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Shark Tank: Jax Sheets, The Pizza Cupcake, IceBeanie, and Draft Top

6 minute read

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Longtime Sharks, Mark Cuban, Lori Greiner, Kevin O’Leary, Robert Herjavec, and Daymond John assessed four businesses in the Shark Tank to determine if they would like to financially and strategically invest. Jax Sheets, The Pizza Cupcake, IceBeanie, and Draft Top all came to the Shark Tank in hopes of securing and leveraging potential relationships with the Sharks to grow and expand their businesses. Ultimately, three of the companies featured in this episode of Shark Tank left with a partnership deal.

Jax Sheets Leaves the Shark Tank Without a Deal

Wen Muenyi came to the Shark Tank to showcase his specialty line of sheets developed with men in mind. Jax Sheets are designed with a unique blend of bamboo and copper to prevent bacteria and odors from accumulating on the fibers in the fabric. Because the average man only changes his sheets every 3 months, Jax Sheets smell fresh for longer. Seeking $210,000 in exchange for 10% equity in his company, Wen has also offered to throw in his HercLean clothing line as well. This two-for-one deal would give Sharks the ability to invest in the same fabric technology divided between a bedding and clothing line.

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    The Sharks are genuinely charmed by Wen and love his hustle as he is running his company out of his garage. Although they think that he has a really great idea and is onto something, they feel that he has to refine what he wants his company to be and focus on pairing down his offering. Because the bedding and clothing markets are so different, Wen ultimately has a decision to make for the future of his company. While the Sharks like the product and like Wen, they decided not to extend a partnership offer to Jax Sheets.

    The Pizza Cupcake Lands a Deal With Lori Greiner

    Husband and wife, Michelle Jimenez and Andrea Meggiato, came to the Shark Tank hoping to land a partnership deal with a Shark who is willing to invest $125,000 in exchange for 5% equity in their company, The Pizza Cupcake. Their revolutionary way to enjoy a frozen pizza snack combines a trade secret dough and homemade sauce with high-quality ingredients and toppings to create a delicious Pizza Cupcake that impressed all of the Sharks. Although Michelle and Andrea have landed a co-packer, they are still producing their product by hand and can not keep up with their sales. They are looking for a Shark that is willing and able to get them off the ground with manufacturing through a copacker.

    Impressed by the product and by Andrea’s background being born and raised in Italy, the Sharks are interested in investing in The Pizza Cupacke. Although other Sharks may be interested, it is clear that Michelle and Andrea came hoping to land a deal with Lori Greiner. They have partnered with a copacker with who Lori is already very familiar. Lori extends The Pizza Cupcake an offer. After countering, they agree to a deal that would give Lori 12.5% equity and 2.5% advisory shares in exchange for a $125,000 investment.

    IceBeanie Gets Three Offers; Partners With Mark Cuban

    Professional big wave surfer, Nic Lamb, suffered a concussion that left his head throbbing for weeks. To help combat the symptoms of his migraine, Nic developed the IceBeanie which provides all-natural, compression cool therapy for relief from headaches and migraines. The patent-pending design is different from other products on the market because of its lightweight design. The product is also very versatile and can be used for many uses including to help chemo patients who get very hot after their infusions.

    Impressed by the product, its potential, and the current sales, three Sharks extended offers to IceBeanie. Although Daymond and Robert try to sway Nic to accept their offers, he agreed to accept a $50,000 investment in exchange for 25% equity with Mark Cuban. He stays good to his word with Mark and is excited to partner with a Shark that has so many connections in the athletic space where concussions are very common.

    Draft Top Partners With Daymond John

    Patrick Parizo and Armand Ferranti have designed a way to bring the experience of drinking a draft beer with you wherever you are. Draft Top is a patented bar tool that is designed to remove the entire top of your canned beverage, turning the can into a cup. Because the product completely removes the can’s top from the inner rim, there are no sharp edges or safety hazards to be concerned about. Patrick and Armand are looking for a Shark who would be willing to invest $300,000 in exchange for 10% equity in Draft Top.

    When testing the product, none of the Sharks could get Draft Top to work which didn’t make for a good impression in the Shark Tank. Although they are concerned about the usability of the product, the Sharks got a lot more interested when they learned that Draft Top has sold $1.6 million in product over the last 8 months. Daymond John decides to go on a limb and invest in Draft Top even though he doesn’t agree with their valuation. Daymond, Patrick, and Armand agreed to a partnership deal where Daymond will invest $300,000 in exchange for 20% equity in Draft Top.

    If you were a Shark, which of these businesses would you have invested in? Were there any partnerships made in this episode of Shark Tank that you feel were a mistake or the Sharks will regret making later? Start the conversation in the comments below!


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