Printer ink can run out at the most inconvenient of times. That’s why Andy Sperry has created a program that ensures customers will never run out of ink. Will his company earn a deal on
Shark Tank Ink Flip Update
- Entrepreneur: Andy Sperry
- Business: Printer ink refill program
- Ask: $150,000 for 20% equity
- Result: No deal
- Shark: None
Kevin O’Leary asked how he would go about ordering his first cartridge, wondering what the printer manufacturer’s reaction would be.
Andy said the business was all online, so all orders would be done on the website. Robert Herjavec also asked about the manufacturers, but Andy said they couldn’t force anyone to use the same brand of cartridges.
After six months on the market, Andy had $10,000 in sales. Kevin O. asked how much it would cost to acquire customers.
Andy admitted that he didn’t know and that he was in the tank to acquire expertise through the sharks. Kevin was highly unimpressed, as were most of the other sharks.
Robert was taken aback by this comment, as the business depended on a growing customer base. Barbara Corcoran asked how much Andy had invested, which was about $50,000.
Kevin O. went out due to Andy’s lack of knowledge. Daymond John followed out, stating that he saw no proprietary product and not enough business knowledge.
Robert went out because he said he didn’t want to fund a test, along with Kevin Harrington. Barbara said Andy hadn’t done his homework, and didn’t deserve an investment. She went out.
Andy had to leave
Our Ink Flip update reveals that the company did not make it much longer after its
This will be our final Ink Flip update.
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!