Shark Tank season 6 premiere, had part two. After an exciting opening of new season, fans got a second dose of Shark Tank that same night. First into the tank were Alice Brooks and Bettina Chen pitching Roominate. The ladies asked the Sharks for a $500,000 investment in exchange for 5% equity in their girl-focused toy company. The women designed Roominate to empower female engineers and innovators, through a building-based toy with working circuits, spinning fans, and functional lights.
Finally Shark Tank is back with new season 6. First presenters opening the season were Stephanie and Brett Parker from Texas. Entrepreneurs presented their snuggle worthy company Sleeping Baby. They asked the Sharks for a $200,000 investment in exchange for 10% equity in their baby swaddling company. Sleeping Baby’s hero product is the Zipadee-Zip, a product similar to a swaddle, but that allows babies a bit more movement as they get older. To date, the Parkers have sold 25,000 units, a little more than $1 million worth, at a price point of $34.95-$39.95.
Shark Tank season 5 episode 30 started with Matthew and Emily Griffin, owners of Baker’s Edge, a company designed around a baking pan with interior edges, designed to edge-ify every brownie in the pan. The Griffins asked the Sharks for a $400,000 investment in exchange for 20% equity in their company. Having done $5.8 million in sales since 2006, the Griffins are now looking to enter the traditional bakeware industry. They peaked at $1.7 million in sales a year after an appearance on Oprah’s Favorite Things list, however business hasn’t been nearly as high since then.
Shark Tank Season 5 episode 25 started with Corey and Swapnil, representing their smarter spin on lightbulbs, Ilumi. The men asked the Sharks for a $350,000 investment in exchange for 15% equity in the company. Ilumi lights are smartphone-controlled lighting that allows users to simulate a sunrise, schedule lights to turn on/off, and even change the colors of the bluetooth-enabled bulbs. At present, Ilumi is in the final stages of development and is hoping that a Shark’s investment will help them begin the tooling process to get the bulbs in consumers’ hands by the end of the year.
Shark Tank Season 5 Episode 24 starts with Taylor Robinson, representing his self-titled company, Taylor Robinson Music. The company claims to revolutionize the way people find and hire private music instructors through the use of an online portal. Taylor asked the Sharks for a $100,000 investment in exchange for 10% equity in his company. Essentially Taylor Robinson Music allows students to search for and hire private instructors, and TRM gets a small commission from every lesson booked. He’s made $2.5 million in the past 5-6 years, including $450,000 last year along.
Shark Tank season 5 episode 23 started with Scott Adams presenting his idea that he hopes will get the Sharks to jump up and wave their arms in the air. And if they don’t, Scott’s got it covered with his clan of mechanized cut-out sharks he brought along to accompany him in the tank. Scott asked the Sharks for a $225,000 investment in exchange for 15% equity in his company, Velocity Signs. Velocity Signs is Scott’s answer to the problem of paying someone to stand outside of storefronts wearing sandwich boards of holding signs.
Shark Tank Season 5 episode 22 started with interesting presentation of balanced breakfast: Kodiak Cakes founders, Joel Clark and Cameron Smith, asking for a half a million investment in exchange for 10% equity in their company. Kodiak Cakes offers a line of whole grain pancake/flapjack mixes made with no added fats or sugars. In addition to the mix, they also manufacture a line of fruit syrups, which are met with rave reviews by the Sharks.
Shark Tank season 5, episode 16 started with Chris Pouy and Tiffany Panhilason owners of flavored milk manufacturer. Chris and Tiffany asked the Sharks for a $250,000 investment in exchange for 10% of their company Cow Wow Cereal Milk. Reasoning that the best kind of milk is the milk left in the bottom of the bowl after a sweet cereal, Chris and Tiffany founded Cow Wow. They’re looking to break into the $1.5 billion dollar flavored milk category, but to date only have about $20,000 in sales.
Shark Tank season 5 episode 15 started with Betsy Johnson and her brother Berry Wanless, founders of SwimZip, a sun protective swimsuit line. Betsy and Berry came in seeking $60,000 in exchange for 5% equity in their company. Inspired by her own battle with skin cancer at age 26, SwimZips block 98% of cancer-causing UVA and UVB rays. The Sharks are definitely impressed with SwimZip’s $225,000 in sales in just their third year, but they also have reservations about the company’s business plan and high valuation.
Shark Tank season 5 episode 14 started with Lauren Padawar from Alaska, pitching her business Alaska Glacial Mud Company. Lauren asked the Sharks for a $100,000 investment in exchange for 20% equity in her company. Alaska Glacial Mud Company was born when Lauren discovered that the buttery Copper River mud left her skin glowing during a wilderness rafting trip. She found that the mud’s microfine clay particles release toxins and exfoliate dead skin, and she’s been selling it ever since. Her sales to date are $36,000/year, and she markets AGMC to spas around the world.