Longtime Shark Tank investors Barbara Corcoran, Mark Cuban, Daymond John, Lori Greiner and Kevin O’Leary evaluated four businesses to determine if they would be a good fit for their investment porfolios. Of these companies, Yono Clip, NightCap, Rule Breaker Snacks, and MountainFlow Eco-Wax, three left the Shark Tank with a partnership deal with the Sharks.

Yono Clip Partners With Daymond John

After meeting at a STEM conference, Michael Green and Bob Mackey came together to design and create a new product to help keep bag, purses and personal belongings off of germy, dirty, public floors. The Yono Clip can attach to any smooth, non-porous surface to create a compact, portable, inexpensive hook to hang personal belongings. Michael and Bob came to the Shark Tank seeking $150,000 in exchange for 15% equity in Yono Clip.

Although the Sharks were very impressed with Michael and Bob, they felt that the product was not yet fully developed out of the prototype phase. When it looked like Yono Clip wouldn’t be getting a deal Daymond John stepped up to extend them an offer. Because it will be a big lift to refine the product manufacturing, packaging, marketing, etc, Daymond offers to invest $150,000 in exchange for 30% equity. They accept his partnership offer.

NightCap Gets a Quick Deal From Lori Greiner

Seventeen-year-old Shirah Benarde and her older brother, Michael came to the Shark Tank to showcase their product, NightCap. This hair tie can be worn in your hair or around your wrist and then easily opens to a cup cover to prevent drink spiking. Since 26% of surveyed women said they have had their drink spiked, and after having a friend personally experience drink spiking, Shirah came up with a creative and affordable way to protect beverages at parties and bars.

Seeking $60,000 for 20% of their company, NightCap is looking to land a Shark who is passionate about their cause and will help them to learn how to better market and sell their product. Lori Greiner immediately seized the opportunity to invest in the company, stating that she doesn’t know if she has ever felt such a strong emotional tie to a product as she does with this one. She offered to invest $60,000 in exchange or 25% equity of Night Cap. They quickly agreed.

Rule Breaker Snacks Leaves The Shark Tank Empty-Handed

Former journalist, Nancy Kalish, came to the Shark Tank to promote her business Rule Breaker Snacks. These chickpea-based sweets are made totally from plants and do not contain any common food allergen products. Nancy’s better-for-you alternative to sweets has been growing in popularity and has brought in over $1.3 million in lifetime sales. Because she has already taken on considerable debt, Nancy is looking for a Shark willing to invest $400,000 in exchange for 10% equity in Rule Breaker Snacks.

Although the Sharks loved the product’s flavor and taste as well as the mission of the company, they are afraid that they would not be able to recoup their investment quickly due to the amount of debt that Nancy is carrying on the business. They are very impressed with her, her entrepreneurial spirit and positivity, but they don’t believe they can take the investment journey with her. Rule Breaker Snacks left the Shark Tank without a partnership deal.

MountainFlow Eco-Wax Lands a Partnership With Two Sharks

On a mission to help ruduce petroleum product pollution, Peter Arlein developed a totally plant-based ski and snowboard wax, MoutainFlow Eco-Wax. Rather than wax your skis and snowboards with a petroleum product which then soaked into the snow and therefore the groundwater, MountainFlow Eco-Wax is made to prevent pollution and provide an environmentally friendly option for winter sports enthusiasts.

Seeking $250,000 in exchange for 10% equity in his company, Peter is hoping to partner with a Shark that can help him expand his international sales and marketing. Several of the Sharks were very interested in partnering with MountainFlow Eco-Wax because they are skiers who see the value and benefit of what he is trying to do in the market. They are also aware of standards passing in many countries to ban the use of petroleum-based waxes. Although he has several offers, he agreed to partner with Barbara Corcoran and Kevin O’Leary for a combined investment of $300,000 for a shared 20% equity.

What did you think of the businesses featured on this episode of Shark Tank? If you were a Shark, which business would you invest in? Are there any businesses that you would have avoided partnering with? Start the conversation in the comments below!


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