Kevin stated that “everyone pays” and informed Justin and Doug that they must contribute an additional 10% if Mark was to be included, surprisingly, despite giving up 43% of their business, they agreed to the deal. Mark expressed interest in taking a 10% stake in Kevin’s 33% stake, but refused to pay a portion of the $120,000, he proposed to partner with Tower Paddle Boards and showcase the items on his Amazon exclusives website. Robert Herjavec felt that it would be challenging to market a feature of an established product and suggested that the founders of Human Bobber, Doug and Justin, consider a licensing arrangement as their best option, but he was not interested in investing in the company and decided to opt out of the deal.ĭaymond also felt that the company was too small for him to use his distribution network and also decided not to invest. Lori Greiner felt it was an all-or-nothing investment opportunity, but the company was too small for her and she decided to pull out. Mark believed there may be a synergy with Tower Paddle Boards but felt it would take a lot of work. Kevin was the first Shark to make an offer of $120,000 for 33.3 percent of the company, the entrepreneurs seemed to be considering the offer. Lori Greiner asked about sales thus far, Doug disclosed that total sales in the prior three years had been $63,000, but they claim this is because they were awaiting coast guard accreditation, which they received that year Doug revealed that the Scuttlebutt vest cost $22.80 to make and retailed for $65, while the Bottoms Up vest cost $27.80 to create and retailed for $90, including all additional expenditures. He asked about the cost of production and retail price of the products. Kevin O’Leary was the first shark to ask a question after receiving samples of the product, he was aware that such products are often reasonably priced. They demonstrated the versatility of their product by wearing it and then flipping it into a seat. On Shark Tank Season 9 Episode 5, Justin and Doug, the founders of Human Bobber, pitched their company to the Sharks seeking $120,000 in exchange for a 15% stake in the company, valuing it at $800,000. It’s a hands-free alternative to clinging to a floppy pool noodle or attempting to balance on a raft. What is the net worth of Justin Rietema?.Where is Justin Rietema and Doug Schultz from?.What is their policy on shipping outside of the United States?.What is their shipping and delivery policy?.When was Human Bobber featured on Shark Tank?. ![]() How much were they seeking in the Shark Tank?.Who are the Competitors of Human Bobber?.Human Bobber After the Shark Tank Pitch.What Happened to Viewsport after Shark Tank? Viewsport Shark Tank Update. ![]()
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