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Gifts for Fans of Shark Tank

By Edited Jul 13, 2016 1 2

Give These Gifts to Your Favorite Shark Tank Fan

Every weekend, my children and I look forward to a special snuggle time as we watch one of our favorite programs together. Shark Tank is seen on Friday nights, but we are not always home to watch it. So sometime during the weekend, we go upstairs, get under the covers, and see whose dream will become a reality and whose will go down in flames.

After watching the show for a few seasons, we have gotten to know the different sharks and what kinds of questions they will ask and what kind of deals they like to make. After the product pitch, we try to guess which shark is interested before the questioning period. Anything QVC worthy? We bet Lori will jump at it. Does it have to do with fashion or fitness? Then that is right up Daymondâs alley. Food products are an item that Barbara likes to invest in. Technology is a coin toss-it can be either Robert, Marc, or Kevin.

As we watch each entrepreneur make his or her sales pitch, we can already see the issues and cringe at what is about to come. If we can see the problems, why can't they?

First of all, we eye roll when these magic questions  go unanswered:

How long have you been in business?

How many sales have you had?

How much money has your business made in the past year?

Haven't these people watched the show before? The sharks want proof that you are a viable business. That means you have to have some kind of sales data to back up the amount of money you are requesting from a shark. Do you think these astute multi-million and billionaires became wealthy from blindly going into business situations?

Once in a while, the five sharks love an idea but do not give the entrepreneur a deal. My children and I discuss why this happened, as why would they turn down a sound idea that they actually like?

Shark Tank is a great show for us to discuss dreams and visions and taking the steps to achieving them. If your family is into Shark Tank as much as mine is, here are some great gift ideas.

Gifts for Shark Tank Fans

Ice Chips Variety Pack

The brainchild of two grandmas!

ICE Chips Fruity Variety Pack - SIX 50g (1.76 oz)Full-size Tins in Most Popular Flavors
Amazon Price: $25.16 Buy Now
(price as of Jun 28, 2016)
Two grandmas started their business and hired family to help them, but they needed more money to expand. The went to the tank and got their financing from Marc Cuban and Barbara Corcoran. Now you can enjoy a multitude of flavors with this natural and healthy candy!

What Watching Shark Tank Teaches My Children

If you have ever taken an economics class, they can seem a bit boring and dry. However, they are necessary if one is to begin his or her own business. Watching this show is an opportunity to see economics in the form of live theater.

Shark Tank opens up a dialog between my children and myself. We talk about having a dream and taking the proper steps in going after it. Sure, you want to be a dancer, but what will it take? How can you use your talent in another way if you do not make it as a success? Shark Tank demonstrates that it takes more than a pipe dream to be successful.

The program also shows them the necessary attribute of being prepared. You have to know your business and your numbers inside and out in order to strike a deal. What happens to them if they are not prepared for a test? For inclement weather and they are walking home from school? Of not doing your share of the group project?

And speaking of numbers, if your kids are old enough, they can do the math. What is the valuation of a business that is asking for a $150,000 investment in exchange for a 20% stake in the company? Is that sound based on the presentation? Math does not have to be boring! Seeing the real life application is good for my kids.

Give the Chord Buddy to a Shark Tank Fan Who Want to Play Guitar

Do you want to start playing the guitar? With ChordBuddy you can begin to play songs from the first day you pick up your six string! Just attach it to your electric or acoustic guitar and you are ready to play.

Who Are the Sharks?

While there are five Sharks on the show at any given time, there are six of them in total.

Kevin O'Leary, a Canadian born billionaire, is the person who steers the negotiations, kind of
like a narrator drives the storyline. In his mother's garage, her created The Learning Company, a line of software for children, with $10,000 that he borrowed from her. . He sold it to Mattel for 3.7 of dollars. He likes companies that are friendly to the environment.

Barbara Corcoran made her fortune in the New York City real estate market. With a $1,000 loan, she created an empire. She wants to empower people to achieve their own dreams, and often spends her time giving motivational speeches to inspire others. She tells women to never underestimate themselves!

Mark Cuban is an entrepreneur who favors the candidates who have a "go out and get 'em" attitude. That is because he began his own businesses going door to door at the tender age of twelve. He has no patience for sales pitches that show any kind of laziness or place blame on someone else.

He owns the Dallas Mavericks and several other companies, which have made him a billionaire many times over.

An Entire Line of Safe Cleaning Products

Better Life Stainless Steel Polish, Lavander & Chamomile, 16 Ounces (Pack of 2)
Amazon Price: $10.20 Buy Now
(price as of Jun 28, 2016)
Better Life is an entire line of household cleaning products that are safe and natural. It gives your home the clean it needs without any added toxins. Safe to use around children and pets and all of their product line is reasonably priced and highly rated.

