Next into the tank are Dr. Hector Rodriguez and Maria Luna of Bravo, seeking $150,000 for five percent equity.
Bravo is a tipping app that allows users to pay strangers securely. According to their website, the app can be used “to find service professionals and other people near you securely using your GPS location,” leave ratings and privately chat with fans and sent payments and tips. The app can also be used to manage income within different periods, as well as to connect with customers. The app is available for free on both the App Store and Google Play.
The sharks worry that both the tipper and the person receiving the money need to have the app for tips to be sent. They make money through a transactional fee and a subscription model. Barbara Corcoran doesn’t see the solution to be all that easy and goes out, followed by Kevin O’Leary.
Guest shark Alex Rodriguez likes their story but finds Bravo a bit too confusing. He goes out. Lori Greiner and Mark Cuban then jump in with an offer of $150,000 for 15 percent. The duo counters $150,000 for 10 percent with two percent in advisory shares. Greiner and Cuban counter four percent in advisory shares, which they accept.
Social Media Reacts to Bravo’s Appearance on “Shark Tank”
Inspiring presentation, #Bravo! #SharkTank
— Ryan Bartholomee (@RyanBartholomee) November 6, 2017
This #bravo app is screaming for a QR code… #SharkTank
— Novafan23 (@Novafan23) November 6, 2017
Venmo is literally the same thing as Bravo! And its just as secure. I don't understand the difference. @mcuban #SharkTank
— Andrew (@DrewBTR) November 6, 2017
But I think that bravo would encourage some of those non-traditional entrepreneurs like street performers etc. #SharkTank
— ZBay$$$ (@zoombaby) November 6, 2017
Love seeing the true American dream happen for #Bravo @mcuban @lorigreiner. #SharkTank
— Daymond John (@TheSharkDaymond) November 6, 2017
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.
Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.
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