$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Andre Bellerive & Marc Bjerring from Ottawa, ON, pitched Spivo Stick in Season 12, Episode 9, asking the Dragons for $200K for 20% of the company.
- Asked for$200K for 20%
- Valuation$1Mimplied by the ask
- OutcomeDealwith Michele Romanow
- Final deal$200K for 20%valued at $1M
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Michael Wekerle | Royalty deal at 10% until double his money or $400,000, then reduced to 3% for five years, later reduced further after negotiation | Declined |
| Michele Romanow | $200,000 for 20% | Accepted |
| Manjit Minhas | $200,000 for 17% | Declined |
| Joe Mimran | Out - felt they had good offers already | Out |
| Jim Treliving | Out - suggested Michele Romanow was better suited | Out |
| Arlene Dickinson | Out - did not want to chase the deal | Out |
Andre Bellerive and Marc Bjerring, from Ottawa, Ontario, pitched Spivo, a selfie stick that rotates the camera 180 degrees at the click of a trigger, asking for $200,000 for 20% of their business. The product holds action cameras and mobile phones, sells online for $65, and the founders reported selling 11,500 units, with revenue of $270,000 in 2016 and $370,000 so far in 2017, at a 75% profit margin including shipping and packaging.
Michael Wekerle offered a royalty deal starting at 10% until he recouped double his investment, later reduced to 3% for five years after negotiation, which the founders declined since they wanted to give up equity rather than pay royalty. Manjit Minhas offered $200,000 for 17%. Joe Mimran, Jim Treliving and Arlene Dickinson all went out. The founders accepted Michele Romanow's offer of $200,000 for 20%, choosing her for help with e-commerce.
Pitch details from CBC’s Dragons’ Den pitch page.
Spivo Stick today
- StatusStatus unknownLast checked September 2026
We haven’t confirmed whether Spivo Stick is still operating.