- January 15, 2023
- 4 months ago
Most of us like fun parties and events for fun and relaxation. However, waiting hours in line for such events can be very frustrating. And it gets even more disappointing when the seats are full before you can get in.
To avoid such a scenario, the 27-year-old young entrepreneur presented his innovative idea EZ VIP. And got compliments from all the sharks. But has EZ VIP closed the deal for Shark Tank? What does he do after Shark Tank? And what is the net worth of EZ VIP in 2023 after Shark Tank?
What is EZ VIP?
EZ VIP, pronounced as Easy VIP, is an online booking system that makes it easy to book premium VIP events and parties at exclusive clubs. In addition, you can choose at which table you want to receive bottle service.
Once you've booked a table, you won't be "pulled in" and won't be charged an extra fee to keep your seat.
In addition, customers visiting the hottest nightlife spots in the city can avoid long lines and be treated like celebrities.
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EZ VIP on Shark Tank (Recap)
|company name||EZ VIP|
|Product||Online booking system for events and VIP events|
|You are looking for an investment||$150,000 for 15% of the shares|
|last deal||$150,000 + A-list artists for 30% stake|
|sea belt||When Cubana i Daymonda Johna|
|operational status||Without a job|
EZ VIP profiles on social networks
- on Twitter:https://twitter.com/EzVip
Who is the founder of EZ VIP?
Alasha Nelsonais the founder of EZ VIP. The young entrepreneur from Miami, Florida founded EZ VIP in 2011. Its goal was to make life easier for people belonging to the upper classes.
He was the son of Queen Joyce Clarence, founder of the Queen Joyce Housewives' Club. The club was founded in 1975. Over the years, the club has grown and has thousands of members.
After working alongside her mother in her cleaning company,Concierge with a smile”, he built his concierge experience from scratch.
Growing up with his mother as a leader, Alashe has always tried to follow in her footsteps. However, seeing her succeed without him, he left and started his own business to prove his worth without becoming dependent on his mother's business.
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EZ VIP for Shark Tank: how did it start?
Alashe Nelson suffered from social rejection from an early age. Waiting in lines at the club was exhausting and he was always afraid of not getting into the best clubs. This made him lose his reputation, which put his relationship with the girl he was dating in jeopardy.
His immediate reaction was to devise a strategy to prevent this from happening to anyone else.
He then came up with the idea of creating a website where customers could see a list of upcoming events in the city and purchase tickets in advance. He called it EZ VIP.
Alashe has launched the EZ VIP service in Miami, which is world famous for its active nightlife. Worked with restaurant owners in the area. The goal was to find a business partner who would help him develop the business and increase its value.
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EZ VIP on Shark Tank: Presentation, Funds Wanted, Deal Closed
To pitch his EZ VIP idea for Shark Tank, Alashe Nelson walked in with a beautiful woman. The first part of his presentation was the introduction, then hisasking for $150,000 in exchange for a 15% stakein his company.
During the presentation, he explained the difficulties faced by people trying to enter the clubs due to the large crowds.
He told his story of not being able to attend a hugely popular club event alone and how others struggle with a similar problem. As an alternative, he then introduced EZ VIP, an online service that allows users to see what's going on in their area via a website and book a table there.
He saysthe company generated $250,000 in Miami salesI am tanRobert Herjavecwas impressed with the stats.
Barbary Carcoranhowever, she insisted that she could not even identify with such a life, and also claimed that she had lost her charm in nightlife.
Dagmond Jandecided to team up with Robert, who recognized his knowledge of technology and asked for45% of shares in the companyfor $150,000. As a counteroffer,Nelson suggested 18% for $150,000, which was an increase of only 3% over its original offer.
Daymond and Robert considered the counter-offer offensive because it was only a slight adjustment to the original offer and was not even close to the offer they had made.
But Daymond did not give up. He decided to reduce the ownership stake from 40% to 30% if he received an immediate response.
ZG. divni Kevin O'Learyalso decided to participate and make a bid. Heoffered $150,000 for 25% of the capitalwith friends. Then Robert Herjavec decided to work with Kevin in his company.
