ENTERPRENEURS: Stacy Erwin
PITCH: Fitness Stride
ASKING FOR: $140k for a 15% stake
BEST PART OF THE PITCH: Stacy's product allows you to get in shape while you're multitasking. He straps his rubbery power bands around the legs of the sharks. Robert, Daymond and Kevin O. waddle around the tank to the delight of Barbara and Kevin H. Stacy says you get double the exercise benefit whenever you perform an activity while wearing his product. He sells the power bands for about 50 bucks. It costs $10 to make them in China..
DO THE SHARKS BITE? The sharks question the value of his company. Kevin O. thinks the product would be a marketing nightmare. He's out. Robert wants to know how he's going to go from $150k in sales to millions. Stacy's answer: Infomercials. Enter Kevin Harrington, who doesn't quite buy the product's effectiveness. He can't invest without a big testimonial base. Robert and Daymond bail, too. Barbara is out because she's not sold on the product. She does, however, likes Stacy's hustle, not to mention his tush.
WANT TO KNOW MORE: Visit http://www.FitnessStride.com