'Shark Tank': Company combats telemarketers with funny bots— and Kevin O'Leary offered them $400,000 via CNBCMakeIt
No one loves an unsolicited call from a telemarketer, so a company featured on Sunday night's"Shark Tank" created a clever way to combat such calls. Kevin O'Leary even offered it a nearly half-million dollar deal — before it all dramatically slipped away.
"We provide friendly, patient robots that talk to these rude telemarketers for you," the company's website states."They love to chit-chat, and will often keep nasty callers engaged for several minutes. By keeping the bad guys busy, you keep them from pestering other innocent people, and you hit them where it hurts most...their wallets...because no matter how hard they try, our robots won't ever buy anything.
Former"Shark Tank" reject and guest judge Jamie Siminoff, whose company, Ring, Amazon bought for $1 billion, is interested. He wants to know how the founders will use the money, but is out when the entrepreneurs say they want to use any investment to work with phone carriers. The entrepreneurs push back and say that's too much equity. Then Siminoff offers to do a 50-50 joint deal with O'Leary of $400,000 for 60 percent. The entrepreneurs counter, and the sharks end up revising their deal back down to $400,000 for 50 percent.
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