ENTREPRENEUR: Alashe Nelson
PITCH: EZ VIP
ASKING FOR: $150k for a 15% stake
BEST PART OF THE PITCH: Alashe has a website where people can pre-purchase a night out on the town without the fear of getting turned away from a venue. They launched the company in Miami, one of the hottest nightlife spots in the country. The business netted $90k and grossed $250k just in South Beach. EZ VIP sets prices that are locked in after purchase. Alashe says his company has secured contracts in L.A., Vegas and New York.
DO THE SHARKS BITE? Barbara can't relate to the life Alashe is pitching. She's out. Robert isn't a club scene guy either, but he likes the idea. He'll put in $75,000 if Daymond puts up the other half. He will do just that, but he wants 45% equity. Alashe turns it down right away and counters with an 18% equity offer. Daymond still wants 45% but will throw in an "A-list" artist to be the face of the brand. This has Mark jumping in. He'll partner with Daymond, but wants Robert out of the deal. Harsh. Then Kevin offers $150 for 25%. Robert offers to partner with him. Daymond counters with 30% and Kevin goes down to 20%. It's a feeding frenzy!
THE RESULT: Barbara asks Alashe who he would have the most fun with by making the deal. He makes the deal with Daymond and Mark. Looks like these three are gonna go clubbin' real soon!
WANT TO KNOW MORE: Visit http://www.ezvip.com/