- A guitar player from Dallas, TX hopes to sing his way into a deal for his service that helps people find and hire music instructors; a firefighter from San Diego, CA has come up with a simple way to stop costly, accidental fire sprinkler activations; two friends from Salt Lake City, UT show how they can turn fire and water into a battery charger; and the outside-the-box thinking of two men from San Francisco, CA could result in a deal for their all-inclusive project kits in a box. In a follow up segment, Tiffany Krumins, from Auburn, GA and creator of Ava the Elephant medicine dispenser, gives an update on her business, which Barbara invested in during season one.—Anonymous
- In this episode of Shark Tank, several entrepreneurs presented their business ideas to the panel of Sharks, including Mark, Daymond, Kevin, Lori, and Robert.
Taylor Robinson pitched his online platform called "Taylor Robinson Music," which connects people with music instructors. He sought $100,000 in exchange for a 10% stake in his company. The platform features approved and reviewed instructors, allowing users to schedule and book lessons. Taylor's business had generated $2.5 million in the last five years, with projected revenue of $550,000 for the current year. However, despite making profits of $40,000 annually, the high costs of CPA and operations were a concern. Taylor aimed to implement an enterprise system to automate manual tasks but was unable to accommodate renowned artists setting their own rates due to a costly software upgrade. Kevin and Mark opted out due to various concerns, while Robert didn't believe the business would scale. Daymond suggested going super-premium, but Taylor's target market was mass market, leading Daymond to decline as well. Lori, unable to see how the product could be sold on QVC, also decided not to invest.
Caleb Light and David Toledo presented their invention called the "PowerPot," a cooking pot that generates electricity while heating water. They were seeking a $250,000 investment for a 10% equity stake. The PowerPot produced 5W or 1 amp of electricity and had a pending patent. Through a successful Kickstarter campaign, they raised $126,000, surpassing their $50,000 goal. With 100 units sold and $300,000 in revenue for the current year, the entrepreneurs aimed to enhance their product and expand sales by hiring more representatives. Despite Kevin's disinterest in camping and Daymond's perception of the business as too small, Lori's doubts about growth potential, and Robert's concerns about valuation, Mark offered $250,000 for a 20% stake. After a counteroffer from Caleb and David, Mark accepted their revised terms.
Stan Krozel and Kevin Ullery presented their business, "Fun Time Express," which offered trackless train rides in malls. They were seeking a $125,000 investment for a 20% equity stake. With six operational trains earning $500 to $800 every weekend, the rides were priced at $3 each, while the cost per train was $37.50. The business demonstrated profitability, generating $216,000 in revenue and $80,000 in profits the previous year, with projected revenues of $300,000 for the next year. Mark pointed out the lack of ability to scale, leading him to opt out. Daymond felt that trains were not popular among kids nowadays, and Robert considered the business too small for investment. Kevin also believed it was too small for his interest. Lori, however, was undecided, so Stan made a revised offer of $125,000 for a 20% stake, with all profits going toward repaying the investment. This offer convinced both Lori and Kevin to invest, and they accepted the deal.
Matt Scarpuzzi presented "Quickstop Fire Sprinkler Tools," a tool designed to immediately stop water from fire sprinklers. Matt sought a $150,000 investment for a 10% stake in his company. Accidental fire sprinkler activation resulted in significant property damage, with building engineers sometimes taking up to 45 minutes to shut off the water source. Matt aimed to sell his tool to 33,000 fire departments in the US. With $18,000 in sales within the past six weeks, the tool cost $29 and sold for $90, holding a pending patent. Matt also planned to target building constructors and homeowners' associations affected by accidental damage. While Lori offered $75,000 for an 18% stake, Robert didn't see it as a consumer product and opted out. Kevin countered with an offer of $75,000 for a 25% stake. Mark, seeing Matt primarily as an inventor rather than a businessman, declined to invest. Eventually, Kevin convinced Lori to join forces and offer $150,000 for a 50% stake. However, Matt rejected the offer.
In an update on a previous episode, Tiffany Krumins showcased her product, Ava the Elephant, a children's pill dispenser. She had partnered with Healthpons, who, in turn, had collaborations with doctors and medical associations. The company had purchase orders totaling $6 million. Barbara negotiated to exchange her shares in Ava for shares in Healthpon. Tiffany received recognition from the Atlanta City Hall for her work with children and for creating job opportunities in the USA.
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