Shark Tank Pitch
Esso Watches Shark Tank Update
Published:
3m
Phoenix, AZ
| Name | Esso Watches |
|---|---|
| Main Presenters | Ryan Nayler |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 2/24/2012 |
| Main Location | Phoenix, AZ Loading Map |
| Order Shown in Episode | 3 |
| Final Deal | All Sharks went Out |
Esso Watches Shark Tank Pitch
Ryan Nayler saw a balance band catching steam in Italy and saw potential in launching his brand in the USA. He put his skills to work to capitalize on the fad by starting his power balance watch band, Esso Watches.
Ryan uses a placebo effect to trick Lori into thinking that her balance improved because the special chemical in the watchband balances out her negative ions.
I'm allergic to scams. Seriously. This is not new. It's been disproven. What you saw was a placebo effect...It's a joke. It's a scam. It's not real.
The second Ryan Nailer said negative ion we all knew Mark Cuban was going to give him the works on behalf of we the people.
Sales from a $10k investment were $120k in the last year with $70k in profit. Ryan has high sales because he found a way to rank first on google when people search for ion bracelets. Also, people make irrational buying based on hopes of it being a "magic pill."
Mr.Wonderful almost gets sucked into the hype. The only thing this scam helped was Ryan's balance sheet.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $35k for 20% of Company | |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Out | Lori Greiner | Out |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Kevin O'Leary | Out |
Mark Cuban
Out
Daymond John
Out
Kevin O'Leary
Out
Lori Greiner
Out
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Esso Watches After Shark Tank
Ryan Naylor gave a speech at Phoenix Start Up week in 2015, and was summarized in an article here . A producer told Ryan to ask Kevin O'Leary to demo the product, and Ryan did, to which Kevin didn't go along with the scam. Ryan eventually got Lori to follow him, and Kevin's scene didn't make the final cut.
Link Preview
here
https://www.geekwire.com/2015/what-this-entrepreneur-learned-after-being-lambasted-on-shark-tank
Ryan realized he didn't love the business, and also Exxon Mobil claimed to have the copyright on "Esso" and worked out a deal with Ryan and he closed Esso Watches down.
In 2021 Ryan went on Entrepreneurs on Fire podcast here , where he discussed how the product he pitched on Shark Tank was a product he stumbled across in Italy that had not made its way to the U.S. yet and saw as a means to an end. After his pitch, he realized Esso Watches was just a "transaction" to him and sought to build purpose-based businesses.
Link Preview
here
https://podcasts.apple.com/us/podcast/how-ryan-naylor-went-from-shark-tank-failure-to-tech/id564001633?i=1000533434401
Ryan found happy families to be of value and discovered that financial troubles are one of the main reasons families fall apart. Through his interest in hiring and creating company culture in 2022 Ryan is focusing on his busi
According to his LinkedIn , Ryan then started a website, localwork.com , to help people find jobs and later created a hiring software in 2018 called Vivahr at vivahr.com .
Link Preview
LinkedIn
https://www.linkedin.com/in/ryannaylor
Link Preview
localwork.com
https://www.localwork.com/
Link Preview
vivahr.com
https://vivahr.com/
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