On the first episode of Shark Tank season 4 Derek Pacque was the first entrepreneur to step in the shark tank with his solution to bad coatcheck systems. Coatchex is a coat check service that is simple and easy to use. It’s a ticket-less coat check system that takes a picture of the coats owner when they check it in, this way the employee can verify that they are giving the coat back to the proper person when returning the coat.
Daymond didn’t feel Derek knew enough about the space and didn’t like the evaluation. Kevin didn’t agree with the seasonal aspect of the business and stepped out. Barbara thought it took to long and stepped out. Robert was interested but wanted a better deal, Derek came back with $200k for 15% but Robert declined. Mark was the last shark in and made one last offer of $200k for 33%. Derek countered with $200k for 20% and mark declined.
PROPOSED DEAL: $200,000 for 10% stake.
OFFICIAL WEBSITE: www.coatchex.com
WATCH THIS EPISODE: Shark Tank Season 4 Episode 1