Last into the tank is Wondercide seeking $500,000 for five percent equity.
Wondercide offers an alternative to toxic pesticides by offering natural products to kill pests. They’re also a flea and tick control product for pets.
Their main market is pets and they have made $4 million to date. They seek to hire using the funds, which worries the sharks.
Daymond John offers $500,000 for 15 percent, citing his celebrity connections. Kevin O’Leary offers $500,000 for 6.75 percent royalty, then dropping to three percent equity once paid.
Social reactions from Wondercide’s appearance on Shark Tank:
— MariBdigital (@MariBdigital) March 19, 2016
— Dema Hanna (@DemaHanna) March 19, 2016
— Wondercide (@Wondercide) March 19, 2016
Mark Cuban finds their direction confusing so goes out. None of the sharks are excited over five percent equity, which causes Robert Herjavec to go out.
Lori Greiner doesn’t like the equity either, so offers $500,000 for 50 cents royalty on every unit sold and then three percent equity. They accept.
Final deal: Lori Greiner for $500,000 for 50 cents royalty on every unit sold and then three percent equity.
Would you try Wondercide?