![]() ![]() The company has since expanded its product line to offer several other models and even a heated shower that plugs directly to your car’s cigarette port. Since appearing on Shark Tank and welcoming Daymond as an investor, RinseKit has done extremely well. Just like that, RinseKit found itself a suitable shark in Daymond. ![]() The two ultimately ended up declining the debt offers, but just before they could negotiate with Robert, Daymond John swooped in to offer $250,000 as an investment for 7.5% equity with a sales commission. Robert then tried to one-up Lori’s offer by increasing his investment to $350,000. She told them she would put in $250,000 as debt in exchange for 5% equity with a sale commission. Not long after, Lori Greiner jumped in with her own offer. He himself proposed a deal, albeit with $250,000 as debt in exchange for 5% equity. To help, he offered $250,000 for 20%, which Kevin O’Leary found reasonable. Robert Herjavec also liked the product and felt like it was creating a new market. Mark Cuban didn’t make an offer, though he thought the product was brilliant. They raised concerns about the low sales that that point, regardless of high projections for the years to come.ĭespite all of these concerns, RinseKit was still able to attract a fair few offers. ![]() They presented UnshrinkIt as a company that sells a patent-pending liquid solution that helps users restore the original size of their wool clothes. Naturally, the sharks couldn’t help but worry. On ABC's 'Shark Tank,' O'Leary has invested more than 8.5 million in roughly 40 companies since the show debuted in 2009, according to an estimate from Sharkalytics. Cofounders Desiree Stolar and Nate Barbera presented their pitch for funding at ABC reality show, Shark Tank Episode 709 asking the Sharks for 150,000 in exchange for 10 stock in their firm. A successful Kickstarter campaign in the spring of 2016 allowed Chris to raise over $400,000 of funding (for 1,500 units ordered.) However, as revealed during their pitch, the company was already half a million dollars in debt. ![]()
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