“Make it 22% and you’ve got a deal,” Mark offers.īefore accepting, the duo confers briefly. Not to be outdone, Robert offers $200,000 for 15% stake.Īngela counters, asking Mark and Ashton if they are willing to do $200,000 for 20%. Kevin becomes irritated and rushes in with an offer of $200,000 for 15% of the business in exchange for which he would marry them. Kevin inquires as to whether Robert has a contract. Mark instantly agrees, and the couple makes an offer of $200,000 in exchange for a 25% stake.Īngela and Steve are hesitant to give up more than 20%, but Mark tells out that if they reject the agreement, 5% will make little difference. He is, however, eager to make an offer if Mark Cuban joins in. Tower Paddleboards, his firm, is seeking for additional items.Īshton Kutcher is intrigued, and while he does have a sizable internet distribution network, he is unfamiliar with this type of product. Mark believes the market is maybe too tiny. Angela cites surf enthusiasts aged 13-16 and 20-30. Mark Cuban is interested in determining who the consumer is. She has escaped.Īlthough Kevin O’Leary believes the business is too tiny to invest in, he offers to marry the couple “right here in the Shark Tank.” Despite his offer, he declines. Lori Greiner is unsure that she is the ideal partner for her business. He notes that profit development has been moderate with that model and inquires about the couple’s marketing strategy.Īngela argues that they must educate consumers in order to increase sales via large box shops. Robert Herjavec already owns a firm called Hand Boards, which sells mostly through smaller surf shops. They made a $10,000 investment in the firm. They anticipate earning $295,000 at the conclusion of the current fiscal year. They demonstrate the Slyde boards in action and provide product samples.Īngela noted that the carbon fibre model costs $199 and the normal model is $169, and the pair has sold $366,000 worth of merchandise since the company’s debut in 2011. With imminent debt and their entire funds invested in the business, they’re banking on the Sharks to help them stay afloat. This indicates a valuation of $1,333,333.33. Steve and Angela appear on Shark Tank season 7 episode 24 seeking a $200,000 investment in exchange for a 15% stake in their business. What happen to Slyde Handboards at the Shark Tank? This was the initial concept for what would become the most technologically sophisticated bodysurfing hardboards ever created. ![]() They discovered that fast food trays gave the finest ride, since they were able to readily capture and maintain control of a wave. As a child, he and his buddies found full-size surfboards heavy and bulky they were just too tough to operate.Īs a result, they began experimenting with catching waves using non-traditional materials, ranging from bits of wood to flip flops. Steve Watts, the designer and creator, grew up bodysurfing on the South African coast. For many years, the proprietors have studied and refined hand boarding equipment.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |