Transcript of Barbara Corcoran's First EVER Shark Tank Deal | Shark Tank Firsts | CNBC Prime
CNBC Ambition
0:01my name is tiffany crumans i'm from0:02auburn georgia i'm asking you ladies and0:05gentlemen for a 50 000 investment0:08in turn i'm offering you 15 of equity in0:10my company0:12for the past two and a half years i've0:14worked with a little boy named gibby and0:16i'm his nanny he has down syndrome0:19and because of that he gets ear0:21infections a lot0:22it came time to take out that medicine0:24dropper every time and gibby would go0:27from0:28angel to pro wrestler i mean he just0:31did not like the process so0:34i thought to myself there has to be a0:35better way to do this so0:37i'd like to show you emmy0:41this is her0:43you take the medicine dropper out0:46you suck up the right amount of medicine0:49put it back in0:52and you would approach your kid and you0:54would or the child you're watching0:56and you press the button0:59this is a saying i came up with on my1:01own she says one two three open wide and1:03then she tells them a good job1:05and as you're doing that you1:07press it out in their mouth and it works1:09every single time i don't care what your1:10kid hates they will open their mouth and1:13smile and it will work this is a1:15homemade prototype and i'd like to hand1:16these out to you guys1:18it's only for ear drops no no sir he had1:21ear infections so we had to take1:23medicine orally it's for oral yes it's1:25all for oral any medication but you1:27could i guess yeah but doesn't the child1:30at some point look at that elephant and1:31say that elephant gives me a lot of bad1:34medicine and get unhappy with well i had1:37an idea about that don't give him one1:41but do you think that would happen after1:42a while they'd associate this snow with1:44just a lot of ill-tasting stuff well1:46they associated already with a medicine1:48dropper so i assume no i think they1:50could eventually like this and it's not1:52ill-tasting anymore they flavor it they1:54can make it cherry they can make it all1:55it's not really the flavor so much it's1:57the process listen first of all i just1:59want to say2:00it warms my heart to see that you care2:02so much2:04but how do i personally profit from it2:06in my mind there's no place for me in2:08this equation you mean you're not2:10putting your money up2:11no tiffany i'm out2:14but tiffany do you really need my 50 0002:17absolutely why2:19in order to do the things that i need to2:21do next the patent the prototype i think2:23you could walk into one of the big2:25companies make a sales call2:28go through what you did here because you2:30did a great job with it2:32and make the sale and work at a2:33licensing deal and you're done2:36maybe i might be able to do that for2:38that reason i'm out2:41you know what i like the idea i like you2:44but it's an item it's not a business2:48i'm out2:53i look for things that have a little bit2:55of a track record um2:57you know by the time you get done2:58tooling this and getting the samples and3:00the molds and the engineering the3:02patents and all of that that's going to3:03take some time and obviously some money3:06although i think it might be able to3:08work i have to say i'm out3:12four sharks are out3:14barbara is tiffany's only remaining3:16chance to bring her dream of emmy the3:18elephant to life3:21tiffany i like to speak up3:24because i love this idea okay and as3:26much as i like the product i love you3:28the problem i have with the deal3:30is it's too rich3:33153:3450 0003:36i have to like dream at night and hoping3:38to get my money back long term but if3:40you're willing to give me the majority3:42share of your business and i'm a good3:44guy to be in business with if you could3:46give me 55 of your business i'd be very3:49happy to hand you over that fifty3:50thousand dollars what happened to all3:51the love i love this lady3:54the numbers gotta make sense so the3:55numbers for me makes sense at that3:57different3:58point tiffany i've made you a good offer4:01i really believe genuine offer what are4:04you going to do about it do you want it4:0750 000 for 554:11is there any way to talk you down4:17i'm trying to play hardball can you tell4:19am i doing a good job not good at all i4:22know i'm just what your charm is by the4:23way i'm not good at that4:27well i'd understand completely that one4:29of the most important parts of this4:31whole process4:32is what you all know where you've been4:34how far you've gotten the connections4:36you have so4:37that to me means really more than the4:40money i mean there's ways to get the4:41money4:45[Music]4:47you know what i'd love to take your4:48offer4:49i'm so happy we're going to make money4:51on this together all right great4:53you're going to like me a lot more than4:54i am4:56they were actually all very nice to me4:58though they didn't give you the money4:59they didn't so i guess they weren't too5:00nice were they very happy5:03the golden ticket goes to my favorite5:05product i've made you a good offer5:07that's what i'm talking about that is5:09the winner riding all the way to the5:10bank5:11[Music]5:12you've come to the right place
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