Joan Pacetti and Julia Schmid, entrepreneurs and sisters, walked into Shark Tank to pitch their product and company, Cookie Dough Café. They asked the Sharks for a $50,000 investment for 20% equity in their company.
The Cookie Dough Cafe is cookie dough that you can eat straight out of the container. No more are the days of having to bake cookie dough or eat it raw which is bad for you. It is gourmet cookie dough that is made to eat without baking.
Both Daymond and Mark believed it was too early to invest in the company. Kevin was very critical of the company, saying it is a bad idea and that it is more of a hobby than a business.
Lori and a new guest Shark, Steve Tisch, liked the product and wanted to combine efforts. Together they made an offer of $100,000 for 40% equity. The sisters countered with their original offer causing Lori and Steve to lower their equity to 30% for $100,000. They could not refuse the help of two Sharks and accepted the offer. If you or anyone you know has an idea and needs help, please contact us at New Product Consulting.