SHARK TANK - EPISODE 204
ENTERPRENEURS: Darryl and Randy Lenz
PITCH: Ride-on Carry-on
ASKING FOR: $50k for a 25% stake
BEST PART OF THE PITCH: Darryl's been a flight attendant for 27 years. During that time, she's seen many parents struggle their way through the airport trying to carry both luggage and kids. That's why she and her husband, Randy, developed a product that instantly converts carry-on luggage into a travel stroller. The attachable seat can carry kids from 8 months to 5 years old. It then folds onto the luggage for easy storage.
DO THE SHARKS BITE? New shark Jeff Foxworthy thinks they have a great idea and he loves the couple's enthusiasm. This just isn't the business for him. He's out. Robert thinks they should go down the licensing road, so he's out. Barbara will give them the $50k for 25% of the company. Kevin O. also makes an offer. He'll give them $50k for 20% of a licensing deal. As Daymond goes out, he warns that Kevin's offer is a sucker deal.
THE RESULT: Barbara isn't against the licensing possibilities; she just thinks they need help marketing the product. With two offers on the table, Darryl and Randy break Mr. Wonderful's heart as they decide to team up with Barbara. Looks like Kevin will have to carry-on without them.
WANT TO KNOW MORE: Visit http://www.rideoncarryon.com