Just Elementary, Inc. » Entries tagged with "Shark Tank"
Value of Negotiation Leverage in Negotiating a Deal on Shark Tank
First into the Shark Tank were Keeley Tillotson & Erica Welsh from Oregon of Wild Squirrel. Keeley & Erica were asking for $50,000 in exchange for 10% equity in their company. You can find Wild Squirrel on Amazon.com. This translates to an Asking Business Valuation of $500,000. Wild Squirrel is a company that manufactures special Almond and Peanut butters. At the time of taping, they were offered in five varieties which you can see on their website. They … Read entire article »
Filed under: Business Tips
Shark Tank Business Valuation by the Percentages
Last in the Shark Tank was Fleetwood Hicks of Villy Customs. Fleetwood Hicks’ Villy Customs offer customized Cruiser Bikes that are incredibly colorful and well designed as attested to by Daymond John on the Show. Fleetwood Hicks was asking $500,000 for a 33% equity stake in Villy Customs ($1.5 Million Dollar Valuatio). The Sharks were thoroughly impressed, and you can see why in the pictures below. The bikes are incredibly colorful and the Sharks were … Read entire article »
Filed under: Business Tips
How to Get Your Business or Product on to ABC’s Shark Tank
Straight from ABC’s website are the instructions for getting on to the hit ABC TV show called Shark Tank: How to Apply to Get Casted on ABC’s Shark Tank. Important note is to download the application form prior to going to an open casting call. There is an Open Casting in Chicago coming up Friday May 11th, 2012 from 10 AM to 5 PM. Location of the Chicago Open Casting call is the Embassy Suites – Chicago Lakefront There is also … Read entire article »
Filed under: Business Tips
Shark Tank Negotiation & Valuation Lessons
First up on ABC’s Shark Tank on was Barbara Lampugnale of Duality Cosmetics to promote her all in one Nail Polish pack called NailPak. NailPak Nail Polish comes with a handy attached nail file and pre-soaked nail polish remover pads for easy on the go repainting of nails. This is a product that definitely seems like it would get strong interest from Lori Greiner, and it did. An upcoming update segment on Barbara Lampugnale’s NailPak will air … Read entire article »
Filed under: Business Tips
Q&A with Jeff Stroope of Hyconn LLC from ABC’s Shark Tank
Jeff Stroope of HyConn LLC: was kind enough to take the time to answer a few questions about his experience on the Shark Tank from Last Season. We see that he gets a verbal deal on the set with Mark Cuban, but the million dollar question is if he actually finalized a partnership buyout with Mark Cuban after all was said and done: Q: How long was the time you actually spent on the set with the Sharks … Read entire article »
Filed under: Business Opportunity For Sale
Why James of Vino Di Copa was Right (Not Wrong) to Turn down the offers from the Shark Tank
There was a lot of negative commentary against James Martin of Copa Di Vino on twitter and even on the Copa Di Vino facebook page. The main sentiment among the negative commentary was that James Martin of Copa Di Vino “blew” his second chance in his repeat appearance on the set of Shark Tank. But, do the numbers agree that he blew his chance? First we’ll break down the numbers, and then describe how it played out. So let’s break this down in order of presentation on the … Read entire article »
Filed under: Business Tips, Business Valuation
Q&A with Gary DeJohn of Vinamor Wine Aerator – Shark Tank
For those that are curious about the Vinamor Wine Aerator that was featured on ABC’s Shark Tank, we present a Q&A interview with owner Gary DeJohn. Just Elementary: What kind of research about the Sharks did you do before you got to the set to present your pitch? Did you know which Sharks were going to be on the set? Vinamor: Yes, They let me know ahead of time which Sharks I would be pitching to. Just Elementary: When did you … Read entire article »
Filed under: Business Tips
Business Valuations and Knowing Your Numbers on Shark Tank
First up on the Shark was Nick Romero of The Ave. Nick Romero was asking $125,000 for 15% equity ($833,333 Valuation) for The Ave, which is a concept that is operated out of a retail location in Venice California. The Ave offers customers the ability to customize apparel. In the segment, customized shoes were highlighted, which required a special platen that Nick Romero had a patent pending for at the time of taping. Being that the … Read entire article »
Filed under: Business Tips
Q&A with Melissa Kiernan of Last Lid as Seen on ABC’s Shark Tank
Melissa Kiernan of Last Lid was Kind enough to take some time to answer questions about their experience on The Shark Tank Set, and how it has affected their business since the experience. Just Elementary: How long did it take to finalize an arrangement with Daymond John in writing? Last Lid: When we got back from shooting we heard from Daymond personally about a month after. Our agreement was finalized 3 months later. Just Elementary: Was there a lot of back … Read entire article »
Filed under: Business Tips
Each Percentage Counts for More than it sounds like – Shark Tank Business Valuation Lessons
Third up on the Shark Tank was Gary DeJohn of Vinamor Wine Aerator. Gary DeJohn was asking for $75,000 in exchange for 30% equity ($250,000 Valuation). At the time of taping Gary DeJohn had sold approximately 1,000 unit. The Vinamor Wine Aerator is a great wine aerating product that can be conveniently used in restaurants to quickly aerate a newly opened bottle of wine, which increases the customers’ enjoyment of the wine. This is a win-win … Read entire article »
Filed under: Business Tips, Business Valuation
Shark Tank Business Lessons
