One Earth Designs

Next up is Dr. Catlin Powers of One Earth Designs, seeking $500,000 for three percent equity.

One Earth Designs offers portable solar cooking products that make it simple to “cook anywhere under the sun.” According to their website, the company was “formed from a common passion to bring social and environmental innovations to people around the world.” The technologies turn sunlight into energy, which provides a cleaner, more sustainable living for people around the world. Their SolSource Sport regularly costs $299, while various accessories range in price from $28 to $98.

To date, they have done $1.3 million in sales, with $100,000 done last year. They are projected to do $500,000 this year. They have been selling on their website and through Amazon.

Mark Cuban worries about her consumer marketing focus, while Lori Greiner thinks people like using traditional grills. She goes out, followed by Robert Herjavec, despite liking the technology. Barbara Corcoran thinks the valuation is outrageous and goes out. Guest shark Rohan Oza finds the technology to be a “diamond in the rough” but goes out for having too many questions.

Cuban likes the potential and offers $500,000 for five percent. She counters four percent, along with a seat on the board, which he accepts.

Social Media Reacts to SolSource’s Appearance on “Shark Tank”

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.

Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.

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