How to get a deal from a Shark – Part II

How to get a deal from a Shark – Part II

To be Continued from Part I , If you havent went through PartI here is link. Now lets see these 2 Sharks Daymond John and Lori Greiner how to get a deal from these Sharks. Here are some of my findings ,

3. Daymond John : AKA Fashion guru . Founder, President, and CEO of FUBU . He is fashion guy likes to invest in Clothing and various forms varieties of Mens , womens apparels also in retail products . He has very few investments in software / app etc.

Offers :
He typically offers x amount of $ for 33% minimum , he hardly goes down below 33% equity / stake. If DJ makes an offer first and that you are eager to hear or hearing other Shark’s offer then usually withdraws his offer . He is very flexible in partnering with other Sharks . He has partnership / deal of HSN .

Successful deals on Shark Tank :

  • Bubba’s Q
  • Mission Belt

4. Lori Greiner : AKA Queen of QVC. She is a Inventor, entrepreneur, television personality, author, investor. She holds over 100 U.S patents.  Lori sticks to equity what she offers , because she is know for lightning speed in retail products .   She has very good relationship with some of largest retailers in U.S (Walmart , Target , Bed Bath and Beyond etc.) . She belives is her own strategy to bringing into retailer . Her majority of investment are in mass product which are appeal to larger cosumer rather than small target audience. She has very few investments in Bakery products / cookies / healthy products / software / mobile apps. etc.

Offers:

She takes atleast 15% equity depends of product / Business idea. If your product is not yet make it to retail her first step will be get into retail.

Successful deals on Shark Tank :

  •  Scrub daddy
  • Drop stop

All of these findings / analysis are based on my views might vary from person to person.

Image source : ABC.com

To be continued …..

Cheers,

RVD