![]() Joe asks Mark for season tickets to the Maverick's and Mark says done. He asks them to go to $1.2 million, so he doesn't have to worry about funding future deals when Mark says they will do that for him. The new deal is $750,000 for 30% with a 10% perpetual royalty. ![]() That's when Kevin asks Joe to leave for a few minutes, and he offers to bring Daymond in with him and Mark. Joe Moore says Robert is getting close if he would come up with a 15% royalty and 5 million dollars he would consider the deal. Joe declines saying it is not enough money. That's when Robert Herjavec jumps in and offers $2,000,000 plus a 10% royalty for a 100% stake. Joe Moore comes back saying he would consider selling with royalty such as 10% attached but it would take more money. Sell First Defense Nasal Screens with a Royalty? Daymond counters with 1 million dollars for 30% equity and a 10% royalty to recoup the original investment. Kevin replies with a proposal for a million dollars outright to buy the company, and Joe says no. Mark quickly offers to go in with Kevin on the deal.ĭaymond comes in with his offer of $800,000 for 30% and then a 10% royalty. Kevin O'Leary initiates the battle offering $500,000 with a 15% royalty until he recoups his investment along with 20% equity. Soon, a bidding war goes crazy with three of the Sharks ultimately coming together on Shark Tank. The only Shark to go out is Barbara because she focuses on the difficulty marketing First Defense Nasal Screens, but this product sells itself especially in other countries. Bidding war for First Defense Nasal Screens He initially contacted the drug companies who said they would buy and shelve First Defense Nasal Screens because it would cut into their profit margins from the drugs they sell to cover illness. They also have monthly memberships that ship every month. Joe is doing business with people who have allergy issues and who deal with chemicals. Joe presents his order for $8,000,000 to the Sharks proving he has the business to back up his position and causes a battle to between Sharks vying for the deal.įirst Defense Nasal Screens are patent protected in multiple countries, and he only needs the money for raw material purchases upfront. First Defense Nasal Screens Selling Like Crazyįirst Defense Nasal Screens are selling like crazy in places like the United Arab Emirates and Saudi Arabia where airborne particles such as sand are a significant issue. You hold it on the back side with your finger and maneuver the screen into place covering your nostril. Yes, you see the filters covering your nostrils, but the alternative is wearing a full face mask.Īpplying the First Defense Nasal Screens are similar to putting on contacts. The nasal screens eliminate up to 99% of the foreign bodies coming through as a person inhales and opens to allow full exhale. ![]() Mark changes his tone quickly when he learns how many units are already committed and why people use nasal screens. Joe Moore knows he has a winner walking into the Shark Tank despite being ridiculed by Mark Cuban in the first few seconds of his pitch. The nasal screens are not likely to catch on in the United States but are a sure bet in other places such as the middle east. Screens are designed to let air through while keeping pollutants out, making First Defense Nasal Screens a logical solution to keep bad things out of our nose. Other companies on this episode are: ToyGaroo, Wake n' Bacon, and Vurtego Pogo Sticks
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