Shark Tank: Beartek, sensible technology Gloves, comes in With Too high A Valuation, Walks Out with out a Deal
February 5, 2016
www.trendhunter.com
subsequent into the tank is Beartek in search of $ 500,000 for 5 p.c fairness.
Beartek uses good know-how through striking know-how proper in the palm of your hand. The gloves remotely control a smartphone or GoPro and can answer calls, play tune and more. more than a few contact points keep watch over the totally different capabilities. They value anywhere between $ 200-275.
Believing there was once an issue to resolve, they got here up with the speculation to make the most of smart expertise inside gloves. on the other hand, all the sharks query their $ 10 million valuation.
Social reactions from Beartek’s appearance on Shark Tank:
#Beartek seems truly cool #SharkTank i might purchase
— J (@jenieo23) February 6, 2016
#BearTek is introducing a cool piece of technology #SharkTank
— Kristi Garrett, PhD (@theDIYdoc) February 6, 2016
i’m liking these #BearTek gloves, however i’m too scared to take a look at them – electrical shock #SharkTank
— Johnathan Cooper (@DigitalBizDude) February 6, 2016
Kevin O’Leary calls out the opposite merchandise similar to theirs so Lori Greiner questions what makes theirs more desirable. They consider it is more accurate for the reason that it’s managed all the way through your fingers. It doesn’t persuade O’Leary, on the other hand, and he goes out, as does Mark Cuban for the risk-reward problem.
Daymond John believes they came in too early and with too excessive a valuation so goes out. now not being certain of their valuation, Robert Herjavec goes out too.
Greiner likes the speculation for the safety element however believes it’s nonetheless too much in its infancy so goes out.
ultimate deal: None.
Would you are attempting the Beartek gloves?
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