Banana Phone Shark Tank Recap – Episode, Deals and Reviews

Max Brown and Brian Brunsing introduce the Sharks to Banana Phone, their “phone with APPEAL,” in Shark Tank episode 1402. The product is a phone that looks like a banana and can connect to smartphones via Bluetooth. They started with a successful IndieGoGo campaign and have sold the phones online since then. The phones are priced at $39.99 and are compatible with both Apple and Android devices. The entrepreneurs were seeking $250,000 for 10% of their business in the pitch. However, none of the Sharks made a deal.

Banana Phone Shark Tank

Key Takeaways:

  • The Banana Phone, a novelty phone shaped like a banana, was pitched on Shark Tank episode 1402.
  • The entrepreneurs sought a $250,000 investment for 10% equity in their business but did not secure a deal.
  • The Banana Phone connects to smartphones via Bluetooth and is compatible with both Apple and Android devices.
  • The phones are priced at $39.99 and have been sold online since a successful IndieGogo campaign.
  • Despite not making a deal on the show, the entrepreneurs continue to sell the Banana Phone online and through retail channels.

The Pitch and Product

In their pitch on Shark Tank, Max and Brian presented the Banana Phone, a unique and fun novelty product designed to bring back human interaction in the age of technology. The entrepreneurs entered the Tank seeking a $250,000 investment in exchange for 10% of their business.

The Banana Phone, shaped like a banana, connects to smartphones via Bluetooth and offers features similar to a regular phone. While it may seem like a playful gadget, it also serves as a conversation starter and a way to promote face-to-face communication.

The entrepreneurs shared impressive sales figures during their pitch, revealing lifetime sales of $1.6 million and $540,000 in sales in 2021 alone. With each phone retailing at $39.99 and a landed cost of $6 per unit, the product demonstrates a healthy profit margin.

Although Max and Brian did not pursue a patent for the Banana Phone, they have wisely trademarked the product to protect their brand and unique design.

Shark Tank Outcome

Despite their hopes of securing a deal on Shark Tank, Max Brown and Brian Brunsing, the entrepreneurs behind the Banana Phone, left the show without an investment. Kevin, Mark, Daymond, Lori, Robert, and Barbara all declined to back the quirky phone product. However, this setback did not deter Max and Brian from pursuing their business goals.

Following their appearance on Shark Tank, Max and Brian continued to sell the Banana Phone online and through retail channels. Despite not obtaining a deal on the show, the entrepreneurs have managed to sustain their business and navigate the market independently.

As of August 2023, Max and Brian are still working their regular jobs while selling Banana Phones. Their determination and the unique appeal of the product have allowed them to forge ahead, showcasing the resiliency of their brand.

About Shark Tank Season 14

Shark Tank Season 14 premiered on September 23, 2022, showcasing the excitement and entrepreneurial spirit that the show has become known for. This season featured the six “regular” Sharks: Daymond, Barbara, Mark, Lori, Kevin, and Robert. Their expertise and diverse backgrounds bring a wealth of knowledge and experience to the table, making the investment decisions all the more intriguing.

This season also marked a significant milestone for Shark Tank, with the airing of its 300th episode on October 21, 2022. The longevity and enduring popularity of the show are a testament to its ability to captivate audiences and provide valuable insights into the world of business and investment.

Shark Tank Season 14 Premiere

As part of the 14th season, guest Sharks joined the panel of investors to offer their perspectives and expertise. The guest roster included individuals such as Emma Grede, Peter Scott, Kendra Scott, Daniel Lubetzky, Gwyneth Paltrow, and Tony Xu. Their unique insights and fresh perspectives contributed to the diverse range of business pitches and investment opportunities featured throughout the season.

Shark Tank Season 14 provided aspiring entrepreneurs with a platform to pitch their innovative business ideas and seek investment partnerships with the Sharks. The show continues to inspire and entertain audiences with its fascinating blend of entrepreneurial ambition and high-stakes negotiations.

Sharks Guest Sharks
Daymond Emma Grede
Barbara Peter Scott
Mark Kendra Scott
Lori Daniel Lubetzky
Kevin Gwyneth Paltrow
Robert Tony Xu

The History of Shark Tank

Shark Tank has an interesting and global history that has contributed to its success and popularity as a reality TV show. Let’s dive into the origins of Shark Tank and its international versions.

Shark Tank Origins

Shark Tank is actually based on a Japanese show called Dragon’s Den, which aired from 2001 to 2004. The concept of entrepreneurs pitching their businesses to a panel of investors was first introduced in this original version. The UK version of Dragon’s Den debuted in 2005 and has been on the air ever since, spawning various international adaptations.

