EPISODE 5
ENTREPRENEUR: Cactus Jack, from Iowa.
PITCH: Body Jac, a fitness machine with a series of bands that are different weights, to make pushups easier.
ASKING FOR: $180K for a 20% stake in his business.
BEST PART OF HIS PITCH: Explains that he's always been a risk taker, and has sold 10 million products. He also says he was a millionaire by the time he was 32, flat broke by the time he was 38 but that he got back up and started again.
THE SHARKS BITE WHEN: He's made $7 million off another product. Plus, his body builder daughter demonstrates the Body Jac for the Sharks. Kevin Harrington sees the potential, and offers to put up $90K for 50% of the company. But he says Jack needs to convince another Shark to go in with the other $90K, or his deal is off the table. Barbara offers the $90K on the condition that Jack loses 30 lbs. himself using his product. Daymond says he'll put up the full $180K, but wants 50% of the entire Cactus Jack company, not just the Body Jac.
RESULT: Jack accepts Kevin Harrington and Barbara's offer.
WANT TO KNOW MORE: Visit www.bodyjac.com.
Kevin H. brings in a doctor's scale for their New York meeting. A noticeably slimmed down Cactus Jack steps onto the scale and makes the mark. The deal is a go. Celebrity fitness guru Kiana Tom will star in the infomercial Kevin H. will produce and Barbara has message for Kevin O., who doubted Cactus Jack. She says, "Eat your heart out. Look at him now. ''m gonna be laughing all the way to the bank."
