Next up is EZ-Pee-Z, a product that aims to make it easier to potty train. He is looking for $50,000 for 15 percent equity.
The adjustable lid is put on top of a regular toilet lid and the EZ Pee-Z folds open to a smaller seat. Robert Herjavec sees evident problems though. People have to change their existing lid and wonders if people would really want to do that.
Explaining his life story, he says he started off like a “young Mark Cuban.” After that explanation though, Cuban wonders how committed he has been to the product, and goes out.
Key Takeaways: EZ-Pee-Z on Shark Tank
- EZ-Pee-Z is an adjustable potty-training lid designed to fit regular toilet seats, making potty training easier for toddlers.
- The product was met with skepticism due to the need for replacing existing toilet lids and a lack of proof of concept.
- All Sharks passed on the investment, citing concerns over market demand and product viability.
Latest Update: EZ-Pee-Z has not gained significant traction since the Shark Tank appearance and remains a niche product with limited market reach.
Entrepreneurs waste a lot getting patents & lawyers. Make a prototype & see if it sells before you lose time & money. #SharkTank
— Barbara Corcoran (@BarbaraCorcoran) October 17, 2015
How Did the Sharks React to the Pitch?
Barbara Corcoran explains some of the issues too, seeing too many problems and goes out.
Herjavec said he sold too much and was a little too transparent and goes out.
While Lori Greiner said it appeared clever at first, she says she doesn’t like the lack of proof of concept. Despite having a patent, she goes out.
Kevin O’Leary says there is no market for it, therefore suggesting he take it “behind the barn and shoot it.” He sees it as a bad idea and goes out.
HAHAHAHA. My new favorite @kevinolearytv line, "all toilets lead back to Mr. Wonderful!" #SharkTank
— Kayla (@hikaylawoods) October 17, 2015
Final deal: None