Daymond John, still interested in the job, reconsidered his offer and left30% for $150,000 in partnership with Mark Cuban. Robert Herjavec tried to remove Nelson from the track and deemed him the worst.
After Daymond's offer,Kevin O'Leary dropped further to 20%. Despite this updated offer, Robert was still interested in working with Kevin.
Nelson saw a 10% difference between the contract and the technical strength and financial support he could get by accepting Kevin and Robert's offer. Still, he decided to accept Daymond and Mark's offer, even if it wasn't as lucrative as Kevin and Robert's. He valued Daymond and Mark more, believing they could help him build his brand. And he at the endaccepted a $150,000 contract for 30% equity.
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What happened to EZ VIP after Shark Tank?
Thanks to the Shark Tank effect, EZ VIP services increased dramatically after the show. Site traffic has increased to unprecedented levels.
Keeping the promise in the contract, Mark and Daymondbrought A-list artist Pitbull into the companystand out as the face of the company.
But he didn't play as expected. As more traffic arrived, the site began to crash. It received some negative reviews as many people complained angrily that they received nothing in return despite having reserved seats at events. EZ VIP also failed to expand its services to other cities as business did not go as expected.
Several social media accounts of the owner, inclInstagram and Twitter have been disabled since 2014.
The company later partnered with WanTickets. WanTicket is a North American ticketing platform that seems to be an additional entry point for some events in Miami and Las Vegas.
However, EZ VIP and Wantickets did not have a good relationship. Wantickets did not appear to have led to EzVIP, and neither the EzVip website nor social media accounts mention Wantickets.
We have no way of knowing what's going on here. You may have come across this page while negotiating; if so, it reminds you of how it could have been. It is difficult to find a simple answer to this question.
Unless Daymond has another ace up its sleeve, EZVIP for Shark Tank can be considered a failure.
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EZ VIP Shark Tank 2023 Update: New Value, Sales, Business Income
When the company appeared on Shark Tank, it was appreciated$5 million. However, the company went out of business in late 2014 and early 2015. The valuation and assets of EZ VIP in 2023 are therefore not yet known.
Competitors and alternatives to EZ VIP
As a new business venture, EZ VIP has managed to make a significant impact in the market. In addition, the services he offered were unprecedented. Even now, there is no alternative to EZ VIP on the market, nor are there any competitors.
Frequently asked questions
Is EZ VIP for Shark Tank still in circulation?
Shark Tank EZ VIP is currently unavailable. The company ceased operations in late 2014 and early 2015.
Why has EZ VIP stopped working?
After the show aired, their website saw massive traffic and bookings for VIP events. However, since their website was down, they were able to provide services as expected. He received complaints and negative reviews from dissatisfied customers who did not provide their services.
They also failed to expand their services to other cities, which was previously planned.
Due to the inability to perform the promised service, many people started to cancel their reservations. And when people started canceling events, they suffered huge losses and as a result, their businesses had to shut down.
What is Alasha Nelson's net worth?
According to a recent report, EZ VIP founder Alashe Nelson has a net worth of $11 million despite shutting down his business in 2015.
What is the net worth of EZ VIP in 2023?
The company was valued at $5 million when it appeared in Shark Tank. At the turn of 2014 and 2015, the company ceased operations. Therefore, the estimate and net worth of EZ VIP in 2022 is unknown.
Net Worth of EZ VIP
The company was valued at a valuation of $5 Million at the time of its Shark Tank appearance however the company shut down its operations in late 2014 and early 2015 and the current valuation of the company is not available anywhere.
"Shark Tank" Episode #3.1 (TV Episode 2012) - Alashe Nelson as Self - Entrepreneur: EZ VIP - IMDb.What is EZ VIP Shark Tank? ›
EZ VIP Shark Tank Recap
He presents EZ VIP as an alternative. The website allows users to view the best events in the City, and reserve their place at the club of their choice. The service includes an “EZ VIP rep” who will meet the client at the club, and escort them inside.
