Ep 8. Week 7
- TV-PG
- May 6, 2011
- 43 min
-
7.9 (71)
In the eighth episode of Shark Tank season 2, titled Week 7, entrepreneurs pitch their business ideas to a panel of "sharks" in hopes of securing an investment.
The episode begins with a pitch from a man who has developed a new type of bait for fishing. He claims that his product is more effective than traditional bait and has already made sales to local fishing stores. The sharks express concerns about the product's scalability and ultimately decide not to invest.
Next, a woman presents her company that sells reusable shopping bags. The bags are made from a sustainable fabric and can hold up to 50 pounds. The sharks are impressed by the entrepreneur's passion for sustainability and the product's potential market appeal. They offer her a deal, which she accepts.
A man then pitches his unique lawn game that combines elements of bocce ball and horseshoes. The sharks are intrigued by the game's simplicity and potential for popularity, but ultimately decide not to invest due to concerns about the low profit margin and limited market.
In the following pitch, two brothers present their business which creates custom bobblehead dolls. They have already secured deals with a few sports teams and influencers, but the sharks are hesitant due to the low profit margin and difficulty in scaling the business. They ultimately do not invest.
Another entrepreneur then presents his company that creates personalized children's books. The books are filled with stories and illustrations featuring the child's name and interests. The sharks see potential in the product's customization and broad market appeal and make an offer, which the entrepreneur accepts.
Following the children's books pitch, a man presents his line of high-end toothbrushes. The toothbrushes feature a sleek and modern design and are made from sustainable materials. The sharks are impressed by the product's innovation, but ultimately decide not to invest due to concerns about the niche market and high price point.
The final pitch of the episode is from a woman who has developed a line of all-natural lipsticks. The lipsticks come in a variety of shades and are made from organic ingredients. The sharks see potential in the product's unique selling point and market appeal and make an offer, which the entrepreneur accepts.
Overall, Week 7 of Shark Tank season 2 showcases a diverse range of business ideas and illustrates the sharks' investment strategies and decision-making processes.