Shark Tank Pitch

Caffeindicator Shark Tank Update

Published: Monday, August 8, 2022

Mount Joy, PA

Pitch Overview
Name	Caffeindicator
Main Presenters	Michael Schiavone
Presenter Image
Product Image
Last Known in Business	1/29/2010
Main Location	Mount Joy, PA Loading Map
Order Shown in Episode	3
Final Deal	Deal was made on the show with sharks Kevin Harrington for $200k for 50% of Company contingent on a deal with major company, but it fell through after the show.

Caffeindicator Shark Tank Pitch

Michael Schiavone, a mechanical engineer, has created an indicator ink that changes color if caffeine is present in liquid dripped on it. He calls the ink, Caffeindicator.

Michael is targeting sugar packet companies to sell them his patent to use to stand out from the other similar packets or prevent the other packets from having.

Kevin O'Leary likes Michael's savvy in attempting to create a bidding war between the five sugar color companies. Before Kevin O'Leary can decide, Kevin Harrington gives Michael a shot clock on his deal (the first time a shark did this, and it's now a Mark Cuban specialty).

After 18 years of having this idea, Michael was pumped to have an investor on board. Yes, that's right, 18 years.

Offers

Made By	Label	Sharks Part of Deal	Summary
Company	Offered		$200k for 25% of Company
Sharks	Out	Barbara Corcoran	Out
Sharks	Out	Daymond John	Out
Sharks	Offered	Robert Herjavec	$200k for 60% of Company contingent on a deal with major company
Sharks	Deal Never Closed	Kevin Harrington	$200k for 50% of Company contingent on a deal with major company