This episode of Shark Tank was re-broadcast on June 6, 2014.
This episode was devoted to the youth of America. It featured four fantastic young entrepreneurs. Each one is deserving of a Sharky Award for entrepreneurial excellence. They’ve all accomplished so much in a very short period of time.
First up was Carter (age 15) from Define Bottle. His product allows the user to easily mix fruit with water to replace the soda they may be drinking today. Carter has sold $65K in the last 4 months (50% thru his website and 50% to retail outlets).
Carter did a great job presenting his product. The Sharks had two major concerns, however. First, they felt there is too much competition. Second, Carter had spent $300K to develop the product. This money came from his parents who had to mortgage their house to fund the initiative. Given the fact that the parents had to be paid back at some point, the Sharks didn’t…
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