The Sullivan Generator
NO DEAL
EPISODE SUMMARY
🕓 Air Date: April 13, 2012
Asking For:
$1,000,000 for 10%
Investor:
No Deal
Deal:
No Deal
PRODUCT SUMMARY
The Sullivan Generator is an electric generator designed to harness the spin of the Earth by processing saltwater, producing electricity, and yielding gold as a byproduct.
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Background Story
Mark Sullivan introduces himself as an accomplished inventor with a diverse portfolio of over 1,000 inventions. With degrees in biomedical engineering and physics, Sullivan has dedicated several years to developing the Sullivan Generator.
His previous inventions include medical devices such as artificial hearts, showcasing his expertise in innovative technology. Sullivan’s vision extends beyond mere profit; he sees the Sullivan Generator as a means to revolutionize renewable energy production and contribute to global sustainability efforts.
The Product
Standing at an impressive 100 feet tall, the Sullivan Generator represents a significant engineering feat. Mark Sullivan explains that with the necessary funding, the company could have the first operational generator within nine months.
The machine’s ability to produce electricity while simultaneously extracting gold from seawater presents a compelling proposition. The potential applications and benefits of the Sullivan Generator are vast, ranging from providing clean energy to communities worldwide to tapping into new sources of valuable resources.
How It Went
The company’s position before Shark Tank
While Mark Sullivan claims to have achieved considerable success with his previous inventions, specific details about the Sullivan Generator company’s current performance remain undisclosed during the pitch. Sullivan mentions earning over $1 billion annually from his inventions, including royalties from medical devices and music.
However, no information is provided regarding existing partnerships, customer base, revenue streams, or current funding sources. The lack of transparency in the company’s financial and operational status may have contributed to the Sharks’ hesitation in making a deal.
The Negotiations:
Despite Mark Sullivan’s impressive background and the innovative potential of the Sullivan Generator, the Sharks express skepticism about the feasibility and practicality of the invention. Concerns range from the sheer scale of the project to the credibility of extracting gold from seawater.
While several Sharks express interest in funding a smaller version of the generator, Mark declines all offers, ultimately leaving the Tank without a deal. The negotiation process highlights the challenges of introducing groundbreaking technology into a competitive market, where investors demand clear evidence of viability and scalability.
