Shark Tank Paper

In: Business and Management

Submitted By tluberger
Words 899
Pages 4
Shark Tank is an American reality show produced by Mark Burnett. The show is about aspiring entrepreneurs bringing their business plan up in front of a panel of potential investors to see if they can sell their product to them and get the total investment amount needed. Today the first entrepreneur was Sarah Schulz the founder of Schulzies bread pudding. She was seeking an investment of $160,000 for a twenty percent equity stake in Shulzies. All the investors were able to try a variety of bread pudding which turned out to be a delicious surprise. The only thing lacking in Sarah's business was a stable yet sturdy business plan. The investors definitely wanted to help her, but the risk was far too high. As we all know, to have a successful business you have to have a successful business plan or you will crumble. The second entrepreneur was James Ambler who is the owner of Paparazzi Proposals. They go around capturing the perfect moment of a marriage proposal. He was seeking a $250,000 investment for twenty percent equity in his company. He explained to the panel that he wants to expand his business to cities other than just New York. The investors gave him helpful advice on how to go about the expansion and all recommended to first saturate his current market, New York City, and then go on to other destinations. Three of the “sharks” simply told him they don't see the need for that amount of money because the company isn't worth that much. Laurie was very interested but was wanting a bigger piece of the pie, because she felt like she could show him how to move the business into extreme success. Out of the last three investors, they all decided to give him a portion of what he was asking with thirty three percent of the business. Lori and Kevin decided to partner giving him $50,000 for thirty three percent and loaning the rest when he needed it.…...

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