ENTREPRENEUR: Mark Burginger
PITCH: Qubits, a construction toy for kids
ASKING FOR: $90k for a 51% stake
BEST PART OF THE PITCH: Mark is an architect who created a small, flexible toy that allows you to create curved shapes unlike any other toy in the world. They are easy to assemble and he has a patent. Robert says Mark seems like a credible guy, but wonders why he's offering to give up control of his company. Mark says it's because he's smart and wants to assemble the best board of directors possible. This is his way of doing just that.
DO THE SHARKS BITE? Kevin O. says the market is currently monopolized by Lego. He says this product needs the support of a toy company. Until he finds out if any of these companies are interested, there's no opportunity as an investment. He's out. Robert, Barbara and Kevin H. quickly follow his lead. Daymond is Mark's last chance to save his toy company.
RESULT: Daymond is all about brands and Quibits has branding all over it. He'll give Mark all that he's asking contingent on making a deal with a major toy company. Mark accepts the offer. These two are now on a path to create some building blocks to success.
WANT TO KNOW MORE: Visit www.Qubits.com .