Shark Tank Pitch

Drive Suits Shark Tank Update

Published: Monday, September 26, 2022

Burbank, CA

Pitch Overview
Name	Drive Suits
Main Presenters	Drew Beaumier
Presenter Image
Product Image
Last Known in Business	9/27/2022
Main Location	Burbank, CA Loading Map
Order Shown in Episode	1
Final Deal	Deal was made on the show with sharks Kevin O'Leary for $150k for 30% of company contingent on deal with toy company, but it fell through after the show.

Drive Suits Shark Tank Pitch

Drew Beaumier needed money to pay rent and when he came across a flyer for a costume contest he saw a unique opportunity to make money.

Drew hasn't sold any suits and has been waiting for his patent to go through before growing too fast. Aside from patents, Drew sees value in the experience and knowledge he has gained. Over the past two years, he has won around $25k from costume contests.

Kevin makes an offer to go big or go home with a deal with a toy company while mark makes a deal intending to ride it out slow and steady.

I have no problem with waiting something out and building it slowly and taking baby steps, but I'm kind of a gambler.

—Drew Beaumier

Drew surprises the sharks and accepts Kevin's offer.

Offers

Made By	Label	Sharks Part of Deal	Summary
Company	Offered		$150k for 20% of company
Sharks	Out	Robert Herjavec	Out
Sharks	Out	Daymond John	Out
Sharks	Out	Barbara Corcoran	Out
Sharks	Offered	Mark Cuban	$150k for 40% of company
Sharks	Deal Never Closed	Kevin O'Leary	$150k for 30% of company contingent on deal with toy company