Shark Tank Master Thread, Episode Discussion

[MJ DeMarco]

I figure it's about time we started a master SHARK TANK discussion thread to discuss the latest episodes of Shark Tank. We can use this thread to discuss the episodes versus opening a new one on every episode which sometimes happens.

Tonight was the season premiere and there was definitely some "huh?" businesses with some "Are you f*n kidding me?" valuations.

I thought the mobile charger idea was horrible as did rest of the sharks. What did you guys think?

 

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[AlterJoule]

LOL Don't get me started on the chargers by Amber...$2000 outright or lease options baby!!!

 

[codo3500]

I figure it's about time we started a master SHARK TANK discussion thread to discuss the latest episodes of Shark Tank. We can use this thread to discuss the episodes versus opening a new one on every episode which sometimes happens.

Tonight was the season premiere and there was definitely some "huh?" businesses with some "Are you f*n kidding me?" valuations.

I thought the mobile charger idea was horrible as did rest of the sharks. What did you guys think?

I'm the kind of person that has struggled with the issue they're solving, so I feel the pain (being an iPhone 5 owner). But in saying that, it just doesn't make business sense, and as Robert said, the technology just isn't reliable enough.

 

[Vigilante]

Haven't watched last night's season premiere yet but should get to it some time today.

 

[MattCour]

I loved the story behind the very first presenters with the baby sleep gear. Any parent knows that idea solves a really painful problem. I will 100% be a buyer for my next child!

 

[RHL]

Haven't watched last night's season premiere yet but should get to it some time today.

Yeah, I saw this thread at 2AM right when I finished editing for the night and I was like yeaaaaaaaaaah, I want to, but it's not happening. I'll report back soon.

 

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[MJ DeMarco]

Don't get me started on the chargers by Amber...$2000 outright or lease options baby!!!

Yea, a bar owner will never spend $2,000 on something that won't directly impact the bottomline, and even "indirectly" it's a stretch. The need exists, but the solution/business model was a miss.

 

[TurksScuba]

I figure it's about time we started a master SHARK TANK discussion thread to discuss the latest episodes of Shark Tank. We can use this thread to discuss the episodes versus opening a new one on every episode which sometimes happens.

Tonight was the season premiere and there was definitely some "huh?" businesses with some "Are you f*n kidding me?" valuations.

I thought the mobile charger idea was horrible as did rest of the sharks. What did you guys think?

I really thought it was impressive on the 2 girls who did the kids toy setup. They had secured sales deals through multiple massive toy distributors, got 500k for 5% and had Mark and Lori on board. Pretty impressive.

As I am a golfer (not very good one), thought those guys had a pretty sweet putter to, was more impressed when both guys started talking Japanese right there and ended up doing the deal.

 

[MJ DeMarco]

As I am a golfer (not very good one), thought those guys had a pretty sweet putter to, was more impressed when both guys started talking Japanese right there and ended up doing the deal.

The cultural obstacles in Japan were also interesting to note... how his fiance's parents no longer approve of him because he quit his job and went after his dream. And yea, the putter looked damn impressive, including the demonstration on it's balance. I have faith these guys will get it done.

 

[Joe Cassandra]

I thought the fingerprint idea to open the chargers was good, but as Robert said, if it malfunctions and it's your phone stuck behind the glass wall, you'll be mega-pissed. I felt bad when Lori said, " I'm actually doing something in this area and it's light years ahead of this," kind of jerkish thing to say.

I was impressed with the girls toys' thing, definitely the more we can pry kids away from electronics and using their hands and mind the better. Nowadays most parent just give the kid their phone to shut them up (as a Samsung commercial which played a bunch during the episode exhibits) the toy industry is tough so good for them going after it and when living in Silicon Valley, they're doing a non-tech business which they probably get scoffed at for.

 

[MJ DeMarco]

I was impressed with the girls toys' thing

Yup, the ladies were really impressive and Cuban saw it as well. Cuban was really more invested in the women, than the business. He knows winners when he sees them.

 

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[AubreyJ]

I really thought it was impressive on the 2 girls who did the kids toy setup. They had secured sales deals through multiple massive toy distributors, got 500k for 5% and had Mark and Lori on board. Pretty impressive.

Agreed- and I thought that Barbara was really pretty harsh when saying that the girls didn't "stay true" to their original purpose. I really liked the product, and liked them

I thought the fingerprint idea to open the chargers was good, but as Robert said, if it malfunctions and it's your phone stuck behind the glass wall, you'll be mega-pissed. I felt bad when Lori said, " I'm actually doing something in this area and it's light years ahead of this," kind of jerkish thing to say.

Yeah, but it's true. Like Robert said, they are creating a $2000 product, and it's biggest competition is something that's free. Those guys needed harsh, because their product just wasn't that good.

 

[Phones]

The baby product will easily become one of the bestselling ones of Shark tank, it solves a BIG PAIN, it is light, easy to ship, and an awesome product for word of mouth, specially in the stay-at-moms niche. Really genius.

