- A couple seek an investment for a solution to cellulite.
- In this episode of Shark Tank, several entrepreneurs pitched their business ideas to the panel of sharks including Mark, Daymond, Kevin, Barbara and Robert
The first entrepreneur was Stephen Aarstol, who runs "Tower Paddle Boards," a company that manufactures and sells paddle boards. He sought $150,000 investment for 10% equity in his business. Stephen, an internet marketing expert, achieved $100,000 in sales within just four months by driving traffic to his website for direct-to-consumer sales. Kevin challenges Stephen that he could replicate Stephen's whole business model without Stephen. Barbara calls him the worst presenter in the world. She is out. Kevin offers $150,000 for 50% + 10% cash royalty, since there is nothing proprietary about the business. Robert is out since the valuation is wild. Daymond is also out. Mark offers $150,000 for 30%, but wants first right on refusal on Stephen's future businesses so that he doesn't run away from a successful business. Kevin comes to $150,000 for 25%. Stephen takes Mark's deal.
Next up were Nick and Penelope Lariosa, presenting "Instant Lifts," clear adhesives that improve the appearance of sagging skin. They were seeking $100,000 for 25% equity in their business. The adhesive lasted 12-15 hours and generated $75,000 in gross sales over five months. However, they didn't include some other related products in the deal, which led Daymond to opt out due to his dislike of hidden information. All the sharks are worried that the couple will be distracted if they don't put the other products as part of the Shark Tank deal. Mark & Robert are out. Kevin is out since valuation is out of sync. Barbara is last out.
Gary DeJohn pitched "Vinamor," a wine aerator, seeking $75,000 for 30% equity. Gray wants the money to manufacture at scale and to market the product. His aerator was unique as it allowed staff to see the wine being poured directly into the glass, reducing wastage. Sells for $40, costs $20. Despite selling 1,000 units and having Kevin as a potential competitor with other aerators on the market, none of the sharks saw potential in the business. They all backed out, leaving Gary without a deal.
The last pitch was from Aviv Grill, who presented "MisoMedia," software for learning to play instruments. He asked for $300,000 in exchange for 5% equity. With reputable investors like Google Ventures and Justin Timberlake already on board, Aviv's app had 80,000 downloads and generated $40,000 in in-app revenues from 8% of paying customers who buy sheet music Daymond and Barbara passed on the deal, as they believed Aviv had everything he needed without Shark Tank. Kevin offered $100,000 for 3.33% equity, expecting other sharks to fund the remaining $200,000. Robert offered $300,000 for 10%, but Aviv countered with 7%. Robert stepped out, and Mark offered $300,000 for 8% equity, but he wanted Aviv to launch a paid premium version of the app. Aviv accepted Mark's offer. Note: Singer Ingrid Michaelson makes a cameo to demonstrate MisoMedia.
In an update on a previous deal, Rick Hopper's "Readerest," a magnet holder for glasses, saw success after striking a deal with Lori. The product debuted on QVC with Lori's presentation and sold 5,000 units in minutes.
Overall, it was an eventful episode with a mix of successful deals and missed opportunities for the entrepreneurs.
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