ScreenMend is the easiest way to patch a screen. Brian tried to put a patch on the screen, and Lily used wax that she cleaned off the table to get the screen patch to fix. They take a patch and use a hair dryer to heat the was holding the patch in place.
ScreenMend cost $.31 to make, and sells for $6.95. The packaging costs $.53. They have sold 750 units coming into Shark Tank.
They have a provisional patent, and hope to grow big enough to get a utility patent. Brian has not searched to see if any patents exist for the business.
They want to work on their packaging, and want to use the $30,000 for packaging so that they can bring it into retail.
Screenmend Episode Data
- Company: Screenmend
- Entrepreneur: Brian, Emma and Lily Hooks
- Ask: $30,000 for 25% equity
- Episode Season 5 Episode 504
- Companies in this episode:
- Mark Cuban
- Daymond John
- Kevin O'Leary
- Lori Greiner
- Robert Herjavec
- First Aired: 10/11/2013
- Deal: Lori Greiner $30,000 for 50%
What do the Shark Tank Investors say about Screenmend?
- Mark Cuban – talked about starting with stamps. He is not going to let them not get a deal. He is giving them $30,000 for 25% equity. Lori stops Mark, and tells them she is going to make an offer.
- Daymond John – thinks the product is great, and he wants to do the deal. The challenge is they need the knowledge and he does not have the time to help with education. He is out.
- Kevin O'Leary – says the business is too small to invest, and it tucks at his heartstrings. He is out.
- Lori Greiner – make them an offer. She loves what they have done, and it appears nobody else has done. She wants to take over the manufacturing and get it into Bed, Bath and Beyond. Lori wants to do the deal with Mark, and she wants 50% of the company for the same $30,000 and Mark will not change his deal.
- Robert Herjavec – tells them they have done a great job, but he doesn't see how he can invest today and grow their business. He is out.