ENTREPRENEUR: Rob Dyer
PITCH: RUCKPACK COMBAT NUTRUTION
ASKING FOR: $75k for a 10% stake
BEST PART OF THE PITCH: Rob is a Major in the Marine Corps. He was inspired to create his product while he was deployed in Afghanistan. Ruckpack is the world's first peak performance nutrition shot. It was designed and tested by Special Ops forces. It's caffeine-free which is important for those in combat. He needs capital for inventory and to work down the cost of creating the product. Rob is an accounting professor now, but he was Special Forces. He has partners that come from military-based families. He's put up a lot of money for prepaid inventory.
DO THE SHARKS BITE? Robert feels the business isn't doing well enough to generate enough cash to buy inventory. Daymond goes out right away, as he's invested in similar products that would compete against this. Barbara is in love with this guy, but she's troubled by the large sums of money he's putting into the company. She's out. Mark, too. Kevin likes the product a lot. He'll give Rob exactly what he wants.
THE RESULT: Robert still feels Rob needs more cash. He wants to partner with Kevin to give him $150k for a 20% stake. It's double the cash Rob was asking for. Rob appreciates the offer and accepts it. It looks like this Marine's mission is a success.