Shark Tank: PiperWei Natural Charcoal Deodorant Earns Investment From Barbara Corcoran for $50,000


Last into the tank is PiperWai seeking $ 50,000 for 10 percent equity.

The all-natural deodorant seeks to replace traditional deodorant, which includes toxic chemicals. The deodorant is a charcoal creme that neutralizes odor. Lori Greiner even takes an up-close and personal approach by smelling the armpit of their spokeswoman.

Barbara Corcoran questions the charcoal branding and whether it turns anyone off from buying, which they say it does not. One of the things that they hope to use the sharks’ investment with is to have a skin-sensitivity test done. However, the deodorant rubs in clear.

Kevin O’Leary doesn’t want to go against the big players in the market, however, and goes out. Robert Herjavec goes out too.

Mark Cuban doesn’t like their “anecdotal responses” and doesn’t see them as being self-aware. He goes out.

Corcoran really sees the benefit in needing feedback and likes their conviction so offers $ 50,000 for 33 percent. However, Greiner jumps in with an offer as well, but for 35 percent.

They counter Greiner for 25 percent but she does not agree, nor does Corcoran initially when they counter her the same equity.

They end up accepting Corcoran’s deal, however, when she ultimately agrees to go down to 25 percent.

Final deal: Barbara Corcoran for $ 50,000 for 25 percent.

Digital & Social Articles on Business 2 Community


Shark Tank: Sharks Take A Bite Out of Loliware, Accepts Deal from Mark Cuban and Barbara Corcoran for $600,000


Last into the tank is Loliware, an edible and biodegradable cup. Here is a description from their website:

LOLIWARE is a revolutionary new drinking and eating experience. The first and only edible disposable cup, it is 100% all natural, non-GMO, gelatin-free, gluten-free, plastic-free, BPA-free, non-toxic, and FDA approved.

They are seeking $ 150,000 for 10 percent equity.

The flavors include citrus, cherry, green tea, vanilla bean and an unflavored for those who simply want to use it to “complement” their meal.

Kevin O’Leary says it tastes like licorice, which makes sense since they are mades of fruits and vegetables.

They explain that the product went viral and got a 60,000 order the day after an event.

Robert Herjavec thinks that they actually need more money, but for more equity and an added shark. $ 600,000 for 25 percent, their revised offer, is put up by Mark Cuban, but the situation quickly escalates when Mark Cuban doesn’t express any interest in having them pick who gets to partner with him.

Herjavec wants to go in, but is interrupted by Barbara Corcoran who wants to partner with Cuban or Lori Greiner. Greiner thinks of their product as more of a “party thing” though and goes out.

Given that the same deal is being offered from both sets of sharks, they accept Cuban and Corcoran’s deal.

Final deal: Mark Cuban and Barbara Corcoran for $ 600,000 for 25 percent.

Digital & Social Articles on Business 2 Community