Shark Tank and Cheek’d. Web 2.0 Face Reality

As potential creators of Web 2.0 driven websites and instruction, an episode of Shark Tank provided a good dose of reality for those seeking funding. None of the sharks liked Lori Cheek’s pitch of her online dating service Cheek’d. Basically she wants to give a little realness to online dating. If someone sees a person they’re interested in, they hand the person a nameless card with a pickup line and their unique profile code. The receiver of the card goes onto the Cheek’d website and enters the code which reveals some basic information about the card giver. At that point if the two people “have chemistry” they can choose to reveal much more information about each other.

One of the main reasons why the sharks did not like Lori’s offer is because she had very low sales after 3 years of running the business. Lori’s excuse was the fact that her website did not work properly from her business’ start date. Several of the sharks mentioned that Lori was not facing reality that her business concept was flawed. For the most part, I agreed with the sharks. As we try to create Web 2.0 driven content, I think we need to use this example as motivation for setting realistic, obtainable goals with a deadline for accomplishing them. We need to be open to constructive criticism and move on after a project has been unsuccessful, or after we’ve heard from several people to try something different.

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Shark Tank and Cycloramic App Success

I’ve been watching the 5th season of Shark Tank. Most entrepreneurs on the show stated they used social media to help them promote their products or services. However, for those entrepreneurs whose business involved an app, they did not get any offers. The sharks feel the apps market is too competitive and over saturated. There was only one App that I’ve seen that not only got their attention, every shark made an offer. Bruno Francois presented his Cycloramic App which takes 360 degree panoramic photos.┬áThis is a very cool iPhone app that uses vibration to rotate the iPhone 360 degree as it takes the photos and stitches them together. The capabilities of this app definitely differentiates itself in the market place. At the time of release of this app, I don’t think there was another app that provided the same feature thus making it a unique product.