First into the tank is Pride Bites seeking $200,000 for 10 percent equity.
Pride Bites offers customizable accessories for your pets, including collars, blanket, toy baskets and more. Prices range from $9.99 to $150.
Turnaround for receiving the products is four weeks and they’ve made $1.4 million. They are sold both in stores and online.
Mark Cuban finds the space too challenging so goes out. Kevin O’Leary thinks they’re asking for too much and isn’t interested in the market so goes out as well. Daymond John follows.
Social reactions from Pride Bites’ appearance on Shark Tank:
Robert is the best shark for this business #SharkTank #pridebites
— Brooklyn Champ (@heyyyashleyy) April 9, 2016
Pet owner here, #pridebites just didn't strike my must have. #SharkTank
— Marti Gardner (@MarviMarti) April 9, 2016
#PrideBites customized dog toys cute #SharkTank
— verna harris (@veeh1) April 9, 2016
Robert Herjavec wants to improve their turnaround time and, being the dog-lover that he is, offers $200,000 for 20 percent. They counter 15 percent, but not before Lori Greiner jumps in.
Greiner offers $200,000 for 18 percent, and they counter Herjavec and Greiner for $300,000 for 20 percent to do the deal together. Herjavec counters 30 percent, but they push for the 20. Ultimately, they both accept, despite some confusion from Greiner.
Final deal: Robert Herjavec and Lori Greiner for $300,000 for 20 percent.
Would you buy any Pride Bites products?