Great Invention for your Teeth 😬🦷

Summary

In this pitch, the entrepreneur introduces Flouse, the world's first electric flosser, designed to make flossing as easy and comfortable as using an electric toothbrush. With 30% of Americans not flossing daily, the product aims to improve oral hygiene. Various investors, including Shark Tank’s regulars, make offers: $250,000 for 8%, with one proposing a royalty option. After some back and forth, a deal is made with Candace, who is excited about the partnership, while others acknowledge the strong competition among the offers.

Takeaways

• 😀 Shark highlights the importance of detecting lies.
• 😀 Only 30% of Americans floss daily, which creates a market need for a better solution.
• 😀 The inventor introduces 'Flouse,' the first electric flosser designed to make flossing as easy and comfortable as brushing.
• 😀 The Flouse kit is priced at $99, with a production cost of approximately $10.
• 😀 One investor offers $250,000 for 8% equity in the company.
• 😀 Another investor counters with $250,000 for 5% equity, but also requests a royalty of $2.50 per unit until they recoup $750,000, after which the royalty ends.
• 😀 The entrepreneur receives an offer of $250,000 for 10% equity, which makes him feel uneasy.
• 😀 The entrepreneur mentions that all the offers are quite impressive, though not all are ideal.
• 😀 There's a moment of tension where the entrepreneur hints at dishonesty, but is reminded not to lie.
• 😀 One investor suggests the possibility of a joint offer, but the entrepreneur doesn’t believe it would be a good fit with another investor.
• 😀 Candace, presumably one of the investors, strikes a deal with the entrepreneur, and they express excitement about the agreement.

Q & A

What is Flouse?

Flouse is the world's first electric flosser, designed to make flossing as quick, easy, and comfortable as using an electric toothbrush.

What percentage of Americans floss daily, according to the script?

According to the script, only 30% of Americans floss daily.

How much does it cost to produce a Flouse kit?

It costs about $10 to make one Flouse kit.

What is the selling price for the Flouse kit?

The Flouse kit is sold for $99.

What offer did one of the investors make for Flouse?

One investor offered $250,000 for 8% of the company.

What was another offer made by a different investor?

Another investor offered $250,000 for 5% of the company, but also requested a royalty of $2.50 per unit until they make back $750,000, after which the royalty would go away.

What was the response to the $250,000 for 10% offer?

The response to the $250,000 for 10% offer was one of surprise and concern, as the entrepreneur mentioned that their 'teeth are bleeding' upon hearing the offer, implying it was a harsh deal.

Was there any discussion about the possibility of combining offers from multiple investors?

Yes, there was a suggestion to combine offers from multiple investors, but one investor questioned where the royalty would fit into that arrangement.

Who accepted an offer, and which one did they choose?

Candace accepted an offer, agreeing to the deal with one of the investors.

Why did the investor mention, 'I don't think she was talking about you, Kevin'?

The investor said this likely because Kevin was making a comment that was not relevant to Candace's discussions with another investor, indicating some confusion or lack of fit in the context.