Episode 303 – Shark Tank Season 3
Episode 303 originally aired on February 17, 2012. The re-run features the quickest turnaround on a Shark Tank funded business: Talbott Teas. They got a deal with Mr. Wonderful and, after the show taped, Daymond joined in to facilitate a buyout by Jamba Juice. Entrepreneurs Steve Nakisher & Shane Talbott won't say how much they got paid to sell Talbott Teas, but they said “Shark Tank made up rich” in their follow-up segment in episode 314. Also featured in episode 303 is M3 Girl Designs, the business started by a 10-year-old girl; The Ledge Pillow, a comfort device for the well endowed; and the Last Lid, a one-size-fits-all trash can lid.
Success stories are shown every week, and Shark Tank Episode 303 follows up on George Podd & Rolf Schwartz and their company, Lightfilm. The pair made a deal with Daymond in season 1 for $750,000 for a 70% share of the light up decal business. They've had tremendous success licensing the product to professional sports leagues, colleges, and more. As of the follow-up date, sales are in the $5-6 million range. Lightfilm is a Shark Tank success story!
Episode 303 – The Shark Investors and Entrepreneurs
The Shark Tank Episode 303 entrepreneurs make their best pitch to the panel of five Sharks who invest their own money if they like a business. The Shark Investors negotiate on the spot without any previous information, which differs from normal negotiations with investors.
Companies pitching the Shark Investors must go through a rigorous due diligence process before the deal made on the air is completed. Shark Tank Blog follow ups help you keep track of the companies that end up successful and the ones that don't complete their deal.
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