“I want these guys all to myself” — When Shark Tank’s Mark Cuban and Michael Rubin got into a bidding war for Bot-It

Maurice Bachelor and Joel Griffith, the inventors of Bot-It, made a pitch on Shark Tank Season 15 Episode 3 that led to a bidding war between Mark Cuban and guest shark Michael Rubin. The sharks were impressed by the utility and quick growth of the AI-powered app, Bot-It, created to automate internet tasks like booking hotels or buying movie tickets.

With their company valued at $6 million, the two founders went into the tank seeking $150,000 for 10% stock. They demonstrated how Bot-It was already doing great in the market, sales-wise, by drawing in customers who required help with urgent online tasks. The app's wide range of uses and smooth user interface captivated the sharks.

By the end of the pitch, Mark Cuban and Michael Rubin got interested in the innovation. Rubin was keen to use his vast e-commerce experience and offered to partner a deal with Cuban. However, Cuban initially was determined to go solo. He said:

"No, I want these guys all to myself."

In the end, the creators closed a deal with both Cuban and Rubin to boost the prospects of Bot-It.

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When Bot-It appeared on Shark Tank Season 15 Episode 3

On Shark Tank Season 15 Episode 3, Bot-It made a spectacular debut, with the sharks excited about the AI-powered automation platform that claims to make time-consuming internet tasks such as booking a table, buying tickets, and monitoring product availability hassle-free. The founders hoped to land $150K for 10% stakes in the company.

As the two began their presentation, they demonstrated how Bot-It operates and how it had already become popular in the market. With a rising user base and $3 million in sales within just one year, the creators were looking for experts to expand the business.

Intrigued by the technology, Mark Cuban put forward an offer of $300,000 for 20% stake. Before the founders could respond, guest investor Michael Rubin offered to join hands with Cuban, but the latter refused saying he wanted the entire deal for himself. Impressed by his knowledge in the area and years of experience, the entrepreneurs couldn't say no to Cuban despite Rubin offering the same sum for 15%. Finally, the founders settled for a joint deal for Cuban and Rubi — $300k for 30%.

Bot-It's progress since its Shark Tank debut has been impressive. To improve the platform, the business has added new features and increased the number of users. Bot-It has forged alliances with significant e-commerce platforms and service providers with the help of its investors.

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