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

Sony Pictures Television
23 Jun 202423:50

Summary

TLDRThe 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.

Outlines

00:00

🏠 Introducing Slick Barrier: The Pest-Proof Home

Tony and Aaron from Gilbert Arizona present 'Slick Barrier', a pesticide-free physical barrier designed to keep pests like spiders, cockroaches, scorpions, bed bugs, ants, and rodents out of homes. The product is applied around the base of a house, creating a slick surface that crawling pests cannot climb. They demonstrate its effectiveness using models of houses with and without the product, showing pests like scorpions and a rodent named Kevin unable to climb the protected surfaces. The founders seek $500,000 for 10% equity in their business and highlight third-party testing from universities like Texas A&M and New Mexico State University that supports the product's efficacy. They also discuss their sales history, starting with service-based income in 2020, moving to product sales in 2021, and focusing on consumer sales in 2022. The product is easy to apply, similar to paint, and they envision a future where it's widely used by consumers to prevent pest infestations.

05:00

💼 Financials and Valuation Discussion for Slick Barrier

The discussion shifts to the financials and valuation of Slick Barrier. In 2020, the company had $180,000 in service revenue, with no product sales. In 2021, total revenue was $650,000, with $450,000 from services and $200,000 from product sales to pest control companies. The founders then decided to focus on product sales in 2022, achieving $50,000 in the last month. They aim to expand to the consumer market but will continue to target pest control companies. The average price to treat a house is $150, while pest control companies charge about $1,400 for the service. The sharks express concerns about the company's valuation and the feasibility of their business model, with some ultimately deciding to pass on investing due to the perceived challenges in scaling the business and the lack of innovation in the pest control industry.

10:02

🦇 Bat B&B: Eco-Friendly Pest Control

Chris and Harrison pitch 'Bat B&B', a line of designer bat houses aimed at reducing backyard pest populations using bats, a natural pest control method. They explain that bats consume thousands of insects per hour, making them highly effective against mosquitoes and other pests. The bat houses are designed to mimic the bats' natural habitat, with features like interior groove chambers and landing pads. The founders express their concern for the growing threat of diseases carried by insects, such as Zika, and position their product as a safer, more environmentally friendly alternative to pesticides. They seek $100,000 for 16% equity and share their revenue to date, which is $135,000, with projections for the current year around $145,000. The sharks have various reactions, with some expressing skepticism about the market size and the public's perception of bats, while others see potential in the concept.

15:04

🔊 Darren Johnson's Implantable Bluetooth Technology

Darren Johnson introduces an implantable Bluetooth technology that is surgically placed underneath the ear to keep Bluetooth devices securely in place. He explains that the device contains a battery, Bluetooth electronics, a microphone, a speaker, and an AC charging port. The goal is to prevent Bluetooth devices from falling out due to natural movements or perspiration. The sharks react with a mix of intrigue and concern, questioning the practicality and safety of implanting technology into the human body. Darren's pitch is met with skepticism, and the sharks ultimately decide not to invest, citing the invasive nature of the product and the challenges associated with medical implants and Market acceptance.

Mindmap

Keywords

💡Intruders

In the context of the video, 'intruders' refers to unwanted pests such as spiders, cockroaches, scorpions, bed bugs, ants, and rodents that invade homes. The video discusses a product designed to prevent these creatures from entering and infesting homes, emphasizing the need for home protection against these unwanted guests.

💡Slick Barrier

Slick Barrier is the product introduced in the video, designed as a pesticide-free physical barrier to prevent pests from entering homes. It is applied around the base of a home, creating a slick surface that crawling pests cannot climb. The product is highlighted as an innovative solution in pest control, aiming to replace traditional, potentially harmful methods.

💡Pest Control

Pest control is a central theme in the video, focusing on managing and preventing infestations of unwanted creatures in homes. The video introduces a new method of pest control that moves away from chemical pesticides towards a physical barrier, emphasizing safety and effectiveness.

💡Innovation

Innovation is a key concept in the video, as it showcases new products and ideas that aim to revolutionize traditional pest control methods. The video presents innovative solutions like Slick Barrier and Bat B&B, which offer alternative, non-toxic ways to manage pests.

