This ‘Shark Tank' Company Made $130,000 in 6 Days – and Mark Cuban Wants the Dallas Mavericks to Use Its Products

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

On ABC’s “Shark Tank,” Mark Cuban, Daymond John and Lori Greiner all said they could help grow Browndages, a Cleveland-based inclusive bandage company. Here’s how.

That, Cuban said, could have a ripple effect — helping the brand"extend into multiple communities, so they can all feel represented." For example, the Mavericks"partner with schools all around [Dallas]," he said, noting that those schools' nurses could also distribute Browndages' bandages.

In response, the Sharks asked them how Browndages intended to keep up with bigger bandage brands, like Band-Aids. Bashir cited competitive pricing as one way to gain an edge: Browndages' paper boxes retailed for $3.99 each, and only cost 63 cents to make. The duo also spoke about the promise of building a legacy for their children to appreciate.

Bashir and Mahdi asked for $75,000 in investment money, in return for 7.5% of their company. Robert Herjavec declined, saying the scale of Browndages' competition was insurmountable. Kevin O'Leary quickly stepped in, offering $75,000 and the chance to network with larger companies for 15% equity. Mahdi and Bashir countered, asking if Cuban, Daymond and Greiner would be willing to go down to 7.5% each. Cuban said they still wanted 30% but would add in a line of credit. O'Leary, appearing to grow restless, matched the trio's offer of $100,000.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in CA

Canada Canada Latest News, Canada Canada Headlines