Shark Tank Season 5 Premiere Recap

Shark Tank Season 5 -Week 1 Recap

 After waiting all summer long for Shark Tank Season 5 to begin it's finally here with week 1 in the record books. Barbara Corcoran and Lori Greiner made their first appearance together while Daymond John took the night off to watch them battle it out. With a few clear winners and one that could easily make Shark Tank's Most Successful List, Season 5 got off to a great start.

Postcard on the Run

 First up in the Shark Tank Season 5 Premiere was Josh Brooks and the Postcard on the Run Business. Josh came into the Tank looking for a $300k investment in exchange for 5% of his instant postcard sending business. For only $2.49 you can take any photo taken on your smart phone and turn it into a postcard set to anyone in the world. It's a great idea that's already had two successful rounds of investing raising $1.6 million in startup capital.

Celebrity Teen Star Selina Gomez has invested in both rounds with a valuation of $6 million, the same valuation being offered to the Sharks. With only $186k left in the bank, Mark Cuban says "your screwed" while going out. Brooks needs the investment from the Sharks to keep the business afloat even though they have $450k in sales, but is not willing to negotiate the $6 million valuation. Robert Herjevic who has a few teenagers of his own, sees the same value in this business that I did in their featured article. After an extremely impressive set of negotiations, Herjevic invests $300k for 7.5% of the Postcard on the Run Business settling on a $4 million dollar valuation.

 

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