Season 4, Episode 1
People: Derek Pacque
Original Offer to the Sharks: $200,000 for a 10% stake
One of the coolest concepts to appear on Shark Tank, CoatChex represents a simple and new technology that replaces the “old-fashioned” way of checking coats and garments at an event. CoatChex Ticketless Technology attempts to revolutionize an industry with their creative product, which also is an opportunity for fellow entrepreneurs.
Coat Chex, based out of Indianapolis, is focused on bringing innovation and value through today’s technology to an industry that hasn’t been touched in decades. Our patent-pending process optimizes coat check-in and retrieval functions and reduces the risks that are commonly associated with checking coats, making it the hassle-free solution to running a secure, profitable, and efficient coat check station.
Will the Sharks bite — check your coat at the door and stay tuned!
Wow, what a crazy ending to this pitch. Mark Cuban offers $200K for 33% and Derek turned him down after phoning his partner in the business.
Did CoatChex make a deal on Shark Tank? NO