ENTREPRENEUR: Frank Campitelli & Debrae Barensfeld
PITCH: Nitroforce Industries – Titan 1000
ASKING FOR: $250k for a 10% stake
BEST PART OF THE PITCH: The Titan 1000 is the lightest, strongest, fastest, most versatile, most affordable home gym on the planet. Frank and Debrae demonstrate some of the many ways their machine can be used for various exercises. They have about 90 machines in a warehouse. They've sold 12 for $1,300.
DO THE SHARKS BITE? Kevin wants to know why they have valued their company at $2.5 million with no real sales. He says there's no way to know if such a product will be a success until after a massive amount of money has been spent to launch it. He's out. Daymond says it'll cost millions just to educate people as to why this product is better than the others out there. He's out. Mark says they need a proven sales distribution model. He's out. Barbara follows his lead. Robert says that most home gyms like this only ever get used once. He always wonders if a product is something his wife would buy. She wouldn't buy this, so he's out. This particular workout pitch didn't work out with the Sharks.