What it's Like to Be on Shark Tank

Chad Riddersen

Posted on April 28 2012

It's been 24 hours since our [Lollacup] pitch aired on Shark Tank last night, and my heart and mind have not stopped racing.  So much to do and share.  How we went from a simple idea for a new straw sippy cup to landing Mark Cuban and Robert Herjavec as business partners is baffling.

I guess I'll begin by sharing how Mark and I tuned in last night.  The most responsible thing to do would have been to watch the Shark Tank episode at home, with phone in-hand and computers fired up to attend to any issues that may arise.  BUT we thought about all the people who were in involved in bringing this straw-sippy-cup-project to fruition, and we just had to get everyone together and relish in the moment.  How often does one have an idea, take it to market, get on national TV, and land a business deal with Mark Cuban and Robert Herjavec?  You only live once, so we just had to go the viewing-party-route.  I promise we will respond to your voicemails and emails soon.

Between family, the friends we see regularly, and people who've directly worked on lollacup, we had about 75 people we needed to host.  Our home/office was not an option with those numbers, so Mark and I had to get creative in thinking about how to plan a Shark Tank Viewing Party on a budget.  Mark suggested watching it at our old high school, where we met and started dating.  I thought it was a long-shot, but we asked the administration, and the school was gracious enough to let us use the lunch area for dinner and drinks and the auditorium to watch the show.  It was so nostalgic and special to be on campus for this event.  Some of our teachers even joined us!

Thank you Phil Webb and Fleetwood-Fibre for the "card." We have the BEST vendors.

Guests began to trickle in around 7 pm, and they all tried their best to stay off of social media so as not to know the outcome.  We were last into the "tank," so by 8:40 p.m. everyone was pumped for our appearance - our bellies were full and we had all had a few glasses of wine.

Finally, around 7:45 p.m. the commercial break ended and our friends were cheering [loudly] as we were introduced as "next into the Shark Tank."  I don't know about you, but every time I hear my own voice on a recording, I cringe.  Can you imagine how I felt watching my every mannerism on national TV?

During the taping, Mark and I stood in front of those sharks for well over an hour, and what you saw on Friday was edited down to less than 15 minutes.  I must say that the show did a great job with the editing . . . everything you saw was a concise representation of how we remember it all going down.  Aside from childbirth, it was the most intense and stressful hour+ of my life.  I am so proud we survived and so happy Mark and I did it together.

So to tell you "what it's like to be on Shark Tank" - SIMPLY AMAZING!  For the most part, we have had people go out of their way to send kind words and well-wishes our way via Facebook, Twitter, email, blogs, and even phone calls.  This whole experience is such a huge motivator.  We know how expensive parenting is: the cost of diapers alone is astounding.  Thank you all for supporting Lollacup as we grow.

Here are some of my favorite tweets from the sharks:

Robert HerjavecRobert Herjavec ‏ @robertherjavec #sharktank - i LOVE this guy - " I only want to play with winners " - LOVE IT

#sharktank - wow - it took these two amazing pitchers to get me to work with @mcuban

Mark CubanMark Cuban ‏ @mcuban I really liked them. I'm not usually that nice to robert. I felt bad for him ;-).

Daymond JohnDaymond John ‏ @TheSharkDaymond such cute kids!!! #sharktank
will robert and Mark finally work together!! #sharktank

Lori GreinerLori Greiner ‏ @LoriGreiner Love these two!! Their passion in #SharkTank is undeniable.

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  • grandma pasagne (lasagne): July 02, 2015

    I do not watch much tv anymore,however I always try to catch the “Sharks” when I can.I was so happy to see the segment tonight & my newest grandson who will arrive in March is going to have a lollacup! Too bad you are only marketing in the “rich areas”.Perhaps you could contact the many,many hospitals and have them put in the gift shops for “a new arrival gift”?

  • Shattered-Earth: July 02, 2015

    I’m so behind on shark tank, i just watched it last night. Not only do you have a great product with a great aesthetic it’s always great to see more Asian entrepreneurs in the media! you guys did great, and to be honest $18 isn’t much for something you will probably only buy once per kid since they aren’t something you’re just going to throw away!

  • Ellie: July 02, 2015

    was this an open casting call and they put you on TV or was it the actual show??

  • How to Get Your Business or Product on to ABC’s Shark Tank - Just Elementary, Inc. | Just Elementary, Inc.: July 02, 2015

    […] Be prepared in advance of showing up at an open Casting Call as the founders of Lollacup will tell you in their blog entry about their experience at a Shark Tank Open Casting event. […]

  • Bunn Salarzon: July 02, 2015

    *CONGRATS (oops!)

  • Bunn Salarzon: July 02, 2015

    I don’t even know you guys on a personal level, but I’m truly HAPPY for this exciting new chapter in your lives! CONRATS!!

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