Shark Tank International Versions

Since its debut in the USA in August 2009, Shark Tank has gained worldwide recognition and inspired the creation of about 30 versions of the show. These international adaptations are produced in different countries, including China, and follow a similar format of entrepreneurs pitching their businesses to a panel of investors.

Here is a table highlighting some of the notable international versions of Shark Tank:

Country Title First Aired
United Kingdom Dragon’s Den 2005
Canada Dragon’s Den 2006
Australia Shark Tank 2015
Germany Die Höhle der Löwen 2014
China 创业英雄汇 2019

These international versions have showcased the entrepreneurial spirit and business innovation from around the world, providing a platform for aspiring entrepreneurs to gain exposure and seek investment.

Shark Tank International Versions

Overall, Shark Tank’s history and global impact have solidified its status as a groundbreaking reality TV show that continues to empower and inspire entrepreneurs worldwide.

Shark Tank Season 14 Investors

The Season 14 of Shark Tank featured a diverse group of investors who brought their expertise and experience to the show. These investors had the potential to make deals with the entrepreneurs and provide valuable insights and resources to help them grow their businesses.

Investors on Shark Tank Season 14:

  • Mark Cuban
  • Daymond John
  • Kevin O’Leary
  • Robert Herjavec
  • Barbara Corcoran
  • Lori Greiner
  • Gwyneth Paltrow
  • Tony Xu
  • Emma Grede
  • Peter Jones
  • Daniel Lubetzky
  • Kendra Scott

Each investor brought their unique perspective and areas of expertise to the show, contributing to the diverse range of businesses and industries featured on Shark Tank Season 14.

Shark Tank Season 14 Investors

Other Notable Shark Tank Episodes

Shark Tank has had many memorable episodes and pitches throughout its history. These episodes showcase the range of products and businesses that have been featured on the show. Some notable episodes include:

Season 10 Episode 23 – Guardian Bikes

In this episode, the entrepreneurs behind Guardian Bikes made a successful pitch. Their innovative bike design aims to provide a safer riding experience for kids. The Sharks were impressed by the product’s safety features and the entrepreneurs’ commitment to promoting active lifestyles for children.

Season 9 Episode 11 – EverlyWell

Julia Cheek pitched her lab testing company, EverlyWell, in this episode. The company offers at-home lab tests that provide convenient and accessible healthcare solutions. Julia’s passion for empowering individuals to take control of their health caught the attention of the Sharks, making it a memorable pitch.

These episodes are just a glimpse of the diverse and captivating pitches that have captivated both the Sharks and viewers over the years. Shark Tank continues to provide a platform for entrepreneurs to showcase their innovative ideas and pursue their dreams of business success.

Episode Entrepreneurs Pitch
Season 10 Episode 23 Guardian Bikes Innovative bike design for kids
Season 9 Episode 11 EverlyWell At-home lab testing company

Shark Tank memorable episodes

These episodes are just a glimpse of the diverse and captivating pitches that have captivated both the Sharks and viewers over the years. Shark Tank continues to provide a platform for entrepreneurs to showcase their innovative ideas and pursue their dreams of business success.

The Impact of Shark Tank

Appearing on Shark Tank can have a significant impact on a business. The exposure from the show can lead to increased sales and brand recognition. Some entrepreneurs have experienced the “Shark Tank effect,” where their business quickly grows after appearing on the show. While not all businesses secure deals with the Sharks, the exposure alone can provide valuable opportunities for growth.

Increased Sales and Brand Recognition

When entrepreneurs pitch their business on Shark Tank, they have the opportunity to showcase their products or services to a wide audience. This exposure can lead to a surge in sales as viewers become aware of the business and are eager to support the entrepreneurs. The show has a loyal fan base that trusts the judgment of the Sharks, so being featured on the show instantly boosts the credibility and visibility of the business.

In addition to increased sales, Shark Tank also provides entrepreneurs with valuable brand recognition. The show is known for featuring innovative and unique products, and being associated with Shark Tank can elevate the brand’s status in the marketplace. It allows entrepreneurs to leverage the show’s reputation and reach to attract new customers and establish themselves as industry leaders.

The “Shark Tank Effect”

Some businesses experience what’s known as the “Shark Tank effect.” This refers to a phenomenon where a business experiences rapid growth and success after appearing on the show, even without securing a deal with the Sharks. The exposure and publicity generated from being on Shark Tank can create a buzz around the business, attracting investors, partners, and customers.

