James Baker's Business Journey and Insights

Ashley Sharma and James Baker present their product, the Cined Travel Belt, to investors. They share their personal backgrounds and the challenges they faced, highlighting their journey from humble beginnings to entrepreneurship. The product aims to solve common travel issues by providing a stylish and functional solution. They discuss their business performance, including sales and costs, and seek investment to expand into retail. Investors provide feedback and offers, leading to a negotiation and eventual deal with Barbara.

What problem does the cined travel belt aim to solve?

• Lost luggage at the airport

• Lack of stylish travel bags

• Heavy luggage causing discomfort

• Overpriced travel accessories

What is the primary function of the cined travel belt?

• To replace traditional luggage handles

• To act as a stylish belt for travelers

• To serve as a travel pillow

• To secure personal bags to carry-on luggage

What was James Baker's background before starting the business?

• He was a marketing executive

• He was a lawyer who grew up homeless

• He was a travel blogger

• He was a product designer

What motivated James Baker to take a career risk?

• A need for financial stability

• A passion for fashion

• A desire to travel the world

• His parents' inability to take risks

What was Ashley Sharma's educational background?

• She studied finance

• She studied engineering

• She studied law

• She studied marketing

What were the sales figures for the year 2021?

• $830,000

• $5,000

• $250,000

• $32,000

What is the cost to make the original travel belt?

• $40

• $61.50

• $4.61

• $27.50

Which shark made the first offer?

• Kevin O'Leary

• Barbara Corcoran

• Lori Greiner

• Mark Cuban

What was the final equity percentage agreed upon with Barbara?

• 15%

• 20%

• 33%

• 25%

What unique term did Barbara include in her offer?

• A requirement to hire a new CEO

• A royalty of $4 per unit

• A credit line for half the investment

• A condition to sell the company in 5 years