Shark Tank Update
Shark Tank Pitch
The Broccoli Wad Shark Tank Update
Published:
2m
New York, NY
| Name | The Broccoli Wad |
|---|---|
| Main Presenters | Johnny Gennaro and Vincent Pastore |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 12/1/2011 |
| Main Location | New York, NY Loading Map |
| Order Shown in Episode | 4 |
| Final Deal | All Sharks went Out |
The Broccoli Wad Shark Tank Pitch
Johnny Gennaro created a mafia-inspired band to carry cash. Mafia members don't carry credit cards and IDs but rather a simple wad of cash. Johnny brought in Vincent Pastore, a mafia celebrate on the show The Sopranos, to be a brand ambassador of the product.
Johnny has put $200k into The Broccoli Wad so far.
I think you're both totally nuts. I don't get it. I am so out on this. Worst thing I've heard on this show.
If I get 50 cents a unit and he sells enough of them, I'll get my house in Malibu.
Vinny has shot a commercial for the product with his Sopranos cast and plans to push hard on sales this year. The problem is that Vinny is the brand but is nowhere on the product and is not economically incentivized with the business' success.
After returning to the drawing board, Barbara made a creative offer that included Vinny having equity in the company and rebranding the product as The Vinny Wad. Johnny, keeping in mind what happens if he takes money out of the pockets of the mafia, accepts the terms and conditions.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $50k for 20% of Company | |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Out | Jeff Foxworthy | Out |
| Sharks | Out | Daymond John | Out |
| Sharks | Deal Never Closed | Barbara Corcoran | $50k for 40% of new Company, Vinny Wad split between Barbara and Vinny |
| Sharks | Out | Barbara Corcoran | Out |
Jeff Foxworthy
Out
Daymond John
Out
Kevin O'Leary
Out
Barbara Corcoran
Out
Robert Herjavec
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
The Broccoli Wad After Shark Tank
The deal with Barbara fell through. The Broccoli Wad had a website for a short period and continued to sell on amazon some time afterward, still under the name The Broccoli Wad, but ultimately failed.
According to his LinkedIn https://www.linkedin.com/in/john-gennaro-95136936, Johnny Gennaro has been a serial entrepreneur for decades. From 1993-2000 he had great success with his "As seen on TV" product, The Ab Roller, which sold a record $400 million of product. Link Preview
LinkedIn
From 2000-2004 Johnny built over 400 gyms with his brand Cuts Fitness for Men. For the next five years, Johnny built a small restaurant chain, Zamba Chicken.
After Shark Tank, Johhny moved on to The iCurler, a hair product, for two years. From then until 2022 he worked at Twinstars Productions, which he founded, to oversee day-to-day operations of various products such as a bed sheet cleaning device, Sheet Sweet.
In 2014 Vincent Pastore got prostate cancer but got through it. In 2019 he created Vincent Pastore's Italian Sauce, which is still sold in 2022. From 2020-2021 Vinny was part of a podcast called Fuhgeddaboudit.
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