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| Source: https://www.facebook.com/avatheelephant |
Emmy the Elephant (now Ava the Elephant)
Buy Ava the Elephant on AmazonEntrepreneur: Tiffany Krumins, from Auburn, Georgia.
The Pitch: Emmy The Elephant (now Ava the Elephant), an oral medicine dropper for kids stylized as a playful elephant that talks.
Asking: $50,000 for 15% equity.
Summary: Tiffany is a nanny for a special needs boy with Down's Syndrome. The product was created to help the kid smile and enjoy the process of oral medication.
She does not have a patent yet, but did a search, Kevin's heart is warmed, but also wants to see how you make a profit. Kevin thinks it's just an idea right now, and he would rather invest in a business.
Robert questions whether she even needs the money. She thinks she could make the sale on her own, on a product or a licensing deal.
Daymond sees it as an item, not a business.
Harrington looks for things with a track record.
Barbara thinks Tiffany can make money on this, and loves the product and Tiffany. Her offer is $50K for 55% of the business. She says the numbers need to make sense, or she'll stay awake at night dreaming about when she would get her money back.
The Deal: Tiffany takes the offer enthusiastically. She is excited for Barbara's mentorship, as we all would.
Website: www.avatheelephant.com. You can also find it on Amazon
Updates: It's still around, and doing fantastically.
Ava the Elephant and Flavor X agree to put this product in 40,000 pharmacies nationwide.
Ava the Elephant is now in CVS stores. Projected sales = $2.5 million!
A new product is in the works, called Elephant Thermometer Stickers. Projected sales for the stickers is $1 million.
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