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Shark Tank 10-12-12

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5.7K views 34 replies 16 participants last post by  Hank  
#1 ·
I'm surprised that woman went with Daymon after Lori threatened to take her offer back. Lori was willing to write a check right then and there (she did that before).

The way it usually works is that after the deals are made, each side does due diligence, negotiates the contract, and the deal often falls through. Here, if the deal fell through she could have still kept the money.
 
#2 ·
Look at what my T-Mobile Phone can do! The producers are now planting ads in the pitches? Lame.

I don't blame pillowcasedress mom for going to Daymond. That was a lousy play by Lori while she was trying to think everything over. I think she made the right choice anyway. If you're selling clothes and Daymond gives you an offer, you should take it.

How do things like cold rubbery caffeinated waffles ever get to this point? I mean that one wasn't even funny bad, it was just bad.
 
#3 ·
Look at what my T-Mobile Phone can do! The producers are now planting ads in the pitches? Lame.
I know! I noticed that and rolled my eyes.
Felt just as forced too as the lame way they cram ads for Skype or Subway into an episode of Pawn Stars. Completely lame.

Man, I really wanted the pillowcase lady to pit them against each other. Argh. Just politely say, "Well, you both have unique positive qualities to bring to the table, so the first one of you who is willing to take 25% equity and not 30%, I'll go with you." Then see if you get a bite, but do it nicely so you don't kill off one of the potential sharks.

That waffle idea was dumb. I eat these incredible candies called Shock-A-Lots that are essentially chocolate-covered coffee beans where a small bag is the equivalent of two cups of coffee. Better idea. Or, if you want a breakfast thing, make it a danish or something. A waffle? Who wants to heat up something, etc.

I think Lori got scammed on that spray vitamin deal. Mark Cuban was dead-on right sniffing out a scam in my book. And a buyback option for them if it really takes off? Stuuuuuupid.
 
#4 ·
I sometimes get frustrated with the producers. It is obviously a cast show. So they are trying to make the best show, not necessarily putting forth the best products.

On the other hand, I understand the producers get 5% of any company that goes on the show.
 
#5 ·
Yeah, you can read a bit more in this article:

Passing Up the Opportunity to Appear on ‘Shark Tank’

While many entrepreneurs would give their left toe to be on this show, Mr. Tice and Ms. Hadeka declined. And they did so for an intriguing reason: In order to proceed, they were required to enter into an agreement with Finnmax, the showÂ’s producer, that would have given Finnmax the option either to receive a 2 percent royalty on the operating profits of the company or take a 5 percent equity stake.
http://boss.blogs.nytimes.com/2012/09/19/passing-up-the-opportunity-to-appear-on-shark-tank/
 
#11 ·
Does anyone else feel like cheering whenever the opening credits show that Lori Greiner will be one of the Sharks, and hence no Barbara Corcoran?

More and more, I find Barbara to be nasty and condescending to more than her share of entrepreneurs, whereas Lori comes across as a genuinely decent person.
I like Barbara. She is a better fit for those products that need more help getting off the ground. Barbara would probably take a chance on the lady that had the specially-made spatulas.
 
#12 ·
I find it a bit amusing that Mark Curban is probably 10x+ more wealthy than all of the other "sharks."

If you didn't know, the show is based on an international show called Dragon's Den. It was on in Canada for years, and it starred both Kevin O'Leary and Robert Herjavec as two of the Dragons (Sharks).

Both Kevin and Robert are Canadian. I'd like to see them replaced with Americans. I'd like to see Mark Zuckerberg on there.
 
#13 ·
Both Kevin and Robert are Canadian. I'd like to see them replaced with Americans.
Yes, that would be good.

I'd like to see Mark Zuckerberg on there.
Oh, god, NFW! He's not a shark... he's an arrogant tool that started one business which he admits he didn't ever want to be a "business". He's not interested in starting other business, nor does have any entrepreneurial experience except for ONE business he stated in college. Entrepreneurship requires a significant amount of risk taking AND failure... Zuck has neither.

Just because he has a lot of money does not make him a shark.
 
#14 ·
I find it a bit amusing that Mark Curban is probably 10x+ more wealthy than all of the other "sharks."

If you didn't know, the show is based on an international show called Dragon's Den. It was on in Canada for years, and it starred both Kevin O'Leary and Robert Herjavec as two of the Dragons (Sharks).

Both Kevin and Robert are Canadian. I'd like to see them replaced with Americans. I'd like to see Mark Zuckerberg on there.
Wait, what? Uhh....I wouldn't.
Zuckerberg is a d-bag and his personality is terrible for TV.

I think a perfect guy for the show would be someone like Steve Wozniak.
Not only would he have $$$ and brains, he has a great personality and judging by his size he might have been the perfect match for a business like the online ice cream company on the last show. :D

P.S. If Mark Burnett were to ever get Trump to join the show since they both do The Apprentice, I'll instantly say "I'm out" from future episodes of Shark Tank.
 
#15 ·
I think a perfect guy for the show would be someone like Steve Wozniak.
Not only would he have $$$ and brains, he has a great personality and judging by his size he might have been the perfect match for a business like the online ice cream company on the last show. :D
+1000!

Wait, what? Uhh....I wouldn't.
Zuckerberg is a d-bag and his personality is terrible for TV.
+10000000000000000!
 
