Jay Leonard
Next into the tank is Pier Paolo Visconti of Elliptical Stroller, seeking $500,000 for 40 percent equity.
Elliptical Stroller puts an athletic twist on a traditional baby stroller. According to their website, the stroller “is composed of two components, the carriage and the elliptical mechanism, which allows the lucky driver to use the stroller in both conventional and athletic modes.” The unique combination makes spending time with your child (or fur baby) outdoors simple, all while finding the time to get in a little workout. Additionally, the elliptical mechanism folds, “allowing for versatile use.”
The sharks are very intrigued and Robert Herjavec puts it to the test. He thinks it’s “cool” but acknowledges that it’s a bit unstable. Kevin O’Leary then takes it a spin and thinks it has a lot of functionality but thinks it’s far too heavy. He has yet to sell any strollers.
Mark Cuban thinks he came in asking for too much money, but Visconti feels as though he needs that amount for production. He hasn’t done any safety tests yet, but has patents. O’Leary thinks the mechanism would need to be licensed and goes out, followed by Lori Greiner and Cuban over the risk-reward challenge. Daymond John thinks Visconti made the “critical mistake” of relying too heavily on money. He goes out, as does Herjavec. He acknowledges that he’s passionate, but thinks he needs to stop designing and start selling.
Social Media Reacts to Elliptical Stroller’s Appearance on “Shark Tank”
The elliptical stroller, just doesn't seem practical. It seems to bulky and heavy. @ABCSharkTank#sharktank
— Crystal Homer (@CrystalHomer) January 8, 2018
What's wrong with just using a jogging stroller? #SharkTank
— Claire Collins (@clairec345) January 8, 2018
I could see a baby getting thrown out on a hard stop with that stroller on. Kinda not safe. #sharktank
— Andrew McGee (@AndrewMcGee) January 8, 2018
Pushing the stroller IS the exercise! #SharkTank
— Aslan Claire (@Lionwoman54) January 8, 2018
The stroller is a great idea but needs to be scaled down and made to be portable #SharkTank
— Michael Flament (@mikeflament) January 8, 2018
He needs to license the stroller technology. #SharkTank
— Novafan23 (@Novafan23) January 8, 2018
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to 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.
Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks 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 $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.
Would you try out the Elliptical Stroller? Sound off in the comments section below!
This article was written for Business 2 Community by Jay Leonard.
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That’s a darn good way to push an ice-cream cart or a taco cart…#producthack
I’m not feeling it. I can use the elliptical inside while my child is in the same room- I can use the stroller outside, while still getting exercise via walking/running.