Jimmy Kimmel and Guillermo Pitch Horse Pants on Shark Tank

TL;DR

Jimmy Kimmel pitches custom horse pants as a unique business idea.

Transcript

as you may or may not know I'm uh I'm I'm a bit of an entrepreneur did you know I invented dip and dots that's absolutely true I am always on the lookout for the next big business opportunity so on Friday night I teamed up with GMO and we made a pitch together we and we had a really great idea so we took it to the place where great Concepts become ... Read More

Key Insights

• 🏇 The pitch humorously addresses a unique niche market with the concept of horse pants, highlighting animal fashion trends.
• 👨‍💼 Kimmel's approach illustrates how creativity can turn an odd observation into a seemingly viable business concept.
• 🏇 The idea of fashion for animals has historical precedent, as Kimmel compares the current situation for horses to a past without human fashion.
• ⌛ Investment decisions are heavily influenced by both novelty and profitability at the time of pitch.
• ❓ While many investors were skeptical of the profitability, the humor and novelty of the concept also appealed to them behaviorally.
• ❓ The initial investment figures cited and projections made appear laughably ambitious, reflecting on the humorous nature of the pitch.
• 👨‍💼 Kimmel's pitch showcases how blending entertainment with entrepreneurial efforts can attract attention even in unusual business ideas.

Questions & Answers

Q: What inspired Jimmy Kimmel to create horse pants?

Kimmel's inspiration came from a past experience at a petting zoo where he noticed all the horses were naked, making him and his family uncomfortable. He recognized that every problem presents an opportunity and decided to pursue horse fashion as a unique business venture.

Q: How much investment are Kimmel and his partner seeking and why?

They are seeking $500,000 in exchange for a 10% stake in their company. They believe this investment will help launch their line of horse pants, which they think could capture an enormous market of horses currently without apparel, which they liken to humans once being without pants.

Q: What kind of horse pants do they show during the pitch?

The horse pants presented include various styles such as Docker-style khakis, as well as cargo shorts and Spanx for horses. The aim is to provide comfort and fashion for equines in different settings, from the barn to the racetrack.

Q: What was the general reaction from the investors in the pitch?

The investors were skeptical initially, questioning the market viability and investment demand for horse pants, especially given Kimmel's stated zero market share and revenue. However, one of the investors was intrigued and offered $5 million for the 10% stake, indicating amusement and potential belief in the idea.

Summary & Key Takeaways

• Jimmy Kimmel, alongside his partner, pitches an entrepreneurial idea for custom-fit horse pants, intended to address animal comfort and style.

• The duo seeks a $500,000 investment for a 10% stake in their company, envisioning a lucrative market for horse apparel.

• Kimmel and his partner brought samples and argued their idea could revolutionize horse fashion, despite skepticism and poor sales history.