Monday, 9 October 2017

Shark Tank: TanglePets Accepts $75,000 Offer from Lori Greiner


Last into the tank is Liz Martin of TanglePets, seeking $75,000 for 35 percent equity.

TanglePets makes brushing kids’ hair a breeze. The cute detangling solution combines a brush with a plush to make hair brushing more fun. The $13 brushes include adorable ladybug, puppy, kitty and seal plush options. Their website indicates that their plush brushes are currently sold out.

Kevin O’Leary thinks it’s simply an ordinary brush with a plush attached to it, but she promises him that it’s just the opposite. In several months, they have done $8,000 in sales. She projects that sales will be over $100,000 by the end of the year. Mark Cuban thinks Martin is truly a “force of nature” but goes out, followed by Robert Herjavec and O’Leary. He still commends her energy and attitude.

Barbara Corcoran loves her enthusiasm but thinks Martin seems exhausting. She goes out. Lori Greiner acknowledges that the wet/dry brush, which is the type used in TanglePets, is the best brush in the world and praises the quality of the plush toy. She offers $75,000 for 50 percent, which Martin counters at 45 percent equity. Ultimately, Greiner declines her counter and Martin accepts her original offer.

Social Media Reacts to TanglePets’ Appearance on “Shark Tank”

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.

Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.

Would you buy a TanglePets brush? Sound off in the comments section below!

Source: B2C

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