EZ VIP Net Worth shark tank update 2025

EZ VIP was a business founded by Alashe Nelson that offered a reservation service for nightlife events. It aimed to make it easy for people to book their spots at exclusive venues without the hassle of waiting in long lines or worrying about getting access. EZ VIP allowed users to pre-book bottle service and VIP tables at high-end clubs. This service was especially useful for people who wanted to enjoy their nights out without any worries about missing out on entry or great seating.

Alashe pitched this idea on Shark Tank season 3. He was asking for $150,000 in exchange for 15% equity in his company. Will the entrepreneur get a deal on Shark Tank? Check out the EZ VIP update to find out!

In our EZ VIP Update update research, After appearing on Shark Tank EZ VIP got a deal with Daymond John and Mark Cuban. They agreed to invest $150,000 for a 30% stake in the business. However,r despite the idea,l the company shut down a few years later. The business ended in 2015. After the deal with Daymond and Mark things looked promising at first.

They brought in a famous music artist Pitbull to help promote the company. However, the business struggled to maintain success and eventually disappeared. EZ VIP’s website is no longer active. The company’s social media pages stopped posting. As of today, EZ VIP is no longer in business. This was a short-lived venture that did not survive in the long term.

In terms of an EZ VIP Update update, Yes EZ VIP did get a deal on Shark Tank. Alashe Nelson was asking for $150,000 in exchange for 15% equity in the business. Daymond John and Mark Cuban agreed to invest $150,000 but they wanted 30% equity. The deal was finalized with Daymond and Mark investing together in exchange for a 30% stake in the company.

This was a major deal for EZ VIP as it promised valuable support from two powerful investors. However, despite the deal, the business did not last long after Shark Tank. The company eventually shut down in 2015.

EZ VIP net worth shark tank update 2025

Tom was looking for an investment of $160,000 in exchange for 20% equity in his company, Earth Log. At the time of the episode, he valued his company at $800,000. Tom successfully secured a deal with Lori for an investment of $160,000 for 35% equity in the company. The investment adjusted the company’s net worth to around $457,000. After the show was aired, the company experienced a good boost in exposure. However, the company went bankrupt in 2018 and is no longer in business.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Barbara Corcoran	Out	N/A	N/A
Robert Herjavec	#1 $150,000 + an A-list artist  for a 45% equity (with Daymond )  #2 $150,000 + an A  list artist  for a 20% equity(with Kevin)	$150,000 for 18% equity	N/A
Kevin O’Leary	#1 $150,000 for 25% equity  #2 $150,000 + an A  list artist  for a 20% equity	N/A	N/A
Daymond John	#1 $150,000 for 25% equity  #2 $150,000 + an A-list artist  for a 20% equity	$150,000 for 18% equity	Yes
Mark Cuban	#1 $150,000 for 45% equity #2 $150,000 + an A-list artist  for a 30% equity	$150,000 for 18% equity	Yes

Founders Backstory

Alashe Nelson was the founder of EZ VIP. He created the company after seeing a problem in the nightlife industry. He noticed that getting access to high-end events and exclusive venues was often a hassle. People had to wait in long lines and sometimes didn’t even get in. He wanted to solve this problem by offering a service that allowed people to easily reserve their spots at these events.

Alashe thought about how travel booking platforms like Expedia and Booking.com helped people reserve hotels and flights in advance. He wanted to do something similar for nightlife. His goal was to make people’s nights out more enjoyable by giving them the ability to book entry and VIP tables without any stress. Alashe faced many challenges in the early stages of the business.

He had to build relationships with nightclubs and venues. He had to convince them that his service would benefit them. Many venues were skeptical about EZ VIP because they relied on last-minute sales and preferred to charge higher prices on the night of events. Convincing venues to work with EZ VIP was not easy. It took a lot of time and effort to build trust and credibility in the industry.

Alashe also had to figure out how to manage the logistics of reservations and customer service. Despite this challenge, she managed to create a business that attracted attention from investors and the public.

Initial Pitch

Alashe Nelson presented his business model to the sharks during his pitch on Shark Tank. He explained that EZ VIP was a service that allowed users to pre-purchase entry and VIP experiences at nightclubs. The service allowed people to book their spots in advance and even choose specific tables. This made it easier for people to enjoy their night out without worrying about missing out or waiting in line.

Alashe highlighted that the business was already making money. He shared that just in Miami alone EZ VIP had made over $250,000 in gross revenue and had netted $90,000. This impressed the sharks and showed that there was a demand for his service. During the pitch,h Alashe explained that EZ VIP was all about providing convenience for people who wanted to go to high-end events.

He said that the service made it possible to reserve spots well in advance or even just a day before an event. This was especially helpful for people who wanted to attend popular venues where access was limited. Alashe also mentioned that users of EZ VIP would be greeted by a representative from the company at the venue. This personal touch added value to the service.

