Scott Jordan is the founder and CEO of SCOTTeVEST, the “revolutionary” vest that has a patent on its design which includes a hole in the garment that allows users to thread the wire of ear buds. During his pitch on Shark Tank, most of the potential investors grew wary of Jordan. Mark Cuban voiced his anger over the trademark that allows Jordan to sue every little designer who wants to insert such a hole in their active wear. That’s what Jordan was pitching – the licensing of TEC — Technology Enabled Clothing — not the actual garment. And yes, Jordan used to be a corporate lawyer.
Jordan got offers from Robert Herjavec and Kevin O’Leary. He conferred by phone with his friend, Apple co-founder Steve Wozniak, but Jordan walked away without a $1 million deal and with many Americans’ thinking he was a greedy jerk. Jordan explains his side of the story on his website, where he mentions that after filming the episode, he went to shake hands with all of The Sharks, even Mark Cuban who told Jordan he did a good job. The only one who refused to shake his hand was Robert Herjavec who told him to “Show some respect.”