Sharks and the Business Owners (Image Source – Instagram_@sharktankabc)
Shark Tank season 16, episode featured entrepreneurs with creative ideas and exciting products, which include a portable three-in-one charger, a DIY electric vehicle kit, a take-home sweet potato pie and indoor bumper cars for kids. This episode was so much fun as every entrepreneur had the most unique way to present the pitch. Another exciting segment was the success story of Dude Wipes which is one of the most successful companies today which got backed on the Shark Tank,
It came up from a simple idea between three childhood friends that came on Shark Tank. It has quickly become a major player in the personal hygiene market. With annual revenue over $100 million, the company has gained attention for disrupting the toilet paper industry with its humor-driven marketing and efficient operations and guess what it has done half a billion dollars in sales till date. Mark Cubian, a notabile investor on Shark Tank, has been a strong supporter of Dude Wipes since their appearance on Season 7, episode 13 and is also a proud mentor for the brand.
Shark Tank Season 16 Episode 11 Pitches Pitches
Shark Tank season 16, episode 11 featured some of the best ideas in business, people who showed their problem solving products that pretty much impressed each and every Shark. Some one helped the phone charging issue with a handy portable charger, while another one made learning fun with its unique product. One independent woman came with her ancestral recipe of making delicious pie that made the Sharks say vow! while the last one brought one of the most fun toys for kids at a reasonable price.
FlaminGo
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There are a lot of portable phone chargers in the market but FlaminGO is unique when it comes to its brand positioning and its handy mini size. It is a durable pre-charged phone charger with a versatile 3-in-1 tip that fits any cell phone! Your phone battery is almost dead? well this will help you out even if its an android or an iPhone. FlaminGO stands true to its problem solving nature and is so handy that you can carry it almost everywhere. The sharks on the show were impressed by FlaminGO’s smooth pitch and gave full marks for its branding!
Lectec
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Lectec is an easy-to-assemble electric skateboard, scooter, and bike kits which may motivate the inner Engineer in the young ones out there. The product is so innovative and tech savy yet easy to use and who knows this might well inspire the generation of engineers by engaging students with STEM experience. The product is easy to assemble and quite brilliant when it comes to the affordable costing.
Joyebells
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Richmond-based independent entrepreneur Joye B. Moore who is the founder of Joybells pitches her family recipe-inspired gourmet pie business on Shark Tank. Moore was one of the rare candidate to be selected from tens of thousands of applicants to present her company to the panel of investors known as the Sharks for a potential investment and yes she did impress them. The Sharks loved the Pie and said it is hands down one of the best ever they had till date but did she get an investor is the question that will be answered next?
Bumpeez
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Bumpee is a one hell of a revolutionary tory product for kids that raises their excitement of bumping cars right at their home. It is the first-ever patented at-home bumper car that features an adorable self-inflating character built directly onto the car. This unique design that pops out a unique Dinosaur character, makes ride super fun for the kids. One of tbest features of Bumpeez is its ability to control it automatically with remote which the parents might love and is game-changing aspect for the disabled kids. The kids demonstrating the product was fine but Sharks Kevin O’leary and Robert Herjavec literally took a ride of the mini toy car. Bumpeez is suitable for kids as young as 18 months as it truly delivers a safe riding experience for the little ones.
Entrepreneurs Featured In Shark Tank Season 16 Episode 10
Smith Alan a cowboy with an impressive pitch and product of a portable phone charger did won Barbara Corcoran by the end. Tech geeks Jared Ebersole and Luke St Amand presented their brand Lectec which is self-assembled affordable skateboard and bike kits leaving a lasting impressions on the sharks.
1. Smith Alan
Business Name: FlaminGo Chargers
- FlaminGO is a mini-sized pre-charged portable phone charger with a 3-in-1 tip for all devices.
- It ensures your phone stays powered anytime, anywhere as it is super easy to carry.
- Its strong branding and smooth pitch impressed the investors on the show!
Deal Status: Alan impressed the sharks with his pitch and revealed how it took $3,65 for him to make the product while he sold them for around $12.99-$19.99 retail. The cowboy finally sealed the deal with Barbara who offered $100,000 for a 25% stake in the company, but finally agreed for 22%.
2. Jared Ebersole and Luke St Amand
Business Name: Lectec
- Lectec’s electric kits inspire creative young minds to lay their hands-on STEM experience.
- Simple assembly and budget-friendly pricing make it accessible for all which is its best part.
- Kids can now assemble bikes, scooters and skateboards with cutting-edge electric technology.
Deal Status: The geeky founders talked about the numbers and how their brand made a sale of $146,000 so far. Robert was too quick to offer them $100,000 for a 25% stake. Kevin showed interest and wanted royalty. After final talks they cracked the deal with Robert who decided to come down at $100,000 for a 15% stake because he loved their product.
3. Joye B Moore
Business Name: Joyebells
- Joye B Moore, founder of Joybells, presents her gourmet pie business and her brand was also awarded as the best pie of 2023.
- Her family recipe-inspired delicious pies leaves the Sharks impressed.
- The Sharks declare her pie one of the best they’ve ever had, highlighting its exceptional taste.
Deal Status: Joye’s pie recipes are passed on from generation to generation from her family and she asked for a whopping $600,000 for 10% equity in her company. Despite the fact that Joyebells won the best pie in the nation award in 2023 by the American Pie Council. Every shark opted out due to the low profit margin and the big amount asked for investment.
4. Michael Bergida and Israel Schaya
Business Name: Bumpeez
- Bumpee is the first-ever patented bumper car for kids, that also features a fun Dinosaur character.
- It comes with a remote control, making it a game-changer for parents and even disabled kids.
- Even Sharks Kevin O’Leary and Robert Herjavec couldn’t resist took a ride of the kids car toy and heaped praises about the product.
Deal Status: Bumpeez founders Michael Bergida and Israel Schaya asked for $100,000 for a 10% equity of the company. It is a patented at-home safe to ride car which gives an amusement park feel to kids. Kevin O’Leary was ready for $100,000 for 30%. Two sharks jumped in quickly for the negotiations! Robert said he would give them $100,000 for 25% and Barabara would give them same price at 10%.
After insisting on other sharks to join in, the founders of Bumpeez asked Robert and Barabara to be on board with them. They offered a 5$ per units royalty on the first 50,000 units they sold and then finalised $100,000 for 15% equity.
Shark Tank Season 16 Episode 11: Dude Wipes Update
Dude Wipes got a special mention in Shark Tank season 16 episode 11’s special segment and it has an inspiring success story. It was created in 2011 by childhood friends Sean Riley, Ryan Meegan, and Jeffrey Klimkowski from Chicago. Riley was frustrated with toilet paper and started using baby wipes, but they weren’t made for adults. This led to Dude Wipes, a flushable wipe for men. The founders invested $30,000 from their savings to produce the first batch. With little money for marketing, they promoted it by handing out samples at colleges, music festivals, and fraternity houses, growing the brand through grassroots efforts.
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Mark Cuban has been a mentor for Dude Wipes since their appearance on Season 7, episode 13 of the show in 2015. Today they have made donations to non-profit organizations of $250,000 till date and their company has done half a billion dollars in sales till date. Another hit brand that appeared on Shark Tank.
