See Full Article: http://www.centernetworks.com/shark-tank-recap-march-2
Pitch #4 – TEC
Last up into the tank was Scott Jordan with his product line TEC which stands for Technology Enabled Clothing. Scott was seeking $500k for 15% of TEC. You may have heard the name Scott Jordan before. Scott runs the company Scottevest which I believe is a line of vests that have compartments for gadgets. The deal Scott is seeking in the Shark Tank is for the technology/patents only, not a part of Scottevest. It’s interesting to note that the sharks talk about the products from Scottevest but never mention the name. Scott noted that the other business has $5.1 million in sales and is on track to hit $12 million in sales for “this year” (remember the show taped last year.
Mark Cuban went off about “dumbass patents” regarding “putting a wire through a piece of clothing”. The same offer came from both Robert Herjavec and Kevin O’Leary – $500k for 15% of the “other” business. Scott left the tank to call Apple co-founder Steve Wozniak. Scott turned down the offers and left the tank saying, “I don’t need you”.
Read more: http://www.centernetworks.com/shark-tank-recap-march-2#ixzz1o5iPb7cp
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