#shorts
Source: Shark Tank S11E05 – MyoStorm
🌟 Introducing the Meteor, a cutting-edge massage device making waves on Shark Tank with its innovative combination of vibration and heat therapy. Designed for athletes and FDA compliant, the Meteor aims to revolutionize pain relief and muscle recovery. The pitch begins with a request for $250,000 in exchange for 20% equity, sparking interest among the Sharks. Tensions rise as the entrepreneurs weigh their options, with one Shark even opting to leave the negotiation. Offers fly in, including a lower equity proposal with a royalty agreement and a straightforward equity deal. Amid discussions of market reach and Instagram followers, the entrepreneurs ultimately strike a deal with Lori, accepting her offer of $150,000 for 10%. This episode showcases the art of negotiation in the high-stakes world of Shark Tank, highlighting the entrepreneurs’ strategic decision-making in choosing the right partner for their business. #SharkTank #MassageDevice #EntrepreneurialDeal #LoriGreiner #InnovationInHealth 🦈
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