The 14th season of ABC’s Shark Tank launched” The 14th season of ABC’s Shark Tank premiered live on Friday night, and it ended with an offer unlike any other. Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John, and Kevin O’Leary were joined by a studio for the first time ever.
For one night only, home viewers were invited to weigh in on whether our Sharks should take the plunge and make an investment. The audience was given the opportunity to hear pitches from aspiring entrepreneurs in their raw, unedited form. For one night only, home viewers were invited to weigh in on whether our Sharks should take the plunge and make an investment.
The 14th season of ABC’s Shark Tank Participants
- PITCH NO. 1: COMPOSTABLE UNDERWEAR | Jeff and Stacy Grace seek $200,000 in exchange for 5% of their company when they first enter the Shark Tank.
Kent is the creator of the first compostable underpants in the world. Despite expecting to make $500,000 this year, they valued the business at $4 million. Additionally, not in their favour Their environmentally friendly skivvies range in price from $20 to $24, which is more than the typical American can afford.
Live Shark Tank Daymond then exits, followed by Mark. Barbara makes them an offer of $200,000 for 20% of the business, but this greatly lowers their value. Robert then asks the studio audience to raise their hands to indicate how frequently the typical American purchases new underpants.
During the commercial break, ABC then makes the polls available for home viewers to cast their votes. Robert makes the pair an offer after seeing the results: $200,000 for 15%. When Lori accepts that offer, Daymond steps back in and makes the same one. Daymond’s offer is accepted by Jeff and Stacy because they came in hoping to work with him.
- PITCH NO. 2: BABY BOOGER PICKER Sina and Nina Farzin go into the Tank looking for $400,000 for 5% of their business
Oogiebear is a product brand that makes it easier for kids and adults to breathe. Although they value it at $8 million, they have the sales to support it. They have earned more than $15 million since 2015. They expect to make $1 million in profits and $5.4 million in sales this year alone.
Live Shark Tank Kevin interrupts Nina to strike a bargain. He claims that, contrary to popular belief, he does not represent a nose picker. He, therefore, makes an offer of $400,000 for 10% of the business. After Daymond taps out, Lori enters. But first, we have our second viewer survey before she makes them an offer and she shows the survey.
The fact that Lori makes an offer of $400,000 for 10% of the business but only if Mark agrees to invest with her clearly shows that the outcomes have no bearing on her choice. They increase the equity to 12 percent, and Barbara then makes an offer of her own: $400,000 for 10%, plus a promise to return half of their own if she can’t increase sales to $400 million in two years. Barbara and Robert increase their offer to $600,000 for a 10% stake.
- FOLDING PIZZA CONTAINER | Tate Koenig, He demands $100,000 in exchange for 10 of the business.
The Pizza Pack is a collapsible pizza storage container that can hold a single slice of pizza or an entire pie. It comes with five divider trays that not only keep slices separate during storage but also serve as microwaveable pizza plates. Tate Koenig, who made an appearance in Season 12 but left without a deal for the Cheese Chopper, makes a comeback with the Pizza Pack. The whole pie can also be heated up at once in the container. It costs $4 to produce each pack, which he then sells for $24.99. He has made more than $250,000 in sales in just five months.
Mark wants the entire pie; he isn’t content with a piece of the business. He, therefore, instructs Tate to consider the price of an outright purchase of his company as they enter the final commercial break. Following the break, Tate makes a $5 million demand, which Mark deems absurd but advises Tate to consider till he hears from the other Sharks.
In the end, Mark makes him an offer for the Pizza Pack of $1.5 million, but Tate refused the Tank and resolved to cooperate with Lori. Daymond accepts Lori’s offer of $100,000 for a 13 percent stake after rejecting Mark’s and Kevin’s bids.
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