Shark Tank Episode 503 - Recap

Shark Tank Season 5 Episode 503 Recap - Oct. 4, 2013

Fairy Tale Wishes Update

The first contestant to appear in Shark tank Episode 503 last night was Debbie Glickman and her line of Therapy Aroma Sprays. Already in production was the monster spray, happy camper, sweet dreams, tooth fairy and the super hero spray's for kids. In case you were not aware, monsters are repelled by bubble gum and other sweet smelling fragrances which all the Sharks agree smell really good.

Currently (at the time of this airing) the Fairy Tale Wishes Sprays cost $2.16 each to produce which seems kind of high, but Glickman insists this product remain 100% USA made which is worth a few more pennies. One bottle of Fairy Tale Wishes retails for $9.99 with sales totaling $5500 so far this year. Mark Cuban and Kevin O'Leary didn't seem very impressed, but Lori Greiner could see the bigger picture and had some excellent advice for Debbie. Barbara Corcoran liked my idea with developing one main Fairy Tale Spray covering a host of insecurities.

Glickman is convinced getting Fairy Tale Sprays in all of Disney's 25,000 Hotel Rooms and would like to partner with them, but hasn't made contact to them to see if they are even interested. I have to admit it was a great plug for the Disney Brand and who knows, it might of been enough to get Disney to call Debbie Glickman.  In the end, the business was just not developed enough to interest any of the Sharks to invest in The Fairy Tale Wishes Therapy Aroma Sprays.

A little side note: The vultures (competition) already are picking away at Debbie's success from going on the Shark Tank and starting to circle big time. As evidenced on Twitter, Debbie is standing her ground and handling it in a professional manner which speaks volumes IMO.

Echo Valley Meats Update

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Shark Tank Episode 503

Shark Tank Season 5 Episode 503 - Week 3



Kookn Kap Cooking Cap Seen on
Shark Tank Season 5 - Episode 503

 This Fridays Shark Tank Episode #503 theme is all about solving real problems for the younger generation using brand new products conceived while thinking outside the box. Starting with a real problem most little kids have at one time or another and covering all the way until their married and flew the coop. It looks like Lori Greiner and Barbara Corcoran will again be appearing on this episode of Shark Tank together and maybe, just maybe one of these new products will get the very first offer from both our Sharkette's combining their marketing experiences. Most likely that won't happen for some time, but then again, this is the Shark Tank Show and anything is possible.

Fairy Tale Wishes

The first rather interesting new Shark Tank Product is the Monster Repellent when combined with a little Fairy Tale, is sure to be a big hit for all those little Shark Tank Fans out there. I'm sure most parents are familiar with reverse psychology used from time to time, but the Fairy Tales Wishes Brand takes this to a whole new level using what's known as Therapy Aroma Sprays for Kid's.

Freeloader Child Carrier

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The AVE Venice

The AVE Venice on Shark Tank

Custom Screen Printing - Season 3 Episode 306 Update

The Ave Venice Now Custom Prints On
Van's Slip On's

 After watching a few of The Ave Venice video''s on You Tube, I must say I'm impressed with what's now possible to custom screen print on. Nick Romero the owner of  The Ave based out of Venice, California, has taken this industry to a whole new level which you can now custom create just about anything. If you ever want a one-of-a-kind custom pair of tennis shoes for instances, Romero is definitely the man to talk to. Anything you can imagine can be turned into a wearable form of art at his screen printing business.

Nick came into the Shark Tank seeking $125,000.00 for a 15% equity stake in his custom printing business. Because everything is custom made for the customer, this helps keep costs down until the order is placed on a variety of t-shirts, tennis shoes and hats ready to be made into "your" work of art. At the time Romero was in front of the Sharks, he had already done $570k his first year in business generating $150k in profit.

As good of an idea as this is, the Sharks weren't biting as they all decided not to make any offers in The Ave Venice business. Mark Cuban does acknowledge Nick has a unique printing process, but apparently not enough to secure a patent on or be copied from competitors.

The Ave Venice Update

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Zomm Update

Zomm on Shark Tank

Wireless Leash for iPhone - Season 4 Update

The Zomm Wireless Phone Leash
Featured on Shark Tank

  The Zomm wireless leash for your iPhone hooks to your key chain and sounds off an alarm if you ever walk off and forget it. But that's only part of what this clever Blue tooth devise is capable of doing. The Zomm can also be used as a hands free speaker phone while you're driving or can also be set up to dial any number in case of an emergency.