The toy girls have a great product, and they were able to swim all the way up in a saturated and highly competitive market (I don't recall any other product coming on board and saying, "Hey, we are already in a shitton of the major stores".

 

[AllenCrawley]

I immediately thought of http://www.goldieblox.com/ when I saw Roominate product.

The baby snuggie will likely be the biggest hit from those two episodes.

 

[Y.B.]

Anyone know where to watch these online?

 

[Phones]

Anyone know where to watch these online?

I won't link here on TMF, just google "free project tv shark tank"

 

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[Spacecake]

I don't know if i'm just being sentimental, but I think HAMMER & NAILS was a BIG miss by the Sharks!!

 

[fasteddienc]

Anyone know where to watch these online?

They are up on itunes and you can buy the season for either $14.99 or $19.99 if you want HD. As always someone has posted it on youtube if you search for season 6 sharktank.

 

[AllenCrawley]

"TMZ spoke with the Kronos Golf founder who tells us he had to keep the good news under wraps since the episode was shot back in June -- but now that it's aired ... he's put the clip in an email to Mariko's parents.

He's waiting for them to wake up in Japan to get the news he's bigtime now.

If the in-laws are impressed ... he says Mariko should be stateside soon."

Read more: http://www.tmz.com/2014/09/27/shark...apan-kronos-contract-gag-order/#ixzz3EYsWSfC6

 

[Vigilante]

I am personally familiar with several of the businesses in various stages of start up to execution here on the forum. An interesting sidenote for all of you is that I see more promise in a few of the businesses that I am familiar with privately here from the forum than I did on the season premiere of shark tank.

I wonder why the guy from hammer and nails needs investors? If he is as well known in the African-American community as he says he is, and if he has generated as much revenue in his past as he says he has… Why does he need $200,000?

 

[Vigilante]

The phone charger guy saying on national television that he wanted to punch Robert in the Teeth was over the top. Note to self, if you want investors… Keep your emotions in check.

 

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[Guest12120]

The phone charger guy saying on national television that he wanted to punch Robert in the Teeth was over the top. Note to self, if you want investors… Keep your emotions in check.

That's just a confirmation that they made a good decision not investing in their product. What a jerk!


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[Turner]

I don't know if i'm just being sentimental, but I think HAMMER & NAILS was a BIG miss by the Sharks!!

Great guy and loved his story. I liked the idea but think it would only succeed if he incorporated haircuts into the service.

The phone charging idea was ridiculous. I don't see people locking away their phones while out. They want to text to find the next bar, show photos... Maybe if they rented out portable, lightweight chargers that patrons could use. Walk away with it and your CC is charged.

Great pitches with the baby sleep wear and the two young women engineers.

 

[Vigilante]

The greatest was that the guy forgot his phone. Exactly what would happen in a bar. And nobody gives their phone to the bartender to charge. That's what you get when you attempt to solve a problem that doesn't exist.

Sadly though, Robert was wrong. He got taken if he thought he needed to spend $50k on a single access biometric control system. The technology is much improved, and a single biometric door access system can be completed for less than a grand including installation. However, it makes no difference to the boneheads with the mobile charging system. Robert's summary (or someone's?) was awesome... you created an elegant system to compete against Free service providers.

But... their mom... told them their idea was brilliant! This is exactly why you can't listen to friends and family tell you how smart you are. It made so much sense in their business class though.

 

[Vigilante]

I don't go to nail salons. No guy I know goes to nail salons. That's not going to change because you call it Hammer and Nails.

You could call it "the coolest man cave in the country with free beer and half naked women" and guys still are not going to go there to pay for an emery board to their toenails.

Pass.

 

[smarty]

Hammer and Nails is such a ridiculous idea, it's unbelievable. Turning men into women. Essentially a transgender salon.

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[codo3500]

Hanner and Nails is such a ridiculous idea, it's unbelievable. Turning men into women. Essentially a transgender salon.

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I don't think it's a horrible idea, he's cutting even, he'll make money in a year. It's nicely branded, and a quality experience, but he needs to upsell like crazy, or he'll go nowhere. I personally would use a service like his if it was in my city.

 

[LOYD]

That Amber charger was a nice idea in theory, but the execution was bad. I don't know what bars or clubs he's been to, but I've never seen anyone give their phones to the bartender to charge it. And I totally agree about the issues with getting the phone out of the box. The possibility of long lines, the sensor not working on the first try, someone being sloppy drunk and getting the box messy. Not only does the concept need work, so does their attitudes. They were the prototypical "the people around us think it's great so it is" type of entrepreneurs.

I definitely feel for the Kronos guy. I've personally experienced the cultural backlash from starting your own business vs playing it safe and going down the slowlane.

And that baby swaddler is going to become the biggest seller in Shark Tank history surpassing the Scrub Daddy. They addressed probably one of the biggest needs for parents which is finding ways to avoid the late night wake ups.

 

[Vigilante]

I think there are a lot of baby sleepers out there. We literally had a similar product for our kids 20 years ago. I was not sure quite what was different/protectable/patentable about it. Hated the name also. Damon will likely have them change the name.

 

[DeletedUser394]

So much drama on that show.