He did a great presentation of his product (which is AWSOME BTW).
One thing i would do different is, Since he got the same offer from 2 Sharks, $54K for 40% equity i would ask them BOTH to come in together (they do that ll the time) so that he would reap the benefits of both of them.
He was really looking for the connections and expertise as he mentioned. Robert together with Damond would make a killer team of investors IMO.
I disagree. The deal was too small and most of them backed out because of the size. They would've laughed in his face for such a dumb offer.
I believe the only reason they were looking to hog 40% even though they liked the product and the maker, was to make it worth their valuable time.
Either way, if I was him, I woulda rejected the offer, as the publicity for his product could launch him easily without their help. And all he loses is the 5% charge from the show makers.