Mark Cuban on Jay Leno

Robert Herjavec is the American dream come to life. His family emigrated from Croatia, and they had very little money, as his parents worked menial wage jobs.

Undeterred by the circumstances in which he was raised, he set out to build a dot com empire. He has created and sold multiple millions of dollars of technology businesses. A no excuses kind of person, he set out with a goal and achieved what all who appear on the show wish to achieve.

Lori Greiner is not only a smart and savvy businesswoman, but an intellectual dynamo. She has invented over 400 items that used in American households and in places around the world. Her products regularly appear in national magazines, and she is the "Queen of QVC", a popular home shopping channel.

Entrepreneurs who strike a deal with her are almost guaranteed to be a success, as she has the drive and ambition to help others succeed, It is her way of making the world a better place, by giving back.

Daymond John is another shark who overcame his impoverished childhood and became a multi-millionaire. His mother taught him how to use a sewing machine, and he initially sold his merchandise on the streets of Queens, New York neighborhood. He created the FUBU brand, and over the course of a few years, earned multiple millions from his hard work and dedication.

He has written books and also does public speaking engagements on to others in his line of business.

Keep the Car Clean With Drop Stop

Drop Stop - The Original Patented Car Seat Gap Filler - Set of 2 (AS SEEN ON SHARK TANK)
Amazon Price: $18.89 Buy Now
(price as of Jun 28, 2016)
This product solves a problem many drivers have-things getting stuck in that tight space between the driver and the console. Your keys, crumbs and loose change will never be lost again!

Lori Greiner Offers Some Tips

Why is This Show So Successful?

When Shark Tank first premiered in August 2009, the ratings were so-so.  Debuting in summer is not the best time to launch a new program, and people were unfamiliar with many of the "Sharks" who appeared on the show.

That is no longer a problem.  The audience has grown by leaps and bounds over the past several years.

These six investors are helping to keep the American Dream alive in their own way.  Sure, only a handful of applicants ever get onto the show and even fewer make a deal.  For those that do land a deal, the legal and business team of the Shark investor goes over the numbers with a fine tooth comb.  If there are any red flags, the deal is over.  Liars and cheats will never get their product to market.

A Delicious Gift to Give

Nuts 'N More Almond Butter, Cinnamon Raisin, 16 Ounce
Amazon Price: $17.34 Buy Now
(price as of Jun 28, 2016)
This is just one in a line of successful "nuts'n more" products that were launched on Shark Tank. High in protein, the flavors include Peanut Butter, Almond Butter, Chocolate Almond Peanut Butter, Toffee Peanut Butter, Peanut Butter and Chocolate Coconut Peanut Butter.
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Comments

Apr 6, 2014 1:02pm
slimjim270

@MommyMommyMommy -

I too watch Shark Tank with my girls. When someone says $50K for 10%, my girls will ask "Why is it worth $500,000 Dad?"

Since the girls were in Middle School, they understood the basics of valuation, early stage vs proven market, and can quickly tell which pitches will get funded and which won't. Yes, I also watch Project Runway with my girls. Not for the cosmetic crud and emotional turmoil, but to help my girls develop "an eye" for predicting behavior and identifying selection trends by the show creators. The ability to identify trends and study behavior is a key business skill for them to learn.

Most important... I enjoy the great questions my girls ask and the opportunity to share with them why some ideas succeed and others don't get funding...

Some of the characters on the show I'm not so fond of their behavior - Marc and "Mr. Wonderful". Entertaining? Yes. But reality? No. I worked on several funding deals in a prior job and the investor rudeness normally doesn't show up until after the paperwork is signed. When the implementation/integration strategy doesn't go as anticipated, then the emotional jabs and rude comments start flying.

The opportunity to inspire my girls and to discuss techniques of fundraising is as much about interviewing skills as it is business development and growth.

Enjoyed your article.

Thanks,

-Jim
Apr 6, 2014 3:53pm
mommymommymommy
Jim, thank you for the thoughtful response. I,too, am not fond of "Mr. Wonderful" or of Marc Cuban's glare (kind of scary). While I have never watched Project Runway, I think that it is marvelous how your girls can figure out the valuation and ask questions. These shows have merit if used as a learning tool.

While some of the people just want to get onto the show for the exposure, I seriously wonder if any have watched it before entering the tank. If my 11 year old twins can spot the issues, why can't these adults who can be humiliated on television for millions to see?
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