Dr. Doofenshmirtz Takes Over the Tank
Evil scientist Dr. Heinz Doofenshmirtz is constantly inventing new ways to take over the tri-state area on Phineas & Ferb. His plans are usually foiled by Agent P, aka Perry the Platypus. Fortunately, there are no semi-aquatic egg-laying mammals present in the tank as Doof pitches his Shrink-onator. It's just one of the many "-inators" he's developed over the years. The diabolical doctor is enthusiastic in his evil pitch, but his misguided passion isn't enough to stop him from being devoured by the sharks. It's back to the tri-state area for Dr. Doof. Back to the "-inator" drawing board, too.
ENTREPRENEUR: Val Brennan
PITCH: Three-Day Rule
ASKING FOR: $200k for a 10% stake
BEST PART OF THE PITCH: Val says she's changing the way busy single professionals in big cities meet. Her dating site is unique because everyone must be invited or endorsed to get in. It's like a private club with a quality pool of single people. She has about 10,000 people who have submitted applications. They launched about four weeks ago. It costs $100 per month. This business is being scaled off of her original business.
DO THE SHARKS BITE? Mark believes he'd be interested if there's truly a way to differentiate this site from other sites. Val's answer that they screen all clients isn't enough to get him to invest. Kevin follows his lead. Daymond doesn't think the business is worth the $2 million evaluation of the company. He's out. Robert isn't clear about how this site is different than other sites. He's out. Barbara feels Val was more confusing than convincing. She's out. Looks like Val will have to make a date with another investor.
LEARN MORE: Visit http://www.threedayrule.com
UPDATE: Ice Chips Candy
Beverly Vines-Haines & Charlotte Clary pitched their Ice Chips Xylitol candy as the yummiest, healthiest candy on the market. They have 17 exciting flavors for their natural sweetener. After all the negotiations were done, the entrepreneurial grannies felt Barbara and Mark were the best fit for their personalities. The business exploded since their appearance in the tank. They did $1.1 million in sales in a year. They expect that number to go up to $3 million. Sweet!
ENTREPRENEUR: Ryan & Daniella Kelly
PITCH: Ryan's Barkery
ASKING FOR: $25k for a 25% stake
BEST PART OF THE PITCH: 11-year-old Ryan started a company that that was inspired by his canine best friend. Ryan's Barkery sells fresh, all-natural dog treats. He and his mom experiment to create treats that tasted great for hungry dogs everywhere. The sharks taste the tasty dog treats. Ryan gets up early in the morning to bake the treats himself. Ryan sees his treats in stores someday.
DO THE SHARKS BITE? Mark recalls the day he started his first business of selling garbage bags at age 12. He feels 11 is too young to be responsible with $25,000. He's out. Robert doesn't want to invest in this business today, but he would like to see Ryan in the future with another product some day. Barbara offers Ryan exactly what he wants because she thinks this business has potential.
THE RESULT: Daymond warns Ryan about the responsibility of getting all that money before going out. The young man has a brief chat with his mom before ultimately accepting Barbara's offer. What a treat!
LEARN MORE: Visit http://www.ryansbarkery.com
ENTREPRENEUR: Tru Quakenbush & Cory Ward
PITCH: Tom and Chee
ASKING FOR: $600k for a 10% stake
BEST PART OF THE PITCH: Cory and Tru opened up a grilled cheese and tomato soup shop in 2009. The response to their product was amazing. They opened several stores and sold their very first franchise in Louisville, Kentucky. Tru lets the sharks sample their grilled cheese donut. The product tastes great. They have 20 different sandwiches. Their two corporate stores grossed $1.5 million in a year. People line up out the door for their sandwiches. Their first franchisee did $100k in sales in a month.
DO THE SHARKS BITE? Barbara offers $300k for 15% of the business if the guys can get another shark to put up the other half of the money. Daymond doesn't feel this is the product for him. He's out. Kevin offers to throw in $100k as does Robert. Tru and Cory need Mark to come in on the deal, but he doesn't want to do the $100k thing with all the other sharks. He will, however, partner with Barbara. He also wants the rights to the state of Texas. Barbara says she wants the franchise rights in New York.
THE RESULT: The guys say they already have an interested party in Dallas, so Mark agrees to carve that city out of the deal. Kevin and Robert bail on the deal. Tru and Cory take the deal with Barbara and Mark. They're all ready to make some cheddar.
LEARN MORE: Visit http://tomandchee.com
ENTREPRENEUR: Ryan Frankel & Kunal Sarda
PITCH: Verbalize It
ASKING FOR: $250k for a 15% stake
BEST PART OF THE PITCH: The guys have created a way to have a foreign language translator available to consumers in their back pocket. You register for a service that connects you with someone to translate languages via a phone app. They have 2,000 translators around the world. They've had $10,000 in sales in two weeks with a business that has been live for a month. They've also made a deal with Skype to be a featured app in their directory.
DO THE SHARKS BITE? Barbara feels like the deal is too shaky for her. She's out. Daymond decides to let the remaining sharks duke it out without him. Mark is willing to offer $250k for 25% of the company. He doesn't want any of the other sharks to make an offer or else he may bail. Kevin offers $250k for 20%. Robert offers $250k for 25%.
THE RESULT: Ryan and Kunal step out into the hall to discuss the offers. They ask Mark and Robert if they can improve their offers to beat Mr. Wonderful. Mark won't budge on the offer, but offers the expertise to someone who works for him. Kevin and Robert duke it out with each other verbally. At the end of the negations, the guys opt to take the deal that lets them keep the most equity. They also feel that Kevin understands what their business is all about.
LEARN MORE: Visit http://www.verbalizeit.com