Like this story? Subscribe to CNBC Make It on YouTube!ĭisclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank. The entrepreneurs tried to negotiate with Cuban for less equity, but he didn't budge, so they accepted the deal.ĭon't miss: This invention keeps bottled beer cold, did $1M in sales in 10 days and scored a million-dollar deal on 'Shark Tank' O'Leary also made an offer: $640,000 for a royalty of 38 cents per unit indefinitely, and no equity.
He offered them $640,000 but for 25 percent, more than three times the equity they had originally offered. "You've got a great product, you've got great comedy minds, but your track record speaks for itself, and I don't mean that in any disrespect, but all entrepreneurs go through this." "I'll make you an offer, but you're going to have to listen," Cuban said. Daymond John and Barbara Corcoran opted out too.īut Cuban bit. Lori Greiner didn't like the seasonality of the business. The co-founders told the Sharks they had $1 million in debt and were working off a line of credit. They tried to branch out and created physical prank products (like the ones advertised on their prank gift boxes), but the idea didn't work. While they boasted successful sales early on, 20 were not great years for Prank-O, the co-founders said. It started after Walther, an early partner at the satirical website The Onion, met Nordby, who designed the prank gift boxes, which were then selling successfully on The Onion's e-store. Funny Anti Obama Gift Ideas BigMouth Inc Countdown Clock & Timer Obamas Last Day 1-20-17 irtmadamedeals 20&las2&o1&aB004WKQOT0 The. Prank-O is sold via mass retailer as well as e-commerce. But then the entrepreneurs revealed the sales numbers: $10 million since 2013 and, this year, the company will do $2.8 million. The valuation elicited exasperated groans from the Sharks.
Instead, they were actually seeking $640,000 in exchange for an 8 percent stake in the business. The founders also reveal that their initial ask of $75,000 in exchange for 15 percent was a joke too. Examples of $7 prank gift boxes currently available on their website includes a "plant urinal" (which the box says, is a product that can "turn your liquid gold into leafy greens!") and an "earwax candle kit" (the kit supposedly includes a wax extraction device!).įrom the get-go, Cuban was enamored, and calls the idea "brilliant." Stop the takeover - Watch the video to see the birth and the beginning of SAVVYSOX.The boxes make it seem like the person is receiving a bizarre gift, but in reality, the boxes are empty and your actual gift can be placed inside. Learn more about THE LEGEND OF SEAN SAVVY. POLITICAL HUMOR SOCKS COLLECTION - Looking for ways to show your patriotism? Love satire & social activism? Add more bipartisan caricatures & cartoons to your sock drawer! Political themed funny socks are perfect collectibles for rallies, elections, party affiliations and your favorite social causes! For more bipartisan caricatures & cartoons CLICK HERE TO SEE THE POLITICAL HUMOR SOCKS COLLECTION Gag gifts are off-beat (typically relatively inexpensive) gifts intended to evoke laughter and maybe even comical disgustthe good old-fashioned whoopie cushion instantly comes to mind. Start a new family sock tradition with custom sock design! Great for office funny sock day, sock exchange parties, corporate gifting and branded promotional products. Funny socks as novelty gifts for mom and dad, fun socks for the family. Silly socks as presents for boys and girls. Enjoy a cartoon or caricature as a silly conversation starter, bring more novelty to your hobbies with funny socks as gag gifts. Political themed funny socks are perfect collectibles for rallies, elections, party affiliations and your favorite social causes! Great for those who love satire, political humor and activism.
YOU'LL BE BREAKING DOWN OBAMA'S DAP GAME WITH THESE FUNNY POLITICAL SOCKS! POP OFF & KEEP IT REAL! SHAKE HANDS, QUIET FUSSY BABIES & GIVE PROPS WHERE THEY'RE DUE - TO YOUR FIRST LADY!
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