
Insta-Fire Shark Tank Recap
Konnel and Frank enter seeking $300K for 10% of their business. They searched for an easier way to start a fire and say, “we didn’t invent fire, we perfected it.” Insta-fire is the easiest fire starter in the world. Konnel lights it, and floats the burning material on water. You can even put it out with itself. It’s good food for starting charcoal. They have cellulose pouch with product inside for lighting charcoal. One cup of Insta-fire boils 4 cups of water in ten minutes.Robert wants to know their vision. They have three markets: emergency fuel, fire starter, and charcoal lighter. In 7 years, they have $2.1 million in sales. They did $378K last year and are on track to do $850K this year. I costs 18.5 cents for a pouch of the charcoal lighter and they sell it for $1.39.Robert wants to know what’s missing and they say they really didn’t get the word out until the last year and a half. Now, they are in big box retail stores. Last year profits were $238K and they paid themselves $36K each. Robert says they need to do massive volume and thinks $300K for 10% is too much.Kevin doesn’t think the business is worth $1 million, he’ll offer $300K for 33.3% then Daymond offers $300K for 20% and 33.3% of online sales. Mark asks if Lori will partner at $300K for 33.3%. Lori says she’ll do retail and Mark will do online sales.After a break, Daymond says if they aren’t interested, then let him know. Kevin says he’s the king of QVC and Lori says he’s the joker! After some back and forth, Daymond goes to 17.5% and 25% online for $300K. Kevin goes to 25% and Lori drops to 30% while touting the benefits of having two Sharks. Kevin goes to 20%, but they do the deal with Mark and Lori anyway. In the hall they are on cloud nine!RESULT: DEAL with Mark and Lori for $300K for 30%Insta-Fire Shark Tank Update
The company gets an update segment in episode 817 in season 8.Konnel and Frank left the Tank walking on air after getting a Shark duo deal that included both Lori and Mark. Their dreams were founded on solid fuel – the deal went through just as discussed on the show. The pair were able to order the new packaging machines they needed, and having Sharks on their side has lent the company a sense of legitimacy. “When we contact companies, they are more likely to take our calls,” Konnel told Forbes.Within 5 years of their initial Shark Tank appearance, the pair projects that InstaFire sales will grow to over $7 million. With the help of the Sharks, Insta-fire is setting the market on fire and earning the creators, and the Sharks, cold, hard cash.As of August, 2021, they have surpassed that number! Annual revenue is $4 million.Posts About Insta-Fire on Shark Tank Blog
Fire StarterInsta-Fire Company Information
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Shark Tank Keto Scam
There have been a lot of emails in my inbox about a new Shark Tank Scam – the Shark Tank Keto Scam. Just like the Shark Tank Skincare Scam I reported on a few years ago, this scam is designed to part you from your money by offering a “risk free trial offer.” DON’T BELIEVE <…>
Shark Tank Skin Care Scam
For the past year or so, I have been inundated with complaints about a Shark Tank skin care scam. Most of the complaints come from people who ordered the product and had their credit cards charged without authorization for as much as $109! The so-called “biggest deal in Shark Tank history” is a TOTAL SCAM. <…>Shark Tank Products on Amazon
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