Shark Tank Season 2 Archives - Page 3 of 3

Mod Mom Toy boxes Shark Tank Episode on CNBC

Barbara Corcoran, Daymond John, Kevin Harrington, Kevin O'Leary, Robert Herjavec, Shark Tank, Shark Tank Season 2

Mod Mom Toy Boxes Kiersten Hathcock's Shark Tank pitch from Season 2 is rerunning on CNBC tonight!

Mod Mom Furniture by Stay-at-home mom on Shark Tank

What happens when Stay-at-home mom, Kiersten Hathcock realizes she needs to make money to help her family after her husband lost his job? Mod Mom Furniture comes into the Shark Tank! Kiersten aims to solve a problem she realized three years previous. Kiersten' business,

Mod Mom Furniture builds Modern Toy Boxes which are eco-friendly, that look great, and are fun for kids. Her designs have puzzle pieces as the openings so that Kids have fun putting their toys away.

She maxed out Mod Mom Furnitures build capacity at three boxes daily, which generated thirty-four thousand dollars in revenue the year before her Shark Tank pitch. She taught herself to make the boxes.

The cost to build a toy box is about $115, and they sell for $475 with ten hours effort.

Kiersten has an Amish Manufacturer in Ohio to scale her business which is capable of making up to a thousand in a week. She needs $60,000 for case goods and wants to expand into bedroom furniture past the toy box.

Company: Mod Mom
Entrepreneur: Kiersten Hathcock
Website: http://www.modmomfurniture.com
Twitter: @modmomkiersten
Episode: Season 2 Episode 203
Other companies in this episode: Pure Ayre, Flip Outz, and Fitness Stride
First Aired: 4/1/2011
Sharks: Kevin Harrington, Barbara Corcoran, Kevin O'Leary, Daymond John, Robert HerjavecAsk: $90,000 for 25% equity
Year one Revenue: $34,000
Location: Flagstaff, AZ

Mod Mom and the Shark Tank Investors

Barbara Corcoran thinks Kiersten is going to need way more money to scale the business and it is too costly for her, so she is out.

Daymond John said he is “petrified” of the furniture business and so he is out.

Kevin Harrington asks how many of you have heard of the Amish fireplace? It went from zero to $100 million, but it sells because it is an energy savings product. He doesn't think toy boxes will scale like the fireplace, so he is out.

Kevin O'Leary likes Kiersten, so he is going to make her an offer. The big challenge is liquidity. He will give the $90,000 and wants 33% plus 7.5 percent royalty until he gets the $90,000 back.

Robert Herjavec makes an offer for $90,000 for 33%. He wants a royalty only after $500,000 to help her get the business going.

Kiersten takes Robert's offer, but the deal didn't consummate after the show, and Kiersten secured a different investor for her company.

Mod Mom Furniture recently licensed the toy box design to be built and sold by Little Colorado. A company specializing in toddler furniture.

Daisy Cakes Shark Tank Success Continues

Barbara Corcoran, Daymond John, Kevin Harrington, Kevin O'Leary, Robert Herjavec, Shark Tank, Shark Tank Season 2

The website address is ilovedaisycakes.com, and I love Daisy Cakes! Founder, Kim Nelson, pitched her company in Shark Tank Season 2 Episode 205, giving me the number one traffic producing blog post on my site ever! Thank you to Barbara Corcoran, who I visited with later that year for investing in her company.

Kim Nelson makes Daisy Cakes and ships them in dry ice. One of her best sellers, Red Velvet Cake, caught my eye on that episode, but before her pitch, I messaged her because the website needed updates before her presentation aired on Shark Tank.

Daisy Cakes gets too much traffic on Shark Tank

Unfortunately for Daisy Cakes, and lucky for me, the hosting/website design company did not fix all of the problems before the show. That meant the site crashed, and my website came up next in search, sending their traffic my way!

