Ep 9. Week 9
- TVPG
- October 13, 2009
- 43 min
-
7.6 (81)
In Shark Tank season 1 episode 9, the show introduces a brand new set of entrepreneurs looking to pitch their businesses to the Sharks and secure vital funding. Episode 9, titled "Week 9," sees each of the entrepreneurs hoping to walk away with a financial backer, as well as a wealth of business expertise.
The first pitch comes from a unique business which aims to provide a practical solution to a universal problem - keeping produce fresh for longer. The company showcases a collection of reusable containers made from high-quality materials that are designed to keep produce fresher for longer. The Sharks are impressed and keen to invest, but ultimately demand a higher equity share than the entrepreneur is initially willing to offer.
Next up is a company that is looking to revolutionize the dating market with a new, innovative app. The entrepreneur behind the app, a single mother, believes that her business can help people find lasting love in an increasingly digital world. While the Sharks are intrigued, they are concerned with the cost of building and marketing the app, and are weary of the competitive dating app market.
The third entrepreneur to pitch their business to the Sharks is a brand-new fitness concept that aims to combine workout classes with a luxury, spa-like atmosphere. The entrepreneur has designed a unique workout space complete which is fully equipped with all the necessary amenities that make going to the gym feel like a day at the spa. The Sharks see tremendous potential in the business, but question the practicality and demand for such a high-end gym experience.
The episode's fourth pitch comes from a business entrepreneur which is looking to provide a solution to a widespread problem in the modern world: online shopping. The entrepreneur has designed a unique system for online retailers that enables customers to try products in their own homes before deciding to purchase - eliminating the issue of wasted shipping and returns. While the Sharks see the value of this idea, they are concerned that the logistical challenges of implementing such a system may be too much too handle.
Finally, the Sharks hear a pitch from an innovative new online grocery store that is revolutionizing the way that people shop for their weekly groceries. The company's founder believes that by sourcing products directly from the farmers that produce them, he can deliver high-quality, healthy and affordable groceries straight to the consumer's door. While the Shark's are impressed with the business model, they are hesitant to invest due to concerns around achieving significant market share.
As always, the Sharks provide valuable feedback and advice to each of the entrepreneurs, offering their extensive experience and knowledge to help them take their businesses to the next level. With each pitch, tensions rise as the entrepreneurs negotiate their terms, and the Sharks battle to secure a deal that will benefit both parties. In the end, the question remains - who will walk away with the investment they need to make their business dreams a reality, and who will leave empty-handed?