Shark Tank Season 16 Episode 6 Pitches
Shark Tank Season 16 Episode 6 offered audiences with every element of an ideal Shark Tank episode. Engaging presentation, emotional pitch, funny Shark banter, competitive bidding – it had it all. Raising Cane’s founder and guest investor from the second episode, Todd Graves, returned with new offers and advice for entrepreneurs.
The sixth episode also stood out due to the variety of products brought by entrepreneurs. The varied range showcased a revamped Ping Pong game, a portable backyard bar, a clothing venture, and a foam cooler. Each of them presented diverse ideas and new perspectives of Shark investors regarding their investment.
Aired on November 22, the pitches saw arguments and funny interactions between the Shark investors in their attempt to bag a deal. While the entrepreneurs tried to counter the proposed deals, the investors managed to convince them to take the offer as it was. This could be seen through loan offers and higher proposed valuations.
The update segment of this episode of Shark Tank was Tik Pik, which appeared in the fifteenth season.
Keep reading to learn about all the pitches, entrepreneurs featured, update for the day, and a brief overview of the Guest Shark in the episode.
Shark Tank Season 16 Episode 6 Pitches
The latest Shark Tank episode demonstrated the clever, thoughtful, and business-savvy approach of entrepreneurs through their style of pitch presentation. Additionally, the many ideas showed how the most simple products, like a Ping Pong game, can bag deals through the infusion of innovation.
Pepper Pong
A Mile High City-based entrepreneur, Tom Filippini, tried his luck with the first pitch of the sixth episode of Shark Tank Season 16. Pepper Pong is a portable version of Ping Pong, but the entrepreneur has tried to make it better by removing the need for a dedicated table. It can work on any flat surface.
Tom approached the judges, seeking $150K for 10% equity in the Pepper Pong Shark Tank pitch.
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Taverns-To-Go
The entrepreneur duo of Paul Convey and Enda Crowley appeared in front of the judges on Shark Tank with Taverns-To-Go. The portable backyard drinking bar offering is a result of the amalgamation of drinking and construction. The Taverns entrepreneurs stated that the idea came out of their Irish ingenuity.
The entrepreneur duo approached the judges, seeking $400K for 10% equity with Taverns on Shark Tank.
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Kaans Designs
The husband-wife entrepreneurial couple of Kenny and Ashley Green presented Kaans Designs as the third pitch of the episode. Their company presents a t-shirt range with descriptive terms like ‘the remix,’ ‘mic drop,’ and ‘the encore.’ The Shark investors were touched by the backstory of the entrepreneurs.
Ashley and Kenny entered the show, seeking an investment of $75K for 15% equity in Kaans Designs.
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Foam Cooler
David Kittle and Chad Lee, an entrepreneur duo, went to the Shark Tank judges with Foam Cooler. According to David and Chad, their company provides users with a solution to keep their drinks cold in a simple and functional way. Further, the Foam Coolers entrepreneurs claimed it can be taken to beaches, parks, or boats.
The duo made their way to the judges, seeking $150K for 10% equity in the Foam Coolers Shark Tank pitch.
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Entrepreneurs Featured In Shark Tank Season 16 Episode 6
The sixth episode of the sixteenth Shark Tank season offered viewers with the most wholesome pitches. Each of them added a new touch to the ongoing season with the unique quality brought by entrepreneurs hailing from different backgrounds.
While Tom Filippini and Ashley Green caught the Sharks’ attention with their backstories, the entrepreneur duo in Taverns-To-Go and Foam Cooler got a deal due to their innovative ideas.
1. Tom Filippini
Business Name: Pepper Pong
Product:
- The company offers users a portable version of the traditional Ping Pong game, which can be played by people of different ages.
- As per Tom, it can be used on any flat surface and does not require users to have a table.
- Its different varieties include low-bounce jalapeno, medium-bounce jalapeno, and ghost pepper.
Deal Status: The Pepper Pong Shark Tank journey ended with a deal, which was secured by Tom Filippini from Todd Graves. While Tom received offers from Daymond John as well, he decided to go ahead with Todd’s offer of $150K for 19% equity.