Season: 2 Episode 205
First Run: 2011/04/21
Sharks: Kevin Harrington, Daymond John, Kevin O'Leary, Barbara Corcoran, Robert Herjavec
Company: Daisy Cakes
Entrepreneurs: Kim Nelson
Ask: $50k for 25% equity
Deal: Barbara Corcoran

Daisy Cakes use Grandma Daisy's recipes, and everyone who tries out the cakes loves them. Now, Kim places her cakes in dry ice and ships them to your door. The cakes are expensive but are worth the money.

Sales for the past three months before coming into Shark Tank amount to $27,000 which doesn't make for an investment from the Sharks. And, none of the guys on the panel invest, instead, Barbara Corcoran watched as every Shark ate the entire cake including the crumbs. That sold her on the investment.

Kim Nelson is frequently a featured face in Barbara Corcoran's updates of her favorite entrepreneurs, and Daisy Cakes is often a guest on all type of television programs. People enjoy having Kim on as a guest.

So, what did the Sharks say about Daisy Cakes?

Kevin Harrington does not think the business will grow fast enough, so he is out.

Daymond John won't invest in a small business such as this, so he is out.

Kevin O'Leary loves the cakes but isn't ready to take the task of turning Daisy Cakes into a big business.

Barbara Corcoran thinks this is a small business but makes the crafty investment, getting her original investment returned almost immediately. Her offer is for $50,000 provided Kim returns $1 per cake until the investment is covered, she has her mother on the team and will hustle them at trade shows. She has 25% equity.

Robert Herjavec thinks the deal is too small for him so he is out.

So, Yes, I do love Daisy Cakes!

You can buy Kim Nelson's Recipe Book on Amazon

Hot Mama Gowns – Shark Tank

Barbara Corcoran, Daymond John, Kevin Harrington, Kevin O'Leary, Robert Herjavec, Shark Tank, Shark Tank Season 2

Shark Tank fans watched Deidrea Haysel pitch Hot Mama Gowns in Season 2 to the Sharks. She is incredibly passionate, has a part-time business that is debt free, and she works from 10 PM to 2 AM every night. The problem is her sales are $14,000 over the previous two years.

Hot Mama Gowns wants Strategic Partner

Hot Mama Gowns needs the Shark Tank investors to up her order size, bringing down the cost and helping her to get distribution. Deidara wants to take her business to the next level with a strategic partnership.

Season: 2 Episode 205
First Run: 2011/04/11
Sharks: Kevin Harrington, Daymond John, Kevin O'Leary, Barbara Corcoran, Robert Herjavec
Company: Hot Mama Gowns
Entrepreneurs: Deidrea Haysel
Ask: $30k for 20% equity
Deal: None

Deidrea's product, Hot Mama Gowns makes expecting moms feel beautiful. She tells the Shark Tank investors that she had to wear two gowns to cover her front and back side, making her extremely uncomfortable. Now, there are multiple sizes and designs to fit moms for their needs with her product.

“Give me your money!” Deidara demands laughingly to the Sharks. She wants the Shark Tank Investors to leverage Hot Mama Gowns and grab a part of the 4.6 Billion Dollar market. She has sold 100 gowns at $8 a month according to Daymond John's calculations.

Hot Mama Gowns is $119 at retail; cost is $49 all in. The price is high because she doesn't have enough quantity, and that's why Deidrea is pitching the Shark Tank Investors.

Deidrea is a pharmaceutical representative by day, mom, and wife that has to work her business after she takes care of everything else in her life. Part-time is a problem with the Sharks Tank investors because she is asking them to invest in Hot Mama Gowns.

Deidrea claims Hot Mama Gowns is a brand that people know and respect.

What do the Shark Tank Investors say about Hot Mama Gowns?

Daymond John has a lot to say to Deidrea. He starts by explaining that they value companies by the revenue and profit of a business. Hot Mama Gowns has virtually no income, making it extremely hard to evaluate. Daymond wants to know how do you educate the entire country?He said Deidrea would not learn from him, so he is out.

Daymond commented, “It is what you think you already know, that will prevent you from learning.”

