Graffiti Removal Service

Paul Watts came to the sharks with the offer of 350k for 15% equity of his company. Paul Watt's company is a Graffiti Removal Service (GNS) which is a completely mobile graffiti removal service. Paul Watts used a special chemical to easily remove the graffiti from a stop sign to show the sharks how easy it was for him to remove graffiti, but the sharks immediatley jumped on him by asking if he owned the product which no he didn't. They questioned whether other people could simply get the product and how his franchise would work if other people could just start their own business doing the same thing. Also, Paul Watt overvalued his company hugely, his offer ment that he believed his company was worth over 2 million dollars which at the time defintly was not.