The Smart Wheel

The Smart Wheel on the Shark Tank

DUIT - Driving Under The Influence of Texting - Season 4 - Episode 418 - 2/15/2013

The 6 Inventioneer's with one of many
Awards they have won with the
Smart Wheel Technology

 The Smart Wheel was invented by 6 very smart teens from New Hampshire that are on a mission to Stop Driving While Texting. What started out as a project to compete in the First Lego League Competition that they eventually won, is now in a position to save lives if they can convince the Sharks that the Smart Wheel is worthy of an investment. The Smart Wheel (Safe Motorist Alert for Restricting Texting) fits right over the steering wheel and has built-in sensors that goes off if you take one of your hands off the wheel, thus making it impossible to Text while driving. If warned too many times, the Smart Wheel will send a text message to the parents notifying them on their kids driving habits.

What makes this soon to be Success Story so unique is the fact the 6 teens did not stop with just the invention of the Smart Wheel but they have continued to evolve
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Element Bars

Element Bars on Shark Tank - Update

Custom Energy Bars - Season 1 - Episode 6

Jonathon Miller on Shark Tank Show

  The Element Bars are custom energy bar's that you design yourself online and have them sent your door. If your not into experimenting, the element bars also offer several pre-made energy bars that have already proven to be very successful in the market.

 If I could choose one former Shark Tank contestant to take with me and help with negotiations, Jonathon Miller would be high up on that list. In fact, during the show, Barbara Corcoran calls Jonathon a mini Shark for his negotiation skills. He went in asking $150k for 15% stake in his custom energy bar business valuating it at a whopping $2.25 million. The business was averaging 1000 custom energy bars per week at that time. The custom bars retail for $2.99 so approx. $12k/Month in sales. Obviously this valuation could be considered way out of line on the surface BUT Read More Here-->>>

Daisy Cakes

Daisy Cakes on Shark Tank Show

I Love Daisy Cakes - Season 3 - Episode 311

Kim Nelson on Shark Tank 

 Kim Nelson came into the Shark Tank asking for $50k for 25% equity in her cake business valuing the company at $200,000.00. Kim wasted no time in getting her greatest asset (a sample of her Daisy Cakes) into the mouth's of the Sharks. Every single male Shark had the same impression, all followed by, WOW. All the Daisy Cakes use only the best ingredient's from an old secret family recipe that has been passed down from Her Great Aunt, named Daisy. What makes the Daisy Cakes so unique other then the ability to have the Sharks all say wow while each trying a different type of cake, is Nelson's ability to ship the Daisy Cakes in the mail nation wide. In a specially made tin, Kim packs the cakes in dry ice and ships them right to your door.

How much does a Daisy Cake Cost?

Nelson says a Daisy Cake's cost $44.50 from her website which draws a quick "that's pretty pricey" from Barbara Corcoran. She then asks what it cost to produce a Daisy Cake. Kim responds with $18.50 which Corcoran gives her nod of approval on the profit margin. What makes Kim such a good cake maker is, in her own words, "It's my God Given Talent". Good Answer!
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Qubits 2.0 Update

Qubits on Shark Tank Show

Season 1 - Episode 14 - Update

Mark Burginger with the New
Qubits 2.0 Geometric Design Toy

 The Qubit's Toy Company is like the Lego's of the 21st century. Sure I played with Lego's when I was a kid, who hasn't? You could build anything you could imagine just so long as it could be made using one of those familiar pieces. I even remember ordering a Lego-Like product from an infomercial for my kid's several years ago. The pieces were made with several more options of building blocks to choose from but also included very small pieces and not age appropriate for them at that time. I  however did try to build a few thing's with my kid's new toy :). I liked the idea of having new pieces to stretch my imagination, but because of the geometric designs and the long pencil-like connectors, it reminded me of building a house of card's and ready to collapse at any time.

 Mark Burginger, the inventor of Qubit's Toy's, had a totally new concept to compete with the Lego's of the world.
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Talbot Teas

Talbott Teas on Shark Tank Show 

Specialty Tea - Season 3 - Episode 303  

 Talbott Teas owner's Shane Talbott & Steven Nakisher have a rich history of flash and style. The two first joined forces by opening up a salon and spa which Shane had a Tea Bar to serve their pampered clients. The growing list of Specialty Tea Blends became so popular that they decided to start packaging and selling them to their clients. Shane also happened to work for Oprah Winfrey as her personal hair colorist for over 10 years.

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The Last Lid

The Last Lid on Shark Tank 

Garbage Can Lid - Season 3 - Episode 303 - Update

 So how do you take something as simple as a missing garbage can lid and turn it into a million dollar business? For starter's you make it better and more efficient then it has ever been made before. The Last Lid was born out of necessity then a cool invention to turn into a business. Kevin and Melissa Kiernan had a problem with wild animals knocking down their trash cans and making big messes quick. Most garbage can lid's are made in the hopes that you will lose them and buying a replacement has never been an option. Until Now!

The Last Lid is just that, the last lid you will ever need to buy and is superior to any lid on the market.

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Shark Tank Successful Deals - Season 3

List of All Shark Tank Deals In Season 3

Detailed list of all successful deals completed by the Sharks

 

Mark Cuban came into his second season on the Shark Tank ready to make some deals. Mark ended up closing a total of 14 deals throughout season 3 earning him the "Top Shark Award" for the season.

Lori Greiner makes Her debut during this season and closes a total of 5 new deals for her QVC Show. Unfortunently Kevin O'Leary is at the bottom of the list again with only 2 completed deals out of 15 episodes.

 

Mark Cuban Successful Deals Season 3

• Painted Pretzel - This was Mark's first deal on the Shark Tank which he paid $100k for 20%
•  M3 Girls Designs - Partners with Lori Greiner & Robert Herjevic for $300k for 30% equity.
• Wine Balloon - Mark partners with Lori for $400k and buys the entire company w/ 2%

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