ENTREPRENEUR: Mona Weiss & Scott Shields
PITCH: Eco Nuts
ASKING FOR: $175k for a 15% stake
BEST PART OF THE PITCH: Mona and Scott have created a line of eco-friendly cleaning products packaged with little to no plastic. They use an organic berry found in the Himalayas for use in laundry to release a natural soap. You can reuse the berry up to 10 times. They've captured 90% of the soap berry market in less than three years. They did about $100k in sales last year and are on track to for $250k for the current year. They have a proprietary sterilization process. They've doubled and tripled their business every year and have secured many fans via social media.
DO THE SHARKS BITE? Kevin doesn't feel their company is worth what they are saying today, so he's out. Daymond doesn't like that Scott said this was a million dollar market when it isn't. He's out. Robert agrees that he should have known the numbers before stepping into the tank, but would like to get into the business because he thinks it can grow. He wants 50% of the company. Mona then says that he'd better be working 16 hours a day in their company like they do for money like that. This attitude doesn't sit well with Robert, so he's out. Mark doesn't like their marketing at all. He's out. Barbara thinks the best part of their pitch was them as a couple. She's out. Kevin still doesn't want to give them any money, but he does offer to marry them right there in the tank. That offer is rejected as well.
WANT TO KNOW MORE: Visit http://EcoNutsSoap.com