Last up is STEM Center USA seeking 150,000 for 15 percent equity.

Key Highlights: STEM Center USA on Shark Tank

  1. STEM Center USA seeks $150,000 for 15% equity on Shark Tank.
  2. Business focuses on engaging children and young adults in STEM fields.
  3. Annual membership costs $1,400; last year’s revenue was $300,000.
  4. Sharks express concerns over scalability and future direction.
  5. Lori Greiner offers $200,000 for 20% equity, securing the final deal.

A Quick Company Overview

The business inspires children and young adults to become involved in technology and engineering. STEM stands for science, technology, engineering and mathematics.

Their center is California-based and starts at $1,400 for a yearly membership. Last year, they brought in $300,000.

https://twitter.com/CulturallyAlive/status/660275578407399424

Kevin O’Leary can’t see the future direction and goes out.

Chris Sacca finds it useful in order to get women into the STEM field.

Robert Herjavec wishes it was more scalable and because of the perceived lack of scalability, goes out as well.

Mark Cuban sees them as too “open-ended.” Despite seeing them as successful, he goes out.

Sacca finds the valuation challenging but sees their business as very valuable. He offers $150,000 for 25 percent. They want to “consider it” but do not immediately accept.

To get the money back to the investor, they hope to grow to other cities and make them profitable.

Lori Greiner thinks there business is impressive, especially for what it does for young women, and offers $150,000 for 20 percent.

They want to do a deal with both Sacca and Greiner, which Greiner is interested in. But Sacca doesn’t want to share and tells Greiner that she was interested because she was “swimming in his wake.”

Sacca lowers his equity to 22.5 percent but Greiner quickly accepts their counter for $200,000 for 20 percent.

Final deal: Lori Greiner for $200,000 for 20 percent.