IsoAcoustics

Dave, Paul and Sean Morrison, from Markham, Ontario, asked for $500,000 for 15 percent of IsoAcoustics, which develops, manufactures and distributes isolation stands for audio speakers that reduce vibration and improve sound clarity, priced starting at $80 per pair. The company has sold over 60,000 retail units since 2012, had just over $1 million in revenue over the last 12 months with about 25 percent net margins, has grown 100 percent per year, and distributes to 40 countries through a dealer network in the pro audio and musical instrument market, now looking to expand into home hi-fi audio.

Manjit Minhas went out, saying the valuation was unjustified given how music consumption has moved beyond home speaker systems. Michele Romanow went out, suggesting the company didn't need $500,000 and should instead run a large crowdfunding campaign using client testimonials. Jim Treliving went out despite liking the product and the family business. Joe Mimran went out, saying he could not beat Michael Wekerle's offer. Michael Wekerle offered $500,000 for a third of the business, planning to white-label the product with the El Mocambo brand; when the Morrisons countered at 20 percent, Michael declined to move off 33 percent, and the Morrisons declined the deal.

IsoAcoustics is still operating and sells through its website.