Despite the promising pitch, there were some concerns from the sharks about the business model and whether it could scale in the long term.

Queries About The Product

The sharks had many questions about the EZ VIP service. Kevin O’Leary asked about the company’s financials. Alashe explained that the company had earned a net profit of $90,000 in Miami alone. The total revenue from the business was over $250,000. This showed that the service had traction and potential. However, Kevin wanted to know more about the numbers.

He was interested in how the business made money and whether it could grow beyond Miami. Daymond John asked about the venues that EZ VIP worked with. Alashe explained that the company only worked with high-end venues. Each sale made through the service was final meaning that once someone booked a table they couldn’t cancel or get a refund. Daymond expressed skepticism about whether the venues would always choose to work with EZ VIP.

He thought that the venues might prefer to charge a higher price for tables the night of the event rather than offering them through the platform in advance. This was a key concern for Daymond because it could affect the business’s ability to scale and attract more venues. Barbara Corcoran did not connect with the idea as much as Daymond and Kevin did. She said she couldn’t relate to the lifestyle and decided to go out.

Kevin O’Leary also decided to go out for the same reason. He admitted that he admired Alashe’s initiative but couldn’t see himself connecting with the business enough to make it a successful partnership. Mark Cuban also went out because he did not feel strongly about the business. He said he didn’t have enough of a personal connection to the product to make it work. Despite these rejections, Robert Herjavec was still interested in the business.

He offered to invest $75,000 if Daymond John would put up the rest of the money. Robert thought that Daymond’s experience and insight would be valuable to the business. Daymond responded with an offer of 45% equity in the company. He felt that Robert’s experience would be helpful but that he deserved a larger stake in the business.

Alashe rejected this offer because the equity was too high. He countered with an offer of $150,000 for 18% equity but Daymond found this offensive.

Shark’s Responses and Final Deal

At this point in the negotiation, Mark Cuban reentered the conversation. He offered to partner with Daymond but excluded Robert from the deal. Daymond was interested in working with Mark instead of Robert. This offer reignited the negotiation process and got Kevin O’Leary back into the conversation. Kevin offered $150,000 for 25% equity in the business.

Robert also joined in and offered to work with Kevin to bring in a top-rated artist to promote the service. Mark and Daymond continued to emphasize that they would bring valuable connections and experience to the table. Daymond didn’t want to lose the deal so he lowered the equity stake to 30%. Kevin also revised his offer to 20% equity. This new offer made the deal more appealing to Alashe.

Barbara Corcoran cut in at this point and advised Alashe to go with the more entertaining partnership. She encouraged him to trust his instincts and take the deal with Daymond and Mark. After considering the options Alashe accepted the deal from Daymond John and Mark Cuban. They would invest $150,000 for 30% equity in the business.

Daymond also promised to bring in Pitbull a famous music artist to help promote the service. This partnership seemed like a great opportunity for EZ VIP to grow and gain more exposure.

What Went Wrong With EZ VIP  On Shark Tank?

While the business seemed promising at first there were several issues that prevented it from succeeding in the long term. One of the major problems was the business model. The concept of pre-booking tables at nightclubs was appealing but venues were often hesitant to offer their services through a platform like EZ VIP. Many venues relied on last-minute sales and were reluctant to commit to fixed prices ahead of time.

This made it difficult for EZ VIP to form long-term partnerships with venues. Additionally, while the partnership with Daymond and Mark seemed like a great opportunity the company struggled to scale. The business relied heavily on a limited number of high-end venues and could not expand quickly enough to sustain growth.

Despite bringing in a famous artist like Pitbull the company couldn’t build enough momentum to stay active in the market. The lack of a solid plan for scaling the business contributed to its eventual shutdown.

Product Availability

EZ VIP was an online platform where customers could book their spots at exclusive events and nightclubs. The service allowed people to reserve tables and bottle service at venues in advance. The service was available in major cities like Miami and catered to high-end venues. However, since the company shut down in 2015 the product is no longer available.

The website has been taken down and social media accounts are inactive. This marks the end of EZ VIP’s journey in the nightlife industry.

Conclusion

EZ VIP was an innovative idea that aimed to change the way people booked their nightlife experiences. The service offered a unique way to pre-book VIP tables and entry at exclusive venues. Despite the promise of a deal on Shark Tank and the support from Daymond John and Mark Cuban the company struggled to maintain success.

The business model was difficult to scale and partnerships with venues were hard to secure. In the end, EZ VIP shut down around 2015. This is the story of a business that had potential but could not overcome the challenges it faced. The company’s failure serves as a reminder of how difficult it can be to build a sustainable business in a competitive market.