💡Bat B&B

Bat B&B, short for 'Bed and Breakfast for Bats', is another product featured in the video. It refers to designer bat houses that aim to attract bats to reduce mosquito populations naturally. Bats are highlighted as efficient natural predators of insects, making Bat B&B an innovative approach to pest control.

💡Investment

Investment is a recurring theme in the video, as entrepreneurs pitch their products to potential investors, or 'sharks', seeking financial backing. The video showcases how these products offer investment opportunities in innovative pest control solutions.

💡Sharks

In the video, 'sharks' refers to the investors who are approached by entrepreneurs with innovative ideas. The term is used metaphorically to describe the investors' role in evaluating and potentially funding new business ventures.

💡Valuation

Valuation is discussed in the context of determining the worth of a business or product. In the video, entrepreneurs pitch their products and negotiate with 'sharks' over the valuation of their companies, which determines the equity percentage they are willing to give up for the investment.

💡Pesticides

Pesticides are chemical substances used to kill pests. The video discusses the drawbacks of using pesticides, such as health risks and environmental concerns, and presents alternative, non-chemical methods of pest control as a response to these issues.

💡Testing

Testing is mentioned in relation to the effectiveness of the products presented. The video references third-party testing from universities like Texas A&M and New Mexico State University, which validate the products' claims of preventing pests from climbing treated surfaces.

💡Consumer Product

A consumer product, as discussed in the video, is a good or service intended for everyday people. The video highlights the transition of the Slick Barrier from a service-oriented product to a consumer product, aiming to reach a wider market by making it available for home application.

Highlights

Introduction of Slick Barrier, a pesticide-free physical barrier for homes to prevent pests.

Slick Barrier creates a hard, smooth surface that crawling pests cannot climb.

Product demonstration shows scorpions and rodents unable to climb surfaces treated with Slick Barrier.

Third-party testing from Texas A&M and New Mexico State University confirms the effectiveness of Slick Barrier.

The founders share their personal experience with home infestations and the inspiration behind Slick Barrier.

Slick Barrier's water-based product is easy to apply and does not require a mask.

The founders request $500,000 for 10% equity in their business.

The Sharks test the product's effectiveness against cockroaches and scorpions.

Discussion on the potential of Slick Barrier in the consumer market and pest control industry.

Financials revealed: $180,000 in sales in 2020, $650,000 in 2021, and $50,000 in the last month of 2022.

The Sharks express concerns about the valuation and the business model.

Lori Greiner offers $500,000 for 15% equity with conditions.

Introduction of Bat B&B, a designer bat house to reduce backyard pest populations.

Bat B&B aims to provide natural pest control and a home for misunderstood bats.

The founders discuss the cultural misconceptions and fears associated with bats.

Bat B&B's potential market in public sectors like counties for mosquito control.

The Sharks' skepticism and concerns about the market size and consumer acceptance of Bat B&B.

Kevin O'Leary's offer of $100,000 for 33% equity in Bat B&B.

Introduction of an implantable Bluetooth technology by Darren Johnson.

The implantable device is proposed to be placed in the ear to prevent Bluetooth devices from falling off.

The Sharks express strong reservations and ultimately decline to invest in the implantable Bluetooth technology.

Transcripts

play00:06

next up is a product designed to prevent

play00:08

home

play00:11

[Music]

play00:17

Intruders hi sharks I'm Tony and this is

play00:19

Aaron and we're from Gilbert Arizona

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sharks worldwide there are Intruders

play00:26

breaking into our home right now now we

play00:29

are talking about spiders cockroaches

play00:32

scorpions bed bugs ants and even rodents

play00:36

ooh but these nasty Creepy Crawlers do

play00:41

not stand a chance with our product

play00:44

we're here today to introduce slick

play00:46

barrier slick barrier is a pesticide

play00:49

free physical barrier goes around the

play00:52

base of your home you just apply it a

play00:54

few inches on your house or on anything

play00:57

you do not want creepy crawly pest to

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all on no poisons at all when you apply

play01:03

a slick barrier to the base of your home

play01:05

it drives hard smooth and Slick it's a

play01:09

physical barrier system that stops

play01:11

crawling pests from climbing up like if

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you look at our displays over here

