On the post-Thanksgiving Day episode of Shark Tank (November 26), CocoTaps, a coconut water-related invention is pitched in front of guest shark Rohan Oza, who knows a thing or two about marketing beverages. He’s responsible for launching the brands Vitaminwater, Smartwater and Bai, which recently sold to Dr. Pepper for $1.7 billion. Other potential investors include Barbara Corcoran, Lori Greiner, Robert Herjavec, and tech billionaire Mark Cuban — another shark who has gone swimming in the coconut water business.
In March 2015, Cuban invested in the coconut tool kit Coco Jack. It comes with a scoop and mallet to open coconuts, both to drink the water and extract the coconut meat. The founder of Coco Jack, Dave Goodman, went into the Tank seeking $135,000 in exchange for 10 percent equity. He accepted a $125,000 loan from Mark Cuban that could be converted to 25 percent equity “if business goes great.” Shark Tank airs Sundays at 9pm on ABC. [33 Shark Tank Christmas Gifts — Smart Gifts For Men, Women, Kids, Pets]
