‘Shark Tank’ review: Angellift, HangEase, the Bouqs Company, and Susty Party
“Shark Tank” is nearing the end of the season, but who says that this means the end of good products being shown off? This review is going to touch on all of the good stuff from Friday’s episode, which including everything from flowers to wrinkle removal to party supplies.
Want to be a part of our little party? We always want to hear your impressions on the products featured on the show. You can also click any of the names below to get more information on them.
The Bouqs Company ($258,000 for 3% of the company) – We hadn’t heard of this company at all before this week, but we’ve ironically heard of it a few times throughout the week away from the show. Great marketing from this team!
Almost every box was checked during this pretty strong presentation. Almost every question from the sharks was answered… at least with two exceptions. His valuation was really high even with potential in mind, and his name is pretty awful (we agree with Barbara Corcoran there). These problems, plus the fact that this business could be replicated by competitors, was enough to make the sharks not want to bite on what we still feel is a pretty strong brand. No deal.
Angellift (seeking $500,000 for 10% of the company) – This product is one in a space that we know absolutely nothing about: Wrinkle reduction. The issue with this product was not actually what was being sold here. It seems like it is capable of making money, but there was just something off about the presentation. You come on a show, where the primary purpose is getting publicity for your product and getting a deal, and claim that you want to hold off on sales to perfect things. This may not be sketchy, but it sounds that way. Perception is all that matters to some, and it felt more like the goal here was to get attention for the product more so than a deal.
Lori did agree to make a deal with the company for 15% of the business, but with interesting provisions. She wanted to see proof that everything he said about sales and about the patents were 100% true, along with clinical trials.
HangEase (seeking $80,000 for 30% of the company) – This was weird in so many ways. We don’t want to give this guy too much grief since we went to his alma mater, but this really seemed like a 19-year old pulling out a successful science project from a decade ago to try to make money on it. We don’t really blame him, since this was a nice project back then.
But, we were surprised once again to see a deal get made here, especially since he did get mostly what he asked for. The only real twist was that Mark Cuban and Lori want to see get some proof that the patent is legitimate and that they are protected.
Susty Party (seeking $250,000 for 10%) – In between the high-fives and the dancing, we like the fun and enthusiasm behind this product. The problem is that it’s a start-up when it comes to a retail company, especially one that goes into grocery stores. Slotting fees are expensive!
Major applause to these two for not taking Kevin O’Leary’s crazy offer that included equity as well as a loan in it. That would’ve been far too much given that they already are in the hole. They are doing some nice things (good-looking products, reasonable prices), but there is so much risk when it comes to competition and they are probably going in too many different directions.
Which one of these products would you want to purchase … if any? Share your thoughts below, and head over to the link here if you want to grab some more good stuff that we’ve highlighted all season. Also, sign up now for more good stuff via our CarterMatt Newsletter.
Photo: ABC