ENTREPRENEUR: Bill Lyons
ASKING FOR: $250k for a 10% stake
BEST PART OF THE PITCH: Bill claims he has a lock on the real estate search engine of the future. You go to the home page of his site and list the type of property you want. Then you'll learn which properties have the most potential in a map and list view. The site also lists all the key real estate indicators that are associated with the property. Bill has experience building a financial services company from scratch, but suffered a setback during the economy's collapse.
DO THE SHARKS BITE? Kevin believes Bill is going after real estate investors, which is a smaller subset of all real estate buyers. Mark hates this type of business, so he's out. Daymond follows his lead. Barbara doesn't understand how it's possible to make estimations on value. She's out. Robert doesn't believe Bill has a real business concept, so he's out. Kevin applauds Bill for trying to get back into the financial service games, but he can join him in this venture. He's out, too. Bill will have to find another investor for Revestor.