Shark Tank Live September 23, 2022

Here’s something new! We are so excited for Shark Tank’s season 14 premiere that we are going to watch and post live with you!

Our comments on the shark outfits

The show has a live audience!

Lori Greiner us in a black tight dress with a cutout in the top.

Barbara Corcoran has a long sleeved pastel dress on.

Robert Herjavec had a black suit on.

Daymond John has a plaid black and white suit on.

Mark Cuban has a blue suit on.

Our comments on company #1: Kent with Founders Jeff and Stacey

Who are they?

The company is from Los Angeles.

They are in fashion in regards to clothing weight.

Jeff and Stacey want $200K for 5% of Kent.

They take clothing waste and turn it into compostable and organic underwear to help the environment.

Did Kent get a shark?

Daymond John says they’re the first company on a live episode of Shark Tank.

Lori wants to know how the underwear are fully organic and comppstable.

Mark says they’re too small and that’s a challenge. Mark was out.

Daymond John said he has to be realistic, he’s out.

Barbara gave an offer. $200K for 20%

Robert said he had a question for the audience. Do they buy new underwear at least once per year? Most people clapped.

He offers $200k for 15%

Kevin O’Leary said he didn’t like their valuation.

Lori Greiner offers $200k for 15%

Daymond John said he would offer the same.

Stacey and Jeff ask for the sharks to team up. They said no. They chose Daymond John.

Any mess ups?

They spoke over each other a bit.

Our comments on company #2: Oogie Bear

They are from Potomac, Maryland. Dr. Sina Farzin and his wife, Nina ask for $400k for 5% for their baby product, Oogie Bear (buy it on Amazon.)

Barbara wanted to know why Nina left her job. She said she had too many ideas and was challenged by her husband to try it.

They have sold 1 million units to date since 2015. Total revenue in sales is $15 million. Profit track to make $1 million in 2022. Revenue track is to make $5.4 million.

Kevin O’Leary offers $400k for 10%

Lori Greiner wants to know if there is competition. Nina said there wasn’t anything on the market, but they have a patent on their product.

Daymond John said he’s impressed. He says its not in his area of expertise so he’s out.

Mark Cuban wants to know how much they do on Amazon. She says 76% and she wants to diverse their online presence.

Our comments on company #3 – Pizza Pack – Here for the Dough

Here for the Dough, Pizza Pack is run by an entrepreneur who had been in Shark Tank previously with his Cheese Chopper. He’s back with his pizza keeper product which is patent pending.

Robert said, “this is a one product company, I’m out.”

Kevin O’Leary offers $100K for 10% and includes a royalty of $2 per unit until he gets the $100K back then $0.50 per unit into perpetuity.

Mark Cuban wanted to know why he isn’t selling more. They said it’s because of inventory.

Lori Greiner offers $100K for 20%.

Mark Cuban said he hates investing in companies run by inventors but he loves to buy companies by inventors. He asks the owner, Tate to come back to him with a figure for full purchase of the company after the commercial break.

Tate says, $5 million. The sharks laugh. Mark Cuban says that was insane. He says he likes the product.

Lori Greiner said she wants to changer her offer. Then Daymond John said, $100K for 25%.

Lori says, “I can tell instantly whether something is a hero or a zero, this is a hero.” Offers $100K for 15%. Daymond John said he will go to 20%.

Tate asks Lori for 12.5% then she goes, 13% and you have a deal.

Tate wants to know if he can hear from Mark Cuban.

Mark Cuban said he will buy the company for $1.5 million and he will write the check.

The crowd is shouting for Lori. He chooses Lori Greiner.

Related

Update on Pizza Pack from Shark Tank Season 14

Update on Oogiebear from Shark Tank Season 14