The Danoses introduced the TactiBite earlier than the Sharks in 2016, looking for a $150,000 funding in alternate for a ten% stake within the firm. Thanks to some movies and fisherman testimonies testifying to the efficacy of the machine, to not point out how low cost it was to fabricate versus the promote value, the Sharks had been pretty proper off the bat. In truth, the curiosity was so nice that Mark Cuban backed out instantly in order to not get caught up in it.

Daymond John and Kevin O’Leary needed to get on board, however relatively than the proposed deal, they countered with $150,000 for a 20% stake, believing 10% is not sufficient. Lori Greiner went for $150,000 for 15%, already contemplating an infomercial. Suddenly, Robert Herjavec chimed in, providing to take the Danoses’ authentic supply, saying that he cherished their story and that he seen their preliminary valuation as being very reasonable, a rarity for the collection. Lori promptly matched Robert’s supply, saying she did not like him lecturing them. Daymond held agency on his supply, stating that he goes fishing six instances a month and has a greater understanding of the product.

Lori reaffirmed her supply, requesting an instantaneous resolution. In response, Jack Danos requested if she can be prepared to companion up with Robert for the ten%, which she declined as a result of she did not suppose she wanted him. Ultimately, the Danoses determined to go along with Robert’s supply.