On Friday night’s episode of “Shark Tank” the investors; Mark Cuban, Daymond John, Kevin O’Leary, Barbara Corcoran, and Robert Herjavec, received offers from entrepreneurs who needed a partner with their expertise to start, save, or grow their businesses.
The first to enter the tank were 3 guys who had invented Oru Kayak, with an original on the always bulky kayak, this could actually fold into the size of a suitcase and yet unfolded as though origami, turn into a water tight and safe kayak. It was indeed one of the most fascinating and inventive products seen in a very long time, some sharks vowed out because of their lack of knowledge in the sport. They asked for $500,000 in exchange for 12% of their company, Robert Herjavec was excited however, careful. He offered the half million dollars but in exchange for 25% of the business, the men countered, he stood fast and the offer was accepted.
Next up was Jayla Siciliano asking for $150,000 in exchange for 35% of her company Bon Affair a combination of wine spritzer with less alcohol and yet refreshing. She had already lost much inventory due to a mishap at the bottling company and needed the investment and advice to keep the company afloat and fulfill orders. The sharks went out with the exception of Mark Cuban, -owner of the Dallas Mavericks-, he offered her exactly what she asked, and although not certain of the company’s chances still felt compelled to give it the benefit of the doubt.
The last entrepreneurs of the night were a couple asking for $200,000 investment in exchange for 20% of the company named Cinnaholic, a new and healthy version of the cinnamon role. They wanted the money to open another store, which all sharks felt was not right at this time. The sharks each received a role that would caterer to their specific likes and they all commended the couple on a delicious and decadent pastry. Robert made an offer of $200,000 in exchange of 40% contingent on selling them online as they should since it is such a new business and they are manufacture in such a way that they don’t perish as quickly as other cinnamon rolls. Mark was left but did not make an offer and they happily accepted Robert’s offer.
“Shark Tank” runs on Friday at 9 p.m. EDT on ABC.