The Deal You’ve Never Seen
This is a pitch that was never seen on Shark Tank. Vincent Porpiglia’s business Dream Water is an all-natural sleep supplement drink. He was looking for 250k and willing to give up 10% equity of his business. Dream Water uses no chemicals and natural ingredients such as melatonin, GABA, and L 5-hydroxytryptophan. Once you drink Dream Water it will help you drift gently off to sleep and wake up in the morning with out that groggy feeling.
They had only enough capital to produce 15,000 bottles but in one month they had sold half their inventory, and were currently in the process of producing just under 100,000 more units.
The Sharks pointed out that they were a nothing brand, and would have problems going up against a major soft drink manufacture if they chose to enter this market. Vincent pointed out that traditionally soft drink companies have bought out other companies to get their product rather than develop their own. Barbara was the first Shark to offer a deal, she offered 250k for 40% of the company but Vincent turned down the deal. Robert then offered 400k for 51% and Vincent accepted the deal.