ENTREPRENEUR: Raven Thomas
PITCH: The Painted Pretzel
ASKING FOR: $100k for a 25% stake
BEST PART OF THE PITCH: Raven started her business over three years ago when she began selling chocolate-covered pretzels. The tasty treats now come in unlimited flavor combinations. They are topped with unique toppings. She's had $75,000 in sales over the past year, has another $64,000 order that just came in and she has $140,000 in orders that she doesn't have the capital to fulfill. She's also in stores like Neiman-Marcus.
DO THE SHARKS BITE? Kevin wants to know what's unique about the Painted Pretzel. That's easy. The taste. Mark adds that other companies don't have Raven's heart and soul. Lori wants to know why they should invest in her. Raven's answer is that she's showing her kids that she can be a success by following her dream. That's not a good enough answer for Kevin. He's out. Raven thinks he may change his mind when she tells him that she had to walk away from a $2 million deal from Sam's Club because she didn't have the capital to fill the order.