Shark Tank USA Season 16 Episode 06

Shark Tank USA Season 16 returned with its highly anticipated Episode 06. Shark Tank USA Season 16 Episode 06 showcased a dynamic lineup of innovative startups, who were ready to pitch their game-changing ideas. The episode was filled with excitement as entrepreneurs passionately presented their groundbreaking concepts and hoped to secure investment and mentorship from the Sharks. As always, the Sharks weren’t easy to impress, they dived deep into each business model to assess the profitability, scalability and growth potential of each startup. The Sharks offered their sharp insights and high expectations with tough decisions to make. Let’s dive into the highlights and see which entrepreneurs walked away with the deals of their dreams.

The panel of Sharks for Shark Tank USA Season 16 Episode 06 includes:

Mark Cuban:  Owner of Dallas Mavericks and the author of How to Win at the Sport of Business 

Lori Greiner: Known for the QVC show Clever & Unique Creations 

Kevin O'Leary: Founder of O'Leary Ventures

Todd Graves: Co-founder of Raising Cane's Chicken Fingers.

Daymond John: Founder, President and Chief executive officer of FUBU

Read More: Shark Tank USA S16 Ep05

Contestant No. 01 of Shark Tank USA Season 16 Episode 06: Pepper Pong

Shark Tank USA Season 16 Episode 06 kicked off with a fantastic, innovative and fun pitch of Tom Filippini, Founder of Pepper Pong.

What does Pepper Pong Foods do?

Pepper Pong is a portable and fun game similar to ping pong. It can be played on any flat surface, which makes it perfect for all ages and skill levels. The game features four paddles, a patented fence and three soft balls designed for different playing styles. The paddles are cushioned to reduce noise and the balls are slow-moving which ensures a relaxed gameplay experience. The game is played with simple rules, where a point is won after each rally and the oldest player serves first. Pepper Pong can be set up on almost any surface like a cooler or car hood for easy anytime play.

What did Sharks say?

Sharks liked the presentation of the founder.

Shark Lori said the game is fun, but it wasn't the right investment for her. So for that reason, she opted out.

Shark Kevin said he liked the presentation but was concerned about margins and further added that he doesn't actually know how to make money, so he passed the deal.

Shark Mark appreciated the founder's efforts in growing the business. But he said that it was a business for Tom but not the right investment for him, so he opted out.

Shark Daymond appreciated the resilience of the founder as he struggled with alcoholism. He liked the startup and offered $150k for 30% stakes and suggested he could help expand the retail side of the business.

Shark Todd appreciated the product of the startup and offered $150k for 25% as he has already invested in pickleball and has a vision for pepper pong.

Tom asked both Shark Todd and Daymond what is their vision for the pepper pong. Daymond said he respects Tom’s slow and steady approach to growing the business and opted out.

The founder negotiated with Shark Todd for 17.5 %, so Shark Todd revised the offer to 20%, but in the end, closed the deal for 19% and joined hands with Tom with the future endeavours of the pepper pong.

Contestant No. 02 of Shark Tank USA Season 16 Episode 06: Taverns-To-Go

The next pitch in line for Shark Tank USA Season 16 Episode 06 was presented by Paul and Enda, Founders of Taverns-To-Go.

 What does Taverns-To-Go do?

Taverns-To-Go specializes in custom outdoor bars, patio furniture and backyard accessories. The company offers a wide range of bars like tiki bars, BBQ grill gazebos and patio bars. All of which can be customized to fit different spaces like under decks or balconies. They sell outdoor pub tables and other patio furniture in addition to bars. The company also provides winterization panels to protect the bar during colder months. Taverns-To-Go offers free shipping to most states in North America and handles both delivery and assembly of their products.

What did Sharks say?

Shark Todd liked the business model but felt other Sharks could better support the founders, so he opted out. Shark Mark and Daymond shared the same view and also passed.

Shark Mark & Daymond said the same thing & opted out.

Shark Kevin liked the business and offered $400K for 33.3% to be the 3rd Partner.

