$46,275,000 invested by the Sharks to date

Recap of Shark Tank Season 5, Episode 30

How did 30 episodes go by so fast? Season Five has come and gone, but it went out in a blaze of glory with tonight’s finale episode. Featuring everything from baking equipment to box systems, tonight’s entrepreneurs really brought it in the Shark Tank. So how did they fare on the final episode of the season? Read on to find out!
First into the Shark Tank are Matthew and Emily Griffin, co-owners of Baker’s Edge, a company designed around a baking pan with interior edges, designed to edge-ify every brownie in the pan. The Griffins asked the Sharks for a $400,000 investment in exchange for 20% equity in their company. Having done $5.8 million in sales since 2006, the Griffins are now looking to enter the traditional bakeware industry. They peaked at $1.7 million in sales a year after an appearance on Oprah’s Favorite Things list, however business hasn’t been nearly as high since then. They’re no one-trick pony, though, the Griffins recently announced a new muffin pan featuring a honey-comb organization that’s both cheaper to manufacture and easier to clean. Unfortunately, the Sharks think Baker’s Edge has gotten dull over the years. In a rare moment of agreement, all of the Sharks are out on the basis that Baker’s Edge has ridden this wave as far as it will take them. No deal.
Second into the Shark Tank are Dr. Sylvie Shapiro and Nicole Brooks, co-founders of an app they claim will revolutionize the way moms size and shop for children’s shoes. The women asked the sharks for $75,000 in exchange for 15% equity in their app, Foot Fairy. The app is designed for tablets so moms can measure even the antsiest of kids’ feet by pressing it against the screen. While the app itself is free, the women make 8-18% commissions from Zappos.com shoe sales, a website to which they boast a 98% CTR (click-through rate). After 13,144 downloads in 3 weeks, the women are hoping for a big payday, however a technical glitch prevents them from knowing how much commission they’ve earned from the app to date. After the women claim they don’t need Zappo’s help with advertising, the Sharks voice concerns about their vision for the company. Still, Mark makes an offer of $100,000 for 40%, under the contingencies that he needs to test the app to prove it works, he wants to confirm there are no competitors, and he wants to check that the software is well-written and that the women actually own it. Contingencies or not, the deal is accepted!
Next into the Shark Tank are Wayne Sikorcin and Scott Smith, looking for a $125,000 investment in exchange for 10% equity in their company, Tie-Not. Tie-Not was created to take the pain and hassle out of creating water balloons. It’s a garden host attachment that allows users to easily fill and tie water balloons without pinched fingers. The Sharks are pretty impressed to learn that something so simple raked in $125,000 in sales in its first year, especially when they find out that the units cost only $4.99 apiece, and cost $1.50 to produce. The product was originally sold at $9.99, but the price dropped after the pair sealed a 6% licensing agreement with a large toy company. Kevin’s disappointed at the low licensing deal (he says they should be within the 7-11% range), but the men can cancel the deal within 60 days if they choose. Despite $385,000 in sales last year, the Sharks don’t value the company at more than 4x cash flow, which is about $200,000. Barbara offers $125,000 for 25%, of which $50,000 would be cash and $75,000 would be credit. The men are adamant about the company’s worth, however Barbara isn’t budging on their two counter offers, she stays at 25%. Not wanting to give away so much of their company, the men leave the Shark Tank without a deal.
Last into the Shark Tank is Emory University sophomore, Kaeya Majmundar, looking for a $50,000 investment in exchange for a 20% stake in her collapsable storage box company. Kaeya designed BZBox to be a flat folding box that quickly pops out for easy storage. While she doesn’t have sales yet, she’s hopeful that her recent collegiate entrepreneurs competition win will demonstrate the value of his business opportunity to the Sharks. Although Kaeya insists that people will pay a premium on her boxes to save assembly time, the Sharks aren’t so sure her boxes are worth more than double her competitors. Kaeya has actually been approached by Lowes with an offer, however she unfortunately wasn’t mass manufacturing the boxes at the time. This dissuades Barbara from investing, but Kevin is in at $50,000 for 50%… if she can drop the costs of her boxes to $0.56 each. But Kaeya isn’t looking for a deal with Mr. Wonderful, and her impassioned plea to Lori leads to Kevin taking himself out of the competition. Lori sees something in Kaeya, though, and she’s in at $50,000 for 40%, contingent on manufacturing the boxes as storage boxes (rather than packing boxes). Without a second thought, the deal is done!
What a season Shark Tank fans! The good, the bad, the ugly— this one had a little bit of everything. Let us know what you thought!

About Author

Carolyn is a 20-something marketing professional from Chicago, and she's been working with InTheSharkTank since August 2011. Some of her favorite past Shark Tank contestants are Litter SF, REMYXX, and Villy Customs. When she's not busy live-tweeting the show, Carolyn likes reading on her Kindle, exploring the city, and getting in touch with her inner Betty Crocker. Google+

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