From Shark Tank Season 04 Episode 02

Coatchex did not get an investment from the Sharks.


Courtesy of

3 Reasons to Love Coatchex

1. A ticket-less coat check system.

2. Generate additional revenue for your venue along with high-tech customer service.

3. Can be setup and taken down in 10-20 minutes.


Our Take

I can't decide if this is more annoying or less annoying than your standard coat check setup. On the plus side, I like that you can use your credit card (I almost never carry cash), and that there's some security in knowing that you're less likely to have your coat stolen. On the down side, it seems like kind of a hassle, and it's over-branded.

If Derek, as Kevin suggested, set this up in the "busiest steak house" in his home town, I feel like the steak house owner would be bummed about having a giant Coatchex-branded setup in his establishment.

After listening to his pitch, Mark almost flew out of his seat in a rage, screaming "HORRIBLE, HORRIBLE, HORRIBLE!" over and over again. My gut tells me Mark isn't going to be an investor in Coatchex.

There are some more objective objections raised (it's too seasonal, there's no marketing plan in place, there are other companies doing this) and with that three of the Sharks are out.

Surprisingly, Mark DOES make an offer. Daymond turns to him and tells him he's ruining the integrity of the Tank by making that offer - or ANY offer.

Unfortunately, Derek's advisor tells him to turn the offer down. Maybe it's for the best, though, and Derek will be able to develop his plan a little more before he goes fishing for Sharks again.

The Entrepreneurs Behind Coatchex

Derek Pacque

Derek Pacque

More Products

From Shark Tank Season 04 Episode 02

There are 86 More Tech Products

Click here to see them all...

There are 30 More Franchise Products

Click here to see them all...

There are 36 More Event Products

Click here to see them all...

Shark Tank news, new products, episode recaps, and MORE!

Search For Shark Tank Products