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Shark Tank USA Season 16 Episode 03
- Shark Tank Season 16 Episode 3 featured four impressive pitches from talented and determined entrepreneurs who presented their businesses to the sharks.
- The first pitch was by the co-founders of Yardsale, who sold ski poles made of clever design and great style for the everyday needs of skiers.
- The second pitch was from Kobe Harris, the founder of Kobeesco, which sells 100% natural skincare products and sought $300k for 6% equity.
- The third pitch was from Aliyah Marandiz, the founder of Sugardoh, which sells alternatives for painful hair removal from waxing.
- The final pitch was from Kimy, the founder of Doatnut, which sells gluten-free, dairy-free, and sugar-free donuts.
- Shark Lori opted out of the Yardsale deal, while Cuban, Daymond, and Kendra opt out of the Sugardoh deal due to the high amount of debt.
- Shark Kevin suggested Kimy increase the price of the Doatnut to $4.99 and commented that Kimy has a great product but needs a scalable business plan.
- Sharks Cuban and Lori offered a deal of $150k for 30% equity for Doatnut, which Kimy negotiated to $200k for 20% equity.
- Kimy joined hands with Sharks Cuban and Lori and closed the final deal.
- The episode gave viewers an insight into interesting startups from different states in the USA, with two out of four contestants getting deals.
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