She also notes that Ezpz, which launched with a Kickstarter campaign in September 2014, didn't get product until the following December. Ezpz's total gross sales have increased from $1.2 million when Laurain taped her Shark Tank appearance in the summer, to $2 million today.What happened to EZPZ after Shark Tank? ›
After the show aired, Lindsey took a bit of heat for being a Shark Tank “gold-digger” and for being unprepared. She's started international distribution in Europe and continues to distribute her product.How many of Shark Tank deals actually go through? ›
You won't see all of them. If your pitch and your discussion are boring, they just won't make it to TV. So about 88 will actually make it to the air in a given season, across 24 episodes. Out of those, about 52 will get a coveted yes - but not all of them will get the money.What was the most successful item on Shark Tank? ›
What Is the Most Successful Product on "Shark Tank"? With more than $225 million in lifetime sales, Bombas has generated the highest sales on "Shark Tank". The company, which sells comfort socks and T-shirts, donates one item per item sold to help the homeless.Do the Shark Tank deals actually happen? ›
“When we do deals on Shark Tank, these are based on oral pitches with people who present well on TV on their 'first date' who are only providing their word and no written documentation to their business and its state of play,” said John in an emailed response.How does Shark Tank get paid? ›
The Sharks are not paid per episode. They make money from the deals they make with the entrepreneurs who come on the show. If a Shark makes a deal with an entrepreneur, it will usually invest its own money in the business.Do Shark Tank deals ever fail? ›
Shark Tank's failure rate is around 6%, which is much lower than the estimated 70% business failure rate.
We have some exciting news to share with our amazing community! As you may know, I am a mom who invented the ezpz Happy Mat, which was the FIRST and ORIGINAL all-in-one placemat plus plate that suctions to the surface. Last week, we officially secured the utility patent on our invention!Does ezpz have a patent? ›
Generally speaking, ezpz has patented a “surface contact self-sealing integrated tableware and dining mat.” In simpler terms, the protection applies to the suction feature of ezpz's all-in-one placemat and plates / bowls.Who is the CEO of ezpz? ›
Lindsey Laurain is the Founder at Ezpz .What is the least successful product on Shark Tank? ›
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"Shark Tank" has been home to a number of record-breaking moments, but few compare to a mind-blowing Season 6 memory.Did Barbara Corcoran leave Shark Tank? ›
After 14 years on the show it might be impossible for viewers to imagine Shark Tank without Barbara Corcoran. Yet when the series was in its early stages of production the real estate mogul was dropped from the line-up for the only female-occupied seat on the panel.Who got the biggest offer in Shark Tank history $30 million? ›
Mr Cuban has previously made a $30million offer (£24.3million) offer for a dating app while appearing on ABC's Shark Tank, the USA's equivalent to Dragon's Den. The business he put down the offer for was a company called Coffee Meets Bagels.Have all 5 sharks ever invested in one product? ›
The 20th episode of Shark Tank India Season 2 aired on January 27. In the episode, all the five Sharks came together for the first time in this season to invest in a garment brand.
Mark Cuban is one of the richest people in the US with a net worth of US$4.6 billion, according to Forbes. The Dallas Mavericks NBA team owner has grown his fortune from investing in Shark Tank projects after he joined the series as a guest in season two.Who is the nicest shark on Shark Tank? ›
Best: Lori Grenier
She is the most polite of all the sharks and she tends to have sympathy for entrepreneurs that the other sharks wouldn't make a deal with. She is also known as the"Queen Of QVC" since she has the most-watched show on the shopping network.
Apply to Shark Tank - Casting
Whether you just have a fantastic idea, are a start up or already operating successfully and looking to expand, if you feel you have a lucrative business or product and could use financial backing, then Shark Tank is just the show for you.
