Shark Tank Pitch

One Life Products Shark Tank Update

Published:

5m

San Diego, CA

One Life Products Shark Tank Update


Pitch Overview
NameOne Life Products
Main PresentersMorri Chowaiki
Presenter Image
One Life Products Entrepreneurs: Morri Chowaiki
Product Image
One Life Products Product Image
Last Known in Business12/18/2022
Main Location

San Diego, CA

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Order Shown in Episode2
Final DealDeal was made on the show with sharks Daymond John for $50k for 35% of company.

One Life Products Shark Tank Pitch

Morri Chowaiki has a wife and three kids, but the holiday season gets a bit complicated because he celebrates Hanukkah while his wife celebrates Christmas. Morri created One Life Products to bridge the gap for interfaith families. Morri's main product is the Hanukkah tree topper.

Morri has put a second mortgage out on his house and has put $130k into One Time Products. Morri can no longer afford to put money in and needs a deal from the sharks to keep the business alive. They say nothing brings an interfaith family together quite like...flirting with bankruptcy.

Morri has sold 12k Hanuka Tree toppers resulting in $150k in lifetime sales over three years. The product is in 200 Bed Bath and Beyond retail stores. 70% of his sales are online. Morri mentions a study that suggests 50% of Jewish people in the U.S. marry somebody of a different religion, resulting in 1-1.5 million households that are potential customers. Morri packs the products out of his garage and says he works 12 months out of the year despite the seasonally of the product.

The sharks see the market as too small to make meaningful money in. All sharks go out except Daymond, who recalls his deal with Rabbi Moshi Weiss with Soundbender

Link Preview

Soundbender

/seasons/4/episodes/14/soundbender

from season 4. Daymond feels jolly and sees potential to expand the product line into bulbs and other interfaith products, and is willing to take a chance on Morri. Morri struggles to accept the deal, but after hard thought he accepts.


Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$50k for 15% of company
SharksOutKevin O'LearyOut
SharksOutLori GreinerOut
SharksOutMark CubanOut
SharksOutRobert HerjavecOut
SharksDealDaymond John$50k for 35% of company

Mark Cuban
Mark Cuban

Mark Cuban

Out

Daymond John
Daymond John

Daymond John

Made Deal

Kevin O'Leary
Kevin O'Leary

Kevin O'Leary

Out

Lori Greiner
Lori Greiner

Lori Greiner

Out

Robert Herjavec
Robert Herjavec

Robert Herjavec

Out


Updates in Shark Tank Episodes

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One Life Products After Shark Tank

Morri Chowaiki went on the Industry Rockstar

Link Preview

Industry Rockstar

https://podcasts.apple.com/us/podcast/40-what-happened-on-shark-tank-interview-with/id1519538349?i=1000513573029

podcast in 2021. Morri grew up in a very wealthy family in Beverly Hills, California, and was the youngest of five kids. Morri's dad was very entrepreneurial. Morri saw royalty dining at his house often and spent summers in Monoco and fancy places. Morri learned sales by selling furniture at one of his father's stores when he was 12 years old.

Morri was at college when he got a call from his father that the family money was gone. Morri worked his way through college and pursued a theater career doing voice acting. Morri also learned some coding in college and got involved in an e-commerce business that sold during the 1999 dot com boom and opened future career opportunities for Morri in software sales.

Morri always did jobs in the pursuit of money until the One Life Products Hannukah Tree Topper. Morri applied to season 4 and made it decently far through the application process but, at some point, got told to try again next season. After being devastated, Morri decided to go for it again and went to an open casting for season 5. He tapped into his voice acting skills and put on a wild, crazy Jewish character at the open casting and earned a spot on the holiday special.

Morri went on the voluntarydisruption.com

Link Preview

voluntarydisruption.com

https://voluntarydisruption.com/2020/11/25/relentless-perseverance-with-morri-chowaiki

podcast. Morri called former friends to get the product designed and patented in exchange for equity. The initial idea came in 2004, but the product got made in 2009. Morri's first run of orders came in from China late and defective. He had to upgrade every order to overnight shipping and ship broken tree toppers, breaking even. Morri wrote an honest email to customers offering full refunds, but only a few took him up on the refund.

Morri says he didn't go on Shark Tank for the Hannukah Tree Topper but rather to work with a shark. Morri admitted he would've sold 100% of the company for nothing because his entire goal was to work with a Shark. The sharks picked up that Morri was too smart to be wasting his potential on a no-good product.

Morri had never met Daymond face to face, even after closing the deal, but Morri called Daymond's office on a whim while he was in New York City, and Morri was invited to see Daymond. Daymond owned the entire 67th floor of the Empire State Building. Morri and Daymond exchanged life stories in a heart-to-heart moment. Daymond told Morri that he wasn't going to do the deal but would try and get a licensing deal done, and two days later, Daymond closed a deal and told Morri to keep in touch.

In season 6, we get an update that One Life Products and its Hanukkah Tree Topper did a licensing deal with Kurtis Adler, who took over production. Morri never touched One Life Products again and collects an annual royalty check.

Daymond got more keeping in touch than he bargained for because Morri repeatedly contacted Daymond to the point of borderline annoyance. Morri had a remote job selling software, and he followed Daymond to his conference speaking trips at his own expense to earn his way to working with Daymond. While at conferences, Morri sold Daymond's products and services to other attendees that Daymond otherwise would not have closed. Morri also used his sales experience to help Daymond get products in retail stores.

Daymond eventually pulled Morri aside and said he didn't understand Morri and that he annoyed the living shit out of him. Daymond followed this up by thanking Morri for bringing in significant extra revenue through his sales. Daymond offered Morri a job, which Morri accepted. Morri helped Daymond with all his Shark Tank businesses.

According to Morri Chowaiki's LinkedIn

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LinkedIn

https://www.linkedin.com/in/morri1111

, he started working with Daymond John's The Shark Group in 2016 to do sales consulting and continues to do so in 2022. He also works for a medical company 2022 called Viome, which sells kits to test people's health and sells them complimentary vitamin subscriptions. Morri had many businesses over the years but got the most joy out of the impact he's had on people's lives through the Hannukah Tree Topper.

In 2022 Hannukah Tree Toppers are available on Amazon

Link Preview

Amazon

https://www.amazon.com/dp/B00M8U32MS?_encoding=UTF8&psc=1&ref_=cm_sw_r_cp_ud_dp_SFFKZK1JKQP98BFX82BA

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