Com 435: Shark Tank Episode

Today in class we watched part of an episode for a new show, that has been out for 7 weeks now, called Shark Tank. This new show gives entrepreneurs the opportunity to bring their big ideas before wealthy individuals who may be interested in supporting them financially and investing in their work. On this particular show, a Purdue student, who participated in the Soy Bean Contest, was asking for 125K to support his Soy-dough (a gluten free play dough). I was really impressed by Sawyer's (inventor) negotiation skills. At first glance, he seems like a regular guy and his pitch wasn't that powerful. However, he had the facts to back him up and his hard work had paid off. He negotiated with these wealthy individuals. Ultimately, he walked away with 300K and 3 supporters. He had to give up 51% of is company...but I believe that he will go very far. How exciting to see his success!