its funny that lori was the only one to re realize they are arguing over basically pennies and with the patents alone she cant loose any money on this deal
Lori just cane to her senses and was like they got patents, its wonderful idea and would fit perfectly on QVC, and they only want peanuts for 20%. Why not!!??
There was no way for her not to make atleast 10x her return. She could easily take this company to over a million in sales, and have that 10k worth 200k.
14:10 Lori just became the *Boss* in the room in an instant -- on a national TV (and of course Internet). That alone is worth more than 10K, especially considering the shift in priorities when you become such rich!
25% of prepdeck is a douchebag offer. The entrepreneur know he will get to 50 million in sales with or without a shark. If Lori was paying attention, she'd know that he is only there for some capital in exchange for some equity. He already knows what it take to get there. Lori, being full of herself is implying that SHE will be needed to get to those sales. Alex isn't here hoping a shark would call bed bath and beyond for his product, he simply need a loan, not a partner. 5% of a 50 million dollar company should be enough to wake up every morning, Lori. You underestimated the entrepreneur with a solid business plan.
the idea handyPan is not good at all and there is a reason for that low sale , u strain the grease and continue to cook on the stove .. what do u think is gonna happen ? clue : greasy side .. smoke .. lol..
Does the post office accept knives for shipment? Most of the time when I go through the post office they ask if I am sending anything sharp or dangerous...
I'd made a mess and my wife cleaned so I didn't care. When I discovered how much cleaning sucks, I invented a product :D Not the first product on Shark Tank I saw that was invented like that.
Kevin always gives such crappy offers. Glad the prep deck guy didn't take it. The offer should have been much lower interest on the loan and lower equity. Both would have still had huge benefit
So the first guy didnt even care that making a mess while cooking was a problem until after his wife was unable to clean up after him. What a gem. If I were his wife I would have been out the door a long time ago.
He was working and creating a whole multi million dollar business, and still was cooking. She cleaned up because that was her contribution in their partnership. She couldn't do it while pregnant. That's why he made this product. And look at him making 10 mil sales in one year. He wouldn't even look at you.
