Last into the tank is Krista Woods of GloveStix, seeking $150,000 for 10 percent equity.
GloveStix takes the stink out of athletic gear. After games, the GloveStix and ShoeStix deodorizers are placed into gloves and shoes, which eliminates odors and absorbs moisture. According to their website, the deodorizers should be replaced every three months and “the antimicrobial protection in the stix will inhibit 99.9% of odor causing bacteria growth for a 10-year period.” They cost $29.99 individually, while a combination pack costs $69.99.
Guest shark Alex Rodriguez wishes he had had some GloveStix for his former teammates, while Kevin O’Leary wonders why people wouldn’t just use cedar. She explains that cedar doesn’t kill bacteria. In a year and a half, they have done $506,000 in sales. They have appeared on QVC.
O’Leary doesn’t agree with the valuation and goes out. Rodriguez is inspired by Woods’ story but wonders how she intends to scale the business. She hopes to hire more people for sales. Mark Cuban and Barbara Corcoran worry that she’s too much of a perfectionist since she’s yet to build out her team and go out.
Lori Greiner likes that she’s taken the time building her team and offers to partner with Rodriguez at $150,000 for 20 percent. Rodriguez agrees as long as Woods stays open-minded. She counters 15 percent, which they counter at 17.5 percent. She accepts.
Social Media Reacts to GloveStix’s Appearance on “Shark Tank”
— JenLamparek (@JenLamparek) November 6, 2017
— Chris Toplack (@christoplack) November 6, 2017
— Amy Naas (@AmyNaas) November 6, 2017
— Elsa❤️#Troublemaker (@Elsa050467) November 6, 2017
— Deb Silverberg (@CommunityDeb) November 6, 2017
— Alex Rodriguez (@AROD) November 6, 2017
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.
Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.
Would you try out GloveStix? Sound off in the comments section below!