Kevin Herrington assured that he has contacts with many television agencies and Sweep Easy deserved and commercial Shane agreed to that. Shane Panell accepts the offer from Kevin Herrington and Daymond John and receives $80,000 for $25% of his business. O’Leary asks to speak with his wife and Daymond states that he would reduce his offer to $30,000 if he calls his wife.Īfter a short debate on the stage, Shane states that if Daymond Is ready to go back to their original offer he would want them as partners. Shane with so many deals seems nervous and asks to call his wife. Later Daymond asks to Join Herrington for the same amount but to create the company. Kevin O’Leary later makes the deal at $80,000 for 25%. Robert Herejavec later decides to partner with O’Leary and offers $40,000 more than 20% of the stakes which is $80,000 for 40% of the equity for the licensing deal. Shane agrees to that.ĭaymond John offers to pay $75,000 for 33% of the equity he says he doesn’t want to license the product but rather create a whole company. He wants to build and run his own business and later introduce new products. Daymond john right after states that he can see Shane wants to have this product as his own. O’Leary increased his investment money to $50,000 for 20% of the business to get him on board with him. Kevin further states that he can help him make his business worth $10 million.Īs Kevin Herrington stepped in the bidding war started. Shane Panell seemed very happy with the offer but Kevin Herrington stepped in, to let the founder know that he can make a lot more money with the direct-to-consumer business. Kevin O’Leary steps forward to offer Shane $40,000 for 25% of the equity but he wants to license the broom to different broom companies. Shane lets them know that everyone he has asked from restaurants, movie theaters, or any shop told him it would be $19.95. Kevin O’Leary asks about the price of the product. Kevin Herrington asks why he hasn’t done licensing yet to which Shane says he considered it. To that Shane states, he wants to do both. He asks if he wants to license it or sell the product as his. Robert asks Shane about what he wants to do with the product. Shane lets them know that he still hasn’t sold the product but he has multiple prototypes. Kevin O’Leary asks how many products he has sold. The sharks seemed impressed with the product. Shane hands Robert the product to show how easy it was to use. Robert Herejavec seemed interested and asks if he can use it. After that, he unscrews the top to reveal a scraper being released below which would help the cleaner scrape the dried stuff like food, dirt, gums, bandages, and sticker from the floor. He tells that with Sweep Easy the cleaning of such places becomes easy. He starts demonstrating the product by saying that we have been in a situation where while sweeping the floor we will have to find something stuck to the floor and it will become a hassle to get it off. Shane stood in front of the dirty tile floor which had dried food on them. He approached the sharks for an investment of $40,000 for 25% of the equity. Shane panel walked on the show with beaming confidence on his face. Shane Panell How was the Sweep Easy Shark Tank pitch?
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