The inventors of the Zomm, Henry and Laurie Penix from Tulsa, Oklahoma, came up with the name using the first letter of their kid's name. Starting with Zack, Olivia and Madison, with the additional M standing for Mom, completes the Zomm Brand name.

Henry Penix walked into the Shark Tank looking for a $2 million dollar investment in exchange for 10% equity stake in the Zomm Business. Starting negotiations with the Sharks putting a $20 million valuation on the company you best have some sales too back it up, and they did. In 2011 sales were $5 million, with 2012 sales on track to sell $7.2 million with $2 million in net profit. Read More Here-->>>

Lifter Hamper Update

Lift Hamper on Shark Tank

Spring Loaded Clothes Hamper -  Season 4 Update

The Lifter Hamper
Finished Product

 I'm not sure how I missed this one, but the Lifter Hamper has to be the coolest clothes hamper on the market that thousands of people with back problems are going to love. The inventor of The Lifter Hamper is Marvin Phillip, a NFL Star who was drafted by the Pittsburgh Steeler's back in 2006. In 2008 Phillip had a back injury that sidelined Him for the rest of the Season when it was difficult just to bend over.

Marvin may not of been able to play Professional Football but that didn't stop Him from helping out around the House including doing the laundry. Having to bend over to complete this task, Phillip reasoned there had to be a better way. What if the hamper was spring loaded going down when you put clothes in the hamper, then rises back up when you take them out? A light bulb went off and Marvin's entrepreneurial spirit took over designing the Lifter Hamper that would make bending over a thing of the past.

Marvin Phillip entered the Shark Tank seeking $85,000,00 in exchange for a 12% equity stake in the Lifter Hamper Business. He was already in the hamper business for 6 months with contracts from two rep firms, but no real sales yet to speak of. With such a cool invention for anyone with back problems, it would seem like a great product for Lori Greiner's QVC Show. But a product that has not proven itself in the market yet, and an extremely high valuation at this point in the game, left Lori very little choice but to go out. In fact all the Sharks go out as it appears Phillip had made the most common mistake for contestants not getting a deal on the shark Tank by over valuing their business.

Lifter Hamper Shark Tank Update

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Business Ghost

Business Ghost Writer Shark Tank Update



Michael Levin demonstrates the Business Ghost Writers Business
Seen on the Shark Tank Show in Season 3.

 Michael Levin is perhaps a Top Selling Author you most likely have never heard of. Levin is the owner of Business Ghost writing services that helps you get your story told in a professional manner. If you have a great idea for a book, the Business Ghost services will organize your ideas, design your cover, publish your book and even help market the finished product.

At the time of the Business Ghost appearance on the Shark Tank, Michael has 8 other ghost writer's working on a number of book deals. The cost for having your book ghost written with a final product can run as high as $75,000.00 per project. The Business Ghost Business is on track to gross $700k this year alone.

Levin came into the Shark Tank seeking $200,000.00 for a 10% equity stake in His Ghost Writing Services. Kevin O'Leary is very impressed with Michael's writing services and compliment's him for making a profit that most writers never achieve, but is skeptical if this could be turned into a very profitable long term business. Barbara Corcoran seems to think Michael is getting tired of the Business Ghost Business and is looking for someone else to run the company. Mark Cuban questions the entire book publishing business as more print goes digital. Daymond John thinks if He invests in the business, getting His investment back will end up more like a mystery book. In the end Business Ghost was unable to get any offers from the Sharks and no deal was made.

Business Ghost Update

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My Wonderful Life

My Wonderful Life Shark Tank Update

 

Plan Your Own Funeral - From Season 3

My Wonderful Life Owners
Nancy Bush and Sue Kruskopf
on Season 3 of the Shark Tank Show 

 If you knew you were going to die tomorrow, what kind of funeral would you like to have? Everyone Say's good bye to you, but wouldn't you also like to speak at your own funeral and tell them good bye? Maybe a few personal letters to your loved ones that are meant for their eyes only would sure be nice wouldn't it? But if you died tomorrow, are you prepared today with your wishes on how you would like your funeral services to go?

