Shark Tank: umano, model model for A cause, will get deal with Mark Cuban and Lori Greiner for $150,000

November 20, 2015

umano.com

next into the tank is Georgia-native umano, a manner model, in quest of $ a hundred and fifty,000 for 15 p.c.

Their “do good” style personalizes their designs with drawings from kids, due to this fact, unleashing their creativity. Empowering the youth to appreciate their goals, they also donate a backpack for every buy.

Their social entrepreneurship variation confuses Kevin O’Leary to start with, however Mark Cuban cites its merit, particularly to millennials.

Their partner schools reach so far as Peru and Mexico. they’ve their product in Bloomingdale’s. This yr, they are projected to do $ 250,000.

O’Leary calls it “youngster labor,” which the entire sharks refute. They wish to grow their giving as the logo grows. Robert Herjavec likes their result in however finds it too dangerous, so goes out.

O’Leary thinks it’s creative and different but does no longer think it’s far sufficient alongside and goes out. Having at the moment 8,000 in inventory, they need the deal to extend inventory. Lori Greiner is the first to make a suggestion at $ 150,000 for 25 percent.

Daymond John, model magnate, is impressed that they bought into Bloomingdale’s and offers $ 150,000 for 33.three percent. Cuban bargains $ 150,000 for 20 % to work on their on-line presence, with the chance to usher in any other shark, which Greiner fast jumps on.

They settle for Mark Cuban and Lori Greiner’s provide, citing problems with John’s fairness.

remaining deal: Mark Cuban and Lori Greiner for $ a hundred and fifty,000 for 20 %.

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