Next up is Daniel Turissini of Recharj, seeking $75,000 for 15 percent equity.
Recharj is a meditation and napping studio that creates the perfect space for rest and relaxation. According to their website, the studios, which are located in Washington, D.C. and Bethesda, Maryland, feature “premier contemplative and restorative practices, including meditation & power naps.” The meditation and napping sessions are available throughout the day while self-guided practices are open to the public when classes are not occurring. Currently, they have 35 instructors and more than 7,000 clients. Classes include mindfulness, movement, de-stressing and more.
Robert Herjavec, Mark Cuban and guest shark Rohan Oza put Recharj to the test in the mini studio and agree that it’s very relaxing. Barbara Corcoran, however, immediately points out that she would be worried about sleeping in a spot where someone else already has. Turissini says they are washed regularly and sprayed between each use.
The company is expected to break even at the end of the year. Turissini, however, is still working his full-time job. His franchising vision also concerns Cuban. He doesn’t think everything adds up and goes out. Oza likes the philosophical side of the business, but doesn’t see it as investable. He goes out, followed by Herjavec. Lori Greiner likes the mindfulness aspect but thinks he has too many ideas all at once. She goes out. Corcoran worries about the business model and goes out.
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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Author: Erica Abbott