Ep 16. Week 16
- TVPG
- February 15, 2013
- 43 min
-
7.6 (56)
In Shark Tank season 4 episode 16, titled "Week 16," aspiring entrepreneurs enter the tank to pitch their innovative business ideas to the sharks.
First up is a husband and wife team who have invented a product that helps reduce energy consumption in households. They are seeking an investment of $150,000 for a 15% stake in their company. The sharks are intrigued by the concept and impressed by the couple's knowledge of the industry. However, they are concerned about the cost and feasibility of manufacturing the product and offer some insightful feedback.
Next, a young entrepreneur pitches his line of natural and non-toxic cleaning products for pets. He is seeking a $100,000 investment for a 20% stake in his company. The sharks are impressed with his passion and dedication but question the market for such a niche product. They also have concerns about the scalability and distribution of the products.
Then, a father and son team presents their unique twist on the popular corn on the cob snack. They have developed a portable and customizable corn cooker and are seeking a $200,000 investment for a 20% stake in their company. The sharks are impressed with the product's design and potential for mass appeal. However, they express some concerns about the competition and the price point of the product.
The fourth pitch of the episode comes from a young woman who has created a subscription service for monthly craft supplies and project ideas. She is seeking a $75,000 investment for a 25% stake in her company. The sharks are impressed with her creativity and business model but question if there is enough demand for such a service. They also offer advice on marketing and competition.
Finally, an inventor showcases his revolutionary new kitchen gadget that can cut and peel fruits and vegetables with ease. He is seeking a $250,000 investment for a 15% stake in his company. The sharks are wowed by the product's functionality but have concerns about the cost of manufacturing and the potential competition.
Throughout the episode, the sharks offer valuable feedback and advice to the entrepreneurs. Some pitches are successful and result in deals while others fall short. Regardless of the outcome, Week 16 showcases the ingenuity and passion of the next generation of business leaders.