‘Shark Tank’ video: Melni Connectors face the wrath of Kevin O’Leary

We will go into this particular “Shark Tank” preview article stating this: We have virtually no knowledge whatsoever of the electrical business. Therefore, we are probably one of the worst people imaginable to sit here and say whether or not Melni Connectors has a product that really can revolutionize the entire industry. Does the presentation make it look like a substantially easier project? Sure, but we have a hard time thinking that the average consumer is going to be aware of this so much more than we are.

If this business went in asking for a $500,000 valuation, maybe they would be able to come out of the tank still swimming. Given, however, that they are going in there asking for an enormous $10 million valuation, it seems in the video below that Kevin O’Leary is ready to rip off some heads! Why in the world would they expect to get this? Too many businesses go into the Tank thinking that the valuation is a starting point, and they can negotiate their way down. It doesn’t quite work like that. If you go in there asking too much, it is seen as a sign of disrespect. There’s no way that they will get something anywhere close to this.

Granted, we do think that this product has the ceiling to make tens of millions of dollars long-term, since it is not something that you buy just once and never again. Unfortunately, there’s no proof of anything right now. All they have is a pretty solid purchase order, but no definitive product.

Now, we’ll try to end with a reminder that there is something more positive out there. Head over here in the event you want to get some other news related to tonight’s episode, courtesy of another product spotlight!

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