SHARK TANK - EPISODE 404
ENTREPRENEUR: David & Nique Mealy
PITCH: Back 9 Dips
ASKING FOR: $150k for a 15% stake
BEST PART OF THE PITCH: David and Nique have created a brand of buffalo chicken dips created with all white meat chicken breasts along with wing and dipping sauces. They blend it all together so you can get everything you get on a chicken wing on a chip. Daymond calls their dips a "Chicken Slurpee." Kevin can't stop cracking up at the thought of these two sticking a chicken in a blender. Tears of laughter stream from his face. David and Nique have a little less than $400,000 in sales in less than two years. They have a deal with a supermarket chain in Florida where their product is selling well.
DO THE SHARKS BITE? Lori loves the taste of the product. She also thinks David and Nique are great, but she's not the right person to help them get their products into supermarkets. She's out. Mark thinks they are going to do wonderful things, but he also goes out because this is not his thing. Kevin admires their stick-to-itiveness to survive, but the risk is just too much for him. He's out. Robert thinks this a brutal business and he's not the right partner for them. That leaves only Daymond. Or does it?
THE RESULT Lori really likes this couple. She offers to come back in and partner with Daymond for a 25% stake. Daymond recalls a time when he was in a similar situation as these two folks. They have one child with another one on the way. Still, Daymond can't bring himself to invest. Lori is out there alone, but not for long. Robert believes these two deserve a shot. He partners with Lori and the deal is done. More tears flow in the tank. The difference is that this time they are tears of joy. Daymond also offers to help from afar.