O’Leary interrupted the presentation, and asked Flannery who would be paying for the WiSpots. Flannery said that WiSpots was a revenue source for the doctors without really explaining how. When the patients were called into their appointment, they would place the web pad back into the charging cradle. Flannery explained that patients could pick up one of the tablets, which he called a “wireless web pad,” and fill out surveys, check in to the office, sign up for clinical trials, and surf the web. He gestured over to the televisions and tablets set up on the stage. Robert wanted to know what exactly the product was, and Flannery explained that it was an interactive patient center. He told the Sharks that WiSpots was a business model that has been involved in research and development in healthcare and education, as well as a retail space for over 6 years. ![]() The Sharks all looked shocked, and Kevin O’Leary told him that he’d better be doing well to ask for that much money. He told them that he was seeking $1.2 million in exchange for 10% equity in the company. This did not get a laugh from the Sharks – they all stared at him stocially. He refered to the tagline of the company, which was “the future of waiting patiently.” Flannery thanked the Sharks for allowing him to “take a dip in their tank,” and made a awkward joke about hoping that they don’t bite. He introduced himself to the Sharks, as well as WiSpots. The video cut off, and Kevin Flannery walked into the Shark Tank in a suit and tie. Kevin said that he had spent much of his life in foster homes and it was important for him to take care of his family. It cut to a scene of the Flannery family saying grace over a meal. The video showed Flannery tearing up as h relayed that information. As the video showed Flannery greeting his daughter at school, he told the audience that he funneled money into the company via mortgages on his home, which he had to put up for sale because he could no longer afford the two mortages he had taken out. He said that he quit his former job in order to focus on his business, WiSpots. Flannery explained that he was a former Marine, and he has been in wireless technology field for about 20 years. He showcased his home office, which was also a playroom for his young daughter. In his introduction video, Kevin Flannery introduced himself, and his company WiSpots. Would Flannery get an investment from the Sharks, or continue to take money from his and his children’s future? Let’s take a look. Flannery did this by founding WiSpots, a business that would rocket him into debt, and cause him to take out two mortgages, and drain his children’s college fund, as well as his 401K. He did not have a family growing up, and wanted to provide for the one he made for himself. Wispots Now in 2018 – The After Shark Tank Updateīefore appearing on the first episode of Shark Tank, Kevin Flannery was attempting to build a nice life for his family.
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