The last entrepreneur to enter the tank for the evening is Kash Shaikh of #BeSomebody, seeking $1 million for 10 percent equity.
BeSomebody helps people live out their passions. Their experience marketplace app allows you to connect with people who share your interests and find experiences around the world that match those interests. According to their website, it all “began with a simple tweet back in 2009, [and] transformed into the fastest growing and farthest reaching Motivational Movement in the world.” Their content and events reach more than 10 million people around the world. “Today, it’s exploded from one man’s mantra, to a passionate community, to the most diverse, open and inclusive movement in the world– no borders, no boundaries, all countries, colors, cultures, races, religions and ages,” according to their website. “A movement about YOU. And what YOU love. YOUR personal passion. And that’s why it’s grown so fast. From Austin to Boston and Mexico City to Manila, passion is the universal language.”
They take 20 percent from each experience, but Kevin O’Leary worries about how fast it could scale. Robert Herjavec doesn’t completely understand the platform, while Daymond John worries about lawsuits that could arise from certain experiences. They booked $2,000 worth of experiences last month.
Shaikh begins to lose his focus, frustrating the sharks when he doesn’t answer their questions about his business. All six sharks go out within the final minutes of the episode, failing to see the value of the app and believing Shaikh is all talk. O’Leary calls him out and sends him out of the tank.
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging business to six multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group. Venture capitalist Chris Sacca is also slated to appear as a guest shark this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $87 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Friday at 9 p.m. on ABC.
Social Media Reacts to #BeSomebody’s Appearance on “Shark Tank”:
— Paul F. Marnecheck (@Marnecheck) November 5, 2016
— Scott A. Krolak (@scott_krolak) November 5, 2016
— Dave Blanks (@DaveBlanks) November 5, 2016
— iDefineTV (@iDefineTV) November 5, 2016
— Big Hush (@BigHushofTX) November 5, 2016
— Mike Mahoney (@Mahoney) November 5, 2016
— Amy Naas (@AmyNaas) November 5, 2016
Do you like the #BeSomebody concept? Sound off in the comments section below!