Mike Quinn brings his product, the Buffer Bit to shine his shoes. The Buffer Bit doubles as an automotive detailing product. He is pitching his product in Shark Tank in Season 5.
Buffer Bit is nine months old in Shark Tank pitch
The Buffer Bit costs $19.99, and the cost is $9.00. Mark wants to try the polisher on his shoes. He uses it on Daymond’s head while he is at it.
They have a provisional patent and have been selling for nine months. Buffer Bit sales to date are $30,000.
Company: Buffer Bit
Entrepreneur: Mike Quinn
Ask: $75k for 25% equity
Website
Companies in this episode: Revolights, Squeeky Knees, U-Lace
Season: Season 5 Episode 519
Sharks: Mark Cuban, Robert Herjavec, Kevin O’Leary, Lori Greiner, Robert Herjavec.
First Aired: 03/07/2014
Deal:
What do the Shark Tank Investors say about Buffer Bit
Mark Cuban likes the product, but once again, this is not a business. There is no structure, and he doesn’t see a clear path to getting a return on his investment, so he is out.
Daymond John doesn’t see the application, so he is out.
Kevin O’Leary is a member of a secret society of Burban drinkers. They have a Tastevin that has to be polished to get in. Kevin thinks he could shine his Tastevin. He is a buyer, but as an investor, he is out.
Lori Greiner doesn’t know enough about how many men shine their shoes. People are going more casual, so she is out.
Robert Herjavec says Kevin O’Leary is full of crap. No matter how successful you get, it is always the little things that count, until you become as wealthy as Mr. Cuban, then you can be a slob. I don’t know at this point if you have developed the market enough, I am out.
Buffer Bit after Shark Tank
Buffer Bit has a complete website that is online selling today.
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