Summary
Highlights
Brian, a 21-year-old, seeks $150k for 15% of Little Elf, a gift wrap cutter. He demonstrates its ease and precision, highlighting its solution to common wrapping paper frustrations. He has dyslexia and is currently a junior at Stanford for product design. He's made $250k in sales to date. Lori offers $150k for 20%. Brian accepts Lori's deal.
Jordan seeks $100k for 5% of Ice Cream Canteen, a container to keep a pint of ice cream frozen for hours. He demonstrates its insulation. Sells for $44.99 with a $7.50 cost for each unit. He has made $185k to date this year and is expecting to do over $400k in revenue. Lori and Mark offer $100k upfront and $100k line of credit for 20% . Jordan counters and accepts their offer.
Aaron seeks $100k for 10% of Scrub Daddy, a texture-changing scrubbing tool. He demonstrates its effectiveness. Has a patent and total sales are $100k through QVC in 4 months. Lori offers $150k for 25%. Aaron counters and asks Lori if she would come down to 20%, and she accepts.
Josh seeks $200k for 10% of Lava Box portable campfires, emphasizing safety and convenience. Sells a small for $195 with a $29 cost. To date this year, he's made $610k and thinks they're going to do 1.2 million this year. Multiple offers are made. Josh trusts his gut and goes with Lori for $200k with 10% equity and no royalties.
Carson, an 11-year-old, and his mom Carrie seeks $60k for 15% of Locker Board, skateboards made from recycled decks that fit in lockers/backpacks. He's made $10k, 231 sold. Richard Branson offers $65k for 20%. Carson accepts his offer.