Shark Tank Season Finale Recap

Well that’s it folks, this week was the last episode Shark Tank, for this season (hopefully). Good news is ratings were up by 19% from last week, this is the fifth consecutive week for a ratings gain. This weeks episode was filled with some great businesses, all looking for investment from the Sharks. These entrepreneurs needed the wealthy Sharks to take their businesses to the next level.

Jeff Wolsky was first to test his skills against The Sharks. His business The Bobble Place is a kiosk system, to sell his successful line of custom-made bobbleheads dolls. Customers will provide a picture of themselves and pick out of body for their bobblehead. Then the bobble head will be custom-made by Jeff’s already existing business, The Bobble Place is a separate business from his wildly successful online business. Jeff was looking for $75,000 for a 15% equity in his business.

The sharks were not really interested in his concept. But they were really interested in his already existing business, the problem was Jeff was not willing to include that in the deal. With over $1 million in sales and has other business and profits in the range of $500,000-$600,000 the sharks really wanted a piece of this deal.

Kevin first offered $75,000 for 18% of his online business, and then offered $100,000 for 20% of his online business. He also forbid Jeff to ever talk about moving into a mall again. Jeff said he didn’t need the money, but then Robert offered 125,000 for 20% of his online business. Jeff then countered saying it except both offers were combined total of $225,000 for 20%. After a brief discussion Robert and Kevin O offered 100,000 for 20%, Jeff countered with $100,000 for 7% both sharks were out.

I honestly think that Jeff was not looking for a deal, he only came on the show for publicity. I’m sure his sales went through the roof, good for him.

Second into the tank was Sandy Hyun and Roman Pietrs and their business Mr. Poncho. Mr. Poncho is a protective cover for MP3 players, with the way to keep your headphones from getting tangled. They were looking for $50,000 for 25% stake in the business.

The business is two years old and last year had sales of $35,000, the protective case is patent pending, but the innovative cop is just a re-purpose patent. This means that somebody else owns the only innovative or interesting part of this business. No sharks would bite, and Sandy and Roman left empty-handed.

Next to take a dip in the tank, was Dr. Floyd Seskin. Dr. Seskin is a urologist and an avid golfer, he came up with this idea after some of his patients complained about having to slice the ball into the woods in order to relieve themselves. His business UROClub is a product that allows men to urinate into a hollow club that looks like a seven iron.

The doctor had sold 3000 units last year and had sales of $70,000. This was not enough to convince most of The Sharks and one by one The Sharks dropped out. All except for Kevin H who offered $25,000 for 70%, Dr Seskin was looking for business experience and not money so he accepted the offer.

The last pitch of the season was from Brian Duggan and Adam McCombs and their business Jump Forward. Jump forward is an online system that allows high school athletes and their parents to create detailed profiles and market themselves to college coaches. They also created a Blackberry application, that allows coaches to negotiate the difficult rules on contacting high school athletes. If these rules are broken it could lead to large fines for the universities. The colleges pay a subscription fee and so far 30 different schools assigned up, and they have 60,000 students who’ve created profiles, for free.

Kevin O was the first to bite, with an offer of $200,000 for 20% of the business. Robert quickly offered $300,000 for 35%. After asking entrepreneurs to step out of the tank Robert and Kevin came to an agreement, and offered $400,000 for 50% of the business. Brian and Adam rejected the deal. Robert then offered $500,000 for 50%, when it looked like they wouldn’t accept that he offered $600,000 for 50%. Brian countered with $750,000 for 50% or 300,000 for 25%. Robert and Kevin were unwilling to budge from the $600,000 offer, just what I look like the deal was going to fall apart Brian said Done.

One of the best negotiations of the season, I am glad they left one of the best for last.

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