The sharks hear pitches for a flavored mix-and-match lip balm.The sharks hear pitches for a flavored mix-and-match lip balm.The sharks hear pitches for a flavored mix-and-match lip balm.
Photos
Phil Crowley
- Announcer
- (voice)
Kim Nelson
- Self - Entrepreneur: Daisy Cakes
- (as Kimberley Nelson)
Stephanie Rensing
- Self - Entrepreneur: The Smart Baker
- (as Stephanie)
Storyline
Did you know
- TriviaEntrepreneur Scott Jordan of TEC asked for $500,000 for 15% of his company. However, Scott explains that he is only selling the patents and licensing of the product, he is not willing to sell the retail business which he has build and is on track to sell $12 million this year. Mark Cuban gets very upset when he figures out that the patent is just for running wires through clothing and that Scott has been involved in eleven lawsuits to protect the patent. Robert Herjavec asks Scott whether he would sell 15% , including the retail company, for $500,000. Scott exclaims that he would be insane to take that deal, but insists that he is there to negotiate. Mark again gets very upset about the patent for wires through clothing and insists that wireless is a better idea, and that Mark could start a company with wireless clothing and kick Scott's butt, and drops out, soon followed by Barbara because she thinks he would be difficult to work with, and then by Daymond John who thinks that Scott is greedy. Robert Herjavec and Kevin O'Leary both offer $500,000 for 15% for the patents and retail, or $1 million for 30% combined for the patents and retail. Before deciding Scott steps out to call Steve Wozniak (Co-founder of Apple), who is on his advisory board, to ask for advice. Woz tells Scott that the price is too low, and Scott comes back and instead of negotiating, he points to both Kevin and Robert in turn and tells them they are out and that he does not need any of them, and in a chorus of complaints from the sharks, he leaves.
- Quotes
[as Kevin and Barbara are about to kiss]
Daymond John: Don't get your dentures locked up, guys.
- ConnectionsFeatured in Shark Tank: Episode #4.6 (2012)
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Details
- Runtime44 minutes
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