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  • Shark Tank S09E18: Hero of Cleaning Tool

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    Adarsh Kumar
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    The document summarizes three pitches on Shark Tank. The first pitch was for BRUSH HERO, a battery-free cleaning brush. The entrepreneurs sought $500k for 10% equity valuing the company at $5 million, but Lori offered lower deals after realizing the valuation was too high given competition. The second pitch was for SAVY, a fashion marketplace startup. The entrepreneur sought $100k for 10% equity but received no deals due to her lack of experience and the company not having made any sales. The third pitch was for GAZZLE BUDDY drinking glasses. They initially sought too high a valuation but revised their ask to $400k for 20%, ultimately

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    Shark Tank

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    The document summarizes three pitches on Shark Tank. The first pitch was for BRUSH HERO, a battery-free cleaning brush. The entrepreneurs sought $500k for 10% equity valuing the company at $5 million, but Lori offered lower deals after realizing the valuation was too high given competition. The second pitch was for SAVY, a fashion marketplace startup. The entrepreneur sought $100k for 10% equity but received no deals due to her lack of experience and the company not having made any sales. The third pitch was for GAZZLE BUDDY drinking glasses. They initially sought too high a valuation but revised their ask to $400k for 20%, ultimately

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    45 views2 pages

    Shark Tank S09E18: Hero of Cleaning Tool

    Uploaded by

    Adarsh Kumar
    The document summarizes three pitches on Shark Tank. The first pitch was for BRUSH HERO, a battery-free cleaning brush. The entrepreneurs sought $500k for 10% equity valuing the company at $5 million, but Lori offered lower deals after realizing the valuation was too high given competition. The second pitch was for SAVY, a fashion marketplace startup. The entrepreneur sought $100k for 10% equity but received no deals due to her lack of experience and the company not having made any sales. The third pitch was for GAZZLE BUDDY drinking glasses. They initially sought too high a valuation but revised their ask to $400k for 20%, ultimately

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Shark Tank S09E18

    Hero of cleaning tool


    Kevin from Virginia made BRUSH HERO which is powered by water pressure and no battery is required
    and water pressure helps in rotating the sponge associated with the brush. Their cost is 6.9 and their
    selling price is 35. They have valued their company as 5 million dollar and seeking $500k at 10% stake.

    But they are other competitors also who has manufacture similar product also.

    So Lori initial offer was $500k for 25% stake but later she realised that valuing the brush company 5
    million dollar is too much. She changed his offer and her new offer was $250k at 7% interest rate and
    another $250k at 25% stake.

    Lesson : when you have too many competitors you cannot value your company too high.

    Savy
    Disha is a 20 year old girl and her new start up is called savy which connect you to your favourite
    boutique and you can quote the price of the dress and if your favourite boutique agree to manufacture
    the dress at that price then you will get an email confirming the order.

    She didn’t get any funding because:

    Her intention was not to go back and complete her degree and all shark members believe she is not
    experienced much for the corporate world.

    She was leading gang leader who want to stop violation and work for the society

    Was running from last 1 year and it has 2000 user but has not sold a single item.

    Seeking $100k for 10% stake – because she has 4 verbal commitment from a large retailer

    Lesson: Because of only verbal commitment one cannot value their firm so high.

    Randy and Jennifer – GAZZLE BUDDY


    Sales 1.4 million dollar in 10 months and Seeking $400k for 10% stake

    Cost of one glass is $12 and we are selling them at $24.99

    Stagnant market

    Valuation is too high $100k for 10% stake is correct

    They realised their mistake and revised their offer as $400k for 20%

    And lori offered them $400k as a loan but finally they get the deal at $400k for 25% stake.

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