ENTREPRENEUR:Tim Stansbury and Erin Whalen
PITCH: Grease Monkey Wipes
ASKING FOR: $40k for a 40% stake
BEST PART OF THE PITCH: Tim and Erin are avid cyclists who wanted to create a product to remove grease and dirt that gets on your hands when you do things like change a bike tire. So they invented Grease Monkey Wipes, individually-packaged degreasing cleaning wipes. They are designed to clean the nastiest grease and grime. They can also clean permanent marker, paint and crayon. The product has been on the market for a few months and they've sold 7,600 wipes. DO THE SHARKS BITE? Daymond loved the presentation as well as Tim and Erin, but it's not the business for him. Kevin O. has a problem with the proprietary content, as the product is not patented. He's afraid someone will rip off the formula, so he's out. Kevin H. bails, as he believes the product isn't unique. Barbara can't warm up to it either, as she says she's never gotten her hands dirty. And then there was one.
RESULT: Robert is totally on the fence. Erin says, "I promise you, if you partner with us we will not let you down." He can't help but be impressed with these two. He jumps on board. As he does, Barbara admits that she was just going to jump back in. She says to Robert, "I love this girl so much...what do you say I do it 50-50 with you?" Robert welcomes her onboard. They have a deal!
WANT TO KNOW MORE: Visit www.greasemonkeywipes.com .