Ride On Carry On Luggage on Shark Tank
Luggage / Stroller combo - Season 2 - Episode 204
|Very Happy Entrepreneur's|
Randy and Darryl Lenz
make deal with Barbara Corcoran
With 99.9% of all luggages made these days you would be absolutely right. But this Ride On Carry On attaches to any wheeled carry-on luggage and instantly transforms it into a travel stroller.
|Ride on - Carry On Stroller|
Attachment for Carry-On Luggage
When Darryl and Randy walked into the Shark Tank they were asking $50,000.00 for a 25% equity stake in their luggage business. Darryl spent the last 27 years as a flight attendant and seen first-hand how this unique product could help thousands of parents while traveling within the airport.
The Lenz's had zero inventory at the time they went in front of the Sharks, but had 2000 unfulfilled orders waiting to be produced. Randy knowing this was Jeff Foxworthy's first appearance on the Shark Tank, came prepared with a Red Neck Joke concerning strolling your kid's around the airport on your luggage which was kind of funny if you think about it.
A few of the Sharks started going out when Barbara Corcoran (mentioned in the video above) decided She had heard enough and offered the Lenz's exactly the investment they were asking for, $50k for 25% of the Business. Kevin O'Leary smelling a lot of money in the air decides to make his own offer of $50k but only wants 20% of the Ride On Carry On Business. But he wants them to stop all their manufacturing and stop selling the luggage/stroller on the website.
Instead, Mr. Wonderful (this was also the first time Kevin ever used his self-appointed name BTW) wants the Lenz's to find him two large luggage manufacturers and he'll close a licensing deal with them. Without much hesitation, Randy and Darryl gladly accept Barbara Corcoran's deal giving up an additional 5% equity.