Brian Spencer thinks his product is the next big trend in action sports. He jumps into Shark Tank Season 2 to pitch Vurtego Pogo Sticks. Brian is asking for a half-million dollars for twenty percent of the company.
Vurtego Pogo Sticks have sold 7,000 pogo sticks that sell for $330 at the cost of $100.
Robert Herjavec thinks $330 is cheap for a Pogo Stick, and he could charge more. Brian thinks they need to mass market because most people cannot afford an expensive Pogo stick.
Kevin O'Leary wants to see the price go up by 100%.
Company: Vurtego Pogo Sticks
Entrepreneur: Brian Spencer
Ask: $500,000 for 20% equity
Companies in this episode: Toygaroo, Wake n' Bacon, First Defense Nasal Screens
Season: Season 2 Episode 202
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Barbara Corcoran, Robert Herjavec
First Aired: 03/24/2011
What do the Shark Tank Investors say about Vurtego Pogo Sticks
Mark Cuban thinks once you bring one of the Sharks in, it is not as cool. Mark believes Brian needs to be himself, and when you try to please everyone, you please nobody. Just be you. Mark is out.
Daymond John thinks the product is great and you're making sales, but you don't need the Sharks, so he is out.
Kevin O'Leary doesn't want to crush the pogo guys; he just wants to make money. He thinks he should charge $1200 and make an obscene profit. But Kevin is not giving him the money. He is out.
Barbara Corcoran thinks it is a miracle that someone has not got hurt yet. She is out. Brian responds if it is not mother approved it is good for them.
Robert Herjavec says he is the ultimate in cool, your hair is right, you look cool. He wishes he was involved, but he is out. He wants to buy the Pogo stick, and Brian offers to sell it to him for $1,200.
Vurtego Pogo Sticks after Shark Tank
Brian is selling Vurtego Pogo Sticks for a slightly higher price point than when he presented in Shark Tank Season 2. They are available on his website, and through Amazon in several different styles.