'Shark Tank': Why Mark Cuban invested $600,000 into a business that turns human ashes into diamonds

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

United States News News

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

'Shark Tank': Why Mark Cuban invested $600,000 into a business that turns human ashes into diamonds (via CNBCMakeIt)

Billionaire Mark Cuban is known for his tech investments — but on Sunday's "Shark Tank," Cuban diversified in a unique way.

According to Archer and Ozar, customers receive a "welcome kit," which includes a small container for a half-cup of ashes or hair. Customers then send that back to Eterneva. Customers also pick the diamond of their liking. Archer and Ozar asked the Sharks for a $600,000 investment in exchange for a 5% stake. However, once the Eterneva duo revealed they currently have investors, previously raising a "$1.2 million round in a $10 million valuation," the Sharks were concerned that they did not really need a Shark investment.

 

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

MakeIt Tell me what exactly has Mark Cuban done after he sold his dot-com bust in exchange for a basketball team? 💩 😹

MakeIt After your wife passes away, just don’t tell your new wife where you bought her engagement ring.

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:

 /  🏆 12. 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.

'Shark Tank' recap: Sharks bite on human ashes-to-diamonds businessWhat happened on General Hospital?
Source: USATODAY - 🏆 100. / 63 Read more »

Why this plant-based meat company turned down a $1 million from Mark Cuban on 'Shark Tank'On Sunday's 'Shark Tank,' Jonathan and Deborah Torres, founders of Atlas Monroe, believed their 100% vegan, plant-based twist on fried chicken was worth far more than the Sharks did. MakeIt I will save you all a read: they wanted the whole co for a mil (plus they'd get a royalty) but a mil isn't much nowadays so they passed. MakeIt Because they thought they’d be the next $BYND. And if $BYND has shown anything, it’s you can lose $$$ and still be worth $8 billion.
Source: CNBC - 🏆 12. / 72 Read more »

'Shark Tank' recap: Sharks bite on human ashes-to-diamonds businessWhat happened on General Hospital?
Source: USATODAY - 🏆 100. / 63 Read more »