"You're getting wiped out"- When Shark Tank's Kevin O'Leary gave a reality check to 'Eco Flower' founder

Eco Flower, founded by Meagan Bowman, was featured in Season 8 of Shark Tank US. Maegan converted her teenage project into a full-fledged business and wanted to replace conventional flower bouquets that perish with wooden and recycled material flowers and bouquets. Maegan asked for $400k for 10% of the equity in her eco-friendly flower and bouquet brand.

Maegan brought thoughtful presents made with eco-friendly materials like jute, burlap, bamboo, and so on for each shark. The gifts impressed the sharks; however, Robert Herjavec promptly asked the ladies on the Shark Tank panel whether they would like these eco-friendly flowers instead of real ones. Barbara and Lori both acknowledged that they would prefer real flowers instead.

Meanwhile, the sharks were quite impressed by the sales Eco Flower made in just a year and a half. However, they were shocked when the sharks learned that 75% of the equity had already gone to the previous investors. Kevin O'Leary gave a reality check to Maegan and said:

"I give you 400 000. I would never do it for 10. Let's say I did it for 30. who is going to give me that stock because you're going to end up working for me as an employee? My secretary is going to own more stock than you do; that's ridiculous. You're getting wiped out."

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Did Eco Flower founder Maegan Bowman get a deal on Shark Tank Season 8?

While all the sharks were still in the deal, they were concerned about the equity already wiped out. Shark Tank investors tried to make Maegan understand that holding on to only 25% of the equity would not help her in the future.

Robert Herjavec opted out of having a similar concern, while Barbara Corcoran cited that she would love to invest in real flowers rather than wooden ones. While Maegan tried to convince the Shark Tank panelist that the other investors were "tech guys" and she would get them out at some point, Kevin was not interested in putting up his money on that.

Mark Cuban appreciated the brand that Maegan had built but opted out because it was outside his area of expertise. Lori Greiner also felt that there were too many brands like that in the market and opted out.

Daymond John had similar concerns as the rest of the sharks but still offered $400k for 25% of the equity. Maegan took one last shot and counteroffered to give 20% of the equity. Daymond John accepted the counteroffer and locked the deal with Maegan.

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Shark Tank US airs on ABC Network.