Mr.Poncho:
Sandy Hyun and Roman Pietrs purposed the business Mr.Poncho which is a protective cover for MP3 players, with the way to keep your headphones from getting tangled. They were looking for $50,000 for 25% stake in the business. The business is two years old and last year had sales of $35,000, the protective case is patent pending, but the innovative cop is just a re-purpose patent. This means that somebody else owns the only innovative or interesting part of this business. Also, the competition of the business they were going in was huge. Their are tons of different businesses putting out different types of cases, and plastic covers. No sharks were willing to invest in the business and the young entreprenuers left empy handed.
UROclub:
Dr.Floyd Seskin was a urologist and an avid golfer, who purposed his business called UROClub which was a product that allowed men to urinate into a hollow club that looks like a seven iron. The doctor had sold 3000 units last year and had sales of $70,000. This was not enough to convince most of The Sharks and one by one The Sharks dropped out. All expect for Kevin H who offered $25,000 for 70%, Dr.Seskin was looking for a business experience and not moeny so he accepted the offer.
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