Shark Tank US featured Deskview founders, Jason Grohoski and Michael Bolos, who presented a stylish and portable furniture brand. Deskview offered a mounted desk for the offices and homes, but with a twist. The founder duo created personalized glass standing desks for commercial and residential buildings, giving minimalistic yet mobile functionality to old-fashioned desks.
The founders, Jason and Michael, asked for $150k for a 7.5% stake in their company, and briefed about their product. Deskview came with versatility having utility on surfaces like glass, melamine top surfaces, tiles, and steel cases. The sharks wanted to know about the sales and cost of the product.
As the founders discussed it, Lori Greiner remarked that their product was "expensive." However, Barbara Corcoran found the product's design unsuitable, more than its price point. Citing her example, she told the founders that she would not prefer the product in her office because it interferes with the overall look of the office.
Opting out of the deal, Barbara remarked:
"You want someone to buy 50 of them could you imagine 50 of these along the plate glass windows of an office building Midtown Manhattan IC as a consumer individual sale Market I really do so I don't believe frankly in any of the directions you're going in so I'll have to graciously step out."
Did Deskview founders get a deal in Shark Tank Season 10?
Shark Tank investor Barbara Corcoran opted out of investing in Deskview because she did not approve of the design of the brand's desks. Robert Herjavec, on the other hand, had no problem with the design but remarked that he would use it as a table and opted out of the deal.
Agreeing with Barbara, Mark Cuban mentioned that Deskview's product is more suitable for home use. It might complement the surroundings, but it cannot be quite utilitarian for him in the office atmosphere. Mark, too, opted out of the deal, leaving Lori Greiner and Kevin O'Leary to figure out the deal.
While Kevin appreciated the margins the product was making, he wanted to sell it directly to consumers. Therefore, he offered $150k for 15% of the equity, as opposed to the 7.5% originally asked by the founders. Lori, too, had an offer for the Deskview founders but was concerned about the expensive price point. She offered the same amount of money but asked for 33% of the equity.
However, Shark Tank investor Kevin revised the deal, asked for 5 extra percent of the equity, and told the founders to decide whether to take Lori off his offer. The founders accepted Kevin's offer and said yes to the deal.
Shark Tank US airs on ABC Network.
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