ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

'Shark Tank' offers 6-figure deal to founders who showed up with a chainsaw in wild TV moment

No one expects to see a tool that can be extremely dangerous on a show like "Shark Tank."
PUBLISHED 1 DAY AGO
Screenshots showing the entrepreneurs and the judges with the chainsaw-styled product on "Shark Tank" (Cover image source: YouTube | Shark Tank Global)
Screenshots showing the entrepreneurs and the judges with the chainsaw-styled product on "Shark Tank" (Cover image source: YouTube | Shark Tank Global)

Bizarre and innovative pitches aren't a new thing on “Shark Tank” after 16 seasons, but none of those save entrepreneurs from sharp criticism from investors such as Kevin O'Leary. But entrepreneurs pitching their product called Mighty Carver countered this by bringing a chainsaw to the sets. The husband and wife duo of Kim and Lance Burney came up with the product and asked for $100,000 for 20% equity in their company. The product was simple but so innovative that most sharks got interested and wanted a share of the business.

It was the brainchild of Kim who wanted to keep a family tradition of the man of the house cutting the Thanksgiving turkey alive. However, she was confused over who should take over the role of her grandfather after he had passed away. It turns out that her father, husband, and brother were all fans of power tools and had an electric knife that looked like a chainsaw.

Screenshot showing Mark Cuban in a Jason Voorhees mask testing Mighty Carver. (Image credit: YouTube | Shark Tank Global)
Screenshot showing Mark Cuban in a Jason Voorhees mask testing Mighty Carver. (Image source: YouTube | Shark Tank Global)

After their pitch, the couple called Mark Cuban to the stage to try the product out. He wore a Jason Voorhees mask and sliced through the turkey, drawing laughter from the other sharks. At the time of filming, the husband-wife duo had recorded sales worth $163,000 the year prior and $41,000 year-to-date. Kevin O’Leary was the first to make an offer. He wanted to be a third partner in the business for $100,000.

Daymond John then offered the same money for 27.5%. The Burneys still didn’t seem convinced and looked towards Barbara Corcoran. She was interested but wanted to make the deal with Mark Cuban. However, John being the shrewd businessman that he is, said that he would do the deal for 25% if they accepted it right at that moment. Lori Greiner also indicated that they should take the deal. Ultimately, that’s what the entrepreneurs did and danced out of the stage.



 

This was a big deal. Kim and Lance knew that any slip-ups could risk them losing John as an investor and partner. However, one of their biggest fears came true many months after the “Shark Tank” episode. "We made a huge [manufacturing] order with a big cash deposit. And then we found out a month after we aired that this man took off with our money and never made our order," Kim recalled according to Tasting Table.

However, John did not leave their side and stuck with them through thick and thin, reassuring his support. "The phone call I had to make to Daymond was, 'You might you might not want to be my partner,'" Kim added. However, the celebrity investor reportedly said, “This happens in business. You've learned a lesson. And the good news is, I want to be your partner."



 

“Shark Tank” successes don’t always bloom into successful business ventures but Mighty Carver is one that has done well consistently and the entrepreneurs had some advice for up-and-coming business owners. “Don't listen to the negativity. Get rid of all the white noises around you. If you believe in what you're doing, you'll find a way to get it done," Lance said.

MORE ON MARKET REALIST
George Gray has had his moments in the spotlight and keeps bringing something new to the sets.
47 minutes ago
The entrepreneur defended her product and Greiner also chimed in with her take.
1 hour ago
It all started with Carey joking about the model turning up in swimming trunks.
21 hours ago
Drew Carey has seen a lot of things on the show and he was still surprised by this.
23 hours ago
With a pink suit, a cowboy hat, and a thick Southern accent, this entrepreneur was hard to ignore.
1 day ago
The veteran host didn't notice it at first but couldn't help but make a joke when he saw the print.
1 day ago
No one expects to see a tool that can be extremely dangerous on a show like "Shark Tank."
1 day ago
Out of all the criticism Seacrest has faced so far, this has to be the most outrageous.
2 days ago
Getting a deal on "Shark Tank" is a big deal and no entrepreneur wants to see that feat being belittled.
2 days ago
Things like these don't usually happen on the show but Drew Carey was ready with his feet.
2 days ago
The host won a lot of hearts with this gesture which will go down as one of the show's best moments.
2 days ago
Carey was smiling while Mary was scrambling for answers in a state of confusion.
3 days ago
The producers may not be with Harvey on stage but sometimes they join the fun.
3 days ago
Drew Carey tried his best to get something out of the contestant but to no avail.
3 days ago
Even the veteran host was caught off-guard by Rachel Reybnolds's lesser-known skill.
3 days ago
The contestant was loved by the studio audience who gave a massive cheer as she went on stage.
4 days ago
Fans complained that Carey maybe getting too old to take all the physicality during celebrations.
4 days ago
Everyone has their own preferences but few people ever talk about this stuff on national TV.
4 days ago
Drew Carey cares about his co-workers but he also doesn't hesitate to laugh at their expense.
5 days ago
It's a moment of happiness when someone gets a deal on the show but it doesn't always end well.
5 days ago