Nancy Bush and Sue Kruskopf are the owners of My Wonderful Life that lets you have a big say in your own funeral. As a matter a fact you can pre-plan your entire funeral, write your own obituary and pre-pay for the whole thing while you're still on this earth.

Going into the Shark Tank Nancy and Sue was asking for a $100k investment in the pre-planned funeral business in exchange for 10% of the business. With such a name closely resembling Kevin O'Leary "Mr. Wonderful" Himself, the two Ladies decide to use him as an example. You can sign-up on their website for Free and start putting together you book with detailed plans for your own funeral. They have also partnered with a large insurance company that offers a prepay funeral plan so all the details can planned and paid for in advance. Unfortunately as good of an idea as this may sound, this Business Model has not made any real money yet.Read More Here-->>>

The Nitro Force

Nitro Force on Shark Tank Update

Portable Home Gym Update from Season 3

The Titan 1000 Home Gym
W/ 100 Exercises and
1000 Lbs. of weight

  The NitroForce Company sells the popular Titan 1000 developed by Fitness Experts Frank Campitelli & Debrae Barensfeld. With a combined 30 years in the fitness industry they built the lightest and most powerful home gym on the market. With just a single Titan 1000 you have over 100 exercises to choose from using up to 1000 pounds of total resistance.

Frank and Debrae came into the Shark Tank looking for a $250k investment in exchange for 10% equity stake in the NitroForce.com Business. At the time of the airing in Season 3, they have only sold 12 home gyms for $1300 and a grand total of $15,600 in sales. In part how Campitelli and Barensfield justify the $2.5 million valuation is the fact they have 90 more home gyms in a warehouse and ready to be sold.

This just might be the greatest home exercise gym in the world, but putting such a high valuation on Nitro Force when its entire sales is what Mark Cuban spends on a night on the town, didn't seem to get any of the Sharks to take a bite at the business. Some folks choose to use the Shark Tank Show just as much as the Shark Tank uses them. I'm not saying this is the case here, but if you wanted to get on the Show and had no interest in making a deal, these numbers would probably do it every single time.

The NitroForce Update

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EZ VIP Update

EZ-VIP Shark Tank on Shark Tank Show

 Pre-Pay Bottle Service - Season 3  Update

A Very Happy Alashe Nelson with new business partners
Daymond John and Mark Cuban

 The EZ VIP Business guarantees the VIP Treatment with simply pre-paying for your bottle table at the Hottest Nightclub's in advance. Alashe Nelson, the owner and founder of EZ-VIP, has put together a professional looking website making it super easy to pre-purchase your night out on the town without risk getting turned away at the door or possibly the table rates drastically rise should a Famous Celebrity unexpectedly appear.

Alashe Nelson came into the Shark Tank seeking a $150k investment for a 15% stake in the VIP Business. At the time of Nelson's appearance on the Shark Tank, the Business was already successfully launched in the Miami, Florida area. EZ VIP had already grossed $250,000.00 with a  $90,000.00 net profit. Nelson prides Himself on the "Guarantee" EZ VIP has which to my knowledge, has never been broken.

When you book a specific table for the evening in some of the Hottest Nightclubs in Town, you are always guaranteed that table, even if two Very Popular Reality Stars such as Mark Cuban and Daymond John happen to show up at the same Night Club and sit next to your reserved table. Can you even imagine that? It would definitely be a dream come true meeting Mark and Daymond in a relaxed atmosphere, kicking back and just having a Great Time.

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Mix Bikini

Mix Bikini Shark Tank Update

Mix and Match Bikini - Season 3 - Episode 315

Frank Scozzafava Inventor of Mix Bikini
Tough Job but someone has to do it!

 The Mix Bikini Brand allows you to mix and match bikini parts into over 5000 combinations. The more interchangeable parts you acquire, the more options you have to create a brand new look every time you head to the beach. I must say they do look good on the models and seem to fit in all the right places.

Frank Scozzafava and Adam DiSilvestro came into the Shark Tank looking for a $50,000.00 investment in their creative bikini line, but for only 5% equity stake in the business. Each interchangeable part of the swimsuit is sold separately which you will need at least 4 to complete a brand new look. To create your own unique bikini costs between $40-$60 retail.

