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Old 11-20-2012, 10:30 AM   #1
pmyers
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Shark Tank OAD 11/162012

I was absolutely amazed at the Update segment that had Mr. Wonderful in relaxed clothes (a white linen shirt with a bunch of bracelets and stuff) and him JAMMING out on the guitar...wow.
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Old 11-20-2012, 10:49 AM   #2
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That looked like a total act of him trying to be cool (and failing). I'm not a guitar player, but to me it didn't look like he could really play at all.

The RUCKPACK, the dress rental and Netflix for Ties pitches were all total non-starters.

I liked the wine cruise idea, although their business model needed tweaking (too expensive for existing captains/boat owners),but a great idea to use otherwise idle resources. But a Corks Away ride in Vegas? They've been smoking too much.

If I hear one more "It's Netflix for XXX" I'm going to strangle someone. The "Netflix for kids toys" was a total flop.
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Old 11-20-2012, 10:55 AM   #3
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...If I hear one more "It's Netflix for XXX" I'm going to strangle someone. The "Netflix for kids toys" was a total flop.
I agree....I think that business model only works for movies and games. Is there another example of another product that uses that business model that is succesfull?
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Old 11-20-2012, 11:20 AM   #4
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I agree....I think that business model only works for movies and games. Is there another example of another product that uses that business model that is succesfull?
rent a swag®*

*
Spoiler:
from parks and rec (another show) for those who don't get the reference



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Old 11-20-2012, 11:39 AM   #5
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At least the Rucksack was a different twist on the energy shot market.
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Old 11-20-2012, 12:22 PM   #6
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The RUCKPACK, the dress rental and Netflix for Ties pitches were all total non-starters.
.
The dress rental and RUCKPACK are good niche ideas but the Sharks like products that have a wider application. The dress rental could widen into high end ball gowns, I am surprised how much parents are willing to spend on a dress for their daughters prom.
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Old 11-20-2012, 12:34 PM   #7
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The dress rental and RUCKPACK are good niche ideas but the Sharks like products that have a wider application. The dress rental could widen into high end ball gowns, I am surprised how much parents are willing to spend on a dress for their daughters prom.
I agree that the wedding dress rental is niche and NYC is probably the PERFECT place for that business....but I thought the Ruckpack could have mass appeal. Caffine in energy drinks/shots is a big debate right now and one that had ZERO caffine could prevail.
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Old 11-20-2012, 12:42 PM   #8
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The dress rental and RUCKPACK are good niche ideas but the Sharks like products that have a wider application. The dress rental could widen into high end ball gowns, I am surprised how much parents are willing to spend on a dress for their daughters prom.
Maybe, but the 50% hit for renting a dress is too steep. Buy it for full price, and get 50% back the next day? I don't think so.
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Old 11-20-2012, 12:48 PM   #9
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Maybe, but the 50% hit for renting a dress is too steep. Buy it for full price, and get 50% back the next day? I don't think so.
I don't think they sell it as full retail since its on consignment anyway. You could look at it as 50% of what you bought or 50% more than letting it sit in storage.
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Old 11-20-2012, 12:53 PM   #10
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Yes, I think it will appeal to some people, but not enough to make a business out of it. They're not the first business to do wedding dress consignment. Their business was more "we'll sell it to you for full price, then you have the option of selling it back for 50% of what you paid if you choose not to keep it".
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Old 11-20-2012, 05:13 PM   #11
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I checked out the wedding dress web site. They had a pretty nice selection, but I was shocked that one of the descriptions said: "will need to be professionally cleaned".

I can see someone buying a used dress, but a used DIRTY dress? I don't think so.
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Old 11-20-2012, 05:38 PM   #12
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I'm tired of the Sharks whining to people who bring in businesses that are in the early stages. If they don't want to take risks with their money then they should sit at home and buy T-Bills. Sure, many of the ideas are bad or too niche, but some entrepreneurs are denied for no reason other than "it's too early." You don't get where Mark Cuban and Mr. Wonderful are without taking big risks early on.

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I can see someone buying a used dress, but a used DIRTY dress? I don't think so.
Yeah that sounds like a waste of time. It seems like they should require the dress to be cleaned before it goes on consignment.
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Old 11-20-2012, 05:52 PM   #13
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I'm tired of the Sharks whining to people who bring in businesses that are in the early stages. If they don't want to take risks with their money then they should sit at home and buy T-Bills. Sure, many of the ideas are bad or too niche, but some entrepreneurs are denied for no reason other than "it's too early." You don't get where Mark Cuban and Mr. Wonderful are without taking big risks early on...
The problem is, that these people either come in wanting hundreds of thousands of dollars on a prayer or want a $30k "loan" which isn't even worth the Shark's time.
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Old 11-20-2012, 06:42 PM   #14
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I checked out the wedding dress web site. They had a pretty nice selection, but I was shocked that one of the descriptions said: "will need to be professionally cleaned".

