Shark Tank season 16: Which products appeared in episode 2? Details explored

Shark Tank is back with its season 16. From backyard golf games to at-home seafood steam pots, viewers were introduced to four innovative products in episode 2, which aired on October 25, 2024.

The sharks, including guest shark Todd Graves, CEO of Raising Cane's Chicken Fingers, who made his debut, heard pitches from entrepreneurs hoping to invest in some promising ventures.

The products showcased in episode 2 included Topsail Steamer, Life Raft Treats, RigStrips, and BucketGolf, each bringing something fresh and innovative to the table.

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Products featured in Shark Tank season 16, episode 2

1) Topsail Steamer

Topsail Steamer, led by Danielle Mahon, offers seafood steam pots that can be prepared at home. The concept was inspired by Mahon’s fond childhood memories of seafood suppers with her family.

Mahon started the company in 2017 with a $57,000 loan, and Topsail Steamer has grown rapidly, now operating 10 locations with nationwide delivery options. Customers may have a seafood feast by adding water or beer and boiling the contents of these pots, known as Bay Buckets, which contain fresh fish, veggies, sausage, and handmade seasoning.

Mahon, who was looking for $350,000 for an 8% ownership, clarified that the business was founded in 2017 and has since expanded to ten sites, with annual revenues expected to reach $5.7 million. Todd Graves and Lori Greiner partnered to offer $350,000 for 18% equity, and Mahon ultimately accepted the deal.

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2) Life Raft Treats

Life Raft Treats, founded by Cynthia Wong and John David, brought a playful and unique twist to the food world. Their flagship product, "Not Fried Chicken," looks exactly like a piece of fried chicken but is a carefully crafted ice cream treat.

They gave a witty presentation of their fried chicken-shaped ice cream, intended to catch the attention of the 'sharks'. When the two disclosed their meager 5% profit margin on $1.5 million in sales, the sharks were skeptical about their request for $250,000 for 5% stock.

All of the sharks declined to invest in the business, citing concerns about profitability, even if their ice cream creations were innovative.

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3) RigStrips

Steven Graf and Zhach Pham introduced RigStrips, a company offering magnetic solutions to secure outdoor gear like skis and snowboards. The SnoStrip, which enables sports fans to securely fasten their equipment to cars, was the entrepreneurs' main offering. They offered a 7.5% share in the business in return for $300,000.

Enthusiastic in fishing and skiing, Todd Graves offered $300,000 for a 20% ownership. Following discussions, Todd's last offer of $300,000 for 15% equity was accepted by the founders, making it one of Shark Tank's successful deals.

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4) BucketGolf

The last entrepreneurs to pitch on Shark Tank episode 2 were Tyler Simmons and his sister, Jenny Simmons. BucketGolf, their product, is a portable backyard golf game that combines the ease of outdoor sports with the thrill of golf.

The siblings shocked the sharks with their $12 million in sales and 15% profit margin after first requesting $1 million for a 10% share in their business. In the end, Mark Cuban closed the deal by putting up $1 million for a 12.5% stake.

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This episode of Shark Tank was filled with exciting pitches, negotiations, and insights from the sharks. Todd Graves, making his guest appearance, played a key role in securing deals for Topsail Steamer and RigStrips. His enthusiasm for outdoor products and his experience in the restaurant industry made him a key 'shark' in this particular episode.

The next episode of Shark Tank will be released on November 1.