EPISODE 4
ENTREPRENEUR: Kwami Kuadey, from Ellicott City, Maryland.
PITCH: Gift Card Rescue, a web-based company that buys back and sells some of the 10% of all unused gift cards each year in the U.S.
ASKING FOR: $150K for a 30% stake in his business.
BEST PART OF HIS PITCH: With very little marketing, Kwami is on track to sell 120,000 gift cards this year alone.
THE SHARKS BITE WHEN: He reveals that he was contacted by Amazon with a partnership deal. Kevin O'Leary offers the $150K for 50% of the business, but wants a 5% royalty since it's a startup. Robert says Kwami is the real deal, and partners with Kevin and ups the cash to $200K.
RESULT: Kwami accepts Robert and Kevin's offer.
WANT TO KNOW MORE: Visit www.giftcardrescue.com/.
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