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sharks the red house doesn't have any

play01:16

protection at all and you can see

play01:18

there's scorpions that have already

play01:19

started to move

play01:22

in the blue house has our protection on

play01:25

it and it's protected by the Slick

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barrier we even have a rodent right here

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that has a post and that rodent can't

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climb that post because it's also

play01:36

protected with slick barrier sharks our

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patented technology is the future of

play01:42

pest control so sharks we are asking for

play01:45

$500,000 for 10% of our business but

play01:48

wait before you give us an offer we

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think it's only fair to have you sharks

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come up and test our products for

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yourselves Kevin you're a rodent Kevin

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I'm looking at you man all right Kevin

play02:01

we have a surprise for you so we decided

play02:03

that we needed to have some pests to

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test our product right and we heard you

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had a special relationship with a

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particular type of pest and what we're

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talking about

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is

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cockroaches say it Kevin say it it's a

play02:17

family reunion oh no Kevin it's been

play02:21

years since I spoke roach these guys

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heard you were talking about him and

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they wanted to meet you firsthand but

play02:27

but Mr Wonderful those bricks are

play02:28

protected with our slick barer coating

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feel free to step right up and show them

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how it works okay you want me to step on

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them we do we do even though he has a

play02:38

special relationship with them they're

play02:40

not getting it I am impressed they're

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not going up the side of the plastic

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come on off Kevin thank you so much for

play02:47

doing that so we want to one up you guys

play02:51

and take this to the next level with

play02:55

scorpions oh my God these are Arizona

play02:59

bark scorpion they're the most venomous

play03:01

scorpions or one of the most venomous in

play03:03

the world and these scorpions they

play03:05

cannot climb the Slick barrier product

play03:08

and so what we're going to do is we're

play03:10

going to stand on these blocks and we're

play03:12

going to pitch and we're not going to

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get off these blocks until you guys give

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us a deal okay when it comes to the

play03:17

poisonous scorpions I think I've done my

play03:19

thing already I'm out of here oh my God

play03:22

thank you Mr Wonderful all right guys

play03:23

let's do

play03:25

this you guys have a couple of materials

play03:27

in front of you a box what we wanted to

play03:29

show you was all the different types of

play03:31

materials that we could put this product

play03:33

on Mark we also did some studies with uh

play03:36

some universities so Texas A&M New

play03:39

Mexico State University they've tested

play03:41

it on bed bugs they tested it on roaches

play03:44

they've tested it on scorpions I just

play03:46

want to point something out they're not

play03:47

climbing up the brick I get that but

play03:49

they're also not climbing up the

play03:50

plexiglass does that mean I should put

play03:53

plexiglass around the base of my house

play03:55

yeah so my house was infested with these

play03:57

scorpions right here me and my wife

play03:59

could not get them out so it was a

play04:02

frustrating experience we tried going

play04:04

through the regular Pest Control

play04:05

channels and we battled these things for

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years I ended up getting stung horrible

play04:09

experience she's like I don't know we're

play04:11

going to have to sell our house that we

play04:13

just bought because we can't live like

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this and notice just like Kevin said

play04:17

they couldn't climb up smooth surfaces

play04:19

if I could coat my foundation with a

play04:21

product that made this same type of

play04:24

surface then I could keep these things

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out of my house and it worked it stopped

play04:28

them but don't take typically come in

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through pipes underneath or a hole in a

play04:34

wall somewhere so every single crawling

play04:36

pest starts from the ground up wait

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quick question you're not your

play04:40

background isn't pesticides or like no

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I've been in I've been in sales and

play04:45

corporate sales pretty much my whole

play04:46

life but you know what guys I give you

play04:48

credit I took a look at your third party

play04:49

testing from New Mexico state and from

play04:52

Texas A&M and the results were amazing

play04:55

in neither case did the Scorpions climb

play04:58

the walls so there was zero penetration

play05:00

so it was really cool okay so tell us

play05:02

about your sales in

play05:04

2020 that was the first year we had

play05:07

sales and we had $180,000 in sales was

play05:10

that just for product or including your

play05:12

service that was just service we were

play05:14

not selling the product at that time so

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that was for your service two guys to