Lori Greiner owns 20%, giving her an estimated $9 million stake. Squatty Potty. This bathroom toilet bench helps people's stool move faster. Greiner owns 10% of the company, with $222 million in revenue since she first invested in it.Who owns Shark Tank? ›
Production. Shark Tank is produced by Mark Burnett and based on the format Dragons' Den, which originated in 2001 with the Japanese show, Tigers of Money.How scripted is Shark Tank? ›
Yes, Shark Tank is a real television show that features entrepreneurs who pitch their business ideas to a panel of successful business executives, known as "sharks," in the hopes of securing an investment in exchange for a percentage of their company. "Shark Tank" is an adapted television show.How hard is it to get on Shark Tank? ›
Landing a coveted spot on the hit ABC show, Shark Tank, is a dream from many entrepreneurs. But it's not easy. According to USA Today, the show receives 35,000-40,000 applicants each season. Of these, only 1,000 advance to the next round and in most seasons, only 88 contestants will appear on the show.Are Shark Tank deals pre negotiated? ›
Contestants pitch their businesses, state how much equity they are willing to give up in exchange for an investment, and take questions from the panel. If any of the investors are interested, they'll make an offer. The entrepreneurs must decide on the spot to accept the offer, decline or negotiate for a better deal.Do the Sharks on Shark Tank really use their own money? ›
It's important to note that while the sharks are paid to be on the show, the money they invest in the entrepreneurs' companies—if they choose to do so—is all their own. The money that Shark Tank investors offer is their own money and is not provided by the show.Do Shark Tank investors really invest their own money? ›
"Shark Tank" gives entrepreneurs the opportunity to pitch their fledgling companies to some of the most successful business people in the world. These Sharks invest their own money in these companies -- but how did the Sharks themselves get so rich?
Even though the amount of their salary per episode has not been verified, according to Variety, it is believed that each of the Sharks makes an estimated amount of $50,000 per episode as per claims put out in 2016. Additionally, if a season has 24 episodes, each of the panels would take to the bank $1.2 million a year.Who is the poorest shark on Shark Tank? ›
Corcoran has become most known for her time as a shark on "Shark Tank" where she has been featured since the first episode and has 53 deals out of more than 300 pitches. She sports a reported net worth of roughly $100 million, which makes her the least wealthy of the sharks on the show.
In exchange for their money, the Sharks typically require a stake in the business, which is a percentage of ownership and a share of the profits.Has anyone been on Shark Tank twice? ›
Six years later, Rebecca became an investor and co-owner of another Shark Tank product: The Hoodie Pillow. The Hoodie Pillow became a fast success, and after appearing on Shark Tank a second time, Rebecca left with a deal from Robert Herjavec for $90,000 in exchange for 20% of the company.What product has the highest net worth on Shark Tank? ›
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Mark Cuban is one of the richest people in the US with a net worth of US$4.6 billion, according to Forbes. The Dallas Mavericks NBA team owner has grown his fortune from investing in Shark Tank projects after he joined the series as a guest in season two.Which Shark Tank is the richest? ›
Mark Cuban - $5 billion (estimated 2023)
Mark Cuban is without a doubt the wealthiest shark on Shark Tank. He is, by a wide margin, significantly wealthier than everyone else on this list. He worked hard and paid close attention to every detail as he built his fortune and empire.
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Tipsy Elves Men's Sweater
Robert told CNBC that when he invested in Tipsy Elves, he "didn't bet on the product, [he] bet on the guys." Since then, the ugly Christmas sweater company has greatly expanded and become his most successful Shark Tank venture with more than $125 million in sales.
The failure rates of Shark Tank participants, however, are significantly lower. In the last few seasons (5 to 9), only 6% of the participants are out of business, and only 20% aren't making a profit (but are still operating). We could therefore say that Shark Tank's success rate is around 94%.
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Lori Greiner got rich as an inventor and entrepreneur. Her first debt business venture of jewelry organizers made $1 million in revenue in the first year. She's also made a lot of money as an investor and makes about $1.2 million per season of Shark Tank.Do Shark Tank judges earn? ›
Without a doubt, Shark Tank's judges are paid a hefty amount of money to be featured on the show. Even though the amount of their salary per episode has not been verified, according to Variety, it is believed that each of the Sharks makes an estimated amount of $50,000 per episode as per claims put out in 2016.How real is Shark Tank? ›
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