Shark Tank season 15 episode 3 Recap and FAQ

Episode Summary

Michael Rubin, founder of Fanatics, joins Shark Tank, sparking interest with his story. Bot-It, an AI bot service, pitches, seeking $150,000 for 10%. Despite ethical concerns, Cuban and Rubin invest $300,000 for 30%. Wellingtons, offering frozen beef Wellingtons, seeks $200,000 for 10%, but fails to secure a deal due to scalability issues. Glove Wrap, a baseball glove conditioner, impresses with its simplicity, securing $50,000 for 22% from Cuban and Rubin. Dating By Blaine, a coaching service, lands $100,000 for 10% from Cuban, aiming to aid single men in dating.

Full Episode S15E03 Recap

### Introduction - **Scene**: Michael Rubin Joins the Tank - Michael Rubin, the founder of sports retail giant Fanatics, joins the Shark Tank panel. - Rubin shares his entrepreneurial journey and the challenges he faced. ### Pitch: Bot-It - **Scene**: Bot-It's Presentation - Founders: Maurice Bachelor and Joel Griffith. - They introduce Bot-It, an AI-driven bot service for consumers to outpace online booking and purchasing systems. - Seeking $150,000 for a 10% stake in their company. - **Scene**: Shark's Interrogation and Deal - Sharks question the ethics and functionality of Bot-It. - Rubin sees potential in combating B2B bots, preferring consumer use. - Initial offer from Cuban; Rubin joins, leading to a partnership. - Final deal: $300,000 for 30% from Cuban and Rubin. ### Pitch: Wellingtons - **Scene**: Wellingtons' Introduction - Founders: Arya and Tasha introduce Wellingtons, a line of frozen beef Wellington dishes. - Seeking $200,000 for a 10% stake. - **Scene**: Shark's Feedback and Outcome - Sharks appreciate the taste but are concerned about the business model and scalability. - Discussion on their sales, cost, and distribution strategy. - All Sharks eventually opt out, citing various concerns. ### Pitch: Glove Wrap - **Scene**: Glove Wrap's Presentation - Founders: Gavin, Morgan, and Jon present Glove Wrap, an innovative baseball glove conditioning tool. - Seeking $50,000 for 20% of their business. - **Scene**: Shark's Interest and Deal - Sharks are impressed with the simplicity and sales of the product. - Rubin and Cuban team up, offering a joint deal. - Final deal: $50,000 for 22% split between Cuban and Rubin. ### Pitch: Dating By Blaine - **Scene**: Dating By Blaine Pitch - Founder: Blaine Anderson presents her dating coaching service. - Seeking $100,000 for 2% of her company. - **Scene**: Shark's Deliberation and Deal - Blaine discusses her sales, courses, and target market. - Initially targets male Sharks, but eventually receives an offer from Cuban. - Final deal: $100,000 for 10% from Cuban. ### Conclusion - **Scene**: Reflections and Future Expectations - Each entrepreneur reflects on their experience and expectations post-deal. - Sharks share their thoughts on the potential of the businesses they invested in.

Frequently Asked Questions

What is Bot-It?

An AI-driven bot service for consumers to outpace online booking and purchasing systems.

Who founded Bot-It?

Maurice Bachelor and Joel Griffith.

What investment did Bot-It seek in Shark Tank?

$150,000 for a 10% stake.

What concerns did the Sharks have about Bot-It?

The ethics and functionality of using bots in consumer markets.

What was the final deal for Bot-It?

$300,000 for 30% from Mark Cuban and Michael Rubin.

What is Wellingtons?

A line of frozen beef Wellington dishes.

Who are the founders of Wellingtons?

Arya and Tasha.

What investment did Wellingtons seek in Shark Tank?

$200,000 for a 10% stake.

Why did the Sharks opt out of investing in Wellingtons?

Concerns about the business model, scalability, and high shipping costs.

What is Glove Wrap?

A tool for conditioning baseball gloves.

Who presented Glove Wrap?

Gavin, Morgan, and Jon.

What was the initial investment sought for Glove Wrap?

$50,000 for 20%.

What deal did Glove Wrap secure?

$50,000 for 22% from Cuban and Rubin.

What is Dating By Blaine?

A dating coaching service.

Who is the founder of Dating By Blaine?

Blaine Anderson.

What was the final deal for Dating By Blaine?

$100,000 for 10% from Mark Cuban.

Shark Tank season 15 episode 3

Bot-It, Wellingtons, Glove Wrap, Dating By Blaine