Shark Tank US | Top 3 Times The Sharks Were Freaked Out

Summary

The script features two entrepreneurial pitches: one for 'Slick Barrier,' a pesticide-free home pest control product, and another for 'Bat B&B,' designer bat houses to reduce backyard pests. 'Slick Barrier' secures funding despite skepticism, while 'Bat B&B' gains investment by highlighting bats' underappreciated role in pest control. A third pitch proposes an implantable Bluetooth device in the ear, which is met with concern and ultimately rejected due to safety and practicality issues.

Takeaways

• 🏠 Slick Barrier is a pesticide-free physical barrier designed to prevent home intruders such as spiders, cockroaches, scorpions, bed bugs, ants, and rodents.
• 🧪 The product was tested by universities like Texas A&M and New Mexico State University, showing effectiveness against various pests.
• 💡 The entrepreneurs from Gilbert, Arizona, are seeking $500,000 for 10% of their business, showcasing a high valuation expectation.
• 🎯 They demonstrated the product's effectiveness using live pests, including scorpions, during their pitch to the investors.
• 📈 In 2020, they had $180,000 in service sales, and in 2021, their total revenue was about $650,000, with a shift towards product sales in 2022.
• 🚫 Some investors were skeptical about the valuation and the product's ability to completely prevent pests, leading to rejections.
• 🦇 Bat B&B is a concept that promotes using bats as natural pest control, offering designer bat houses to attract them.
• 🌐 The bat house creators aim to reduce the reliance on harmful pesticides and provide a habitat for bats, which are efficient at consuming pests like mosquitoes.
• 💸 They sought $100,000 for 16% equity in their business, with a focus on public sector opportunities for growth.
• 📊 The market for bat houses is considered niche, with some investors doubting the scalability and public acceptance of the concept.
• 🤖 Darren Johnson introduced an implantable Bluetooth technology, aiming to provide a permanent solution for Bluetooth device users.

Q & A

What is the main purpose of 'Slick Barrier'?

Slick Barrier is designed to prevent home intruders, specifically crawling pests like spiders, cockroaches, scorpions, bed bugs, ants, and rodents, by creating a pesticide-free physical barrier around the base of homes.

How does Slick Barrier work?

Slick Barrier works by creating a hard, smooth surface that crawling pests cannot climb. It is applied to the base of a home or any surface where pests are unwelcome.

What is the difference between the red and blue house displays in the script?

The red house display represents a house without any protection, where scorpions have already started to move in. The blue house display shows a house protected by Slick Barrier, which prevents pests from climbing up.

What did the entrepreneurs from Gilbert Arizona ask for in their pitch?

The entrepreneurs asked for $500,000 for 10% of their business.

What was the outcome of the pitch for Slick Barrier?

The outcome was that Lori offered $500,000 for 15% equity, with $100,000 upfront and the rest as a note, on the condition of helping with the consumer side and licensing.

What is a 'Bat B&B' as mentioned in the script?

A 'Bat B&B' is a designer bat house that provides a habitat for bats, which are natural pest controllers, especially effective against mosquitoes.

Why are bats considered beneficial in the context of the script?

Bats are beneficial because they consume large numbers of insects, including mosquitoes, which can help reduce the need for pesticides and control the spread of diseases like Zika.

What is the main concern expressed by the Sharks about the Bat B&B?

The main concerns expressed are the public's fear and misunderstanding of bats, the potential difficulty in educating people about the benefits of bats, and the perceived small size of the market.

What deal did Kevin offer to the creators of Bat B&B?

Kevin offered $100,000 for 33% equity and a 3% royalty, which was negotiated down to 25% equity for the same investment.

What is the 'ionic ear' investment opportunity presented by Darren Johnson?

The 'ionic ear' investment opportunity is an implantable Bluetooth technology that is surgically placed in the ear to provide a hands-free communication device.

What are the main concerns raised by the Sharks about the implantable Bluetooth technology?

The main concerns are the invasive surgery required, the potential for the device to be dislodged or cause harm, the inconvenience of charging it, and the need for future surgeries for upgrades.