ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Lori Greiner offers $60K deal to 'Shark Tank' contestant for a product that 'every woman should have'

Barbara Corcoran told the founders that she had never seen Greiner so passionate.
PUBLISHED JUL 14, 2025
Screenshots showing the co-founder of Nightcap, and Lori Greiner (Cover image source: YouTube/Sony Pictures Television)
Screenshots showing the co-founder of Nightcap, and Lori Greiner (Cover image source: YouTube/Sony Pictures Television)

Products that are simple yet innovative quickly catch the attention of "Shark Tank" investors. The brother-sister duo of Shirah and Michael Benarde managed to impress Lori Greiner with their product meant to protect women from spiked drinks. Greiner did not waste a second to offer them $60,000 to become a partner in their business, and said, "Every woman should have it." 

Screenshot showing Shirah and Michael making their pitch (Image source: YouTube/Sony Pictures Television)
Screenshot showing Shirah and Michael making their pitch (Image source: YouTube/Sony Pictures Television)

Shirah and Michael entered the Tank seeking $60,000 for 20% of their business. Shirah, who was 17 years old at the time, began the pitch by sharing how she had heard horror stories of drink spiking from women, which inspired her to work for a solution. NightCap is a stretchable scrunchie that doubles up as a cap for drinking glasses. Shirah demonstrated how easy it was to wear the cap as a scrunchie on the wrist, and then put it on a glass as a cap. The entrepreneurs further stressed the problem, saying 70% of their customers were between the ages of 18 and 24, with 98% being women.

Screenshot showing the product  (Image source: YouTube/Sony Pictures Television)
Screenshot showing the product (Image source: YouTube/Sony Pictures Television)

All of the Sharks were impressed by the innovative device as they got to try it themselves. Being a numbers guy, Kevin O'Leary asked the duo to share the sales figures. Michael then told the Sharks that in the 11 months that the product has been sold, they managed to get $68,000 in sales, with the majority of them coming over the last few months, due to some website optimisation. They further shared that each NightCap cost them $2.82 to make, and they retailed for $11.99 a piece. However, Shirah told the Sharks that they could cut the cost down to $1.60 at scale.

Screenshot showing Kevin O'Leary talking to the entrepreneurs  (Image source: YouTube/Sony Pictures Television)
Screenshot showing Kevin O'Leary talking to the entrepreneurs (Image source: YouTube/Sony Pictures Television)

With everything laid out, Greiner was the first to make a move. She immediately expressed the impact the product had on her, saying, "I don't think that I have ever seen a product come into the Shark Tank that resonated to me more deeply in a social mission." Without wasting much time, Greiner offered Shirah and Michael $60,000 for 25% equity. "I want to be a partner right in there with you, and I want to do everything. I can actually blow this up on social media, create videos. This needs to be in every woman's hands! So I hope that you hear my passion about it," she went on to say. 

Screenshot showing Greiner talking to the entrepreneurs  (Image source: YouTube/Sony Pictures Television)
Screenshot showing Greiner talking to the entrepreneurs (Image source: YouTube/Sony Pictures Television)

Hearing Greiner's offer, even Barbara Corcoran was amazed. She told the entrepreneurs that she had never seen Greiner so passionate and that they should take the offer and run. The young entrepreneurs took her advice and struck a deal.

According to the Shark Tank Blog,  the deal was closed, and the company is listed on Greiner’s website. Their products are still available on their website and Amazon.

More on Market Realist:

Lori Greiner broke down when a father and son’s 'Shark Tank' pitch took an unbelievable turn

'Shark Tank' judges were competing hard for a deal — then Lori Greiner pulled out her secret weapon

'Shark Tank' contestants get the judges to wear wigs before making them fight for a deal

RELATED TOPICS SHARK TANK
MORE ON MARKET REALIST
The 51-year-old was paired with Matt Damon for the episode which was hosted by Jimmy Kimmel.
2 hours ago
The 11-year-old hoped to get half a million dollars for what he believed was the heat shield from the Apollo mission.
3 hours ago
She could have also won an all-expense paid trip to India along with the prize money.
5 hours ago
The guest wanted $10,000 for the star note despite not knowing much about its valuation in the first place.
6 hours ago
Daymond John loved the product from the moment he tasted it and was eager to get involved with the company.
8 hours ago
This was a rare occasion in the history of the game show that a car wasn't the most valuable prize.
1 day ago
No such rule has ever been confirmed by the show but fans have their doubts.
1 day ago
The pawn shop owner seemed to have gotten a good deal for the set on the day.
1 day ago
An insider claimed that these changes were meant to jazz up the newest season of the show.
2 days ago
The pawn shop owner wanted to fix the car with his son, but failed to do one of the first things needed.
2 days ago
The contestant's wife also stated what she wanted when it was her turn to answer.
2 days ago
The funniest part of it all was that the shocked contestants were actually from New Jersey.
3 days ago
The entrepreneurs got him in to invest two of his buisnesses rather than one.
3 days ago
Jonathan Hugendubler pulled off a generational upset on the show to beat Scott Riccardi.
3 days ago
Steve Harvey saw an opportunity to turn it into a hilarious segment, and he was more than successful.
4 days ago
Mr. Wonderful seemed to have been highly impressed by the company and wanted a piece of it.
4 days ago
Her mother was a massive fan of the show and had passed away around the time her episode was taped.
4 days ago
The expert was also in awe of the one-of-a-kind item that was part of the set of medals.
4 days ago
Steve Harvey can be a ruthless game show host if the time calls for it.
5 days ago
The guest at one point might have even believed that his bill was worth a five-figure sum.
5 days ago