Gasfull / Pixabay

Hoping to expand his portfolio, Daniel Lubetzky, founder and executive chairman of Kind, joined Sharks Mark Cuban, Barbara Corcoran, Kevin O’Leary, and Lori Greiner in the Shark Tank to evaluate investment opportunities in four growing businesses. Sheets Laundry Club, Pink Picaso, Love & Pebble, and Zach and Zoe Sweet Bee Farm all brought compelling business cases to the Sharks. All but one left the Shark Tank with partnership deals in hand. Read on to learn more.

Sheets Laundry Club Lands A Deal With Daniel Lubetzky

Founders of Sheets Laundry Club, Chris Videau and Chris Campbell, are looking for a business partner that can help them expand their business to a broader international market. Inspired to act by the global plastic waste crisis, the pair have created more eco-friendly ways to distribute everyday cleaning agents without the plastic waste needed for traditional liquid and powder detergents. Sheets Laundry Club has an exclusive agreement with major brand Kimberly Clark to use their technology which embeds detergents into a fully dissolvable sheet to create cleaning products from laundry detergent to floor cleaners. The pair are seeking an investor willing to infuse $500,000 into their business in exchange for 5% equity.

Because Sheets Laundry Club has seen explosive growth and is on track to close the year at $7,000,000 in sales, the Sharks are unsure if they truly need a Shark to help grow their business. The Sharks are also concerned that they don’t own their own technology and that too much of their business is reliant on their agreement with Kimberly Clark. Although it seems as though none of the Sharks would like to partner with Chris and Chris, Daniel Lubetzky is inspired by their mission. He agrees to invest $500,000 in exchange for 8% equity and 2% advisory shares in Sheets Laundry Club.

Pink Picasso Partners With Two Sharks

Business partners and wife team, Ashley and Brittany Silfies, have combined their talents to create a company their family can be proud of. After going through two messy divorces, the pair needed to assess their talents and invoke their entrepreneurial spirit to make ends meet. With a background in photography and manufacturing, Ashley and Brittany have created an affordable art kit that allows consumers to unplug and destress. Their company, Pink Picasso, is an all-in-one, paint-by-number craft product that has even made its way to Oprah’s “favorite things” list. Hoping to partner with a Shark that can help them get into big-box retailers and secure licensing agreements, Ashley and Brittany are looking for a strategic partner as much as they are hoping to secure an investment of $400,000 for 5% equity in Pink Picasso.

The Sharks love their story of pulling themselves up by their bootstraps and overcoming tremendous adversity to launch their company. Ultimately, four Sharks decide to extend partnership deals to Ashley and Brittany, although they have unique spins on how they structure the deal. Barbara Corcoran wants to loan them the money for 8% interest, just to show them that they don’t truly need a partner. Kevin O’Leary would like to only take 3% equity but receive a royalty from each unit sold. Daniel Lubetzky and Lori Greiner combine their efforts and offer to invest in Pink Picasso for a straight equity investment. Ashley and Brittany decide to accept Lori and Daniel’s offer and leave the Shark Tank with two new business partners.

Love & Pebble Leaves The Shark Tank Empty-Handed

Paul Tran and Lynda Truong have created a new skincare product that they believe will revolutionize the beauty industry. By combining the anti-inflammatory effects of cryogenics with the skin conditioning benefits of their superfood blend, Love & Pebble has created the first beauty pops that help to tighten and brighten skin. Their nutrient-dense powder gets poured into a mold where it is combined with water. A stick is placed in the formulation and then frozen. These easy DIY beauty pops have gone viral on social platforms such as TikTok leading to a great boost in sales. Paul and Lynda Are hoping to secure $150,000 in exchange for 10% equity in Love & Pebble to continue to grow their brand.

Since launching in March, the couple has sold nearly $1,000,000 of their skincare product to consumers. Although the Sharks like their innovative ideas and their impressive 80% margins, they are concerned that the viral nature of the product will come to an end and there is not much room for further growth. The Sharks decide not to invest in Love & Pebble but they do encourage them to grow slowly and take their time to really learn how to market through social media and not try to repeat their early viral success. Unfortunately, Paul and Lynda left the Shark Tank without a deal.

Barbara Corcoran Extends An Offer To Zach and Zoe Sweet Bee Farm

Family members Zachary, Zoe, Kam, and Summer Johnson created their family-owned business Zach and Zoe Sweet Bee Farm in response to Zach’s severe seasonal allergies. After spending significant amounts of time in the hospital, the Johnson family discovered that introducing Zach to pollen through raw honey help to alleviate his allergy symptoms. Because most commercially available honey is processed, it loses the majority of its health benefits. Zach and Zoe Sweet Bee Farm raises their own bees and sources additional local honey to sell raw, unfiltered honey. Their honey has no pesticides or additives, leaving only the true honey behind.

The Johnson family came to the Shark Tank seeking an investment partner willing to float $150,000 into Zach and Zoe Sweet Bee Farm in exchange for 10% equity in the company. They need a partner that can help them scale and grow their business as they are expanding into more retail markets. The Sharks love the taste of the product and two of them think that they could be the ideal partner for Zach and Zoe Sweet Bee Farm. Both Kevin O’Leary and Barbara Corcoran extend the Johnson family investment opportunities. Kevin would like to do a royalty deal while Barbara is interested in a straight equity offer. After countering with Barbara they agree to accept her investment of $200,000 in exchange for 15% equity in Zach and Zoe Sweet Bee Farm.

What do you think of the businesses highlighted on this episode of Shark Tank? If you were a Shark which of these companies would you invest in? Do you think the Sharks made a mistake by not partnering with Love & Pebble? Sound off in the comments below!