Shark Tank: Sharks Don’t Get Into Naja luxurious Lingerie

March 13, 2015

Catalina Girald is asking the Shark Tank investors to place their money in Naja — a lingerie firm that she says isn’t best highly-priced, however is doing good. She says that the corporate is disrupting the lingerie trade.

The gadgets have inspirational messages inside of, reminiscent of “Be your self; everybody else is taken,” “i’m not bizarre; I’m limited variation,” and others. This, Girald says, is as a result of, unlike most lingerie, these aren’t designed for the boys who will have a look at them, however for the women wearing them.

the company invests in girls, with the aid of educating and coaching them to make the product, and owns its personal manufacturing facility, in addition to the uncooked materials.

She has sales of about $ 145k in not up to six months. revenue margins are seventy two%.

[name] is asking the sharks to invest in [company] to enable it to

The offer to the sharks is 5% of the company for a $ 500 funding.

The sharks looked as if it would think that Girald’s valuation was off, although. They said she hadn’t constructed the kind of brand or had the kind of profits so far that justified a valuation of that stage.

Mark Cuban used to be the primary to bow out, as a result of he felt that the sales had been under what they must be, and the proportion of repeat consumers wasn’t excessive sufficient.

Robert Herjavec was subsequent: “beautiful designs. I don’t see it today, at that value. I’m out.”

Kevin O’Leary was 1/3. He said if he was going to speculate half a million, he’d want half the business. while Girald shook her head, he insisted. “I’m serious.”

“I’m severe too,” she answered. “No. now not taking place.”

“okay,” Kevin retorted, “You’re useless to me. I’m out.”

Lori Greiner wanted Girald to take a lesson from the experience. She stated that too many people get caught up in raising cash, and omit to focal point on promoting the product. “I’m out.”

Daymond John was the only shark left, and he asked Girald, “How do you suppose your negotiation fashion has worked these days?” He went on to claim she’d corrected the sharks and argued after they’d only been trying to collect knowledge, and that it left him torn, because, “honestly, I don’t recognize if I’ve ever viewed better designs.”

He, too, disputed the $ 10 million valuation, and the sharks went into another round of questions, asking what Girard tasks to make in two years — her solution was about $ 14 million per 12 months. This spurred questions from Lori — the place do these projections come from? the opposite sharks interjected to tell Girald that these numbers weren’t practical.

Daymond spoke again, announcing that if the valuation had been right for him, he’d’ve been ‘all in,’ but since it isn’t, he’s out.

Catalina Girard left the Shark Tank with no deal for Naja.

picture: Naja

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