Kevin O'Leary wants to understand how this business could grab 10% of the market share over the next five years. He doesn't see that happening. Deidrea's response saying people and retailers are coming to her does not work given that her sales are minimal.

Deidrea is a firecracker sales lady, with a great idea, but she doesn't have any distribution, according to Kevin O'Leary.

Robert Herjavec notes Deidrea is not answering how Hot Mama Gowns will grow and what costs are for growth. He's out.

Kevin Harrington thinks there is too much risk, so he is out. He thinks Deidrea wants her cake and to eat it too.

Barbara Corcoran wants to know if Deidrea would be open to the idea of a one size fits all, but the idea is met with resistance as the current hospital gowns are one size fits all, but she said she would be open to trying the one size fits all approach.

Barbara makes an offer for thirty thousand dollars in exchange for forty percent equity in Hot Mama Gowns, but Deidrea rejects the offer. Daymond laughs when this happens, saying Barbara deserved the rejection for making the offer in the first place.

Hot Mama Gowns today:

The business closed, and the website redirects to a foreign website. I would not recommend following the link to the site as it could be a corrupt site.

What I've written about Hot Mama Gowns and Deidrea Haysel before in my original post talked about her being the self-proclaimed “Hot Mama.” Deidra is the typical entrepreneur that comes up with an idea and sketches it out. And, she spent a lot of time blogging and connecting with her audience when she was working her business.

She even talked about her first In-n-Out burger, which made me want to take off for California for the tasty treat!

My original prediction was a deal either with Daymond John or Barbara Corcoran. Neither happened, but she did get the offer from Barbara.

First Defense Nasal Screens in Shark Tank

Barbara Corcoran, Daymond John, Kevin O'Leary, Mark Cuban, Robert Herjavec, Shark Tank, Shark Tank Season 2

Company: First Defense Nasal Screens
Entrepreneur: Joe Moore
Ask: $500,000 for 10% equity
website: http://firstdefense.com
Episode: Season 2 Episode 202
Other companies on this episode are: ToyGaroo, Wake n' Bacon, and Vurtego Pogo Sticks

Screens are designed to let air through while keeping pollutants out, making First Defense Nasal Screens a logical solution to keep bad things out of our nose. The catch is, they look strange. The nasal screens are not likely to catch on in the United States but are a sure bet in other places such as the middle east.

First Defense Nasal Screens a Winner

Joe Moore knows he has a winner walking into the Shark Tank despite being ridiculed by Mark Cuban in the first few seconds of his pitch. Mark changes his tone quickly when he learns how many units are already committed and why people use nasal screens.

The nasal screens eliminate up to 99% of the foreign bodies coming through as a person inhales and opens to allow full exhale. Yes, you see the filters covering your nostrils, but the alternative is wearing a full face mask.

Applying the First Defense Nasal Screens are similar to putting on contacts. You hold it on the back side with your finger and maneuver the screen into place covering your nostril.

First Defense Nasal Screens Selling Like Crazy

First Defense Nasal Screens are selling like crazy in places like the United Arab Emirates and Saudi Arabia where airborne particles such as sand are a significant issue. Joe presents his order for $8,000,000 to the Sharks proving he has the business to back up his position and causes a battle to between Sharks vying for the deal.

First Defense Nasal Screens are patent protected in multiple countries, and he only needs the money for raw material purchases upfront.

Joe is doing business with people who have allergy issues and who deal with chemicals. They also have monthly memberships that ship every month. They are a global business.

He initially contacted the drug companies who said they would buy and shelve First Defense Nasal Screens because it would cut into their profit margins from the drugs they sell to cover illness.

Bidding war for First Defense Nasal Screens

The only Shark to go out is Barbara because she focuses on the difficulty marketing First Defense Nasal Screens, but this product sells itself especially in other countries.

Soon, a bidding war goes crazy with three of the Sharks ultimately coming together on Shark Tank. Kevin O'Leary initiates the battle offering $500,000 with a 15% royalty until he recoups his investment along with 20% equity. Mark quickly offers to go in with Kevin on the deal.

