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Shark Tank investor Daymond John is the CEO of The Shark Group and a New York Times best-selling author. He has published books The Power of Broke in 2016 and Rise and Grind in 2018. Throughout his time on the ABC series, Daymond has signed deals and provided guidance to young entrepreneurs.
However, on Shark Tank season 2 episode 1, which was aired on March 20, 2011, Daymond decided to make an offer to Würkin Stiffs' entrepreneur, Jonathan Boos, despite clashing with him. This was one of the major twists in the episode when The Shark Group CEO joined Barbara's offer of $100,000 for 40%.
Daymond and Jonathan got into an argument, which led the former to back out. He said:
"I didn't say you couldn't make a successful brand. People who are successful have thoughts of high value people who aren't, have thoughts of low value. So you're valuing yourself high. If you're going to argue with me, I don't want a partner who's going to argue with me. I'm out."
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Daymond makes a deal for Würkin Stiffs entrepreneur alongside Shark Tank investor Barbara
Würkin Stiffs entrepreneur appeared in Shark Tank's season 2 episode 1 to pitch his unique product related to men's accessories. He told the investors that his magnet product helped men keep their shirt's collar in place. This solution managed to impress four sharks: Barbara Corcoran, Daymond John, Kevin O'Leary, and Robert Herjavec.
The Würkin Stiffs entrepreneur Jonathan Boos asked $85,000 for 10% equity. After his pitch ended, the sharks asked whether Jonathan's business was profitable. He shared that his hit product would bring $1.8 million in sales in the coming year.
Upon hearing this, Shark Tank investor Kevin offered $100,000 for 30% equity, with a 14% royalty, which Jonathan declined. He said more than money, he was looking for guidance and assistance to build a multi-million dollar brand. Jonathan continued:
"I need more than money. I need someone that can help me. Daymond, you sold hats, one product right, and then you created an empire of a brand. So, you're looking at me like I can't make this into a successful brand, that's what I don't get."
As he started to interrupt, Daymond said that he was out because Jonathan wouldn't let him complete his sentence. The Shark Tank investor explained that he was about to give Jonathan an offer, but that wasn't the case anymore. He added:
"What I was trying to tell you is the reason you will be wealthy cause you have thoughts of high value I was trying to give you a compliment, but when I was trying to talk, I could not speak to you. I was gonna give you an offer."
Robert then offered $100,000 for 30% equity, later changing it to $100,000 for 25%. This was after Kevin lowered his equity to 20% but kept the 14% royalty the same. Next was Barbara, who convinced Daymond to join her offer of $100,000 for 40% equity. Despite the minor clash between Daymond and Jonathan, the latter agreed to Barbara's combined offer.
As of August 2023, Würkin Stiffs is worth $16 million, according to Shark Tank Recap.
All previous episodes of Shark Tank are available on ABC.
