Little Burros fixes a common gardening problem. This tray snaps onto the top of your wheelbarrow, providing a surface for your drinks, tools, and more. Father-daughter team Bob and Mollie Thorsen brought their family business to the tank in Season 11 to find funds to expand their product line. Will the sharks latch onto this idea? Take a look at our
Shark Tank Little Burros Update
- Entrepreneurs: Bob Thorsen and Mollie Thorsen
- Business: Wheelbarrow tray to hold drinks and tools
- Ask: $250,000 for 10% equity
- Result: No deal
- Shark: None
The Thorsen family invested $1 million of their own money to get this product off the ground. They came to the tank seeking outside help. Every aspect of the Little Burros try is patented with utility and design patents.
Barbara Corcoran was the first to speak up. She said that she was an avid gardener, but she didn’t use a wheelbarrow. She went out because she can’t relate to the product. Mark Cuban went out next because he didn’t have an interest in gardening.
Daymond John knew nothing about the business, so he went out. Kevin O’Leary liked the product and made a swift offer: $250,000 plus a royalty of $7/unit until he made $500,000 and 7% equity.
Before Bob and Mollie can counter, Lori Greiner made an offer. She offered $250,000 as a loan, with a $5/unit royalty until the loan was repaid, plus 3% equity and 6% interest.
Barbara and Mark advised them not to take these greedy deals, and Bob and Mollie took their advice. They walked away without a deal. Find out how the company is doing now in our
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Don’t miss the other company updates from Season 11 Episode 20. You can find them here:
Curious about our other company updates from Season 11? Check out our Season 11 products page to find them all.