Daymond comes in with his offer of $800,000 for 30% and then a 10% royalty. Kevin replies with a proposal for a million dollars outright to buy the company, and Joe says no. Daymond counters with 1 million dollars for 30% equity and a 10% royalty to recoup the original investment.

Sell First Defense Nasal Screens with a Royalty?

Joe Moore comes back saying he would consider selling with royalty such as 10% attached but it would take more money. That's when Robert Herjavec jumps in and offers $2,000,000 plus a 10% royalty for a 100% stake. Joe declines saying it is not enough money. Robert than counters with $4,000,000.

Joe Moore says Robert is getting close if he would come up with a 15% royalty and 5 million dollars he would consider the deal. Robert is comfortable at $4,000,000 but not $5,000,000.

That's when Kevin asks Joe to leave for a few minutes, and he offers to bring Daymond in with him and Mark. The new deal is $750,000 for 30% with a 10% perpetual royalty. He asks them to go to $1.2 million, so he doesn't have to worry about funding future deals when Mark says they will do that for him.

Joe asks Mark for season tickets to the Maverick's and Mark says done. They have a deal.

Joe commented that he never thought that he'd turn down $4 million but it happened, and he still has 70% of his company and $750,000 cash.

Sharks hearing the First Defense Nasal Screen deal are:

What happened with First Defense Nasal Screens?

The company is doing huge numbers, and despite making a deal on Shark Tank, Joe Moore never took the money from the Sharks. He is raking it in on his own!

Are First Defense Nasal Screens used in the United States?

According to reviews, I am reading; people are using them in the United States. Someone is using them when they mow their lawn; another is using them when doing bodywork on cars. Woodworkers are using them to keep from inhaling sawdust. Firefighters are using them when fighting forest fires keeping the insides of their nostrils from being burned.

The nasal screens come in multiple sizes ranging from small, medium, to large. Multi-size packages are available for the family. And, First Defense Nasal Screens are known for protecting people from the flu viruses spreading through viral droplets.

If you are a person that has to wear a mask to protect the air you breath in, the nasal screens may be the perfect solution for the environmental challenges you face on a daily basis. Consider trying out First Defense Nasal Screens which are available through Amazon.com. The hyperlink to the Amazon.com name will take you directly to their product. If you have Prime, you will get them delivered to you within two business days. Maybe even Sunday!

What about you? Are you ready to try out First Defense Nasal Screens? I am considering trying them the next time my allergy issues cause problems for me.

Wake N’ Bacon and a little more

Barbara Corcoran, Daymond John, Kevin O'Leary, Mark Cuban, Robert Herjavec, Shark Tank, Shark Tank Season 2

Wake n' Bacon is cooking up bacon as soon as the alarm clock rings first thing in the morning! That's right; you will wake up to the smell of bacon coming from your alarm clock. Sounds somewhat crazy, but Matty believes that people will love having the tasty treat straight from bed, even before jumping out. At least that is what he's bringing into Shark Tank.

Would you eat bacon in bed made from your alarm clock? Maybe not, but an alarm clock that cooks breakfast is one of those gag gifts that the guys would love to have. I wonder if he has temperature controls in his unit to adjust the bacon for chewy or crispy?

Just thinking about it, I think I am going to make some bacon right now, and some hash browns too. That's what's for lunch today! I will be back shortly to finish writing my thoughts on the Wake n' Bacon Shark Tank pitch. I hope you don't mind!

Company: Wake N' Bacon
Entrepreneur: Matty Sallin
Ask: $40,000 for 20% equity
website: http://www.mathlete.com
Episode: Shark Tank Season 2 Episode 202
Other Companies on this episode are: Toygaroo, Vurtego Pogo Sticks, and First Defense Nasal Screens

Wake N' Bacon making me hungry

Okay, I am back from making bacon and hash browns with cheese. The bacon is center cut which makes it extra enjoyable, but I have to say I would never cook my bacon on my alarm clock! Sorry, Matty.

