Ep 7. Week 6
- TVPG
- April 29, 2011
- 43 min
-
7.6 (67)
Week 6 of Shark Tank season 2 episode 7 features a variety of entrepreneurs with creative ideas seeking financial investment from the sharks. The potential investments range from a children's book series to a technology company, each presenting unique challenges and opportunities for the sharks to consider.
First up is an entrepreneur looking to revolutionize the children's book industry with a series of books that incorporate music and dance. The sharks are impressed by the ingenuity of the idea, but have concerns about the practicality of implementing it on a large scale. They question the entrepreneur about the potential market and revenue streams, pressing for specific details about how the books will be marketed and distributed. Ultimately, the sharks are split on whether to invest, with some seeing potential in the idea and others feeling hesitant.
Next, a tech company presents their product, a device that tracks and analyzes user movements to help improve athletic performance. Although the sharks are intrigued by the technology, they raise questions about the scalability of the product and potential competition from larger companies. Additionally, they question the founder's qualifications and experience, wondering if he has enough industry expertise to successfully bring the product to market. Despite these concerns, some of the sharks are interested in investing, while others pass on the opportunity.
The third entrepreneur presents a solution to a common household problem: a tool that quickly and easily removes pet hair from furniture and carpets. The sharks are impressed by the simplicity and effectiveness of the product, and are intrigued by the potential market. They ask the entrepreneur about his plans for marketing and distribution, seeking assurance that he has a solid plan in place. Although some of the sharks have concerns about competition from larger companies, they ultimately see potential in the product and consider investing.
The fourth entrepreneur is seeking investment for a company that produces organic, sustainable beauty products. The sharks question the founder about the ingredients and manufacturing process, as well as the potential market for the products. They express concerns about the crowded nature of the beauty industry and the difficulty of standing out in such a competitive market. Additionally, they question the founder's ability to scale the business and achieve profitability. Despite these concerns, the sharks see potential in the concept and consider investing.
Finally, the episode concludes with an entrepreneur pitching a high-end subscription service for luxury wines. The sharks are impressed by the entrepreneur's knowledge and expertise in the wine industry, but raise questions about the subscription model and pricing structure. They question whether consumers will be willing to pay the high prices for the service and whether the entrepreneur's projections are realistic. Although some of the sharks express skepticism, others are intrigued by the unique concept and consider investing.
Overall, week 6 of Shark Tank season 2 episode 7 features a diverse mix of entrepreneurs and ideas, each with their own strengths and weaknesses. The sharks consider each proposal carefully, weighing the potential risks and rewards before making their final decisions.