Maurice Bachelor and Joel Griffith enter the "Shark Tank" seeking $150,000 in exchange for 10% of Bot-It. Their low-frills pitch mainly consists of hypotheticals and short videos, which seem to do relatively little in the way of educating some of the less tech-savvy investors about what their product actually is. Barbara Corcoran has to practically pull the modern definition of a "bot" out of them, and only partially succeeds.
Despite its $30,000 in sales in three months, Corcoran goes out, as does Lori Greiner, both of them citing a lack of experience with this space. Interestingly enough, Kevin O'Leary exits on moral grounds, feeling as though the concept of bots is too controversial to put his name behind, despite the fact that the product is pitched as giving the everyday consumer the ability to compete.
Bot-It still has a chance to catch two of the largest fish, as Mark Cuban and guest-shark Michael Rubin show interest in investing. Cuban opens by asking for 20%, which Rubin attempts to join in on. Cuban initially declines, however, lightly offending Rubin. Once the entrepreneurs express their preference for two sharks, however, the two billionaires come together and negotiate a deal of $300,000 for 30% (15% each). Bot-It accepts, marking the first deal of the episode.