Shark Lori said she could see the vision for the business and offered a royalty deal to gain her investment back and offered $ 400K for 15% plus a $30 royalty per unit sold until she recouped $600K.

The Founder negotiated for $12.5% equity, ultimately accepted Lori’s offer of $400K for 15% equity and joined hands with Shark Lori. 

Contestant No. 03 of Shark Tank USA Season 16 Episode 06: KaAn's Designs

The next pitch in line for Shark Tank USA Season 16 Episode 06 was presented by a couple named Ashley and Kenny Green, Founders of KaAn's Designs

 What does KaAn's Designs do?

KaAn's Designs is a family lifestyle brand. The company offers matching shirts and accessories for everyone in the family, from parents and grandparents to siblings, aunts, uncles, cousins and friends. The brand's mission is to help families celebrate and capture both the big and small moments that matter most.

What did Sharks say?

The Sharks were impressed with the story and concept of the startup.

Shark Kevin said that the startup is a good family business and he doesn't see a need for an investor & opted out for that reason.

Shark Lori said she doesn't have expertise in the fashion industry and felt other Sharks could offer more support and opted out.

Shark Daymond said it is a great business for the founders. He further added that the startup has great potential for it to become a print-on-demand model. So he opted out for that reason

Shark Todd liked the story & the concept of the startup & offered $75K as a loan for 10%.

Shark Mark Said that felt other Sharks could provide better support and opted out.

Shark Todd invited Shark Daymond to join the deal, but Daymond said he could be a mentor to support the founders to grow the business, but would not make any investment.

The Founders offered more equity to Shark Todd to convert the $75K loan to investment, but ultimately accepted the deal & joined hands with Shark Todd.

Contestant No. 05 of Shark Tank USA Season 16 Episode 06: FOAM Cooler

The next and final pitch in line for Shark Tank USA Season 16 Episode 06 was presented by David Kittle and Chad Lee, Founders and FOAM Cooler.

 What does FOAM Cooler do?

FOAM sells a lightweight and durable "day" cooler. It is designed to keep things chilled for events, outings and short adventures. Their product is made with advanced closed-cell EVA foam insulation. It offers excellent durability and impact absorption. It can even bounce back to shape if run over by a car. FOAM is versatile, and space-efficient and features a comfortable seatbelt material carry strap and a one-handed buckle to keep the lid securely closed. It is 100% leakproof and floats on water, which makes it a great eco-friendly choice for your cooling needs.

What did Sharks say?

Shark Lori liked the product & the strategy of the founders but opted out by saying that it wasn't the right investment for her.

Shark Mark said he liked the passion and focus of the founders and the potential of the product. But he doesn't see it as a risk/reward kind of investment for himself. He further added that the founders have to crack the market as the product has a competitive market and opted out.

Shark Todd said the business is not in his wheelhouse. He would definitely be a customer but felt other Sharks could offer better support and opted out.

Shark Kevin Said it is a risk for him to invest in the product as the market is Competitive for the segment of the product. But he offered $ 150k for 33.3% to join as a third partner. He further added that he would take the product to the same distributor who takes care of his Pizza oven business to sell the product faster.

Shark Daymond said the business is relying on other brands to explain their product but decided to take a chance and offered $150k for 30%.

The founder initially negotiated for 17%, then for 25%. But ultimately accepted Daymond's initial offer and joined hands with him.

Conclusion: Shark Tank USA Season 16 Episode 06

Shark Tank USA Season 16 Episode 06 featured some exciting pitches. Each entrepreneur delivered strong pitches and negotiated at best for their businesses. The Sharks didn’t hold back and questioned the Founders on every decision and pointed out their mistakes while offering valuable advice for growth. By the end of the episode, all 4 start-ups secured deals and received important feedback for the future of their business. It’s clear that the journey isn’t over and we’re eager to see what happens next in Episode 07 of Season 16.

Read More: Shark Tank USA S16 Ep04