On tonight’s episode of Shark Tank, Steve Baxter said something that was so out-of-touch one of his fellow sharks called him a “sexist pig”.
Tanya Wood, Founder and Owner of Sunburst Outdoor Living, had just pitched her business to the panel when Steve had a very Steve-esque outburst.
Wood, 44, was asking for a $40,000 investment from the sharks for 20 per cent stake in the business. Most importantly, she wanted the sharks’ help and guidance approaching retailers to sell her products.
“Do you think we’re going to do that for you? Well, why don’t you do it then?” Baxter asks.
“I know, it sounds easy. I know what you’re saying…” Wood begins, before the seasoned entrepreneur cuts her off.
“You know what I’d do? I’d look up their address, I’d give them a call. That’s the reality… be prepared to do that in business. That’s your job. You’re not filling me with confidence at all here, right?”
A startled Wood apologises, explaining to the panel that she’s very nervous.
“You’re sort of saying, ‘I’ve tried and I can’t.’ You’ve got to not take no for an answer. It’s unfortunate, but females tend to do it that way. Why do you think there’s a female pay gap? Because you don’t come across as assertive enough,” Baxter continues, before a fellow shark interrupts him.
“Because of a whole bunch of sexist pigs like you,” Dr Glen Richards tells him.
“You have three daughters… change the world.”
Undeterred, Baxter continues on his tirade.
“I’m not saying it’s fair, but it’s a fact,” he says.
“You need to show more aggression — especially for a female.”
Finally Wood bites back.
“You’re wrong, Steve. I am not timid, I am just very scared at the moment. This has been my life, my passion, my dreams for four years, and I’m here now. I will be on the phones for 10 hours a day if that’s what it takes, because I’m going to make this happen with or without you guys,” Wood tells him.
“I’ve worked my butt off for three years, and I have a child. So I’m trying to juggle everything.
“I know this is going to work because the numbers add up.”
At the end of the segment, Naomi Simson offered Wood $40,000 for a 30 per cent stake in the business.
“I just want it,” Wood said before hugging Simson and thanking her for the offer.