“Shark Tank” features wealthy “sharks” facing entrepreneurs who pitch their businesses in hopes of getting an investment from one or more of the sharks.
In a phone interview, Lite said she met with investor
and they worked out a financial arrangement that wasn't quite the same as what appeared on the show but she wouldn't provide specific details. On the show, Corcoran agreed to give Lite $250,000 for a 50 percent stake in Lite's company.
“She’s fabulous,” Lite said, of Corcoran. “She’s super enthusiastic and creative. She’s very focused, very direct, very candid. She’s a wealth of knowledge.”
To piece the deal together, Litesaid there was a ton of paperwork. “It was a very expensive process,” she said. “It took a lot of time to pull together. But I’m very happy. I’m excited that ABC wanted to follow up with me.”
She is putting out a digital download of her book “Angry Octopus” with some animation. It can be downloaded onto a DVD or viewed on a computer. She’s also considering a version using sign language. Overall, she has six books in hardcover and three children’s CD in her lineup. She has not had time to add to it but for now is finding ways to market her existing products in a broader fashion.
One more bit of good news: her products will be available for A list stars at the Golden Globes next week.
“I’m looking forward to a fabulous year,” she added. “I want to reach more children. That’s my goal.”