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cope my house how about 2021 so total

play05:21

revenue for the entire year was about

play05:24

650,000 in 21 in 21 Serv only servic

play05:28

450,000 was service about 200,000 was

play05:32

selling the product who were you selling

play05:34

it to we were selling it to pest control

play05:37

companies okay and then starting in 2022

play05:39

we wanted to just solely focus on

play05:42

selling the product so the product that

play05:44

you guys have in front of you here is

play05:46

our most recent product it's a

play05:49

water-based product we sold about

play05:51

$50,000 just in the last month do not

play05:53

require a mask it's as easy to use as

play05:56

paint right now our vision for the

play05:58

future is to go consumer but we still

play06:01

intend on pushing it into the pest

play06:03

control side here here's the problem I'm

play06:05

having 10% $500,000 if it's a $5 million

play06:09

valuation you guys make no money

play06:11

whatsoever you don't even have to tell

play06:12

me that I know cuz I speak rat right all

play06:15

right the rat said no D here when we

play06:17

first started this company we we figured

play06:20

out that it worked and then at that

play06:22

point we decided to raise Capital but

play06:23

why is

play06:24

it so so we've we've raised Capital how

play06:28

much have you raised at the end of 20 20

play06:30

we raised about half a million dollar O

play06:32

and the most recent one we raised

play06:35

$700,000 at like a $3 million valuation

play06:38

so what do you sell the product to pest

play06:39

control company our average price is $70

play06:42

so what does it take to do your house um

play06:44

it takes roughly about two gallons two

play06:46

to 2 and a half gallons so 150 bucks

play06:48

yeah what do they charge the end user so

play06:50

so the average charge is about $1,400 to

play06:53

go out and do the service and do you get

play06:55

a percentage of that at all no we just

play06:57

sell the product directly the big

play06:59

problem with Pest Control is there's no

play07:01

innovation it's just spray spray spray

play07:03

spray and guess what they're banning

play07:05

these products the idea that you don't

play07:07

take a percentage of that service

play07:08

revenue is

play07:10

insane you're going to have to sell so

play07:13

much in order to have a real business to

play07:16

justify your valuation I just don't see

play07:19

how you guys can get there so for those

play07:20

Reasons I'm out all thank you look for

play07:22

the consumer brand what does it cost to

play07:26

sell what does it cost to make that's

play07:28

why we're here right right now to

play07:30

actually have this product delivered in

play07:32

our warehouse we're paying $30 for one

play07:36

gallon what do you sell it for we sell

play07:38

it for $100 huge mistake let me take a

play07:40

stab at this I know the Cockroach

play07:42

Community I'm very familiar with the

play07:44

Scorpion Community but I got to tell you

play07:46

something your valuation 500,000 for 10%

play07:49

I can't decide if your cockroaches or

play07:51

scorpions or both because this business

play07:53

is not worth $5 million but I'm looking

play07:57

at this as the beginning of the journey

play07:59

you know not even started yet cuz you

play08:01

want to go to Consumer you proved your

play08:03

model out selling services I can't get

play08:06

there on valuation I'm out sure Tony

play08:09

eron um your product is great but I

play08:12

don't think any house is a completely

play08:15

solid vacuum like they're going to get

play08:18

in so I can't get there I I just I can't

play08:22

and the rats are just freaking me right

play08:25

out I'm out well and and that's I'm out

play08:28

guys

play08:30

when you live in the Northeast when it

play08:31

gets cold those pests and those Critters

play08:34

they're coming into the house they're

play08:36

going to find a way in there and when

play08:38

I'm from in New York when I get locked

play08:40

out of my house I'd call a rat to let me

play08:41

in the house right they're not stopping

play08:44

these things I'm sorry I'm

play08:47

out listen first of all one thing people

play08:51

really hate is pests right and anything

play08:53

that can harm them or their family right

play08:56

so scorpions rats cockroaches bed bugs

play08:59

you

play09:01

Kevin I think you are in desperate need

play09:03

of a shark because this isn't really

play09:06

your thing so I am going to take a flyer

play09:11

on you wow but there's

play09:13

[Music]

