ENTREPRENEUR: Jill Quilln
PITCH: LipStix ReMix™, a way to save the lipstick that gets stuck at the bottom of the tube.
ASKING FOR: $105k for a 30% stake.
BEST PART OF THE PITCH: Jill has created a product that melts, mixes and molds the last bits of lipstick in a tube that simply won't twist up. You microwave the leftovers from three used tubes and pour them into a mold. Freeze it for ten minutes and then pop it into a brand new tube!
DO THE SHARKS BITE? All of the sharks love the idea and are most-impressed with Jill. Unfortunately, Robert and Kevin O. just aren't lipstick guys, so they bail. Barbara is interested, but only wants to give her half the cash. Daymond offers the full amount for 40%. Kevin H. offers to partner with Barbara for 40%. Then Daymond suggests to Kevin that they partner and cut out Barbara altogether.
RESULT: Barbara is initially ticked by the snub and won't even consider the three-way deal Kevin H. offers. But she reconsiders when Jill steps out to call her husband. But now they want 50% of the biz. Jill says, "That's was the fastest 10% I ever lost." Nevertheless, she puckers up and takes the deal.
WANT TO KNOW MORE: Visit www.lipstixremix.com .