ENTREPRENEUR: Kyle Rainey
PITCH: Tail Lightz
ASKING FOR: $50k for a 50% stake
BEST PART OF THE PITCH: Tail Lightz are attachable lighted patches for jean pockets. Kyle can create designs that will appeal to many different target markets. There are sports designs for kids as well as slightly sassy ones for the ladies. There's even a shark-themed one for Kyle's potential partners. His products are currently in the design phase with working prototypes.
DO THE SHARKS BITE? Barbara says she's ready…ready to go out. She has a fairly harsh review of the product saying it's uncomfortable, likely to break and features dated designs. Told ya it was harsh. Mark doesn't believe the product will catch on. Robert believes there are other products like this out there. Kevin doesn't feel there's anything proprietary about the product. He's out. Robert agrees that the product looks dated. He's out. Daymond follows his lead. Mark is out, too. But he encourages Kyle to never turn out the lights when looking for that overnight success.
WANT TO KNOW MORE: Visit http://www.taillightz.com