DrumPants is a wearable sensor that connects to a smart phone speaker. Just hide the DrumPants device under your clothes and “play” it by tapping the trigger button. Lei Yu and Tyler Freeman went into the Shark Tank asking for $150,000 in exchange for 5% equity in their company. The Sharks thought that the product wouldn’t have a broad appeal, and questioned if there would be many people who want to turn their bodies into a musical instrument. However, Robert saw some potential for the strap-on sensors for use in other products, and offered $150,000 for 20% equity. Daymond figured he could license the technology and offered $250,000 for 20% of whatever future deal he might arrange. However, both proposals where countered and both Sharks withdrew their offers.
