After presenting their product—which shark Robert Herjavec called “lawn chair strapped to a piece of luggage”—the couple asked the investors for $50,000 in exchange for 25 percent of their company.
The couple said they had sold thousands of units online—so many that they were able to pay off the $150,000 mortgage on their house and become debt-free. They boasted that Businessweek picked the Ride-On Carry-On as one of the top 25 new products of the year. They were the only company on the list that wasn’t a Fortune 500 company.
But Darryl and Randy needed the sharks’ help to get into the retail market, raise product awareness, and optimize their website.
View more information: https://marketrealist.com/p/ride-on-carry-on-shark-tank-update/