ENTREPRENEUR: Matt & Meg Meyer
PITCH: The Bear & The Rat (cool treats for dogs)
ASKING FOR: $125k for a 20% stake
BEST PART OF THE PITCH: Matt and Meg have come up with an ice cream treat that's safe for dogs. Flavors include "Bacon Peanut Barker" and "Banana Peanut Barker." The Bear and the Rat are nicknames for their cute dogs. It's a human-grade treat, so you can eat it. Too bad it tastes better to dogs than it does to sharks. Robert lures one of the dogs over to his chair while Meg details a deal they have brewing with Petco. Unfortunately, Robert drops the dog during the pitch. Fear not. The Rat is all right. There has been $30,000 in sales so far.
DO THE SHARKS BITE? Daymond goes out right away. Mark says they shouldn't have overvalued their company by so much. He's out. Kevin believes the category of the product is too small, so he's out. Lori loves both Matt and Meg, but she's out. Robert thinks Matt and Meg are good operators and he loves the packaging. He also loves the dogs. But he can't get past the value they attached to the company. He's out, too. Looks like a rrruff break for Matt and Meg.