Christmas came early on Sunday’s “Shark Tank.” A young entrepreneur tried to revolutionize the hassle of wrapping those gifts under the tree.
Bryan Perla, a junior at Stanford University, is the creator of Little Elf, a device to make cutting wrapping paper a breeze. The product fits around the wrapping paper roll, helping to measure and then create a clean, straight slice.
“We all know the holiday season is stressful,” Perla said. “Do we really need one more thing to test our patience, like cutting wrapping paper with scissors? Everyone hates cutting wrapping paper because it always comes out ripped, jagged, or crooked.”
Perla got a little help demonstrating his product from sharks Barbara Corcoran and Lori Greiner, who loved how easy it was to use.
Perla developed the idea when he was a senior in high school. Diagnosed with dyslexia when he was in second grade, Perla said he always struggled with reading and school but found a passion for developing ideas. It’s a story Corcoran and shark Kevin O’Leary, who is also dyslexic, could relate to.
Asking for $150,000 for a 15% stake of the company, Perla was looking for a partner to help with advertising and increasing online sales. He has a licensing agreement with the world’s largest maker of gift wrapping products to sell Little Elf in retail outlets for the next two to four years.