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Barbara Corcoran

Tycoon Real Estate Funding has Mark Cuban and Shark Tank out fast

Barbara Corcoran, Kevin O'Leary, Lori Greiner, Mark Cuban, Robert Herjavec, Shark Tank, Shark Tank Season 6

The most proven way to build wealth is through investing in real estate. Tycoon Real Estate is a crowdfunding platform allowing people for as little as $1,000 to invest in real estate. Aaron pitches the Shark Tank investors in Season 6.

A lead developer is in charge of the development. They have done two proof of concepts. One was a part of a house in San Francisco, and they charge 1.2% of the investment.

Tycoon Real Estate allows exit of investment after one year.

Aaron tells the Sharks that the clients can sell their investment after a year.

Company: Tycoon Real Estate
Entrepreneur: Aaron McDaniel
From: San Francisco, California
Ask: $50,000 for 5% equity
Companies in this episode: Victoria's Kitchen, GreenBox, Tycoon Real Estate, PhoneSoap
Season: Season 6 Episode 616
Sharks: Mark Cuban, Barbara Corcoran, Kevin O'Leary, Lori Greiner, Robert Herjavec
First Aired: 01/30/2015
Deal: No Deal

What do the Shark Tank Investors say about Tycoon Real Estate

  • Mark Cuban goes out immediately hearing that you can invest in real estate for as little as $1,000. He smells a lawsuit. Mark is visibly disgusted with the deal. Mark went out because it doesn't protect investors after Aaron says the opposite.
  • Barbara Corcoran calls this too spooky and unfair to anyone who invests because they are blind to the lead investor. How does she know he is a good guy, and his projections are right. You have to trust the people behind it. She is out.
  • Kevin O'Leary has a billion dollars of people's money that he is responsible for handling. Kevin has a brand, and people trust him because he puts his own money in every deal. The tycoon has no brand. He offers him $50,000 for 50% equity, and he will rebrand his product. Aaron said he would not go over 10%.
  • Lori Greiner does not like the idea of investing with a bunch of people she doesn't know. She is out.
  • Robert Herjavec says when you deal with the life savings of people who are working towards retirement they need a conservative investment. Tycoon is not a prudent investment. He is out.

Tycoon Real Estate after Shark Tank

Tycoon Real Estate reportedly is acquired by a group of real estate crowdfunding sites in a cash deal according to a report on a crowdfunding site. Today, the website is no longer up and running. I am with the Sharks on this one. Tycoon Real Estate just did not sit right.

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GreenBox Pizza Box with plates scores after Shark Tank Kevin O’Leary Success

Barbara Corcoran, Kevin O'Leary, Lori Greiner, Mark Cuban, Robert Herjavec, Shark Tank, Shark Tank Season 6

GreenBox research shows that people like pizza even more than sex. The only problem with Pizza is the boxes are too cumbersome.

The Greenbox offers an eco-friendly solution having the top of the box break down into four individual plates. The bottom of the box folds neatly into a storage box for leftovers.

GreenBox is sold around the country

They sell the GreenBox to distributors around the country. They wanted to prove that customers like it. Their most significant customer is Whole Foods, and they have a full utility patent.

They sold $1.7 million worth of boxes last year. The cost of the box is a fraction of a penny.

Kevin wants to save a cent, not increase their cost. They have to educate the customer on the product when you are selling millions of pizzas.

Company: GreenBox
Entrepreneurs: Ned Kensing and Jennifer Wright-Laracy
Ask: $300,000 for 10% equity
Companies in this episode: Victoria's Kitchen, GreenBox, Tycoon Real Estate, PhoneSoap
Season: Season 6 Episode 616
Sharks: Mark Cuban, Barbara Corcoran, Kevin O'Leary, Lori Greiner, Robert Herjavec
First Aired: 01/30/2015
Deal: Kevin O'Leary gets the deal, $300,000 as a loan for 10% equity and they have to pay back the $300,000 contingent on a deal with Dominoes.

