Bashir and Mahdi pitched Browndages to the Sharks, handing every some samples to match their pores and skin tones (by way of YouTube). They wished $75,000 for a 7.5% stake within the firm. All of the Sharks have been supportive of the corporate’s purpose for inclusivity, however Robert Herjavec declined as a result of he believed bigger corporations may produce billions in stock at a cheaper price level. Mahdi acknowledged it was troublesome for his or her firm to maintain up with the bigger inventories of larger bandage corporations.
Kevin O’Leary provided the Browndages crew $75,000 for a 15% stake within the firm, saying that he may assist community the corporate with bigger corporations keen to help family-owned companies. Lori Greiner steered partnering with Daymond John and Mark Cuban with a $100,000 supply and a 30% stake within the firm. Mahdi requested what the Shark trio may do for the corporate with such a big stake.
Cuban stated he may make the Dallas Mavericks (he is the proprietor of the crew) put on Browndages, and his partnerships with the Dallas colleges may assist distribute Browndages to their nurses’ workplaces. John stated he may assist the corporate co-brand along with his clothes manufacturers Coogi and Fubu, and Greiner stated she’d get Browndages into retail shops. After a number of counteroffers, the crew agreed to $100,000 plus a $75,000 line of credit score for his or her subsequent stock. The Shark trio would break up a 25% stake within the firm.