Tag Archives: shark tank

Startup founders who landed a deal with Mark Cuban on 'Shark Tank' used a 100-year-old piece of business advice to build their company from the ground up

Startup founders who landed a deal with Mark Cuban on 'Shark Tank' used a 100-year-old piece of business advice to build their company from the ground up

Nick Sky and Dan Stelmach, brothers who founded the student-loan-payment app ChangEd, say you need to “embrace the broom” to find success as an entrepreneur. Embracing the broom means doing whatever job that needs to be done and not thinking the work is beneath you. The advice can be traced back to Andrew Carnegie, the 19th-century business magnate. Through hard work and persistence, the brothers scored an appearance on “Shark Tank” and a $250,000 deal with Mark Cuban. If you want any chance at success as an […]

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An entrepreneur who went on 'Shark Tank' to pitch his 3-month-old startup in front of a national audience relied on an unusual memory technique to avoid panicking and forgetting his script

An entrepreneur who went on 'Shark Tank' to pitch his 3-month-old startup in front of a national audience relied on an unusual memory technique to avoid panicking and forgetting his script

On an episode of “Shark Tank,” Vibes founder Jack Mann received a $100,000 offer from Kevin O’Leary. He turned it down. Mann was initially nervous about messing up his pitch, so he hired a speech coach, who taught him an unusual memory technique. The memory technique involved associating keywords from each paragraph with a different image. Mann delivered his pitch seamlessly. Between the day Jack Mann was approved to appear on “” and the day the episode was filmed, there were about five weeks. “It was a […]

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Startup founders who landed a $55,000 deal on 'Shark Tank' rehearsed their pitch while running, dodging a hair dryer, and even punching each other in the face

Startup founders who landed a $55,000 deal on 'Shark Tank' rehearsed their pitch while running, dodging a hair dryer, and even punching each other in the face

Before they appeared on “,” the founders of Cousins Maine Lobster rehearsed their pitch over and over again. To make sure they had it down, they tried to distract each other, by blowing a hair dryer in each other’s faces, reciting their lines while running, or even punching each other in the face. Ultimately, cofounder Jim Tselikis said, their actual pitch was easier than the rehearsals — and they landed a $55,000 deal with Barbara Corcoran. In the months leading up to their appearance on “Shark Tank,” […]

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'What the hell were we thinking?' Startup founders who landed a $55,000 deal on 'Shark Tank' nearly missed their big break

'What the hell were we thinking?' Startup founders who landed a $55,000 deal on 'Shark Tank' nearly missed their big break

cousins maine lobster” /> The founders of Cousins Maine Lobster appeared on “” in 2012. They landed a $55,000 deal with Barbara Corcoran. When the “Shark Tank” producers initially reached out to them, the founders declined — twice — because their business was only two months old. Looking back, they say going on the show was one of the best decisions they’ve ever made. Cousins Maine Lobster opened for business in April 2012. In July, they landed a $55,000 deal with Barbara Corcoran on “Shark Tank.” But […]

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Two entrepreneurs who appeared on 'Shark Tank' scored $100,000, but a piece of advice from one of the Sharks ended up being much more important

Two entrepreneurs who appeared on 'Shark Tank' scored $100,000, but a piece of advice from one of the Sharks ended up being much more important

The entrepreneurs behind Kitchen Safe, a time-lock container, scored a $100,000 deal on a 2014 episode of “Shark Tank.” But the more important takeaway for them was advice they received from guest Shark Nick Woodman, the CEO of GoPro. Woodman told them to change the name of their company so people wouldn’t associate it strictly with kitchen-related items. In 2014, entrepreneurs David Krippendorf and Ryan Tseng scored a $100,000 deal on an episode of “Shark Tank” after delivering one of the most enthusiastic pitches in show history. […]

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4 years after 'Shark Tank' entrepreneurs gave a frenetic pitch at top volume that made Mark Cuban laugh, they aren't sorry they did it

4 years after 'Shark Tank' entrepreneurs gave a frenetic pitch at top volume that made Mark Cuban laugh, they aren't sorry they did it

The entrepreneurs behind the company Kitchen Safe won a $100,000 deal on a 2014 episode of “Shark Tank.” Their over-the-top pitch, which involved shouting and wild gesticulating, was one of the most memorable in show history. Krippendorf said their unconventional approach was a deliberate strategy and it allowed their passion for their product to shine through. Since ABC’s “Shark Tank” first aired in 2009, we’ve seen hundreds of hopeful entrepreneurs pitch their products to a panel of celebrity investors.  Arguably none of those contestants were as memorable […]

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The founders of a 'Shark Tank' success relied on a key piece of business-school advice to stay calm during the pitch that won them $100,000

The founders of a 'Shark Tank' success relied on a key piece of business-school advice to stay calm during the pitch that won them $100,000

When she appeared on “” with her husband, Mark Lim, Hanna Lim was incredibly nervous. They were pitching their startup, Lollacup, which produced safer sippy cups for kids. But Mark told Hanna to remember that the investors were their equals, not their superiors, and that alleviated some of her anxiety. Hanna Lim clearly remembers trying out for “Shark Tank.” There she was with her husband, Mark Lim, pitching their fledgling startup, Lollacup. The company produced safer sippy cups for kids, though it’s since expanded into other products […]

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A 'Shark Tank' entrepreneur who won $300,000 realized previous contestants were doomed by the same type of question

A 'Shark Tank' entrepreneur who won $300,000 realized previous contestants were doomed by the same type of question

Wombi Rose, a cofounder of Lovepop, successfully earned an investment deal on “Shark Tank” in 2015. He spoke with Business Insider about how he and his business partner prepared for their big pitch, and his advice is relevant for any budding entrepreneur. He said that knowing the financial details of his company inside and out was most important.  In the nine years “” has been on the air, we’ve seen hundreds of hopeful entrepreneurs pitch their ideas in front of a panel of celebrity investors, only for […]

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When the founders of dating app Coffee Meets Bagel turned down Mark Cuban's $30 million offer on 'Shark Tank' 3 years ago, they got dozens of emails calling them 'crazy,' 'greedy,' and 'stupid' — but they still aren't sorry

When the founders of dating app Coffee Meets Bagel turned down Mark Cuban's $30 million offer on 'Shark Tank' 3 years ago, they got dozens of emails calling them 'crazy,' 'greedy,' and 'stupid' — but they still aren't sorry

coffee meets bagel.jpg” border=”0″ alt=”dawoon kang coffee meets bagel” /> is a dating app, launched in 2012, that offers a more curated experience. In 2015, the Coffee Meets Bagel cofounders appeared on “,” where they declined Mark Cuban’s offer of $30 million for the entire company. One of the cofounders, Dawoon Kang, said she was convinced that it was the right decision, even though other people called them greedy.  When Dawoon, Arum, and Soo Kang walked onto the “Shark Tank” stage in 2015, they were hoping to […]

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Barbara Corcoran says there's a common thread among the most successful companies in her portfolio

Barbara Corcoran says there's a common thread among the most successful companies in her portfolio

Barbara Corcoran has appeared on “Shark Tank” for years, and has invested in many startups through the show. She is a successful entrepreneur in her own right: In 2001, she sold her real-estate company, The Corcoran Group, for about $66 million. Speaking with host Farnoosh Torabi on an episode of podcast “So Money,” Corcoran said the most successful companies in her portfolio are run by “partnerships” — two people instead of one. Barbara Corcoran started her real-estate business, The Corcoran Group, with a $1,000 loan, and built […]

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