On the sixth episode of Shark Tank season 4 Jim Tselinis & Sabin Lomac were the first entrepreneurs to step into the shark tank with her product Cousins Maine Lobster. A mobile lobster food truck that takes lobster from Maine to the streets of southern California.
Mark Cuban was the first shark out – he didn’t like that he had to ask the same question twice. Kevin O’Leary wasn’t interested and went out. Daymond John asked for a better offer feeling the evaluation was too high. They countered back with 7-8% and Daymond John went out. Robert Herjavec wanted to invest $55k for 25% and Barbara Corcoran jumped in with $55k for 17%. Robert threw out another offer of $100k for 25%. After more discussion Robert Herjavec decided to remove his offer and they countered $55K for 15% towards Barbara.
PROPOSED DEAL: $55,000 for 5% stake.
OFFICIAL WEBSITE: http://www.cousinsmainelobster.com
WATCH THIS EPISODE: Shark Tank Season 4 Episode 6