walked away … Read entire article »
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Business Valuation & Negotiation Lessons from Shark Tank
Last into the Shark Tank was Michael Tseng to pitch his innovative Plate Topper. Michael Tseng was asking for $90,000 in exchange for 5% equity in Plate Topper, which translates to a $1.8 Million Business Valuation. Plate Topper is a unique suction based microwave safe cover for plates. The product was quite a hit with the Sharks, as it had proven itself with prior appearances on QVC.com and was available on Walmart’s website. The segment took approximately two hours to … Read entire article »
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Negotiation Lesson from Shark Tank – Counter Offer with Conviction
First into the Shark Tank was Scrub Daddy, the creation of Aaron Krause. The Scrub Daddy isn’t any ordinary sponge, it can morph from a very soft sponge (Activated by Hot Water), to a firm sponge (activated by Cold Water) that can scrape tough food stains. Aaron Krause is a clever inventor, and with the Scrub Daddy had a big hit on his hands. Prior to taping on the set, Aaron Krause had sold the Scrub Daddy on QVC on … Read entire article »
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Business Valuations Too High isn’t Always a Bad Thing – Shark Tank
Dallas Robinson and Mike Buonomo of Kisstixx were the Shark Tank update segment. Mark Cuban invested in the young entrepreneurs. Kisstixx is a product which is a mix and match lip balm that creates a fun tingly flavor experience for kissing couples. Dallas Robinson and Mike Buonomo asked for a $1,000,000 valuation for Kisstix by offering 20% equity for $200,000. Mark Cuban made an offer of $200,000 for 40% Equity ($500,000 Valuation). He made … Read entire article »
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Business Lessons from ABC’s Shark Tank – Negotiation Techniques and Business Philosophies
Third into the Shark Tank was Cheryl Rigdon presenting her products, the Spatty and the Spatty Daddy. The concept is simple, Spatty and the Spatty Daddy are spatula like products that small enough to get into tubes of cosmetic products, and lotion bottles, etc. to scrape out the hard to reach portion of the remaining product. This type of product is definitely appealing to consumers who hate to waste, and save money. Putting this product on … Read entire article »
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Keys to Getting Investor Money & Investments on Shark Tank
This episode features the return of Lori Greiner to the Shark Tank, as she will alternate with Barbara Corcoran in Season 4 episodes. First into the Shark Tank was Back 9 Dips. Back 9 Dips is the brainchild of Dominique & Kevin Mealy. Dominique & Kevin Mealy product is a collection of blended chicken dips that you can find in grocery stores like Publix and Winn Dixie. The business wasn’t big at the time of taping, and as such, the Sharks did not demonstrate strong … Read entire article »
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Importance of Sales, Revenue & EBITDA & Profits on Business Valuations – Shark Tank
The Third Product in the Shark Tank was Tereson Dupuy of FuzziBunz which you can find on Amazon.com. FuzziBunz are a 100% resuable diapering product, that are eco friendly and money saving. A seeming win win product in that it is eco friendly and money saving. Of course, there is the yuck factor of handling a reusable diaper and washing them. Aside from that the main crux of the segment is that Tereson Dupuy had … Read entire article »
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Negotiation Clinic: The Art of Leverage When Selling – More Shark Tank Business Lessons
Third into the Shark Tank were Abby Jordan & Becky App. They were there to represent eCreamery.com. eCreamery.com is an online gift shop for gelato and ice cream with many custom flavors. At the time of taping, the duo were operating a retail location as well. eCreamery.com had recent year sales of $750,000 but only bottom line profit of $60,000. This is not unusual, retail brick and mortar businesses have a lot of overhead in Rent, … Read entire article »
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Shark Tank Business Lessons: Negotiation Lessons of Leverage
The Shark Tank update segment was about Rick Hopper’s Readerest, which is also known as SpecSecure. Obviously, the deal with Lori Greiner has worked out, but read this previous article that details what a masterful negotiation job Greiner did, and how Hopper could have kept significantly MORE equity and kept more of the ongoing profit. In short, there was no way Greiner was going to NOT make the deal. The product is PERFECT for a … Read entire article »
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Interview with Puppy Cake Founder Kelly Chaney As Seen on ABC’s Shark Tank
Entrepreneur Kelly Chaney of Pittsburgh Pennsylvania was kind enough to sit down and answer questions about the growth that she and her company have experienced since taping and appearing on ABC’s Shark Tank. If you are interested in ordering Puppy Cake, you can find it in Retail Stores, the Puppy Cake Website and on Amazon. Just Elementary: How long were you actually in front of the Sharks? Kelly Chaney of Puppy Cake: I wish I could remember how … Read entire article »
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Counter Offers & Business Valuation Calculations on Shark Tank Finale
First into the Shark Tank was Ryan Custer of Cougar Limited. Ryan Custer was asking for $150,000 in exchange for 30% equity in of Cougar Limited, which translates to an asking Business Valuation of $500,000. Ryan Custer was on the set to promote his beverage line catered to middle aged women. Custer calls his targeted beverage a ‘Lifestyle’ Drink. The Cougar Limited beverage is similar to 5 hour energy, in that it is a Zero calorie beverage. Given that … Read entire article »
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