Benjamin Stern pitches NOHBO Balls, his water-soluble balls for packaging shampoo and other personal care products, in Shark Tank episode 717. Stern, who is 16 years old, got the idea while watching a video about plastic waste in his 9th grade classroom. He began brainstorming about ways to solve the problem and got inspired by his mother's laundry detergent pods and figured he could put shampoo and other personal products into a similar delivery system.
Essentially, the NOHBO Ball is a small ball with shampoo, conditioner, or soap inside. Each ball contains enough product for a single use. When the approximately one inch diameter ball is put under running water, its membrane dissolves and releases a semi-dry substance that lathers easily with the water. Stern's strategy is to sell his own products inside his NOHBO Balls at first, but he wants to license the technology to large companies. He's starting a test run with some large hotels and hopes to have everything up and running by October 2016.
He tried to get funding on Kickstarter, but he was unsuccessful. Instead, Benjamin got a job, borrowed from family and friends, dipped into his college account and acquired $20,000 in pro bono legal services from an area law firm. After getting a chemist to develop the product, he got several patents. Now, Stern is ready to go into production. He likely wants a Shark to help with distribution and licensing.
Will a Shark get on the ball and invest?
NOHBO Shark Tank Recap
Ben opens with at home segment. He lives with mom and grandma – who he calls Bubbe. Bubbe was his first investor. Ben says his generation takes the environment seriously. Bottled bathroom products are a big source of litter and he wants the Sharks' help to get his products into every store in the USA.
Ben enters with Bubbe and says “hello predators of the sea.” He's seeking $100K for 20% of the business. He says he's changing the way you clean shiny locks. 4 out of 5 people in the USA don't recycle bathroom packages. That waste would fill 1200 football stadiums. With NOHBO, people never have to use plastic bottles for bathroom products again, and his NOHBO balls cost less.
Next, Ben washes Bubbe's hair with a shampoo ball. He needs an investment to license the product. When he hands out samples, Lori breaks a ball apart. He developed the product with help from someone at Clorox's head hunting group. Mark is impressed Ben called him out of the blue. Mark says “a lot of people come on Shark Tank looking for contacts, you made the calls yourself.”
The Clorox guy said he wanted samples, so Ben contacted a freelance chemist and got some made. Mark applauds Ben again for his effort. Right now, they are hand pressing the balls. Ben thinks the patent is defensible. He says NOHBO stands for “NO Hair BOttles.” He's creating a new product delivery system he wants to license to big companies. They currently cost six cents each, but he can get the cost to four cents; he sells them for twelve cents.
Mark says hotels don't want to educate consumers, he thinks Ben should go direct. Lori says never sell something until you license the product. She thinks it's too early; she's out. Mr. Wonderful uses a certain shampoo and thinks the patent is everything, but its a long journey; he's out. Robert says if the patent is real, it's a good deal; he offers $100K for 20% contingent on the patent being granted.
Mark says he loves it and Ben reminds him of himself. He says he has a lot of lawyers and OEM manufacturing expertise with HotTot and Kisstix. Mark will also take over all the accounting, too. He offers $100K for 25%. Robert says it may be the best idea ever in the Tank, but it needs to be sold as a business mechanism. Barbara offers $100K for 20%, contingent on Estee Lauder doing a deal with Ben. Ben thanks everyone and says, “Mark, we have a deal!”
RESULT: DEAL with Mark for $100K for 25%
NOHBO Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on NOHBO and Benjamin Stern as more details become available.
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