Peoples Design

Last into the tank is Tyler Peoples of Peoples Design, seeking $75,000 for 25 percent equity.

The Peoples Design Scooping Bowl is a multi-purpose mixing bowl. According to their website, the “all-in-one scooping bowl will remove the ingredients with its patent pending spatula assembly. In one smooth movement, it will leave the bowl clean and ready to mix up more kitchen magic.” The bowl features a removable spatula, egg separator, all-in-one washing and draining, in addition to separating various ingredients easily. The bowl, which comes in Cornflower Blue and Sage Green, costs $26.95.

The sharks like the idea, but are worried that Peoples has only sold 200 bowls. Lori Greiner thinks it’s a “smart” gadget and offers $75,000 for 33.3 percent. She adds, however, that he must accept the offer immediately. Mark Cuban, Robert Herjavec, Kevin O’Leary and Daymond John then go out to simplify his decision. He counters Greiner with a royalty offer, suggesting $1 per bowl. She declines his counter and, ultimately, he accepts Greiner’s original offer.

Social Media Reacts to Peoples Design’s Appearance on “Shark Tank”

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging business to six multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group. Venture capitalist Chris Sacca is also slated to appear as a guest shark this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $87 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Friday at 9 p.m. on ABC.

Would you buy a Peoples Design Scooping Bowl? Sound off in the comments section below!

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