1. Sell your old electronics to iReTron for cold, hard cash.
2. iReTron will resell your old electronics, and if they can't, they'll recycle it.
While Jason wasn't able to convince the Sharks that iReTron is on its way towards becoming a multi-million dollar company, he was able to sell them on HIM - in many ways, that's FAR more important for an entrepreneur of his age.
I love that his product is socially and ecologically conscious, and that it provides payouts to its customers, even if the device is virtually worthless. As he pointed out, it's a really cheap way of acquiring customers.
Barbara really like Jason's attitude and energy, and so she did an unusual deal with him (a deal that Mark eventually came in on too). The deal was that they would give him $100k, for 20% of the company, but they would also automatically come in for 20% of his next big idea without having to pay more. It's a big risk for them, and, on those terms, for Jason too.
But the chance to work with both of them was too great a draw, and Jason took the deal.