ENTREPRENEUR: Marix Stone & Dr. Nancy Tanchel
PITCH: Hells Bells Helmets, designer helmets that are safer and stronger than the competition
ASKING FOR: $500k for 20% stake in the business.
BEST PART OF THE PITCH: They own a utility patent to place 3D designs on motorcycle helmets as well as any other kind of sporting helmet. They are on track to bring in $300k in sales for the motorcycle helmet alone. Kevin O. tries on one of the helmets bearing a fiery 3D skull design. Ever seen a shark ride a hog?
DO THE SHARKS BITE? The Kevins feel that the potential is great, but they can't bring themselves to cut a check for a half million bucks. It's not Barbara's cup of tea, so she's out. Daymond offers to go 50-50 on the deal with a plan to license the product to a bunch of companies. Robert was going to offer $500k for 70% equity, but knows that Daymond's offer is better. So he's out.
THE RESULT: Marix and Nancy know that Daymond has a great history with branding and sales. They take the deal and hope to wear these helmets while cruising down the road to riches.
WANT TO KNOW MORE: Visit www.HellsBellsCustoms.com .