Shark Tank episode aired October 3, 2014

This episode was re-broadcast on January 23, 2015.

TimMcEneny

Tonite’s episode featured four niche businesses with very little revenue. No Sharky Awards tonite!

The one that came closest to winning a Sharky Award for entrepreneurial excellence was Alvin and Ray fromSoapsox. Their product made it easier for parents to give their kids baths by replacing a wash cloth with a “plush-like” cartoon character or action figure.

Alvin and Ray gave a nice presentation and knew their numbers (cost to produce, profit margins, etc.). They had a very aggressive Sales forecast (going from $300K actual sales to $2.4 million next year) and a very rich valuation of $2.6 million.

They ended up getting two offers….one from Daymond and one from Lori/Robert  for $1 million to buy the entire company. They turned down both offers. Since Alvin and Ray are early in their company’s life cycle, I can understand why they turned down the million dollar buy out, but I think they made a mistake…

View original post 285 more words

Advertisements

About Shark Tank Ratings

Author of "Unlocking Your Entrpreneurial Potential: Marketing, Money, and Management Strategies for the Self-Funded Entrepreneur"
This entry was posted in Uncategorized. Bookmark the permalink.

I would like your feedback. Please comment below.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s