Entrepreneurs who capitalize on the Shark Tank effect often leverage the attention and momentum to secure funding from other sources. The exposure and validation received from being on the show can make the business more attractive to angel investors, venture capitalists, and crowdfunding platforms. This can provide the necessary capital to fuel expansion and further propel the business.

Valuable Opportunities for Growth

Even if entrepreneurs on Shark Tank don’t receive investment offers from the Sharks, the exposure gained through the show can still open doors to valuable opportunities for growth. The visibility and credibility acquired from being on Shark Tank can lead to partnerships, distribution deals, licensing agreements, and media appearances.

Furthermore, entrepreneurs can use their Shark Tank appearance as a marketing tool to differentiate themselves from competitors. The show serves as a seal of approval and a testament to the quality and viability of the business. This can help entrepreneurs stand out in a crowded market and attract customers who want to support businesses endorsed by the Sharks.

Shark Tank Success Stories

Success Story Description
Lollacup A sippy cup designed for children that gained popularity after appearing on Shark Tank. The exposure from the show helped the business secure over $2 million in sales.
Scrub Daddy A smiley-faced sponge that became a household name after its appearance on Shark Tank. The business has generated over $200 million in sales since its initial pitch.
Squatty Potty A bathroom accessory designed to improve the colon’s natural position during elimination. After appearing on Shark Tank, the business experienced a significant boost in sales and went on to achieve over $100 million in revenue.

Conclusion and Future of Shark Tank

Shark Tank continues to be a popular show that captivates viewers with its showcase of entrepreneurs and their innovative products. With its continued success, the show has been renewed for future seasons, providing aspiring entrepreneurs with more opportunities to pitch their businesses to the esteemed panel of Sharks.

For those invested in the journey of the entrepreneurs featured on Shark Tank, the Shark Tank Blog serves as a valuable resource. This platform provides regular updates and follow-ups on the entrepreneurs who have appeared on the show, giving viewers the chance to stay informed about the post-show success and progress of these businesses.

As Shark Tank paves the way for the next generation of entrepreneurs, it remains an influential platform for the discovery and promotion of groundbreaking ideas. With future seasons on the horizon and the ongoing updates and insights from the Shark Tank Blog, viewers can look forward to staying engaged with the show and witnessing the entrepreneurial journeys that unfold.

FAQ

Q: What is the Banana Phone?

A: The Banana Phone is a novelty phone that looks like a banana and can connect to smartphones via Bluetooth.

Q: How much does the Banana Phone cost?

A: The Banana Phone is priced at .99.

Q: What devices is the Banana Phone compatible with?

A: The Banana Phone is compatible with both Apple and Android devices.

Q: Did the entrepreneurs on Shark Tank secure a deal for the Banana Phone?

A: No, none of the Sharks made a deal with the entrepreneurs for the Banana Phone.

Q: How much were the entrepreneurs seeking on Shark Tank?

A: The entrepreneurs were seeking 0,000 for 10% of their business.

Q: Have the entrepreneurs continued to sell the Banana Phone after Shark Tank?

A: Yes, the entrepreneurs have continued to sell the Banana Phone online and through retail channels.

Q: When did Shark Tank Season 14 premiere?

A: Shark Tank Season 14 premiered on September 23, 2022.

Q: Who were the guest Sharks on Shark Tank Season 14?

A: The guest Sharks on Shark Tank Season 14 included Emma Grede, Peter Scott, Kendra Scott, Daniel Lubetzky, Gwyneth Paltrow, and Tony Xu.

Q: What is the history of Shark Tank?

A: Shark Tank is based on the Japanese show Dragon’s Den and has been on the air in the USA since August 2009. It has since been adapted into about 30 versions worldwide, including the UK and China.

Q: Who are the investors on Shark Tank Season 14?

A: The investors on Shark Tank Season 14 include Mark Cuban, Daymond John, Kevin O’Leary, Robert Herjavec, Barbara Corcoran, Lori Greiner, Gwyneth Paltrow, Tony Xu, Emma Grede, Peter Jones, Daniel Lubetzky, and Kendra Scott.

Q: Can appearing on Shark Tank have an impact on a business?

A: Yes, appearing on Shark Tank can lead to increased sales and brand recognition, sometimes referred to as the “Shark Tank effect.”

Q: Will there be future seasons of Shark Tank?

A: Yes, Shark Tank has been renewed for future seasons, allowing more entrepreneurs to have the opportunity to pitch their businesses on the show.

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