Shark Tank Episode #418 Update
|Donny Mccall fighting to keep jobs here in|
We also have the have a few young Entrepreneurs that have the President of the United States giving his approval on a new devise that will help save lives.
We also have a very emotional pitch for a new business that wants to bring Therapy sessions right into your own home that's sure to be a multi-million dollar business in the near future. Ah yes, we can't forget about those S'more's that I think just about everyone loves when in the Great Outdoors. Shark Tanks featured Update is about a product that the inventor refused to have manufactured outside the U.S. and as a result it cost him from making a deal with the Sharks.
Gotta have S'mores is a creative way to make S'more's inside a muffin and call it a S'Muffin. Carman Linder walked into the Shark Tank looking for a $75,000.00 investment for a 25% stake in this delicious new desert. With over $250,000.00 in sales just in the L.A. area within the last 2 1/2 years. Unfortunately Carman did not get a deal, but the phone started ringing off the hook shortly after the show aired, and I do believe after this Friday Night she will again be as busy as ever.
The Smart Wheel Update
The Smart Wheel was invented by 6 young entrepreneurs that call themselves the Inventioneers. The Inventioneer's ages range from 12 to 18 years old from Londonderry, NH. They came into the Shark Tank looking for $100,000.00 investment for a 15% stake in The Smart Wheel that keeps teenagers from texting while driving. In the end, it was a tough sell to get a Shark to bite, but Robert Herjevic and Mark Cuban do give them the $100,000.00 for a 30% stake in The Smart Wheel Invention.
How Do You Roll Sushi Update
HDYR Sushi was started by two brothers Peter & Yuen from Austin, TX that lets you make your own sushi rolls. With 40 franchises already sold where they collect a 7% royalty fee the future looks bright indeed. All the Sharks go out leaving Mr. Wonderful that sees dollar signs with so many successful franchises already in place. Son of a gun if he offers them a million dollars for a 22% stake in the sushi business. I got the feeling it was not because of a strategic move more then it was more of O'Leary just wanting to play the Banker. Either way the two Brothers make a deal with Kevin for the million dollars but for only a 20% stake in the HDYR Sushi Business.
Pretty Padded Room Update
Pretty Padded Room was started by Bea Arthur for a place to vent online while talking to a Licensed Therapist. It's a clever idea to bridge the gap between brick and mortar therapy sessions and bringing them online for more convenience to her clients. Bea only did $7500 the first year and is on track to do $21,000.00 the second year in business. The lesson of not knowing your numbers inside out before going in front of the Sharks was once again learned as the Sharks really tore into her. In an interview after the Shark Tank, Bea said the experience was actually a lot worse than the edited version we all saw on T.V. This very motivated entrepreneur picked up the pieces and went right to work to prove the Sharks were wrong about her and her new business. She did get an investment by another Angel Investor watching the show and needed to hire dozens of Therapist's to keep up with the demand after the airing. Her initial $21,000.00 goal for the year was most likely accomplished within a few weeks as thousands of people "Got It" and are now getting therapy inside the Pretty Padded room. By the looks of all the comments left on the Shark Tank success Blog, it looks like Bea will be very busy for a long time to come.
Invis-A-Rack owner Donny McCall from Sparta, NC, did not get a deal in Season 3 because he didn't want his invisible truck rack to be manufactured in China or anywhere else other than the United States. The power of the Shark Tank Show once again prevailed and a manufacturer in Iowa got a hold of Donny shortly after the show. They closed a deal where Dee Zee is now manufacturing the Invis-A-Rack here in the USA and is now available for sale.