First up in the Shark Tank was the Profender by Tony Devine, who was asking for $75,000 in exchange for 15% equity (Which is a $500,000 Valuation). The Profender is a basketball training tool to help shooters simulate game situations where a defender is closing out on them to contest the shot. The way this is currently done in most training situation is by having assistant coaches use brooms to extend their reach while basketball players … Read entire article »
Filed under: Business Tips
Rent A Grandma Franchise Question and Answer with Todd Pliss
Todd Pliss, the Franchisor of Rent A Grandma was kind enough to answer some question about the business just before the episode of Shark Tank featuring him and his business was due to air on ABC. Just Elementary: Rent A Grandma has been written up in articles from the Christian Science Monitor, ABC News, Entrepreneur Magazine, Hispanic Business, to NPR. How has the publicity from them benefitted the business? Were there any surprises to people’s reactions from those … Read entire article »
Filed under: Franchises
Why Business Valuations are not as simple as One Formula Fits all
Dallas Robinson and Mike Buonomo of Kisstix were the first pair up on Shark Tank. They were on the show to pitch their product which is a mix and match lip balm that creates a fun tingly flavor experience for kissing couples. Dallas Robinson and Mike Buonomo were asking for a $1,000,000 valuation for Kisstix by offering 20% equity for $200,000. Given that Gross Revenues were about $80,000 Kevin O’Leary asked how Dallas Robinson and Mike Buonomo came up with their … Read entire article »
Filed under: Business Tips, Business Valuation
Negotiation Clinic by Lori Greiner on ABC’s Shark Tank
The final segment of Shark Tank had one of the the most interesting negotiation session in Shark Tank History. It had Lori Greiner at her Negotiating Best. Rick Hopper of ReadeREST, which you can find on Amazon. ReadeREST is strong stainless steel clip that sticks to a shirt because a backing strip featuring neodynium magnets. Hopper was asking for $1,000,000 Valuation ($150,000 for 15% equity) The ReadeREST product demonstrated really well, as Hopper intentionally fell … Read entire article »
Filed under: Business Tips, Business Valuation, Negotiation
Leverage is Key to Winning Negotiations Shark Tank
Having the leverage in a business negotiation is fleeting, and needs to be leveraged before it is lost. That was a key lesson in this episode. First up in the show was Ivory Tennelle from Irvine, California. Ivory Tennelle is the creator of the the Swilt. The Swilt is a combination Hoodie Sweatshirt with a fold up blanket portion. When the blanket is folded up, it looks like a baggy sweatshirt. With the blanket unfolded, Mark … Read entire article »
Filed under: Business Tips, Business Valuation, Negotiation
Shark Tank Keeping Your Cool During Negotiation
Last up in the Shark Tank was Donny McCall of Invisa-A-Rack (@InvisARack). Invisa-A-Rack is an innovative product that is used on pickup trucks to help organize and haul additional cargo. You can find Invisa-A-Rack on Amazon. The genius of the product is that the racks can fold away and be out of sight, letting the truck not look like a cargo vehicle when desired in less than a minute. This is a product that makes a lot … Read entire article »
Filed under: Business Tips, Negotiation
Maintaining Negotiation Leverage – Primary Business Lesson from Shark Tank
Back for a new season of wheeling and dealing, we’ll review the business models, proposed transaction, negotiations and other business lessons on display on ABC’s Shark Tank just as we did for the previous season’s episodes. The first business that was presented on the episode is a product that you can find on Amazon: Clean Bottle (twitter @CleanBottle), founded by Dave Mayer. The product is a sports bottle that has opening on both the top and bottom, which … Read entire article »
Filed under: Business Valuation, Negotiation
Business Lessons from Shark Tank Season Finale
First up in the season finale of Shark Tank is the prominently featured Rebecca Rescate of CitiKitty. Rebecca Rescate’s CitiKitty is a product that is an alternative to the traditional cat litter solution. This product helps trains cats to use actual Human toilets. As funny as it looks watching a cat on a toilet, it does solve a problem, especially for urban dwellers whose cats can not easily go outdoors and use a yard for their bathroom needs. Rebecca … Read entire article »
Filed under: Business Tips, Business Valuation, Negotiation
Negotiation and Valuation Lessons from ABC’s Shark Tank
Episode 207 of ABC’s Shark Tank elicited many responses, and as usual contained a great many business lessons on display, in particular regarding Valuation and Negotiation. First up in the Shark Tank were Jason Lucash & Michael Szymczak of OrigAudio. They asked for $150,000 for 15% equity. Their company sells portable audio speaker solutions. On the show they claimed to have a track record of sales. In their one year of sales they have grossed $750,000, upon … Read entire article »
Filed under: Business Tips, Business Valuation, Negotiation
Q&A With Deidrea Haysel of Hot Mama Gowns
Deidrea Haysel of Hot Mama Gowns was kind enough to answer a few questions regarding her experience on ABC’s Shark Tank. For some background on the episode that Haysel was featured in, we wrote about the business lessons on display in that episode in this post. Just Elementary: Was there any bump in notoriety and publicity for Hot Mama Gowns after the taping of the show, but Before the Show Aired? Deidrea Haysel: No, not necessarily, and if there was it … Read entire article »
Filed under: Business Tips
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