ENTREPRENEUR: Cheryl Rigdon
PITCH: The Spatty
ASKING FOR: $50k for a 40% stake
BEST PART OF THE PITCH: The Spatty and the Spatty Daddy (a name that totally cracks up the sharks, by the way) are money-saving tools that help the consumer get every last drop of products that come in bottles or containers. They are small enough to get into any opening and scoop out things from the bottom that would have gone to waste otherwise. She has the prototypes and wants the money to start manufacturing the product.
DO THE SHARKS BITE? The sharks believe that people would buy this product because they want to get every last drop of expensive products. Kevin is intrigued by the product, but doesn't feel Cheryl has a plan to get it into a hundred million households. He's out. Mark doesn't have the time to help her formulate an entire company, so he's out. Robert thinks this product could be great or it could be dead. The doubts he has about the business force him to go out. Daymond follows his lead. That leaves Lori, who loves Cheryl. Unfortunately, she thinks it's a better idea to find someone to help her distribute this as a promotional item. She's out, but all hope is not lost for Cheryl. Daymond offers to give her the number of two big makeup companies so she can contact them on her own. Keep an eye out for that Spatty Daddy!