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Longtime Sharks Mark Cuban, Daymond John, Kevin O’Leary, Lori Greiner, and Robert Herjavec came together in the Shark Tank to hear pitches from entrepreneurs who would like to strategically partner with the Sharks to grow their businesses. Baubles and Soles, Dog Threads, The Peanut Butter Pump, and The Yard all had strong presentations in the Shark Tank culminating in three of these businesses leaving the Shark Tank with a partnership offers.

Baubles and Soles Lands a Last Minute Deal With Daymond John

Husband and wife Lisa and Duc Nguyen came to the Shark Tank with hopes of landing a strategic partner that would help them uncover business opportunities and invest $100,000 for 15% equity in their company, Baubles and Soles. Their patent-pending stylish children’s shoe line is specially designed to be extremely versatile to match any outfit. The shoe features an interchangeable “bauble” that can be swapped out depending on the occasion allowing children to have one pair of shoes instead of multiple shoes that they quickly grow out of.

Currently, 80% of their business is wholesale and they project to end the year at $300,000 in sales. The Sharks are concerned that they have only sold $30,000 worth of merchandise direct-to-consumer through their website. They are also concerned about the logistics and inventory management that are required to stock the sizes, styles, and colors needed as well as the bauble accessories. The Sharks feel that they haven’t appropriately figured out how to market and position their products. Initially, all of the Shark decline to offer, but this did not deter Lisa. She tries to counter-offer the Sharks which makes Daymond John bite. Daymond likes her determination and offers her $100,000 for a 25% equity share in Baubles and Soles. Lisa and Duc excitedly agree to partner with Daymond John.

Dog Threads Score a Deal With Mark Cuban

Clothing designer Gina Davis and her husband Scott came to the Shark Tank to showcase their matching line of clothes for both canines and their humans. Dog Threads is a fresh and fun apparel line that is primarily sold online direct-to-consumer. Proceeds from each purchase are reserved to help animals in need. Their unique designs allow dog owners to find clothing that fits the spirit of their dog. The Davis’ would like the Shark who believes in their business as much as they do to invest $250,000 for 17% equity.

Year to date, their sales are $75,000 and are expected to climb to $240,000. The Sharks are on the fence about this product. Although they are animal lovers, they don’t want to dress like their pets. Mark Cuban, however, feels that there is a great opportunity in licensing the product with sports apparel. Mark extends an offer to Dog Threads. He will invest $250,000 in exchange for 30% equity. The Davis’ counter-offer for 25% and Mark accepts their offer.

The Peanut Butter Pump Fails To Secure a Deal

Andy Scherer, inventor of The Peanut Butter Pump, came to the Shark Tank in hopes of landing a partner that could help him fund and fulfill his promises to those who pre-ordered his product via his Kickstarter campaign. Andy is looking for a Shark who will invest $200,000 for a 15% equity share of his company. The pump is specially designed to simultaneously pump the peanut butter while fully clearing the jar, ensuring that consumers utilize all the peanut butter that they purchase.

While The Sharks like the clever design of the product, they are not convinced that this product actually solves a problem that consumers have (or are aware that they have). Kevin O’Leary, self-proclaimed peanut butter aficionado, is concerned that the pump will not fit in the refrigerator, claiming that up to 40% of consumers refrigerate their peanut butter. He is also concerned about how chunky peanut butter will flow through the pump. The Sharks clarified that Andy did withdraw some of the funds from the Kickstarter campaign and needs to backfill to fulfill the preorders that he has. Because the valuation is so high, they are unsure of the need for the product and they are concerned with getting a return on their investment, the Sharks decide not to partner with The Peanut Butter Pump.

The Yard Catches The Attention of Several Sharks

Chelsea and Logan Green’s specialty milkshake bar, The Yard, can’t keep up with their demand. They are looking for a Shark to help with growth through franchising and expanding their business across the country. With 5 locations in the southern Unity States, The Yard is seeing great success with $3.4 million in sales across those locations. The Greens feel that by partnering with a Shark, they will save themselves a decade of growing pains.

They would like a Shark to invest $400,000 for 10% equity of all future branches of the company. They would not like to give up equity in the existing locations which makes the Sharks very uneasy. They want to be sure they will make their money back by investing in their established locations. Both Kevin O’Leary and Lori Greiner extend offers to The Yard, pending they get an equity cut of the existing locations as well. Mark Cuban extends Chelsea and Logan an offer that does not include a share in their existing stores. Mark will invest $400,000 into The Yard and agrees to a 22% equity share of the future locations.

Which of the businesses on tonight’s episode was your favorite? Which did you find to be the most investable company or product? Do you think the Sharks made a wise decision by passing on The Peanut Butter Pump? Start the conversation in the comments below!