The Sharks will be closing the NASDAQ on Tuesday January 5. All the sharks, along with a few entrepreneurs that have appeared on the Shark Tank this season will be on hand helping close the exchange.

Remember to watch Shark Tank this Friday at 9pm on ABC.

Update:

Check out Pork Barrel BBQ’s behind the scene video as the help the Sharks close the NASDAQ

Five money hungry sharks decide weather to invest their own money into a hopeful entrepreneurs business. The Sharks of “Shark Tank” are real estate mogul Barbara Corcoran, “infomercial” industry pioneer Kevin Harrington, technology innovator Robert Herjavec, fashion icon Daymond John and financial expert Kevin O’Leary.

Tod Wilson of Mr. Tod’s Pie Factory was first into the tank, he needed money to expand his business to meet demand. Although he ran a profitable retail pie business over 50% of his business came from wholesaling sweet potato pies, he had sales of over $850,000 last year. McDonald’s is interested in carrying his product in the southern states. He was asking $460,000 for a 10% stake in his business. Barbara and Daymond offered the money for 50% of his company and Tod accepted the deal.

Darrin Johnson presented his invention called Ionic Ear. He was looking for $1 million for a 15% stake in his company. The Ionic Ear is a Bluetooth device which is surgically implanted in the ear. As expected the Sharks laughed at him, and he didn’t get any investment. I actually wonder if this was a real business because I am unable to find any reference to a Darrin Johnson or a Bluetooth device called Ionic Ear anywhere online…

The next entrepreneur was Kevin Flannery who had to mortgage his house to keep his company WiSpots afloat. WiSpots is a content delivery system (advertising) which would be set up in doctors offices allowing patients to surf the net while waiting for their appointments. He was seeking $1.2 million for a 10% steak in his business. The units cost a little over $9 thousand and the sharks were positive doctors would not pay for it. They all opted out, and encouraged him to give up his business.

Next to enter the tank was Tiffany Krumins. She was looking for a $50 thousand investment for a 15% stake in her business, Emmy, an elephant that helped deliver medicine to difficult children. Tiffany was in need of mentorship, she had no patent, no mold, and nothing much more than a idea. Barbara offered Tiffany the money for a 55% stake,  which she accepted.

Last was Omar Solomon and Nick Friedman with their business College Foxes Packing Boxes. They would send good-looking girls to help pack up boxes on moving day. This business was a sister business to College Hunks Hauling Junk which sent guys to help move. Omar and Nick were only offering an investment in College Foxes Moving Boxes but the sharks wanted both. Omar and Nick asked for $1 milling for a 10% stake in both business. No one was interested, Robert counted with $250 thousand for a 10% take in College Hunks Hauling Junk and a 50% stake in College Foxes Packing Boxes. The guys were not interested.

Next week the Sharks hear a pitch from Mark Furigay an inner-city schoolteacher who has a unique way to get kids to learn. Sensing that a gourmet food business is about to make it big, Susan Knapp the owner watches as the Sharks fight it out for a piece of her business. Also, the Sharks are so impressed with a life-saving idea that an astonishing one million dollar offer is made. Will this headstrong entrepreneur accept the offer or will his ego stand in the way?

Mark Burnett has announced his first Shark and he is also a Dragon. Kevin O’Leary has been announced as one of the Sharks on Mark Burnett’s The Shark Tank that will air on ABC. Kevin O’Leary is one of the Dragons from the Canadian version, which airs on CBC.

Kevin O’Leary knows all about obtaining money. The Montreal native made a fortune helping to develop an educational software company in the 1980s and ’90s that eventually sold to Mattel in 1999 for $4.2 billion. After that success he move to the storage business, selling his stake in Storage Now in 2007 for $110 million. He’s now chair of Gencap Funds LP, which manages several global equity funds. Mr. O’Leary’s also co-hosts a show about invention on Business News Network.

O’Leary is all about the money, often ignoring spay stories and concentration on profit. “I don’t worry about people’s feelings when it comes to money. I worry about their money.” He says. I like to just speak the facts. If people find that emotionally distressing, so what? I speak the truth.”

Filming is set to start early next month

Source: Toronto Star

The blood is in the water, but who will be Mark Burnett’s Sharks?

Mark Burnett, new show Shark Tank is in the middle of a search for interesting entrepreneurs who are looking for financing to take them to the next level. Shark Tank is a TV show based on Dragons Den which originated in Japan. The show has been adapted for different markets and now airs internationally. Entrepreneurs pitch their ideas and business to multi-millionaire business men, trying to convince them to invest in exchange for a percentage of their company.

Pitches rang from the crazy

To amazing

My question to you is who would you like to see as the Sharks this season?