Shark Tank: Unshrinkit Intrigues Sharks, Accepts handle Mark Cuban for $a hundred and fifty,000
November 13, 2015
unshrinkit.com
next up is Unshrinkit, a pragmatic resolution for unshrinking wool clothing, seeking $ 150,000 for 10 p.c equity.
the answer is introduced to shrunken apparel, which then permits you to reshape apparel and return it to its former glory.
Who HASN’T unintentionally contracted their clothes?! #SharkTank #Unshrinkit
— Shark Tank (@ABCSharkTank) November 14, 2015
Robert Herjavec first wonders the way it doesn’t over shape it, which the product handiest brings back to its unique manufactured form.
they have got no chemistry background, but realized easy methods to increase a realistic way to an issue had by using many.
Citing a $ 20 million market, they see the product as something individuals should all the time have readily available, now not simply while you by accident cut back your favourite comfy sweater.
#unshrinkit #sharktank excellent concept! i wouldn’t purchase it as one thing to keep available, but i might buy it in a pinch
— jenn s (@sotexmum) November 14, 2015
They are searching for out Joann materials and Macy’s and the product sells for $ 12.
Lori Greiner finds the market as simply too small so goes out. Herjavec likes the theory and is interested in its scalability. Kevin O’Leary jumps in, alternatively, and deals $ one hundred fifty,000 for 33.three %.
They counter back for 15 percent, which O’Leary does no longer to find interesting. Questioning Herjavec and Mark Cuban, Daymond John jumps in and bargains 25 percent for $ 150,000 contingent on licensing the product.
evidently these sharks do not do the laundry. @Unshrinkit is good! i do not reduce garments ceaselessly however would buy one simply in case. #SharkTank
— Ruby Ong (@rubygraceong) November 14, 2015
but Cuban quickly swoops in and deals $ a hundred and fifty,000 for 15 percent, which they settle for.
closing deal: Mark Cuban for $ 150,000 for 15 %.
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