Cheryl Rigdon created the Spatty to get al the makeup product out of her bottles. She has never started a business before and is seeking help from the Shark Tank. The Spatty is a money saving tool that goes where the typical spatula will not go.
The Spatty Daddy is a spatula to get all your product out
Cheryl has prototypes in Shark Tank which solve the problem of products having twenty-five percent waste, according to Consumer Reports. She tried selling a couple on eBay. She sold fifteen for $2.99 for the Spatty and $3.99 for the Spatty Daddy. Her customers liked them.
She priced out molds at $7,000 for the Small mold and $9,000 for the larger mold.
Pure Gold is what Kevin says, by being able to get the product out. And, the Sharks think people will use it. You can buy the Spatty on Amazon.
Company: The Spatty
Entrepreneurs: Cheryl Rigdon
From: Eastland, South Carolina
Ask: $50k for 40% equity
Season: Season 4 Episode 405
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Lori Greiner, Robert Herjavec
Other companies: Cozy Bug, Wired Waffles, Marz Sprays
First Aired: 10/11/2012
Deal: No Deal
What do the Shark Tank Investors say about The Spatty Daddy
Mark Cuban thinks Kevin is somewhat right, not always right. Cheryl has a product, not a company yet, and he is out.
Daymond John says the Sharks are in love with Cheryl, but she is too early, so he is out. Daymond does offer to give her the number of two makeup companies.
Kevin O'Leary thinks she has a great product, and how to use it, but Cheryl hasn't brought a marketing plan on how she intends to get it into a hundred million households, and for that reason, he is out.
Lori Greiner thinks it is too inexpensive for QVC but sees it as a promotional item. She does love Cheryl. She doesn't think it is the right product for her right now, so she is out.
Robert Herjavec thinks Spatty Daddy could be brilliant or could be dead. He believes the difference is Cheryl and how she takes it to the market. He has no doubts about her, but he does about Spatty Daddy, so he is out.
the Spatty Daddy after Shark Tank?
Cheryl works full time on her product the Spatty. Daymond John continues to help Cheryl out with marketing and business support through email. He has created excellent business connections for the Spatty and Cheryl.
Packaging is fantastic for the Spatty, and she extended into niche product uses making her products even more appealing to consumers. She identifies them by a handyman, crafting and kitchen sets. And, she is using social media and her website for maximum marketing return on investment.
Congratulations to Cheryl on her success.
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