Note: No spoilers are below, as we are live blogging tonight’s brand new episode airing now
Tonight’s Shark Tank features Barbara Corcoran and Lori Greiner going head to head over several great companies, including a company that makes sprays that soothe children, a lightweight baby carrier, a cooking cap that keeps hair out of food (and cooking smells out of hair), and a ramen noodle cooker.
First up tonight: Fairytale Wishes Soothing Sprays
Debbie Glickman had a hard time getting her son to sleep, and then stumbled upon something that worked — lavender spray. Such were the beginnings of her business, which she does a nice job of pitching to the Sharks. That is, until she gets to her sales figures. Only $5500 in sales in 2012. Kevin O’Leary nearly comes out of his shoes.
Freeloader Lightweight Child Carrier
Next in the tank are two firefighters from Austin, TX, Erick and Nathan, who are pitching their child carrier to the Sharks and asking for $200K in exchange for 15% of their company. While Robert takes enough interest to try out the character with the daughter of one of the entrepreneurs, the other Sharks are intent on poking holes in the business plan and product.
Will the Sharks invest? Buy a Freeloader carrier at the company’s website.
Two “Sassy Girls” Pitch Kookn’ Kap
Juli and Ozma from Los Angeles pitch the Sharks their simple way to keep cooking smells out of hair (and hair out of food). 1,729 caps have been sold in the last year. They’re asking for $50K for 20% equity. Will a funny spelling error keep the Sharks from investing? These entrepreneurs reveal their occupations, which seems to be helping their pitch.
More info on Kookn’ Kap
Rapid Ramen Cooker Starts Off With a Bang
Chris Johnson from Sacramento, CA doesn’t waste any time making an impression on the Sharks, pitching his ramen noodle cooker for $300K in exchange for 10% equity in the business. Mark Cuban doesn’t seem convinced of the need for the product.
Then Chris goes into his numbers, which are pretty darn good over the last 3 months.
Is Chris walking away from the tank with an investment? Stay tuned for the exciting conclusion of tonight’s Shark Tank!