ENTREPRENEUR: Nate Berkopec
PITCH: The Factionist, an ethical and environmentally-friendly apparel brand
ASKING FOR: $30k for a 20% stake.
BEST PART OF THE PITCH: Nate is a student at New York University who makes organic t-shirts featuring socially conscious messages. He's easy to like and very enthusiastic. Regarding his product, Nate says, "The Factionist is not just another apparel brand. It's a movement. It's time for you to invest in America's future." He has $3,000 in sales in six months but needs money to expand.
DO THE SHARKS BITE?The t-shirt business is brutally competitive. Robert says, "Nate, there are millions of other people with a movement who have more brand, more credibility, more PR, more everything." That seems to sum up what all the sharks are thinking. He doesn't have a brand on his shirt, so no one will know how to find what he's selling.
RESULT: As much as they like this guy's passion, no one can get behind the idea. Robert says, "You've got the passion. Don't ever lose that because that's infectious and you'll go a long way." Hey, Nate's only 19. Maybe we'll see him again someday back on Shark Tank with a better product.
WANT TO KNOW MORE: Visit www.thefactionist.com .