I can see someone buying a used dress, but a used DIRTY dress? I don't think so.
But its full of memories...
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Old 11-20-2012, 07:28 PM   #15
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I blame the producers. If the Sharks don't want people who are too early in their businesses, then the producers should stop putting them on the show.
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Old 11-20-2012, 09:10 PM   #16
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exactly.. .whoever is responsible for the pre-screen is really bad at it. Bring in companies that are successful, have SOME sales, but need a B round of funding. Then the sharks will be jumping at every deal, and not humiliating small business owners just getting started.
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Old 11-20-2012, 09:10 PM   #17
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I actually liked the one-run show "American Inventors" a lot better.
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Old 11-20-2012, 10:07 PM   #18
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The problem is, that these people either come in wanting hundreds of thousands of dollars on a prayer or want a $30k "loan" which isn't even worth the Shark's time.
I find it funny that sometimes the Sharks act very interested in being active in the business they're buying a stake in and other times they act as if they don't want to provide that part of it at all. At least Kevin is usually very upfront about it, like "I want to be your financier" or "I will help you sell your company/license your technology to X."

I don't know why, but I feel like Barbara is the only one who will actually act as a mentor. I think the other guys are too busy to really bother, but they'll pop in for 30 minutes to film a little update montage. Lori will get stuff on QVC and let it sink or swim there.
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Old 11-21-2012, 04:43 AM   #19
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Barbara seem to have a whole business "mentor" model. It seems like she has a team that she sticks people with when she invests in them. Good idea.

The Netflix for ties was also on a recent episode of the League.
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Old 11-21-2012, 09:28 AM   #20
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As much as I like Robert....they really need to look at replacing him. He makes a great moderator but I think I can count on one hand how many times he's invested and most of those have been as part of another Shark.

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Old 11-21-2012, 09:29 AM   #21
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I'd get rid of both Kevin and Robert. They're both Canadian imports from "Dragon's Den."
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Old 11-21-2012, 09:37 AM   #22
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I'd get rid of both Kevin and Robert. They're both Canadian imports from "Dragon's Den."
wait...do I have them confused? Kevin is the one who sits on the end, right?
Robert = Mr. Wonderfull? Or do I have that backwards?

I meant get rid of the guy on the end. I love Mr. Wonderfull
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Old 11-21-2012, 09:41 AM   #23
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wait...do I have them confused? Kevin is the one who sits on the end, right?
Robert = Mr. Wonderfull? Or do I have that backwards?

I meant get rid of the guy on the end. I love Mr. Wonderfull
You have them confused. Kevin = Mr. Wonderful.
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Old 11-21-2012, 09:41 AM   #24
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Kevin is Mr Wonderful. Robert is on the far end.
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Old 11-21-2012, 10:43 AM   #25
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Yeah, Robert is very logical but never invests.
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Old 11-21-2012, 11:55 AM   #26
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I don't understand the wedding dress thing. Women are all kinds of different sizes. When you tailor a dress you can't always save all of the material for re-use. So do they only sell certain dress sizes? I have friends who bought second-hand dresses but they are all tiny humans.
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Old 11-26-2012, 09:36 PM   #27
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Looks like the NBA signed a licensing deal with those "energy bracelets" that were once on Shark Tank. Here's what Mark Cuban thinks of them:

Mark Cuban slams the NBA for sham energy bracelet licensing deal



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Old 11-26-2012, 09:40 PM   #28
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Looks like the NBA signed a licensing deal with those "energy bracelets" that were once on Shark Tank. Here's what Mark Cuban thinks of them:

Mark Cuban slams the NBA for sham energy bracelet licensing deal


I totally agree. And I applaud Cuban for putting his money where his mouth is, but literally and figuratively.
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Old 11-26-2012, 10:52 PM   #29
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If I hear one more "It's Netflix for XXX" I'm going to strangle someone. The "Netflix for kids toys" was a total flop.
My comment isn't about wanting to strangle someone, I'm just amazed how big of a meme this has become.. "Netflix for …"

While obviously they were the one that became big at it, there had to be SOMETHING doing this sort of thing before Netflix, right? (Sharing books or something?)

Oh, and the tie company WAS ON Who Wants to be a Millionaire as a question a few days after this. So apparently they're already well known?!?!?
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Old 11-26-2012, 10:55 PM   #30
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I'm pretty sure Netflix was the first online company to offer a "keep it as long as you like" and a "x out per month" type of plan. Everyone else was on a time-rental basis.
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