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%

España Noticias Noticias

España Últimas Noticias,España Titulares

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.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 288. in ES

España Últimas Noticias, España Titulares