What do the Shark Tank Investors say about GreenBox

  • Mark Cuban is out because a fraction of a penny is a lot of money when you are selling millions of pizzas.
  • Barbara Corcoran sees the product, and doesn't see it is apparent that it is a unique box, she is out.
  • Kevin O'Leary asks them if they have talked to Dominoes about a deal. He knows them, and they ask him to come on board. Kevin makes an offer on getting one of the majors to license the box. He will give them $300,000 for 10% after he gets a deal with one of the major companies, and GreenBox has to pay back the $300,000 as a loan.
  • Lori Greiner tells them her and Robert Herjavec are going to make them an offer. They have to get it in front of the large pizza companies. They have a contingency of a large Pizza company coming on board. Lori and Robert join in on the deal at $300,000 for 30%, contingent on an agreement with a major pizza company.
  • Robert Herjavec goes in with Lori Greiner.

GreenBox after Shark Tank

GreenBox is growing sales 40% year over year. They are in QuickTrip, Cumberland Farms, Whole Food Markets, and the Hyatt Regency. Their boxes are at colleges and universities as well as many regional pizza chains.

Victoria’s Kitchen – Almond Water – Acquired after Shark Tank

Barbara Corcoran, Kevin O'Leary, Lori Greiner, Mark Cuban, Robert Herjavec, Shark Tank, Shark Tank Season 6

Victoria's Kitchen makes Almond Water that is light, crisp, and refreshing. They are pitching their product in Shark Tank Season 6.

Each bottle of Victoria's Kitchen Almond Water is dairy free and Gluten Free. Flavors are original Ginger, Ginger Peach, and Coconut.

Victoria's Kitchen Sales numbers

Victoria's Kitchen Sales are $160,000 the first year, $360,000 second year, and the current year is at $220,000 selling to natural foods stores for $.60, and they sell it for $1.20.

They invested their savings of $250,000 into their business, and are in 800 stores nationwide. They plan Victoria's Kitchen - Almond Water - Shark Tankon adding flavors to their line so that they can sell more to their existing base, before expanding to other stores.

David tells the Sharks that they listen to what people say, and they make changes.

Company: Victoria's Kitchen
Entrepreneurs: David Meniane and Deborah Meniane
From: Paris, France
Ask: $200,000 for 20% equity
Companies in this episode: Victoria's Kitchen, GreenBox, Tycoon Real Estate, PhoneSoap
Season: Season 6 Episode 616
Sharks: Mark Cuban, Barbara Corcoran, Kevin O'Leary, Lori Greiner, Robert Herjavec
First Aired: 01/30/2015
Deal: No Deal

What do the Shark Tank Investors say about Victoria's Kitchen Almond Water?

  • Mark Cuban says that David is coming across as desperate. You can't please everyone. If they had a zero calorie, he would have been all over it. He is out.
  • Barbara Corcoran asks why did their sales drop instead of growing. They discontinued the skew, which cut their sales but is building now.
  • Kevin O'Leary would typically viscerate on valuation. His ask is too high. He would have to spend a lot of time with David and Deborah; he is out.
  • Lori Greiner likes their packaging, and it tastes delicious, but she is out for now.
  • Robert Herjavec thinks they might listen too well. He doesn't like that because you can't assume the customers know what they want. He is out.

Victoria's Kitchen Almond Water after Shark Tank

A brand accelerator, Hispanic International acquire Victoria's Kitchen in November of 2017. The company has their beverages available for sale on Amazon.

Invis-a-Rack is now made in Iowa success after Shark Tank

Barbara Corcoran, Daymond John, Kevin O'Leary, Mark Cuban, Robert Herjavec, Shark Tank, Shark Tank Season 3

Donny McCall is the creator of Invis-a-Rack who owns a construction company in a small North Carolina town. He uses his truck both for personal and professional use. He talks about the Lord giving him the idea for his transforming truck.

Invis-a-Rack folds for dual purpose use

His Shark Tank pitch shows how easy it is to take the rack down so that it disappears. Donny is focused on bringing jobs and hopes to his small town. It is essential to Donny that manufacturing of Invis-a-Rack is in the United States.

