A young couple from New York introduced their product on the Skark Tank. A little designer pocket that acted as a case for ipods and phones, and a little coil for your headphones to not get tangled. The product was immediately shot down by the sharks, as the idea was not very new and unique and really had no potential for a business. I agree with the sharks, as if I, myself, wouldn't buy the product, I would not invest in it.
The second entrepreneur was a urologist / Golfer who was marketing a p
roduct by himself for golfers. The idea was a club that you could discreetly pee into to relieve yourself on the golf course. Although most of the sharks saw it as a novelty item with no real potential, one shark, and avid golfer, bought the product for 25,000 for 70% of the product. This was a good deal on both sides I believe.
The second entrepreneur was a urologist / Golfer who was marketing a p
roduct by himself for golfers. The idea was a club that you could discreetly pee into to relieve yourself on the golf course. Although most of the sharks saw it as a novelty item with no real potential, one shark, and avid golfer, bought the product for 25,000 for 70% of the product. This was a good deal on both sides I believe.
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