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

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www.ahalife.com

www.ahalife.com

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.

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Shark Tank: Signal Vault Scans the Sharks for A Deal, Accepts Deal With Robert Herjavec and Lori Greiner for $200,000

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signal-vault.com

signal-vault.com

Chris Gilpin of Signal Vault is the final entrepreneur to enter the tank in the season 7 premiere.

He is offering $ 200,000 for 12.5 percent of his company.

His company aims to prevent hackers with scanners from obtaining credit and debit card information. The card protector is simply placed in the wallet near your cards and protects your information.

The company started nearly 2 years ago and has sold 45,000. He started the company with the winnings from a $ 1 lottery ticket.

He explains to the sharks that credit and debit card hacking is a multi-billion dollar problem, but admits that there is another major player in the space.

O’Leary likes the product but will only bite for 20 percent.

Greinet also makes an offer, but for 18 percent. She asks for a counter to which he tells her he wants to hear from Kutcher. He goes out.

Greiner lowers her offer to 15 percent and says that she can make his product a household name.

Security leader Herjavec then offers him a deal for $ 200,00 for 15 percent, the same as Greiner’s. The sharks who are in fight over the deal, citing all the ways that they could build his brand.

Cuban thinks he is underestimating how hard it will be to grow his company and goes out.

He questions whether Greiner and Herjavec will come together for a $ 250,000 investment for 18 percent. They want better equity for a team of two and he offers back $ 200,000 for 25 percent.

Final deal: Herjavec and Greiner for $ 200,000 for 25 percent.

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