Shark Tank US | Astounding 13-Year-Old Entrepreneur's Negotiating Skills

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This article is a summary of a YouTube video "Shark Tank US | Sharks Are Shocked at 13-Year-Old Entrepreneur's Negotiating Skills" by Sony Pictures Television
TLDR A 13-year-old entrepreneur pitches innovative socks with pockets for kids and impresses the Sharks with her business acumen, determination, and negotiating skills.

Key insights

  • 🤯
    13-year-old entrepreneur pitches innovative socks with pockets for kids, solving the problem of missing important calls or texts while playing sports or dancing.
  • 💼
    "For every pair of socks that we sell, we donate a pair of socks to kids in need."
  • 🦈
    The young entrepreneur has been watching Shark Tank since she was six years old, highlighting her determination and long-term goal of appearing on the show.
  • 💰
    Sophie has successfully generated $16,000 in sales as a 13-year-old entrepreneur, demonstrating impressive business acumen at a young age.
  • 🎉
    "Congratulations, you should be so proud." - Despite not receiving investment, Sophie's entrepreneurial spirit and achievements at such a young age are commendable.
  • 🌟
    "You're already out there hustling, thinking, creating, doing it yourself." - The Sharks recognize the young entrepreneur's drive and potential, expressing their willingness to support her in her entrepreneurial journey.
  • 🤝
    "Let's share it, 35,000 for 25." - The entrepreneur confidently counters the initial offer, showcasing her ability to negotiate and secure a better deal for herself.
  • 😮
    The Sharks are shocked by the negotiating skills of this 13-year-old entrepreneur.
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Q&A

  • What is the product being pitched in the video?

    — The 13-year-old entrepreneur is pitching innovative socks with pockets for kids.

  • What impresses the Sharks about the entrepreneur?

    — The Sharks are impressed by her business acumen, determination, and negotiating skills.

  • How old is the entrepreneur in the video?

    — The entrepreneur is 13 years old.

  • What makes the socks innovative?

    — The socks have pockets for kids, making them unique and practical.

  • What is the outcome of the entrepreneur's pitch?

    — The outcome of the pitch is not mentioned in the summary.

Timestamped Summary

  • 🦈
    00:00
    13-year-old entrepreneur pitches innovative socks and leggings with pockets to the Sharks, impressing them with her negotiating skills and patent-pending design.
  • 🦈
    01:21
    13-year-old entrepreneur pitches Wise Pocket Products, a sock with pockets, and impresses the sharks with her business and negotiating skills.
  • 🦈
    03:06
    13-year-old entrepreneur created a solution for slipping socks, invested $10,000 of own money, and aspired to be on Shark Tank since age 6.
  • 🦈
    04:09
    13-year-old entrepreneur impresses Sharks with $16,000 in sales and plans to streamline production with $30,000 investment.
  • 🦈
    05:10
    13-year-old entrepreneur pitches sock company to Sharks, but they all decline to invest due to lack of interest and expertise in the product.
  • 🦈
    06:00
    13-year-old entrepreneur feels confident and boosted by her business, and the sharks are impressed and want to help her succeed.
  • 🦈
    06:31
    13-year-old entrepreneur impresses the sharks with her negotiating skills and secures a deal for her company.
  • 👏
    08:06
    13-year-old entrepreneur impresses the Sharks and secures a deal with two of them.
Play video
This article is a summary of a YouTube video "Shark Tank US | Sharks Are Shocked at 13-Year-Old Entrepreneur's Negotiating Skills" by Sony Pictures Television
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