Are you or your kids play a lot with your DIY toys? Watch out – what you do might interest Shark Tank’s Kevin O’Leary, Barbara Corcoran and Robert Herjavec. Just ask the 13-year-old Noah Cahoon.
Noah and his dad, Brian are starting a small toy business, and they want to pitch the Shark Tank with their venture, Paper Box Pilots.
Here’s the interesting part: It’s not Brian who pitches the Sharks; it’s the CEO of the company, the young man Noah.
Watch Noah’s pitch that has attracted the offers from 3 of the 5 Sharks – a rarity on Shark Tank. Noah needs to choose one, though:
In the end, Kevin O’Leary’s support for the amount of $35,000 (with a 50 percent stake) won Noah’s pick. He’s looking up to Mr. O’Leary for his experience in the toy industry.
Lessons learned:
1. Your age doesn’t matter. Your confidence does. And not all have the confidence that 13-year-old Noah has. And believe me, you need a lot of confidence when pitching to the Sharks.
2. Want more success potential with your startup? Non-electronic toy niche can offer you that. Gadgets, mobile devices, and other electronic devices are invading our kids’ brain and us parents need to go retro when it comes to fun.
3. Dads – want your kids to be successful? Don’t let your kids follow you around and learn from you how to do it. Instead, let them start a business and be the CEO. Keep yourself as a mentor. Don’t butt in. Seriously.
How about you? What are the lessons you learn from the Sharks, Noah and his Paper Box Pilots?
