On last night's edition of "Shark Tank," the sharks; Kevin O'Leary, Barbara Corcoran, Daymond John, Robert Herjavec and Mark Cuban were judges and jury for entrepreneurs looking for an investment in their companies.
The first was a woman who invented "The Green Garmento." This was a bag used by people with their dry cleaner to eliminate the single-use plastic bag that covers clothing to and from the dry cleaner. At home, it is used as a hamper, then as a carry-all bag back to the dry cleaner and morphs into a garment bag back with clean clothing. They have not made a cent as of yet, which gave the sharks cause for concern. Barbara stated that she loved the single see-through bags and would rather have them, than a bag holding several items and also mentioned the wrinkle-factor. When the inventor mentioned that she was also indebted for $900,000, the sharks bowed out and Daymond told her that her cleaning bag became a body bag.
In a recap of an investment made by Barbara Corcoran, the inventor of the Ava the Elephant medicine dispenser was launching another product with Ava the Elephant thermometer sticker. It is placed on a child's forehead, and it reads their temperature. After making over a million dollars with the clay prototype she introduced on season one of the "Shark Tank," Tiffany Krumins' business is still booming, and they project another million in sales from the thermometers. After the show, she was diagnosed with thyroid cancer, but the success of the invention aided them financially and helped her keep a positive attitude and a bright future.
Next up were two college friends from San Francisco who played baseball together at Cal Poly. Their experience led them to invent "Grinds," a substitute for chewing tobacco made from coffee. They have brought their product to major and minor-league baseball teams. It comes in three flavors; chocolate mint, cinnamon roll and mocha and they sealed the deal with Daymond and Robert for $37,500 each with 15% equity, and they couldn't have been happier. With national and international partners, how could they lose?
The next up were Scott Duff & Carlos Ortiz, who were seeking $50,000 for 100% stake in their company, "My Cold Snap." This is the only ice chest that fits in one's hand. They have inventory and previously attempted to market this as a promotional product in 2004, but the promotional company went bankrupt. There was no deal made as Robert called it a boulder rolling downhill. Sorry.
Back again, was the inventor of "City Kitty" the cat litter replacement for indoor cats that allows them to use the toilet instead of a litter box. She made a deal with Kevin Harrington, and her sales went skyrocketing. Now Rebecca Rescate has a new product and partner Chris Hindley called the "Hoodie Pillow." They seek $90,000 for 15% of their company. The hood is attached to the pillow and allows the user to nap in privacy. They also have a travel hoodie with a neck roll. The offers are for Barbara & Daymond for $90,000 and a 40% stake with a $.10 royalty. Kevin wanted a $90,000 with a 33% and because Robert missed out on Rebecca before, he gave them the offer of $90,000 with a 20% stake in the company, and they accepted the offer, shutting out the other offers in the "Shark Tank."
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