Net Worth: According to Tom Filippini, the projected net worth of Pepper Pong ranges between $600K-$800K.
2. Paul Convey and Enda Crowley
Business Name: Taverns-To-Go
Product:
- Taverns-To-Go presents a portable backyard bar to allow users to have a good time with friends and family in the comfort of their homes.
- Paul and Enda claimed in their pitch that the product could be delivered and then assembled within 90 minutes.
- If asked by the users, the entrepreneurs allow an option through which they can add a personal touch to the offering.
Deal Status: The Shark Tank Taverns pitch ended with a royalty deal from Lori Greiner. The deal arrived at its conclusion after a bidding fight between Lori Greiner and Kevin O’Leary. It was finalized for $400K for a 15% equity, along with a $30 royalty for each bar sold till she recouped her $400K and makes $600K.
Net Worth: Paul and Enda claimed during their Shark Tank appearance that their estimated net worth for 2024 is $4 million.
3. Ashley and Kenny Green
Business Name: Kaans Designs
Product:
- As seen on Shark Tank, Kaans Designs offers users a variety of t-shirts with descriptive terms written on them, like ‘mic drop’ and ‘the remix.’
- The entrepreneurs claimed that the idea is to compel buyers to wear matching apparel and click pictures together.
- Having started in 2014, Kaan’s Designs also sells matching accessories with the t-shirts.
Deal Status: The founders of Kaans Designs received their only offer from Guest Shark Todd Graves. After a lot of discussions, the husband-wife entrepreneur duo sealed the deal with Todd at $75K as a loan for 10% equity.
Net Worth: As per Ashley and Kenny, the net worth of Kaans Designs for this year is estimated to be around $280K-$300K.
4. David Kittle and Chad Lee
Business Name: Foam Cooler
Product:
- According to the entrepreneurs David and Chad, their product is the world’s first EVA foam cooler.
- The entrepreneurial duo claimed to offer a functional yet simple way of keeping drinks cold through its sustainable and durable material.
- Due to its lightweight nature, the Foam Cooler can be taken to beaches, pools, parks, and boats.
Deal Status: Although the panelists were initially apprehensive about making an investment, Daymond John and Kevin O’Leary proposed their offers. After thinking about both the offers, the David and Chad ended the Foam Coolers Shark Tank journey with Daymond’s offer of $150K for 30% equity.
Net Worth: With a growth rate of 15%, Foam Cooler’s net worth for this year is predicted to be 1.27 million.
Shark Tank Season 16 Episode 6: Tik Pik Update
The update segment of the sixth episode of Shark Tank Season 16 was focused on Tik Pik, a business that featured in its fifteenth season. In that pitch, Nicholas George and Kevin Mac successfully bagged a deal with Mark Cuban. The offering was an innovative guitar pick company.
Nicholas and Kevin revealed in the segment that right after their Shark Tank appearance, the duo closed a deal with ‘Guitar Center.’ The Tik Pik founders also reflected on their goals for 2025. Additionally, they discussed about their shift of manufacturing facilities from China to the US.
In less than a year of their deal with Mark, Tik Pik has made $700K in lifetime sales. David and Kevin also expressed their gratitude to Mark Cuban, who introduced them to Gemini for Google Workspace.
The segment ended with the Tik Pik entrepreneurs’ piece of advice for aspiring entrepreneurs.
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Shark Tank Season 16 Episode 6: Guest Shark
Todd Graves appeared as a guest panelist in the sixth episode of the sixteenth season. Having previously appeared in the second episode of the ongoing Shark Tank season, the Raising Cane’s founder had made quite an impression with valuable advice for the entrepreneurs. The same was seen in the sixth episode.
As an investor with great convincing power, Todd finalized two deals, including Pepper Pong and Kaans Designs. In Pepper Pong, he tried to convince the entrepreneur by discussing about his previous association with Post Malone.
Meanwhile, in Kaans Designs, he managed to get the entrepreneurs to accept his loan offer by explaining how taking a loan-based deal was better than giving away a larger equity share of one’s business.
Other than the deals made, Todd demonstrated his proactive approach an amicable nature by agreeing to participate in on set game in Pepper Pong and fun banter with fellow judges.
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