![]() ![]() Since Maria and Veronica didn’t give Barbara a quick answer, Barbara went out. Robert Herjavec remarked that the two offers valued the company similarly, and Veronica said she was not looking to give up that amount of equity. Daymond jumped in right away, while Barbara made a different offer of $150,000 for 15%. When the ladies returned, Kevin introduced an offer of $250,000 for 25%, and invited any fellow sharks to come in on the deal if they would like. Kevin was amenable, but Barbara Corcoran said she’d prefer to get a bigger chunk of equity instead. Nonetheless, they remained extremely interested, and Kevin actually asked the two entrepreneurs to leave so the sharks could discuss as a group.Īt this juncture, Daymond floated an idea to bring in all five sharks and offer $250,000 for 25%. Kevin O’Leary cried out in disbelief that they would turn down a $5 million offer. It was at this moment that she recognized the value of her product and company, and declined the offer. Maria said that a large company offered them $5 million for the patent and trademarks pre-launch. ![]() Their only hang-up was the valuation.ĭaymond John finally asked what made their company worth $1.75 million. With purchase orders and interest from major retailers like Home Depot, Burlington Coat Factory, ShopRite, and Walmart, the sharks were impressed overall. Their MSRP was $6.99 to $8.99 for a 2-pack, costing just $1.35 to make. Maria was quick with the numbers and accolades, revealing that a housing authority had received 144 units from them as samples only to return with a purchase order for 22,000 units. Although the Beddy Bugs had only launched 6 months prior to filming, they had already grossed $150,000 in sales, $100,000 of which was pure profit. ![]()
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