ENTREPRENEUR: Sandy Hyun & Roman Pietrs
PITCH: Mr. Poncho, a protective covering for MP3 players and the like that solves the problem of tangled headphones cords.
ASKING FOR: 50k for a 25% stake.
BEST PART OF THE PITCH: They've been in business for two years and have shown a profit each year. They have a patent pending on the unit as a whole, but not the device that holds the headphones. The product sells for about $18 and cost about $3 to make. Sandy and Roman have been making them in their apartment and are looking to grow.
DO THE SHARKS BITE? Robert doesn't like the product. He feels that kids won't want to buy it because they likely won't want to cover their MP3 players. Barbara is out because they don't have a patent on the headphone holder. Kevin H., Daymond and Kevin O. can't invest either, but the couple is encouraged to continue their business as young entrepreneurs.
WANT TO KNOW MORE: Visit www.mrponcho.com.