The intrepid inventor gratefully shook hands to accept $80,000 for 25% equity. Following further discussion O’Leary agreed to alter the terms, offering $80,000 for 25%.Įventually, Shane, swayed by the idea of keeping the product in house, rather than licensing with other companies, opted for an offer made by Kevin Harrington and Daymond John. Robert Herjavec then waded in, partnering with O’Leary and offering another $40,000 if Shane accepted the licensing deal (taking the offer to $80000 for 40% equity). John’s offer came with a promise to help Shane not only set up the company, but also to introduce other products. With a bidding war ensuing O’Leary upped his offer to $50,000 for 20%, closely followed by Daymond John offering $75,000 for 33%. Kevin Harrington then countered, affirming that Shane should take the direct-to-consumer sales route. Kevin O’Leary initially stepped up, offering $40,000 for 25%, providing the brooms were licensed with existing companies. Shane intended to sell to both the domestic and commercial market (targeting cinemas, theatres, restaurants etc.) but needed help from the sharks to create a viable direct-to-consumer business. The tool if designed to be easy to use and is great for removing food, stickers etc.Ĭheck Out More Reviews Overall Score: 95/100 The product itself resembles a broom, but it has the added benefit of a built-in, retractable scraper. If you’ve ever had to stop sweeping the floor in order to scrape up a mashed-in cake or a sticky sweet, you’ll understand why the Sweep Easy sweep and go broom is so popular. Like many a fledgling inventor, Shane Pannell came up with a clever solution to an everyday problem. Sure that he was on to a winner, Shane took his prototype sweep and go broom to the Shark Tank – securing investment and gaining exposure to a wide audience. Perplexed to find there was no other suitable tool on the market, Shane put down his butter knife and invented his own clean up product – the Sweep Easy which has gone on to command a net worth of over $5 million. A busy stay-at-home dad, Shane often found himself kneeling on the floor, scraping up dried bits of food – usually with a butter knife! That certainly proved to be the case for Shane Pannell. We all like gather round the table to eat with family and friends, but let’s face it, dinnertime can be a messy affair.
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