ENTREPRENEUR: Dominique McClain Barteet
PITCH: One Sole
ASKING FOR: $500k for a 20% stake
BEST PART OF THE PITCH: Dominique has created an interchangeable shoe where you can quickly and easily go from one look to another. She save lots of space when traveling by packing various sets of tops instead a bunch of different shoes. There are thousands of varieties. Barbara loves the comfort of the shoes. Dominique has grossed over $20 million in the last four years. She's in 2,000 stores in 30 countries. She's been on QVC five times. Dominique is a pharmacist by trade, so she fills both prescriptions and shoe orders. She went international just this year.
DO THE SHARKS BITE?Robert says he'll put in $100,000 for 10%. All Dominique needs to do is get the other four Sharks to go in on the deal to get the money she seeks. Daymond doesn't need any partners. He'll give Dominique the $500k for a 35% stake. Barbara's out, but Kevin O. offers $500k for 51% of the company. Kevin H. wants to team with Robert for 50% of the company.
THE RESULT: It is quite obvious that there's no way Dominique wants to give up control of her company. That's why she happily accepts Daymond's offer. That's shoe biz!