Today’s episode (well last night’s actually) of Shark Tank on Dave saw Grease Monkey Wipes look for $40,000 for 40% of the business. The two cyclists who came up with a ‘new’ cleaning agent that used citrus as the main ingredient charmed two sharks into setting up a deal.
You can watch the full 10 minute pitch here: http://www.youtube.com/watch?v=esXY0klnfbA
I personally love trying to guess if they are going to be a success or not and then finding out the updates online. I was 100% certain (and right) about that silly Nubrella idea, but I wasn’t quite sure about the Grease Monkey Wipes. I think it was a 50-50 gamble. It could pay off as they could benefit from a wider distribution network and being a first mover, but likewise there is a lot of competition in those kind of markets and they could be easily replicated.
Find out what happened here:
No comments:
Post a Comment