Shark Tank: coffee Product Hotshot Falls Flat, Walks Away with out Deal
Erica AbbottOctober 30, 2015
heavy.com
next up is new york-based totally product Hotshot. he is searching for $ 300,000 for 10 % equity.
The product is a can of coffee for those people who find themselves on-the-go within the morning. (And let’s be sincere, who isn’t?) The can of coffee is heated at 140 degrees and able to go when you find yourself.
The sharks are in agreement that the espresso tastes just right and beauty how he got here up with the product. Having visited Japan, he was once inspired through coffee present in a form-of fridge.
i will drink coffee every time! Throw me a #hotshot right now! #SharkTank
— Saboor Khan (@saboortweets) October 31, 2015
classic Kevin O’Leary cites a narrative of Greek mythology relating it again to pushing on for six years with out gross sales. He calls it a passion and goes out. He has been creating the product all the time to make sure that it could actually stay heated across four months.
He says that the key demand is in movie theaters to serve coffee. Robert Herjavec wonders if folks would really go for that after there are a plethora of espresso shops. He goes out.
#HotShot could be excellent on mass transit. plane espresso is awful and this could be welcome. #SharkTank
— Barbie Thoeming (@BarbieThoeming) October 31, 2015
Chris Sacca finds the market too competitive and goes out.
Mark Cuban likes his product however goes out. He offers, however, giving it a check if he could get it in Landmark theaters.
Lori Greiner suggests stopping the product for having invested over six years without sales, so she goes out.
i’m in point of fact loving sizzling Shot espresso! I in point of fact assume @ABCSharkTank overlooked out on a cool & new concept. #HotShot
— marissa grace (@marissagrace_) October 31, 2015
closing deal: None.
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