play09:15

conditions four sharks are out Lori is

play09:18

Tony and Aaron's last chance for a deal

play09:21

for their pest control product slick

play09:23

barrier I am going to take a flyer on

play09:26

you okay but there's conditions okay

play09:29

okay I'll give you the $500,000 I want

play09:32

15% okay and I'm going to give it to you

play09:36

$100,000 up front and the rest is alone

play09:39

because I really see this as dicey but I

play09:42

think that people would want to spray

play09:44

their home with it and at least give it

play09:45

a go even if it cuts down the amount

play09:48

that gets in it's better to have one

play09:50

scorpion than 500 what are the terms of

play09:53

the note so the terms of the note uh 2

play09:55

years whatever the standard rate is I

play09:58

can easily figure out how this can be a

play10:00

great consumer product I look at what

play10:02

can I take with it and make happen right

play10:04

so I'm no worry about that and then I

play10:06

think I can just help you immensely with

play10:07

the licensing cuz I've done it you know

play10:09

you guys understand the offer right

play10:11

100,000 steep it's it's steep in some

play10:14

ways but you know we know exactly why we

play10:17

need you we need help on the consumer

play10:19

side we need help on the so now you know

play10:20

right so what do you want to

play10:24

do you want to talk to the Rats first

play10:26

could could we

play10:30

I so want to do this with you Lor by the

play10:32

way you struck out with every other

play10:33

shark there's only one offer she's only

play10:35

taking 5% more than you're asking what

play10:37

is there to think about there's not

play10:39

let's do it let's do it all right let's

play10:41

do it oh I can't believe I'm in this

play10:44

like

play10:46

business but we'll get rid of these

play10:47

horrible things so much thank you thank

play10:50

you I think it's really cool I mean if

play10:52

it works it's really cool thank you guys

play10:55

all right you so much thank you guys

play10:57

thank you all

play10:59

[Applause]

play10:59

[Music]

play11:03

yes next into the tank is a way to

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attract an often misunderstood

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[Music]

play11:16

creature hey sharks my name is Chris

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rfor and I'm Harrison broadhurst we're

play11:21

from Lexington Kentucky we're seeking

play11:23

$100,000 for 16% of our

play11:26

company so we have a problem with our

play11:28

winners getting shorter and warmer

play11:30

insects like mosquitoes are coming out

play11:32

earlier and in greater numbers bringing

play11:35

zika and other deadly diseases in their

play11:37

wake it seems like the only solutions

play11:39

available on the marketplace are

play11:41

expensive pesticides that burn and

play11:43

irritate our skin while also endangering

play11:45

local wildlife and all this while

play11:47

there's been a perfect natural solution

play11:49

that we never think of bats so most

play11:53

people don't know that a common bat will

play11:55

eat up to a th000 mosquito siiz insects

play11:57

an hour making them one of Nature's

play12:00

greatest forms of natural pest control

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so how do we enlist these amazing

play12:04

animals to support our cause introducing

play12:08

bat B&B T that's right B&B as in a bed

play12:12

and breakfast for bats now with our line

play12:15

of designer bat houses you can

play12:17

significantly reduce your backyard pest

play12:19

population every bat Bean B is designed

play12:21

with the animals unique lifestyle in

play12:23

mind with interior Groove Chambers and

play12:25

landing pads that allow the bat to

play12:27

easily grip climb and hang the bat beam

play12:31

be actually sounds like you Kevin the

play12:33

bat beam be actually biomimics their

play12:35

natural habitat which is the space

play12:37

between the peeling bark on a dying tree

play12:40

it also provides an ideal environment

play12:42

for mother bats to keep their pups safe

play12:43

from predators with a bat being being in

play12:45

your property whether it's your backyard

play12:47

your farm or your business you can

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eliminate swarms of harmful pests while

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also providing a much needed home for a

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commonly misunderstood animal before we

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dive into questions we know that there

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are a lot of miscon receptions around

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bats so we'd love for y all to meet

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one at this point at this point I'd love

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to invite our trained animal Handler

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Melinda to join us on stage and

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introduce us all to radar hi Melinda hi

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where's the bat she's right here oh God