With starting off negotiations with a 5% stake in the business or $1 million valuation, was soon changed to 10% and quickly cut it in half down to $500k. The male Sharks seemed a little concerned how there was no real business plan in place and no sales to put a value so high on a brand new start up.Read More Here-->>>

Cab 20 Band

Cab 20 Band on Shark Tank

Investing in a New Rock Band

Cab20 is the First and Only Band to
Preform on the Shark Tank Show

 The Cab20 Band was featured on the Shark Tank in season 3 opened up a whole new avenue for Bands to raise money. If your sound is unique and if you have the right manager, then you might also get a chance to play in front of 7 million viewer's.

Of course having Tom Callaham an already accomplished Band Promoter does come with benefits. The idea of raising money for new talent via Venture Capital and Angel Investors is nothing new. But the idea of getting an up and coming new band in front of millions of viewers for the first time when seeking an investment was. Whether Callaham was successful in getting a deal with any of the Sharks or not, was really besides the point.

With all the talented bands out there, how could the producer's ever decide on which Band will be the very first ever to appear on the Shark Tank? In Tom's case He was good friends with someone who was also good friends with the executive producer for the Shark Tank Show. Callaham sent in a Video of Cab 20 directly to Clay Newbill the executive of the Shark Tank Show, and soon after they met for a cup of coffee. Read More Here-->>>

Tail Lightz Update

Tail Lightz on Shark Tank

Light-Up Magnetic Stickers - Season 3 Episode 301

The Finished Tail Lightz Product
After the Shark Tank Show

 Kyle Rainey is the inventor of the Tail Lightz magnetic stickers made to light your assets up. If you’re seeking a little added attention in that department, then this product is guaranteed to get you noticed. That was at least my impression when Rainey first came into the Shark Tank with two female models and proceeded to show all their assets off.

The Tail Lights Magnetic Stickerswas an inspiration of Kyle's when his young Daughter wanted a pair of light up sneakers that flashes LED lights as you move around. It's a cool invention that I myself bought a pair for one of my kids which always seemed to get a lot of attention. He came into the Shark Tank looking for a $50,000.00 investment in exchange for 50% of the Tail Lightz Business which was a brand new concept at the time.

The lights on set dimmer and the music comes on to create a night life atmosphere as Kyle and his two models start dancing it up and showing off their tail light assets. The first thing you notice (at least I did) was how generic a lot of the Tail Light designs were. A few of the designs almost looked like clip art I have seen before. In fact I would bet on it, but there's a good reason why.

In hind sight we now know that Kyle Rainey is an avid inventor with over 80 inventions he is constantly working on.

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Simple Sugar Scrubs Update

Simple Sugars Shark Tank Update

Lani Lazzari Making A Deal On
The Shark Tank Show

  So whats it take to become one of the Biggest Shark Tank Success Stories In History? For starters it sure helps when your Business doubles the Sharks Investment within in the first 3 days. Lani Lazzari the 18 year old entrepreneur that first appeared in episode #419 on March 29, 2013, has raised the bar considerably higher with Her Simple Sugar Scrubs for Eczema.

Lani did indeed close the deal with Mark Cuban for $100,000.00 and 33% of the Simple Sugar Scrubs Business. They updated the website and stocked up with 1000 units ready to fulfill orders for Her simple but effective natural skin scrub for Eczema. Within minutes of Lazzari being Featured on the Show the orders started pouring in and completely sold out before Her presentation was over.
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Vurtego Pogo Stick Update

Vurtego on Shark Tank

Extreme Pogo Stick - Season 2 - Episode 202 - Update

The Vurtego V3 Pogo Stick
In Action.
Super Cool New Extreme Sport!

 The Vurtego Pogo Sticks are made to Set Records in Extreme Sports. In Fact the New Guinness World Record for the High Jump was set with the V3 Pogo Stick. These are not like the traditional pogo sticks from the past, but a high tech approach meticulously assembled by hand is what makes the difference. Brian Spencer, the Owner of Vurtego Pogo Sticks also has a patent on the design with this unique spring that allows you to do pogo tricks once unimaginable.

Brian came to the Shark Tank looking for a $500,000.00 investment in exchange for a 20% equity stake in the pogo stick business. With such a superior product then anything else on the market, Brian strongly believes these Extreme Pogo Sticks can revolutionize the entire industry with the new tricks that are now being done. Watching someone that is experienced jumping on one of these things, really is amazing.
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