These Pitches Show The Sharks ACTUALLY Having Fun! | Shark Tank AUS

Summary

The transcript features entrepreneurs pitching unique business ideas to a panel of investors, known as 'sharks'. Lori presents her inappropriate gift store, seeking $100,000 for 10% equity, impressing the sharks with her humor and sales record. Dean aims to expand his party supplies business nationally, valuing it at $8 million for a 5% stake, but faces skepticism over valuation. Kate and Jay propose a year-round haunted house attraction, asking for $500,000 for 40% equity, thrilling the sharks with their presentation but receiving no offers due to concerns over competition and cash flow.

Takeaways

• 😀 Lori is seeking a $100,000 investment for her inappropriate gift business in exchange for 10% equity.
• 🎁 Lori's inappropriate gift business offers a one-stop shop for unique, cheeky gifts with a sense of humor.
• 🌐 Lori's business has sold over 23,600 products to customers in 36 countries, generating $470,000 in revenue.
• 📈 Lori aims to scale up her business with the investment and expertise from the sharks to reach a global audience.
• 💰 Lori's business has a gross margin of 40% and a net margin of 30%, with no paid advertising done so far.
• 📈 Lori's social media post went viral, reaching 9 million views, which contributed to her organic growth.
• 🦈 All five sharks are interested in investing in Lori's business, showing a feeding frenzy for her unique concept.
• 📊 Lori receives offers ranging from 15% to 18% equity for the $100,000 investment from the sharks.
• 🔥 Lori decides to partner with NY shark for $100,000 for 15% equity and an additional $100,000 for another 10% if they double the business size in 12 months.
• 🎉 Dean from Party People seeks $400,000 for 5% equity to expand his party supplies business into a national chain.
• 🎈 Party People's business model includes an online store and two retail stores with plans to open more physical locations.
• 📉 The sharks are skeptical about Party People's high valuation of $8 million, leading to a lack of investment.
• 👻 Kate and Jay from Evil Corp are seeking $500,000 for 40% equity to create a year-round haunted attraction in Australia.
• 🏚️ Evil Corp's business plan includes setting up a haunted house with actors, food, and merchandise to enhance the experience.
• 📈 Evil Corp's revenue projection for the first year is $1.5 million, with a focus on high customer traffic.
• 🔍 The sharks express concerns about competition from existing theme parks and the complexity of running a live attraction.

Q & A

What is the name of Lori's business and what does it specialize in?

Lori's business is called 'The Inappropriate Gift Co.' It specializes in selling inappropriate gifts for people with a cheeky and inappropriate sense of humor.

How much investment is Lori seeking and what is the equity offered in return?

Lori is seeking a $100,000 investment in exchange for 10% equity in her business.

What was the revenue Lori's business made in the first 15 months?

In the first 15 months, Lori's business made $470,000 in revenue.

What was the unique social media post that went global for Lori's business?

One of Lori's social media posts featuring a mug with the phrase 'I'm not feeling very talky today' went global, reaching 9 million views.

What is the big hairy audacious goal Lori mentions for her business?

Lori's big hairy audacious goal is to make her business the global home of inappropriate gifts.

What deal does Steve offer Lori?

Steve offers Lori $100,000 for 20% equity.

What is the deal that Janine proposes to Lori?

Janine proposes to invest $100,000 for 15% equity, with an additional $100,000 for another 10% equity if they can double the size of Lori's business within 12 months.

What is the final deal Lori accepts?

Lori accepts a deal from NY, which includes $100,000 for 15% equity, with an additional $100,000 for another 15% equity.

What is the name of Dean's company and what is the business model?

Dean's company is called 'Party People'. The business model involves operating an internet business and retail stores selling party supplies, with plans to create a national chain of party stores.

How much investment is Dean seeking and what percentage of the company is he offering in return?

Dean is seeking $400,000 for 5% of his company.

What is the main concern expressed by the sharks about Dean's business valuation?

The sharks express concern that the valuation of $8 million for Dean's business is too high, especially considering the company's revenue and profit.