Shark Tank: Nerdwax Receives offers from Kevin O’Leary and Troy Carter, but Decline

October 9, 2015

mashable.com

closing up is Nashville native Nerdwax, a balm that prevents glasses from slipping. they are searching for $ 80000 for 20 percent.

They are looking to scale their industry as well as a shark’s expertise to avoid making any other errors.

The wax wears off over time and is just utilized to the nostril pads of the glasses.

Daymond John needs to know how he came up with the theory. Having explained that he used to work out of doors all day, his glasses would at all times slide off his face. That’s when the idea for the beeswax-based totally product came to fruition.

they are offered on-line and is $ 10 per tube. $ 136,000 has been made up to now considering the fact that they began promoting closing April.

they have got had spikes in gross sales, on the other hand, when media web sites like Mashable feature them.

Lori Greiner goes out because she doesn’t see making a living from it, and John goes out for a similar reason as well as it being too early.

Kevin O’Leary boasts that he is a marketing genius and bargains $ eighty,000 as a mortgage for 10 percent except $ 240,000 is paid, in addition to three percent fairness.

Mark Cuban doesn’t see the product as investable and goes out.

Troy Carter thinks their product may be very so much in its infancy however has no downside with that. He bargains $ eighty,000 as a mortgage until $ 120,00 is repaid, along with 10 % equity.

They don’t like the idea of a loan on the grounds that they have no debt and decline both the bargains.

last deal: None

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