ENTREPRENEUR: Andrew Goodrum & Queenie Davis
PITCH: Boot Illusions
ASKING FOR: $100k for a 30% stake
BEST PART OF THE PITCH: Boot Illusions allow you to go from a boot to a shoe or a shoe to a boot instantly. You can unzip the boot part to get to the shoe underneath. You can also purchase additional uppers (the boot part) without having to buy an additional shoe. You can also use the uppers on shoes you already own. Queenie got a manufacturer for her other show products in Turkey. As for Boot Illusions, they don't have a large retail presence yet.
DO THE SHARKS BITE? Robert thinks this is a pretty good idea, but it's not a product that he can add value to as a non-shoe guy. He's out. Mark's not into women's fashion, so he's out, too. Kevin thinks the company is being overvalued, so he's out. Daymond will give them the $100k for 75% of the boot technology because he wants to license it. Barbara will give them $100k for 55% of the company. She claims her experience is worth that much.
THE RESULT Barbara says Andrew and Queenie should go into the hall to call any entrepreneur she's worked with to see if they are happy. That won't be necessary. Queenie believes in Barbara. That's why she accepts the offer. Barbara is in while it appears Daymond got the boot.