Mark Cuban Says ‘Shark Tank' CEO's Coffee Business Is a ‘Brilliant Idea': ‘You're Worth More' Than $7 Million

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

To Mark Cuban, coffee could be worth millions — if it's served with a compelling backstory.

As a teenager, Nyamumbo got a scholarship to attend Smith College in Northampton, Massachusetts, and her village fundraised to buy her ticket abroad. She later got an MBA from Harvard University in 2016 while working on Wall Street for Citigroup.

Success came quickly. By the time of the"Shark Tank" episode's filming, Kahawa 1893 was on track to hit $4 million in 2022 sales, and was in stores like Trader Joe's and Sprouts, Nyamumbo said.— who admitted she didn't even drink coffee — jumped in, offering $350,000 for 12.5% of Kahawa 1893.Emma Grede and Margaret Nyamumbo make a deal: $350,000 for 8% of Kahawa 1893.

Nyamumbo said she was excited about the idea of having two Sharks as investors, but didn't want to give up a quarter of her company. She asked if the pair would consider a more creative deal: $300,000 in cash and $400,000 in debt for 16% in equity.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakeIt Nothing brilliant here.

MakeIt OMG that's great news thank you for sharing all the information good vibes for everyone ‼️💯🤩✌️ Best greetings from México city 🇲🇽🇺🇸🇨🇦🇲🇽🇺🇸🇨🇦🇲🇽🇺🇸🇨🇦

HustleRider_ MakeIt Heck of an endorsement!

MakeIt Keep it up. Utilize the opportunity. Many of us are wishing they can stand in front of shark tank.

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:

 /  🏆 524. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan says Q1 could mark high point for stocks in 2023, sees warning signs mountingFurther gains will be harder to come by as warning signs continue to mount, JPMorgan strategist Mislav Matejka said in a Monday note. LiveSquawk The big banks really want to see the markets fall. They can’t stop talking about this. LiveSquawk 🤣
Source: CNBC - 🏆 12. / 72 Read more »