Here's a quick recap of the Shark Tank's 4th episode from 1st season. Another 5 entrepreneurs seeking for funds will face the most successful people in the business industry. Will they go home with a good deal? Let's all find out.
Kwame Kuadey was first to swim into the shark tank, his into an internet based Gift Card Rescue business which buys unused gift cards at about 70% of their face value, and then sells them online. Barbara, Daymond and Kevin H. were not interested but when he said that Amazon wants to deal with him regarding partnership, Kevin O. immediately offered $150k for 50% of the business. Kwame countered for 40% but Kevin O. didn't agree. Robert joins Kevin O. raising the offer to $200k for 50% ownership. It's a very good offer and Kwame accepted it.
Gina Catroneo, owner of Souls Calling Inc. is the next entrepreneur to face the sharks, she got inspired and started her business after surviving an attack a decade ago, and come up with an idea of inspiring people with positive messages in her gift items like slippers and umbrellas but the sharks didn't bite because of the very low profit.
Dan Claffey, another hopeful intrepreneur with gift idea business, who holds trademarks for coffee product names to be used in plush toys. He is looking for $300k for 40% ownership and admitted he doesn't have any sales. They all said No.
Paul Watts, Graffiti Removal Services, is the Nation’s First completely mobile Graffiti Removal Company, he claimed that they use most advanced method of removing graffiti and blight while keeping our environment safe. He's looking for $350K for a 15% stake in his business. Kevin O goes in on the deal and suggests that Paul would just be an employee of theirs, Paul didn't agree.