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Melinda don't let it out let it out is

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it outside you can't

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be so this is radar it's a six-year-old

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rescue she had a damaged Wing so that's

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why she's in captivity um radar is a big

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brown bat they live all over Los Angeles

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and and all over North America they are

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our Target customer they hunt at night

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when we're sleeping hold on about this

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hunting at night when I was a teenager I

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lived in the city of

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Cartage Transylvania oh God in Tunisia

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and they don't wait till night they come

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out of Dusk and they blanket the sky now

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not every bat eats mosquitoes some of

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them enjoy blood and they

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actually they they actually go hun on

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mammals so how do you know that when you

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set up your bat BNB you're not getting

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blood sucking bats so our Target markets

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are in the United States Canada Europe

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and Australia primarily in the USA right

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now uh vampire bats they're two species

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of them they live only in South and

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Central America how are you guys bat

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Specialists like so we're not bat

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Specialists so we started this back in

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2016 all the headlines were zika zika

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zika and Harrison and I were like oh

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gosh like we want to have kids but oh we

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can't be near zika mosquitoes micro was

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scary and we felt helpless so we looked

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at the market and like we said it's all

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pesticides and harmful pesticides so we

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drew on a childhood experience I had

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where I actually grew up building bad

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houses with my father um and we you grew

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up building bad houses with your father

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how did that come how does that start my

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dad's a big conservationist he's into

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animals there you go how many bats could

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live in there um so 80 to 100 bats can

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fit 80 to Ian you see you see how little

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radar is here and so they like to be

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close yeah but Chris people don't like

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bats like it freaks most people out how

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do you sell this to people and educate

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them so so you're absolutely right

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Robert so ever since Bram Stoker wrote

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Dracula like over 100 years ago bats

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have just suffered from the big bad

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scary looking it's as far back as Greek

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mythology they were considered to live

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in Hades was very involved also in Rome

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it was if you didn't want to go to sleep

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you cut the head off a bat and put it in

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a bag by your left arm yeah this is it

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goes further back yes I am one with the

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bat yes I know they're your relatives no

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no I just understand them so tell us

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about your business so we launched via

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crowdfunding about 11 months ago uh so

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far our revenues to date have been

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$135,000 and what are your projecting

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sales will be for this year so sales for

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this year we're looking at 145,000 this

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year Chris how big is this market so

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while we've been growing on the consumer

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side where we see the high growth in

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this market uh is in the public sector

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so if you look at the public sector on

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the county level there are enormous

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budgets for mosquito and Pest Control

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what do it cost you to make it yeah it

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costs 8850 for us to make it it costs

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$239 with shipping wow Harrison Chris I

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see it as a hobby market it's relatively

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small it's not for me I'm out okay

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appreciate that how do you get um a city

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county state whatever it may be how do

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you get to them yeah so that that's part

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of that's one tier of what we would do

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with an investment we pursue

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relationships and we would work with

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people who have experience in so let's

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just say that goes perfectly where do

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your sales go so we've done a 5-year

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forecast and year five will be a million

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dollar year business honestly I just

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don't see that being big enough right

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for the amount of time and work that's

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involved so for those Reasons I'm out

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okay I have a lot of bats on my property

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it hasn't really reduce as far as I know

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uh much of the mosquito issue I still

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feel like I have a mosquito problem or a

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bug problem and I just don't think that

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people understand the value of what

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you're doing and I just think it's a

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hard way to educate people so with that

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I'm out

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thank you and then there were

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two um it's just not the product for me

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I I can't even like I'm sitting here

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going H every second cuz just the bat

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thing for me I just I can't invest in it

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I'm sorry I'm out it's okay I on the

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other hand have a lot of passion for

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bats because they're so misunderstood

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over the ages here comes the blood

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sucking offer there's no blood sucking

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involved here this is a fruit bat offer

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okay

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here's the way I look at it I like it

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it's a small Market it needs a

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tremendous amount of promotion and

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someone has to explain it and nobody

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knows more about bats than I do so I'll

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give you the 100K for 33 and

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A3 that's the only deal I consider sorry

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that that's a little too low for us um

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if you're willing to do 25% we willing

