Connor Brooke
Next up are Richard and Juli Rhett of Sierra Madre Research, seeking $175,000 for 15 percent equity.
Sierra Madre Research adds a level of “protection, comfort, and durability” while camping. Their gear protects campers rain or shine and provides insulation and waterproof elements. Hammocks start at $79 while the hammock shelters start at $119. They believe that the Sierra Madre mountain range truly embodies the “adventure and culture” of their business.
The sharks find it fun and comfortable, but Lori Greiner worries that the hammocks might be hard to actually get into a tree. Sierra Madre Research is the first, but not the only, hammock-tent. Guest shark Richard Branson thinks it takes the romantic elements away from using a tent when camping. Daymond John thinks the company and their mission are incredible, but wouldn’t know how to help them. He goes out.
Greiner thinks the space may be a bit overcrowded and goes out, followed by Mark Cuban and Robert Herjavec. They are on track to do more than $400,000 in sales this year. Branson, their last hope for getting a deal, offers $175,000 for 15 percent with profits going to charity, which they accept.
Social Media Reacts to Sierra Madre Research’s Appearance on “Shark Tank”
Sierra Madre Research practicing conscious capitalism. Using business as a force for good. LOVE IT! #SharkTank
— Matthew Loop (@matthewloop) October 2, 2017
We've used camping hammocks for years, but this Sierra Madre Research tent/hammock has our attention! #SharkTank
— kay (@KayStarfire) October 2, 2017
@SMr_gear I know hammock/tents. I've seen them all. But this is truly unique. If I could afford it I'd have bought it the second I saw it.
— YourCousin (@CaptPistol) October 2, 2017
Sharks are having fun on @ABCSharkTank tonight. Now I wanna go camping @SMr_gear #sharktank
— Jamie Caroccio (@jamiecaroccio) October 2, 2017
I hate sleeping on the ground while camping, @SMr_gear! #SharkTank @ABCSharkTank
— Ryan Bartholomee (@RyanBartholomee) October 2, 2017
I'm so glad @richardbranson did the deal with @SMr_gear AND pledged to give all his profits to charity. @ABCSharkTank #SharkTank
— Leah Deitrick (@ldeitrick) October 2, 2017
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 use any Sierra Madre Research gear? Sound off in the comments section below!
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This article was written for Business 2 Community by Connor Brooke.
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Rough Riders would love to try this hammock system out on our trail clearing rides that we do by horse back we pack everything on our own horse weight is so important so we don’t over load the horses we clean the horse riding an hiking trails at Big SOUTH FORK NATIONAL PARK in Tn.& Ky. After storms We go where the park rangers don’t go to keep this park trails open . This hammock would work great packed in saddle bags Please could you offer payments on your hammock systems?
My husband and I both loved it. We want one!
I have one of their Pares hammocks already, and the Nube is on the wishlist!