Barbara Corcoran and the founders of FlaminGo Founder Smith Alan On Shark Tank (Image Source – Instagram/@sharktankabc)
Highlights
- Smith Alan Baggett presented a lightweight product that features a versatile 3-in-1 tip that is compatible with multiple devices.
- With his cowboy charm, Alan’s pitch was remembered as one of the most entertaining in Shark Tank history.
- It comes pre-charged and consumers might find this very useful when it comes to emergencies.
| Category | Details |
| Name | FlaminGo |
| Founder | Smith Alan Baggett |
| Industry | Gadget |
| Product | Portable Charger |
| Funding | Self-funded |
| Investment Ask | $100K |
| Equity Ask | 20% |
The market has a lot of portable phone charger options, but here comes the innovative mind of Smith Alan Baggett with his cowboy hat on Shark Tank season 16 episode 11 to pitch in for his brand FlaminGO. It clearly stands out due to its unique brand positioning.
FlaminGO is designed to be sleek, lightweight, and easy to carry. Its pre-charged functionality makes the product even more useful, as the consumers won’t need to worry about charging it before use.
One of its standout features is the versatile 3-in-1 tip, which ensures compatibility with nearly all smartphones, whether its an iPhone, an Android device, or another mobile gadget and even any other charging products like smart watches or portable Bluetooth headphones.
It is a product designed especially for emergency situations when customers find out that their phone’s battery is about to die, FlaminGO provides an instant solution, making it a lifesaver in emergencies.
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What Happened to FlaminGO On Shark Tank Season 16?
With his countryside accent, Smith Alan Baggett a cowboy auctioneer presented his innovative product in front of the prestige panel of investors. Coming from Georgia, Alan came with a small ask of $100,000 in exchange for 20% of his company.
FlaminGO’s ability to solve a common problem so efficiently impressed the sharks on the show. Kevin O’Leary heaped praises on his energetic pitch, describing it as one of the most entertaining presentations he had seen in 16-long years on the show.
The Sharks praised not only its functionality but also its well-executed branding and marketing strategy. The product’s smooth and compelling pitch earned it top marks from the investors, proving that it is more than just another charger—it’s a game-changer in the world of portable power solutions.
Acknowledging that all the right elements for success were in place, Kevin playfully stepped aside, sensing that Barbara was excited about the product and mentioning that Alan reminded her of her first lover. FlaminGO’s potential to be one of the emerging products in the marketplace was one big factor Sharks were optimistic about.
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Did FlaminGO’s Pitch Make The Cut To Get A Deal?
Alan asked for $100,000 for 20%, and following that, he playfully mentioned that with such a deal, he might even get to practice his “auctioneering.” He then mimicked a bidding war and acted as the auctioneer, which all the Sharks were super impressed by.
FlaminGO’s sales numbers were outstanding and despite that most of the investors opted out as tech wasn’t their area of interest at this point of time. However, Shark Tank investor Barbara Corcoran expressed strong interest in the product. She found the deal to be clear-cut and promising.
Barbara finally agreed to offer Alan a deal for his ask at 25% of his company, but she came down to 22% for crushing over the handsome cowboy and the two celebrated in some style as they closed the deal with a hug.
See what else is new! View other businesses featured in this episode.
