Despite having no website and no sales, Brian and Michael got a deal from Shark Barbara for $50K for 30% equity. Their reversible blanket/ hooded sweatshirt competes with the popular Snuggy (22 million of them were sold in its first year). Their presentation was amusing and entertaining.
Mark Cuban is their investor.įirst into the tank were brothers Brian and Michael from Comfy.
They won my Best Presentation Sharky Award (Youth Division) for Season 6 (see The Best and Worst of Shark Tank blog). $1 million when they appeared on Shark Tank in Season 6. Their annual sales are now $7.5 million vs. They’ve been busy helping survivors of hurricanes in Puerto Rico and Texas by distributing their solar powered inflatable lights. The Shark Tank Update segment featured Luminaid.
All solid entrepreneurs, three deals, but no Sharky Awards. Three of the four entrepreneurs featured in this episode have created products relating in some way to Christmas.
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