Plot

A Texas family asks for an investment in a jewelry line.

Sharks attending the pitch are Mark, Daymond, Kevin, Lori and Robert

In this episode of Shark Tank, several entrepreneurs pitched their businesses to the Sharks for investment. Let's take a closer look at each of the deals that were made and update on a previous successful deal.

"The Last Lid" - Kevin and Melissa Kiernan presented a universal garbage can lid. They were seeking $40,000 for a 20% equity stake in their company. Despite having no sales yet, they had a patent pending for their product. Costs $7 to produce and retails for $20, wholesales for $10. Robert was quick to bow out, expressing his concerns about the fabric-based lid getting dirty, smelly, and wet. Lori also turned down the opportunity, viewing the product as a zero. Kevin, who believed the margins were not sufficient, also decided to pass. Daymond offered $40,000 for a substantial 60% stake in the business, and the Kiernans accepted his offer.

"Ledge Pillow" - Amanda Schlechter pitched a wedge pillow designed for women with large breasts or breast implants to comfortably lie on their stomachs. She was seeking $30,000 for a 25% share in the company. Amanda had a patent for the product and had sold 83 units over three years, targeting an audience of 10 million women with breast implants or C cup and above. Despite the niche market, Daymond, Robert, and Kevin all declined to invest due to their reservations about the product's demand. Lori also opted out, leaving Mark as the final Shark to back out, expressing doubts about Amanda's dedication. Ultimately, no deal was made for the "Ledge Pillow."

"Talbott Teas" - Steve Nakisher and Shane Talbott presented their premium tea business, seeking $250,000 for a 20% stake. They had impressive sales, including a spike after appearing on Oprah and QVC. Went on Oprah and had a spike to hit $0.5 million in sales with lots of Purchase Orders. Sells for $15 per tin and the duo invested $300K in the business. With a 50% profit margin and plans to expand into other luxury accessories, they aimed to sell the company for 4-5 times earnings in the future. Daymond and Mark both decided not to invest, for different reasons. Kevin offered $250,000 for a 40% stake, but Lori found the valuation too high for her liking. In the end, Steve and Shane accepted Kevin's counteroffer of $250,000 for a 35% share in the company.

"M3 Girl Designs" - Maddie Bradshaw, a 15-year-old entrepreneur, sought $300,000 for a 15% equity share in her kids' jewelry line, "M3 Girl Designs." Her products, including magnetic bottle caps and junk jewelry, had generated impressive sales of $5 million over five years, with $1.6 million in sales in the last 12 months. In over 1,000 stores and with $1 million in profits, her business was attractive to the Sharks. The most expensive piece is for $10. Kevin offers $300,000 for 30%. Lori joins Kevin and offers $300,000 for 40%, and offers to mentor Maddie personally. Daymond is out. Mark joins Lori for $300,000 for 30%. Kevin and Robert come in and offer $300,000 for 30%. Maddie counters for Mark, Lori and Robert to come in for 20%. Robert sticks to 30% and Maddie accepts.

Update: "Powerdecal" (formerly known as "Lightfilm") - George and Rolf had previously made a successful deal with Daymond for their vehicle decals business. They had re-branded as "Powerdecal," offering decals that could change to anything at a low additional cost. The business had achieved impressive gross sales of $6 million and successfully launched in Best Buy, proving to be a prosperous venture for both the entrepreneurs and Daymond.