Jolly Rogers Telephone Co. Update | Shark Tank Season 10
Roger Anderson and Steve Berkson came onto
Shark Tank Jolly Rogers Telephone Update
- Entrepreneurs: Roger Anderson and Steve Berkson
- Business: Phone Scam Prevention
- Ask: $400,000 for 10% equity
- Result: No deal
- Sharks: None
Roger and Steve admitted that they believe their company is worth $4 million, while they have very little actual data about their own company’s performance as a service. It costs them about $4 to maintain a client’s subscription to their service while the client is required to pay $12. Most of the costs for the company come from telecommunications fees.
Some of the sharks were not interested at all in the Jolly Rogers Telephone Co. that Roger and Steve were trying to pitch to the sharks. In fact, Mark Cuban had already heard enough and dropped out because he could not relate to the company. Lori Greiner also had trouble understanding the company concept and decided to drop out.
Kevin O’Leary decided to make an offer to the entrepreneurs. He offered a $400,000 investment in exchange for a whopping 50% equity in the company. Roger and Steve didn’t seem too pleased with the offer, but Kevin was the only shark to have even made an offer up to this point in the negotiations.
Daymond John and guest shark, Jamie Siminoff also dropped out, leaving Kevin’s offer as the only offer on the table for them to consider.
Unfortunately, the sharks and the entrepreneurs couldn’t come to an agreement and the Jolly Rogers Telephone Co. would be forced to leave
The company’s growth hasn’t really taken shape since its appearance on
You can find the other company updates from Season 10 Episode 15 here:
Don’t forget to take a look at our Season 10 products page! We’ve got more company updates from