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Guest Shark and former MLB star Alex Rodriguez joined long-time Sharks Barbara Corcoran, Mark Cuban, Kevin O’Leary, and Lori Greiner in the Shark Tank. Seeking partnerships with the Sharks that would both financially and strategically beneficial, four companies came to the Shark Tank in hopes of landing an investment deal that will help their company to grow during this challenging time. Slice of Sauce, Love Is Project, Luna Magic, and BubblyBlaster pitched their company successes to the Sharks, however, only three of them walked away with a partnership deal.

Slice of Sauce Scores a Deal With Alex Rodriguez

Cole and Emily Williams came to the Shark Tank to showcase their company Slice of Sauce. Seeking $200,000 in exchange for 10% equity in their business, the Williams are looking for a Shark who is willing to help them secure a copacker and the machinery needed to get their product off the ground. Slice of Sauce transforms traditional condiments into mess-free slices to add flavor to every bite of sandwiches and any other food product that traditionally utilizes condiments. Sporting a 12-month shelf life, Slice of Sauce is available in a variety of flavors and does not require refrigeration making it an ideal product for activities like tailgates, camping, and picnics.

Although the Sharks are concerned with how much money has already been invested in the business, as well as the fact that they are still pre-revenue, they do like the concept and taste of the product. Several Sharks also see the potential for growth and sales in such an innovative product. Kevin O’Leary decided to offer them a royalty deal with a small equity component while Alex Rodriguez offered them $200,000 as a convertible note (debt) which converts to a 15% equity share when they hit $1.8 million in sales. He would also consider lines of credit for financing and purchase orders. They accepted Alex’s offer.

Love is Project Strikes Out in the Shark Tank

Mother and daughter duo, Chrissie and Gladys Lam, are focused on spreading love, empathy, positivity, and connection with their company, Love is Project. By creating over 2,000 jobs for female artisans in 10 countries, Love is Project sells handmade bracelets that are inspired by the culture and craftsmanship of each place of origin. Since launching in 2017, the company has sold $4 million in bracelets which helps the women creating the bracelets to be able to financially support their families.

Although they are impressed with the social mission as well as Chrissie and Gladys as business leaders, the Sharks are concerned with the amount of debt the company has taken on. They have also recently lost money in the business which is problematic for an investor. Confused as to if they are a company, a charity project, or a mission, the Sharks decide to decline a partnership deal with Love is Project citing that they feel the company lies in an awkward space between a business and philanthropy.

Luna Magic Partners With Barbara Corcoran

Sister and cofounders of Luna Magic, Mabel and Shaira Frias, came to the Shark Tank seeking $200,000 in exchange for 10% equity in their company. Luna Magic offers high-quality cosmetics with a Latina vibe at an affordable price. As they try to find their place in the cosmetic markets, the Frias sisters have landed themselves in both subscription boxes and big-box retail space. They are looking for a Shark who is willing to invest their strategic time and talent into helping them determine the best path forward for their company.

Although they were impressed by their work ethic and their product, many of the Sharks had other cosmetic companies in their portfolio and could not invest because it would be a conflict of interest. Kevin was shocked to learn that they already were moving into big-box retail stores and explained that they needed to find an investor who was very strong in logistics to help them get on their feet. Ultimately, they ended up partnering with Barbara Corcoran. Because she felt they needed more than just $200,000, she offered a line of credit for $250,000 in exchange for 30% of the company. She also will be helping to cover the expenses of purchase orders as well.

BubblyBlaster Bags Two Sharks

Stason Strong and Brad Hall came to the Shark Tank to showcase their signature product BubblyBlaster. This specially designed product fits snuggling on top of a champagne bottle and turns the bottle into a champagne blaster that helps to make celebrations just a bit sweeter. The BubblyBlaster allows those who enjoy celebrating with champagne to be able to get more out of each bottle and make less mess at shaking is not neccessary to turn a bottle into a champagne cannon. Seeking $120,000 in exchange for 20% equity, Stason and Brad are hoping to partner with a Shark who can help them break into new markets with their product.

Confident that they can help both with inventory and marketing, two of BubblyBlasters weak areas, Mark Cuban and Alex Rodriguez decided to partner together to invest in BubblyBlaster. Excited by the prospect of breaking into the athletic market, Stason and Brad accepted their offer to invest $180,000 in exchange for 30% equity.

What did you think of the businesses on this episode of Shark Tank? If you were a Shark, which of these businesses would you have invested in? Were there any investments made in this episode that you felt could be a poor investment or problematic for the Shark in the future? Start the dialog in the comments below!