Ultimately, Donny ends up doing a licensing deal with a company in my home state, Iowa. Dee Zee equipment company is manufacturing and selling Invis-a-Rack today.

Donny pitched the Sharks on spending a $100,000 on building a display of the product for the retailer so Invis-a-Rack - Shark Tankthat they can sell his rack.

He has $50,000 in orders and no profit. Debt in the company is $75,000 at the time of pitch. He is unwilling to take his product overseas to reduce the cost of the rack.

Daymond John asks Donny if you never get to build it yourself, who are you going to help?

Company: Invis-a-Rack
Entrepreneur: Donny McCall
From: North Carolina
Ask: $100,000 for 10% equity
Companies in this episode: I want to draw a cat for you, Salespreneur, Rick Smith Vegas Magic Show, Invis-a-rack,
Season: Season 3 Episode 302
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Barbara Corcoran, Robert Herjavec
First Aired: 01/27/2012
Deal: No Deal

What do the Shark Tank Investors say about Invis-a-Rack

Mark Cuban sees a capital-intensive business which creates a challenging return on investment. He is out.

Daymond John believes there are fazes you go through in life, and he doesn't think he is going through them successfully, so regretfully he is out.

Kevin O'Leary is stuck because he won't take it offshore to manufacture the rack at a reasonable cost to get it into the market. He tells Donny, you have made it impossible for the investor to get a return. Kevin is not interested because Donny doesn't want to do what it takes so, he is out.

Barbara Corcoran thinks he is particularly resistant and close-minded, so she is out.

Robert Herjavec talks about being a factory workers son, as Donny is, and it is tough when people lose their jobs. Everyone is an immigrant, and he is trying not to be disrespectful. Robert tells Donny he can't get involved when you're not taking care of your business.

Invis-a-Rack after Shark Tank

Donny ends up being a featured Shark Tank update. He goes to Dee Zee Manufacturing in Iowa, who has the facilities to manufacture the rack. Dee Zee is in Des Moines, Iowa and has the facilities to build and sell Donny's invention.

The Invis-a-Rack has a commercial and recreational use. Non-business people are buying them to haul canoes and other sporting items.

The Invis-a-Rack has a low-profile version that will go under truck bed covers for fuel efficiency. Order it here

 

Rick Smith Vegas Magic Show Overvalues Shark Tank No Deal

Barbara Corcoran, Daymond John, Kevin O'Leary, Mark Cuban, Robert Herjavec, Shark Tank, Shark Tank Season 3

Rick Smith wants to create the next biggest magic show in Las Vegas, and he asks the Shark Tank investors to get his production funded. In the end, Rick walks out without a deal, but he is working towards building his show.

Rick Smith Vegas Magic Show Cuts Celery With Cards

The Shark Tank pitch begins with playing cards used by Rick Smith to cut a piece of celery in half held by Mark Cuban. Then, Rick Smith burns Kevin's “ass” while holding a lighter under Mark Cuban's chair.

Rick Smith travels all over the country doing Magic Shows making $200,000.

Company: Rick Smith Vegas Magic Show
Entrepreneur: Rick Smith
Website
From: Cleveland, Ohio
Ask: $1,500,000 for 20% equity
Companies in this episode: I want to draw a cat for you, Salespreneur, Rick Smith Vegas Magic Show, Invis-a-rack
Season: Season 3 Episode 302
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Barbara Corcoran, Robert Herjavec
First Aired: 01/27/2012
Deal:

What do the Shark Tank Investors say about Rick Smith Vegas Magic Show

Mark Cuban says he went for the holy grail instead of asking the Sharks to invest and help him grow his show over time. But, he asked for a $1.5 million check and so, he is out.

Daymond John's closest friend is the manager of Sigfreud and Roy. He cannot get anyone in Las Vegas. He is out.

Kevin O'Leary asks Rick, why doesn't he take his $1.5 million and creates Mr. Wonderful's Magic Show, and I pay you as an employee. Rick offers that he could pay Kevin back twice the money. Kevin tells him that this is an insane risk.

