ENTREPRENEUR: Marian Cruz
PITCH: Inventor of the Turbobaster, a battery-operated cooking device that siphons juice, has a silicone basting brush and an injector tip for marinades.
ASKING FOR: $35K in return for a 35% stake.
WORST PART OF THE PITCH: Marian reveals she doesn't yet have a working prototype of the Turbobaster. Things go further south for her when she says she has no idea what the estimated manufacturing costs would be for the product.
THE SHARKS BITE WHEN: Despite not knowing her numbers, they still find her to be charismatic. Kevin Harrington, who has experience selling products through infomercials, offers up the $35K for a licensing deal with a 2% royalty. Daymond offers $40K for only 51% of the company and a 2% royalty.
RESULT: In the end, Marian opts for Kevin and his selling-on-TV expertise.
WANT TO KNOW MORE: Visit www.turbobaster.com/.