ENTREPRENEUR: Brian and Kevin Fleming
PITCH: Bag Bowl
ASKING FOR: $40k for a 33% stake
BEST PART OF THE PITCH: Brian and Kevin are brothers who have created an exoskeleton device that gives structure to any plastic zipper bag to create a handy and sturdy bowl. When finished, you simply lift out the bag and toss it in the trash. No more clean-up. They've invested $40,000 of their own money so far. They say it'll cost plastic bag manufacturers two cents to add this to their product. They have a utility patent that's pending.
DO THE SHARKS BITE? Kevin doesn't believe there is a real demand for this product. Mark thinks these guys are "wantrepreneurs" not entrepreneurs. He goes out immediately when one of the brothers nicknames him "Cubes." Daymond and Kevin go out, too. Robert thinks the product is clever and can see it selling in the future. He offers the guys $40k for 45%. Lori doesn't believe they'll get any intellectual property coverage for this, but thinks this is a great TV item for QVC. She'll give them $40k for 33%.