One of the businesses featured was Bot-It, an AI website and mobile app that helps businesses automate their customer service. The entrepreneurs, Maurice Bachelor and Joel Griffith, asked for $150,000 for 10% equity, but Mark Cuban offered $150,000 for 20% equity. Michael Rubin then offered $150,000 for 15% equity, but the entrepreneurs asked Mark and Michael to partner up. They eventually agreed to a deal of $300,000 for 30% equity, with Mark and Michael each taking 15%.
Another business featured was Wellingtons, a company that sells frozen beef Wellingtons. The entrepreneurs, Anastasia and Arya, asked for $200,000 for 10% equity, but the Sharks were hesitant to invest in a product that was already available in stores. Lori Greiner said that she liked the product but didn’t eat much meat, so she was out. Barbara Corcoran suggested that an exercise band would work just as well, and she dropped out. The entrepreneurs eventually left without a deal.
Glove Wrap was another business featured in this episode. The company sells baseball and softball glove wraps that help break in and shape gloves. The entrepreneurs, John, Gavin, and Morgan Batarse, asked for $50,000 for 20% equity, and Mark Cuban and Michael Rubin offered $50,000 for 22% equity. Lori Greiner liked the product but felt that there were other Sharks who could be of better help, and Barbara Corcoran dropped out. Michael Rubin said that he had the right contacts to help the company grow, and he and Mark eventually agreed to a deal of $50,000 for 22% equity.
Finally, the dating advice service featured in this episode was Dating by Blaine. The entrepreneur, Blaine Anderson, asked for $100,000 for 10% equity, but the Sharks were not impressed with his business model. Mark Cuban said that he didn’t believe in the business and was out, and the other Sharks followed suit. Blaine left without a deal.
Overall, the third episode of Shark Tank Season 15 was filled with exciting pitches and innovative products. It will be interesting to see which entrepreneurs secure investment deals in the upcoming episodes. Which product from this episode of Shark Tank Season 15 do you think has the most potential for success?