Barbara Corcoran thinks Rick Smith is a cute kid, but he's nuts asking for too much, too soon. She is out.

Robert Herjavec explains nobody knows Rick, the Magician, that he needs to create a brand before they go to Vegas. Robert's money his gone the minute he opens the show. You missed a fantastic opportunity. It takes fifteen years to become an overnight success. Not with Robert's money, he is out.

Rick Smith Vegas Magic Show after Shark Tank

Rick Smith doesn't have a Vegas Magic Show yet. However, he is working on building his brand using cards to cut into celery, balloons, and other items.

His website prominently lists Coca-Cola as a sponsor of his act. He has appearances on Ellen, America's Got Talent, Shark Tank, The Tonight Show with Jay Leno, Stan Lee's Super Hero's and other shows.

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Salespreneur Dave Greco bombs in Shark Tank but teaches lesson

Barbara Corcoran, Daymond John, Kevin O'Leary, Mark Cuban, Robert Herjavec, Shark Tank, Shark Tank Season 3

Salespreneur, Dave Greco thinks he teaches anyone to become a salesperson. He makes some strong claims that he can sell anything to anyone, causing Shark Tank's Daymond John to challenge him to sell his pen to him.

Salespreneur Dave Greco started selling pencils as a child

The Salespreneur founder Dave Greco started selling pencils to his neighbors at five years old. His company claims to teach you how to sell more, and make more.

The Salespreneur system has two components. The Missile and the second is Roadmap. Dave sold $40,000 in the previous three months. He currently has three Fortune 300 accounts.

A typical sell is 10-20 books and a salesperson. Dave Greco claims SalesPreneur will increase sales forty percent, which is a considerable number, and one that lacks enough client base to prove in his presentation. That claim causes the Salespreneur to lose credibility in the Shark Tank.

Dave Greco sold Met-Life 140 books and says he will turn his program into a mobile application to scale Salespreneur.

Again Greco makes another claim, saying he took a small start-up's sales at $30 million to now $60 million. The Sharks know that it is impossible for the sales to have grown this much.

Let's get back to Daymond John, asking Dave Greco to sell his pen to him. Dave Explains the features, functions, and benefits of his pen, but he forgets to tie him down and close.

Company: Salespreneur
Entrepreneur: Dave Greco
Ask: $90,000 for 40% equity
Companies in this episode: I want to draw a cat for you, Salespreneur, Rick Smith Vegas Magic Show, Invis-a-rack, CittiKitty Update
Season: Season 3 Episode 302
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Barbara Corcoran, Robert Herjavec
First Aired: 01/27/2012
Deal: No Deal

What do the Shark Tank Investors say about Salespreneur

  • Mark Cuban asks Dave a simple question, going for the close. If I offer you $90,000 for 40% of your company, would you say yes! Dave got the exact offer he wants, and he doesn't close a deal that is right in front of him. He asks Mark what could they do right now, to do a deal. Dave Greco had a chance to close and diverted attention, away from Mark, he is out.
  • Daymond John goes out because Dave Greco forgets to tie down and close the sale on Daymond's pen.
  • Kevin O'Leary says apparently Dave Greco; the Salespreneur is not as good as he thinks. He is out.
  • Barbara Corcoran thinks he is doing too much, too fast. She is out.
  • Robert Herjavec is not buying Dave selling himself to using a mobile app to teach selling. He is out. Robert asks him how many people has he sold?

Salespreneur after Shark Tank

The Salespreneuer domain name is parked at GoDaddy and is no longer in use. Apparently, Dave Greco shut the company down.

Dave Greco blew the Shark Tank by being arrogant and failing to follow necessary selling procedures. He is probably a great salesperson but has his pitch destroyed.

Ironically, everyone is always selling themselves in everything we do. Dave's pitch makes me think about how I, who can be a great salesperson, will trip up like Dave in the places where I want to close a deal.

So, congratulations to Dave Greco, the Salespreneur. You helped me to refocus my daily pitch, and realize I make some of the mistakes you made. You will help me increase my close by refocusing on doing well, what I already know, but wasn't doing.

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