ENTREPRENEUR: Connor Pastoor & Jillian Jaccard
PITCH: Partie Poche
ASKING FOR: $100k for a 20% stake
BEST PART OF THE PITCH: Connor and Jillian are students who came up with a nightlife fashion accessory that replaces a handbag by conveniently carrying a woman's essentials around her leg. The strapped accessory looks good and is very comfortable. They've sold 200 on their website. They have a provisional patent. Connor says they can't accurately value a company that's pre-revenue. This brings a "well done" cheer from Mark.
DO THE SHARKS BITE? The sharks are worried about the high evaluation of the product. Kevin doesn't think the company is worth a half million dollars. The sharks also worry that they have already sold 40% of their company to another investor. Kevin is out big time and he forbids any of the other sharks from doing business with these two. Robert can't get past the fact that they haven't had any real sales. He's out. Barbara thinks their wild-eyed enthusiasm is going to be their downfall. She's out. Daymond quickly follows. That leaves Mark, who believes the other sharks are a hundred percent wrong. Mark asks about the company's infrastructure which includes 200,000 units. He's concerned that they don't know what they are going to do next. For that reason, he's out, too. Kevin gets Mark to admit that they were all right and he was wrong. That's a first!
WANT TO KNOW MORE: Visit http://www.facebook.com/pages/PartiePoche/178285615550248?fref=ts