SHARK TANK - EPISODE 307
ENTREPRENEUR: Steve Gadlin
PITCH: I Want to Draw a Cat for You
ASKING FOR: $10k for a 25% stake
BEST PART OF THE PITCH: You wouldn't know it to look at him, but Steve is quite the rapper. Through words, music and a few scary dance moves, he raps the first part of his pitch for his cat drawings. He charges people $9.95 for his drawings. $9.32 of that is profit. He posts drawings that people request on his website. He can crank out about a thousand drawings in a week. He's sold 1,200 cat pictures in three years. Steve says that he has many money-making ideas and is looking for a partnership.
DO THE SHARKS BITE? Kevin goes out immediately. Steve gets a laugh when he offers to counter. Robert is out, too. Barbara and Daymond don't even get a chance to respond. That's because Mark jumps in with an offer.
THE RESULT: Mark offers $25k for 33 percent of the business. He just wants him to say yes. Steve has one condition. He wants Mark to do one cat drawing every thousand or so. Deal! Soon, Mark and Steve are doing a dance to their new partnership. Who knew a Shark could be such a big cat lover?