Shark Tank Season 7 Episode 5: Switch Witch, Three Jerks Beef Jerky & More
Shark Tank Episode 705 features four businesses that did Kickstarter campaigns. Rob Bouley and Lara Spear Riley hope to bewitch the Sharks with Switch Witch, a plush doll and storybook that helps kids eat less Halloween candy. Switch Witch is the only company in episode 705 that didn’t hit their Kickstarter goal. Belinda Jasmine gives the Sharks the skinny on The Skinny Mirror, a patent pending mirror designed to make you look 5-10 pounds lighter in the looking glass. “Jerktrepreneurs” Daniel Fogelson and Jordan Barrocas entice the Sharks with their delicious tenderloin beef jerky called Three Jerks Beef Jerky. JD Claridge and Charles Manning soar into the Tank with their X PlusOne XCraft, a combination drone and airplane that can reach speeds up to 60 MPH.
Several Sharks make million dollar offers for one company, will a million dollar deal get done?
The Sharks
- Investor – Mark Cuban
- Investor – Daymond John
- Investor – Kevin O’Leary
- Investor – Lori Greiner
- Investor – Robert Herjavec
Entrepreneurs
- Company – The Skinny Mirror
- Company – Switch Witch
- Company – Three Jerks Beef Jerky
- Company – XCraft – X PlusOne
- Company – Update – Bantam Bagels
Lori invested in Bantam Bagels, a mini stuffed bagel shop, in season 6. Entrepreneurs Nick and Elyse Oleksak got $275K for 25% of their business. They were featured in an episode of Beyond the Tank where they struggled with Lori’s suggestion to change the name of the business to “Bagel Stuffins.” We’ll likely see how the name change, and their new co-packer, is working out for them.
There are 28 Shark Tank Episodes for Season 7. This season features two new Sharks and a host of other surprises. Casting is currently closed, but it never hurts to get a head start on season eight! If you would like to appear on the show, check out our Auditions and Casting information.
Episode 705 – The Shark Investors and Entrepreneurs
The Shark Tank Episode 705 entrepreneurs will make their best pitch to the panel of five Shark investors who will use their own money if they choose to invest. The Shark Investors negotiate on the spot without any previous information, which differs from typical negotiations between venture capital investors and entrepreneurial start-ups.
Companies pitching the Shark Investors must go through a rigorous due diligence process before an on-air deal is completed. Shark Tank Blog follow ups help you keep track of the companies that end up successful and the ones that don’t complete their deal.
Thank you for reading SharkTankBlog, the number one site for Entrepreneurs, Investors and Fans. Our content updates multiple times day, giving you the latest information on Episode 705, Season 7, and all other seasons and episodes.
Episode 705 Press Release
IT’S A FEEDING FRENZY AS MILLION DOLLAR OFFERS FLY WHEN THE SHARKS COMPETE AGAINST EACH OTHER, BUT ONE PITCH PROMPTS A SHARK TO DECLARE,
“THIS PITCH SUCKS, I’M OUT!” ON “SHARK TANK”
“Episode 705” – In one of the most exciting moments of “Shark Tank” history, the ante is upped when the Sharks start to bid OVER the asking price for one product and the million dollar offers start to fly. But will greed burst the bubble before a deal is set? Another pitch prompts a brutal brush-off from an irate Shark. Two parents from Salem, Massachusetts pitch their novel idea for managing Trick-or-Treaters’ excess candy with a children’s book and gifts; two men from Pacific Palisades, California tout their premium beef jerky made from filet mignon which has the Sharks swooning over the taste and the price point; a woman from Sand City, California pitches a full-length mirror designed to build self-esteem, and two men from Sandpoint, Idaho claim they have redefined drones with inventions that fly up to 60 mph and as high as 10,000 feet. In addition, in a follow-up on the NYC-based Bantam Bagels, the company in which Lori Grenier invested last season, we see how their unique stuffed bagels fare when given a national stage, on “Shark Tank,” FRIDAY, OCTOBER 23 (9:00-10:01 p.m. ET) on the ABC Television Network.
The Sharks in this episode are Mark Cuban, Kevin O’Leary, Daymond John, Lori Grenier and Robert Herjavec.
