Shark Tank Season 14/episode 3
Sharks: Mark, Kevin, Lori, Daymond, and guest Shark Kendra Scott.
1-Halloween Moments -Pumpkin Glove Scraper, you wear the glove, and it keeps you out of the sticky, slimy, cold, wet mess, with an attached scraper. Each kit comes with two kid friendly knives, gloves come in kid size, and adult size. Margins are great. He has partners, and they have a lot of debt. He put in very little money, but another partner put in a lot of money. They have patents. They had to buy 300k gloves from the manufacturer in China, and the partner financed it.
No deal.
2-Stakt Folding Exercise Mat-folding exercise mat, unfolded completely and it’s a yoga mat, or you can fold for more support. Margins, are great. Lori makes the deal. (Personally, I see no need to ever own an $86 mat)
3-Mama O’s Premium Kimchi-mother and son and wife operation. Fermented, spiced cabbage. They have sauce, mild and spicy, and very spicy. They have sauce, and the home Kimchi. Home kit to do Kimchi quickly looks impressive. Daymond and Mama O are making Kimchi, they use Napa cabbage, add Kimchi paste, mix gently, ready to ferment. Ferment jar has an air lock on top. Margins are decent. The two presenters are very impressive, and the product looks good. They’re in Whole Foods, William-Sonoma, and he funded everything himself. Lots of people like Kimchi, and would be a market for this, and maybe the home kit. The market for Kimchi is really big, and I'm shocked that one of the Sharks didn't make the deal. (Mama O did sound rehearsed, but if I was going to appear in the Shark Tank, I would have to rehearse a lot too. I get flustered, and hate public speaking, so I would have to have a script, and rehearse a lot so I don't screw up).
No deal. I’m surprised Daymond didn’t make the deal.
4-Create a Castle-Sand Castle Molds-Apparently Daymond either isn’t a fan, or used to be the kid that smashed your sand castle. They are split forms molds, with different designs, stackable. They have 12 worldwide patents. They work in the snow too. Kits go from $10 to $50, margins are only 27%. They’re in Costco Canada, and Sam’s Club. Kevin says raise the prices 30%, sell only online. Kendra and Daymond are making separate offers. They make the deal with Kendra.
Update on Fish Fixe-a fish delivery service. Lori invested. They switched fulfillment companies, and are doing very well.
Edited October 10, 2022 by CrazyInAlabamancG1vNJzZmien6fCrr%2BNqamipZWptq6x0WeaqKVfqbyxtcJoaGxsYWuBbr%2BQbZxpa12drq24zrCcnqZdoryusc2tqmarpJa4tXnMmqtmpZGirm670maaq52RqbJurYycmKysnJp8