By admin Someone wants a million dollars this week. Thinking about it, imagine if the money in Monopoly was real. Great, because in this Shark Tank episode, we don’t just dream about it – we keep statistics.
CLUTCH Glue
Every good throw is on Shark tank Australia it seems to start with a stunt. This was the case last week dropped Kindle. This week’s dress wardrobe with a shoulder strap broke down.
I was lucky that Annabel Hay, co-founder and CEO of CLUTCH, has some… um… CLUTCH Glue to reattach the shoulder strap.
This is an alternative to double-sided tape, a classic why-hasn’t-this-been-thought-of idea. He wants $200,000 for 10% of the shares.
Maxine Horne already says she needed it earlier because the tape on her spectacular leopard-print blouse is giving her a rash. Online fashion master Jane Lu loves it too.
Robert Herjavec worries about the pain if you have hairy legs and forgets to end his question with, “I’m asking for a friend.”
Annabel is a construction manager when she’s not selling glue. He works 16 hours a day – full-time in his daily job and full-time in the company. Something that many of you reading this will relate to.
The payoff is wild. Revenue was just under $1 million in its first year, and it expects to triple that amount this year. CLUTCH glue is currently sold at Priceline and will be available next month at CVS, America’s largest pharmacy chain. She guessed email addresses to make these mass contacts.
The figurines turn sharks into love-struck puppies, barking as if it’s time for a walk.
Nick Bell meets with the owner of a pharmacy chain, so he makes him an offer. Jane fits because she has connections in Asia, and Robert is happy to match.
Davie Fogarty says he’s ready to work with someone. So Annabel asks, “Who would you like to collaborate with?”
Ultimately, Davie and Rob put together an offer of $400,000 and 20% ownership… and she says YES!
ENAUTYKA
Founders Paul Steinmann and Joshua Cribb built the world’s first two-seat electric hydrofoil – boats that lift from the water using wings – and want $1 million for a 6% stake in their company.
“When the first jet foils came out, I bought one, the first one, yes, it was great fun.”
Of course, it’s Robert, who gives the impression of someone who loves and buys boats. It tickles him as pink as his sports jacket when they say he’s in “crazy mode.”
All vehicles should have a “crazy mode”.
The founders say the orders are worth millions of dollars. The boats will cost $140,000. Pre-sale or pre-sale? Wait, we have 160 pre-orders with a $100 deposit.
Sharks smell blood in these watery forms.
Davie calls this “deceptive” because pre-orders of $16,000 should not lead to $15 million in sales. Now we learn that other partners already own over 90% of the shares in the company.
Jane and Maxine are released on bail and Nick jokes: “$15 million worth of orders is basically Monopoly money. This isn’t real.”
Let’s imagine that Monopoly money was real again. If you dig out your old Monopoly and count the money, you’ll get about $15,140, which is about what ENAUTIC raised from pre-sales. There is something beautiful about this coincidence.
It’s almost as beautiful as Rob’s love for boats. He’s scared deep inside, so he wants to watch the movie again.
“You’ve made me crazy… but for me to get my money back, you’re going to have to pay out $200 million in profits.”
Rob is out on bail. The pitch goes down.
Taste Buby
Dr Mariam Chaalan and Dr Rob McLeod have developed a set of powders to introduce children to foods they may be allergic to. It’s better than feeding your baby peanuts outside the hospital, just in case.
The Shark Tank the judges love this name, as they should, because it’s brilliant. It’s incredibly difficult to come up with good company names, and these documents succeeded. 👏👏
Davie asks, “Can’t you just give the baby a peanut?” No, Davie. Many parents will prefer this.
Tech Nick doesn’t like that founders don’t quit. Jane left too.
Old School offers $250,000 for 75% ownership, but the doctors won’t take it.
Davie is offering $250,000 for 40% ownership plus $5 in royalties on each unit. Rob cuts his offer to 66% of the company.
The documents go with Davie. Someone shouts: “You are simply very reliable. Of course; they are doctors.
Wine not a brand
Katerina, “like every millennial,” took an online course, invented personalized wine bags and bought a machine to fill them.
He pulls out bags that match the sharks’ interests. My favorite was Tech Nick’s which was filled with water because she read that she wanted to live to be 150 years old. Immortality is hot right now.
No one can guess what business it is. Is this a solution for consumers, B2B or maybe for wine producers? The more questions, the more confusion.
Katerina put $200,000 into it. Australia spills drinks in shock.
Maxine says: “Catarina, I’ll give you the F-word for your company…. Center.” Luckily that was the F word!
Everyone leaves, but then Jane offers $60,000 for 40% of the business.
“Would you do 30%?”
“Yes, if I get my money back.”
It’s a deal.
Raise your bags, everyone, we have another winner Shark Tank!
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