ENTREPRENEUR: Lori Lite, from Marieta, Georgia.
PITCH: Creator of the Stress Free Kids line of books, aimed at calming children down. She's looking to grow awareness about her self-published materials.
ASKING FOR: $250K in return for a 20% stake.
BEST PART OF THE PITCH: Lori explains that it used to take her two hours to put her hyperactive son to bed each night. She turned her stress-management techniques into the line of children's books. Daymond says she's a star.
THE SHARKS BITE WHEN: She moved 30,000 units last year, working out of her kitchen. Kevin O'Leary offers $250K, but wants 100% of the company. Daymond offers $250 for 51%, and Barbara offers the same amount for 50%.
RESULT: Lori accepts Barbara's offer.
WANT TO KNOW MORE: Visit www.stressfreekids.com.
UPDATE: Barbara Corcoran's investment in Lori D. Lite's children's books publishing company, Stress Free Kids has been lucrative. Lori's book, The Angry Octopus, has become one of Amazon's top sellers and three additional titles are now sold in Border's bookstores nationwide.
