When you cook meat, you’ll need marinade injectors and pump basting brush tools so that juices and tasty flavors can permeate the meat. If there’s a single tool that can perform multiple tasks, then Marian Cruz presented her product, Turbobaster, a battery-operated tool, with this idea in mind. She appeared on Shark Tank Season 1 and asked the Sharks for $35k for 30% equity.
Her product is at the non-working prototype stage, what do you think? Will the Sharks invest in this business idea? Let’s find out. And also, what happened to Turbobaster after Shark Tank?
Company Name | Turbobaster | |
Founder/Co-Founder | Marian Cruz | |
Founded | 2007 | |
Product | All in one battery-operated tool | |
Asked For | $35K for 30% equity | |
Final Deal | $35k for a 2% royalty and a 100% stake | |
Shark | Kevin Harrington | |
Episode | S1 E3 | |
Air Date | Aug 23th, 2009 | |
Business Status | Out of Business | |
Website | Visit Website | |
Headquarters | Fremont, California, United States | |
Lifetime Sales | N/A *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Turbobaster Shark Tank Recap
Marian pitched her idea to the Sharks, but apart from that, she lacks any knowledge related to the manufacturing cost of her product, market size, or scaling the business. Because of this, Kevin O’Leary, Robert Herjavec, and Barbara Corcoran declined to invest in her business.
Kevin Harrington, who has worked extensively with kitchen products, saw potential in Marian’s product. He offered $35k in exchange for 100% stake in the company, along with a 2% royalty on profits for Marian.
Daymond John offered $50k for a 2% royalty and a 51% stake. However, Marian decided to go with Kevin’s offer.
Sharks Offers list!
Sharks | Offers |
---|---|
Kevin Harrington | $35k for a 2% royalty and a 100% stake |
Kevin O’Leary | No Offer |
Robert Herjavec | No Offer |
Barbara Corcoran | No Offer |
Daymond John | $40k for a 2% royalty and a 51% stake $50k for a 2% royalty and a 51% stake |
Founder’s (Countered) | No Counter |
Final Deals | $35k for a 2% royalty and a 100% stake |
Turbobaster Shark Tank Update
After completing our research on “Turbobaster Shark Tank Update,” we found out that the product has not been brought to the market, and no information related to this business has been provided on Harrington’s website. It appears that this business has now been shut down.
Marian’s dream was to bring her product to the market for sales, however, that couldn’t happen, and the company has shut down.
For updates on other businesses from Shark Tank Season 1, visit the post link provided below.