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to do it I have to feel that I've got a

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seat at the table I think it's a lot of

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hard work in a very small Market but I

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can bring so much promotion

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and I don't have a bat cave in my

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portfolio so I'm thinking of adding it

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now but it's got to be 33 and a 3% you

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have a deal thank you Kevin thank you so

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much for your offer by the way

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[Music]

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yes ask will you put on a Batman suit if

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we if we

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chose done it's a deal oh I didn't see

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that I love it nice to meet you guys it

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was a hell of a great presentation

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more perfect for a bat house Kevin turn

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into a bat thank you

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everybody thank

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you two years ago when we first started

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this it was a little little hobby thing

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that Harrison and I did in in our free

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time and now we got Kevin on board with

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all of his resources and finances and

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and the investment like there's no place

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we can't go like it's it's fantastic you

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know in the Mayan culture way back when

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bats started getting a bad rep so far

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ago because people were scared of them

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were you around during the May culture I

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first became close with them in Tunisia

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that's where it started is that when you

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started sing upside down I first met the

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bats I also met them in Attis Ababa in

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Ethiopia at night they would cover the

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skies I would say to my father what are

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those dad and you'd say those are

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bats those are our relatives and I

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always thought one day I would be in the

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bat

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business next up is Darren Johnson who

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hopes his Innovative new product will

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send the Sharks into a

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frenzy my name is Darren Johnson and I'm

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here today to explain the ionic year

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investment opportunity how much money

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are you looking for I'm looking for a

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million dollars for a 15% ownership

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stake in the technology what we have

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developed is a implantable Bluetooth

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technology if you are one of the 40% of

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the users of Bluetooth technology that

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currently own it you know that just the

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natural Rhythm walking many times and

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perspiration the technology will fall

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off your ear if you answer the call too

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quickly many times the Bluetooth device

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will become dislodged I'm sorry where

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are you implanting this into a into

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another device what are you implanting

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this into it's actually going into your

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ear in your ear how you're pushing it in

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if I could direct your attention to the

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first slide here is the surgery

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locations this is just underneath the

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ear load the surgery location this is

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this is surgery you would be under

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anesthesia

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good you guys are so close-minded please

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let him finish okay thank you thank you

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at the base of the device is a battery

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within its Center or Bluetooth

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electronics and at its tip a microphone

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a speaker and an AC charging port stop

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right there there back to surgery 101

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sir Darren we're going to we're going to

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operate on people yes we are we're going

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to stick something in near their brain

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we may not puncture their ear you know

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what I I can sum up where I stand on

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this already it's pretty disturbing and

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it freaks me out I'm already

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out how do I charge it every night so we

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have the the AC charging port can you

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stick that knee in your head every night

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to charge it yes you would okay you

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don't think

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hang Are you seriously like it's like a

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small Q-tip cylinder that would dock

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with what happens if you miss Darren so

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that you can't miss you can't miss sure

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there's going to be safety features

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built into it Darren I need to be clear

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on this before I write you off as a nut

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job which I'm trying not to

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do but I have to understand a team of

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doctors imp plant it in your neck below

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your ear sure and then you stick

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something in your ear in the evening

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something what commen something size of

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Q-tip or smaller charge Q-tip a cylinder

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that delivers AC charge at a very

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trickle low

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I'm how do I do an upgrade I go back and

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get another operation you would have to

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go in and receive an additional

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operation do do you see a problem with

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that sure there there certainly is I

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have a problem with that I am out this

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is the weirdest damn thing I ever

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heard the first time that you heard of

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breast implants what did you think I

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love it right okay but as a

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woman as a woman would it be something

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that you would immediately want to do or

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would it take Market acceptance and a

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lot of testing and a lot of medical

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trials before people accepted the idea

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you told anybody else except us in the

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room about this yes I have and you're

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still walking around free I see sure

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don't call me I'll call you I'm out okay

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I appreciate that Darren here's here's

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Insanity here's

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genius you're

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somewhere nevertheless I'm

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out thank

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you do you see the size of that thing

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that he wanted to put in your ear one

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time in a shower you're going to just

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short out he's so far ahead of his time

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thank God I won't be alive when this

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time comes

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