ENTREPRENEUR: Maria Curcio & Veronica Periongo
PITCH: Buggy Beds
ASKING FOR: $125k for a 7% stake
BEST PART OF THE PITCH: There's been a lot of bad press about all the bedbugs out there lately. They are causing a global epidemic. One female bedbug can lay up to 500 eggs. That's why these ladies created a bedbug glue trap to serve as an early warning system to let you know if you have a problem. The product is tested and proven. It's not toxic in any way. They have $150,000 in sales over six months and have a deal with Home Depot and Burlington Coat Factory. They have already turned down a $5 million offer for trademarks and patents in the past.
DO THE SHARKS BITE? Kevin asks the ladies to step outside because he knows all the sharks will want a piece of this deal. Mark, however, is not tipping his hand on whether or not he's interested during a private chat. Kevin invites the ladies back into the tank to offer them $250k for 25% of the company. He invites the other sharks to join him. Daymond will go in with him. Mark still has nothing to say. Barbara offers $150k for 15% while preaching girl power, but pulls her offer when they don't respond right away.
THE RESULT: Mark finally speaks up to say that he thinks they should work with all the sharks. Robert agrees. They even convince Barbara to come back in. For the first time in the history of the tank, all five sharks are teaming up. The ladies take the deal on the condition that Mark teaches Veronica the Cha Cha Cha. This negotiation has officially been put to bed.
WANT TO KNOW MORE: Visit http://www.buggybeds.com