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 / NEWS

'Shark Tank' judges were offered $96 billion in profit by a man with a bizarre pitch — it went as expected

The Texas inventor pitched a generator named after him on the third season of Shark Tank.
UPDATED DEC 14, 2024
Screenshots from the episode showing Sullivan pitch his device (Cover image source: YouTube | Abc Shark Tank/ Meme Master Yoda)
Screenshots from the episode showing Sullivan pitch his device (Cover image source: YouTube | Abc Shark Tank/ Meme Master Yoda)

Over its long run, "Shark Tank" has seen some of the craziest pitches. However, very few come close to the proposition made by a scientist who claimed he could create gold from seawater. Biomedical engineer and inventor Mark Sullivan pitched the idea of his electric generator that created gold as a by-product. Asking for $1 million in exchange for 10% of equity in his company, Sullivan promised that he would make the Sharks $96 billion in profits. While it sounded exciting, no one was interested in making a deal. 



 

The Texas inventor pitched a generator named after him on the third season of Shark Tank. After strutting confidently to the middle, Sullivan through a diagram and a model of the generator, explained to the sharks how his invention works. He claimed that the Sullivan Generator works by leveraging the earth's spin to produce electricity using seawater.

Screenshot from a video | YouTube | ABC/Meme Master Yoda
Screenshot from the episode showing the pitch (Image source: YouTube | ABC/Meme Master Yoda)

He said that the generator pulls up salt water from the sea and through the Coriolis effect, the water is spun in a chamber like a hurricane, leaving behind minerals and delivering vapor to a vortex chamber.  While this vapor worked the turbines to generate electricity, the other precipitates/byproducts would be minerals like manganese and gold. Sullivan boldly claimed that the generator would make $9 worth of gold with every cycle.

Screenshot from a video | YouTube | ABC Shark Tank/Meme Master Yoda
Screenshot from the episode showing the sharks (Image source: YouTube | ABC Shark Tank/Meme Master Yoda)

The Sharks were naturally in disbelief. The questions started flying in as everyone wondered how the machine would work. Eventually, one by one all of the sharks opted out of investing in Sullivan's idea and he walked out of the show without a deal. However, the proposal has gone down in TV history as one of the most memorable ones on the show. 



 

Sullivan's invention has been reviewed by many experts who have determined that the generator is flawed and would not work.

In a detailed YouTube video, Physics Odyssey breaks down the concept and claims of Sullivan. The creator explains that all three aspects of Sullivan's generator would not work and it may be a complete failure.



 

Despite this, Sullivan maintains that his invention is functioning and has published papers on it on his official website. On his website, he claims that the "revolutionary generator" is the first in history to use the constant rotation of the Earth and it will help the world achieve a truly sustainable source of energy. 

One of the other memorable pitches was from the owners of Haven Lock, Alex Bertelli, and Clay Banks, who pitched an impenetrable smart lock. The duo claimed that doors with ordinary locks were too easy to kick down.



 

Unlike Sullivan, they didn't just make the claim and went on to demonstrate this. One of the founders of the company tried to kick down a door on the stage to show how vulnerable they were. However, even after several attempts, he fails to make his claim stick. Due to the poor pitch, they got no offers, but it went down as one of the best pitches of the show.

This article originally appeared 2 months ago.

MORE ON MARKET REALIST
Taking advice from his dad in the audience, Robert chose to play it safe.
1 day ago
The reduction in utility bills will be temporary and residents will end up paying some of that back
1 day ago
The player, Chad Hedrick got the fans to the edge of their seats before scoring the win.
2 days ago
The layoffs are expected to hit the People Experience and Technology units of the retailer.
2 days ago
In the retailer's latest earnings call, CEO Ron Vachris praised the app based checkout system.
2 days ago
The bill aims to overhaul the governance of community associations to increase transparency.
2 days ago
The silicone strings attached to a Yetonamr toy have caused over 30 instances of choking. attached to the toy violate the safety standards and pose as a choking hazard.
2 days ago
The young man earned Harvey's respect with his mature but creative answer.
2 days ago
After the market saw its worst day since October, Trump seemed to soften his threats to the E.U.
3 days ago
The guest had previously bet that her 'His Master's Voice' gramophone wasn't authentic.
3 days ago
At the World Economic Forum, Trump made claims about the economy that the numbers fail to support.
3 days ago
The court is hearing arguments in a case challenging the president's authority to fire Cook.
4 days ago
The sweeping order directs the FTC and DOJ to limit purchase of homes by institutional investors.
4 days ago
Despite the pushback, Trump has made it clear that there is "no going back" on the issue.
4 days ago
Harvey knew the answer wouldn't be on the board as he had some first hand experience.
5 days ago
The guest, who knew about the artist's popularity, didn't expect to get a five-figure appraisal.
5 days ago
New tariffs will follow immediately if the court voids current ones.
5 days ago
Harvey was sure the answer was too weak as he knew women well enough.
6 days ago