Cyndi Lee hopes to grab a Shark to invest in her business, SafeGrabs, an 8-in-1 microwave/home product that functions as a microwave oven mitt, place mat, trivet, potholder, jar opener, utensil rest, splatter guard and food cover. Cyndi originally named the product the Micro Easy Grab, but she changed the name to reflect its broader uses as a product.
Cyndi won a QVC contest back in 2015 and sold out when she appeared. She did so well, QVC invited her back. Earlier in 2016, she appeared on the Steve Harvey show in his Passion Project segment. She won that contest, too and got $5000 to develop the product further.
It sells on Amazon for $12-$15. Cyndi wants to go beyond online sales and get into Target, WalMart, and other big box stores. To get a purchase order at these kinds of retailers, she needs money to make product. She likely needs a Shark to help with purchase order financing.
Will a Shark grab this deal and run with it?
SafeGrabs Shark Tank Recap
Cyndi will pitch the panel of five Sharks on the business and its prospects for growth. She’ll need to convince Mark Cuban, Barbara Corcoran, Kevin O’Leary, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but she’ll need to show them SHE is capable of running the company to “Shark standards.” A full pitch re-cap on SafeGrabs will be available on Shark Tank Blog once this episode airs.
SafeGrabs 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 SafeGrabs and Cyndi Lee as more details become available.
Posts About SafeGrabs on Shark Tank Blog
SafeGrabs Company Information