#19 ·
Fine, not Zuckerberg, although I think he'd make for good TV. That's what the producers want - is good TV.

If they wanted to, they could only put through people with great products that they know will get offers. But they purposely put through some crazy ones too, because it's entertaining.

I'm getting a little bored with all of the mothers who thought up things for their children.
 
#20 ·
I like Barbara. She is a better fit for those products that need more help getting off the ground. Barbara would probably take a chance on the lady that had the specially-made spatulas.
I recently saw something like that spatula on the news. It was one of those segments where they showcase new items. I can't remember the name, but it was in two sizes, and available in at least one store. But, which one I don't know.
 
#21 ·
Does anyone else feel like cheering whenever the opening credits show that Lori Greiner will be one of the Sharks, and hence no Barbara Corcoran?

More and more, I find Barbara to be nasty and condescending to more than her share of entrepreneurs, whereas Lori comes across as a genuinely decent person.
YES! Can't stand Barbara and Lori is a total MILF who I think has her stuff more together and is way better connected than Barbara.
 
#22 ·
I recently saw something like that spatula on the news. It was one of those segments where they showcase new items. I can't remember the name, but it was in two sizes, and available in at least one store. But, which one I don't know.
I thought it was a bad idea to try to sell the spatulas to cosmetic companies like Mary Kay and Avon. They have no incentive to help customers get every drop out if the bottle. Their financial incentive is to have the customer have to buy more product sooner.
 
#23 ·
If you watch the British version of Dragon's Den they would often show many of the pitches from the start without editing. You get to see how nervous people are and how much they really stumble out of the gate, etc. It makes for interesting TV.

The US version is far more polished and slick with it's editing, which can be good or bad depending on how you look at it.
 
#24 ·
That waffle idea was dumb. I eat these incredible candies called Shock-A-Lots that are essentially chocolate-covered coffee beans where a small bag is the equivalent of two cups of coffee. Better idea. Or, if you want a breakfast thing, make it a danish or something. A waffle? Who wants to heat up something, etc.
Totally agree. The innovation is to have the energy formula in a food rather than a drink. Why is he also trying to create an entirely new product category (convenience-store waffles) rather than simply putting his energy formula into a snack food that people have already shown an interest in purchasing? What's wrong with an energy candy bar or a pack of energy chips?
I think Lori got scammed on that spray vitamin deal. Mark Cuban was dead-on right sniffing out a scam in my book. And a buyback option for them if it really takes off? Stuuuuuupid.
There was nothing wrong with the buyback. If it takes off, she gets 4x on her money for half her investment, and gets 10% equity in the company for the other half of her investment. Seemed like a great deal for all involved. And Cuban was totally wrong on that. He may not like the vitamin/supplement industry and may think all these products are scams, but what he was failing to recognize is that this industry makes many billions every year, and there are constantly new companies introducing products and making it big, so this was actually a decent product.

I think the biggest product with that pitch was them continually saying that 100-150 million people in the US can't swallow pills. That just reeked of pure BS.
I thought it was a bad idea to try to sell the spatulas to cosmetic companies like Mary Kay and Avon. They have no incentive to help customers get every drop out if the bottle. Their financial incentive is to have the customer have to buy more product sooner.
I thought the exact same thing. I'm sure these companies do a lot of research to figure out the best way to make their packaging seem attractive to the consumer while promoting the most waste possible. Leave more in the bottle means the consumer buys more. There's no way those companies would want to market a product like the Spatty.

I thought Lori was a little short-sighted on this one. Why couldn't she sell a 10-pack for $29.99 + S&H. I'd think that would be huge on QVC.
 
#25 ·
If you watch the British version of Dragon's Den they would often show many of the pitches from the start without editing. You get to see how nervous people are and how much they really stumble out of the gate, etc. It makes for interesting TV.

The US version is far more polished and slick with it's editing, which can be good or bad depending on how you look at it.
I like that about the British version, but unfortunately I can't get past the obnoxious use of the narrator. He adds at least sixty seconds of obvious talk to pad out each presentation. "Shark X just said Y. Now let's see what Shark Z is going to say." Is it simulcast on radio or something?
 
#26 ·
There was nothing wrong with the buyback. If it takes off, she gets 4x on her money for half her investment, and gets 10% equity in the company for the other half of her investment. Seemed like a great deal for all involved. And Cuban was totally wrong on that. He may not like the vitamin/supplement industry and may think all these products are scams, but what he was failing to recognize is that this industry makes many billions every year, and there are constantly new companies introducing products and making it big, so this was actually a decent product.
They likely would agreed to the deal without the buyback option. It was thrown in toward the end, (then again, who knows via editing) and Lori was the only shark in play. Yes, they could have walked away without a deal at all, but I didn't get that vibe at all when she was giving them the $250k they needed. The buyback simply caps her potential gain. For you and I the buyback seems logical, because that's a lot of potential $$$. But when you're already a multi-millionaire, the buyback to me is a horrible play with the dollar amount we're talking about.

I like that about the British version, but unfortunately I can't get past the obnoxious use of the narrator. He adds at least sixty seconds of obvious talk to pad out each presentation. "Shark X just said Y. Now let's see what Shark Z is going to say." Is it simulcast on radio or something?
I'm with you there. That narrator on the British version is not only cheesy and annoying, but when they actually show him on-screen, I can't stop looking at his goofy/lazy eye. Weird!