Credit: Shark Tank ABC
Investors On Shark Tank Season 16 Episode 3
Shark Tank Season 16 is creating new waves in the reality television world since its pilot episode. The third episode was yet another captivating ride loaded with innovative ideas and inspiring entrepreneurial stories. The return of a billionaire Guest Shark further kept the audiences hooked.
Shark Tank Season 16 Episode 3 showcased a range of products, including magnetic ski-poles, lip balms, hair removal sweeteners, and sweet delicacies. Having premiered on November 1, the episode brought back Kendra Scott as the third Guest Shark of the season.
The episode began with a short preview of what it had in store for the Shark Tank viewers. Its focus was on the passion, tenacity, and dreams of the entrepreneurs who came pitching in the third episode. The preview clip also introduced Kendra Scott as the Guest Shark for the day.
Just like the previous two episodes of the season, the third one also offered four pitches. While some bagged deals, others fell short. Bringing her previous Shark Tank experience into play, Kendra, too, made a deal.
Apart from these, the episode update offered the audiences a flashback to ‘Glove Wrap,’ which appeared in Season 15.
Below given are detailed insights into the pitches, entrepreneurs featured, and updates for the day.
Shark Tank Season 16 Episode 3 Pitches
From winter sports equipment to cosmetics and food and beverage to cosmetology, the third episode of Shark Tank Season 16 showed four products from completely different industries. Each of the four pitches offered audiences intense negotiations, fun pitches, and thrilling deals.
Yardsale
The episode began with the Yardsale pitch, which was brought to the show by the entrepreneur duo of Kelly McGee and Cristina Asbaugh. Launched six months ago, the company offers a line of magnetic ski poles with modernized features that meet the needs of recreational skiers.
Kelly and Cristina appeared before the Shark Tank investors, seeking $200K for 10% equity.
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Kobee’s Co.
Kobe Harris, an aspiring doctor turned entrepreneur, appeared in front of the judges on Shark Tank Season 16 with Kobee’s Co. Through an engaging pitch, he explained that the natural skincare brand offers 100% natural, handmade, and sustainable lip balms that not only lock moisture but also trust and transparency.
The Gen Z pitcher entered the show seeking $300K for 6% equity in his company.
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Sugardoh
The Sugardoh pitch presented an ancient hair removal technique with its intriguing hair removal sweetener. Pitching the product as a compostable alternative to waxing, its founder, Aliyah Marandiz, claimed that the all-natural sugar-based dough, made from sugar, water, and citrus, gently pulls hair from the root while exfoliating the skin.
Aliyah made her way to the Shark investors, seeking $500K for 5% equity in the company.
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Doatnut
The final pitch of the third episode offered viewers with ‘Doatnut,’ a brand that offers a healthy version of a guilty pleasure. Hailing from California, its founder Kimy Aguirre presented a range of Doatnut products that were free from dairy and gluten and contained less than one gram of sugar found naturally in sweet potatoes.
The entrepreneur entered Shark Tank Season 16, seeking $100K for 10% equity.
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Entrepreneurs Featured In Shark Tank Season 16 Episode 3
Keeping up with the buzz created by the first two episodes, the third one showed a multirange of business ideas brought to the Shark investors by diverse entrepreneurs. From bakers to product designers, the episode helped viewers come across the vision, business ideas, and negotiation abilities of different pitchers.
1. Kelly McGee and Cristina Asbaugh
Business Name: Yardsale
Product:
- Yardsale offers a line of magnetic ski poles with modernized features that meet the needs of recreational skiers.
- Its innovative ski poles blend clever designs and great style for the everyday skier.
- The company offers users the option to mix and match between five colors on the Yardsale website to create custom pairs.
Deal Status: While initially hesitant to make an offer, Kevin O’Leary and Guest Shark Kendra Scott engaged in an intense bidding war. This was followed by many offers and counteroffers, and the entrepreneurs finally reached a deal with Kendra Scott.
Net Worth: The current net worth of Yardsale is around $3.6 million.
2. Kobe Harris
Business Name: Kobee’s Co.
Product:
- Kobee’s Co. offers its users 100% natural, handmade, and sustainable lip balms.
- Lip balms by Kobee’s Co. contain beeswax, sunflower seed oil, mango butter, and coconut oil.
- Other than lip balms, the brand offers a lotion bar, lip scrub, cuticle butter, and even a hand salve.
Deal Status: No Deal
Net Worth: The latest update about the net worth of Kobee’s Co. is that it is growing rapidly, with a current value of over $7.8 million.
3. Aliyah Marandiz
Business Name: Sugardoh
Product:
- An alternative to waxing, Sugardoh offers a hair removal sweetener that gently pulls hair from the root while exfoliating the skin.
- Made up of natural ingredients, the thoughtfully curated product is made from sugar, water, and citrus.
- As per Aliyah, Sugardoh is like a taffy-like goop, similar to caramel, and made with the same ingredients.
Deal Status: No Deal
Net Worth: Having launched four years ago, as of 2024, Sugardoh’s net worth has reached a whopping $8.78 million.
4. Kimy Agguire
Business Name: Doatnut
Product:
- Doatnut offers a range of sugar treats that are free from dairy and gluten and contain less than one gram of sugar found naturally in sweet potatoes.
- Churro, a cinnamon-based Doatnut, is one of the most popular flavors of the brand.
- Donuts’ five main ingredients include groats, sweet potatoes, egg whites, Monk fruit, and baking powder.
Deal Status: Although the other Shark investors raised conerns, the entrepreneur secured a deal from Lori Greiner and Mark Cuban for $200K at 30% equity.
Net Worth: Doatnut’s net worth has gone over $974K by 2024.
Shark Tank Season 16 Episode 3: Glove Wrap Update
The update of the episode was centered around ‘Glove Wrap,’ a business that appeared in the fifteenth season of Shark Tank. Having bagged a deal from Mark Cuban and Michael Rubin, it has been going strong with a substantial rise in sales. The founders also talked about their social media win.
Further, they emphasized how Michael helped them become the official glove rep of Major League Baseball. The update clip also presented bytes of Mark and Michael talking about the company.
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Shark Tank Season 16 Episode 3: Guest Shark
Kendra Scott is not a fresh name on the Shark Tank investors’ panel. With previous appearances in the twelfth and fourteenth seasons, she has cemented her role as a Guest Shark. Her stint on Shark Tank Season 16 showed her empathetic and competitive side, and she invested based on rationale.
Apart from this, even if she did not make a deal, she offered valuable advice to the pitchers in the third episode. Entrepreneurs also expressed their admiration for Kendra and how she has been an inspiration to them.
Kendra’s deal with Yardsale founders showcased her impressive negotiation skills and business understanding as a Guest Shark.
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