Sarah Oliver Handbags Shark Tank Update
| Pitch | community-made handbags knitted by senior citizens |
|---|---|
| Entrepreneur | Sarah Oliver |
| Asked For | $250000 for 20% |
| Deal | $250,000 for 30% equity stake |
| Shark | Robert Herjavec, Lori Greiner, Kevin O’Leary |
| Shark Tank Tax | 10% |
Its too bad she’s out of business now. Wishing her all the best!
I found this segment macabre.
Sarah Oliver mentioned that one of her elderly ladies would be paid $17 for making a bag that took her more than a day to make.
No one expressed concern about what seemed like sub minimum wage labor.
No one expressed concern about exploiting elderly people’s willingness to work for cheap as a loophole to increasing margins as a business model for owners and investors to get rich.
What we did hear is Kevin repeatedly express demand for these elderly people to be able to churn out more bags per week.
To which, again, no one pushed back on him. Sarah Oliver only nodded along and agreed that they would.
Did the seniors object to this deal? Was a great idea just maybe they should have paid them more.
Did sharks get money back