ENTREPRENEUR: Maddie, Margot and Diane Bradshaw
PITCH: M3 Girl Designs
ASKING FOR: $300k for a 15% stake
BEST PART OF THE PITCH: Maddie is the 15-year-old president of the company. V.P. Margot is her 11-year-old little sister. Diane is the mom who refuses to disclose her age. They started their jewelry company for girls from age 8 to 80 in 2006. Maddie made magnets for her locker out of bottle caps when she was 10. This led her to create an interchangeable bottle cap necklace. She partnered with her mom to create adjustable necklaces and adjustable bracelets for kids and adults of all ages. They are in over 1,000 stores and have $5 million in sales over the past five years. Maddie even wrote her own book to inspire other kids to start their own business.
DO THE SHARKS BITE? Kevin wants 30% of the company for the $300k. Lori will go in with him as long as he stays a silent partner. She also wants 40% of the company along with the offer of her being a mentor. Diane wants to hear what else is on the table. Daymond believes there are others who could be more beneficial to her. He's out. Mark wants to partner with Lori for 30% equity. Robert doesn't believe Maddie wants to give up 30%. He's right. Robert teams with Kevin for the $300k for 30%. Now Maddie must decide who she wants to work with.
THE RESULT: The ladies huddle together. They want to partner with Lori, Robert and Mark at 20%. Lori feels that is low, as does Robert. They still want 30%. Maddie will go for it if Mark kicks in season tickets for the Mavericks. He can't do that because they are all sold out, but is willing to let them sit in his luxury suite whenever they want. Deal! These three ladies really know how to play ball
WANT TO KNOW MORE: Visit http://www.snapcapsonline.com