ENTREPRENEUR: Daniel Wood & David Martschinske
PITCH: SBU (Self-Balancing Unicycle)
ASKING FOR: $300k for a 10% stake
BEST PART OF THE PITCH: Daniel and David ride in on the first and only electric self-balancing unicycle, or SBU. The product has smart sensors that will always keep you balanced. There's no pedaling involved as the product is intuitive to your movements. It can go 10 miles on a single charge. Robert and Kevin try the unicycle out for size. The guys sold their first 100 out already at a price of $1,800. They feel they can do a million bucks in profit over the next year.
DO THE SHARKS BITE? Lori loves the guys, but she doesn't feel passionate about the product. She's out. Daymond was interested until he learned about a similar product that failed. He's not willing to take a risk. He's out. Mark has fears about the overseas manufacturing, so he's out. Robert perks up when he realizes the guys have patents on the technology. He offers $300k for 33%. Kevin wants to join him on that offer.