Shark Tank Back to School Products

What unique aspect of Storage Scholars' service model benefits both students and the company?

• Offering discounted rates for bulk storage.

• Providing custom-built technology for online booking.

• Employing fellow students to handle moving and creating high-paying jobs.

• Partnering with universities to offer exclusive storage facilities.

What was a primary motivation for one of the founders to start Storage Scholars?

• To gain experience in the logistics industry.

• To avoid accumulating significant student loan debt.

• To provide a service exclusively for their alma mater.

• To compete with existing large-scale storage companies.

What initial challenge did the founder, Matt, encounter when first trying to establish Storage Scholars?

• Difficulty in securing university partnerships.

• Lack of interest from potential student employees.

• Being ridiculed while trying to get customers door-to-door.

• High costs associated with developing custom technology.

What is a key strategy Storage Scholars uses to expand its business to new college campuses?

• Investing heavily in social media advertising campaigns.

• Offering significant discounts to early adopters at new schools.

• Partnering directly with universities for endorsement and marketing support.

• Recruiting student ambassadors to promote the service on campus.

What key aspect did Mark Cuban emphasize as his unique contribution to the Storage Scholars business, beyond just the monetary investment?

• His extensive network of celebrity endorsements.

• His ability to provide direct labor for operations.

• His platform and connections to schools to generate new business.

• His expertise in product design and manufacturing.

What was Mark Cuban's final counter-offer to Storage Scholars after they proposed $350,000 for an 8% stake?

• $300,000 for a 10% stake

• $250,000 for a 10% stake

• $350,000 for a 12% stake

• $250,000 for an 8% stake

What critical information about Vestpakz's sales history and product development timeline was revealed during the pitch that raised concerns among the investors?

• The product had only been sold online, not in physical stores.

• The product was invented 16 years ago and had only $10,000 in sales during a recent two-month trial in Walmart.

• The founders had no patent for their unique design.

• They had significantly inflated their production costs.

How did the Vestpakz founders' presentation of their product's history and sales figures negatively impact the investors' perception?

• It made the investors believe the product was too expensive for the market.

• It created a "gap of credibility" by making it seem like a recent success when it was an old product with limited recent sales.

• It suggested that the founders lacked passion for their product.

• It indicated that the product's design was outdated and unappealing.

What was a key reason an investor decided not to invest in the product, despite liking it?

• The product's design was outdated.

• The entrepreneurs were not the right fit for the product.

• The market for the product was too small.

• The product had too much competition.

What concern did investors raise regarding the sales performance of the product?

• The product was too expensive for the target market.

• The sales figures were too low given the number of stores carrying the product.

• The product had not been around long enough to assess its true potential.

• The entrepreneurs lacked passion for their product.