Shark Tank: Lovepop, Handmade 3D Greeting playing cards, Makes handle Kevin-O’Leary for $300,000

December 11, 2015

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next into the tank is Boston-native firm is Lovepop seeking $ 300,000 for 10 % fairness.

The distinctive greeting cards usually are not most effective festive however are also magical. The playing cards embrace complicated 3D pop-up elements that are handmade.

Kevin O’Leary wonders why they value so little, provided that they are a “murals.” they want them to stay obtainable and at present have over 100 designs. however, their kiosk-to-on-line promoting design doesn’t excite the sharks.

Barbara Corcoran goes out for the kiosk side, as does Lori Greiner because of their valuation. the real estate risk worries Mark Cuban so he goes out.

O’Leary cites his heritage in artisan items, especially in the marriage ceremony market. on the other hand, he nonetheless issues that the playing cards are sold for too low of a value.

Robert Herjavec likes the cards and offers $ 300,000 for 20 %, which O’Leary offers to accomplice on. Herjavec refuses, which reasons O’Leary to make the same deal.

With two differing perspectives, the3y still have equity woes, so Herjavec and O’Leary lower their ask to 15 p.c. They in a roundabout way settle for O’Leary’s offer.

final deal: Kevin O’Leary for $ 300,000 for 15 p.c.

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