Can Nana Hats revolutionize banana preservation? | Shark Tank US | Shark Tank Global.

An entrepreneur presents Nana Hats, a banana preservation device that reduces food waste. Seeking investments to expand the business.

00:00:00 A entrepreneur presents Nana Hats, a banana preservation device that reduces food waste. Seeking $150,000 for 10% equity.

🍌 Nana Hats is a company seeking investment on Shark Tank to prolong the life of bananas and reduce food waste.

πŸ‘‘ Nana Hats is the world's first banana preservation device that comes with interchangeable hats.

🦈 The entrepreneur is looking for a shark to invest $150,000 in exchange for a 10% stake in the company.

00:01:24 Can Nana Hats extend the life of bananas? They slow the spread of ethylene gas and can preserve bananas for 8-12 days. Nana Hats are sold in packs of two for $12.99, with a cost of $1.95 to make.

🍌 Covering the top of bananas with Nana Hats slows down the ripening process by reducing the spread of ethylene gas.

πŸ’° Nana Hats can extend the shelf life of bananas by 8 to 12 days, providing value for customers.

πŸ”— The concept of using plastic wrap to preserve bananas in stores is similar to the methodology of Nana Hats.

00:02:45 Can a unique hat invention impress the Sharks on Shark Tank? The entrepreneur created a solution to keep bananas fresh without contributing to the plastic waste problem. Impressive sales growth projected for this year.

🍌 The entrepreneur created a product to keep bananas fresh without using single-use plastics.

🏦 The entrepreneur, who works as a wealth manager, started this venture during the pandemic.

πŸ’Ό The business achieved sales of $483,000 in 2021, with projections to reach $600,000 this year.

00:04:08 A business pitch for Nana Hats on Shark Tank. The entrepreneur turned a crazy idea into a successful product, but the Sharks were not convinced it was a big enough business.

🍌 The entrepreneur pitched a product that puts hats on bananas and received positive feedback for their determination and success.

πŸ’Ό The entrepreneur discussed their efforts to market the product to grocery chains and their pending Utility Patent for a banana preservation device.

❌ One of the sharks expressed doubts about the scalability and profitability of the business.

00:05:30 A new father enters the Shark Tank with Nana Hats. He seeks investments from the Sharks to expand his global brand. Will they take his business seriously?

πŸ‘¨β€πŸ’Ό The entrepreneur is the sole employee of the business and owns 100% of it.

πŸš€ The product has potential for success on Shark Tank, but it will require a lot of work to make a lot of money.

🦈 Multiple sharks are interested in investing in the business, offering different percentages of the money.

00:06:56 Entrepreneur pitches Nana Hats to the Sharks, negotiating royalties and equity shares. Deal secured with two Sharks at 20% equity for $150,000.

✨ The entrepreneurs are discussing a potential deal and negotiating the terms with the Sharks.

πŸ’Ό They consider different options, such as involving or excluding certain Sharks in the deal.

πŸ’° The negotiation involves discussing equity percentages and investment amounts.

00:08:20 Can Nana Hats convince the Sharks? With a clear vision and Lori and Peter as partners, Nana Hats could become a household name.

🧒 Despite initial laughter, the Sharks became interested in the business after hearing about the sales and visionary plans.

πŸ‘₯ The entrepreneur is thrilled to have Lori and Peter as partners and believes they can make the business a household name.

❌ The video concludes with a humorous reminder to subscribe to the Shark Tank Youtube channel.

Summary of a video "Can Nana Hats Get The Sharks To Take This Business Seriously? | Shark Tank US | Shark Tank Global" by Shark Tank Global on YouTube.

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