ENTREPRENEUR: Paul Watts, from Sacramento, California.
PITCH: Graffiti Removal Services, a mobile service he wants to franchise and get into every city.
ASKING FOR: $350K for a 15% stake in his business.
HIS PITCH SEEMS SHAKY WHEN: So far he's only in Sacramento, as he only got his franchise license a month prior. And while he uses excellent proprietary products to remove graffiti, he didn't invent them.
DO THE SHARKS BITE? Yes. He still managed to net $75K off the $230K his company earned so far. Robert offers the $350K but wants 75% of the business. Kevin O'Leary goes in on the deal, and suggests that Paul would simply be an employee of theirs.
RESULT: Paul turns them down, and Kevin says "You're dead to me if you turn around." Which he does, walking out and away from the deal.
WANT TO KNOW MORE: Visit http://www.removegraffiti.net/.