Naturally Perfect Dolls Shark Tank Pitch
Naturally Perfect Dolls wants to change the standard of beauty one doll at a time, letting girls know they can be who they want to be. Multi-cultural children are in the majority, but the toy industry doesn't recognize this according to Jason and Angelica Sweeting.
Kevin O'Leary states that the multi-cultural dolls has been attempted by the big toy manufacturers and the small manufacturers. They claim their results on KickStarter validate their business when they hit their goal of $25,000 in 24 hours.
His child expressed feeling she would never be beautiful because she doesn't have yellow hair and white skin. She constantly sees white dolls, so they searched for a doll that would be a positive influence. They could not find one, so they created the Angelica Doll selling at $85 and cost at $35 for a production run of 1,000.
They have contacted another toy manufacturer that will cut their cost to $10.51.
Naturally Perfect Dolls Episode Data
- Company: Naturally Perfect Dolls – Website
- Entrepreneurs: Jason Sweeting and Angelica Sweeting
- Ask: $200,000 for 20% equity
- Episode Season 8 Episode 812
- Companies in this episode:
- First Aired: 01/06/2017
- Deal: No Deal
What do the Shark Tank Investors say about Naturally Perfect Dolls?
- Mark Cuban – thinks the vision wanting to see their dolls is not focused on the money, but he thinks they are not focused enough for him. He is out.
- Daymond John – is on the fence because he resonates with them because he has three girls. Daymond gives them an offer for $200,000 for 33.3% equity. They asked Daymond to back down to 25%.
- Kevin O'Leary – says the good news is the toy industry has been concerned about the doll being replaced by technology, and it hasn't happened. He lived the toy business, and he did not love it in the end. He is out.
- Lori Greiner – thinks the doll is great, but Mattel came out with a line of diversity dolls. She feels that they have a long road to climb and she is out.
- Robert Herjavec – thinks that the challenge is big companies can create in mass volume and they are not able to do this. He is out.