Shark Tank: Biggest Shark Fight & Walk Out! (Scholly)

● Shark Tank Pitch ► Scholly (ABC Shark Tank Season 6 Episode 20, February 20, 2015)● Shark Tank Product Website ► https://www.myscholly.com/● Shark Tank Recap ► Christopher Gray the founder enters Shark Tank seeking an investment of $40,000 in exchange for a 15% equity stake in his business "Scholly," a mobile app that gives students a fast and simple way to find scholarships for college using various parameters.● During the discussion with the Sharks, Lori Greiner says that she believes in the business and offers $40,000 for a 15% equity stake, exactly what the entrepreneur asks for. She wants Christopher to make a deal right away, but he wants to hear the others first. Then Daymond John says the business reminds him of his personal background and he offers the same deal.● However, the other Sharks still want to get more information from Christopher. Lori emphasizes that she really believes in what he's doing and also invites Daymond to join the deal together. So Lori and Daymond offer a joint $40,000 investment ($20K each) for a 15% stake in total.● Then Christopher finally accepts the deal with Lori Greiner and Daymond John for $40,000 in exchange for a 15% equity stake in his company, exactly what he initially asks for. ● However, the other three Sharks: Robert Herjavec, Kevin O'Leary, and Mark Cuban are still upset with the result and they argue harshly with Lori and Daymond. Robert even says he's really pissed off.● In the end, the three Sharks walk out of the Tank, leaving Lori and Daymond. This is one of the biggest Shark Fights ever in Shark Tank history, and it is the first time that the Sharks walk out of the Tank during the Show.● During and after the Show airing, @LoriGreiner tweets that "Back what you believe in!" and "Every Shark has a unique approach to business. Like family, we are not going to always agree."● According to Business Insider (http://read.bi/1AjxNY7), Lori explains her decision to invest in Scholly:► "Within about 10 minutes of Scholly's pitch to the Sharks, I had heard enough to know that Scholly was already doing well, and it was clear Chris was a very smart entrepreneur. I didn't need to hear a lot more; the algorithm was already working, and I knew going forward anything else we could figure out together. It was shocking to learn that $100 million in scholarships go unused each year. I wanted to get behind Scholly to help bring these scholarships and aspiring students together."► As for Christopher, he says "I could have easily answered any questions Mark, Robert, or Kevin asked, so their opinions did not bother me... However, Daymond and Lori gave me exactly what I asked for and were willing to go in together. They are savvy investors who saw Scholly's potential right from the start and those are the sorts of investors I want."● More Shark Tank Highlights ► https://www.youtube.com/playlist?list=PLTAIa2AQ9JGTI1aQ-l7PiPKZZCdLqALcq