Guest Shark, Daniel Lubetzky, joined fellow Shark Lori Greiner, Mark Cuban, Kevin O’Leary and Robert Herjavec in the Shark Tank to learn more about four businesses who have prepared pitches for the Sharks in hopes of seeking investments and strategic partners.

Key Takeaways from the Episode

  • The Measuring Shovel: Partnered with Lori Greiner and Kevin O’Leary, securing $40,000 for 30% equity.
  • Pili Hunters: Left the Shark Tank without a deal after seeking $325,000 for 10% equity.
  • Supply: Secured a $300,000 investment for 15% equity from Robert Herjavec.
  • EZC Pak: Partnered with Kevin O’Leary, receiving $125,000 for 5% equity with a royalty deal.
  • Latest Update: These companies continue to progress, with Supply expanding its product line and EZC Pak gaining traction in the health supplements market.

The Measuring Shovel Gets Two Offers; Partners With Lori Greiner and Kevin O’Leary

Thirteen-year-old inventor and patent holder, Maddox Prichard, is joined by his family in the Shark Tank to pitch his product, The Measuring Shovel.

Maddox is seeking $40,000 for a 15% share of his company.

His signature product makes an improvement to a standard garden shovel by including measurements on the blade and the handle that allows users to be sure that they have proper spacing between plants and proper depth measurements.

Although his product is in prototype stage, the Sharks are very impressed with his presentation of his product and himself.

He is presented with two different paths from the Sharks. One path, with Lori Greiner and Kevin O’Leary, would focus heavily on licensing his product. The other path, with Daniel Lubetzky, would contrastingly focus on the operational side of the business. Maddox decided to partner with Kevin and Lori for an investment of $40,000 for a 30% share of his company.

Pili Hunters Leaves The Shark Tank Without a Deal

Jason Thomas came to the Shark Tanks in hopes of finding an investor willing to put $325,000 into his company, Pili Hunters, in exchange for 10% equity.

The pili nut is one that is native to the Philippines but is exotic to the United States. Jason has spent considerable amounts of time and money educating the market on this high fat, low carb nut.

He also has a line of products around the Pili nut such as Pili nut butter and chocolate.

Although the Sharks love the taste of the Pili nut and the showcased products, they are worried that he is not very focused and therefore would require a lot of resources.

The Sharks decided not to make Jason an offer and he left the Shark Tank without a deal from the Sharks.

Supply Partners With Robert Herjavec

Husband and wife duo, Patrick and Jennifer Coddou, have set out to revolutionize the razor market.

Their company, Supply, has created a stainless steel, single-blade razor to replace the antiquated multiple blade razor that can cause skin irritation and bumps as well as fill our landfills with trash. Their patented sign brings the luxury of going to a barber right into your home.

Supply was seeking a $300,000 investment for a 10%equity share.

The Sharks are impressed with the quality of the razor and with them as business owners. Both Kevin O’Leary and Robert Herjavec made offers to Supply, however, they felt like Robert’s offer of $300,000 for 15% equity was the most accommodating based on their current situation. Kevin’s proposed royalty deal would have been very hard on their business during a very critical time.

They accepted Robert’s offer.

EZC Pak Is Volatile In The Shark Tank; Ultimately Partners With Kevin O’Leary

In what turned out to be an unusually hostile Shark Tank pitch, Dr. Sarath Malepati pitched his product EZC Pak, to the Sharks in hopes of securing $125,000 in exchange for 5% equity.

Dr. Malepati left being a practicing general surgeon three years ago to focus on his company which creates vitamins packs for a healthy immune system. After recognizing how often antibiotics were being given, and how often that lead to superbugs that required medical intervention, including surgery, Sarath decided he needed to do something to help with this epidemic.

To many of the Sharks, Dr. Malepati came off as dismissive in some cases and aggressive in others.

Because of these unusual interactions in the Shark Tank, most of the Sharks declined to extend an offer to Dr. Malepati, however, Kevin O’Leary is so impressed with the sales volume and margins that he was willing to offer Sarath $125,000 for 5% equity. There will be a $1 royalty per unit until Kevin makes $450,000 back, at which time the royalty will drop off of their agreement.

They accept this offer.

Wrapping Up

Which of the businesses were your favorite in the Shark Tank tonight? Do you think that any of the businesss and/or Sharks made poor decisions in accepting partnerships tonight? Sound off in the comments below!