Shark Tank season 12 episode 2 Recap and FAQ

Episode Summary

Kendra Scott joins Shark Tank, reviewing pitches from diverse entrepreneurs. Elly presents BootayBag, a women's underwear subscription service, boasting $3 million in annual sales. She impressively clinches

Full Episode S12E02 Recap

### "Shark Tank" Episode Featuring Kendra Scott #### Introduction of Kendra Scott - Kendra Scott, a billion-dollar jewelry brand founder, joins the Tank. - Emphasizes her mission to create a community representing all women. #### BootayBag Pitch by Elly - **Introduction** - Elly from San Francisco pitches BootayBag, seeking $500,000 for 5% equity. - BootayBag offers a subscription service for women's underwear. - **BootayBag's Business Model** - Monthly subscription service with options to customize orders. - Focus on affordability, comfort, and convenience. - Every purchased pair contributes to donations for women in need. - **Product Examination by Sharks** - Sharks examine samples and discuss product quality and packaging. - **Business Journey and Growth** - Elly shares her entrepreneurial journey, starting with a $300 investment in 2016. - BootayBag has reached $3 million in year-to-date sales, with $15 million in lifetime sales. - **Investment and Manufacturing Challenges** - Elly has not raised any external funding. - Discusses production issues, including long lead times and problematic manufacturer relationships. #### Sharks' Offers and Negotiation - **Kendra Scott's Offer** - Offers $500,000 for 10%, highlighting her experience in subscription models and women-led businesses. - **Barbara Corcoran and Kevin O'Leary's Offers** - Barbara teams up with Kendra, offering $500,000 for 20%. - Kevin offers $500,000 for 20%, bringing in his experience with Grace & Lace. - **Other Sharks' Reactions** - Mark Cuban considers an offer but eventually backs out. - Lori Greiner praises Elly but does not make an offer. - **Final Deal** - Elly accepts Kendra Scott's offer of $500,000 for 10%. #### Other Pitches in the Episode - **GoOats by Nahum Jeannot** - Offers oatmeal in a ball, a convenient breakfast solution. - Barbara Corcoran invests $150,000 for 20%. - **Pooch Paper by Tracy Rosensteel** - Eco-friendly alternative to plastic dog waste bags. - Kevin O'Leary offers a $1 royalty in perpetuity with no equity. - **P-nuff Crunch by Dr. Juan Salinas** - Healthy peanut-based snack. - Mark Cuban invests $400,000 for 25%.

Frequently Asked Questions

What is BootayBag and who founded it?

BootayBag is a subscription service for women's underwear, founded by Elly from San Francisco.

How much was Elly seeking for BootayBag on Shark Tank?

Elly was seeking $500,000 in exchange for 5% equity in BootayBag.

What is unique about BootayBag's business model?

BootayBag offers a customizable monthly subscription service focusing on affordability, comfort, and convenience.

What are BootayBag's sales figures?

As of the episode, BootayBag had $3 million in year-to-date sales and $15 million in lifetime sales.

Did Elly raise any external funding for BootayBag before Shark Tank?

No, Elly had not raised any external funding for BootayBag.

Which Shark made an offer to Elly for BootayBag and what was the deal?

Kendra Scott offered $500,000 for 10% equity in BootayBag, which Elly accepted.

What is GoOats and who is the founder?

GoOats is oatmeal in a ball, founded by Nahum Jeannot.

What investment did GoOats receive on Shark Tank?

Barbara Corcoran invested $150,000 for 20% equity in GoOats.

What is Pooch Paper and its unique feature?

Pooch Paper is an eco-friendly, biodegradable paper alternative to plastic dog waste bags.

What deal did Pooch Paper secure on Shark Tank?

Tracy Rosensteel accepted Kevin O'Leary's offer of a $1 royalty in perpetuity with no equity for Pooch Paper.

Who founded P-nuff Crunch and what is it?

Dr. Juan Salinas founded P-nuff Crunch, a healthy peanut-based snack.

What was the investment deal for P-nuff Crunch on Shark Tank?

Mark Cuban invested $400,000 for 25% equity in P-nuff Crunch.

Shark Tank season 12 episode 2

P-Nuff Crunch, BootayBag, GoOats, Pooch Paper