Billy Blanks Jr. on Shark Tank Show
|Billy Jr. and Sharon Blanks|
"Dance With Me" Master Instructors
Billy Jr. and Sharon Catherine entered the Shark Tank prepared with a complete line of exercise DVDs consisting of the Dance with Me Boot Camp, Fat Burning Hip Hop, Cardio Fit, Grove and Run and an instructor certification program. They were looking for a $100,000 investment in exchange for a 20% stake in the dancing company they built from scratch. In the process the Blanks became homeless as a result of trying to finance their company on their own.
It appeared (at least too me) that the great martial artist had a problem with his Son dancing for a living and refused to help his own Son.
Billy Blanks Jr. Turns Down The Sharks Offer
Daymond John already has a strategic partner with Zumba and thinks that the Billy Blanks Jr. dancing program would make a great fit. John along with Mark Cuban offer the Blanks $100,000.00 but they want 50% of the entire business along with all DVD sales. One of his main concerns that was part of a deal being completed was if Billy Banks Jr. could even use his own name that is has already been branded by his dad. (Imagine That) Mark wants in on the deal purely for his distribution contacts and the fact he loves too dance as seen on Dancing With The Stars.
Billy Jr. gets the impression that Daymond and Marks offer will dilute his brand he has been trying to build with every ounce of energy he has. He almost seems afraid if Zumba gets involved the "Dance with Me Videos" will just be another DVD and will get lost in the crowd. Mark and Daymond try to explain a deal with Zumba is for distribution purposes only and will help build his Brand. Billy and Sharon end up walking away from a deal with the Sharks rather then risk a part of the negotiations I don't think they quite understood.
Daymond John knows they are about (actually already did) to blow a huge opportunity that will drastically build the Billy Blanks Jr. Brand. John actually walks out of the Shark Tank and convinces the Blanks he really does have their best interest at heart and the Billy Blanks Jr. Brand will stand on it's own. After an emotional few seconds the Blanks agree on a deal with both Daymond John and Mark Cuban.
Daymond Johns twitter account exploded with new followers and new fans across the globe after he exposed that even Sharks have a heart and some of them are pure gold!
Billy Blank's Jr. After the Shark Tank Update
The deal with Billy, Sharon, Daymond and Mark Cuban did indeed get signed and they got the $100k they needed to continue building the Billy Blanks Jr. Brand. As promised, there is no mention on the Zumba Dancing Site about the Billy Blanks Jr. workouts, but they still might be involved with distribution which was part of the original negotiations.
The Billy Blank's Jr. Brand did strike a deal with Lionsgate Entertainment which is a huge distribution company that anyone would love to be associated with. They are the most successful television and independent film distributors in the entire country and they are now showing Billy's video's on television a regular basis.
By the looks of the Meet The Blanks Media page, Billy and Sharon have been featured on, well I wouldn't even know where to begin. Clearly the media loves these two and sure has been giving them an enormous amount of good publicity. The fact that Billy said they were homeless for a period of time while getting his Brand recognized, really hit home for a lot of people and did show Billy and Sharon's commitment to succeed no matter what. There was very little said about this during the Shark Tank Show but I did find this article where Billy explains the lengths they went through to disguise their lack of finances. I bet they wouldn't trade those memories for anything.
This is definitely a Great Success Story that has the potential of being the highest selling exercise video's in history. The all time record is still currently held by his own dad, Billy Blanks.