Jack's Stand Pitch - Shark Tank
Summary
TLDRMeet Jackie, a 10-year-old entrepreneur from Denver, Colorado, who turned his desire for a $400 Lego set into a thriving business venture. With the support of his father, Jackie launched Jack Stands and Marketplaces, a platform that empowers kids to learn about entrepreneurship, financial literacy, and business while having fun and making money. Offering a chance to sell lemonade and other products, Jackie's marketplaces inspire young entrepreneurs to share their stories and ignite a passion for business in others. Jackie seeks $50,000 for 10% of his company to expand his mission of inspiring the nation's youth through entrepreneurship.
Takeaways
- 👦 The presenter is a young entrepreneur named Jackie, who is accompanied by his father and seeks investment for his business.
- 🍋 Jackie started his entrepreneurial journey by setting up a lemonade stand at the age of 8 to afford a $400 Lego set.
- 🏆 After 12 weeks of running the lemonade stand, Jackie made $900 after expenses, showcasing his early success in entrepreneurship.
- 💡 The experience of running the lemonade stand inspired Jackie to create 'Jack Stands and Marketplaces', a platform for kids to learn about entrepreneurship.
- 📚 'Jack Stands and Marketplaces' aims to provide opportunities for kids and families to learn about entrepreneurship, business, and financial literacy in a fun way.
- 🛍 The company offers a platform for kids to sell lemonade and other drinks, expanding beyond the traditional lemonade stand concept.
- 🔑 Jackie's marketplace is designed to give young entrepreneurs the chance to sell their products in authentic market settings.
- 📖 The platform also tells the inspirational stories of these young entrepreneurs, adding a motivational aspect to the business model.
- 💼 Jackie is seeking an investment of $50,000 for a 10% stake in his company, indicating the valuation and his expectations from the investors.
- 🤝 The presentation poses a challenge and question to the investors, asking who wants to make money while inspiring the nation's youth through entrepreneurship.
- 📍 The business is based in Denver, Colorado, providing a geographical context for the venture.
Q & A
Who is presenting the business idea in the script?
-A 10-year-old kid entrepreneur named Jackie, along with his father Stephen, is presenting the business idea.
What is the name of the business Jackie is presenting?
-The business is called 'Jack Stands and Marketplaces.'
Where is Jackie from?
-Jackie is from Denver, Colorado.
What is the financial ask from the sharks?
-Jackie is seeking $50,000 in exchange for 10% of his company.
What inspired Jackie to start his entrepreneurial journey?
-Jackie was inspired to start his entrepreneurial journey when he wanted a $400 Lego set and decided to earn the money himself by setting up a lemonade stand.
How much money did Jackie make from his lemonade stand after 12 weeks?
-Jackie made $900 after expenses from his lemonade stand.
What valuable lessons did Jackie learn from his lemonade stand experience?
-The script does not specify the exact lessons Jackie learned, but it implies that he learned about entrepreneurship, business, and financial literacy.
What does 'Jack Stands and Marketplaces' provide to kids and their families?
-Jack Stands and Marketplaces provides opportunities for kids and their families to learn about entrepreneurship, business, and financial literacy in a fun way while making some money.
What products do the kids get to sell through Jack's marketplace?
-The kids get to sell lemonade and other drinks, as well as their own products in authentic and great marketplaces.
What is the main challenge and question Jackie poses to the sharks?
-Jackie's main challenge and question to the sharks is who wants to make money while inspiring the nation's youth through entrepreneurship.
What was the outcome of Jackie's initial lemonade stand venture?
-Jackie was able to earn enough money to buy his desired Lego Death Star set.
Outlines
🚀 Young Entrepreneur Launches Jack Stands and Marketplaces
The script introduces a 10-year-old entrepreneur named Jackie, who, inspired by the desire to own a Lego set at age 8, started a lemonade stand and made $900 after 12 weeks. This experience led Jackie to create 'Jack Stands and Marketplaces,' a platform designed to educate and engage kids and families in entrepreneurship, business, and financial literacy through fun and profit-making activities. The company offers opportunities for children to sell lemonade and other beverages, as well as to showcase their products in marketplaces, with the goal of inspiring young entrepreneurs and telling their stories.
Mindmap
Keywords
💡entrepreneur
💡lemonade stand
💡financial literacy
💡Jack's marketplaces
💡investment
💡
💡inspirational stories
💡opportunity
💡entrepreneurial aspirations
💡authentic marketplaces
💡aspirations
💡business
Highlights
10-year-old entrepreneur Jackie introduces Jack Stands and Marketplaces from Denver, Colorado
Seeking $50,000 in exchange for 10% equity in the company
Jackie's inspiration to start a lemonade stand at age 8 to afford a $400 Lego set
Making $900 after 12 weeks running the lemonade stand
Learning valuable lessons from the lemonade stand experience
Jack Stands offers kids the opportunity to sell lemonade and other drinks
Jack's Marketplaces provides a platform for young entrepreneurs to sell their products
The company aims to teach kids about entrepreneurship, business, and financial literacy
Jack's Marketplaces allows kids to have fun while making money
The platform encourages kids to share inspirational stories of their entrepreneurial journeys
Jackie's father supports the venture and appears on the show as well
The business model focuses on providing everything needed except the kids' motivation
Highlighting the importance of instilling a strong work ethic in young entrepreneurs
The Sharks are challenged to consider investing in a business that inspires the nation's youth
Jackie's confidence and determination despite his young age
The innovative approach of combining fun with learning about entrepreneurship
The potential for Jack Stands and Marketplaces to scale and impact more kids across the country
Transcripts
next into the tank is a kid entrepreneur
who wants to help other kids fulfill
their entrepreneurial aspirations
hi sharks my name is Jackie no I'm the
fountain to you of jack stands and
marketplaces and I'm from Denver
Colorado hi sharks I'm Stephen no I'm
Jack's dad I work for Jack
sharks I'm seeking $50,000 in exchange
for 10% of my company I ten years old
but when I was 8 years old
I really wanted a Lego set but it costs
$400 the good news was my dad said I
could have it but he's at the paper with
his own money so I did what most of you
probably would do I started my own
lemonade stand after 12 weeks I made
nine hundred dollars after expenses Wow
learned some valuable lessons and yes I
got my Lego Death Star the experience is
exactly why I created jack stands and
marketplaces jack stands and
marketplaces provides kids and their
families opportunities to learn about
entrepreneurship business financial
literacy while having fun and making
some money we provide everything except
their mood in their enthusiasm jack
stands offers kids the opportunity to
sell lemonade and other drinks we offer
kids the opportunity to sell more than
just lemonade Jack's market place's
provides young entrepreneurs the
opportunity to sell their products in
authentic and great market places and
have kids sell those great products and
tell the inspirational stories of these
young entrepreneurs so sharks our
challenge and question to you is who
wants to make money while inspiring our
nation's using entrepreneurship so
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