Entrepreneur Jared Joyce of Five-Minute Furniture asked $250,000 for 25% of his business. Three of the sharks dropped out when they found out that Jared does not have any sales of this product, and only has sales from one of his eighty patents over seven years. Lori Greiner makes him an offer of $250,000 for 100% of his business/patents, as long as Kevin O'Leary will split the deal with her. Jared turned down the offer, since it would offer no profit or return to his investors. The sharks all thought that Jared made a mistake in turning down the offer.
Johnson Bailey of Man Candle from Shark Tank (2009) episode #2.8, returns for a Shark Tank update. Although none of the sharks invested with him in his original appearance, he did take the advice he was given, and put it into action. He is now in about 500 retail stores, including major chains such as Spencer's Gifts and Hallmark Stores, and has taken annual sales from $70,000 to $250,000.
Entrepreneur Raven Thomas of The Painted Pretzel asked $100,000 for 25% of her company. 'Kevin O'Leary (IX) was very skeptical because the product was not unique enough and Raven did not give a good enough reason for him to invest, so Kevin dropped out. 'Robert Herjevec' asked for a better reason, and Raven said that she had to turn down a $2 million order from Sam's Club because she did not have the resources to fill the order. The sharks were all very impressed, and Mark Cuban jumped right up and offered Raven what she asked, if she would say yes immediately. Raven agreed, even though all the sharks were shocked, and the deal was done with Mark at $100,000 for 25% of her company.
Entrepreneur Ryan Naylor of Esso Watches asked $35,000 for 20% of his company, which makes negative ion watches. First up, Mark Cuban immediately called it a scam product, and then Daymond John called Ryan a liar for claiming that the watches were his own design. All of the sharks bowed out, and Ryan left with nothing.
Entrepreneur Rick Hopper of ReadeRest asked $150,000 for 15% of his company, but before he could explain his offer, on the walk into the Shark Tank room, he tripped over his own feet and took a big spill. Rick got up smiling, and said he was good, and made his presentation. It turns out that the fall was planned, to demonstrate his clip on eye glasses holder. Daymond John was offended that Rick was asking for money plus work to sell the product, so Daymond dropped out immediately. Lori Greiner was very impressed and made Rick an offer of the $150,000 he asked for, but for 65% of the company. No one else made an offer, and though he hemmed and hawed and tried to negotiate, in the end he accepted of $150,000 for 65% of the company.