Shark Tank from ABCs ran live Friday night for its Season 14 premiere, culminating in a unique offer.
For the first time ever, Mark Cuban, Barbara Corcoran, Lori Greiner, Daymond John, and Kevin OLeary were accompanied by a studio audience as they were presented with unfiltered, unfiltered proposals from enthusiastic entrepreneurs. For one night only, local viewers were asked to weigh in on whether or not our Sharks should take the plunge and make an investment.
So, how many deals were made in real time? And what kind of offer did Cuban make the nights third and final entrepreneur? Keep reading to find out.
COMPOSTABLE UNDERWEAR | Jeff and Stacy Grace have entered the Tank hoping for $200,000 in exchange for five percent of their company: Kent, the world's first compostable underwear manufacturer. (When their time comes up, you can literally plant your pants!! ) It's also not in their favor: One pair of their eco-friendly skivvies costs between $20 and 24 dollars, which is more than the average American can afford.
Mark drops out, followed by Daymond. Barbara make them an offer $200,000 for 20 percent, but it dramatically reduces their valuation. After seeing the results, Robert makes an offer: $200,000 for 15 percent. Lori matches that offer, then Daymond backs in the same offer! Jeff and Stacy came to the conclusion of a conversation with Daymond.
BABY BOOGER PICKER | Sina and Nina Farzin are seeking $400,000 for their fifth percent share in Oogiebear, a baby boomer that helps kids (and parents!) breathe more easily. Its an $8 million valuation, but they have sales to support it. Since 2015, they have made $5.4 million in sales and $1 million in profits.
Kevin cuts Nina off to make a deal. He says, he doesn't have a nose picker in his portfolio. So, he offers them $400,000 for 10 percent of the company. Then Barbara makes an offer: $400,000 for 10 percent, and if they cant reach $400 million in two years, shell refunds half of their shares.
PITCH NO. 3: COLLAPSIBLE PIZZA CONTAINER | Entrepreneur Tate Koenig, who appeared in Season 12 and left without a deal for the Cheese Chopper, returns with the Pizza Pack, a collapsable pizza storage container that can store a single slice or an entire pie, and five divider trays that can also serve as microwavable pizza plates. In just five months, he has sold over $250,000 in sales.
Mark isnt interested in just a slice of the company; he wants the whole pie. Tate asks for $5 million, which Mark describes as ridiculous, but he tells him to keep thinking as he hears from the other Sharks.
What did you think of the live Season 14 premiere of Shark Tanks? Would you like to see another live episode in the series in the future, or was this particular trick once more than enough? Please respond via the following polls and respond in comments.