Jack's Stand Pitch - Shark Tank

Summary

Meet 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.