ABC’s Shark Tank went live Friday night for its Season 14 premiere, culminating in an offer unlike any other.
For the first time ever, Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John and Kevin O’Leary were joined by a studio audience as they were presented with unedited, unfiltered pitches from hopeful entrepreneurs — and for one night only, home viewers were asked to weigh in on whether our Sharks should take the plunge and make an investment. (The series returns to its regular, pretaped format next week.)
So, how many deals were made in real time? And what sort of offer did Cuban make the night’s third and final entrepreneur? Keep reading to find out…
PITCH NO. 1: COMPOSTABLE UNDERWEAR | Jeff and Stacy Grace enter the Tank seeking $200,000 in exchange for five percent of their company: Kent, maker of the world’s first compostable underwear. (When their time is up, you can literally plant your pants!) They’re on pace to do $500,000 this year, but they’ve valued the company at $4 million — ouch! Also not in their favor: One pair of their eco-friendly skivvies costs between $20-24, which is more than the average American can afford.
PITCH NO. 2: BABY BOOGER PICKER | Sina and Nina Farzin enter the Tank seeking $400,000 for five percent of their company: Oogiebear, a product line that helps children (and parents!) breathe more easily. It’s an $8 million valuation, but they have the sales to back it up. Since 2015, they’ve made over $15 million. This year alone, they’re on track to do $5.4 million in sales — and $1 million in profits.
Mark isn’t interested in a slice of the company; he wants the whole damn pie. So as they head into the final commercial break, he tells Tate to think what it’d cost to buy his company outright. After the break, Tate asks for $5 million, which Mark calls “insane,” but he tells Tate to keep thinking as he hears from the other Sharks. Mark ultimately offers him $1.5 million for the Pizza Pack, but Tate came into the Tank determined to work with Lori. He rejects Mark’s offer, as well as offers from Kevin (who offers him $100,000 for 10 percent… but tacks on a $1 royalty until he recoups his $100,000, at which point the royalty drops to 50 cents in perpetuity) and Daymond (who offers him $100,000 for 20 percent), and agrees to Lori’s offer: $100,000 for 13 percent.
What did you think of Shark Tank‘s live Season 14 premiere? Would you like to see another live episode in the series’ future — or was one live episode more than enough? Weigh in via the following polls, then sound off in Comments.Take Our Poll Take Our Poll
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