Shark Tank Premiere Goes Live With Uncut Pitches, Viewer Input – Rate It!

ABC’s shark tank went live for the season 14 premiere on Friday night, culminating in an unparalleled offering.

For the first time ever, a studio audience joined Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John and Kevin O’Leary as they were presented with raw, unfiltered pitches from entrepreneurial hopefuls—and that’s for just one night. Home viewers were asked to consider whether our Sharks should take the plunge and make an investment. (The series returns to its regular, pre-taped format next week.)

So how many deals were closed in real time? And what offer did Cuban make to the third and final entrepreneur of the night? Read on to find out…

PITCH NO. 1: COMPOSTABLE UNDERWEAR | Jeff and Stacy Grace enter the tank and demand $200,000 in exchange for five percent of their company: Kent, maker of the world’s first compostable underwear. (When their time is up, you can literally plant your pants!) They’re on track to make $500,000 this year, but they’ve valued the company at $4 million — ouch! Not in their favor either: A pair of their eco-friendly Skivvies costs between $20 and $24, which is more than the average American can afford.

Mark taps out, followed by Daymond. Barbara makes them an offer — $200,000 for 20 percent — but that lowers their rating significantly. Robert then turns to the studio audience for a show of hands to see how often the average American buys new underwear. ABC then opens the polls for viewers at home to weigh during the commercial break. After seeing the results, Robert makes the couple an offer: $200,000 for 15 percent. Lori agrees to that offer, then Daymond steps in again – same offer! Jeff and Stacy come in hoping to work with Daymond, so they accept his deal.

PITCH NO. 2: BABY BOOGER PICKER | Sina and Nina Farzin enter the tank, claiming $400,000 for five percent of their business: Oogiebear, a line of products that helps kids (and parents!) breathe easier. It’s valued at $8 million, but they have the sales to back it up. As of 2015, they have earned over $15 million. This year alone, they’re on track to hit $5.4 million in sales — and $1 million in profit.

Kevin interrupts Nina to make a deal. Believe it or not, he says, he doesn’t have a nose pick in his portfolio. So he offers them $400,000… for 10 percent of the company. Daymond taps out, then Lori jumps in. But before she makes them an offer, we have our second viewer poll: Having a hard time picking babyboogers? The results clearly don’t really affect Lori’s decision, who comes in with an offer: $400,000 for 10 percent… but she wants Mark to go along with her. They raise equity to 12 percent, then Barbara comes up with an offer of her own: $400,000 for 10 percent — and if she can’t bring her sales to $400 million in two years, she’ll give them back half their shares. (Whoa!) Robert walks in with Barbara and they up their offer to $600,000 for 10 percent. Act!

PITCH NO. 3: COLLAPSIBLE PIZZA CONTAINER | Tate Koenig, who appeared in season 12 and left no deal for the Cheese Chopper, returns with the Pizza Pack, a collapsible pizza storage container that can store a single slice or a whole pie and comes with five dividers that not only keep slices from separating during storage but double as microwavable pizza plates. You can also reheat the entire cake in the container at once. He makes them for $4 a pack and sells them for $24.99. In just five months, he made over $250,000 in sales. He wants $100,000 for 10 percent of the company.

Mark is not interested in any part of the company; he wants the whole damn cake. As they head into the final commercial break, he challenges Tate to consider what it would cost to buy his company outright. After the break, Tate asks for $5 million, which Mark calls “crazy,” but he tells Tate to keep thinking while he hears from the other sharks. Mark eventually offers him $1.5 million for the pizza package, but Tate came in the tank, determined to work with Lori. He rejects Mark’s offer, as well as offers from Kevin (who offers him $100,000 for 10 percent…but demands a $1 royalty until he recovers his $100,000, at which point the royalty goes down forever). 50 cents) and Daymond (who offers him). $100,000 for 20 percent) and agrees to Lori’s offer: $100,000 for 13 percent.

what were you thinking about shark tank‘s Season 14 Live Premiere? Would you like to see another live episode of the series in the future – or was one live episode more than enough? Participate in the polls below, then tune out in the comments.