Matty never made it to production with the Wake n' Bacon alarm clock, but he did entertain the Sharks when Mark Cuban asked, “You are only asking for $40,000,” and Matty interrupted saying “I am now asking for $170,000” making all the Sharks laugh. But if you watched the episode, you already know that.

Now, there are add-ons for the iPhone that produce a bacon smell as an alarm clock, or you might find a bacon scented candle. Bacon is making rounds!

Matty's slogan, “rise and swine” is making pigs roll over all over the country.

Sharks in the tank during Wake n' Bacon are:

Matty does not get a deal with the Sharks.

Toygaroo – Netflix of Toys Goes Bankrupt

Barbara Corcoran, Daymond John, Kevin O'Leary, Mark Cuban, Robert Herjavec, Shark Tank, Shark Tank Season 2

ToyGaroo entrepreneur, Nikki Pope, appeared in Shark Tank season 2, episodes 202. She came in representing her product as Netflix for toys. Based out of Los Angeles, CA.

Nikki Pope's family consists of 11 brothers and sisters, and 13 nieces and nephews, making her keenly aware of toy logistics. Her husband managed to convince her into giving him 50% of the company, while she retains 10% ownership. Their web designer and two online marketers each own the remaining shares amounting to 10% each.

Parents often purchase toys which are played with only for a few weeks and then left untouched. I get that as I have a stockpile of toys to prove her claim. ToyGaroo allows parents to go to the company website and select the toys they wish to have shipped and then ship them back when the children become bored with the toy selection. The company sends a new collection when the current selection of toys are returned.

The ToyGaroo company ask is for $100,000 for 10% of the company. A soft launch produced over 500 members paying $42 monthly. Each client received a box full of toys worth over $200. New, the toys would cost over $500 with the average family spending between $1,200 to $1,400 per year on toys.

ToyGaroo's actual cost of the toys in each box runs between $50-90 and allows ToyGaroo to break even within 2.5 months. She estimates that every $1,000,000 in sales requires an investment of $64,000 in toys to service the clientele.

Niki says her company needs investment to purchase more toys to fulfill orders for clients on the waiting list which is over 1,000 people as of the airing of the show.

Other companies appearing Toygaroo's Shark Tank Season 2 Episode 202 are Wake N' Bacon, Vurtego Pogo Sticks, and First Defense Nasal Screens.

The ToyGaroo Deal on Shark Tank

Sharks appearing in Nikki's episode include Mark Cuban, Kevin O'Leary, Barbara Corcoran, Daymond John, and Robert Herjavec. Her first offer comes immediately from Kevin O'Leary for $100,000 for 35% of the company.

Barbara Corcoran wants to know if Nikki has a right to sell ownership in the company, and she responds saying she can do whatever she wants with the company. Barbara isn't comfortable with the deal and goes out.

Daymond John has a bad history of dealing with people who don't control the company, and he goes out.

Robert Herjavec likes the deal, but he wants Mark Cuban to get in with him. He suggests they do the deal, giving her $200,000 for 40% of the company. Nikki responds by asking Mark and Robert if they will do $200,000 for 35% and she will agree to the deal. Kevin interrupts and offers to do the deal at that price, Nikki agrees. Suddenly, Kevin turns to Mark and offers to split the deal with him, leaving Robert out of the deal. Mark agrees.

ToyGaroo goes bankrupt

Daymond laughs at Robert for being squeezed out of the deal. Nikki tells him she's very sorry. But, Robert Herjavec gets the last laugh when ToyGaroo files bankruptcy and both Mark and Kevin lose their investment.

ToyGaroo is the bad fish according to ABC News. The company went bankrupt within six weeks of the investment. The team argued and did not trust each other making it the worst investment that Mark and Kevin have made according to them in an interview with ABC News. O'Leary says, “I never lose like that making the investment a bitter feeling.”