Wake’N Bacon Tries To Cook Up A Deal | Shark Tank Worst Pitches

Summary

In this entertaining pitch, Maddie presents her quirky invention, the 'Wake and Bacon' alarm clock, which wakes users with the smell and taste of sizzling bacon. Despite its novelty, the product faces skepticism from investors, who raise concerns about safety and market demand. Maddie requests $40,000 for a 20% stake to fund mass production, but struggles to convince the investors of its potential beyond a gag gift. Despite a few humorous offers and remarks, none of the investors commit, leaving Maddie to rethink her project. The pitch ends with a humorous exchange about the 'pig box' prototype.

Takeaways

• 😀 Maddie presents 'Wake and Bacon,' an alarm clock that wakes users up with the smell of cooked bacon.
• 😀 The product works by heating pre-cooked bacon at a set time to release its aroma, waking up bacon lovers.
• 😀 Maddie is asking for $40,000 in exchange for 20% equity in her company, with plans to mass-produce the product.
• 😀 Despite its novelty, the investors express skepticism about the product’s safety and practicality.
• 😀 Investors raise concerns about the risk of the product catching on fire and the safety of having it near a bed.
• 😀 Maddie tries to assure investors that the product can be UL listed for safety, but they remain unconvinced.
• 😀 The investors question the marketability of the product, especially whether people would want bacon so close to their bed.
• 😀 Some investors dismiss the idea as a novelty gift that might appeal to a small audience but unlikely to succeed as a business.
• 😀 Maddie lacks clear sales projections and a robust business plan, which further hinders investor confidence.
• 😀 Mark Cuban offers a humorous commentary on the product's appeal, calling it a 'gag gift' but still refusing to invest.
• 😀 In the end, no investor commits to the deal, although a couple of them make small offers to buy the prototype instead.

Q & A

What is the main product Maddie is pitching in the script?

Maddie is pitching a product called 'Wake and Bacon,' an alarm clock that wakes users up with the smell of cooked bacon.

How does the 'Wake and Bacon' alarm clock work?

The user places pre-cooked bacon in the device the night before. The clock heats the bacon at 6:50 AM, releasing a strong bacon aroma to wake the user up at 7:00 AM.

What is Maddie's main request from the investors?

Maddie is asking for $40,000 in exchange for 20% equity in the business, with the goal of redesigning the product for mass production.

What is the investors' main concern about the 'Wake and Bacon' product?

The investors express concerns about the safety of having a device that heats bacon near a bed, as it could potentially catch on fire and cause harm.

What does Mark Cuban think of the idea?

Mark Cuban finds the idea interesting but is not willing to invest due to the safety risks and lack of practical use. He jokingly offers to buy the pig box for $100.

How does Maddie respond to the concerns about safety and fire risks?

Maddie argues that she could find a way to get the product UL listed, which would ensure its safety for use in homes, though she acknowledges the potential risk.

What is Maddie's plan for the $40,000 investment?

Maddie plans to use the $40,000 to redesign the product for mass production and create a functional prototype to present to potential retail partners, manufacturers, and investors.

How do the investors view the market potential of the product?

The investors are skeptical about the product's market potential, seeing it as a novelty gift rather than a practical item that people would regularly use.

What is the general tone of the investors' reactions to the pitch?

The tone of the investors' reactions is a mix of skepticism, humor, and concern. While they acknowledge the novelty of the product, they do not see it as a viable business investment.

What final offer does Mark Cuban make regarding the 'Wake and Bacon' product?

Mark Cuban offers to buy the pig box for $100, as a humorous gesture, but ultimately declines to invest in the product.