Five fan favorite Sharks, Mark Cuban, Kevin O’Leary, Lori Greiner, Barbara Corcoran, and Robert Herjavec, met in the Shark Tank to evaluate four businesses seeking their financial investments and partnership. Press Waffle Co., Silkroll, Pickup Pool and Dare-u-Go!, all pitched their businesses to the Sharks, but only three businesses secured partnership deals.

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Four Out of Five Sharks Make Press Waffle Co. An Offer

Press Waffle Co., a family-owned Dallas company that specializes in authentic Belgian waffle creations, came to the Shark Tank in hopes of securing a financial investment of $200,000 for 8% equity in their company. The dense, buttery, brioche style waffle catches all the Sharks attention. They loved the taste and presentation of the product. They currently have their cafe in a food hall and want to replicate this model across the country.

Four Sharks are so impressed by the product and the business model that they decide to make Press Waffle Co. offers. Mark Cuban, Kevin O’Leary, Robert Herjavec and Barbara Corcoran all offer brothers Bryan and Caleb Lewis more than their initial ask in exchange for a larger share in the company. After considering all offers and the Sharks’ skill sets, Bryan and Caleb partnered with Barbara Corcoran for a $300,000 investment in exchange for 15% equity.

Silkroll Strikes Out With The Sharks

Janet Wu and Erin Wold-Fettner are seeking an investor for their company, Silkroll. Silkroll is a company that is designed to give users an infinite closet using a clothes swapping method. Because the average millennial wears an outfit just three times, they developed a company that would allow users to trade in their gently used clothing for an equivalent amount of points based on the original cost of the item. Those points can be used on the site to shop for items of comparable value. To send in clothing, the consumer would register and receive a prepaid trading kit in the mail. The kit can be filled with clothes that are rarely worn and then simply dropped in the mail. When the clothes are received and processed into the system, the user will earn points and browse the site to trade with other members of the community. This allows consumers to have fresh looks delivered to their door without paying a dime.

Janet and Erin are seeking $250,000 for 3% equity, but the Sharks are unsure of how they make money with this model and if it will be a worthwhile investment. They explain that they make a 5% transaction fee and, on average, 68% margins because users typically have to buy extra points to make up for what they want. Extra points are sold in bundles which are straight profit for them. The Sharks feel that their valuation is way too high and that they have taken a business that could be very simple and complicated it. They all declined to make Silkroll an offer.

Pickup Pool Makes a Deal With Mark Cuban

Airforce pilot, Tommy Prestella, has been in some hot places where he wished he could cool off quickly. This was the inspiration for his product, Pickup Pool. The product turns an average truck bed into a swimming pool. The product simply stretches across the truck bed, is filled and is ready to go. When it’s done being used, the product features a drain that can be deployed without having to put the tailgate down.

The Sharks like the product and that the company is veteran owned, but they would like to see the price come down a bit. They are also concerned about Tommy being deployed and the company being frozen. Tommy assures them that his sister is a partner in the company and will keep it running while he is deployed. Although he gets multiple offers, he decides to accept Mark Cuban’s offer of $100,000 for 33% equity. Tommy, his sister and Mark will all be equal partners in the company.

Dare-u-Go! Makes a Deal with Barbara Corcoran

LA native, Lisa D’Amato, came to the Shark Tank in hopes of securing $350,000 for a 10% share of her company, Dare-u-Go!. Lisa has created an eco-friendly bib for kids and parents on the go. The bib doubles as a food container to carry snacks and allows children to feed themselves. The leftovers can easily be sealed and saved for later.

Lisa shares that she currently has 3 distributors in a bidding war over exclusivity rights. That is very attractive to the Sharks but they are concerned that she does not have a strong plan for her business. She receives offers from Barbara Corcoran and Kevin O’Leary as they feel that she needs guidance on how to run her business. Kevin gets frustrated that she is not entertaining his offer and continually raises his equity percentage. Eventually, Dare-u-Go! decides to accept Barbara’s offer.

What was your favorite featured business? Would you invest in any of these companies? Start the dialog in the comments below!

Shark Tank airs Sunday at 9:00 EST on ABC.


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