Since 2001, we've posted 20,581 different business opportunities and ideas, so you're sure to find something here to inspire you!
Episode 1 of The Shark Tank
In The Shark Tank has a good recap of the first episode of the The Shark Tank:
Tod Wilson of Mr. Tod’s Pie Factory was first info 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.
The next entrepreneur was Kevin Flannery who had to mortgage his house to keep his company WiSpots afloat. WiSpots was 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.
Related Businesses in the Directory
Related Posts
Related Resources
No comments yet.
Leave a Reply