ENTREPRENEURS: Rodolfo and Alexis Saccoman.
PITCH: My Therapy Journal, a website that helps people guage their emotions online.
ASKING FOR: $80K for a 20% stake in their business.
THEIR PITCH GOES WOBBLY WHEN: Rodolfo and Alexis admit that they only made about $4,000 last year, and only 1,120 people have signed up so far. That said, there's a free trial period, and they really only have about 120 paying users.
THE SHARKS BITE WHEN: The Brazilian-born brothers explain that they're in talks with Aetna health insurance. Robert and Kevin O'Leary, who have a background dealing with the Internet, offer the $80K for a 51% stake. Daymond wants in on their deal, but Robert and Kevin decide they don't need Daymond, since he doesn't know anything about making money off the Internet. Daymond then turns around and makes the brothers a deal of $120K for a 50% stake.
RESULT: In the end, Rodolfo and Alexis accept Robert and Kevin O.'s offer, because of their Internet experience.
WANT TO KNOW MORE: Visit www.MyTherapyJournal.com.
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